What is GSI Markets？

GSI Markets is a Forex trading broker operated by Media Force Limited, founded in 2013 and registered in the Marshall Islands. It claims to specialize in online Forex trading, converting on a leading FX and CFD broker for clients in more than 120 countries worldwide. Providing services through MetaTrader 4, It offers a demo account. The maximum leverage available is 1:100, and the minimum deposit required is $250, with margin requirements ranging from 0.20% to 5%. Notably, GSI Markets operates without any regulations.

Pros & Cons

Pros:

Diverse Market Instruments: GSI Markets offers a wide range of market instruments, including stocks, cryptocurrencies, indices, forex, and commodities, providing traders with various options for diversification.

Demo Account Availability: Traders can access a demo account, allowing them to practice trading strategies and familiarize themselves with the platform without risking real money.

Multiple Contact Channels: The broker provides multiple contact channels, including seven telephone numbers, email, and other social platforms, making it easier for traders to reach customer support when needed.

Cons:

No Regulation: GSI Markets operates without any regulatory oversight, which is a huge red flag for the safety of funds and the reliability of the broker.

Exposure Labeled as Unable to Withdraw: There are five pieces of exposure labeled as unable to withdraw, which indicates a risk that traders face issues with withdrawing their funds.

Is GIS Markets Safe or Scam？

The most glaring red flag is the complete lack of regulation. This raises significant concerns about the safety of your funds, the fairness of their trading practices, and the potential for scams or manipulative activities.

Furthermore, the existence of exposures labeled as “unable to withdraw” is incredibly alarming. This suggests that some users have encountered difficulties withdrawing their funds, raising the possibility of encountering similar issues yourself.

Market Instruments

GSI Markets offers a wide array of market instruments for traders to engage with, catering to the varying trading preferences and strategies of its clients.

Stocks: You can access shares of publicly traded companies, enabling them to invest in the performance of individual companies.

Cryptocurrencies: The platform offers trading in digital currencies like Bitcoin, Ethereum, and others, allowing traders to participate in the dynamic and evolving cryptocurrency market.

Indices: GSI Markets provides access to major stock market indices, offering exposure to broader market performance.

Forex: The broker facilitates trading in the foreign exchange market, allowing traders to trade currency pairs and take advantage of fluctuations in exchange rates.

Commodities: You can also trade in commodities such as precious metals, energy, and agricultural products, providing diversification opportunities beyond traditional asset classes.

Account Types

GSI Markets offers traders three different live account types: Silver ECN, Gold ECN, and Platinum ECN accounts.

The Silver ECN account requires a minimum deposit of 250 USD and has a withdrawal time of 7 days. To acquire a Silver Account, traders must either trade 300 aggregated lots or reach total deposits of $1,000 to $10,000. To maintain the Silver Account, traders must continue to trade 150 lots quarterly.

The Gold ECN account offers a first deposit bonus of 10% up to 1,000 USD and has a withdrawal time of 3 days. To acquire a Gold Account, traders must either trade 2,000 aggregated lots or reach total account equity of $10,000 to $75,000. Gold account holders must trade a minimum of 600 lots quarterly to keep the account in good standing.

The Platinum ECN account provides a first deposit bonus of 15% up to 2,000 USD and has a withdrawal time of 3 days. To acquire a Platinum Account, traders must either trade 10,000 aggregated lots or reach total deposits of $75,000 and above. The Platinum Account is targeted at traders with higher trading volumes and account sizes.

How to Open a GSI Markets Account？

Step 1: Open an account by going to the broker's website: https://www.gsimarkets.com/.

Step 2: All you have to do is fill in the information in the box that says QUICK START. Once this is done, click on OPEN A REAL ACCOUNT which will take you to a page that says REGISTER ACCOUNT.

Step 3: Fill in your details, create a password, check the terms and conditions box and all other related boxes then click on CREATE MY ACCOUNT.

