Overview of MRG

MRG, also known as PT. MRG Mega Berjangka, is a financial brokerage firm based in Indonesia. However, there are suspicions regarding the legitimacy and regulatory status of this company. While MRG claims to be regulated by the Indonesian regulatory agency Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) and the Jakarta Futures Exchange (JFX), these claims are suspected to be clones and the broker lacks valid regulation.

The company offers trading services through the MT4/5 White Label platform, providing access to various financial instruments such as Forex, gold, US indices, and crude oil. However, it is important to exercise caution when dealing with MRG due to the potential risks associated with its lack of valid regulation and suspicious claims.

Overall, potential investors should carefully consider the available information and exercise due diligence before engaging in any trading activities with MRG. It is advisable to seek alternative brokers with clearer regulatory statuses and a more transparent operating environment.

Pros and Cons

Equinox offers a range of pros and cons for traders to consider. On the positive side, it boasts low minimum deposit requirements, making it accessible to a wider range of individuals. Traders can also benefit from varying leverage ratios, allowing them to adjust their risk exposure. Equinox provides access to global markets, enabling traders to explore opportunities across different regions. Additionally, it offers the popular MT4 trading platform known for its user-friendly interface and advanced features. However, it's important to note the potential cons, such as the inherent risk involved in trading and the possibility of market volatility leading to losses. The available market instruments may be limited, and market conditions can impact liquidity. Traders should also be mindful of regulatory and geopolitical risks. Equinox provides multiple account options to cater to different trading preferences. Overall, traders should carefully assess these pros and cons to determine if Equinox aligns with their individual trading needs and risk tolerance.

Is MRG Legit？

Based on the information provided, PT. MRG MEGA BERJANGKA (formerly PT. ASKAP FUTURES) claims to be regulated by the Indonesian regulatory agency Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under license number 05/BAPPEBTI/SI/XII/2000. However, it is stated that this claim is suspected to be a clone and the broker currently has no valid regulation.

Additionally, PT. MRG MEGA BERJANGKA claims to be regulated by the Jakarta Futures Exchange (JFX) under license number SPAB-001/BBJ/09/00, but this claim is also suspected to be a clone.

Therefore, based on the information provided, it is advised to be cautious and aware of the potential risks associated with dealing with PT. MRG MEGA BERJANGKA as it lacks valid regulation and has been flagged as suspicious.

Market Instruments

MRG offers a range of market instruments for investors to engage in trading activities.

Forex:

MRG offers Forex trading, allowing investors to trade currency pairs in the foreign exchange market. Forex trading involves speculating on the exchange rate fluctuations between different currencies. Traders can take advantage of the volatility in currency prices to potentially generate profits.

Emas (Gold):

MRG enables investors to trade gold, which is a popular commodity and a store of value. Gold trading allows investors to speculate on the price movements of gold, taking advantage of its status as a safe-haven asset and potential hedge against inflation.

US Index:

MRG provides trading opportunities in US indices, such as the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite. Trading US indices allows investors to gain exposure to the overall performance of the US stock market, providing potential opportunities for profit based on the index movements.

Crude Oil:

MRG allows investors to trade crude oil, which is a globally traded commodity and a key energy resource. Crude oil trading involves speculating on the price movements of oil, which can be influenced by factors such as supply and demand dynamics, geopolitical events, and economic indicators.

Pros and Cons

Account Types

MRG offers three different account types: GOLD, SILVER, and PLATINUM. Each account type has its own set of specifications and features.

GOLD Account:

The GOLD account offered by MRG has a spread starting from 2.3 pips. For forex and gold trading, there is a commission of $30 per lot, while for index and crude oil trading, the commission is $20 per lot. The minimum lot size is 0.1 lot, and the maximum lot size is 10 lots. There is no limit on the maximum number of open lots. The leverage available is 1:100. The minimum stop and limit order distance is 15 points. Trading style is specified as “No Arbitrage.” The minimum deposit required for a GOLD account is $500.

SILVER Account:

The SILVER account has a spread starting from 0.8 pips. The commission for all trades is $8 per lot. The minimum lot size is 0.1 lot, and the maximum lot size is 3 lots. The maximum number of open lots allowed is 5. The leverage offered is 1:200. The minimum stop and limit order distance is 1 point. Similar to the GOLD account, the trading style is specified as “No Arbitrage.” The minimum deposit required for a SILVER account is $300.

