S.A.M. Trade Broker Review (Samtrade FX) 2025

Samtrade offers no-commission trading accounts with floating spreads from 1.7 pips. The broker requires a minimum deposit of $10, and offers leverage options of up to 1:1000. S.A.M. Trade (Asia) Pte Ltd is publicly traded on the OTC Markets in the USA with the symbol “SMFX”.

S.A.M. Trade is a broker with over 300,000 clients across 8 countries

Samtrade; Company and Regulation

S.A.M. Trade (formerly known as Samtrade FX) was established in 2015 on the fundamentals of 3 pillars: Synergy, Adaptability, and Motivation.

The company previously operated with two main legal entities in Australia and Saint Vincent and the Grenadines.

However, the Australian company, which was licensed by the ASIC, was deregistered on 16^th July, 2024. Therefore, Samtrade now operates only through its legal entity in Saint Vincent and the Grenadines with two main regulatory licenses, including:

• The Financial Commission (FinaCom)
• The Financial Transactions and Reports Analysis Center of Canada (FINTRAC), with registration number “M19977589”

It's important to note that Samtrade previously came under scrutiny from Singapore's authorities in 2022.

The Monetary Authority of Singapore (MAS) and the Singapore Police Force had launched an investigation into the company.

The probe related to suspicions of "irregular trading activities" on the platform, leading to three arrests.

The investigation raises questions about the Forex broker's operations and compliance with local regulations.

Samtrade FX Specific Details

S.A.M. Trade is an ECN/STP brokerage company offering Forex, CFDs, and Futures with EUR/USD spreads from 1.7 pips. Let’s take a quick look at the broker’s offerings.

S.A.M. Trade Account Offerings

Samtrade understands that one size doesn't fit all regarding trading accounts. It offers a range of account types to cater to different trading styles and experience levels.

Leverage can reach up to 1:1000 depending on account type. All accounts are MT4-compatible and provide swap-free Islamic options.

Samtrade Pros and Cons

S.A.M. Trade is an award-winning brokerage company led by CEO Sam Goh.

However, it has some weaknesses, too. Let's weigh Samtrade's advantages against its disadvantages to have a balanced view. 

Samtrade Registration and KYC Verification

The Samtrade registration is a multi-layered process that takes about 10 minutes and includes full KYC, wealth assessment, and 2FA activation via Google Authenticator. The broker supports global clients and follows AML/CFT compliance protocols.

#1 Access the Registration Page

Go to the Samtrade homepage, click “Open Live Account”, select your jurisdiction (e.g., St. Vincent and the Grenadines), and proceed to the form.

#2 Enter Personal & Contact Details

Choose account type (Individual), then enter:

• Username, password
• Full name, nationality, ID number
• Date/place of birth, gender
• Residential address, country, postal code
• Email and mobile phone number

#3 Trading Setup & Employment Info

Select leverage, confirm U.S. citizenship status, and provide:

• Employment status
• Company name, address, and years of service

#4 Fill in the Financial Questionnaire

Disclose trading objectives and experience, and declare:

• Annual income, investment funds, and source of money
• PEP status, accredited investor declaration

#5 Complete the KYC Verification

To fully unlock the platform's features, you must upload supporting documents, including:

• Proof of ID: Passport or Driving license
• Proof of Address: Utility bill or Bank statement

Note: You need to provide documents translated into English.

#6 Activate via Google Authenticator

Use the Google Authenticator app to scan the QR code or enter the secret key manually, then input the 6-digit code to activate your trading account securely.

Note: You must be at least 18 years old to be able to open an account.

Samtrade FX Trading Platforms

The company offers two primary trading platforms, catering to different trader preferences and styles, including the robust MetaTrader 4 and the proprietary copy trading platform CopySam.

While the CopySam application is not listed on any reputable app stores, and even the broker doesn’t provide any download links for it, here are the links to download MT4 mobile.

• MT4 Android
• MT4 iOS

Clients also benefit from VPS hosting, Autochartist integration, and signal services.

TradingFinder has developed various advanced MT4 indicators that you can use for free.

Samtrade Fees and Commission

S.A.M. Trade’s main source of income is spread. Having no commissions on the Standard, Islamic, and VIP accounts, the broker charges higher spreads than average.

However, the ECN account that comes with a $5 commission, has the tightest spreads that the broker offers. Typical spreads on some of the most popular instruments:

Samtrade FX Withdrawal/Deposit Methods

We must discuss payment options in this S.A.M. Trade review. The company offers only three methods for funding accounts and withdrawing money, including Bank Wire, Cryptocurrency, and cards.

