S.A.M Trade Review 2023

3.3
Stop United States not accepted.

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S.A.M Trade is an STP/ECN broker with ultra-tight spreads, fund security and trading promotions.

Pros

  • Copy trading
  • Demo account
  • MT4 integration
  • Low minimum deposit
  • Full range of investments

Cons

  • Few payment methods
  • Regulatory concerns
BonusCash Rebates
InstrumentsCFDs, Forex, Indices, Commodities, Futures, Cryptocurrencies
Demo AccountYes
Min. Deposit$10
Payment Methods
Min. Trade0.01 Lots
Regulated ByFSC, ASIC, FINTRAC
MetaTrader 4Yes
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountYes
ECN AccountYes
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexYes
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingNo
TournamentsYes
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingEAs
Social TradingNo
Copy TradingYes
Trade SignalsMT4
Islamic AccountYes
Account Currencies
  • USD
Inactivity Fee$50
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Japan Exchange Group
  • Korean Stock Exchange
  • Nasdaq
  • National Stock Exchange Of India
  • S&P 500
Commodities
  • Gold
  • Natural Gas
  • Oil
  • Silver
CFD TradingHighly leveraged CFD trading is available with ultra-tight spreads.
CFD FTSE Spread50
CFD GBPUSD Spread2.4 - 2.6
CFD Oil Spread5.0 cents
CFD Stocks SpreadNA
CFD Leverage1:1000
Forex TradingTrade currency pairs with on the MT4 platform with ultra-fast executions.
Forex GBPUSD Spread2.4 - 2.6
Forex EURUSD Spread1.7 - 2.0
Forex EURGBP Spread2.4 - 2.7
Forex Assets30
Crypto TradingTake positions on cryptos with crypto-fiat cross pairs.
Crypto SpreadVariable
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • ADA
  • AVE
  • BCH
  • BNB
  • BSV
  • BTC
  • DOT
  • DSH
  • EOS
  • ETH
  • LNK
  • LTC
  • THT
  • TRX
  • UNI
  • VET
  • XLM
  • XMR
  • XRP
  • XTZ
Risk Warning – Your capital is at risk

S.A.M Trade offers leveraged CFDs on a range of markets including forex, indices, commodities, and cryptocurrencies. Day traders can access the MetaTrader 4 (MT4) terminal alongside proprietary tools created by the brokerage including a copy trading platform and a portfolio management system. This review will cover the pros and cons of signing up with S.A.M Trade, as well as deposit and withdrawal methods, pricing, and login security.

Company Details

S.A.M Trade is an online CFD broker, founded in 2015. The brokerage is primarily aimed at Chinese and Southeast Asian traders, though it has 200,000 clients worldwide.

Previously named Samtrade FX, the company rebranded to reflect the fundamentals of the firm; S for synergy, A for adaptability, and M for motivation. Its mission remains the same; to provide traders of all experience levels with secure, easy-to-use, and price-competitive access to the financial markets.

S.A.M Trade is incorporated in Saint Vincent and the Grenadines and is a member of The Financial Commission. The Aussie entity is also registered with the Australian Securities & Investments Commission (ASIC).

Trading Platforms

S.A.M Trade offers MetaTrader 4 (MT4) alongside a proprietary copy trading platform; CopySam™.

The MT4 terminal can be downloaded to Windows, Mac, or Linux devices or used as a web trader. You can access the broker’s automated copy trading platform directly through the client dashboard. We outline the features of both terminals below.

MetaTrader 4

A globally established platform, MT4 offers a wealth of technical analysis features and core trade functions suitable for both beginners and experienced day traders.

S.A.M Trade trading platform
MetaTrader 4

How To Place A Trade

  1. Login to the MT4 web platform or download the software to a desktop device
  2. Find the asset you wish to trade using the drop-down menu (right-hand side) or search bar
  3. Select ‘new order’ or initiate a trade directly from the chart
  4. Input the trade details including volume, order type, and stop loss
  5. Select ‘buy’ or ‘sell’
  6. Confirm the order

CopySam™

CopySam™ is a copy trading terminal providing access to ‘expert’ knowledge. Retail traders can follow and copy the trades of experienced traders, with no prior knowledge of the market or asset classes required.

The platform has been awarded the Collective Investment Platform Certification by the Financial Services Commission.

How To Get Started

  1. Open a live S.A.M Trade account
  2. Spend time researching ‘expert’ investors by viewing their performance history and previous trades
  3. Follow traders that are of interest
  4. Select a trader to copy and enter the amount you wish to invest
  5. The platform will then get to work automatically

Assets & Markets

Retail investors can trade CFDs on the following assets:

Traders can also access futures contracts on popular instruments such as the Volatility Index, 10-year US Bond, US Oil, and the Russell 2000 Mini Index.

Spreads & Fees

All account types, except the ECN profile, offer commission-free investing. The broker does not provide account/instrument-specific spreads, however, average prices are available. The EUR/USD currency pair, for example, is offered at a typical spread of 1.7 to 2 pips. GBP/USD is offered at 2.4 to 2.6 pips. Crude Oil and Natural Gas can be traded with an average spread of 5.0 cents.

