S.A.M. FX Review 2025: Unsafe Choice

Overview

S.A.M. trade FX, established in 2015, is an online forex and CFD broker that has undergone significant regulatory changes. Most notably, the broker's Australian Securities and Investments Commission (ASIC) license was revoked in 2024, fundamentally altering its regulatory status and risk profile. The company now operates primarily as an offshore entity registered in St. Vincent and the Grenadines, with additional registration as a Money Services Business in Canada.

The broker offers access to forex, CFDs, commodities, and cryptocurrencies through the MetaTrader 4 platform and claims to offer a proprietary CopySam social trading platform, though access to the latter appears limited. While Samtrade FX maintains low minimum deposit requirements and high leverage options, the loss of tier-1 regulation raises serious concerns about fund safety and operational integrity.

Traders can find further details on account specifications, trading instruments, platforms, promotions and FAQs on S.A.M. Trade's official website. As with all online brokers, conducting thorough due diligence on costs and comparing offerings is recommended before signing up.

Overview Table

Attribute	Details
Broker Name	Samtrade FX (S.A.M. Trade)
Founded	2015
Regulatory Status	SVG FSA (registration only), FINTRAC MSB
ASIC Status	License REVOKED (2024)
Minimum Deposit	$10 USD
Maximum Leverage	Up to 1:1000
Spreads	From 1.7 pips (EUR/USD)
Trading Platforms	MetaTrader 4, CopySam (limited access)
Account Types	Standard, VIP, ECN, Islamic
Base Currencies	USD
Customer Support	24/5 (email, contact form)
Negative Balance Protection	Claimed (unverified)

Facts List

1. Critical: ASIC license revoked in 2024, removing tier-1 regulatory oversight
2. Currently operates under SVG FSA registration (not regulation) and Canadian MSB status
3. No meaningful investor protection or compensation schemes available
4. Established in 2015, claiming 10 years of operation
5. Offers 30+ forex pairs, indices, commodities, futures, and cryptocurrencies
6. Minimum deposit of $10 for most account types
7. Maximum leverage of 1:1000 available (no regulatory limits)
8. Inactivity fee of $50 charged after 3 months
9. No phone support available
10. Prohibited in multiple countries including USA, Japan, and Israel

S.A.M. Trade Licenses and Regulatory

Current Status: UNREGULATED

SVG FSA Registration: St. Vincent and the Grenadines Financial Services Authority provides business registration only - this is NOT financial regulation and offers zero investor protection.

FINTRAC MSB Registration: Registration Number M19977589 - This Canadian registration only covers anti-money laundering compliance, not trading operations or investor protection.

ASIC License - REVOKED: The Australian Securities and Investments Commission revoked Samtrade FX's license in 2024. This is extremely serious as ASIC only takes such action for significant compliance failures or misconduct.

Trading Instruments

Samtrade FX claims to offer various trading instruments, though without regulatory oversight, these offerings cannot be independently verified:

Category	Number of Assets	Leverage	Trading Hours	Minimum Trade Size
Forex	30+ pairs	Up to 1:1000	24/5	0.01 lots
Indices	Various	Up to 1:200	Market hours	0.01 lots
Commodities	5-10	Up to 1:500	24/5	0.01 lots
Cryptocurrencies	4+	Up to 1:5	24/7	0.01 lots
Futures	Various	Varies	Market hours	0.01 lots

 

Trading Platforms

MetaTrader 4 (MT4): The primary platform offered, available on desktop, web, and mobile. Standard MT4 features include charting tools, indicators, and Expert Advisors.

CopySam Platform: Advertised as proprietary social trading platform but has "limited access" issues. Availability appears restricted and may not function as advertised.

Trading Platform Comparison Table

Feature	MetaTrader 4	CopySam
Availability	Full access	Limited/Restricted
Platform Type	Desktop, Web, Mobile	Web (claimed)
Automated Trading	Yes (EAs)	Copy trading (if accessible)
Technical Indicators	30+	Unknown
Minimum Investment	$10	$100 (claimed)
Reliability	Industry standard	Questionable

 

S.A.M. Trade How to Open an Account: A Step-by-Step Guide

WARNING: Given the revoked ASIC license and lack of regulation, opening an account is NOT recommended.

Step 1: Visit the S.A.M. Trade website Go to the official S.A.M. Trade website at samtradefx.com. Click on the "Open Live Account" button on the homepage.

Step 2: Choose your account type Select the type of account you wish to open from the available options - Standard, VIP, ECN, or Islamic. Each account type has different features and minimum deposit requirements, so choose the one that best suits your needs.

Step 3: Fill out the registration form Complete the online registration form with your personal details, including your full name, email address, phone number, country of residence, and date of birth. You'll also need to create a secure password for your account.

Step 4: Verify your identity To comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, you'll need to provide proof of identity and address. This typically involves uploading a copy of your government-issued ID (such as a passport or driver's license) and a recent utility bill or bank statement.

Step 5: Fund your account Once your account is verified, you can make your initial deposit. S.A.M. Trade accepts several payment methods, including:

• Bank Wire Transfer (1-4 business days)
• Credit/Debit Card (instant)
• Tether (USDT) cryptocurrency (up to 1 business day)

The minimum deposit is $10 for Standard, VIP, and Islamic accounts, and $100 for ECN accounts.

Step 6: Download the trading platform After your deposit is processed, you can download the MetaTrader 4 (MT4) trading platform or access the web-based CopySam platform, depending on your preference. Log in using your account credentials and start trading.

