It is completely free to open any account with S.A.M. Trade. Opening an account with S.A.M. Trade provides access to various complimentary webinars and promotions, together with different tiered privileges such as SamRewards™. Click here to open a Live Account with us.
You can trade anytime you wish during the trading hours as set out below.
You can open your position for a couple of hours or even less (intraday trading) or for a couple of days (long-term trading) – up to your discretion. Kindly be noted that swap charges may be incurred for long-term trading, depending on the position and trading instrument.
Please be reminded each instrument have their own trading sessions, you can check the trading session for the specific trading instrument in the contract specifications in the trading platform:
Forex: from Monday GMT+1 00:00 to Friday GMT+1 23:00 (US Market close)
Indices: available for trading from Monday to Friday. For trading hours, please refer to the trading session for the specific trading instrument in the trading platform.
Commodities: available for trading from Monday to Friday. For trading hours, please refer to the trading session for the specific trading instrument in the trading platform.
Cryptocurrencies: available for trading 24/7.
There is no limit in terms of live trading accounts per user.
Yes, all documents will need to be officially translated into English by a suitably qualified translator.
You need to be at least 18 years old to open a live trading account.
Unfortunately, it is currently not possible for a US resident to open a trading account with us.
S.A.M. Trade currently does not provide services to residents of following but not limited to Afghanistan, Belarus, Botswana, Brazil, Burundi, Colombia, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Iraq, Japan, Lebanon, Liberia, Libyan Arab Jamahiriya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Somalia, Somali Republic, South Africa, Spain, Sudan, Syrian Arab Republic, Togo, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe
2FA (also known as 2-factor authentication) is the verification of a user’s online identity using two distinct factors, this is an extra layer of security for you to ensure that you are the only person who can access your account, even if someone knows your password.
The current practice used by most financial institutions is to require the client to go through a 2-factor authentication process:
- a Personal Identification Number (PIN), which is issued by the financial institution and
- a One-Time Password (OTP), which is generated by a hardware token device or software token application or sent via a Short Message Service (SMS) to the client.
S.A.M. Trade offers 2FA using either PIN or OTP for our clients to log in to the Client Portal. Clients will be able to choose their preferred 2FA option upon account opening.
Although 2FA is not compulsory for trading, you are encouraged to adopt 2FA to add extra security to your S.A.M. Trade Account.
Our demo account will expire after 1 month from the date of issue. If you wish to extend or have other queries, you can contact us at either [email protected] or the live chat function after you log in to the Client Portal.
If you are unable to find what you are looking for, or you require additional assistance, you can email us at [email protected] or use the live chat function when you log in to the Client Portal.
There is no time limit on how long you can hold your trades, as long as your trading account has sufficient funds and does not trigger any margin call or stop out.
A margin call occurs when the value of an investor's margin account falls below the broker's required amount. An investor's margin account contains securities bought with borrowed money (typically a combination of the investor's own money and money borrowed from the investor's broker).
A margin call is usually an indicator that one or more of the securities held in the margin account has decreased in value. When a margin call occurs, the investor must choose to either deposit additional money or securities into the account so that it is brought up to the minimum value, known as the maintenance margin, or sell some of the assets held in their account. At S.A.M. Trade, our maintenance margin is set at 100%.
Stop out is a term used referencing to the execution of a stop-loss order. The term “stop out” is used when a sell order is executed when a user-defined trigger point is reached, to protect the trader’s capital. This exit trade may be triggered automatically or manually. It is also applicable to a trader who sets a trailing stop loss to capture profits from long-running trend trades. In this case, the trade may be profitable, but the exit trade keeps those profits from evaporating. At S.A.M. Trade, our stop-out is set as 50%.
If you didn’t find what you were after, contact us directly. We’ll be pleased to help.