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Do you want to know which is the better broker between Titan FX and S.A.M. Trade ?
In the table below, you can compare the features of Titan FX , S.A.M. Trade side by side to determine the best fit for your needs.
EURUSD:18.02
XAUUSD:13.64
EURUSD: -7.2 ~ 2.15
XAUUSD: -40.48 ~ 15.75
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of titan-fx, sam-trade lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Titan FX Review Summary | |
Registered in | Vanuatu |
Founded | 2014 |
Registered | Vanuatu |
Regulated | FSA/VFSC (Offshore), FSC (Suspicious clone) |
Trading Instruments | 250+, Forex, cryptocurrencies, commodities, index CFDs, stock CFDs |
Demo Account | Available |
Max. Leverage | 1000:1 on Micro |
500:1 on Blade/Standard | |
EUR/USD Spread | 0.2 pips |
Trading Platforms | MT4, MT5, Webtrader, mobile trading, and Titan FX social |
Social Trading | Available |
Minimum Deposit | $0 on Micro |
$200 on Blade/Standard | |
Customer Service | 24/5 live chat, contact form |
Phone: +678 27 502, +1 (206) 745-5058 | |
Email: support@titanfx.com |
It is important to 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.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Titan FX is an offshore regulated ECN forex broker broker that was established in 2014. The company offers a range of trading instruments, including orex, cryptocurrencies, commodities, index CFDs, and stock CFDs, as well as several account types with different features such as variable or ECN spreads, and high leverage. Titan FX operates on the MetaTrader 4 and 5 platforms, and offers multiple deposit and withdrawal options with no fees. The broker also provides educational resources such as market analysis and technical analysis, and has a customer support team available 24/5 through multiple channels.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Wide range of trading instruments including forex, commodities, and cryptocurrencies.
Advanced trading platforms such as MT4 and MT5 with social trading capabilities.
No deposit or withdrawal fees.
Multiple deposit options including credit/debit cards, bitwallet, and local bank transfers.
Excellent customer support through live chat, email, and social media platforms.
Educational resources available on the website, including market analysis, news, and forex basics.
Relatively high leverage for cryptocurrencies
Lack of good regulation, which may raise concerns for some traders.
4% withdrawal fee is applied if no trades are made on the account.
Titan FX operates under offshore regulation by the Seychelles Financial Services Authority (FSA, No. SD138) and the Vanuatu Financial Services Commission (VFSC, No. 40313), which may not offer the same level of oversight as more stringent regulatory bodies like the FCA or SEC.
Additionally, the presence of a suspicious clone British Virgin Islands Financial Services Commission (FSC, No. SIBA/L/23/1124) license raises concerns about potential risks associated with authenticity and security.
However, Titan FX does implement some risk management measures such as offering negative balance protection and maintaining segregated accounts to protect clients' funds. These features help mitigate some risks but do not fully compensate for the lack of robust regulatory oversight. Prospective clients should exercise caution and conduct thorough due diligence when considering trading with Titan FX, weighing the benefits of its trading offerings against the potential regulatory risks.
Titan FX offers a diverse range of over 250 trading instruments, including forex, cryptocurrencies, commodities, index CFDs, and stock CFDs. With such a wide variety of instruments, traders have a greater opportunity to diversify their portfolios and access different markets. Forex pairs available for trading include majors, minors, and exotics, while commodity trading covers energies, softs, and metals. The indices offered by Titan FX include major global indices such as the S&P 500, FTSE 100, and Nikkei 225. The company also offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, along with popular stocks such as Apple, Amazon, and Tesla.
Titan FX offers a range of trading account types that cater to different trading needs and styles. The Standard Account is a commission-free forex trading account suitable for discretionary traders and low-volume traders. The Blade Account is suitable for high-volume traders, EA traders, and scalpers. The Micro Account is an account for traders that want to start with zero commission fees, a smaller initial deposit, and better risk control.
The accounts can be opened with a low initial investment of just $200 or even $0, and a free demo account is also available. Base currencies include US dollar, Euro, Japanese yen, Singapore dollar. One of the great things about Titan FX's account types is that there are no account opening or maintenance fees.
Titan FX offers leverage options of up to 1:500 for the Standard and Blade accounts and 1:1000 for the Micro account. The leverage option for cryptocurrencies is up to 1:100.
