Samtrade FX has a minimum deposit requirement of only $ 10 / R160 ZAR for the Standard, VIP, and Islamic account and a total of $ 100 / R1600 ZAR for the ECN account.
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 Minimum deposit – 6 key points quick overview:
- Samtrade FX Minimum Deposit Overview
- Samtrade FX Deposit fees and deposit methods
- A step-by-step guide to depositing the minimum amount
- Samtrade FX Pros and Cons
- Conclusion
- FAQ’s
Samtrade FX Minimum Deposit Overview
The broker is incorporated in Saint Vincent and the Grenadines under registered number 25290 IBC 2019 by the Registrar of International Business Companies.
Samtrade FX also provides services in England and Wales, and in this jurisdiction, it is regulated and authorized by the Financial Conduct Authority (FCA). In New South Wales, Australia it operates with an AFS license and in Canada, it operates under the watchful eyes of the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) as a Money Services Business (MSB).
In addition to this, Samtrade FX has a regional presence in Malaysia, Indonesia, Vietnam, Thailand, and the Philippines to provide an all-around, personalized service to its clients and partners.
It is a requirement by most regulatory bodies and financial institutions, amidst several other strict rules and regulations, that all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
The broker has only one clear objective which is to provide traders with safe, easy, and low-cost access to foreign exchange markets.
Samtrade FX Deposit fees and deposit methods
The minimum deposit that Samtrade FX requires when registering a live account is very low in comparison with other brokers.
The only payment methods that are accepted by Samtrade FX is MasterCard, Visa, Bank Wire Transfer, and Tether (USDT). The broker also only accepts USD as the only deposit currency in the accounts.
When making use of any of the payment methods Samtrade FX does not charge any deposit fees. Traders must, however, ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable.
These often depend on the payment method used as well as the amount which is deposited into the trading account.
A step-by-step guide to depositing the minimum amount
It is not indicated on the website of Samtrade FX how the minimum deposit should be made. Most of the time, traders can deposit funds from their own bank account by sending the funds to one of the brokers segregated client accounts.
Step 1 – Log in to your Samtrade FX account
Log in to your existing Samtrade FX account by using your email address.
Step 2 – Open your Samtrade FX dashboard
Click on the “fund your account” option.
Step 3 – Choose your amount and funding method
Traders can also access the option to deposit the minimum amount from their personal area after having registered a live trading account which has, subsequently, been approved.
It appears that traders should log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account.
Samtrade FX Pros and Cons
| ✔️ Pros | ❌ Cons |
| No deposit fees charged | Account base currencies are limited |
| Regulated through FCA and FINTRAC | Currency conversion fees may apply |
| Reliable payment methods offered | Limited payment methods offered |
| Very low minimum deposit requirement |
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 FX has a minimum deposit requirement of only $ 10 for the Standard, VIP, and Islamic account and a total of $ 100 for the ECN account.
You might also like: Samtrade FX Demo Account
You might also like: Samtrade FX Fees and Spreads
You might also like: Samtrade FX Islamic account
You might also like: Samtrade FX Sign-up Bonus
You might also like: Samtrade FX Account Types
FAQ’s
What is the minimum deposit for Samtrade FX?
$ 10 for the Standard, VIP, and Islamic account and a total of $ 100 for the ECN account.
How do I make a deposit and withdrawal with Samtrade FX?
- MasterCard
- Visa
- Tether (USDT)
- Bank Wire Transfer
Does Samtrade FX charge withdrawal fees?
No. Fees from financial institutions may apply.
How long does it take to make a withdrawal?
This will depend on the payment method used. Bank wire transfers and credit and debit cards take between 1 – 4 days where Tether (USDT) takes up to 1 business day.
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