Overall, S.A.M Trade Review can be summarised as a trustworthy and well-regarded entity within the online financial trading arena. This broker has a global presence in crucial financial hubs like Australia and The Grenadines.      

S.A.M. Trade Review – Analysis of Broker’s Main Features

 

1. ☑️Overview
2. ☑️Detailed Summary
3. ☑️Security Measures
4. ☑️Account Types
5. ☑️How to Open a S.A.M Trade Account
6. ☑️Platforms and Software
7. ☑️Fees, Spreads and Commission
8. ☑️Which Markets can you Trade with S.A.M Trade?
9. ☑️Leverage and Margin
10. ☑️Deposits and Withdrawals
11. ☑️Educational Resouces
12. ☑️Pros and Cons
13. ☑️In Conclusion
14. ☑️Frequently Asked Questions

 

Overview

  Overall, S.A.M. Trade Review is a FINTRAC and ASIC-regulated forex broker with a range of trading assets, copy, and crypto trading. They are a low-risk – medium trust broker praised for its multilingual customer support.  

Does S.A.M. Trade offer incentives to its clients?

Yes, they offer referral benefits, SamRewards™, and Trader’s Challenge to enhance customers’ trading experience and encourage participation.  

How many languages does S.A.M. Trade’s website support?

Their website is available in various languages, including English, Chinese, Malay, Indonesian, Vietnamese, Thai, Arabic, French, and Filipino, serving worldwide clientele.    

Detailed Summary

  This broker, founded in 2015, aims to provide personalized solutions in the foreign exchange market. The company provides cutting-edge platforms and solutions, ensuring flawless execution, extensive charting tools, and real-time market data.   This broker’s dedication to technology fosters an environment conducive to sound decision-making. The company has grown steadily across Europe, Southeast Asia, and Greater China, demonstrating its commitment to customer satisfaction.   They have licenses from respected agencies, providing traders peace of mind in a safe and well-regulated environment. Today, they are a reliable forex supplier known for its excellent service and understanding of its customers’ needs.  

At a Glance

 

Does S.A.M. Trade offer incentives to its clients?

Yes, they offer referral benefits, SamRewards™, and Trader’s Challenge to enhance customers’ trading experience and encourage participation.  

How many languages does S.A.M. Trade’s website support?

Their website is available in various languages, including English, Chinese, Malay, Indonesian, Vietnamese, Thai, Arabic, French, and Filipino, serving worldwide clientele.    

Security Measures

  The Broker prioritizes customer fund protection through segregated client funds, professional indemnity insurance, third-party insurance, financial commission membership, and Negative Balance Protection.   They also offer professional indemnity insurance, third-party insurance, dispute settlement membership, and Negative Balance Protection to ensure clients do not lose more than their deposit amount. SamAide™ services provide security pillars for a safe trading environment.  

What extra security measures does S.A.M. Trade provide?

They offer third-party insurance, dispute resolution membership, and Negative Balance Protection, which protects customers from possible losses exceeding their deposit amount.  

Is S.A.M. Trade a member of any regulatory organizations?

Yes, they are regulated by ASIC and FINTRAC, confirming its commitment to upholding industry standards and offering a secure trading environment for customers.    

Account Types

 

Standard Account

  The Standard Account is a comprehensive forex and CFD trading platform with competitive spreads and a high leverage option of up to 1:1000.   It operates on a floating spread model and has no commission fees. Clients enjoy negative balance protection and round-the-clock support services, including technical assistance and daily trade calls, to help with decision-making.    

VIP Account

  The VIP Account is designed for experienced traders, offering reduced spreads and high leverage up to 1:1000. It provides a dedicated trading experience with floating spreads and no commission fees.   Traders can expect negative balance protection and access to personalized account assistance and daily trading insights, available round the clock, five days a week.    

ECN Account

  The ECN Account offers competitive spreads, cost efficiency, and fast transactions, catering to traders with a cautious risk approach.   It offers a USD 5 commission on trades, floating spreads, negative balance protection, and a 24/5 support system with technical and account assistance daily trade recommendations.    

Islamic Account

  The Islamic Account caters to the Muslim trading community by offering swap-free trading, competitive spreads, and leverage up to 1:500.   It offers commission-free trading, transparency, and a strong 24/5 support system, allowing traders to make informed decisions while adhering to Sharia law and ethical or religious beliefs.    

Demo Account

  The Demo Account is a valuable tool for traders at all levels to improve their strategies and familiarize themselves with the trading platform without financial risk.   It offers a realistic experience of market conditions, allowing users to practice trading using virtual funds, experiment with trading ideas, and explore the broker’s offerings before making any financial commitments.  

What types of accounts does S.A.M. Trade offer?

They provide four separate account types, standard, VIP, ECN, and Islamic, to meet traders’ various demands and preferences.  

What distinguishes S.A.M. Trade’s ECN Account?

The ECN Account provides reasonable spreads, quick transactions, and a USD 5 commission price for each trade, making it ideal for traders who desire direct market liquidity and cost-effectiveness.    

