Samtrade FX Journal

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Samtrade FX Profile
Year
2019
Country
SVG
Branches
8
Regulation
not regulated
Registration
FSA SVG, FINTRAC Canada, Financialcommission.org
Investor protection
Fund protection
Financialcommission.org, Falcon Insurance
Publicly traded
OTC:SMFX
Restricted in
Not serving
х Afghanistan, Africa, Belarus, Brazil, Burundi, Colombia, Cuba, Egypt, Iran, Iraq, Japan, Nicaragua, North Korea, Pakistan, Spain, Sudan, Syria, Togo, US, Ukraine, Venezuela, Yemen, Zimbabwe
Broker type
MM, ECN-style pricing
Dealing book
A+B Hybrid book
Execution model
DD + NDD
Tier
3
Execution speed
...
LPs total
5
LPs quality
Tier-1 Banks
LPs names
Barclays, Credit Suisse, Goldman Sachs, JPMorgan, UBS

Samtrade FX Accounts
MM
ECN
Minimum Deposit
10 $
100 $
Leverage
1000 : 1
200 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.7 pips
1.7 pips
Commission
0 $/lotRT
0 $/lotRT
Volume
100 lots
100 lots
Margin Call
100 %
100 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Tether
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is Samtrade FX safe?

  • Investor protection: Financialcommission.org, Falcon Insurance
  • Regulation: not regulated
  • Registration: FSA SVG, FINTRAC Canada, Financialcommission.org
  • Publicly traded: OTC:SMFX
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is Samtrade FX trusted?

  • Information transparency: limited ★★
  • Customer service: virtually non-existent
  • Samtrade FX website: highly detailed, updated ★★★★★
  • Samtrade FX popularity (by visitor count): average ★★★

How Samtrade FX works





At Samtrade FX there's never a conflict of interest between us and our clients. As a STP/ECN brokerage, clients trades are passed on straight to our liquidity providers; we make only a marginal profit on commissions, which stems from traded volume.

The STP/ECN model is favored by many traders, as firms operating in the STP/ECN model are often able to offer more competitive spreads. STP/ECN brokerages pass many trades on to the liquidity providers who are able to offer very tight spreads due to the huge volumes they are dealing in, meaning under standard market conditions spreads tend to be much tighter.


ECN Account
Our very best spreads


To provide the best service and stability of our platforms, systems and products, we do not allow Scalping on any of our trading platforms. “Scalping” is defined as a method where traders open and close trades within 150 seconds on FX, 300 seconds on Metals and all other CFDs.. S.A.M. Trade reserves the right to cancel orders or void transactions for Scalping, Machine Gunning, Churning, Misquotes and Hedging. Introducing Brokers and CPA Affiliates WILL NOT receive any Fees and/or commissions for transactions that are defined as Scalping trades.



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