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    Samtrade FX

    2-5 years
    |
    Regulated in Australia
    |
    Appointed Representative(AR)
    |
    MT4/5 White Label

    Rating

    0123456789
    .
    0123456789
    0123456789

     /10

    License Index

    3.51

    Business Index

    6.72

    Risk Management Index

    7.38

    Software Index

    4.00

    Regulatory Index

    3.48

    Licenses

    Australia Securities & Investment Commission

    Appointed Representative(AR)

    ASIC Regulated

    National Futures Association

    Common Financial Service License

    NFA Unauthorized

    National Futures Association

    Common Financial Service License

    NFA Unauthorized

    Overview

    • Company Name:

      Samtrade FX Ltd
    • Company Abbreviation:

      Samtrade FX
    • Place of registration:

      Samtrade FXAustralia
    • Regulatory Status:

      Regulated
    • Customer Service Email Address:

      support@samtradefx.com
    • Customer Service Phone Number:

      --
    • Company summary

      GeneralInformation&RegulationSamtradeFXwasincorporatedinSaintVincentandGrenadinesin2015.TheyhavearegionalpresenceintheUnitedKingdom,Australia,Malaysia,Indonesia,Thailand,HongKongaswellasShanghai.ThebrokerhasthecoreofitsoperationsintheAsia-PacificregionwhereitisheadquarteredinMalaysia.Presently,thebrokerhasover50,000retailandinstitutionalcustomers.SamtradeFXisauthorizedandregulatedbytheAustralianSecuritiesandInvestmentsCommission(ASIC)withAFSLnumber001281861.MarketInstrumentsThebrokerprovidesinvestorswithtradableinstrumentsforforex(majorandminorcurrencypairs),CFDproducts,andcommodities(gold,silver,crudeoil,andnaturalgas).MinimumDepositTosatisfydifferentinvestors'investmentneeds,thecompanyhassetupfivetypesofaccounts,namelyStandard(minimumdepositof$10),Islamic(minimumdepositof$10),STP(minimumdepositof$10),VIP(minimumdepositof$10)andECN(minimumdepositof$100,000).LeverageSAMTRADEFXallowsitstraderstouseamaximumleverageratioofupto1:200,whichisconsideredhigh.Spreads&CommissionsNocommissionischargedforallaccounttransactions,andcommissionfeesarebuiltintospreads.TheaveragespreadofmajorcurrencypairsisEURUSD1.7-2.0pips,GBP/USD2.4-2.6pips,EUR/GBP2.4-2.7pips.CFDproductsinthelowestaveragespreadfortheASX200(200AUD)6pips,theaveragespreadfortheGold/USD30-42cents,theaveragespreadfortheSilverUSD3.0-3.5cents,crudeoilspreadsfor5.0cents,andnaturalgasspread5.0cents.TradingPlatformSamtradeusestheworld'sleadingMT4tradingplatform.MT4canbeavailableformorethan30languages,withastraightforwardinterface,easytounderstand.Thechartsandtradingplatformseamlesslyintegrated,abletoopenandmonitoranunlimitednumberofmapssimultaneously.TheplatformsupportsbothAppleandAndroidcellphones,providinginstantquotesandfasttradeexecution.Deposit&WithdrawalThebrokersupportsbanktransfersandUnionPaychannelsfordepositsandwithdrawals.Theminimumamountofdepositandwithdrawalthroughbanktransferis20USD,taking1-4bankingdaystodepositorwithdraw,andclientsbearthecost.TheminimumamountofdepositandwithdrawalthroughUnionPayisUSD20orequivalentcurrencyamount.Theinstantarrivalofthedeposittakes1-4workingdaystowithdraw,andtheuserbearstheforexrateandwiretransferfees.CustomerSupportSamtradeFXclaimstorespondtocustomerinquiriesfromMondaytoFriday(24/5)throughthecontactformonthebrokerswebsite.TheyalsohaveaFacebookpageunderthename‘SamtradeFX’whichcanalsohandleenquiries.Theinstantwebchatisonlyaccessiblebyregisteredclients.Disappointingly,thereisnocontacttelephonenumbertoreachthebrokeragedirectly About More
    Pyramid scheme complaint

    WikiFX APP!

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    WikiFX Risk Alerts

    Previous Detection: 2021.09.17 Risk: 4 Item

    • United StatesNFA (license number: 0510426) The regulatory status is abnormal, the official regulatory status is Unauthorized, please be aware of the risk!
    • United StatesNFA (license number: 0520758) The regulatory status is abnormal, the official regulatory status is Unauthorized, please be aware of the risk!
    • This broker exceeds the business scope regulated by United States NFA(license number: 0510426)National Futures Association-UNFX Non-Forex License, please be aware of the risk!
    • This broker exceeds the business scope regulated by United States NFA(license number: 0520758)National Futures Association-UNFX Non-Forex License, please be aware of the risk!

    WikiFX Verification

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    Last Updated Time 2021-09
    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 :

      Samtrade ASIC 001283553监管截图 View Certified Documents
    National Futures Association

    National Futures Association (NFA)

    National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.

    • Licensed Institution :

      SAMTRADE FX LTD

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      0510426.png View Certified Documents NFA20190401 View Certified Documents 0510426 NFA牌照20191127.png View Certified Documents
    National Futures Association

    National Futures Association (NFA)

    National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.

    • Licensed Institution :

      SAMTRADE FX LTD

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      德兴汇 NFA牌照 View Certified Documents SAMTRADE NFA监管信息20191127 View Certified Documents

    Samtrade FX · MT4/5

    Identification Result

      Samtrade FX · Website

      Most visited countries/areas

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          Samtrade FX· Genealogy

          Samtrade FX · Clones

          Samtrade FX · Market Analysis

          The data are from WIKI Research    2021.09.18 updated

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          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

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          Samtrade FX

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          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
          Samtrade FX
          * Contact number
          0086
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          *Reporting Reasons

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          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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          Samtrade FX · 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).

          image.png

            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.