How To Open a S.A.M. Trade Account

  To register an account, follow these steps:   ✅Visit the official website and find the button labeled “Open an Account” or “Register” on the homepage. ✅Complete the registration form by providing your personal information, such as your name, email address, phone number, and any other necessary details to create your account profile. ✅Select the trading account that aligns with your trading needs and preferences. They offer a range of options, including Standard, VIP, ECN, Islamic, or Demo accounts. ✅Carefully review and understand the terms and conditions before agreeing to them. It is important to be aware of the broker’s policies, the risks associated with trading, and your responsibilities as a client. ✅Provide the required identification documents for account verification. These include a government-issued ID (such as a passport or driver’s license) and proof of residence (such as a utility bill or bank statement). ✅This is necessary to meet regulatory requirements and ensure the highest level of account security. ✅Be patient while the verification process is completed; it could take a few days. Throughout this process, the broker will carefully examine your submitted documents to verify your identity and place of residence. ✅After your account is verified, you will receive an email confirmation with instructions on how to fund your account. Follow the step-by-step instructions to deposit funds into your trading account using one of the available funding methods. ✅Ensure you download and install the trading platform associated with your account type. You can find the platform on the website or through a link in the confirmation email. ✅Access your trading platform using the login details you received or set up when you registered, and begin trading. It is recommended to start with small trades or use a demo account to get acquainted with the platform’s features and trading mechanics.  

Must I accept the S.A.M. Trade terms and conditions during registration?

Before starting the registration process, you must carefully examine and agree to the broker’s terms and conditions.  

What happens after my account is verified?

You will get an email confirmation with instructions for funding your account after verification. Follow the instructions to deposit money and begin trading.    

Trading Platforms and Software

 

MetaTrader 4

  This broker offers a trading platform that combines the power of MetaTrader with its services, namely MetaTrader 4 (MT4).   This user-friendly platform offers over 30 built-in and hundreds of custom indicators for detailed market analysis. It caters to traders of all levels, offering full service and access to various marketplaces.   MT4 is compatible with their ideals of providing a dependable and accessible trading environment, and its efficiency in order execution, hedging options, and interactive charting tools align with their goal of providing ultra-competitive spreads and quick execution.    

CopySam™

  CopySam™ is a social trading platform that allows users to mimic skilled traders’ techniques, making it an invaluable tool for novices and professionals.   It offers a flexible and robust trading environment with a minimal starting amount and the ability to start or stop replicating deals anytime. The platform’s accreditation by the Financial Commission further solidifies its credibility.    

Does MetaTrader 4 (MT4) enable automated trading?

Yes, MetaTrader 4 (MT4) allows automated trading using Expert Advisors (EAs), which allow traders to execute trades automatically based on predefined criteria and algorithms.  

What features does CopySam™ include?

CopySam™ provides a flexible and robust trading environment with minimum beginning capital requirements. Users can effortlessly repeat deals, alter risk settings, and diversify portfolios.    

Fees, Spreads, and, Commissions

Spreads

  This specific broker charges average spreads for major instruments, such as EUR/USD and GBP/USD, and for commodities like crude oil and natural gas, with spreads ranging from 1.7 to 2.6 pips and 5.0 cents, respectively.  

Commissions

  ECN accounts charge narrow spreads but a USD 5 fee for each round lot traded, making them popular among traders seeking direct market liquidity and reduced spreads despite the trade-off of lower spreads.  

Overnight Fees

  Overnight costs apply to positions that stay open overnight, as is customary business practice. Rates might vary and are subject to fluctuate depending on market circumstances.  

Deposit and Withdrawal Fees

  The Broker does not detail the deposit or withdrawal fees traders must pay but only states that the client covers fees.  

Inactivity Fees

  The broker charges a 50 USD inactivity fee after three months of account dormancy.  

Currency Conversion Fees

  Trading accounts will incur fees associated with converting money into USD depending on current interbank rates.  

Does S.A.M. Trade charge an inactivity fee?

Yes, they imposes a $50 inactivity fee after three months of account inactivity to encourage active trading and account management.  

Are there any currency conversion costs for non-USD deposits and withdrawals?

Yes, trading accounts may incur currency conversion costs based on current interbank rates and payment processing procedures.    

Which Markets Can You Trade with S.A.M Trade?

  The broker offers the following trading instruments and products:   ✅Forex – Offers over 30 currency pairings with competitive spreads and quick execution times. ✅Indices – Offers a variety of global indexes, including major markets like the ASX 200, FTSE China A50, Germany DAX 30, and S&P 500, allowing traders to diversify their portfolios, including hedging and speculative options, with no fees and narrow spreads. ✅Commodities – The Broker allows investors to trade derivatives on spot metals and energy like gold, silver, WTI crude oil, Brent crude oil, and natural gas, offering unique contract sizes, quotation digits, and typical spreads, making it an attractive choice for speculative and hedging purposes. ✅Futures – The site Offers futures trading services to diversify portfolios and hedge against commodity price changes. With options like the Volatility Index, Hang Seng China Enterprises, and India Nifty 50, trading futures can be an effective portfolio management strategy. ✅Cryptocurrencies – The site offers CFD trading on major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Cardano, with specific contracts and lot sizes. It offers 24/7 trading, allowing traders to interact with the constantly changing market. ✅However, leverage is limited to 1:5, reflecting the volatility and risk associated with these assets.  

