S A M Trade Asia Pte. Ltd. (SMFX)

[exisnet]

Look at the float, buyers are not advertising...

strange that management and staff dont jump in and buy when their whole company is valued at USD500.000, after all they claim to have 300 staff working for them, they should sit on knowledge and buy if there was any chance of a bargain?

[AlexR1]

strange that management and staff dont jump in and buy when their whole company is valued at USD500.000, after all they claim to have 300 staff working for them, they should sit on knowledge and buy if there was any chance of a bargain?

[exisnet]

No, look at like this: if someone wants find something to complain or reason not invest they will find that reason. I did my Due-diligence. Merry Christmas and wish everyone a Healthy, Safe and Prosperous New Year.

And you don't find anything strange at all that no serious investors has joined in, after all samtrade value is around 500.000 dollars.

[AlexR1]

And you don't find anything strange at all that no serious investors has joined in, after all samtrade value is around 500.000 dollars.

If they had any numbers at all, with 300 on their staff and is it 300.000 customers...that company would have been worth 100 Million or more, just on the alleged growth from 100.000 to 300.000 customers the value should have been 500 million.

The reason is as simple as no serious investors would touch samtrade, they have done their homework, have you?

[exisnet]

I believe Sam is making an empire... Once belief is realty the sp will reflect... if don't believe look for a company believe in... it's actually that simple.


Tell me what makes samtrade a good company to invest in, bit even a quarterly report....

[AlexR1]

Tell me what makes samtrade a good company to invest in, bit even a quarterly report....

[exisnet]

Other words no proof only opinion...

Google fin888

[AlexR1]

Google fin888
Only work with smfx
Constant 10% profit per month
Drawdown under 3% per month
Thousands participate with minimum deposit of 1000 dollars, a lot have 10000 or more (lower comission on higher amount)
Multi level marketing, to the scheme.

Email samtrade and ask them to describe how traders funds are separated

I have looked at the buy sell prices of trades taken by samtrade on fin888 trades, no other broker is close to their prices (makes it impossible to off load at liquidity provider)

All fin888 trades has no slippage, same price for all participants.

If there is 1000 users with an average of 5000 each on the account that equals 5 million or a loss of 500,000/month, why would samtrade keep offering prices that are so wrong?

[exisnet]

Please post facts to back this claim of a 'ponzischeme' - opinion doesn't count as facts...

The problem with samtrade is not their offering, its their participation in a ponzischeme that removes all traces of credability.

[AlexR1]

You can trade crypto with samtrade, you can also deposit and withdraw with it.

The problem with samtrade is not their offering, its their participation in a ponzischeme that removes all traces of credability.

There is hundreds or even thousands of small online brokers similar to SMFX, but most try to be honest..

https://www.alexa.com/siteinfo/samtradefx.com
If you look at their alexa stats, you can see that their keywords is topped by FIN888 and Ovniscalp, these 2 are currently the biggest ponzischemes online, and go through samtrade..Its a massive reason that investors staty away, the company is with 99.999999999% chance not able to cover their customer debt from these schemes.

There is a reason that the value of the company is less than a hotdog stand in New York (and thats a stand in a non ventral position).

Who wants to invest in a company that has no future and will have legal problem showing up very soon?

[corvatsch]

but what are they waiting for to enter the crypto world?
maybe through an EXCHANGE ... agreement with BINANCE or COINBASE ...

[Bearslayer]

News from October....
https://financefeeds.com/centroid-solutions-signs-samtrade-fx-extend-liquidity-distribution/

CENTROID SOLUTIONS SIGNS SAMTRADE FX TO EXTEND LIQUIDITY DISTRIBUTION
OCTOBER 25, 2021 8:36 PM UTC, ABDELAZIZ FATHI
Samtrade FX has partnered with FinTech provider Centroid Solutions, which provides a wide array of services to brokerage firms, including risk management services, connectivity, aggregation, and regulatory reporting.


This alliance will enable Samtrade FX to extend its multi-asset liquidity distribution using Centroid Gateways, an institutional grade connectivity, liquidity management, execution and reporting system. The combined effort will also see Samtrade FX leverage the Centroid24 risk management system.

Centroid Solutions also delivers tailored solutions to foreign exchange and CFDs brokers seeking improved risk visibility, including a proprietary bridge solution for connectivity. Its Centroid 24 risk management suite collects data and produces conclusions that help brokers understand their profitability on both A-book and B-book models of operation.

With its integrated approach to the market, Centroid Solutions is venturing deeper into what is a competitive space in the retail brokerage industry. In 2019, the company expanded its operations to Cyprus, which marked the fourth major geography since the firm established its presence in Dubai, Zurich and Australia.

