Samtrade FX withdrawals Blocked Millions trapped on their broker

4evermaat

2nd Lieutenant
Messages
2,242
I'm not sure how this is relevant? Uk residents can trade using ASIC or Cyprus regulated brokers using unrestricted leverage ever since the reduction. Unless you're willing to outright say REMOVED is a scam broker or REMOVED for example. Seems like a bit of a silly comparison.

I'm not currently accusing any other brokerages here. Or making any recommendations. I'm simply saying that if you are judging a brokerage quality based on the amount of leverage it offers, without understanding how they are able to make such an offer (or rather what does the broker have to gain from offering high leverage to retail clients).

Because scam offers often entice people with too-good-to-be-true offerings. And most retail traders won't know what hit them. I will be writing an article soon expounding on this subject.
 

oscarra

2nd Lieutenant
Messages
1,273
Metaquotes initiated this action with extreme short notice with no public statement as usual.

NASTY !
did you save your account history, what we need here are bunch of intraday 5/15 min screenshots, just to see Samtradefx best price meet the Robot tp

well, high leverage requires some LPs, who are they ? (maybe a bunch of well known crooks :oops:
sure hope Singapore Police will dig into this, by the same occasion nail Metaquotes !

ah, to me ASIC remains a Livestock Regulator, milking their public....end of the story

There was a scam a year or so back where I estimated over 2 billion was taken.

company claims 200 000 souls on board, so 10 k deposit per client
 

jackralph96

Private, 1st Class
Messages
27
NASTY !
did you save your account history, what we need here are bunch of intraday 5/15 min screenshots, just to see Samtradefx best price meet the Robot tp

well, high leverage requires some LPs, who are they ? (maybe a bunch of well known crooks :oops:
sure hope Singapore Police will dig into this, by the same occasion nail Metaquotes !

ah, to me ASIC remains a Livestock Regulator, milking their public....end of the story



company claims 200 000 souls on board, so 10 k deposit per client
I'm afraid I don't know the LP's but they claim to have multiple,

I have an excel Export of my trades which i will attach here. The account is not a ECN account it's a standard account so higher spreads with 0 commission. I'm happy to attach my trading activity publicly.
 

Attachments

  • 73930082 Trading History.xlsx
    12.7 KB · Views: 10

jackralph96

Private, 1st Class
Messages
27
NASTY !
did you save your account history, what we need here are bunch of intraday 5/15 min screenshots, just to see Samtradefx best price meet the Robot tp

well, high leverage requires some LPs, who are they ? (maybe a bunch of well known crooks :oops:
sure hope Singapore Police will dig into this, by the same occasion nail Metaquotes !

ah, to me ASIC remains a Livestock Regulator, milking their public....end of the story



company claims 200 000 souls on board, so 10 k deposit per client
Sadly I cannot log into MT4 anymore to even grab chart data so I'm afraid I cannot help with this one due to metaquotes disabling the MT4 logins for samtrade.
 

jackralph96

Private, 1st Class
Messages
27
I'm guessing Samtradefx won't respond to this thread at all. The interim judicial managers from Messrs Rajah & Tann seem to ignore this as well. Very little progress in court or public postings regarding what is happening. it's still looking to be confirmed if 270 million USD is still stuck with this broker. What a mess.
 

oscarra

2nd Lieutenant
Messages
1,273
I'm guessing Samtradefx won't respond to this thread at all. The interim judicial managers from Messrs Rajah & Tann seem to ignore this as well. Very little progress in court or public postings regarding what is happening. it's still looking to be confirmed if 270 million USD is still stuck with this broker. What a mess.

What I understand, according the ceo 270m were to be available, 167m been frozen by S. Police..so some 100m are still missing

hard to show up on Fpa when under arrest :oops:

guess you need to registered as creditor with some local LawFirm, sure this will take....let's say plenty of time
 

jackralph96

Private, 1st Class
Messages
27
What I understand, according the ceo 270m were to be available, 167m been frozen by S. Police..so some 100m are still missing

hard to show up on Fpa when under arrest :oops:

guess you need to registered as creditor with some local LawFirm, sure this will take....let's say plenty of time
From what I heard from the Court case it's just held in their offshore custodian outside of Singapore. But yes this is yet to be confirmed.
 

oscarra

2nd Lieutenant
Messages
1,273
Would have to agree with this statement !!!

but on these Beef Exchanges they know, one sick beast and the herd need’s to be taken down ;)

From what I heard from the Court case it's just held in their offshore custodian outside of Singapore. But yes this is yet to be confirmed.

you noticed, no USD pricing from SamTrade or trades on your account history, just a coincidence ?

......just some info about this “ Financial Commission

https://financefeeds.com/financial-commission-grants-category-membership-status-agra-markets/

https://fintelegram.com/the-financi...ex-continues-it-illegal-activities-in-europe/


https://financialcommission.org/about/financial-commission-leadership/

under PandaTs leadership ? WOW kind of conflicting, maybe they know about the missing money’s
 

jackralph96

Private, 1st Class
Messages
27
but on these Beef Exchanges they know, one sick beast and the herd need’s to be taken down ;)



you noticed, no USD pricing from SamTrade or trades on your account history, just a coincidence ?

......just some info about this “ Financial Commission

https://financefeeds.com/financial-commission-grants-category-membership-status-agra-markets/

https://fintelegram.com/the-financi...ex-continues-it-illegal-activities-in-europe/


https://financialcommission.org/about/financial-commission-leadership/

under PandaTs leadership ? WOW kind of conflicting, maybe they know about the missing money’s
The account history is from Myfxbook so that's probably why. I don't know if any other MT4 brokers display conversion either. but the main currency was in USD for the account.


I've also noticed that the Finacial commission has now unregistered Samtrade FX even though it was a premium member with compensation fund, https://financialcommission.org/samtrade-fx/
 
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