FIN888 Alert 🚨

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Update (28/01/22) - 1st court hearing summary

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Update (21/01/22)

https://www.samtradefx.com/news/filing-of-court-application-for-judicial-management-and-appointment-of-interim-judicial-managers

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Guys, please check this statement from SAM:

https://www.samtradefx.com/news/corporate-statement-faq

Dear all our customers,

For your information, we have stopped all S.A.M. Trade operations for the time being. This is due to current investigation conducted by Monetary Authority Of Singapore (MAS) towards Samtrade FX Limited.

S.A.M. Trade is currently giving full cooperation towards MAS and decided to immediately suspend all business operations at the moment. The investigation is expected to be for several days or at least by end of the week before we able to resume operation.

However, existing may trade as per usual. All other enquiries such as deposit funds, withdrawals, CopySam, account opening / validation and other enquiries has to be put on hold.

We sincerely apologize for the inconvenience.

You can refer to the official Corporate Statement by SAM Trade HQ in the link below:

https://www.samtradefx.com/news/corporate-statement-in-relation-to-media-release-3-jan-2022

Upcoming latest news, we will share to all our official SAM Trade Genesis social media platform from time to time

IMPORTANT NEWS

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.

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

3. 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.

4. In view of the above circumstances, we will be taking immediate steps to suspend local and overseas business operations of our key operating entities and other affiliated entities, including but not limited to account opening, account changes, settlements, payments, opening and closing of trades.

5. To protect the interests of all stakeholders, we are in the process of making applications to the Singapore courts to place certain entities into judicial management and to seek the appointment of Mr Goh Thien Phong from GTP Advisory PAC and Mr Chan Kheng Tek from PricewaterhouseCoopers Advisory Services Pte Ltd to be appointed jointly and severally as interim judicial managers (“Interim JMs”). Pending the determination of the judicial management applications, the Interim JMs will independently and professionally oversee all matters and affairs relating to these entities.

6. As investigations by the Authorities are ongoing, we seek the understanding of stakeholders that we will not be in a position in the meantime to process any requests or instructions (including for trades, payments or withdrawals). The Interim JMs will provide more details once they have been appointed and assumed operational control.

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

By: SAM GOH

Good Day Everyone,

Recently I received a lot of questions regarding:
- Missing notification
- No trade on 28th Dec onwards
- Problem withdrawing & Profit sharing

So, I would like to address those issues.

1. Missing Notification
- My server operating system (Windows) was automatically updated itself on 25th Dec. Therefore, all my programs was closed. I have re-run everything and it is normal now.

2. No Trade 28th Dec onwards
- On this holiday season (Christmas & New Year), Forex market has low liquidity and high volatility. Therefore it's difficult for master trader to analyst / predict the market.
- (Dont worry) Usually, market will back to normal after New Year

3. Problem Withdrawing & Profit sharing
- SAM has informed FIN888 team that they're having technical error on 28th morning.
- This technical error is affecting the profit sharing & withdrawal
- Please be patient while IT is fixing all these.

⏰ Order Date: 2021.12.24 - 11:30:12
🚨 Order Ticket #156108016
📌 New SELL: EURCADy
💲 Opening Price: 1.45058
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⏰ Close Date: 2021.12.24 - 11:52:08
✅ Closing price: 1.45028
😍 Profit 0.23% / 3 pips
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For more info: @EA_Kiro

⏰ Order Date: 2021.12.24 - 11:30:12
🚨 Order Ticket #156108016
📌 New SELL: EURCADy
💲 Opening Price: 1.45058

⏰ Order Date: 2021.12.23 - 16:28:33
🚨 Order Ticket #155967561
📌 New SELL: EURAUDy
💲 Opening Price: 1.56388
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⏰ Close Date: 2021.12.23 - 16:42:23
✅ Closing price: 1.56371
😍 Profit 0.12% / 2 pips
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For more info: @EA_Kiro

⏰ Order Date: 2021.12.23 - 16:28:33
🚨 Order Ticket #155967561
📌 New SELL: EURAUDy
💲 Opening Price: 1.56388

⏰ Order Date: 2021.12.23 - 10:43:10
🚨 Order Ticket #155890304
📌 New SELL: AUDJPYy
💲 Opening Price: 82.743
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⏰ Close Date: 2021.12.23 - 11:06:34
✅ Closing price: 82.735
😍 Profit 0.07% / 1 pips
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For more info: @EA_Kiro

⏰ Order Date: 2021.12.23 - 10:43:10
🚨 Order Ticket #155890304
📌 New SELL: AUDJPYy
💲 Opening Price: 82.743

⏰ Order Date: 2021.12.22 - 14:32:30
🚨 Order Ticket #155802699
📌 New BUY: GBPAUDy
💲 Opening Price: 1.85401
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⏰ Close Date: 2021.12.22 - 14:57:36
✅ Closing price: 1.85413
😍 Profit 0.09% / 1 pips
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For more info: @EA_Kiro

⏰ Order Date: 2021.12.22 - 14:32:30
🚨 Order Ticket #155802699
📌 New BUY: GBPAUDy
💲 Opening Price: 1.85401

⏰ Order Date: 2021.12.21 - 15:57:52
🚨 Order Ticket #155705047
📌 New BUY: EURAUDy
💲 Opening Price: 1.57902
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⏰ Close Date: 2021.12.21 - 16:22:12
✅ Closing price: 1.57924
😍 Profit 0.15% / 2 pips
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For more info: @EA_Kiro

⏰ Order Date: 2021.12.21 - 15:57:52
🚨 Order Ticket #155705047
📌 New BUY: EURAUDy
💲 Opening Price: 1.57902

⏰ Order Date: 2021.12.21 - 10:58:19
🚨 Order Ticket #155629434
📌 New SELL: AUDCADy
💲 Opening Price: 0.92262
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⏰ Close Date: 2021.12.21 - 11:08:42
✅ Closing price: 0.92300
😢 Loss: -0.29% / -4 pips
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For more info: @EA_Kiro

⏰ Order Date: 2021.12.21 - 10:58:19
🚨 Order Ticket #155629434
📌 New SELL: AUDCADy
💲 Opening Price: 0.92262

⏰ Order Date: 2021.12.20 - 15:48:24
🚨 Order Ticket #155475802
📌 New SELL: AUDCADy
💲 Opening Price: 0.92171
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⏰ Close Date: 2021.12.20 - 16:12:56
✅ Closing price: 0.92153
😍 Profit 0.14% / 2 pips
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For more info: @EA_Kiro