“Centroid Solution continues to identify innovative approaches to partnerships that enable us to stay at the forefront in the online trading industry. This partnership allows Samtrade FX to incorporate the latest risk management and analytics tools, helping us to take our risk management to the next level. This supports broader commercial strategies with our clients and partners to bring growth opportunities that will also benefit our core business” said Alfred Yue, Head of Dealing at Samtrade FX.

“We are delighted to partner with Samtrade FX and provide our technology solutions for improved connectivity and liquidity management, trade execution and risk management. With Samtrade FX going strength from strength, growing and expanding their business world-wide, we look forward to collaborating closely with their experienced team and supporting their growth and ambitions via our innovative solutions” added Cristian Vlasceanu, CEO of Centroid Solutions.

Samtrade FX made the headlines last year when it struck up a two-year sponsorship deal with Cardiff City Football Club. The deal included ‘Official Global FX Trading Partner’ status for Samtrade FX at the Championship club as well as company branding at the venue.

The agreement marked a first foray into sports sponsorship for Samtrade FX, which is incorporated in Saint Vincent and the Grenadines. The company also secured licenses from the UK’s FCA and Australia’s ASIC. However, Samtrade FX renounced its ASIC regulation and left Australia in 2020.

[arttrading]

missing news ? Nov 3, 2021

https://www.samtradefx.com/news/sam-trade-and-derick-tan-extend-partnership

[exisnet]

It's posted here with comparison to other Brokers that each 100K clients worth ~100mm

[AlexR1]

If they have 300 employees, then their cost of salaries is higher than the total value of the shares..

Each registered customer is worth 3-4 dollars
Each employee under ~$2500

[CaoPanShou]

300 employees, world wide....or were you fat shaming them...
Isn't English fun?

[Bearslayer]

Looks like their website is being updated with new features and info. Up to 200k clients and 300 world wide employees.

https://www.samtradefx.com/milestones

[AlexR1]

The company dont like to comunicate!

I sent an email to samtradingfx support through their homepage www.samtradefx.com asking them the simple question how the funds was segregated and if it was validated through a third party-

Total silence, no response at all!

I then sent an email to https://www.samtradecustodian.com/services through their contact form, same silence.

This is the company that states:
Custodian Services

S.A.M. Custodian has a robust governance and custodial framework to ensure your client monies are securely safeguarded to provide an assurance to your clients that funds received are placed with a custodian with proper framework and functions.

They cant even answer the basic question about who verifies that they keep the amounts deposited by customers on a segregated account.

Proper framework to me is that an accounting company like price waterhouse (or any similar company) check the balances and make sure that samtradefx has enough funds to cover all clients in case all want to withdraw their funds at once.

I think the reason this company not presented any reports at all, is that they wont pass any accounting firms inspections.

[corvatsch]

surely they have to communicate something as soon as possible ...
however today a strong descent, but with practically zero volumes ... 578 !!!

[exisnet]

Patience pays, 766K shares available…

‘If Sam doesn't say something by EOY.

I'll probably take my losses, lick my wounds, and never look back.’

[chemist72]

If Sam doesn't say something by EOY.

I'll probably take my losses, lick my wounds, and never look back.

[Bearslayer]

Sam's killin it. Literally.

[chemist72]

PFMS/SMFX has been a disaster for me.

[AlexR1]

Since samtrade has taken its listed company so seriously, presented historical reports, held shareholder meetings, presented a plan of growth and profitability.

This is a company that not even manage to get their own merchant account with banks to handle deposits by card, they must use a third party service that is expensive (similar to paypal, paypal refused to do business with samtrade, they used to but decided to cut that relationship...i wonder why)

They claim to hold their clients money seperated, that would be a very interesting investigation to see accountbalances at samtradefx and the account balance in that company (verified by independant accountant).

what samtrade do, is proudly inform everyone that they are listed, but they are not presenting any material to that listing making it very dubious.

[AprilFool]

I agree, Sam is too public to be trying to scam shareholders. And he's not yet willing to show his hand. He didn't do a 750-1 rs to just walk away with our money.

$AMF long!

[AlexR1]

https://vocal.media/trader/fin888-review-1-year-testimony-of-joining-fin888

a person trying to convince others to join the ponzi scheme, an interesting part:
What finally convinced me is that this broker is already listed on the American OTC market, this broker has gone public so the possibility of a scam is very small.

[AlexR1]

well done,
most companies would have posted historical growth and earnings together with account balances to show that their is substance in the company. There is no interest in making the shareholders wealthier here, its all about trying to build an image of samtradefx being a credible company.

In reality, there is no proof to how SMFX owns some or anything of the actual broker or any other parts of the business.

I am still of a very strong opinion that samtradefx and fin888 is a ponzi operation and just waiting for the disaster to take place for their investors/traders.

