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

[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.