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 How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker

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MrTerracota P
post Feb 6 2021, 10:31 PM

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Hi DrFX / all

What about Samtrade FX ? It’s #107 om your scam list on page 1

But it’s been a few years, wondering if there’s any update/ user experience here?

Thank you
MrTerracota P
post Feb 7 2021, 07:26 AM

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Thanks Dr FX for the fast reply, really appreciate

Quoting from their website:

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.

And did a search on Canada’s FINTRAC:

https://www10.fintrac-canafe.gc.ca/msb-esm/...7065223a317d7d/

I am a newbie and wish to be cautious, will appreciate your thought on this

Thanks DrFX

QUOTE(DrFX @ Feb 6 2021, 10:56 PM)

Mr. SamTradeFX,

SamTradeFX is a SCAM. They have no valid license. End of story.
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MrTerracota P
post Feb 7 2021, 10:13 AM

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QUOTE(AnasM @ Feb 7 2021, 09:37 AM)
how about etoro is it scam?
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Refer to page 1 list on this thread, regularly updated by DrFX (thank you!)

Etoro is not a scam


MrTerracota P
post Feb 7 2021, 03:45 PM

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QUOTE(mohdyakup @ Feb 7 2021, 02:55 PM)
SamTradeFX is a scam.
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Thanks for this, u have any experience?

 

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