Samtrade FX Review

Samtrade FX at a glance

Overall Rating

• 3.4/5

Read Review

OPEN AN ACCOUNT

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 Review – 19 key points quick overview:

1. Who is Samtrade FX?
2. Safe or scam
3. Samtrade FX Pros and cons
4. Samtrade FX Leverage
5. Samtrade FX Accounts 
6. Samtrade FX Market instruments
7. Samtrade FX Fees
8. Samtrade FX Deposit and withdrawal
9. Samtrade FX Trading platforms
10. How to open a Samtrade FX account
11. Samtrade FX vs FXGlobe vs XM – A Comparison
12. FxGrow Current Popularity Trend
13. Samtrade FX Customer support
14. Samtrade FX Education
15. Samtrade FX Research
16. Samtrade FX Awards
17. Conclusion  
18. Disclaimer
19. FAQ’s

Who is Samtrade FX?      

According to research in South Africa, SAMTRADE FX is a forex broker registered by the Financial Services Authority of Saint Vincent and the Grenadines. SAMTRADE FX is a trading name of SAMTRADE UK International Limited, which is registered in England and Wales and regulated by the Financial Conduct Authority (FCA).

SAMTRADE FX boasts about the technological infrastructure that ensures minimum technical issues, with a professional and dedicated customer support team that assists clients with advice and solutions.

Safe or scam

One of the best benchmarks to measure the safety of a broker like SAMTRADE FX, is to establish which regulating authorities are watchdogs over its actions. SAMTRADE FX is registered by the Registrar of International Business Companies and by the Financial Services Authority of Saint Vincent and the Grenadines.

Through its holding company SAMTRADE UK International Limited, SAMTRADE FX is regulated by the Financial Conduct Authority (FCA); as well as by the Australian Securities and Investments Commission (ASIC) and the Financial Transactions and Reports Analysis Center of Canada (FINTRAC).

SAMTRADE FX is a member of The Financial Commission too, an international organisation that resolves disputes in the Forex market.

Clients’ monies are kept in segregated Top Tier One Bank accounts and clients from Indonesia, Malaysia, Singapore, Thailand and Vietnam are protected under WikiFX Assurance Center for up to 7 000 USD in compensation.

SAMTRADE FX provides professional indemnity insurance with Howden Insurance Brokers and negative balance protection on all accounts.

Samtrade FX Pros and cons

Samtrade FX Leverage

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

SAMTRADE FX offers a maximum leverage ratio of 1:200.

Samtrade FX Accounts 

A forex account at SAMTRADE FX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.

SAMTRADE FX offers the following types of accounts:

Standard Account

Can be opened with a minimum deposit of 10 USD, leverage up to 1:200 can be used and spreads are fixed or floating, commission is 5%.

Islamic Account

An Islamic or swap free account can also be opened with a minimum deposit of 10 USD. A leverage ratio of up to 1:200, floating spread and a minimum lot size of 0.01 is applicable.

VIP Account

The VIP Account requires a minimum deposit of 100 USD and leverage of 1:200 can be used. Floating spread and 5% commission is applicable, with a minimum lot size of 0.01.

ECN Account

The ECN account needs a minimum deposit of 100 000 USD. A leverage ratio of up to 1:200 can be used, spread is floating, and a 5 % commission is charged. Minimum lot size is also 0.01.

Overall Rating

• 3.4/5

Read Review

OPEN AN ACCOUNT

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 Market instruments

The most popular market instruments available from most brokers for trading include:

Forex

Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management.

Indices

Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market.

Precious metals

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

Cryptocurrencies

Bitcoin (BTC) is the digital currency with the largest market capitalization. Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability. Ripple (RPL) is popular among big banks with the Ripple network a next generation real-time gross settlement system.

Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.

SAMTRADE FX offers the following of the above: exotic currencies like Singapore Dollar, Hong Kong Dollar and Chinese Yuan, as well as CFDs on gold, silver, platinum, oil, indices and bitcoin.

Samtrade FX Fees

Cost depends on different factors, like spread and margins, and SAMTRADE FX clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

SAMTRADE FX charges a commission of 5.0% on accounts but the Islamic account commission is USD 20. Spread is variable depending on the type of account. Deposit and withdrawal fees are charged, and inactivity fees may be applicable.

Samtrade FX Deposit and withdrawal

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ. In the case of SAMTRADE FX the following minimum deposits are required:  For the Standard and Islamic Account 10 USD; for the Profit STP and the VIP Account 100 USD; and 100 000 USD for the ECN Account.

A minimum deposit of $20 is suggested to open the Standard and Islamic Accounts though. For funding of accounts and withdrawals Bank Transfer, Visa or Mastercard, and UnionPay can be used. Withdrawal processing may take between one and four business days, and the minimum withdrawal amount is $20.

