Samtrade FX Review: Scam or Legit Broker? Samtradefx.com is a forex and cfd broker that offers trading in a huge range of assets spanning commodities, indices, stocks, currency pairs and cryptocurrencies They are owned and operated by Samtrade FX Ltd.
SAMTRADE FX TRADING PLATFORM
This broker uses the MT4 trading platform for CFD and Forex trading.
DEPOSIT AND WITHDRAWAL METHODS
The available methods are Bank Wire transfer, MasterCard, Visa, UnionPay. The minimum deposit is $100
Is SAMTRADEFX LICENSED?
Yes! Samtrade FX broker is licensed by the VFSC. However, the regulation from the VFSC(Vanuatu Financial Service Commission) in Vanuatu is not as strong as that of the FCA in UK or CySEC in Cyprus.
This broker offers support to its traders, they could be reached through phone calls or emails, whichever you prefer.
Samtradefx.com is regulated offshore by a weak licensing body this is a source of major concern. When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe. They accept traders worldwide..visit their official website