I had hoped i would have more info this week, but i am waiting for a few responses before i can post more here!

[exisnet]

Not about us bought pre/post split riding the merger... the real shareholders will be those buy the news and price appreciation. As soon as the short term penny flippers acknowledge this, it will be a long wait otherwise... imo

i just sent the coe a scathing email. the company should know better than to let the share price get beat up like this. who is driving this train anyhow?

[corvatsch]

you did very well. this management needs a lot of kicks in the ass ...

[BILLBOB1]

i just sent the coe a scathing email. the company should know better than to let the share price get beat up like this. who is driving this train anyhow?

[CaoPanShou]

That just means they haven't paid france their union dues....

[AlexR1]

France financial watchdog has put Samtradefx on a special list of unregulated brokers.

https://www.pressdigital.es/texto-diario/mostrar/3223832/cnmv-advierte-25-chiringuitos-financieros-francia-reino-unido

The National Securities Market Commission (CNMV) has warned about 25 entities in France and the United Kingdom that are providing investment services without having authorization to carry out this activity.

Specifically, the French supervisor has alerted Alpsmarkets.com, Finantiko.net, Fxctinvestments.com, Fxpoint.co, Glluckfx.cc, Pegasus-invest.com, Radixinvest.com, Rodrigmarkets.com, Fr.samtradefx.com, Tcapitaltrading .com, Topcapitalinvest.com, Bitcointrader.site, Intertradesfx.com, Fr.kiplar.com, and Platinumhitech.com.

[AprilFool]

"...or wait it out. I'm gonna hold..."

[exisnet]

Comletely normal, private company buys a shell then RS shares to clean out any (if) note holders and have a clean slate. Current shareholders are riding coattails… Sam didn’t do all this for nothing…

‘ We didn't choose Sam; he chose the shell and did the RS. ‘

[AprilFool]

My thoughts exactly. We didn't choose Sam; he chose the shell and did the RS. All we can do is take a big loss or wait it out. I'm gonna hold, but I'm done buying.

[exisnet]

Yes, I have my eye on it but if the better DD can get the price lower I'm for it.

Ask Price 0.98

You can buy more now ;)

[AlexR1]

Ask Price 0.98

You can buy more now ;)

[AlexR1]

No problem, will put together some more information next week. I hope for you that your due diligence is better than mine, although I doubt it.

[exisnet]

I was only able pickup few thousand shares under a buck, I shoulda coulda nabbed the 1300 @ buck yesterday but I hoping have a few more ‘Ponzi Scheme’ comments…

[CaoPanShou]

MM BS, this has traded below my bid 4 times now.

[AprilFool]

Sad to see the pps drop like this and it will continue until SAM gives us something.
A 750-1 rs and then nothing.

[chemist72]

Without any revenues I'm totally lost on valuation.

Surely, SMFX has some "speculative" value, but I don't how to evaluate that.

This is the OTC after all, and probably the majority of tickers on this market are speculative. In that case, each individual must do their own speculation and valuation, something I don't want to engage in at this time for SMFX.

[molee]

This isn't going very well . Sad to see .

Stay safe >> M

[exisnet]

I'm grateful, with this low float adding causes a run, now I can just sit the bid wait for the FUD traders...

I think you should be grateful that questions is raised.

[Bearslayer]

Look at the share structure here. The mass holders of this stock are pre Sam and lazar people. We can always watch the shell move to another owner. That’s how it works. So either Sam does it or someone else will. No worries.

[AlexR1]

I have traded for years, a friend of mine showed me the fin888 system and was about to join. I looked at it and the numbers was to good to be true.

10% profit or more every single month without exception and a drawdown that never exceed 3%.

Ask any trader in the world and he/she will confirm that it can't be done. As an example a deposit of 2000 dollars would be worth 600000 dollars after 5 years...

It would be worth 185 million dollars after 10 years.

So I started to investigate, and once you start looking, you realise that this setup is a very well planned Ponzi scheme, I was shocked when I realized that the people behind it actually set up their own broker to handle it, the frauds is so thought through.

You complain about me only writing for a day and only negative posts about this stock, I think you should be grateful that questions is raised.

Have a great weekend!

[AlexR1]

It seems like it, there is absolutly no evidence of anything else.

No audited reports to look at, no verification from any third party with any substance.

It's an extremely advanced Ponzi scheme.

[Bearslayer]

Guy was just hatched yesterday and only posts are negative on this board. I wouldn’t give it any credence.

[corvatsch]

in short, a scam at all levels ???

[AlexR1]

Is Samtrade still licenced under ASIC in Australia?

All mentionings of this is removed from Samtrades webpage, i wonder what has happened there?