S.A.M TradeReview 2023

S.A.M Tradeisan STP/ECN brokerage that provides holistic and bespoke services to traders. The broker strives to ensure that all client’s needs are met by offering competitive trading conditions.It offers a full suite of advanced trading platforms and tools to ensure the ease of trading multiple financial assets. You may want to try out S.A.M Trade.

In this post, we reviewed the company’s brokerage services, examining its regulations, platforms, global access, registration, account options, leverage, trading fees, customer support, education, and reputation.

Overall Rating

★★★★★★★★🟂   5.7/10


Account Minimum Deposit: $10

Fees: Spread, swap charges

Best For: Both newbies and professional traders

Regulation and Security

S.A.M. Trade is regulated in multiple jurisdictions and is also a member of The Financial Commission, an international organization engaged in resolving disputes within the financial services industry in the Forex market.

In Saint Vincent and the Grenadines, S.A.M. Trade is incorporated under registered number 25290 IBC 2019 by the Registrar of International Business Companies.

In Australia, S.A.M. Trade is the trading name of S.A.M. Financial Group (Australia) Pty Ltd, A.B.N.: 50 084 146 403, with ASIC ASFL license number 338674.

S.A.M. Trade is also registered and regulated by FINTRAC (Financial Transactions and Reports Analysis Center of Canada) under Money Services Business (M.S.B.) with registration number: M19977589.

Data Security and Privacy Policy

S.A.M Trade is committed to its privacy obligations under its privacy principles of the Privacy Policy Statement, and as such, the broker implements a variety of security measures to maintain the safety of the client’s personal information. S.A.M Trade uses Secure Socket Layer (SSL) encryption technology to protect clients’ information.

The broker also uses other safeguards such as firewalls, authentication systems (e.g., passwords and personal identification numbers), and access control mechanisms to control unauthorized access to systems and data. The company restricts access to information at its offices so that only officers and employees who need to know the information can access it.

Negative Balance Protection

This is a safety mechanism to ensure no client is responsible for paying back a negative balance when margin calls and stop-outs do not function correctly. With this, you can’t lose more than you invested and won’t end up owing the broker.

Anti-Money Laundering

Money laundering entails converting money or other monetary instruments gained from illegal activity into investments that appear to be legitimate so that their illegal sources cannot be tracked.

S.A.M Tradeis committed to assisting governments in combating the threat of money laundering and terrorist financing activities worldwide. So, it does not allow third-party payments.

Is S.A.M Trade available worldwide?

S.A.M. Trade does not provide services to residents of the following countries: Afghanistan, Belarus, Botswana, Brazil, Burundi, Colombia, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Iraq, Japan, Lebanon, Liberia, Libyan Arab Jamahiriya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Somalia, Somali Republic, South Africa, Spain, Sudan, Syrian Arab Republic, Togo, Ukraine, United States of America, Venezuela, Yemen, and Zimbabwe.

Supported Platforms

S.A.M Trade provides traders with complete versions of an industry-leading trading platform to help them get the most out of their trades. The available trading platforms include:

MetaTrader 4

S.A.M Trade offers traders the powerful MetaTrader 4 trading platform. The MetaTrader 4 platform is much more than a cutting-edge trading platform. Its distributed design, strong security system, accessible mobile trading, and revolutionary automated trading are just a few of the fundamental competencies that provide a compelling competitive edge, making it the ideal option for the most demanding trading requirements.

The trading platform combines an easy-to-use interface with several strong functionalities. Each financial instrument can be analyzed in nine timeframes, and there are more than 50 built-in indicators and tools to aid your analysis of the markets.

The platform is available in a web-based version in addition to the desktop version. The MT4 web trader is an online trading platform that allows you to trade using a browser rather than first downloading and installing an application on your computer. It offersan easy and pleasant trading environment andhas sophisticated capabilities to ensure quality trading.

Mobile apps

The broker also provides a mobile version of the MT4 trading platform, which can be accessed through iPhones, iPads, Android, or Windows-based devices. Just download the applications from the relevant app stores to access your trading accounts and monitor trade positions on the move.

The mobile apps come with a wide range of analytical tools and a graphical presentation of quotations. So, you can make a full market analysis and place and manage trade orders from there.

While the desktop platform may offer a wider screen, when you don’t have access to a desktop computer or laptop, using mobile terminals in trading is a practical method to keep track of your funds. You may stay current on market movements, evaluate them, and trade at any time, no matter where you are.

Other trading tools

The broker also provides traders with some other helpful trading tools, including the following:


The CopySam is the latest trade copying technology by S.A.M. Trade. It allows everyone to trade like a top trader. Regardless of your trading experience or commitment, you can tap intothe industry’s winning traders’ expertise with CopySam.

CopySam will automatically copy winning traders’ trades into your accountas if they are your own trades.Whether you are a beginner or an experienced trader whohas no time to track your trading, CopySam allows you to trade without active involvement.

