Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Samtrade FX Pros & Cons
- Supervision by three regulators.
- Participation in the FinaCom compensation fund and availability of in-house and third-party insurance programs.
- Negative balance protection.
- Trading on the Standard account is available upon depositing $10.
- Availability of various account types with different conditions.
- Competitive $5 fee per lot applies to the ECN account.
- Proprietary copy trading platform is available.
- High spreads on STP account types.
- Limited range of trading instruments.
- No cent, mini, or nano accounts.
Samtrade FX has been operating in financial markets since 2015. It is regulated by the Australian Securities and Investment Commission (ASIC), the Financial Transactions and Reports Analysis Center of Canada (FINTRAC), and the Financial Services Commission of Saint Vincent and the Grenadines (SVG FSA). The broker’s activities are supervised by the Financial Commission which provides up to €20,000 in investment coverage for each Samtrade FX client. The broker offers the proprietary CopySam™ platform for active trading in various markets, including currencies, cryptocurrencies, indices, commodities, and futures, designed for copying other traders' positions or providing trading signals.
TU Expert Verdict
Samtrade FX demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Samtrade FX User Reviews
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5-star
33%
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3-star
67%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of Samtrade FX have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Samtrade FX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Samtrade FX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Samtrade FX Standard spreads Samtrade FX OANDA FOREX.com EUR/USD min, pips 1.7 0.1 0.7 EUR/USD max, pips 2.0 0.5 1.2 GPB/USD min, pips 2.4 0.1 0.9 GPB/USD max, pips 2.6 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Samtrade FX RAW/ECN spreads Samtrade FX OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Samtrade FX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Samtrade FX Non-Trading Fees Samtrade FX OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 50 0 15 -
Is Samtrade FX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8.4 /10Samtrade FX has a safety score of 8.4/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
Samtrade FX Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
ASIC Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1 
SVG FSA Full Name Financial Services Authority of St. Vincent and the Grenadines Country of regulation St. Vincent and the Grenadines Investor Protection Fund No specific fund Regulation Level Tier-3 
The Financial Commission Full Name The Financial Commission Country of regulation International Investor Protection Fund Up to €20,000 Regulation Level Tier-3 Samtrade FX Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.8 /10Samtrade FX offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Low minimum deposit
- Swap Free (Islamic) account
- Micro lots are not available
- No Cent account
Samtrade FX account types vs top competitors Samtrade FX Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free YesNoYesVIP YesNoNoManaged NoNoNoSamtrade FX accounts trading conditions
Samtrade FX offers two account types — STP and ECN. They differ in fee calculation, execution technology, and initial deposit requirements. Traders can open an unlimited number of live accounts, transfer their funds between them, and adjust leverage.
Account types:
Account Type Description Standard It’s a universal trading account without additional trading fees, except spreads. The minimum deposit is $10 and leverage is up to 1:1,000. VIP This account type offers more profitable conditions. The minimum deposit is $10 and the maximum leverage is 1:1,000. ECN This account type is designed for professional traders. Spreads start from 0 pips and a $5 fee per lot is charged. The actual minimum deposit is $100,000, though the website provides the amount of $100. Leverage is up to 1:200. Islamic It’s a swap-free account type for Muslims. Traders can use leverage up to 1:500. The minimum deposit is $10. Fees per lot are not charged. A one-month demo account is available upon registration on the broker’s website.
Samtrade FX’s trading accounts are designed for professional trading in the over-the-counter (OTC) Forex market. Their conditions vary, which is a plus for any speculator, as they can choose an account that suits their professional level and available funds.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.8 /10Samtrade FX received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Samtrade FX offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- Minimum deposit below industry average
- No deposit fee
- Low minimum withdrawal requirement
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- Only major base currencies available
What are Samtrade FX deposit and withdrawal options?
Samtrade FX offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, USDT. This limitation may restrict flexibility for users, making Samtrade FX less competitive for those seeking diverse payment options.
Samtrade FX Deposit and Withdrawal Methods vs Competitors Samtrade FX Plus500 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are Samtrade FX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Samtrade FX supports the following base account currencies: USD.
What are Samtrade FX's minimum deposit and withdrawal amounts?
The minimum deposit on Samtrade FX is $10, while the minimum withdrawal amount is $20. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Samtrade FX’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10Samtrade FX offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 35 Forex pairs.
- Copy trading platform
- Commodity futures are available
- Indices trading
- No ETFs
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by Samtrade FX with its competitors, making it easier for you to find the perfect fit.