Account Type | Leverage |
Standard | 500:1 |
Blade | |
Micro | 1000:1 |
High leverage enables traders to amplify their positions and potentially increase their profits, even with a smaller capital investment. However, it is important to note that high leverage also increases the risk of significant losses if the market moves against a trader's position. Therefore, it is crucial for traders to manage their risk effectively and use leverage wisely. While high leverage can be advantageous for experienced traders, novice traders should exercise caution and start with lower leverage ratios until they gain sufficient knowledge and experience.
Titan FX offers competitive spreads on all trading accounts, with some of the tightest spreads available in the forex market.
Account Type | Spread | Commission |
Standard | Institutional grade STP spreads | $0 per trade |
Blade | Raw ECN spreads from 0.0 pips | $3.5 per 100k traded |
Micro | Institutional grade STP spreads | $0 per trade |
Titan FX offers a range of spread and commission structures tailored to different types of traders, providing competitive conditions across its account offerings. For those using the Standard and Micro accounts, the broker provides institutional grade STP (Straight Through Processing) spreads, allowing for transparent pricing without any commission charges. This setup is ideal for traders who prefer a simpler cost structure and are perhaps newer to the forex market.
On the other hand, more experienced traders might opt for the Blade account, which features Raw ECN (Electronic Communication Network) spreads starting from as low as 0.0 pips. This account does carry a commission of $3.5 per 100k traded, reflecting the direct access to underlying market prices and the minimal spread markup.
Titan FX offers a range of trading platforms to suit different trading styles and preferences. Traders can choose from the popular MetaTrader 4 and 5 platforms, which offer advanced charting tools, a wide range of technical indicators, and support for automated trading through expert advisors (EAs) and custom indicators. Titan FX also offers its proprietary social trading platform, which allows traders to follow and copy the trades of successful traders in real-time. This platform is user-friendly and requires no installation or additional software.
Titan FX offers multiple options for deposits and withdrawals, including credit/debit card (Visa, MasterCard), bitwallet, Sticpay, Skrill, Neteller, Bank transfer, cryptocurrencies, and Perfect Money (only for withdrawal). There are no deposit or withdrawal fees, and some methods allow for instant clearing of funds to the trading account. The ability to transact in multiple currencies, including USD, EUR, JPY, and SGD, provides flexibility for traders. However, a withdrawal fee of 4% will be applied if no trades are made on the account, and receipt of funds into the account can depend on the withdrawal method used and payment provider. Local Japanese bank transfer only accepts JPY, and cryptocurrency deposit processing time may depend on blockchain.
Payment Method | Minimum Deposit | Deposit/Withdrawal Fee | Withdrawal Processing Time |
Credit card (Visa, MasterCard) | / | Free | Instant |
Sticpay | 30 USD or equivalent | Free | Instant |
Skrill | 10 USD or equivalent | Free | Within 1 business day |
Neteller | 10 USD or equivalent | Free | Instant |
Perfect Money (only withdrawal) | / | Free | Instant |
bitwallet | / | Free | Instant |
Local Japanese bank transfer | 5,000 JPY | Free | Within 2-3 business days |
cryptocurrencies | / | Free | Instant |
Educational resources are an important aspect of any trading platform, and Titan FX provides a range of resources for its clients. These resources include market analysis, news, forex basics, and technical analysis. The platform offers daily market analysis, which includes an economic calendar, market news, and technical analysis reports. This helps traders stay informed about market trends and events that may impact their trading strategies. Additionally, Titan FX provides forex basics resources, such as trading guides and glossaries, which can be particularly useful for novice traders. Technical analysis resources are also available, including charting tools, indicators, and expert advisors (EAs), which can help traders make informed trading decisions.
Titan FX offers several channels for customer care, including live chat, contact form, phone, email, and social media. Customer support is available 24/5 in multiple languages.
Titan FX is committed to providing exceptional customer service, offering a variety of channels to ensure clients can reach out for support conveniently. The broker offers 24/5 live chat, ensuring quick responses to any inquiries during trading hours. Additionally, customers can contact Titan FX through dedicated phone:+678 27 502, +1 (206) 745-5058, or via email: support@titanfx.comfor more detailed queries. For those preferring written communication, a contact form is also available on their website.
Titan FX's head office is located in Poteau 564/100, Rue De Paris, Pot 5641, Centre Ville, Port Vila, Republic of Vanuatu. They maintain a strong social media presence on platforms like Facebook and LinkedIn, providing updates and engaging with clients.
Furthermore, Titan FX has an extensive FAQ section that covers a wide range of topics from basic company information to specific trading conditions and VPS services.
