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

[AlexR1]

I would recomend you to do a little detective work on Samtrade FX, the company has a risk of being a Ponzi scheme.

Their biggest product is a copytrade product called copysam, people deposit money to them and follow someone elses trades and win or lose if the person they copy is skilled enough.

This all is common, etoro and many other brokers offer the same service, however samtrade has a copyservice called fin888, this service brings constant monthly profits of 10% or more to its investors, and it has done so for years.

You can see the growth/month here:
https://www.myfxbook.com/members/ositek/fin888/6083397


That would be amazing if you are a customer, but it would be horrible if you are the broker unless you can pass that risk pn to a liquidity provider, and many brokers do but that only works if your prices is in line with the market in general.

i and others have compared the prices taken at samtrade and they do not match the prices on the market, they are rigging the prices to give fin888 a profit that can bring in more people to the ponzi and make sure that people leave their money in their accounts since they dont want to lose that 10% per month profit.

Be very careful owning this share, the risks are monumental and this is just a way the owner try to make it legit.

you can also look at licences, there is no valid trading/broker licence.