Samtrade FX companies placed in judicial management
The Samtrade FX judicial managers will be former PwC partner Goh Thien Phong, and Chan Kheng Tek from PwC Singapore.
The Samtrade FX judicial managers will be former PwC partner Goh Thien Phong, and Chan Kheng Tek from PwC Singapore.
Samtrade FX confirmed our earlier report that it is unable to either complete client trades, or honor client withdrawal requests.
Samtrade is in the process of making applications to the Singapore courts to place its corporate entities into judicial management.
There is reason to suspect that irregular trading activities have been carried out on the Samtrade FX platform.
Managed from Singapore, Samtrade was founded in 2017 by entrepreneur Sam Goh as an offshore FX broker incorporated in Saint Vincent and the Grenadines.