Samtrade FX Review: Regulation, Spreads & Leverage
STP/ECN broker based in Saint Vincent and the Grenadines with MetaTrader 4, a USD 10* minimum deposit and leverage up to 1:500*.
- STP/ECN
- 1:500* Leverage
Your money is at risk
In this Samtrade FX review
Samtrade FX overview: what kind of broker is it?
Samtrade FX is an STP/ECN forex and CFD broker based in Saint Vincent and the Grenadines, founded in 2015. FSA & FINTRAC.
Traders get MetaTrader 4, spreads from floating spread*, leverage up to 1:500* and a low USD 10* minimum deposit. New clients can also check the current 30% Credit Bonus.
Tradable markets include Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures.
Samtrade FX broker specifications
Company and regulation
| Broker | Samtrade FX |
|---|---|
| Regulated by | FSA & FINTRAC |
| Type of broker | STP/ECN |
| Country | Saint Vincent and the Grenadines |
| Foundation year | 2015 |
| Website | Visit Samtrade FX website |
| Website languages | English, Chinese, Indonesian, Vietnamese, Thai, Bahasa Malaysia, Brunei Malaysia, Arabic |
Trading conditions
| Minimum deposit | USD 10* |
|---|---|
| Maximum leverage | 1:500* |
| Minimum spreads | floating spread* |
| Base currencies | USD |
| Tradable instruments | Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Trading in public | Yes |
Bonus and promotions
| Current promotion | 30% Credit Bonus |
|---|---|
| Welcome bonus | 30% Forex Deposit Bonus |
| Standard no deposit bonus | No |
Contact details
| Telephone | No |
|---|---|
| support@samtradefx.com | |
| Fax | Not available |
| Head office | Saint Vincent and the Grenadines |
Samtrade FX bonus
Samtrade FX promotes a 30% Credit Bonus for new traders. It is a simple way to test the broker's MT4 execution, spreads and withdrawal process before you add more of your own money.
How to claim the Samtrade FX bonus
- Open a live account through the Visit Broker button.
- Verify your email, phone number and identity (KYC).
- Request the bonus from your client area or from support.
- Trade the required volume, then withdraw your eligible profit.
Bonus terms (required lots, time limit and withdrawal rules) can change at any time. Always read the latest conditions on the Samtrade FX website before you claim.
Samtrade FX pros and cons
Pros
- Regulated: FSA & FINTRAC
- 30% Credit Bonus for new traders
- Low USD 10* minimum deposit
- Spreads from floating spread*, STP/ECN execution
- MetaTrader 4 on every device
- Islamic and VIP accounts
Cons
- Bonus comes with trading-volume rules
Samtrade FX account types
Samtrade FX offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a USD 10* deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | No |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Managed account | No |
| Segregated client funds | No |
Samtrade FX trading platforms
Samtrade FX runs on MetaTrader 4, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
Samtrade FX deposit and withdrawal methods
The same 4 methods work for both funding and withdrawals, which makes cash-outs simpler because you can usually withdraw the way you deposited.
Banks and cards
E-wallets
Crypto
Is Samtrade FX safe and legit?
Samtrade FX is a regulated broker. FSA & FINTRAC.
Our verdict on safety
Samtrade FX is a legitimate licensed broker. Start small, test a withdrawal early and use sensible leverage.
About Samtrade FX
Samtrade FX Review and Analysis 2021
Samtrade FX is an online trading brokerage, providing Forex, CFD, and investing-related services.
Samtrade FX is incorporated in Saint Vincent and the Grenadines under registered number 25290 IBC 2019 by the Registrar of International Business Companies, registered by the Financial Services Authority of Saint Vincent and the Grenadines to carry on the business of dealing in securities as a Principal.
They are providing services through different regional countries, including Malaysia, Indonesia, Vietnam, Thailand and the Philippines.
For a start, comparatively, they are providing good service and developing good field for traders.
With the MT4 platform, promotions, good client support, and different features, you should start a good journey. Let’s see their company information, account features, trading benefits with them, tradeable products, and more in detail.
Samtrade FX Overview
They started the journey in 2015, now they have expanded their services in Malaysia, Indonesia, Vietnam, Thailand, as well as Philippines to provide an all-round, personalized service to our clients and partners. They strive to set the highest standards of client satisfaction and cater to the special needs of clients. They operate as the STP/ ECN brokerage model that’s a trendy model. Many investor loves to select this type of broker without having any doubt
In this competitive market, they are getting awards continuously. Such as
Best Forex Introducing Broker, Asia 2020
Best Forex Trading Platform, Asia 2020
Best Forex STP/ECN Broker 2020
Most Influential Broker in Asia 2019
Best Forex Broker of the Year 2017
Best STP/ ECN Broker Award 2016
Account types
Trading account types is very important for a different level of traders. Samtrade FX is really grateful for its account options. They offer 4 different types of accounts. These are following
Standard Account
This account is suitable for beginners, only USD 10 is required to open a Standard Account. The minimum lot size is 0.01, maximum leverage is 500 with Negative Balance Protection provided by Samtrade FX.
Islamic Account
An Islamic Account is a swap-free account available for Muslim traders with only USD 10 deposit. You can take leverage up to 1:500. This account spread is also floating, the stop-out level is 50%, the maximum trade size is 100 and the minimum lot size is 0.01.
VIP Account
The VIP Account is designed for professional traders. It requires a minimum of USD 100 deposit and VIP account holders can use leverage up to 1:500 with no commission and the minimum lot size is 0.01.
Who should choose Samtrade FX?
Good fit for
- Traders who want MT4
- Bonus hunters testing a new broker
- Muslim traders needing swap-free accounts
- Scalpers, hedgers and news traders
Think twice if
Samtrade FX FAQ
Is Samtrade FX regulated?
Yes. FSA & FINTRAC.
What is the Samtrade FX minimum deposit?
The minimum deposit to open a live Samtrade FX account is USD 10*.
Does Samtrade FX offer a bonus?
Samtrade FX currently promotes a 30% Credit Bonus for new traders. Bonus credit normally has trading-volume and withdrawal conditions, so read the latest terms on the broker's website before claiming.
What is the maximum leverage at Samtrade FX?
Leverage goes up to 1:500*. High leverage increases both potential profit and potential loss, so most traders use far less.
Which trading platform does Samtrade FX use?
Samtrade FX uses MetaTrader4 (MT4).
Does Samtrade FX offer Islamic swap-free accounts?
Yes. Islamic swap-free accounts are available, along with VIP accounts.
How can I deposit and withdraw at Samtrade FX?
You can use Bank Transfer, UnionPay, Tether (USDT) & USD COIN (USDC) and Credit Cards/ Debit Cards via PayPal.