Charts and Analysis

S.A.M. Trade provides a range of tools and resources to help clients analyze the markets and make informed trading decisions. The broker's offerings include:

Feature	Description
MetaTrader 4 (MT4) Platform	A robust trading platform for clients at all levels, equipped with powerful charting and analysis tools. It includes: - 30+ built-in technical indicators (e.g., Moving Averages, MACD, RSI, Stochastic)- 24 analytical objects (lines, channels, Fibonacci tools, shapes, etc.)- 9 timeframes (from 1 minute to 1 month)- 3 chart types (bars, candles, line)- Customizable templates and profiles
Economic Calendar	A free, real-time economic calendar that keeps clients informed of key market events. It provides: - Date, time, and currency of the event- Event name and level of importance- Previous, forecasted, and actual figures (when applicable)- Color-coded volatility indicators
Trader's Club	An exclusive, paid membership program offering in-depth market analysis and insights. Benefits include: - Daily market analysis and trading ideas from professional analysts- Live trading rooms with expert traders- Educational webinars and workshops- One-on-one coaching sessions- Downloadable trading guides and e-books

The Trader's Club is designed to help clients take their trading knowledge and skills to the next level, with personalized support and guidance from experienced professionals.

S.A.M. Trade Account Types

Four account types are advertised, though terms cannot be independently verified:

• Standard Account: $10 minimum, 1.7 pip spreads
• VIP Account: $10 minimum, tighter spreads claimed
• ECN Account: $100 minimum, raw spreads plus commission
• Islamic Account: $10 minimum, swap-free

Account Types Comparison Table

Feature	Standard	VIP	ECN	Islamic
Minimum Deposit	$10	$10	$100	$10
Maximum Leverage	1:1000	1:1000	1:200	1:500
Spreads	From 1.7 pips	"Tighter"	From 0 pips	Floating
Commission	None	None	$5/lot RT	None
Swap-Free	No	No	No	Yes
Account Manager	No	Claimed	No	No
Minimum Trade	0.01 lots	0.01 lots	0.01 lots	0.01 lots

 

Negative Balance Protection

Samtrade FX claims to offer negative balance protection, but without regulatory oversight, this cannot be verified or enforced. In regulated jurisdictions, this protection is mandatory and guaranteed by the regulator. With Samtrade FX's current status, any such protection is purely at the broker's discretion.

S.A.M. Trade Deposits and Withdrawals

Warning: Without regulation, there's no guarantee of fund return.

Deposit Methods

Traders can fund their S.A.M. Trade accounts using the following methods:

Deposit Method	Minimum Deposit	Processing Time	Fees
Bank Wire Transfer	$20	1-4 business days	No fees charged by S.A.M. Trade; banks may charge for outgoing transfers
Credit/Debit Card (Visa, Mastercard)	$20	Instant	No fees charged by S.A.M. Trade; card issuers may charge for transactions
Tether (USDT)	USDT 50	Up to 1 business day	No fees charged by S.A.M. Trade; blockchain network fees may apply

Withdrawal Methods

S.A.M. Trade supports the following withdrawal methods:

Withdrawal Method	Minimum Withdrawal	Processing Time	Fees
Bank Wire Transfer	$20	1-4 business days	No fees by S.A.M. Trade (banks may charge)
Credit/Debit Card	$20	1-4 business days	No fees by S.A.M. Trade (card issuers may charge)
Tether (USDT)	USDT 50	Up to 1 business day	No fees by S.A.M. Trade (blockchain fees may apply)

 

Support Service for Customer

Customer support is limited and inadequate for an unregulated broker:

• Email: support@samtradefx.com
• Contact Form: Website only
• Phone: NOT available
• Live Chat: Limited availability for registered clients
• Languages: Multiple claimed

Customer Support Availability Table

Day	Hours	Channels Available
Monday-Friday	24 hours	Email, Contact Form
Saturday	Closed	None
Sunday	Closed	None
Response Time	24-48 hours	All channels

 

Prohibited Countries

Samtrade FX does not accept clients from:

Afghanistan, Belarus, Botswana, Brazil, Burundi, Colombia, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Israel, Iraq, Japan, Lebanon, Liberia, Libya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Somalia, South Africa, Spain, Sudan, Syria, Togo, Ukraine, United States, Venezuela, Yemen, Zimbabwe

Special Offers for Customers

• SamRewards Program: Points-based system (unverified benefits)
• Traders' Challenge: Competition with prizes (irregular)
• Refer-a-Friend: Referral bonuses (terms unclear)
• Trader's Club: $10,000 membership fee (poor value)

Conclusion

Samtrade FX represents a textbook case of regulatory deterioration in the forex industry, having fallen from ASIC-regulated status to operating as an essentially unregulated offshore entity following license revocation in 2024. This catastrophic regulatory failure eliminates any legitimate reason to trade with this broker, as the absence of tier-1 oversight means zero protection for client funds, no recourse in disputes, and no verification of claimed trading conditions or practices. While the broker maintains operations with SVG registration and Canadian MSB status, these provide no meaningful investor protection or regulatory oversight of trading activities. The combination of revoked ASIC license, limited customer support without phone service, restricted platform access, and unverifiable claims about spreads and execution creates an environment of extreme risk where traders' entire capital is vulnerable. Despite advertising low minimum deposits and high leverage, these apparent benefits are meaningless without the fundamental security that proper regulation provides. Any trader considering Samtrade FX should instead choose properly regulated alternatives with active ASIC, FCA, or CySEC licenses that can be independently verified. The stark reality is that Samtrade FX has transitioned from a regulated broker to an offshore operation that poses unacceptable risks to anyone who values their trading capital and financial security.

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S.A.M. Trade FAQs

About the Author

Arash Doostelahi

Arash Doostelahi is a dynamic content writer and online course creator based in Tehran, Iran, with expertise in content strategy, instructional design, and digital storytelling. Leveraging a blend of creativity and technical skills, Arash delivers...

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