Step 4: You are now on your home page and can make a deposit online using your credit card. All you need to do is complete the DEPOSIT INFORMATION and click on the DEPOSIT NOW button.

Leverage

GSI Markets offers leverage of up to 1:100 for you. Leverage allows you to control a larger position size with a relatively small amount of capital. For example, with a 1:100 leverage, you can control a position of $10,000 with a deposit of only $100. While leverage can amplify profits, it also increases the risk of losses, as losses are also magnified in proportion to the leverage used.

Spreads & Commissions

GSI Markets distinguishes itself by offering trading with zero commissions. This means that you will not incur additional charges for each trade placed through the platform. However, while there are no commissions, you should consider the impact of spreads on the trading costs, which is not present on the official website.

Trading Platforms

GSI Markets offers the MetaTrader 4 (MT4) trading platform, which is widely regarded as one of the best in the industry. MT4 is known for its user-friendly interface, advanced charting tools, and customizable features. It also offers automated trading capabilities through Expert Advisors (EAs) and a wide range of technical indicators.

Additionally, the GSI Markets mobile app provides traders with access to the mobile version of MT4. While the mobile version may lack some of the features found in the desktop version, it offers several benefits, including increased flexibility and the ability to trade on the go. The mobile app is available for both Android and iOS systems, allowing traders to access their accounts and trade from their smartphones or tablets.

Trading Tools

GSI Markets provides traders with a comprehensive set of trading signals and tools designed to enhance their trading experience and improve decision-making.

• Indicators

Impulse MACD: This indicator combines three moving averages to visually represent market momentum on a chart. It helps traders identify potential buy or sell signals based on the convergence or divergence of these moving averages.

SHI Channel True: This indicator displays dynamic moving channels on a chart. It identifies fractal points in price history, connects them with lines, and draws parallel lines to create channels. You can use these channels to identify potential support and resistance levels.

Stretch Breakout Channel: This indicator helps you identify breakout opportunities by plotting channels based on recent price action. Breakouts above or below these channels may signal potential trading opportunities.

Variation Index: This indicator measures the variation in price movements over a specified period. It helps you gauge the volatility of an asset and can be used to identify potential trend changes.

ZeroLag MACD: This indicator is a modified version of the MACD (Moving Average Convergence Divergence) indicator that aims to reduce lag and provide more timely signals. It can help you identify trend reversals and momentum shifts.

• Economic Calendar

This tool provides you with a schedule of important economic events and announcements that may impact financial markets. It includes key indicators such as GDP releases, interest rate decisions, and employment reports, helping you make informed trading decisions based on fundamental analysis.

• Technical Signals

These signals are generated by technical analysis tools and indicators, such as those mentioned above. They provide insights into potential buy or sell opportunities based on price movements, trends, and other technical factors.

• Calculators

Profit Calculator: This tool helps you calculate potential profits or losses based on their trading position size, entry price, and exit price.

Margin and Pip Calculator: These calculators help you determine the margin required for a trade and calculate the value of a pip, which is the smallest price movement in a currency pair.

• BTC Signals

These signals are specific to Bitcoin (BTC) trading and provide insights into potential buy or sell opportunities in the Bitcoin market. You can use these signals to make informed decisions when trading Bitcoin.

Deposits & Withdrawals

To deposit money into your GSI Markets trading account, you can log in to your account using the email and password you provided during registration. Once logged in, navigate to the Members Area and click on the “Deposit” tab. From the dropdown menu, select your preferred deposit method, which can include Credit Cards, e-Wallets, or Wire Transfers. Follow the on-screen instructions to complete the deposit process.

Withdrawing money from your GSI Markets account is also straightforward. Log in to your account and navigate to the Members Area. Click on the “Withdraw” tab to access the withdrawal section. Fill out the withdrawal form with the required information, ensuring that all your verification documentation is in order. Withdrawals will be returned to the credit cards from which the charge was made, and profits above the invested amount will be transferred to your personal bank account. Wire transfers will take up to 7 business days due to intermediary financial processors.