CopySam also allows you to spend minimal time with your trading activity while achieving diversification to your portfolio by copying trades of winning traders. Other key benefits of the CopySam include the following:

  • The minimum amount to start is just USD 100.
  • You can start or stop copying anytime you want.
  • You can access the performance of the copied trader in the Client Portal, including their profitability, trading strategy, preferred asset class, and more.
  • You can learn from their trading strategies and apply them to your trades.


SamTracks is S.A.M. Trade’s Portfolio Monitoring System, which can help you track your account and trading performance. This trading tool offers an easy overview of your account and allows you to track your performance and monitor your asset allocation easily. Other essential features of the SamTracks trading tool include:

  • Easy and clear interface showing the account overview
  • Quick performance tracking
  • Simple asset allocation monitoring

SamTracks is available on the client Portal. It is a complimentary service for all clients with a live trading account with S.A.M. Trade.

Economic Calendar

The broker also provides traders with the economic calendar, an essential tool that shows the dates of significant releases or events that can move the markets.Successful traders use this tool to choose the optimum trading time and to develop strategies based on fundamental market analysis.

Account Types

S.A.M. Trade offers a variety of account types designed to meet your unique needs and level of expertise. The accounts vary in lot sizes, minimum deposit amounts, and other features.

The available live trading account options at S.A.M Trade include the following:

Standard Account

This is the broker’s primary account option; it is designed specifically for beginner traders. The Standard account offers low floating spreads and high leverage of up to 1:1000. The main advantage of this type of account is its zero commission and negative balance protection. The minimum deposit to start trading on the standard account is $10.


The V.I.P. accountalso has a minimum deposit requirement of just $10. It allows clients to trade multiple financial instruments, offering tight spreads and priority customer support. Other key benefits of the V.I.P. account include negative balance protection, high leverage of up to 1:1000, and more.


The E.C.N. account is an advanced live trading account option at S.A.M Trade. The account has a minimum deposit of $100. It has a maximum leverage of 1:200 and a commission fee of 5 USD. The main advantages of this type of account are the lowest spreads, negative balance protection, and priority customer support.

Swap-free Account

The broker provides traders with a Swap-free account. Muslim traders who don’t want to pay or receive swap fees can open a swap-free Standard account. The minimum deposit requirement of the Swap-free account is $10.

Signing Up

To open a trading account with S.A.M Trade, click the “Open Live Account” button at the top right corner of the broker’s website. You will be directed to the online application page, where you will be required to key in your name; provide your email, phone number, and date of birth;and create a password, as you can see in

After completing the form, click the “Open Account”button to submit. The broker will require you to submit your means of identification (a government-issued I.D.) and proof of address (a utility bill or bank statement not more than three months old) to verify your account.

Deposit and Withdrawals

S.A.M Tradeallowsthe following secure payment options: Wire Transfer (Local and International), Credit Debit Card, Skrill, SticPay, American Express, Perfect Money, Neteller, PayPal, andmore.

The transaction fees vary with the payment methods, and some of the methods may not be available in your particular country. So, you have to contact the support team for more details.

Note that due to anti-money laundering regulations worldwide, deposits and withdrawals must be made from and paid to the same person as the trading account holder. No third-party payments are allowed.


S.A.M Tradeoffers a good selection of trading instruments. Clients can trade various financial assets, including forex, commodities, indices, futures, cryptocurrencies, and more.

Commissions and Fees

S.A.M Trade charges zero commission on all live trading account types except the E.C.N. account, which has a commission fee of $5. The broker offers low floating spreads on all account options. There is an inactivity fee of $50 per month.

Available Leverage

Leverage enables you to increase your position size by borrowing from the broker.

S.A.M Trade offers a leverage of up to 1:1000, which may be too much because while it helps you increase your potential profits, it can also magnify losses.

Analysis and Education

S.A.M. Trade makes available, on its website, a good selection of educational resources. The educational resources include learning articles, Trader’s Club, trading guides, ebooks, and market news that keeps traders up-to-date with the latest happenings in the financial markets.

Customer Service

S.A.M Trade provides clients with a responsive client support team. The support team can be reached via various contact channels, including email, online ticket form (Get in touch), callback form, and telephone.

Reputation amongst Traders

The broker has receivedjust a few reviews, with mixed ratings— both positive and negative. On ForexPeaceArmy, for example, it got 2.168 out of 5 based on 3 reviews.


S.A.M Tradedoes not show any industry awardson its website at the moment.

Can beginners trade with S.A.M Trade?

Yes, beginners can trade with S.A.M Trade, and this is why: the broker provides training resources and offers a demo account to help new traders familiarize themselves with its trading platforms. Moreover, a minimum deposit of $10 is beginner friendly.

Summing Up

S.A.M Trade is a reputable STP/ECN broker that is regulated in multiple jurisdictions. The broker provides traders with the full suite of the MT4 platform and various helpful trading tools to make for a great trading experience.S.A.M. Trade offers zero commission charges, multiple account options, high leverage, automated trading, educational resources, responsive customer support, and more while requiring only a $10 minimum deposit to start trading.