Here are the deposit & withdrawal methods, their limits, and processing time:

Samtrade Copy Trading Service

CopySam is Samtrade's proprietary copy trading platform, designed to allow traders to follow and automatically replicate the trades of successful investors.

The Financial Commission has approved CopySam and has issued the “Collective Investment Platform Certification” for it. Key features of CopySam:

• Easy-to-use interface for selecting traders to copy
• Real-time performance tracking of copied traders
• Minimum deposit of $100
• Option to manually close copied trades
• Detailed statistics and historical performance data

Samtrade Trading Assets

Samtrade FX offers 80+ instruments across five different asset classes, from the Forex market to digital assets and the Futures market. Here’s a list of the most popular instruments available on the platform.

• Forex: 30+ major, minor, and exotic currency pairs with leverage up to 1:1000
• Indices: 17 of the most popular indices, including ASX200, GER30, FTSE100, and NAS100
• Commodities: CFDs on Gold, Silver, WTI, Brent, and Natural Gas with leverage up to 1:100
• Futures: Future contracts on 10 symbols, such as Volatility Index, India Nifty 50, KOSPI 200, and Dollar Index
• Crypto: CFDs on the most popular cryptocurrencies, including BTC, BCH, UNI, XRP, LTC, TRX, and BNB with leverage up to 1:5

This multi-asset range supports diversified trading strategies.

S.A.M Trade Broker Promotional Programs

Samtrade FX offers several promotional programs, from traditional deposit bonuses to an Affiliate program, to attract and retain traders.

• Bonus Accounts: Enjoy two account types with $33 or $88 extra funds;
• SamRewards: Earn SamPoints based on your trading activities and receive special gifts;
• Affiliate: Refer new friends and earn up to 100 SamPoints per referral;
• Traders’ Challenge: Participate in trading contests with a $2,000 prize in addition to 1,000 SamPoints.

How to Reach Samtrade Support?

The broker offers 24/5 support through two main channels, including email and a dedicated ticket system.

Samtrade FX offers multilingual support (English, Mandarin, Malay) through live chat, email, and phone. While the broker faced scrutiny in 2022, user reviews continue to highlight its intuitive platform and responsive service.

Samtrade FX Restricted Countries

The company, while operating globally, does have restrictions on accepting clients from certain countries.

The limitation is often due to regulatory requirements or company policies. S.A.M. Trade Red Flag Countries:

• Afghanistan
• Belarus
• Botswana
• Brazil
• Burundi
• Colombia
• Congo
• Cuba
• Egypt
• Guinea
• Guinea-Bissau
• Iran
• Iraq
• Japan
• Lebanon
• Liberia
• Libyan Arab Jamahiriya
• Mali
• Nicaragua
• Nigeria
• North Korea
• Pakistan
• Somalia
• Somali Republic
• South Africa
• Spain
• Sudan
• Syrian Arab Republic
• Singapore
• Togo
• Ukraine
• United States of America
• Venezuela
• Yemen
• Zimbabwe

Samtrade Trust Score

User satisfaction is one of the most important topics in this S.A.M Trade review. The broker doesn’t have profiles on reputable websites like TrustPilot and Reviews.io.

The Samtrade Forex Peace Army profilehas a score of 2.7 out of 5 based on 3 reviews. While the score may not be indicative about the broker’s reliability, the lack of licensing from top-tier regulators and the MAS probe into the company indicate that users should exercise caution.

S.A.M. Trade Educational Content

Samtrade FX provides educational support through a blog, trading academy, video lessons, and daily market analysis. The content suits both beginner and experienced traders seeking structured learning.

• Learn to Trade articles
• Economic calendar
• Trade signals
• 8 weekly sessions in Trader’s Club with a 10,000 membership fee

S.A.M. Trade vs Other Brokers

Let's compare S.A.M. Trade services and offerings with other popular forex brokers:

Conclusion and Final Words

Samtrade provides an exclusive award-winning copy trading platform, CopySam, with a minimum deposit requirement of $100. The broker also utilizes the robust MT4 for trading services on 80+ instruments across five different asset classes.

Samtrade FX’s ASIC license was revoked and its legal entity in Australia was deregistered. It was under probe for suspicious activities by Monetary Authority of Singapore (MAS) in 2022.