Customer Service

The broker provides multiple contact options, including telephone support with dedicated numbers for various regions.

• +(44) 203 150 1767 (United Kingdom)

• +(55) 213 50 01808 (Brazil)

• +(56) 229 381 559 (Chile)

• +(57) 601 5141319 (Colombia)

• +(502) 237 84653 (Guatemala)

• +(52) 558 421 0153 (Mexico)

• +(507) 833 7744 (Panama)

In addition to telephone support, traders can also contact the customer support team via email at info@gsimarkets.com.

For traders who prefer real-time assistance, GSI Markets offers a live chat feature on their website.

GSI Markets also maintains an active presence on social media platforms such as Facebook, Twitter, YouTube, Google+, and Telegram. These platforms serve as additional channels for traders to interact with the customer support team, stay updated on news and announcements from the broker, and engage with other traders in the community.

Conclusion

GSI Markets provides a range of trading instruments and account options, but there are significant issues that impact your trading experience. The lack of regulatory oversight and reports of exposure labeled as “unable to withdraw” are both red flags that jeopardize your financial security. We advise against using GSI Markets and it is better to choose a broker with a clear track record and regulation from a reputable financial authority.

Frequently Asked Questions (FAQs)

Q: Is GSI Markets regulated？

A: No.

Q: What trading platforms does GSI Markets offer？

A: GSI Markets offers MetaTrader 4, including a desktop version, a web-based version, and a mobile trading app.

Q: What is the minimum deposit required to open an account with GSI Markets？

A: $250.

Q: Does GSI Markets offer a demo account？

A: Yes.

Q: What is the maximum leverage offered by GSI Markets？

A: 1:100.

Q: What are the available methods for deposit and withdrawal？

A: GSI Markets offers various methods for deposit and withdrawal, including Credit Cards, e-Wallets, and Wire Transfers.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

General Information

S.A.M. Trade is an unlicensed broker based in Australia that offers a range of tradable assets including Forex, Indices, Commodities, Futures, and Cryptocurrencies. They provide different account types such as Standard, VIP, ECN, and Islamic accounts, with minimum deposits starting at $10. The broker offers leverage of up to 1:1000 and varying spreads depending on the account type and instrument. Traders have access to the MetaTrader 4 (MT4) platform and a copy trading platform called CopySam™. S.A.M. Trade also provides educational resources, membership programs, and accessible customer support channels.

However, it's important to note that S.A.M. Trade operates as an unlicensed broker. This raises concerns about regulatory oversight and accountability, as well as potential issues with fund safety and unfair trading practices. Traders should exercise caution when considering trading with an unlicensed broker, as there may be limited avenues for dispute resolution and challenges in recovering funds in case of disputes or financial issues.

While S.A.M. Trade offers a wide range of tradable assets, account types with varying leverage options, and access to popular trading platforms, the lack of regulatory oversight and accountability is a significant drawback. Traders should carefully evaluate the risks and consider regulated alternatives before engaging with S.A.M. Trade or any unlicensed broker.

Is S.A.M. Trade Legit？

S.A.M. Trade is an unlicensed broker, and it is risky trading with it. Caution is advised when considering trading with S.A.M. Trade, as this broker operates without a license. Trading with an unlicensed broker carries inherent risks and raises concerns regarding the safety and security of funds. Regulatory authorities play a crucial role in overseeing and regulating the operations of brokers, ensuring compliance with industry standards and protecting the interests of traders.

Choosing to trade with an unlicensed broker such as S.A.M. Trade means there is a lack of regulatory oversight and accountability. This absence of oversight can result in potential issues such as inadequate client fund protection, unfair trading practices, and limited avenues for dispute resolution. In the event of any disputes or financial issues, traders may face challenges in seeking recourse or recovering their funds.

