Samtrade does offer traders the opportunity to open a demo account. A demo account is mostly also seen as a practice account as it is providing traders with the ability and freedom.
Samtrade FX at a glance
| Broker's Name | Samtrade FX |
| 📍 Headquartered | Kingston, St Vincent, and the Grenadines |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | FCA and FINTRAC |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1: 200 |
| 💰 Minimum Deposit | $100 |
| 💳 Deposit Options | Visa, MasterCard, Tether (USDT) and Bank Wire Transfer |
| 💳 Withdrawal Options | Visa, MasterCard, Tether (USDT) and Bank Wire Transfer |
| 💻 Platform Types | MetaTrader4 |
| 📱 OS Compatibility | Desktop, Web, Windows, Linux, Mac, Android, and iOS |
| 📈 Tradable assets offered | Forex, Indices, Precious metals, Oil, CDFs, Cryptocurrencies and Commodities |
| 👨💼 Languages supported on Website | English, Dutch, Russian, Polish, German, Spanish, Netherlands, Portuguese, and French |
| 👥 Customer Support Languages | English, Mandarin and Chinese |
| 📆 Customer Service Hours | 24/5 |
Min Deposit
USD 10
Regulators
FCA, FINTRAC, FSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Samtrade FX Demo account – 5 key points quick overview:
How to Set up a Samtrade FX Demo Account – Step by Step
To register for, and set up a demo account with SAMTRADE FX, traders can follow these steps:
Step 1 – Go to the Samtrade FX website and select the link that states ‘Open demo account.’
Traders will be redirected to a page where they will be offered a choice to sign up for a demo account.
Step 2 –Traders will be expected to complete the short registration form by filling in their usernames and password.
When selecting the option to continue, traders will instantly be redirected to a demo account platform where they are free to explore the broker’s offering and/or practice trading, test strategies, and more.
To start to practice trading they must download the MetaTrader4 platform.
A demo account is mostly also seen as a practice account as it is providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses since they are using virtual funds to practice trading.
Beginner traders can use a demo account to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and developing their own trading strategies.
Demo accounts are not merely intended only for beginners, but it also provides more advanced traders with the opportunity to explore what Samtrade FX has to offer.
Min Deposit
USD 10
Regulators
FCA, FINTRAC, FSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Samtrade FX Demo Account Features
The demo account that is offered by Samtrade FX mimics a live trading account and thus traders have access to the same functions, features, and options that they would if they are trading on a live trading account.
The only exception is that the demo account is risk-free as traders make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
When making use of either MetaTrader 4, traders will have access to the various functions, tools, features, and more, which is offered by these trading platforms.
Samtrade FX Pros and Cons
| ✔️ Pros | ❌ Cons |
| MetaTrader4 offered | No demo account offered |
| Regulated by FCA and FINTRAC | |
| Sign-up completed in minutes |
Min Deposit
USD 10
Regulators
FCA, FINTRAC, FSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Overall, Samtrade does not offer traders the opportunity to open a demo account, traders can only open a live account with the given account options. Traders can choose between Individual, Joint and Corporate accounts.
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Frequently Asked Questions
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Samtrade FX offer a demo account?
Yes. Samtrade FX does offer a demo account that can be used by a beginner as well as advanced traders.
For how long is the demo account valid?
It is valid for 30-days.
Which live trading accounts does Samtrade FX offer?
Samtrade FX offers a choice between four live trading accounts, namely Standard Account, Profit STP Account, VIP Account and ECN Account.
What are the available deposit currencies for a live trading account?
USD.
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