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

[AlexR1]

Samtrade FX is registered and regulated by FINTRAC(Financial Transactions and Reports Analysis Center of Canada) under Money Services Business (MSB) with registration number: M19977589.

That sounds great, makes you think that the broker is regulated in a Tier 1 region, but Fintrac has absolutly nothing todo with checking up on a broker.


The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is an agency of the Government of Canada responsible for facilitating the detection, prevention and deterrence of money laundering, terrorist activity financing and other threats to the security of Canada

Samtrade registered with them, and are very happy to make it sound as if they are regulated in Canada..In reality they are only registered and not checked up on at all..