Pros and Cons

S.A.M. Trade offers a wide range of tradable assets and provides different account types with varying leverage options and spreads. Traders have access to the popular MetaTrader 4 (MT4) platform and a copy trading platform called CopySam™. The broker also provides educational resources and a membership program. Additionally, they offer accessible customer support channels. However, it's important to note that S.A.M. Trade is an unlicensed broker, which raises concerns about regulatory oversight and accountability. There may be potential issues with fund safety and unfair trading practices. Furthermore, the limited avenues for dispute resolution can be a disadvantage for traders.

Market Instruments

S.A.M. Trade offers a variety of trading instruments to its clients, including Forex, Indices, Commodities, Futures, and Cryptocurrencies. Here's a breakdown of each category:

1. Forex:

S.A.M. Trade provides trading services for over 30+ currency pairs. Each currency pair is offered with a standard contract size of 100,000 units of the first-named currency. The company operates 24/5 trading, allowing traders to participate in the forex market throughout the week. It's important to note that there may be fluctuations in spreads during opening, closing, and between market sessions. These fluctuations can be attributed to routine settlements conducted by major financial institutions, which can affect prices. S.A.M. Trade offers a range of major and minor currency pairs, each with its own value per pip, contract size, minimum lot size, and typical spread.

2. Indices:

S.A.M. Trade provides investors with the opportunity to trade on derivatives of various indices. Trading indices offers a way to diversify risk compared to single stock trading. The company offers a selection of popular indices such as ASX 200, FTSE CHINA A50, Germany DAX 30, Euro Stoxx 50, Hang Seng, KOSPI 200, and more. Each index contract has its own value per tick, quote digits, contract size per lot, minimum lot size, and average spread.

3. Commodities:

S.A.M. Trade allows investors to expand their investment portfolios by trading derivatives on spot metals and energies. The company offers contracts for gold, silver, WTI crude oil, Brent crude oil, and natural gas. Each commodity contract has a specific value per contract, quote digits, contract size per lot, minimum lot size, and average spread.

4. Futures:

Trading futures enables investors to diversify their portfolios and explore various trading opportunities. S.A.M. Trade offers futures contracts for the volatility index, Hang Seng China Enterprises, India Nifty 50, KOSPI 200, Russell 2000 Mini, Dollar Index, 10-year US Bond, DAX 30, Mini-sized DJIA, and US Oil. Each futures contract has its own value per tick, quote digits, contract size per lot, minimum lot size, and average spread.

5. Cryptocurrencies:

S.A.M. Trade allows clients to trade CFDs on popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. The company offers a range of cryptocurrency pairs, each with its own value per contract, quote digits, contract size per lot, and minimum lot size. It's important to note that leverage on cryptocurrency CFDs is capped at 1:5, and trading hours are available 24/7.

By offering these diverse trading instruments, S.A.M. Trade aims to provide its clients with a wide range of options to suit their investment preferences and strategies.

Here is a comparison table of trading instruments offered by different brokers:

Account Types

S.A.M. Trade offers a range of account types tailored to meet the specific needs and expertise levels of traders. The account types differ based on factors such as minimum funding requirements, spreads, leverage options, commissions, and additional features.

For the Australia region, S.A.M. Trade provides the following account types:

1. Standard Account: This account offers standard spreads, leverage of up to 1:30, no commission charges, floating spreads, negative balance protection, and 24/5 technical and account support. The minimum funding requirement for this account is USD 10.

2. VIP Account: The VIP account features tight spreads, priority customer support, leverage of up to 1:30, no commissions, floating spreads, negative balance protection, and 24/5 technical and account support. The minimum funding requirement for this account is also USD 10.

3. ECN Account: The ECN account offers the best available spreads, priority customer support, leverage of up to 1:30, USD 5 commission charges, floating spreads, negative balance protection, and 24/5 technical and account support. The minimum funding requirement for this account is USD 100.

