Samtrade FX Review: Regulation, Bonus, Spreads & Accounts

What is Samtrade FX?

Samtrade FX is an STP / ECN forex broker founded in 2015 and based in Saint Vincent and the Grenadines. It offers forex currencies, commodities, indices, stocks, bonds, futures on MetaTrader4 (MT4).

Samtrade FX is regulated by FSA & FINTRAC. Its listed office is Saint Vincent and the Grenadines.

This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the Samtrade FX bonus offers, and who the broker suits best.

• ✓Regulated since 2015 by FSA & FINTRAC.
• $Cost to start: USD 10* minimum deposit and spreads from Floating Spread*.
• ⚡Flexible trading: leverage up to 1:500*, hedging, scalping and news trading allowed.
• %Bonus: 30% Forex Deposit Bonus, no no-deposit bonus.

More about Samtrade FX

Samtrade FX Review and Analysis 2021

Samtrade FX is an online trading brokerage, providing Forex, CFD, and investing-related services.

Samtrade FX is incorporated in Saint Vincent and the Grenadines under registered number 25290 IBC 2019 by the Registrar of International Business Companies, registered by the Financial Services Authority of Saint Vincent and the Grenadines to carry on the business of dealing in securities as a Principal.

They are providing services through different regional countries, including Malaysia, Indonesia, Vietnam, Thailand and the Philippines.

For a start, comparatively, they are providing good service and developing good field for traders.

With the MT4 platform, promotions, good client support, and different features, you should start a good journey. Let’s see their company information, account features, trading benefits with them, tradeable products, and more in detail.

Samtrade FX Overview

They started the journey in 2015, now they have expanded their services in Malaysia, Indonesia, Vietnam, Thailand, as well as Philippines to provide an all-round, personalized service to our clients and partners. They strive to set the highest standards of client satisfaction and cater to the special needs of clients. They operate as the STP/ ECN brokerage model that’s a trendy model.  Many investor loves to select this type of broker without having any doubt

In this competitive market, they are getting awards continuously. Such as

Best Forex Introducing Broker, Asia 2020

Best Forex Trading Platform, Asia 2020

Best Forex STP/ECN Broker 2020

Most Influential Broker in Asia 2019

Best Forex Broker of the Year 2017

Best STP/ ECN Broker Award 2016

Account types

Trading account types is very important for a different level of traders. Samtrade FX is really grateful for its account options. They offer 4 different types of accounts. These are following

Standard Account

This account is suitable for beginners, only USD 10 is required to open a Standard Account.  The minimum lot size is 0.01, maximum leverage is 500 with Negative Balance Protection provided by Samtrade FX.

Islamic Account

An Islamic Account is a swap-free account available for Muslim traders with only USD 10 deposit.  You can take leverage up to 1:500. This account spread is also floating, the stop-out level is 50%, the maximum trade size is 100 and the minimum lot size is 0.01.

VIP Account

The VIP Account is designed for professional traders.  It requires a minimum of USD 100 deposit and VIP account holders can use leverage up to 1:500 with no commission and the minimum lot size is 0.01.

Is Samtrade FX safe and regulated?

Samtrade FX is supervised by 1 authority. Our listing shows these licences:

Before you sign up, check which Samtrade FX company will hold your account, because protection levels can differ between regions.

Samtrade FX account types and trading conditions

These are the main trading conditions listed for Samtrade FX. It offers Islamic, VIP accounts.

Samtrade FX trading platforms

Samtrade FX supports MetaTrader4 (MT4). MetaTrader 4 remains the favourite for forex and Expert Advisors.

Web and mobile trading

Web trading: Yes. Mobile trading: Yes. Markets available: Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures. The website is available in English, Chinese, Indonesian, Vietnamese, Thai, Bahasa Malaysia, Brunei Malaysia, Arabic.

Samtrade FX deposit and withdrawal methods

Samtrade FX accepts these deposit methods:

• Bank Transfer
• UnionPay
• Tether (USDT) & USD COIN (USDC)
• Credit Cards/ Debit Cards via PayPal

Withdrawals use the same methods as deposits.

Accounts can be held in USD. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.

Samtrade FX bonus and promotions

These are the promotions listed for Samtrade FX:

Samtrade FX no deposit bonus: Samtrade FX does not offer a no deposit bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.

Samtrade FX pros and cons

How to open an Samtrade FX account

1. RegisterClick "Visit Broker" and fill in your name, email, country and password.
2. Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
3. Choose an accountPick the account type, base currency and leverage that suit you.
4. Fund and claim the bonusDeposit from USD 10* and opt in to the promotion if your region qualifies.
5. Start tradingLog in to MT4. Practise first on a free demo account.

Open an Samtrade FX account ↗

Samtrade FX customer support and contact

These are the contact details we have on file for Samtrade FX:

Final verdict: should you trade with Samtrade FX?

Samtrade FX scores 4.1 out of 5 in our review. Its strongest points are its FSA & FINTRAC licence, a very low USD 10* minimum deposit and MT4 trading. Keep in mind: no no-deposit bonus; very high 1:500* leverage greatly increases the risk of loss.

If your main goal is a free no-deposit bonus, Samtrade FX is not the right fit. Compare it with other options on our best forex brokers page before deciding.