Titan FX offers a range of enticing promotions designed to enhance the trading experience for its clients. One notable offer is the Free VPS promotion, which is ideal for traders who use Expert Advisors (EAs). To qualify, traders need to trade at least 5 lots and maintain a balance of over $5,000, allowing them to subscribe to Beeks VPS for free, ensuring faster and more reliable automated trading.
Additionally, Titan FX has a Refer a Friend program that benefits both the referrer and the referee; each can earn $50 when the referred friend registers and verifies an account, with the bonus being fully withdrawable.
Furthermore, Titan FX hosts exciting trading competitions such as the June Tournament where participants trade with virtual funds but compete for real cash prizes totaling $3,500. This competition is open to everyone and adds a competitive edge to trading with substantial rewards.
In conclusion, Titan FX offers traders a wide range of trading instruments and platforms to choose from, along with a range of account types to cater to different trading styles and preferences. With low spreads, competitive commissions, and high leverage options, traders can take advantage of market opportunities to potentially maximize profits. The company also offers a range of deposit and withdrawal options with no fees attached, making it easy and convenient for traders to manage their accounts. Additionally, the educational resources and customer support provided by Titan FX ensure that traders have access to the knowledge and assistance they need to make informed trading decisions.
However, the company's lack of good regulation may pose a risk to traders. Overall, Titan FX offers a reliable and competitive option for traders looking to enter the global financial markets.
Is Titan FX regulated?
Yes, Titan FX is offshore regulated by FSA and VFSC.
What are the trading platforms offered by Titan FX?
MT4, MT5, Webtrader, mobile trading, and Titan FX social.
Does Titan FX charge any fees for deposits or withdrawals?
No. Titan FX does not charge any deposit or withdrawal fees, but some payment providers may charge fees for transactions.
What is the maximum leverage offered by Titan FX?
Up to 1:500 for zero standard and zero blade accounts, 1:1000 for zero micro accounts, and 1:100 for cryptocurrencies.
S.A.M. Trade | Basic Information |
Company Name | S.A.M. Trade |
Founded | 2015 |
Headquarters | Australia |
Regulations | Unlicensed broker |
Tradable Assets | Forex, Indices, Commodities, Futures, Cryptocurrencies |
Account Types | Standard Account, VIP Account, ECN Account, Islamic Account |
Minimum Deposit | $10 |
Maximum Leverage | 1:1000 |
Spreads | Varies depending on account type and instrument |
Commission | No commission for most account types; $5 commission per round lot turn for ECN Account |
Deposit Methods | Tether (USDT), Bank Wire Transfer, Visa/Mastercard Credit & Debit Cards |
Trading Platforms | MetaTrader 4 (MT4), CopySam™ |
Customer Support | Contact form, Email |
Education Resources | Educational guides, Membership program |
Bonus Offerings | Not specified |
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.
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.
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.
Pros | Cons |
Wide range of tradable assets | Unlicensed broker |
Different account types with varying leverage options and spreads | Lack of regulatory oversight and accountability |
Availability of MetaTrader 4 (MT4) and CopySam™ platform | Potential issues with fund safety and unfair trading practices |
Educational resources and membership program | Limited avenues for dispute resolution |
Accessible customer support channels |
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:
Trading Instruments | S.A.M Trade | IG Group | Just2Trade | Forex.com |
CFDs | Yes | No | No | Yes |
Forex | Yes | Yes | No | Yes |
Indices | Yes | Yes | No | Yes |
Commodities | Yes | Yes | No | Yes |
Futures | Yes | Yes | Yes | Yes |
Cryptocurrencies | Yes | Yes | No | Yes |
ETFs | No | Yes | Yes | No |
Shares | No | Yes | No | No |
Options | No | Yes | Yes | Yes |
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.
To open an account on S.A.M. Trade, follow these steps:
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.
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:
S.A.M Trade | IG Group | Just2Trade | Forex.com | |
Maximum Leverage | 1:1000 | 1:30 | 1:20 | 1:200 |
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive titan-fx and sam-trade are, we first considered common fees for standard accounts. On titan-fx, the average spread for the EUR/USD currency pair is -- pips, while on sam-trade the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
titan-fx is regulated by FSC,FSA,VFSC. sam-trade is regulated by ASIC,FCA,ASIC,VFSC,FCA,ASIC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
titan-fx provides trading platform including Micro,Standard,Blade and trading variety including 30+ currency pairs, precious metals. sam-trade provides trading platform including ECN,Islamic,Standard,VIP and trading variety including --.