For the St Vincent and the Grenadines region, S.A.M. Trade provides the following account types:

1. Standard Account: This account type offers standard spreads, leverage of up to 1:1000, no commission charges, floating spreads, negative balance protection, 24/5 technical and account support, and daily trade call. The minimum funding requirement for this account is USD 10.

2. VIP Account: The VIP account features tight spreads, priority customer support, leverage of up to 1:1000, no commissions, floating spreads, negative balance protection, 24/5 technical and account support, and daily trade call. The minimum funding requirement for this account is also USD 10.

3. ECN Account: The ECN account provides the best available spreads, priority customer support, leverage of up to 1:200, USD 5 commission charges, floating spreads, negative balance protection, 24/5 technical and account support, and daily trade call. The minimum funding requirement for this account is USD 100.

4. Islamic Account: S.A.M. Trade also offers an Islamic account with standard spreads, swap-free trading, leverage of up to 1:500, no commission charges, floating spreads, negative balance protection, 24/5 technical and account support, and daily trade call. The minimum funding requirement for this account is USD 10.

Traders should note that the maximum leverage differs between the two regions, with the Australia region offering a maximum leverage of 1:30, while the St Vincent and the Grenadines region offers higher maximum leverage options, ranging from 1:1000 to 1:200 depending on the account type. It is crucial for traders to consider their risk tolerance and trading strategies when selecting the appropriate account type.

How to Open an Account？

To open an account on S.A.M. Trade, follow these steps:

1. Visit the S.A.M. Trade website: Go to the official website of S.A.M. Trade and locate the “Open Live Account” button on the homepage. Click on it to initiate the account opening process.

2. Choose your account type: On the registration page, you will be presented with different account types to choose from, including Individual, Joint and Corporate.

3. Complete the registration process: Fill in the required information, including your personal details, contact information, and any additional information requested. Ensure that all the provided information is accurate and up to date.

4. Receive your account login details: After submitting the registration form, you will receive an automated email containing your personal account login information. Keep this information secure as it will be used to access your trading account.

5. Log in to your account: Using the provided login details, access your S.A.M. Trade account by logging in through the website's login portal. Make sure to use the correct username and password to gain access successfully.

6. Deposit funds: Once logged in, proceed to deposit funds into your trading account. S.A.M. Trade typically provides multiple payment methods, including Bank Transfers, Visa / Master and Tether (USDT). Choose the most convenient option for you and follow the instructions to deposit the desired amount.

7. Download the trading platform: To start trading, you will need to download the trading platform provided by S.A.M. Trade. Follow the instructions on the website to download and install the trading platform.

Once the trading platform is installed, you can log in using your account credentials and begin trading in the financial markets offered by S.A.M. Trade. It is recommended to familiarize yourself with the platform's features and tools before placing any trades.

Leverage

S.A.M. Trade provides different leverage options based on the account types and the regions in which they operate. In the Australia region, the maximum leverage offered is 1:30 for all the account types available, including the Standard, VIP, and ECN accounts. This means that traders can access a leverage ratio of up to 1:30 for their trades.

On the other hand, in the St Vincent and the Grenadines region, S.A.M. Trade offers higher maximum leverage options. The Standard and VIP accounts in this region allow traders to utilize leverage of up to 1:1000, providing greater potential for amplifying trading positions. The ECN account, however, offers a maximum leverage of 1:200.

It's important for traders to understand that leverage magnifies both potential profits and losses. Higher leverage can increase potential gains but also increases the risk of significant losses. Therefore, it is crucial for traders to carefully assess their risk tolerance, trading strategies, and market conditions when deciding on the appropriate leverage level.

Here is a comparison table of maximum leverage offered by different brokers:

Spreads & Commissions

S.A.M. Trade offers a variety of account types with different spreads and commissions to suit the needs of different traders. For most account types, including the standard ones, there are no commissions charged for investing. This means that traders can execute trades without incurring additional fees beyond the spreads.

