Samtrade FX Was Established In 2015 In Saint Vincent And The Grenadines. They Have Regional Offices In The UK, Australia, Malaysia, Indonesia, Thailand, Hong Kong And Shanghai. The Broker Has A Core Presence In The Asia Pacific Region Where It Is Headquartered In Malaysia. Currently, The Broker Has Over 50,000 Retail And Institutional Clients. Samtrade FX Is Authorised And Regulated By The Australian Securities And Investments Commission (ASIC) With AFSL Number 001281861.
Market Instruments
The Broker Offers Investors Tradable Instruments In Forex (major And Minor Currency Pairs), CFD Products And Commodities (gold, Silver, Crude Oil And Natural Gas).
Minimum Deposit
To Meet The Investment Needs Of Different Investors, The Company Has Set Up Five Account Types, Namely Standard (minimum Deposit Of $10), Islamic (minimum Deposit Of $10), STP (minimum Deposit Of $10), VIP (minimum Deposit Of $10) And ECN (minimum Deposit Of $100,000).
Leverage
SAMTRADE FX Allows Its Traders To Use A Maximum Leverage Ratio Of Up To 1:200, Which Is Considered High.
Spreads And Commissions
All Account Transactions Are Free Of Commissions, And Commission Fees Are Included In The Spread. The Average Spreads For Major Currency Pairs Are EURUSD 1.7-2 Pips, GBP/USD2.4-2.6 Pips, EUR/GBP 2.4-2 Pips. The Lowest Average Spreads For CFD Products Are ASX200 (200AUD) 6 Pips, Gold/USD Average Spreads Are 30-42 Cents, Silver USD Average Spreads Are 3.0-3 Cents, Crude Oil Spreads Are 5.0 Cents, And Natural Gas Spreads Are 5.0 Cents.
Trading Platform
Samtrade Uses The World's Leading MT4 Trading Platform. MT4 Supports More Than 30 Languages, And The Interface Is Concise And Clear, Easy To Understand. The Charts And Trading Platform Are Seamlessly Integrated With The Ability To Open And Monitor An Unlimited Number Of Maps Simultaneously. The Platform Supports Both Apple And Android Phones, Providing Instant Quotes And Fast Trade Execution.
Deposit And Withdrawal
This Broker Supports Bank Transfer And UnionPay Channel For Deposit And Withdrawal. The Minimum Amount For Deposit And Withdrawal Via Bank Transfer Is $20. It Takes 1-4 Banking Days For Deposit And Withdrawal, And The Cost Is Borne By The Customer. The Minimum Amount For Deposit And Withdrawal Via UnionPay Is $20 Or Equivalent Currency. Immediate Arrival Of Deposit Takes 1-4 Working Days For Withdrawal, And The User Bears The Foreign Exchange Rate And Telegraphic Transfer Processing Fee.
CUSTOMER SUPPORT
Samtrade FX Claims To Respond To Customer Enquiries Via The Contact Form On The Broker's Website From Monday To Friday (24/5). They Also Have A Facebook Page Called "Samtrade FX" Which Can Also Handle Enquiries. Live Web Chat Is Only Accessible To Registered Customers. Disappointingly, There Is No Contact Number To Reach The Broker Directly
