Frustrated With The Stock Market? Here’s How We Got 6% Returns With Copy Trading In Less Than One Month

If the 1990s was the age of the Internet, the 2020s would be the age of convenience. Today, you can outsource almost everything from grocery shopping to investing. And why not? Time is money; you don’t have to do everything yourself. With things like investments, it may even be better to let the professionals take care of it for you.

This explains why robo-advisors have grown so popular in Singapore. You pay them a fee (usually much lower than a human financial advisor) and they manage a portfolio of stocks, bonds, and other typical asset classes for you.

But what if you want to invest outside of these plain vanilla assets, but lack the time or know-how to do it yourself? Wouldn’t it be great if there was a robo-advisor for these specialised investments?

That’s where a platform like Samtrade FX comes in. As you can guess, it’s an online foreign exchange (FX) trading platform. And if you’re keen to start FX trading but don’t exactly know how, the ‘CopySam’ function (Copy trade) on Samtrade FX does the trade automatically for you.

All trades are managed and executed automatically by the algo robot, Falconer/Fin888. This includes profit taking and risk management. The aim of the copy trade is to provide investors with a hassle-free (and stress-free) means of earning passive income through FX. 

While all trades are executed by the robot, the investing methodology behind it is 50% algo-based and 50% human trading. This human element is important as it avoids volatile news-driven moves that are unpredictable and may go against the trend.

Overview of FX Copy Trade 

Here’s some key facts of the copy trade function:

  • Trade on multiple pairs – EURUSD, USDJPY, EURCHF etc
  • Trading frequency: The robot trades an average of 1 to 4 times between 1800hrs to 2400hrs SGT
  • Trading rules: No two trades are executed in the opposite direction. No Martingale trades. No overnight trades and risks
  • Trading style: High probability scalp trades (Small, quick profits to reduce risk) averaging 4 minutes

Track record and our actual returns 

As with any investment, people want to know its past performance. Well, the win rate for the copy trade tool is very high at around 80%. 

Although past performance is not a predictor of future performance, The Frugal Fox is quite reassured to know that the ‘CopySam’ performance has been very consistent since its inception back in 2019.

This suggests that the methodology and algorithm behind it works. All performance and statistics can be verified here too. is an independent site that verifies the authenticity of the FX trading algos in the market.

Based on the current and historical performance of the copy trade function, the monthly return is 7 – 9%. If you were to compound the monthly profits for 2020, the annual return for last year was more than 150%.

The Frugal Fox started investing in ‘Falconer’ Copy Trade on 1st April 2021. So far, here are our actual returns. That is a USD$632 profit, which translates to a 5.97% ROI. 

Here’s a snapshot of our actual trades executed by the copy trade function on Samtrade.

Is Copy Trade risky?

All investments have risks. It’s our job as investors to understand these risks and judge for ourselves whether we have the appetite to take them. 

There are two ways you can lose your capital with this platform.

  1. Samtrade FX closes shop and winds down. This is a risk that all trading brokerages from Tiger Brokers to Saxo Markets face. With Samtrade FX, we think this risk should be very remote. SamtradeFX is established and is currently listed in the US OTC market.
  • Moreover, your funds are deposited in segregated custodial bank accounts. What this means is that Samtrade cannot use your money for their operating expenses or their own needs. Your funds are kept separate from their money, so in the event Samtrade FX goes into liquidation, all clients will get back their share of segregated funds. The process is administered by an independent third party trustee approved under the trustee arrangement.
  1. The robot makes a lot of consecutive losing trades. For instance, the copy trade algorithm would need to make 34 consecutive bad trades for you to lose 10% of your capital, based on its current performance. And 337 consecutive bad trades for you to lose 100% of your capital. 

Do the math. Based on probability, the chances of this happening are extremely low. What’s more, the moment we notice the robot is not performing, we can choose to withdraw our funds immediately.

Another thing that set our mind at ease is Samtrade’s Negative Balance Protection policy. Simply put, you can’t lose more than what you put in.

This is actually important because in strategies like margin trading, you can lose a lot more than what you invested. Remember the 20-year old Robinhood client who committed suicide after seeing a negative $730,000 balance on his account? That poor kid had little understanding of how margin trading worked on the Robinhood platform. 

So we see it as a good thing that Samtrade’s policy ensures traders – especially more inexperienced ones – don’t lose more than the balance on their account. 

How much do you need to invest?

The minimum investment amount is USD1,000. 