While S.A.M. Trade does not provide specific spreads for each account or instrument, they do offer average prices for certain popular trading pairs and assets. For example, the EUR/USD currency pair typically has a spread ranging from 1.7 to 2 pips, indicating the difference between the buying and selling prices. The GBP/USD pair, on the other hand, has an average spread of 2.4 to 2.6 pips. Commodity trades like Crude Oil and Natural Gas have an average spread of 5.0 cents.

For traders looking for the tightest spreads, S.A.M. Trade offers an ECN account type. With this account, traders can access the market through an STP/ECN model, which provides direct access to liquidity providers. However, there is a $5 commission per round lot turn for trades executed through the ECN account. This commission covers the cost of accessing the competitive spreads and liquidity offered by the ECN model.

In summary, S.A.M. Trade offers commission-free investing for most account types, allowing traders to trade without additional fees beyond the spreads. While specific spreads are not provided for all instruments, average prices are available for popular trading pairs and commodities. Traders seeking the tightest spreads can opt for the ECN account, but should be aware of the $5 commission per round lot turn.

Non-Trading Fees

S.A.M. Trade imposes swap charges for positions held overnight. They offer a profit-sharing plan called CopySam™, where users may share a portion of the profits generated from copied trades. Opening a live trading account with S.A.M. Trade is free, and there are no account management fees.

Trading Platform

S.A.M. Trade offers different trading platforms for traders in Australia and St Vincent and the Grenadines.

In Australia, S.A.M. Trade provides the popular MetaTrader 4 (MT4) trading platform. MT4 is widely recognized as a leading trading platform in the world. Traders can download MT4 for free and enjoy its user-friendly interface, extensive tools, and indicators. It supports various financial instruments such as forex, commodities, indices, and cryptocurrencies, providing a seamless trading experience.

For traders in St Vincent and the Grenadines, S.A.M. Trade introduces CopySam™, an innovative trade copying technology. CopySam™ allows traders to follow and trade like expert traders by automatically copying their trades with precision. It offers beginners the opportunity to replicate winning traders' trades and experienced traders the convenience of minimal time involvement while diversifying their portfolios. CopySam™ has received the Collective Investment Platform Certification, ensuring transparency and fair trading practices.

By offering both MT4 and CopySam™, S.A.M Trade caters to the needs of different types of traders. MT4 provides a robust and versatile trading platform for those who prefer to analyze the markets and execute their own trades, while CopySam™ offers a convenient way to follow and copy the trades of successful traders, making it suitable for traders who prefer a more hands-off approach to trading.

Customer Service

S.A.M. Trade offers customer service support through different channels, including a contact form on their website and dedicated email addresses for media/partnership inquiries and general support. Traders can fill out the contact form with their details to receive a prompt response. Media and partnership inquiries can be sent to marketing@samtradefx.com, while general support inquiries can be directed to support@samtradefx.com. Additionally, customers can follow S.A.M. Trade on Facebook and YouTube for updates. While phone support may not be mentioned, the broker is committed to providing accessible customer service through these available channels.

Educational Resources and Community Support

S.A.M. Trade recognizes the importance of education and provides a range of resources to help clients gain knowledge and skills in forex and commodity trading. They offer educational guides and articles that cover various topics such as forex trading basics, CFDs and commodities, leverage and margin, and important concepts like Overnight Funding and Margin Call Policy. These resources aim to equip traders with the necessary understanding to navigate the trading world effectively.

In addition to educational materials, S.A.M. Trade offers an exclusive membership program that provides valuable guidance and market analysis. Led by expert trainers, registered clients gain access to the latest market news, fundamental research, and a results-driven approach to trading. The membership program includes eight sessions held every Friday evening for eight weeks, as well as a Bootcamp consisting of 10 sessions spread over three weekends. While there is a one-time membership fee of $10,000 associated with this program, clients can benefit from the expertise and insights shared during these sessions to enhance their trading strategies.

