S.A.M Trade Review 2024

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Written By
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Written By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
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Fact Checked By
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

3.3 / 5
S.A.M Trade is #108 in our CFD broker rankings.

We found that S.A.M Trade is best for those seeking extensive and efficient automation solutions for a broad range of forex products.

- Tobias Robinson, Reviewer

S.A.M Trade is an STP/ECN broker that was established in 2015. The firm provides an impressive range of features and accounts to adapt to different needs, whilst its several rewards and bonus programmes will motivate traders of all levels. The company has used this ethos to obtain more than 200,000 clients and regulation from the ASIC.

CFDs, Forex, Indices, Commodities, Futures, Cryptocurrencies
Cash Rebates
Wire Transfer, Visa, Mastercard, Debit Card, Credit Card

Forex Trading

S.A.M Trade offers 30 currency pairs and we found that all majors and most minors are offered via both STP and ECN execution systems. You can trade currency pairs on the MT4 platform with powerful charting and analysis tools.

Stock Trading

S.A.M Trade does not offer any company shares, restricting the firm's competitiveness against the many other brokers that offer hundreds or thousands of shares. However, you can speculate on 17 major indices.

CFD Trading

S.A.M Trade offers a limited selection of 70 CFD products, with only two commodities and zero shares. However, we were impressed to see 17 of the world's most popular indices and leverage up to 1:500.

Crypto Trading

S.A.M Trade supports cryptocurrencies more than most brokers we see. Traders can access 20 different DeFi instruments, including crypto-crypto pairs and crypto-fiat pairs.

Copy Trading

The CopySam™ system offers straightforward copy trading across accounts with 10% to 40% profit sharing and a $100 minimum investment.

✓ Pros

  • In-person training course and tips from S.A.M Trade experts
  • Tier-based rewards program based on trading volumes
  • Proprietary copy trading terminal and analysis tools
  • MetaTrader 4 integration
  • Islamic account available
  • Low minimum deposit

✗ Cons

  • Limited deposit and withdrawal methods
  • No live chat or telephone support
  • Basic educational resources
  • No proprietary mobile app
  • Regulatory issues

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™ 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.


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


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.


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™ 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.


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.

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.


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.

Top 3 Alternatives to S.A.M Trade

Compare S.A.M Trade with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

    Forex trading involves risk. Losses can exceed deposits.
  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

  3. DNA Markets – DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 800+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

S.A.M Trade Comparison Table

Compare S.A.M Trade With Similar Brokers
S.A.M Trade IG Interactive Brokers DNA Markets
Rating 3.3 4.4 4.3 3.5
Markets CFDs, Forex, Indices, Commodities, Futures, Cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies CFDs, Forex, Indices, Commodities, Stocks, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $10 $0 $0 $100
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Bonus Cash Rebates
Education No Yes Yes No
Platforms MT4 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:1000 1:30 (Retail), 1:250 (Pro) 1:50 1:500
Payment Methods 5 6 6 10
Visit Visit Visit Visit
Review IG
Interactive Brokers
DNA Markets

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 IG Interactive Brokers DNA Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes No Yes
Gold Yes Yes Yes Yes
Copper No Yes No Yes
Silver Yes Yes No Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index Yes Yes No Yes

S.A.M Trade vs Other Brokers

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S.A.M Trade is an STP/ECN broker that was established in 2015. The firm provides an impressive range of features and accounts to adapt to different needs, whilst its several rewards and bonus programmes will motivate traders of all levels. The company has used this ethos to obtain more than 200,000 clients and regulation from the ASIC.