The ECN account offers the tightest spreads, however, a $5 commission applies per round lot turn. S.A.M Trade uses an STP/ECN model to offer competitive spreads and direct access to liquidity providers.

Swap charges apply for positions held overnight.

A profit-sharing plan of 10% to 40% applies when using the services of CopySam™.

It is free to open a live trading account with S.A.M. Trade and there are no account management fees.

Leverage

S.A.M. Trade offers leveraged trading opportunities up to 1:1000. However, any requests for leverage over 1:200 must be approved by the brokerage.

All accounts have a 100% margin call level and a 50% stop-out level.

Mobile App Review

When we used S.A.M Trade, we were disappointed to see that the copy trading platform is not available as a mobile-compatible app.

Nonetheless, the MT4 terminal can be used on mobiles and tablets. The application is user-friendly, with all the features and functions found on desktop devices. This includes customizable charts and graphs, asset search navigation, watchlist creation, and more. You can also set handy price notifications and alerts.

S.A.M Trade mobile review
MT4 App

Payment Methods

Deposits

The list of accepted payment methods at S.A.M Trade is short:

The majority of S.A.M Trade live accounts have a minimum deposit of $10. However, the accepted payment methods all require a minimum of $20 or equivalent currency (or USDT 50).

The broker does not charge any fees for deposits, however, third-party charges are the responsibility of investors.

You can deposit money in any currency though you will be liable for currency conversion fees to USD. This will be at the prevailing interbank rate.

Withdrawals

The broker accepts withdrawals from the same deposit methods. A minimum withdrawal amount of $20 or USDT 50 applies.

Processing times are typically between one to four working days for bank transfers and credit/debit cards, but all withdrawals are processed by the broker within 72 hours. Tether payments can be processed in one working day.

Similar to deposits, the broker does not charge withdrawal fees however third-party charges may apply.

S.A.M Trade Demo Account

The broker offers a free demo account with access to flexible leverage and virtual funds. This is ideal for beginners to get comfortable with the trading platform and practice trading risk-free.

The S.A.M Trade demo profile expires after one month.

Deals & Promotions

The broker runs a SamRewards™ program, which rewards retail investors based on trading volumes. You can earn ‘points’ by making your first deposit of $500, trading 1 standard FX lot, or making a successful referral. Points can be exchanged for luxury prizes including electronics.

S.A.M Trade also occasionally offers a ‘Traders’ Challenge’. Clients can win up to $2000 and 1,000 SamPoints based on performance within the allocated month.

Regulation & Licensing

S.A.M. Trade is incorporated in Saint Vincent and the Grenadines under company number 25290 IBC. The broker is also a member of The Financial Commission with a compensation fund of up to €20,000 for disputes or business insolvency. Additionally, day traders are protected under insurance from the WikiFX Assurance Center, with up to $7,000 in compensation.

The brokerage consists of several global entities:

Note, the previous trading entity, Samtrade FX Limited, and its related subsidiaries are not licensed by the Monetary Authority of Singapore (MAS), and have been placed on MAS’ Investor Alert List since July 2021. Suspicions of irregular trading activities without a suitable capital markets license are being investigated.

The broker does not offer services to residents in the USA.

Additional Features

SamTracks™

SamTracks™ is one of the broker’s proprietary tools. The portfolio monitoring system can analyze your trading performance and asset allocations from a simple-to-navigate interface.

It is a complimentary service for all S.A.M Trade live account holders and can be accessed directly via the client portal.

Trading Signals

Day traders can access a small selection of free, third-party technical indicators and signals that can be downloaded to the MT4 terminal. Partners include; The Master FX Free Signal, PIPSFIX Forex Trading Signal, and the Master Naked Chart Free Signal.

These can help indicate the best time to buy or sell a security.

Education

While using S.A.M Trade, we found basic educational resources. The content is not particularly user-friendly, with no step-by-step guides, integrated video content, or imagery.

Materials are aimed at beginners with topics including what is forex trading, what are commodities, and how to use leverage.

There are no learning resources for more advanced investors, though an economic calendar and market news are published on the website.

S.A.M Trade economic calendar
Economic Calendar

Trader’s Club

An exclusive membership program with guidance and market analysis. Hosted by expert trainers, registered clients benefit from the latest market news, fundamental research, and a results-driven approach to trading.

There is a one-off membership fee of $10,000 which provides access to eight sessions (every Friday evening for eight weeks) and one Bootcamp (10 sessions over three weekends).

S.A.M Trade Accounts

Our experts found that S.A.M. Trade offers four account types, suitable for varying levels of experience and tailored to investment goals; Standard, VIP, ECN, and Islamic.

All profiles have a USD account denomination, a minimum order size of 0.01 lots, and a maximum trade size of 100 lots.

Standard Account

VIP Account

ECN Account

Islamic Account

How To Open An Account

  1. Select ‘Open Live Account’ (orange logo, top right of the webpage)
  2. Choose an Individual, Joint or Corporate profile
  3. Complete the online registration form
  4. Select your account within the client area
  5. Make a deposit
  6. Start trading

The broker complies with AML protocols so you will be required to upload identity verification and address details.

