S.A.M Trade vs FXOpen
S.A.M Trade or FXOpen – which is better for UK traders 2024? Compare S.A.M Trade and FXOpen in this detailed breakdown of their platforms, features and fees.
| S.A.M Trade | FXOpen |
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| S.A.M Trade is ranked #96 among CFD brokers. | FXOpen is ranked #71 among CFD brokers. |
| S.A.M Trade is an STP/ECN broker that was established in 2015. The firm provides an impressive range of features and accounts to adapt to different needs, whilst its several rewards and bonus programmes will motivate traders of all levels. The company has used this ethos to obtain more than 200,000 clients and regulation from the ASIC. | FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| CFDs, Forex, Indices, Commodities, Futures, Cryptocurrencies | Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | £300 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FSC, ASIC, FINTRAC | FCA, CySEC, ASIC |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| The CopySam™ system offers straightforward copy trading across accounts with 10% to 40% profit sharing and a $100 minimum investment. | FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade are supported, two of the highest-rated and easiest to use third-party copy trading platforms on the market. |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| MT4 | Yes |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| Yes | Yes |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $50 | $10 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| S.A.M Trade offers a limited selection of 70 CFD products, with only two commodities and zero shares. However, we were impressed to see 17 of the world's most popular indices and leverage up to 1:500. | FXOpen offers CFDs on multiple assets including forex, stocks, commodities, indices, cryptocurrencies and ETFs. Leverage and spreads vary by instrument, with spreads starting from zero and fast order execution. |
| Leverage | |
| 1:1000 | 1:30 (EU), 1:500 (Global) |
| FTSE Spread | |
| 50 | 0.8 |
| GBPUSD Spread< | |
| 2.4 - 2.6 | 0.2 |
| Oil Spread | |
| 5.0 cents | 4.0 |
| Stocks Spread | |
| NA | N/A |
| Forex | |
| S.A.M Trade offers 30 currency pairs and we found that all majors and most minors are offered via both STP and ECN execution systems. You can trade currency pairs on the MT4 platform with powerful charting and analysis tools. | FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts. |
| Assets | |
| 30 | 50+ |
| GBPUSD Spread | |
| 2.4 - 2.6 | 0.2 |
| EURUSD Spread | |
| 1.7 - 2.0 | 0.2 |
| EURGBP Spread | |
| 2.4 - 2.7 | 0.2 |
| Cryptocurrency | |
| S.A.M Trade supports cryptocurrencies more than most brokers we see. Traders can access 20 different DeFi instruments, including crypto-crypto pairs and crypto-fiat pairs. | FXOpen offers CFDs on 40 cryptocurrency pairs, including cross-pairs with BTC as well as pairs with various fiat currencies such as GBP, USD and JPY. Crypto CFDs are tradeable with leverage of 1:2. Only pro traders can access crypto derivatives in the UK. |
| Spread | |
| Variable | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| S.A.M Trade | FXOpen |
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