Samtrade FX Trading platforms

The forex trading platform provided by SAMTRADE FX to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

SAMTRADE FX provides MetaTrader 4 (MT4) as trading platform. It offers ample opportunities like advanced technical analysis, flexible trading system, algorithmic trading as well as Expert Advisors and is available in more than 30 languages.

Its user-friendly interface makes it easy to put charting features, real-time quotes, advanced technical analysis, and automated trading capabilities to work. Android and iPhone/iOS apps are also available.

How to open a Samtrade FX account

Similarly to a bank, to register a forex trading account with SAMTRADE FX for the first time, you will be required to go through a basic “know your customer” process, which will allow SAMTRADE FX to ascertain that your submitted details and ensure the safety of your funds and account details.

Step 1 – Visit the Samtrade FX website

Visit the official Samtrade FX website to start the process of opening an account.

Step 2 – Click on the “Open Live Account” button

At the top right of the menu, locate and click on the “Open Live Account” tab.

Step 3 – Choose your account type and fill in the details

You will have a choice between 3 account options, choose an account type and fill in all the required details.

Your account has been created.

Samtrade FX vs FXGlobe vs XM – A Comparison

FxGrow Current Popularity Trend

As According to Google Trends, here is an overview of how frequently the search term – “Samtrade FX” is entered into Google’s search engine over a given period of time.

Samtrade FX Customer support

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

In the case of SAMTRADE FX customers can reach the support team by means of a live chat option, email and a contact form on the website. Support is available in English, Mandarin and Chinese.

Samtrade FX Education

Before starting to trade, potential clients of SAMTRADE FX should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

SAMTRADE FX does offer a variety of educational guides and articles on forex trading, the basic terms and definitions, what CFDs and commodities are, what leverage and margin are and how to use it, and topics like Overnight Funding and Margin Call Policy.

Samtrade FX Research

To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.

With SAMTRADE FX they have access to trade signals and an economic calendar, with the possibility of more guidance from the educational section.

Samtrade FX Awards

Being an awarded company instils extra confidence by traders.  SAMTRADE FX has accumulated the following awards:

Best STP/ECN Broker at the China (Shenzhen) Forex Expo in 2016

Best Forex Broker of the Year for 2017 (APAC) at the China International Investments & Financial Expo

Most Influential Broker in Asia at WikiExpo of 2019

Best Forex Trading Platform in Asia at the London Trader Show of 2025

Best Forex STP/ECN Broker at the London Trader Show of 2025

Best Forex Introducing Broker in Asia at the London Trader Show of 2025

Overall Rating

• 3.4/5

Read Review

OPEN AN ACCOUNT

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 is an FCA-regulated broker, honored with several awards of the industry. It offers five account types and traders can start with a minimum deposit of only 10 USD. SAMTRADE FX charges commission, have floating spreads and charges deposit and withdrawal fees. The broker provides MT4 as trading platform.

Disclaimer

SAMTRADE FX warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with SAMTRADE FX, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

SAMTRADE FX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence SAMTRADE FX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

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You might also like: Samtrade FX Demo Account

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FAQ’s

Trading environment

How many instruments can I trade with SAMTRADE FX?

You can trade several different instruments with SAMTRADE FX, which include:

• Forex
• Major Indices
• CFDs
• Precious Metals
• Oil

Which platforms are supported by SAMTRADE FX?

SAMTRADE FX provides the following trading platforms:

• MT4
• Mobile

Does SAMTRADE FX offer leverage?

Yes, SAMTRADE FX offers leverage of up to 1: 200

What spreads can I expect with SAMTRADE FX?

SAMTRADE FX offers different spreads on its various accounts.

Does SAMTRADE FX charge commission?

Yes

Is SAMTRADE FX regulated and by whom?

SAMTRADE FX is regulated by FCA, FINTRAC and Financial Services Authority of Saint Vincent and the Grenadines

Is SAMTRADE FX a recommended forex trading broker for experts and beginners?

SAMTRADE FX offers a fair trading environment for most traders.

What is the overall rating out of 10 for SAMTRADE FX?

7/10

Accounts

What is the difference between a demo and live trading account?

A demo account as offered by broker companies like SAMTRADE FX is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.

Does SAMTRADE FX offer a demo account?

Yes

How long is the demo account valid?

Not indicated

Which live trading accounts does SAMTRADE FX offer?

• Standard Account
• Islamic Account
• Profit STP Account
• VIP Account
• ECN Account

What are the available deposit currencies for a live trading account?

USD

Deposits and withdrawals

What is the minimum deposit required to open an account with SAMTRADE FX?

$ 10

How do you make a deposit and withdraw money with SAMTRADE FX?

SAMTRADE FX offers the following deposit and withdrawal methods:

• Bank Transfer
• Visa or Mastercard
• UnionPay

Does SAMTRADE FX charge withdrawal fees?

Yes.

How long does it take to make a withdrawal?

Usually, withdrawals take between one and four days.