PLATINUM Account:

The PLATINUM account features a spread starting from 2.3 pips. For forex and gold trading, the commission is $30 per lot, and for index and crude oil trading, it is $20 per lot. The minimum lot size for this account type is 1 lot, and the maximum lot size is 50 lots. There is no restriction on the maximum number of open lots. The leverage offered is 1:100, and the minimum stop and limit order distance is 15 points. The trading style is specified as “No Arbitrage.” The minimum deposit required for a PLATINUM account is $5000.

How to Open an Account？

To open an account with MRG, follow these steps:

1. Visit the MRG website and click on the “Register” menu.

1. Fill in the required information accurately in the provided fields.

2. Select the type of account you wish to open.

1. Enter the captcha correctly and ensure that you have read and agreed to the Terms & Conditions.

1. Double-check that all the registration data you have provided is correct.

2. Click on the “Submit” button to complete the account opening process.

Leverage

MRG offers leverage options of 1:100 for the GOLD and PLATINUM accounts, while the SILVER account provides a higher leverage option of 1:200. Leverage allows traders to amplify their trading positions with a smaller amount of capital. It is important to note that while leverage can potentially increase profits, it also magnifies potential losses, making risk management a crucial aspect of trading with leverage. Traders should carefully consider their risk tolerance and use leverage responsibly.

Spreads & Commissions

MRG offers different account types with varying spreads and commissions. The GOLD account has a spread starting from 2.3 pips and commissions of $30 per lot for forex and gold trading, and $20 per lot for index and crude oil trading. The SILVER account features a spread starting from 0.8 pips and a fixed commission of $8 per lot for all trades. The PLATINUM account offers a spread starting from 2.3 pips and commissions of $30 per lot for forex and gold trading, and $20 per lot for index and crude oil trading. Each account type has its own minimum deposit requirement, lot sizes, leverage, and trading style specifications.

Margins

MRG applies margin charges to clients for various types of trades, such as day trades and overnight positions. The specific margin requirements differ depending on the account type. For Gold, Silver, and Platinum accounts, the margin requirements per lot are $100, $50, and $1,000, respectively.

Deposit & Withdrawal

MRG recommends that clients primarily make deposits and withdrawals via local bank transfer. However, the company has not disclosed whether any fees are charged for these methods. To make a withdrawal, clients need to follow a few steps. First, they need to log in using their registered username and password. After logging in, they should select the “Withdrawal” menu. Then, they need to enter the withdrawal amount in Indonesian Rupiah and ensure that all the withdrawal details are accurate before clicking “Submit.”

It is important to note that withdrawals made between 00:00 and 12:00 WIB will be processed on the same day by 16:00 WIB at the latest. Withdrawals made between 12:00 and 00:00 WIB will be processed on the following day by 12:00 WIB at the latest.

To make a deposit, clients should follow these steps: log in using their registered username and password, select the “Withdrawal” menu, enter the deposit amount in Indonesian Rupiah, choose the option for local bank transfer, select the appropriate bank account based on the provided details, and ensure that all the deposit information is accurate before clicking “Submit.”

Trading Platforms

MRG offers the MT4 (Metatrader 4) platform, which is widely recognized as one of the most widely used trading platforms among traders. With the MT4 platform, MRG Mega Berjangka provides traders with the opportunity to stay connected to the market at all times. The platform offers various options of Metatrader that can be tailored to suit individual needs.

The MT4 platform is known for its user-friendly interface and comprehensive charting capabilities, allowing traders to analyze price movements, apply technical indicators, and implement various trading strategies. It also provides real-time quotes, news feeds, and a wide range of trading tools to enhance the trading experience.

Traders using the MT4 platform can access a variety of financial instruments, including Forex, commodities, indices, and CFDs. The platform supports multiple order types, including market orders, limit orders, and stop orders.

One of the advantages of the MT4 platform is its extensive library of third-party plugins and expert advisors (EAs). Traders can utilize these tools to automate their trading strategies, perform backtesting, and receive trade signals based on predefined conditions.

Trading Tools

MRG provides educational resources to enhance traders' knowledge and understanding of the financial market. They offer explanations of common terms related to the financial market and financial instruments. This educational material can be beneficial for traders looking to expand their understanding and improve their trading strategies.

Mekanisme Trading:

MRG offers trading mechanisms that allow traders to execute their trades. These mechanisms provide a platform for traders to enter, modify, or close their positions in the financial market. The trading mechanisms offered by MRG facilitate the buying and selling of various financial instruments, providing traders with the necessary tools to participate in the market.

