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    S.A.M. Trade

    • Australia Australia
    • 5-10 years
    • Regulated in Australia
    • Appointed Representative(AR)
    • MT4/5 White Label
    • Regional Brokers
    Open Account
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

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    Broker Information

    Company Name

    Samtrade FX Ltd

    Phone of the company

    --

    Company website
    https://www.samtradefx.com/
    Twitter

    --

    Customer Service Email Address

    support@samtradefx.com

    Company address

    --

    Pyramid scheme complaint
    Expose

    Check whenever you want

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    WikiFX Risk Alerts 6
    2022.05.24

    The number of the complaints received by WikiFX have reached 27 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    United StatesNFA (license number: 0510426) The regulatory status is abnormal, the official regulatory status is Unauthorized, please be aware of the risk!

    • Account
    Comparison
    MT4 Download
    • ECN
    • Islamic
    • Standard
    • VIP
    • Benchmark --
    • Maximum Leverage 1:200
    • Minimum Deposit $100
    • Minimum spread --
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    • Maximum Leverage 1:500
    • Minimum Deposit $10
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    • Maximum Leverage 1:1000
    • Minimum Deposit $10
    • Minimum spread --
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    • Maximum Leverage 1:1000
    • Minimum Deposit $10
    • Minimum spread --
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    • Minimum position --
    • EA supported
    • Depositing Method --
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    • Commission $5
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    • Marketing Strategy
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    Delivery Index

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    Brokers WikiFX Review: Can S.A.M. TRADE make your money safe?

    Can you withdraw money from S.A.M. TRADE? Is S.A.M. TRADE legal in your country? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.

    WikiFX
    2022/5/17 9:36:02
    WikiFX Review: Can S.A.M. TRADE make your money safe?
    Brokers THE CBN'S RT200 FX POLICY WOULD RESHAPE EXPORTERS' MINDSETS AND ADD VALUE TO THEIR COMMODITIES

    Let us now turn our attention to the first item of discussion for today: the central bank of Nigeria formally announced the commencement of the RT200 FX program in an effort to gain 200 billion dollars in FX repute over the following three to five years. The Rt200 forex program is based on the background value of increasing export facilities, non-oil commodity expansion facilities, and by on or non-all export summits. This strategy is projected to boost and weaken the supply side of the foreign exchange market, which is more important and influential than demand management involvement in the foreign exchange market.

    WikiFX
    2022/4/15 8:31:43
    THE CBN'S RT200 FX POLICY WOULD RESHAPE EXPORTERS' MINDSETS AND ADD VALUE TO THEIR COMMODITIES
    Brokers WikiFX report: Samtrade FX Suspended By Singapore Authority, Indonesian Investors Fate Hopes Are Anx

    Samtrade FX has become a household name among investors. The reason for this is that the Singapore Monetary Authority has halted the brokerage firm (MAS). Because Samtrade FX apparently does not have an official license and has not been validated, MAS made the decision. Investors are now concerned that they may be unable to make deposits or withdraw funds as a result of the ban.

    WikiFX
    2022/4/14 7:14:28
    WikiFX report: Samtrade FX Suspended By Singapore Authority, Indonesian Investors Fate Hopes Are Anx
    Brokers WikiFX report: Financial Commission Announces Samtrade FX Membership Withdrawn

    Up until March 10th, 2022, Samtrade FX was a member of the Financial Commission, but its membership was effectively revoked.

    WikiFX
    2022/4/14 7:03:02
    WikiFX report: Financial Commission Announces Samtrade FX Membership Withdrawn
    Brokers WikiFX report: Online trading platform Samtrade FX under probe by police, MAS; 3 arrested

    Samtrade FX, an online trading platform based in the United Kingdom, is being investigated for possible irregular trading operations on its platform.

    WikiFX
    2022/4/13 7:06:06
    WikiFX report: Online trading platform Samtrade FX under probe by police, MAS; 3 arrested

    S.A.M. Trade

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    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    • Licensed Institution :

      SAMTRADE (AUSTRALIA) PTY LTD

      Effective Date :

      2020-09-21
    • Email Address of Licensed Institution :

      jason@hlkgroup.com.au

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      1003 377 Kent St Sydney NSW 2000

      Phone Number of Licensed Institution :

      1300 669 605
    • Licensed Institution Certified Documents :

      Annex1

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    S.A.M. Trade

    根據香港證券及期貨事務監察委員會的規定

    為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    S.A.M. Trade
    * Contact number
    0086
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    *Reporting Reasons

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    S.A.M. Trade · Company summary

      General Information & Regulation

      Samtrade FX was incorporated in Saint Vincent and Grenadines in 2015. They have a regional presence in the United Kingdom, Australia, Malaysia, Indonesia, Thailand, Hong Kong as well as Shanghai. The broker has the core of its operations in the Asia-Pacific region where it is headquartered in Malaysia. Presently, the broker has over 50,000 retail and institutional customers. Samtrade FX is authorized and regulated by the Australian Securities and Investments Commission (ASIC) with AFSL number 001281861.

      Market Instruments

      The broker provides investors with tradable instruments for forex (major and minor currency pairs), CFD products, and commodities (gold, silver, crude oil, and natural gas).

      Minimum Deposit

      To satisfy different investors' investment needs, the company has set up five types of accounts, 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).

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      Leverage

      SAMTRADE FX allows its traders to use a maximum leverage ratio of up to 1:200,which is considered high.

      Spreads & Commissions

      No commission is charged for all account transactions, and commission fees are built into spreads. The average spread of major currency pairs is EURUSD 1.7-2.0 pips, GBP/USD2.4-2.6 pips, EUR/GBP 2.4-2.7 pips. CFD products in the lowest average spread for the ASX200 (200AUD) 6 pips, the average spread for the Gold/USD 30-42 cents, the average spread for the SilverUSD 3.0-3.5 cents, crude oil spreads for 5.0 cents, and natural gas spread 5.0 cents.

      Trading Platform

      Samtrade uses the world's leading MT4 trading platform. MT4 can be available for more than 30 languages, with a straightforward interface, easy to understand. The charts and trading platform seamlessly integrated, able to open and monitor an unlimited number of maps simultaneously. The platform supports both Apple and Android cell phones, providing instant quotes and fast trade execution.

      Deposit & Withdrawal

      The broker supports bank transfers and Union Pay channels for deposits and withdrawals. The minimum amount of deposit and withdrawal through bank transfer is 20 USD, taking 1-4 banking days to deposit or withdraw, and clients bear the cost. The minimum amount of deposit and withdrawal through Union Pay is USD 20 or equivalent currency amount. The instant arrival of the deposit takes 1-4 working days to withdraw, and the user bears the forex rate and wire transfer fees.

      Customer Support

      Samtrade FX claims to respond to customer inquiries from Monday to Friday (24/5) through the contact form on the brokers website. They also have a Facebook page under the name ‘Samtrade FX’ which can also handle enquiries. The instant web chat is only accessible by registered clients. Disappointingly, there is no contact telephone number to reach the brokerage directly

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.