Samtrade FX’ spreads start at 2.1 pips on EUR/USD. Samtrade FX offers floating spreads that start from 2.1 pips direct from the market participants and compared with other brokers this is fairly high. No commissions are charged on any of Samtrade’s live account types for trade executions.
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 Fees and Spreads – 6 key points quick overview:
- Samtrade FX Fees and Spreads
- Samtrade FX Additional Trading Fees
- Samtrade FX Broker Fees
- Samtrade FXPros and Cons
- Conclusion
- FAQ’s
Samtrade FX Fees and Spreads
The broker collects a brokerage fee from the spreads.
Price spreads vary throughout the day depending on factors such as available liquidity (supply and demand), market forces, volatility, and the trading session. The spread list and fee schedule which is offered by Samtrade FX is transparent and competitive.
Traders should be aware that there may be wild fluctuation of spreads during intervals of opening, closing and in between market sessions.
The primary reason is that during these major intervals, all major financial institutions such as banks (Big Liquidity Providers) are undergoing routine settlements across their respective desks, thus, triggering price fluctuations.
Samtrade FX Additional Trading Fees
When trading financial instruments such as forex, traders can expect that overnight, or swap fees will be charged. This happens when positions are held for longer than a trading day. Unfortunately, it is not clear on the broker’s website what the short or long swap charges are if positions are held overnight.
Not much information is forthcoming from the broker’s website and for more information on the swaps that traders can expect, traders should contact customer services. Traders of the Muslim faith who have Islamic Accounts with Samtrade FX are prohibited from earning or paying interest where the holding of open positions is concerned. They do not pay long or short swap fees on this account.
Samtrade FX does not offer spread betting and thus spread betting fees do not apply.
Samtrade FX Broker Fees
Samtrade FX does not charge deposit fees or withdrawal fees, and traders are responsible for any other bank processing charges that might occur from the financial institutions they use. Traders should verify if any additional charges may be waived by their financial institution.
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 FXPros and Cons
| ✔️ Pros | ❌ Cons |
| Competitive trading conditions | Clients from the United States not accepted |
| Demo account available | Fixed spread accounts not offered |
| Islamic Account/Swap-free provided for Muslim traders | Limited payment methods offered |
| Low minimum deposit required | |
| No commissions charged | |
| No deposit fees or withdrawal fees charged | |
| Regulated by FCA and FINTRAC |
Conclusion
Overall, the spreads start at 2.1 pips on EUR/USD. Samtrade FX offers floating spreads that start from 2.1 pips direct from the market participants and compared with other brokers this is fairly high. No commissions are charged on any of Samtrade’s live account types for trade executions.
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FAQ’s
How many instruments can I trade with Samtrade FX?
You can trade the following financial instruments:
- Forex
- Indices
- CFDs
- Precious Metals
- Oil
- Commodities
- Cryptocurrencies
Which platforms are supported by Samtrade FX?
MetaTrader4.
Does Samtrade FX offer leverage?
Yes. Maximum leverage of up to 1: 200 is offered.
What spreads can I expect with Samtrade FX?
You can expect spreads that start from 2.1 pips on EUR/USD.
Does Samtrade FX charge a commission?
No. Samtrade FX does not charge any commission.
Is Samtrade FX regulated?
Yes. Samtrade FX is regulated by FCA and FINTRAC.
Is Samtrade FX a recommended forex trading broker for experts and beginners?
Yes. Samtrade FX caters for both beginners and expert traders.
What is the overall rating out of 10 for Samtrade FX?
7/10.
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