Company DetailsTrading PlatformsMetaTrader 4CopySam™Assets & MarketsSpreads & FeesLeverageMobile App ReviewPayment MethodsDepositsWithdrawalsS.A.M Trade Demo AccountDeals & PromotionsRegulation & LicensingAdditional FeaturesSamTracks™Trading SignalsEducationTrader’s ClubS.A.M Trade AccountsStandard AccountVIP AccountECN AccountIslamic AccountBenefitsDrawbacksTrading HoursCustomer ServiceSecurity & SafetyS.A.M Trade VerdictAccepted CountriesCompare S.A.M TradeS.A.M Trade Comparison TableCompare Trading InstrumentsS.A.M Trade vs Other BrokersFAQWhat Is The Minimum Deposit For A S.A.M Trade Live Account?What Leverage Does S.A.M Trade Offer?What Payment Methods Does S.A.M Trade Offer?What Trading Platforms Does S.A.M Trade Offer?Does S.A.M Trade Accept Residents Of The USA?
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.
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).
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.
A globally established platform, MT4 offers a wealth of technical analysis features and core trade functions suitable for both beginners and experienced day traders.
Fully customizable charts
30 built-in technical indicators
Four pending order types and three execution modes
Expert Advisors and the functionality to build your own algorithms
How To Place A Trade
Login to the MT4 web platform or download the software to a desktop device
Find the asset you wish to trade using the drop-down menu (right-hand side) or search bar
Select ‘new order’ or initiate a trade directly from the chart
Input the trade details including volume, order type, and stop loss
Select ‘buy’ or ‘sell’
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.
$100 minimum investment
No maximum investment
Start or stop copying at any time
Profit sharing of 10% to 40%
Leverage between 1:10 to 1:500
View the performance of master traders including their profitability, strategy, and preferred asset class
How To Get Started
Open a live S.A.M Trade account
Spend time researching ‘expert’ investors by viewing their performance history and previous trades
Follow traders that are of interest
Select a trader to copy and enter the amount you wish to invest
The platform will then get to work automatically
Assets & Markets
Retail investors can trade CFDs on the following assets:
Commodities – Trade two spot metals and three energies including Gold, Silver, and Natural Gas
Indices – Speculate on 17 of the world’s largest stock indices such as the FTSE 100 and Dow Jones 30
Currency Pairs – Trade 30+ major and minor forex pairs including EUR/GBP, GBP/USD, and USD/CAD
Cryptocurrencies – Open crypto positions across 20 digital currency USD crosses including BTC/USD, DASH/USD, ETH/USD, XRP/USD
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.
1:25 leverage ratio, 4% margin requirement
1:50 leverage ratio, 2% margin requirement
1:75 leverage ratio, 1.33% margin requirement
1:100 leverage ratio, 1% margin requirement
1:150 leverage ratio, 0.67% margin requirement
1:200 leverage ratio, 0.5% margin requirement
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.
The list of accepted payment methods at S.A.M Trade is short:
Tether (USDT) – Up to one working day
Bank Wire Transfer – One to four working days
Visa & Mastercard Credit & Debit Cards – Within one hour during weekdays
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:
S.A.M. Trade (Asia) Pte Ltd – Publicly traded on the OTC Markets in the USA
S.A.M. Trade – Regulated by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) under the Money Services Business (MSB), registration number M19977589
S.A.M. Financial Group (Australia) Pty Ltd – Regulated by the Australian Securities & Investments Commission (ASIC), ASFL license number 338674
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.
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.
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.
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.
Daily trade call
$10 minimum deposit
Leverage up to 1:1000
Standard floating spreads
Daily trade call
Priority 24/5 support
Tight floating spreads
$10 minimum deposit
Leverage up to 1:1000
Daily trade call
Priority 24/5 support
Leverage up to 1:200
$100 minimum deposit
Daily trade call
Leverage up to 1:500
$10 minimum deposit
Standard floating spreads
How To Open An Account
Select ‘Open Live Account’ (orange logo, top right of the webpage)
Choose an Individual, Joint or Corporate profile
Complete the online registration form
Select your account within the client area
Make a deposit
The broker complies with AML protocols so you will be required to upload identity verification and address details.
Low minimum deposit
Proprietary copy trading terminal and analysis tools
Tier-based rewards program based on trading volumes
In-person training course and tips from S.A.M Trade experts
No proprietary mobile app
Basic educational resources
No live chat or telephone support
Limited deposit & withdrawal methods
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.
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 (email@example.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.
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:
FXOpen – FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.
SuperForex – SuperForex is an European-based forex and derivatives broker with currency pairs, commodities, cryptos, stocks and indices. The online broker also offers welcome bonuses and trading contests.
JustMarkets – With ultra-low spreads, copy trading services, MetaTrader tools and 170+ trading instruments, JustMarkets has a lot to offer new clients.
TMGM – TMGM is a competitive forex and CFD broker with a wide range of instruments, features and tools provided at low-cost.
S.A.M Trade Comparison Table
|Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto|
|0.01 Lots||0.01 Lot||0.01 lots||0.01 lots||0.01 lots|
|FSC, ASIC, FINTRAC||FCA, CySEC, ASIC||IFSC||FSA, CySEC, VFSC||ASIC, FMA, VFSC|
|Cash Rebates||–||50% Welcome Deposit Bonus||120% deposit bonus, $30 welcome bonus||Point-based loyalty system|
|MT4||MT4, MT5||MT4||MT4, MT5||MT4, MT5|
|1:1000||1:30 – 1:500 (varies by trading entity)||1:3000||1:3000||1:500|
|–||S.A.M Trade vs FXOpen||S.A.M Trade vs SuperForex||S.A.M Trade vs JustMarkets||S.A.M Trade vs TMGM|
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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.