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
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Samtrade FXSaint Vincent and the Grenadines
4.0/5
Regulated byFSA & FINTRAC
Promotion30% Credit Bonus
HeadquartersSaint Vincent and the Grenadines
Founded2015
Min. depositUSD 10*
Max leverage1:500*

Your money is at risk

2015Founded
USD 10*Minimum deposit
1:500*Max leverage
Floating Spread*Pips from

In this Samtrade FX review

  1. Samtrade FX overview
  2. Full broker specifications
  3. Samtrade FX bonus
  4. Pros and cons
  5. Account types
  6. Trading platforms
  7. Deposits and withdrawals
  8. Is Samtrade FX safe?
  9. About the company
  10. FAQ

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

BrokerSamtrade FX
Regulated byFSA & FINTRAC
Type of brokerSTP/ECN
CountrySaint Vincent and the Grenadines
Foundation year2015
WebsiteVisit Samtrade FX website
Website languagesEnglish, Chinese, Indonesian, Vietnamese, Thai, Bahasa Malaysia, Brunei Malaysia, Arabic

Trading conditions

Minimum depositUSD 10*
Maximum leverage1:500*
Minimum spreadsfloating spread*
Base currenciesUSD
Tradable instrumentsForex Currencies, Commodities, Indices, Stocks, Bonds, Futures
Hedging / scalpingAllowed
News tradingAllowed
Trading in publicYes

Bonus and promotions

Current promotion30% Credit Bonus
Welcome bonus30% Forex Deposit Bonus
Standard no deposit bonusNo

Contact details

TelephoneNo
Emailsupport@samtradefx.com
FaxNot available
Head officeSaint Vincent and the Grenadines
FREE

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

  1. Open a live account through the Visit Broker button.
  2. Verify your email, phone number and identity (KYC).
  3. Request the bonus from your client area or from support.
  4. 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 accountYes – practise with virtual money
Mini accountNo
VIP accountYes – for high-volume traders
Islamic (swap-free)Yes – no overnight swap charges
Managed accountNo
Segregated client fundsNo

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.

MetaTrader4 (MT4)Desktop

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

Bank TransferCredit Cards/ Debit Cards via PayPal

E-wallets

UnionPay

Crypto

Tether (USDT) & USD COIN (USDC)

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.

4.0 OUT OF 5
Risk warning: CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Only trade if you understand how CFDs work and can afford to lose your money.

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.