There’s absolutely no lock-in period as well. You can choose to withdraw all your capital without penalties, at any time. But while there are no fees or penalties charged if you close your account, do note there’s a 2% service fee that’s levied to cover the charges by a 3rd party payment provider.

To test this out, we tried withdrawing $20 on 13 April (refer to the transactions above). Withdrawals to bank accounts take 1 – 4 business days and we received our funds within a day. 

One tip we’d like to share is to make periodic withdrawals (2% charge) of your profits so that your capital will eventually be fully withdrawn one day. Thereafter, the balance in your account is pure profits being compounded for future gains. 

How does FX Copy Trade make money?

Just like robo-advisors, the ‘CopySam’ feature charges a fee for managing your FX trades for you. The difference is that the structure here is a profit sharing model that aligns the interests of the platform with that of investors.

For capital amounts of USD10,000 or less, the profit sharing ratio is 65:35. You pay 35% of your profits as fees to the robot, and you keep the other 65%.

For capital amounts of USD10,000 or more, the profit sharing ratio is 75:25. You keep 75% and the 25% goes to the robot. If you take a look at our daily trade transactions above, our profit sharing is 25% of the previous day’s profits. 

At first glance, this sounds like a lot in fees. But profit sharing happens only when your overall daily trades are positive. If your trading day is negative, there will be no profit sharing. If there is a negative day, the negative amount will carry forward to the next trading day and offset against any positive amount for profit sharing.

Here’s what we mean. Say you lose $10 on Day 1 but make $30 on Day 2. The amount counted towards profit sharing on Day 2 is $20. On Day 1, no profit sharing happens. We actually faced a day where no profits were made (20/04) and if you noticed, profit sharing only happened when the losses were recovered the next day. 

More than just profits from FX trades 

What we like about FX Copy Trade is that you can generate income streams beyond just your FX trading profits.

First, there is a referral program. The introducer will earn a referral rebate of between 1% to 4% of all the profits of their friends, and friends of friends, up till 7 levels of introduction away. The additional 1% – 4% comes from Samtrade FX’s commissions, so friends you refer do not earn less in profits.

Second, there is a rebate program from the FX spreads of the trades made. The introducer will be given trade rebates of between USD 2 – 4 per lot, per trade. This can add up to quite a lot when you combine the number of friends introduced and the number of trades they make per day.

Overall, we see this as a win-win for everyone. Samtrade FX gets more clients, and you’re incentivised to share about the platform with your friends. 

More details on this program will be explained separately.

Is Samtrade FX regulated by MAS?

At the moment, Samtrade FX is not MAS licensed. The platform is a member of the Financial Commission. That’s an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. 

Will your money be safe with Samtrade?

All client funds are held safely in a segregated account with Samtrade. Samtrade safeguards our funds and the copy trade tool only has the ability to execute buy/sell trades on MT4 for Samtrade accounts. All fund withdrawals can only be done by the investors on Samtrade platform. All trades can be monitored live on the MT4 trading platform.

In case something goes wrong, there is third party insurance too. ALL existing and new clients from Indonesia, Malaysia, Singapore, Thailand and Vietnam that fund with Samtrade FX will be protected under WikiFX assurance center, where clients can apply claims of up to USD 7,000 for compensation.

How to sign up

Step 1: Sign-up here

Step 2: At the sign-up page, click “Individual” account. Fill in the rest of the details.

Step 3: Under leverage ratio: use the default 1:100.

Step 4: You will need to upload a colour copy of your ID for verification. Please note you cannot use the back of your IC for address verification. 

Step 5: After Samtrade has verified your details, you can proceed to fund your account. Verification takes about 1-2 business days.

Step 6: For funding, choose Local Bank Transfer International. Add your Bank Details. You will need to prepare a bank statement showing your address for the second round of verification. Easiest way is to use FAST Transfer or Paynow from a local bank using SGD. It’ll auto-convert to USD based on prevailing exchange rate. There’s no way you can deposit from the bank in USD.

Step 7: Once your funds are credited to your account, download MetaTrader4(MT4) from the Appstore or Playstore. Use the ID and password that Samtrade emailed you to login to MT4 app. After that, all done! You’ll be able to monitor the trades real time.

You can PM us at this telegram link if you have any questions:


Minimum investment or top up is USD 1,000 and not SGD 1,000!

Disclaimer: This article is for information and is not financial advice. Always do your own due diligence before making any investments.

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