Samtrade FX is now publicly traded on US OTC Markets, launches Cryptocurrencies CFDs and new Funding Channels
12 March 2021 To our valued clients,
As part of our Vision 2025 initiative, Samtrade FX is making further bigger strides into the financial digital space. We are pleased to announce that our related subsidiary, S.A.M. Trade (Asia) Pte Ltd, will be publicly traded on the OTC Markets with the symbol (OTCMKTS: SMFX) on 31 March, 2021. As valued Samtrade FX clients, we would like to share this milestone with you first-hand.
The OTC Markets Group was formally established in 2010, to facilitate the trading of equity securities, corporate bonds, government securities, and certain derivative products. Regulated by FINRA and the SEC in the United States of America, the OTC Markets platform currently hosts trading by a network of over 80 established broker-dealers and institutions making markets for about 11,000 OTC securities. Prominent companies like Tencent Holdings Ltd (OTCMKTS: TCEHY), AIA Group Ltd (OTCMKTS: AAGIY), Nestle S.A. (OTCMKTS: NSRGY) and Volkswagen AG (OTCMKTS: VWAGY) also trades on the OTC markets platform.
Last year, Samtrade FX successfully inked sponsorship agreements with two football teams; the English Premier League Wolverhampton Wanderers Football Club (“Wolverhampton Wanderers FC”) and the EFL Championship team Cardiff City Football Club (“Cardiff City FC”). We are pleased to say that our drive and relentless culture to succeed resonates well with these premier clubs, and our association with them have undoubtedly increased our global brand equity tremendously.
This year, in our continued commitment to our clients to provide seamless trading experiences, we acknowledge the growing demand of trading cryptocurrencies which has a 24/7 market. Thus, we are pleased to make our second announcement which is the introduction of this new asset class on our trading platform. Our clients will be able to trade Bitcoin (BTC), Ethereum (ETH) and some more popular cryptos related CFDs on our platform very soon.
In line with trading the more popular cryptocurrency CFDs, we have also extended a new digital funding channel to include Tether (USDT) and USD Coin (USDC).
With the introduction of cryptocurrencies related products and funding channels, coupled with the firm’s foray into the US OTC markets, Samtrade FX remains extremely pleased with our commitment to serve our clients well, and fulfil our ambition to be a global financial powerhouse by 2025. We take this opportunity to thank all our clients and partners for your continued support.
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD) is speculative and carries a level of risk that may not be suitable for all persons interested in trading online. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with Forex and CFD trading online, and seek advice from an independent financial advisor if you have any doubts.
This marketing material is for your private information, and we are not soliciting any action based upon it. It does not constitute an offer, solicitation or recommendation with respect to the purchase or sale of any security. This material is not intended to form the basis of any investment decision and does not constitute or form part of any offer to sell or an invitation to subscribe for, hold or purchase any securities or any other investment, and neither this presentation nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Samtrade FX Ltd does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.