Trading Tools

S.A.M. Trade offers trading tools to enhance the trading experience and ensure the security of funds. One of these tools is SamTracks™, a Portfolio Monitoring System that helps traders track their account and trading performance. It provides an overview of the account, allows performance tracking, monitors asset allocation, and displays traded volume.

S.A.M. Trade also prioritizes fund security through their Six Pillars of Secured Fund Coverage, known as SamAide™. These pillars include measures such as segregating clients' funds, professional indemnity insurance, third-party insurance protection, membership in the Financial Commission, and Negative Balance Protection. They also provide real-time deposit and withdrawal notifications to keep clients informed about their account activity.

Promotion

S.A.M. Trade provides promotional offers to its clients, including the SamRewards™ program. This program rewards retail investors based on their trading volumes. By meeting certain criteria such as making a first deposit of $500, trading 1 standard FX lot, or referring new clients, investors can earn 'points'. These points can then be exchanged for luxury prizes, including electronics.

In addition, S.A.M. Trade occasionally organizes a 'Traders' Challenge'. This challenge allows clients to compete based on their performance during a specific month. Participants have the opportunity to win up to $2000 and earn 1,000 SamPoints, providing an added incentive for traders to excel in their trading activities.

Deposit & Withdrawal

At S.A.M. Trade, there are several deposit methods available for clients. These include Tether (USDT), which typically takes up to one working day to process, Bank Wire Transfer, which takes one to four working days, and Visa & Mastercard Credit & Debit Cards, which are processed within one hour during weekdays. While most S.A.M. Trade live accounts have a minimum deposit of $10, the accepted payment methods require a minimum deposit of $20 or its equivalent currency (or USDT 50). The broker itself does not charge any fees for deposits, but investors may be responsible for any third-party charges.

When it comes to withdrawals, S.A.M. Trade accepts withdrawals through the same deposit methods. A minimum withdrawal amount of $20 or USDT 50 applies. Withdrawal processing times typically range from one to four working days for bank transfers and credit/debit cards. However, all withdrawals are processed by the broker within 72 hours. Tether payments, on the other hand, can be processed in one working day. Just like with deposits, S.A.M. Trade does not charge any withdrawal fees, but investors may need to bear any applicable third-party charges.

Conclusion

In conclusion, S.A.M. Trade is an unlicensed broker based in Australia that offers a variety of tradable assets and account types with attractive features such as low minimum deposits, high leverage, and access to popular trading platforms. However, the lack of regulatory oversight and accountability is a significant disadvantage. Trading with an unlicensed broker raises concerns about fund safety, unfair trading practices, and limited avenues for dispute resolution. Traders should carefully evaluate the risks involved and consider regulated alternatives before engaging with S.A.M. Trade or any unlicensed broker.

FAQs

Q: Is S.A.M. Trade a regulated broker？

A: No, S.A.M. Trade currently operates without valid regulation.

Q: What trading instruments are available on S.A.M. Trade？

A: S.A.M. Trade offers Forex, Indices, Commodities, Futures, and Cryptocurrencies as trading instruments. Each category has a variety of assets available for trading.

Q: What leverage options does S.A.M. Trade offer？

A: S.A.M. Trade offers leverage options of up to 1:1000 for Standard and VIP accounts, up to 1:200 for ECN accounts, and up to 1:500 for Islamic accounts.

Q: What trading platforms are available at S.A.M. Trade？

A: S.A.M. Trade offers MetaTrader 4 (MT4) and their proprietary copy trading platform, CopySam™.

Q: What are the deposit and withdrawal methods offered by S.A.M. Trade？

A: S.A.M. Trade accepts deposits through Tether (USDT), Bank Wire Transfer, and Visa/Mastercard Credit & Debit Cards. Withdrawals can be made using the same methods.