Benefits

Drawbacks

Trading Hours

You can view trading sessions by instrument in the Contract Specifications section of the trading platform. This includes Monday 00:00 (GMT +1) to Friday 23:00 (GMT +1) for forex trading. Cryptocurrency can be traded 24 hours a day, seven days a week.

Customer Service

All registered clients benefit from 24/5 customer support. However, contact options are limited. Our experts were only presented with an online contact form or an email address (support@samtradefx.com). It is a shame to see no live chat option or telephone number.

The S.A.M Trade FAQ section on the website is fairly helpful, however. It offers answers to popular questions such as how to implement the 2FA security code to log in, how to deposit and withdraw funds, and the minimum requirements to use the CopySam™ tool.

Security & Safety

When investing with S.A.M. Trade, retail investors can be assured of a secure trading environment. The broker offers segregated client funds and negative balance protection.

The broker also offers two-factor authentication (2FA), implementing PIN verification or one-time passwords for extra login security.

S.A.M Trade Verdict

S.A.M Trade is a decent multi-asset broker with a low minimum deposit and bespoke tools. The choice of trading accounts alongside the copy trading platform will also appeal to beginners. On the downside, the limited selection of payment methods and regulatory concerns may put off some traders.

Accepted Countries

S.A.M Trade accepts traders from Australia, Thailand, Canada, United Kingdom, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use S.A.M Trade from Afghanistan, Belarus, Botswana, Brazil, Burundi, Colombia, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Japan, Liberia, Libya, Mali, Nicaragua, Nigeria, Korea, Pakistan, Somalia, South Africa, Spain, Sudan, Syria, Togo, Ukraine, United States, Venezuela, Yemen, Zimbabwe.

Compare S.A.M Trade

Compare S.A.M Trade with similar brokers that accept traders from your location. Among available brokers these are the most similar to S.A.M Trade:

  1. Kwakol Markets – Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
  2. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  3. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  4. ForexChief – ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.

S.A.M Trade Comparison Table

Compare S.A.M Trade With Similar Brokers
S.A.M Trade Kwakol Markets InstaForex World Forex ForexChief
Rating 3.3 2.4 4.1 4 3.3
Markets CFDs, Forex, Indices, Commodities, Futures, Cryptocurrencies CFDs, Stocks, Indices, Commodities, Forex, Cryptos Forex, shares, indices, metals, oil and gas, futures, cryptos, binary options Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $10 $1 $/€1 $1 $10
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots 0.01 lots
Regulators FSC, ASIC, FINTRAC ASIC, FINTRAC BVI FSC SVGFSA VFSC
Bonus Cash Rebates 30% – 100% Welcome Bonus 100% Deposit Bonus $100 no deposit
Education No No No No No
Platforms MT4 MT4, MT5 MT4, MT5 MT4, MT5 MT4, MT5
Leverage 1:1000 1:1000 1:1000 1:1000 1:1,000
Payment Methods 5 4 9 10 9
Visit
Review S.A.M Trade
Review
Kwakol Markets
Review
InstaForex
Review
World Forex
Review
ForexChief
Review

Compare Trading Instruments

Compare the markets and instruments offered by S.A.M Trade and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare S.A.M Trade Trading Instruments
S.A.M Trade Kwakol Markets InstaForex World Forex ForexChief
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes No
Gold Yes Yes Yes Yes Yes
Copper No Yes Yes No No
Silver Yes Yes Yes Yes Yes
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures Yes No Yes No No
Options No No No No No
ETFs No No Yes No No
Bonds No No No No No
Warrants No No No No No
Spreadbetting No No No No No
Volatility Index Yes No No No No

S.A.M Trade vs Other Brokers

Compare S.A.M Trade with any other broker by selecting the other broker below.

S.A.M Trade vs

FAQ

What Is The Minimum Deposit For A S.A.M Trade Live Account?

S.A.M Trade minimum deposit requirements start from $10 for the Standard, VIP, and Islamic trading accounts. The ECN profile has a minimum funding requirement of $100.

What Leverage Does S.A.M Trade Offer?

S.A.M Trade offers leverage up to 1:1000. This is flexible and can be amended within the client area. Note, leverage above 1:200 must be approved by the online broker.

What Payment Methods Does S.A.M Trade Offer?

Deposits to a S.A.M Trade account can be made through debit/credit cards (VISA & Mastercard), bank wire transfers, and Tether (USDT).

What Trading Platforms Does S.A.M Trade Offer?

S.A.M Trade offers retail clients MetaTrader 4. However, a proprietary copy trading platform is also available to retail investors; CopySam™.

Does S.A.M Trade Accept Residents Of The USA?

S.A.M Trade services are not provided to residents of the USA. Other restricted jurisdictions include Canada, Japan, South Africa, Spain, and Zimbabwe.

S.A.M Trade is an STP/ECN broker with ultra-tight spreads, fund security and trading promotions.