SAM Trade

21/01/2022

Dear Clients,

Reference is made to our corporate statement dated 3 January 2022 (https://www.samtradefx.com/news/corporate-statement-in-relation-to-media-release-3-jan-2022).

Our counsel, Messrs Rajah & Tann Singapore LLP, have proceeded to file court applications with the High Court of Singapore on behalf of the following entities to place them into judicial management on 20 January 2022:

(a) Samtrade Custodian Limited;
(b) Samtrade Custodian Pte Ltd;
(c) S.A.M. Fintech Pte Ltd;
(d) Samtrade FX Limited;
(e) S.A.M. Marketing Pte Ltd; and
(f) S.A.M. Trade (V) Limited,

and to appoint Mr Goh Thien Phong from GTP Advisory PAC and Mr Chan Kheng Tek from PricewaterhouseCoopers Advisory Services Pte Ltd jointly and severally as interim judicial managers.

We will provide further updates after the Court has fixed a hearing date for the respective applications.

Further updates on material developments will also be provided, as and when appropriate.

05/01/2022

Reminder: The latest US Non-Farm Payrolls report is set to be published on Friday, which may cause volatility, price gaps and thin market liquidity.

Please trade cautiously and ensure your account has enough funds.

03/01/2022

Dear Clients,

We refer to the media release dated 3 January 2022 by the Commercial Affairs Department of the Singapore Police Force and the Monetary Authority of Singapore (collectively “Authorities”) in relation to investigations into Samtrade FX Limited, Samtrade FX LLP and Samtrade FX (SG) Pte Ltd.

We and our officers will co-operate fully and render all assistance to the Authorities in their investigations.

We have also retained Messrs Rajah & Tann Singapore LLP (https://sg.rajahtannasia.com/) as our Singapore corporate legal counsel to advise us on all legal matters relating to the ongoing investigations.

For more information, please click here: https://www.samtradefx.com/news/corporate-statement-in-relation-to-media-release-3-jan-2022

1.      We refer to the media release dated 3 January 2022 by the Commercial Affairs Department of the Singapore Police Force and the Monetary Authority of Singapore (collectively “Authorities”) in relation to investigations into Samtrade FX Limited, Samtrade FX LLP and Samtrade FX (SG) Pt...

03/01/2022

European markets head for positive open as new year trading begins.

European stocks are expected to open broadly higher on Monday as trading resumes in the new year.

03/01/2022

The “$88 Year-End Credit Bonus + iPhone 13 Giveaway” promotion has ended.
The winners have been contacted.
Congratulations to all our winners! Thank you for your participation.

31/12/2021

Stock futures dip ahead of the final trading session of 2021.

Stock futures were mildly lower on Thursday night ahead of the final trading day of 2021.

31/12/2021

Happy new year to all S.A.M. Trade clients and partners. 🎉 🥳 Wishing 2022 to be filled with health, happiness, and prosperity. 🎈✨ May you have a great 2022 ahead. 💯

30/12/2021

Dear Clients,

Please be informed that our office will be closed on the following dates for the upcoming New Year Day. The operation will resume on 3 January 2022 respectively.

30/12/2021

U.S. oil production set to increase further in 2022, energy expert Dan Yergin says.

U.S. oil production is back and set to increase in 2022 after more than a year of OPEC and its allies "running the show," said oil expert Daniel Yergin.

29/12/2021

Japan’s Nikkei 225 leads gains as Asia stocks rise after S&P 500 closes at new record overnight.

The S&P 500 jumped almost 1.4% overnight on Wall Street to its 69th record close of the year.

29/12/2021

S.A.M. Trade Head of Research and Education Rieve Ko, shared his views today on the direction of the Gold Market for the upcoming New Year on Lianhe Zaobao 联合早报 financial column (29/12/2021).

27/12/2021

China’s industrial profit growth tumbles as raw material prices fall.

China's red-hot factory-gate inflation cooled slightly in November, driven by a government crackdown on runaway commodity prices and an easing power crunch.