Fin888 Samtrade Review

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When it comes to the best forex trading platform, fin888 has a few essential features that will make you want to try it. These features include regulation, a trading platform, and bonuses. But before you decide to trade on fin888, make sure you know some basic information about the company and its trades.

Financial Transactions And Reports Analysis Centre Of Canada

Canada’s Financial Transactions and Reports Analysis Centre is Canada’s national financial intelligence agency. Its mission is to prevent money laundering and other crimes. To do so, it gathers data and analysis from various sources. FTRAC also monitors the Canadian financial system. This agency identifies suspicious financial transactions and alerts the authorities.

The FINTRAC helps law enforcement agencies detect and prevent money laundering and terrorist financing. It also protects personal information and works with partners in the fight against these crimes. It is based in Ottawa, and its director reports to the Minister of Finance. The FTRAC has the authority to issue penalties when it discovers a potential breach of Canadian money laundering regulations.

The mission of FINTRAC is to protect Canada’s financial system and prevent the financing of terrorism. Its objectives include deterring financial crime and enhancing public awareness of the risks. It also conducts research and analysis of financial services sector information.

Regulation

If you are wondering if fin888 Samtrade is regulated, here are a few essential facts you should know. First of all, it is not regulated by ASIC. Secondly, Samtrade doesn’t have an AFS number, and the number is only valid for one year. In addition, it has never passed the first regulatory review. The regulators have changed Samtrade’s license every time they have been reviewed.

Samtrade FX has been listed on the Singapore MAS’s Investor Alert List, even though the company is unlicensed. MAS has been investigating the company for potential securities law offenses. Under the Securities and Futures Act 2001, a broker cannot perform certain activities unless they hold a capital markets service license. The investigation involves alleged irregular trading activities.

Trading platform

While evaluating the Fin888 Samtrade trading platform, it is essential to note that this is not a regulated broker. You can deposit funds with a credit card or bank transfer, but this account can’t be used for actual trading. Likewise, it would help if you considered the ease of contact with the support team. The Fin888 Samtrade trading platform has customer support available via email, live chat, and a form on its website. You can contact them in English, Mandarin, and Chinese.

Moreover, the Samtrade FX company is under investigation in Singapore. The company, registered in St Vincent and the Grenadines, is not licensed by the Monetary Authority of Singapore (MAS). Its related entities in Singapore are also not regulated by the MAS and are on its Investor Alert List since July 2021.

Bonuses

Samtrade FX offers a generous up to USD 88 credit bonus with a minimum deposit of USD 100. This reputable brokerage is known for its innovation and service excellence and has won awards from various awarding bodies. Besides bonuses, Samtrade FX also offers traders the chance to win a signed Valencia FC jersey. If you deposit USD 100, you’ll be awarded $18 USD; if you deposit USD 200, you’ll get a whopping USD 88.

No deposit bonuses are particularly popular with new traders. This is because they allow new clients to familiarise themselves with their brokerage while trading with zero risk. The bonus amount usually ranges from $5 to $150; some brokers offer more significant bonuses subject to more onerous terms and conditions.

Customer support

Fin888 Samtrade FX is a forex trading platform operated by the FIN888 Group, a licensed Introducing Broker. This trading platform is regulated by the Money Services Business (MSB) under the registration number M19977589. Samtrade FX provides its clients with a Reliable Copy Trading System that uses the latest Artificial Intelligence (AI) to facilitate profitable trading.