Samtrade FX Journal
| Journal status: live Samtrade FX joined in | not yet |
Samtrade FX Profile
Website
Year
2019
Country
SVG
Branches
8
Regulation
not regulated
Registration
FSA SVG, FINTRAC Canada, Financialcommission.org
Investor protection
Fund protection
Financialcommission.org, Falcon Insurance
Publicly traded
OTC:SMFX
Restricted in
Not serving
х Afghanistan, Belarus, Botswana, Brazil, Burundi, Colombia, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Iraq, Japan, Lebanon, Liberia, Libya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Somalia, South Africa, Spain, Sudan, Syria, Togo, US, Ukraine, Venezuela, Yemen, Zimbabwe
Broker type
STP, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
5
LPs quality
Tier-1 Banks
LPs names
Barclays, Credit Suisse, Goldman Sachs, JPMorgan, UBS
Samtrade FX Accounts
STP
ECN
Minimum Deposit
10 $
100000 $
Leverage
500 : 1
200 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.7 pips
1.7 pips
Commission
0 $/lotRT
0 $/lotRT
Volume
100 lots
100 lots
Margin Call
100 %
100 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Tether
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after ... months
| Update broker |
- Full listing profile: Samtrade FX broker profile
Is Samtrade FX safe?
- Investor protection: Financialcommission.org, Falcon Insurance
- Regulation: not regulated
- Registration: FSA SVG, FINTRAC Canada, Financialcommission.org
- Publicly traded: OTC:SMFX
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Samtrade FX trusted?
- Information transparency: limited
★★ - Customer service: ...
- Samtrade FX website: highly detailed, updated
★★★★★ - Samtrade FX popularity (by visitor count): average
★★★
How Samtrade FX works
At Samtrade FX there's never a conflict of interest between us and our clients. As a STP/ECN brokerage, clients trades are passed on straight to our liquidity providers; we make only a marginal profit on commissions, which stems from traded volume.
The STP/ECN model is favored by many traders, as firms operating in the STP/ECN model are often able to offer more competitive spreads. STP/ECN brokerages pass many trades on to the liquidity providers who are able to offer very tight spreads due to the huge volumes they are dealing in, meaning under standard market conditions spreads tend to be much tighter.
https://www.samtradefx.com/business-model
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