Samtrade FX Plus500 OANDA Currency pairs 35 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 129 Stocks NoYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products Samtrade FX offers for beginner traders and investors who prefer not to engage in active trading.
Samtrade FX Plus500 OANDA Bonds NoNoYesETFs NoYesNoCopy trading YesNoYesPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Samtrade FX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with Samtrade FX in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Samtrade FX is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
Samtrade FX account opening Samtrade FX Plus500 OANDA Online Registration YesYesYesMinimum deposit $10 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 20 10 KYC time (days) 2 3 3 Is Samtrade FX available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To create a user account with Samtrade FX, open an account with this broker following the below instruction.
Click the “Open Live Account” button on any page of the broker’s website.
Select the individual account type and provide your personal information: first and last names, date of birth, phone number, and email. Generate a reliable password. Next, provide information on your occupation, free capital, and trading experience.
Finally, provide scanned copies of documents for verification. Once verified by a broker’s representative, deposit funds and install the trading platform on your PC or laptop or download the mobile app. That's all you need to start trading with Samtrade FX.
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Customer Support
Score:We evaluated Customer Support at Samtrade FX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.2 /10Customer support at Samtrade FX is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Samtrade FX provides basic support functionality but does not stand out in overall service performance.
InformationTraders can request technical support and ask questions about the broker’s activities 24/5. The Samtrade FX website is available in 9 languages, which means that support is multilingual.
- 9 languages are available
- 24-hour communication with a manager during global market trading hours
- Few communication channels
- Technical support isn’t available on weekends
Traders can use the following communication channels to contact technical support:
- Email;
- Feedback form;
- Facebook and Youtube.
The broker’s website doesn’t contain phone numbers to contact Samtrade FX representatives. However, now traders can provide their phone numbers and support managers call them back during working hours.
Contacts Registration address S.A.M. Trade, First Floor, First St. Vincent Bank Ltd Building, James Street, Beachmont, Kingstown, St. Vincent and the Grenadines Regulation ASIC, FINTRAC, SVG FSA Official site https://www.samtradefx.com/ Contacts support@samtradefx.com
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FAQs
How are trading commissions and non-trading fees structured at Samtrade FX?
Samtrade FX has been assessed as having medium overall fees, with a fees score of 7/10, and offers low forex trading fees, tight EUR/USD spreads, and no deposit or withdrawal fees. On Standard accounts, costs are included in floating spreads (for example, EUR/USD typically ranges from 1.7 to 2.0 pips), while ECN/RAW accounts combine low average spreads (around 0.1 pips on major pairs) with a $2.5 commission per lot. Non-trading fees include a $50 monthly inactivity fee, which applies when an account is not used.
What types of trading accounts does Samtrade FX provide and how do they differ?
Samtrade FX offers several account types, including Standard, VIP, ECN, Islamic (swap-free), and Demo accounts, each with different fee structures, leverage, and minimum deposits. Standard and VIP accounts have a $10 minimum deposit and leverage up to 1:1,000, while the ECN account has spreads from 0 pips, a $5 fee per lot, leverage up to 1:200, and an actual minimum deposit of $100,000 (despite the website stating $100). Micro and Cent accounts are not available, and a one‑month demo account is offered upon registration.
What do user reviews and feedback indicate about overall satisfaction with Samtrade FX?
Samtrade FX has a user satisfaction score of 7.3/10 based on 3 reviews, with 33% of ratings at 5 stars and 67% at 3 stars. This distribution suggests a mixed overall impression, where some users report high satisfaction while others are more neutral. According to user reviews, there are no strongly negative ratings in the available data.
What feedback is available on Samtrade FX deposit and withdrawal conditions?
Samtrade FX has a low safety score of 4.75/10 for its deposit and withdrawal processes, reflecting limited payment options and accessibility. The broker supports Bank Card, Bank Wire, and USDT, with a minimum deposit of $10 and a minimum withdrawal of $20, but does not support PayPal or BTC payments and only offers USD as a base account currency. These factors may reduce flexibility for users who prefer a wider range of funding methods or currencies.
What markets and instruments can traders access with Samtrade FX, according to available reviews and comments?
Samtrade FX provides access to a relatively limited range of instruments, including 35 currency pairs, commodity futures, cryptocurrencies, and stock indices, but does not offer stocks, bonds, ETFs, options, PAMM investing, or managed accounts. The broker also supports copy trading, which may appeal to users who prefer following other traders rather than trading independently. The total number of supported assets is described as below the market average in the reviewed section.
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