Tips Trading:

MRG provides trading tips to assist traders in making informed decisions. These tips may include market analysis, trading strategies, and insights into potential trading opportunities. The tips offered by MRG can be helpful for traders looking for guidance and ideas in their trading activities.

Customer Support

1. Penanganan Pengaduan Nasabah: MRG provides a customer support unit specifically dedicated to handling customer complaints. This unit is responsible for addressing and resolving any issues or concerns raised by customers. Customers can contact the Unit Pengaduan through various channels, including telephone and email. The customer support team aims to provide prompt assistance and aims to respond to customer inquiries within a maximum of 2x24 hours.

2. Unit Pengaduan: The Unit Pengaduan is the department within MRG that focuses on handling customer complaints. Customers can reach out to this unit via telephone at 021-7278 1710 (Hunting) or 021-7278 1721. Additionally, they can also contact the unit through email at customercare@mrgfutures.co.id. The Unit Pengaduan is responsible for providing complaint handling services to customers and explaining the Standard Operational Procedures (POS) for complaint handling, including the procedures for using the BAPPEBTI Online Complaint System.

3. Contact Information: MRG's customer support can be reached through various contact channels. Customers can fill out the contact form available on their website or directly contact the Unit Pengaduan through the provided telephone numbers. The company's official website is www.mrgfutures.co.id. The physical address of MRG is Senayan City, Panin Tower Lt. 22, Jl. Asia Afrika Lot 19, Jakarta Selatan 10270.

Conclusion

In conclusion, MRG Mega Berjangka has both advantages and disadvantages. On the positive side, MRG offers a range of market instruments for trading, including forex, gold, US indices, and crude oil, providing investors with diversification opportunities. They also provide the widely recognized MT4 trading platform, known for its user-friendly interface and comprehensive charting features. Additionally, MRG offers multiple account options with varying leverage ratios and low minimum deposit requirements. On the other hand, MRG's lack of valid regulation raises concerns about its credibility and potential risks associated with trading. The limited information provided about trading terms, fees, and alternative payment methods is also a disadvantage. Traders should exercise caution and consider these drawbacks before engaging with MRG Mega Berjangka.

FAQs

Q: Is MRG a legitimate broker？

A: Based on the information provided, MRG lacks valid regulation and has been flagged as suspicious. It is advised to exercise caution and be aware of the potential risks associated with dealing with MRG.

Q: What market instruments does MRG offer？

A: MRG offers trading opportunities in Forex, Gold, US Indices, and Crude Oil.

Q: What are the different account types offered by MRG？

A: MRG offers three account types: GOLD, SILVER, and PLATINUM, each with its own specifications and features.

Q: How do I open an account with MRG？

A: To open an account with MRG, visit their website, click on the “Register” menu, fill in the required information accurately, select the account type, enter the captcha correctly, agree to the Terms & Conditions, double-check the provided data, and click “Submit.”

Q: What leverage options does MRG provide？

A: MRG offers leverage options of 1:100 for GOLD and PLATINUM accounts, and 1:200 for the SILVER account.

Q: What are the spreads and commissions charged by MRG？

A: The spreads and commissions vary depending on the account type. The GOLD account has a spread starting from 2.3 pips, the SILVER account has a spread starting from 0.8 pips, and the PLATINUM account has a spread starting from 2.3 pips. Commissions are $30 per lot for forex and gold trading, and $20 per lot for index and crude oil trading in GOLD and PLATINUM accounts, while the SILVER account has a fixed commission of $8 per lot for all trades.

Q: How can I make deposits and withdrawals with MRG？

A: MRG recommends using local bank transfer for deposits and withdrawals. The specific fees associated with these methods are not disclosed. To make a withdrawal or deposit, follow the instructions provided on the MRG website.

Q: What trading platform does MRG offer？

A: MRG offers the widely recognized MT4 (Metatrader 4) platform, known for its user-friendly interface, comprehensive charting features, real-time quotes, news feeds, and a wide range of trading tools.

Q: What trading tools does MRG provide？

A: MRG provides educational resources, trading mechanisms for execution, and trading tips to assist traders in making informed decisions.

Q: How can I contact MRG's customer support？

A: You can contact MRG's customer support unit dedicated to handling customer complaints through telephone numbers or email. The contact information can be found on their official website.

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.