Does S.A.M. Trade provide commodity trading?

Yes, they permit trading in commodities such as gold, silver, crude oil, and natural gas, giving traders access to these markets for speculation and hedging.  

Can I trade global indices using S.A.M. Trade?

Yes, the broker allows traders to trade on global indexes such as the ASX 200, FTSE China A50, Germany DAX 30, and S&P 500, exposing them to important global markets.    

Leverage and Margin

  They have adopted a margin call and stop-out strategy to assist traders with risk management. They believe appropriate risk management, such as establishing stop losses, is critical to avoiding margin calls.   A margin call happens when an account’s equity falls to or below 100% of the utilized margin. If equity continues to decline or surpass 50% of the utilized margin. The Broker will liquidate holdings at the best available prices.   Changes to margin needs are conveyed by email or platform messaging, and the trader must follow these guidelines and actively manage their holdings.  

Does S.A.M. Trade send leverage updates to its traders?

Yes, they notify changes to margin needs by email or platform message, ensuring that traders are notified and able to modify their holdings appropriately.  

Is leverage the same across all trading instruments?

No, leverage varies based on the trading instrument and account type, with certain instruments or marketplaces providing traders with more or lower leverage alternatives.    

Deposit & Withdrawal Options

 

Deposits

 

How to Deposit using Bank Wire Step by Step

  ✅Get the brokerage’s bank account details (account number, routing/SWIFT code, and beneficiary name). This will be available on their website. ✅Instruct your bank to begin a wire transfer. Make sure to include all needed information and the money to be transferred.  

How to Deposit using Credit or Debit Card Step by Step

  ✅Log into your brokerage account and go to the “Deposit” or “Funding” section. ✅Choose “Credit/Debit Card” as your payment option. ✅Enter your card information (number, expiry date, security code) and deposit amount. ✅To complete the transaction, just follow the on-screen directions.  

How to Deposit using Cryptocurrency Step by Step

  ✅Navigate to the “Deposit” or “Funding” area and choose your selected coin. ✅A.M. Trade will provide you with a unique wallet address. ✅Transfer funds from your cryptocurrency wallet to the wallet address. ✅Wait for the blockchain network to confirm the transaction.    

Withdrawals

 

How to Withdraw using Bank Wire Step by Step

  ✅Log into your brokerage account and navigate to the “Withdraw” section. ✅Choose “Bank Wire Transfer” as your method. ✅Enter your bank account information (account number, routing/SWIFT code, and name). ✅Enter the amount you want to withdraw and complete the transaction.  

How to Withdraw using Credit or Debit Cards Step by Step

  ✅Navigate to the “Withdraw” section of your account. ✅Select “Credit/Debit Card.” It is important to note that withdrawals may only be made to the same card used to make deposits. ✅Enter your chosen withdrawal amount and confirm.  

How to Withdraw using Cryptocurrency Step by Step

  ✅Go to the “Withdraw” section of your account. ✅Choose the chosen cryptocurrency. ✅Enter the external crypto wallet address where you want to receive money. ✅Enter the money and confirm the transaction. ✅Wait for the blockchain to complete your withdrawal.  

Is there a minimum deposit required to fund an account?

Yes, the minimum deposit for is $10, making it accessible to traders of all levels.  

Does S.A.M. Trade accept cryptocurrency deposits?

Yes, customers can deposit money using cryptocurrencies such as Bitcoin, Ethereum, and others.    

Educational Resources

  This Broker offers the following educational resources:   ✅Learn To Trade provides lessons, step-by-step guidelines, and interactive information to assist traders learn the fundamentals of Forex and CFD trading. ✅Economic Calendar – An economic calendar is a must-have tool for traders of all skill levels. It contains the dates and timings of major economic events, announcements, and data releases that might influence financial markets. ✅Trading Signals are recommendations or notifications regarding prospective trading opportunities based on technical or fundamental research. ✅Trader’s Club is an exclusive membership program that provides more detailed coaching and market research.  

How can traders profit from S.A.M. Trade’s Economic Calendar?

The Economic Calendar provides dates and times for key economic events, announcements, and data releases that may affect financial markets, allowing traders to remain informed and make sound trading choices.  

What extra perks does the Traders Club provide?

The Trader’s Club is an elite membership club that offers more extensive coaching and market analysis, helping participants better grasp trading methods and market trends.    

Pros & Cons

  Our Review Methodology:  For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.  Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.   Addendum/Disclosure:  No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.   Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all South African investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.    

In Conclusion

  It is our opinion, they are an appealing alternative for new and experienced forex and CFD traders. With various account types to suit various trading styles, competitive spreads, and high-leverage choices, it provides both freedom and profit potential.