NOT RUNNING AT THE MOMENT
Fin888 is a trading bot that trades on the FOREX. This robot exists since 2019.
The daily performance target is around 1%. The monthly target is between 8 and 12%.
There is no license to buy upfront like we can see with other robots Instead, the business model is profit sharing.
- 35% if the account holds less than $10,000
- 25% if the account holds more than $10,000
The trading model is scalping and the bot will enter a trade with Take Profit (TP) and Stop Loss (SL). The maximum drawdown is 1.4%. The win rate is at 83%.
The average performance since the robot started in 2019 is a return of on average 10%-12% per month.
The robot is trading using the scalping technique. Scalping is the most short-term form of trading. Scalp traders only hold positions open for seconds or minutes at most. These short-lived trades target small intraday price movements. The purpose is to make lots of quick trades with smaller profit gains but let profits accumulate throughout the day due to the sheer number of trades being executed in each trading session.
The foreign exchange (FOREX) market is a global decentralized market for trading all currencies. This market defines the foreign exchange rate for every currency. When you transact on the exchange, it is always setup as trading pairs meaning that you always buy one by selling another one. It is by far the largest market in the world by trading volume. The market is open 24h a day 5 days per week.
The Broker: SamTrade FX
SamtradeFX is registered and regulated by the Financial Services Authority of Saint Vincent and the Grenadines with registration number : 25290.
SamtradeFX is regulated in Canada by Fintrac under the MSB M19977589 and in Australia by the ASIC (Australian Securities and Investments Commission).
Samtrade FX is registered and has been audited by WikiFX, a third party service in charge of auditing Forex brokers.
Samtrade FX has a sponsorship deal with Valencia Club de Futbol (“Valencia CF”) and Cardif City.
Step-by-step Registration Procedure
Step1: Register with FinCommunity
Register on FIN Community by clicking on the button below. You will be taken to the FinCommunity account opening form.
Create your “individual” account by filling the form with:
Step 2: Fill in your personal information
Fill in the form wit your personal information.
If the referral code is empty and you would like to be referred by our team, make sure to put the referral code as “kev23”.
Then click “Proceed”.
Once registered, you will receive 2 emails:
- One to validate your email address
- Another one with your login and password for SamTrade FX
Step 3: Register on Samtrade FX
On the email containing your SamTrade FX login/password, click on the button “Enter S.A.M” and use the login/password.
They will require you to change the password.
Step 4: Fill in your personal information
On the form, ùake sure that Account Type is set to “FIN888 – USD” and Leverage to “1:100”. In case they are not set by default, make sure to restart the procedure from Step 1 using the link above, it is mandatory to get access to the robot.
Fill in your employment information to the best of your knowledge.
Select your case in the US Resident Declaration. US citizen needs to disclose this information for tax purposes.
Check the box once you have read the conditions and click the “Save Particulars” button.
Step 5: Verify your identity
The broker needs to verify your identity (KYC). You will need to upload an identity document (national identity card or passport) and a proof of address of less than 3 months (phone bill, internet bill…).
Use the dropdown to select the document type.
- Front side of IC: Front side of your ID document
- Front side of IC: Front side of your ID document
- Proof of residential address (less than 3 months old)
Step 6: Fill in the questionnaire
To ensure a validation of your trading account, you need to have a certain knowledge of trading.
- Investment Background : Maximized Capital Growth
- Level of Acceptable Risk : Moderate
- Margin Foreign Exchange : Moderate Experience
- Margin Contract For Difference : Moderate Experience
- Options : Moderate Experience
- Futures : Moderate Experience
- Exchange Traded Contracts : Moderate Experience
- Securities : Moderate Experience
Fill in the income information and where it comes from:
Politically Exposed Person Declaration: “I am NOT a political exposed person (PEP)”
Accredited Investor Declaration: “I an NOT an accredited investor”
How did you hear about Samtrade FX:
Check “Referral form a friend or family member” and indicate in the relevant field “kev23”, this allows access to the FIN888 robot and also benefits from FIN888 support. Otherwise, you might not get access to the trading bot.
Click on the “Submit” button.
Your registration is now complete.
You have to wait for the account to be verified and validated. It may take up to 7 business days. You will then receive an email from SameTrade FX with the credentials of your MT4 trading account.
If you don’t hear from them within 7 business days, reach out to their support at email@example.com
Step 7: Two Factor Authentication (2FA)
You might be asked to secure your account with 2FA. Pick your preferred authentication app and scan the QR code or enter the secret key. Make sure to save your secret key somewhere safe. Once activated, you will receive an email and will be redirected to SamTrade FX.
Step 8: Deposit Procedure
Click Top Up
Once your account is validated and you have received your MT4 credentials, you can deposit funds.
Connect to your SamTrade FX and click on “Top Up”.
We recommend using Tether (USDT) for its ease of use and lower transaction fees.
Select a Channel
Then pick on of the 2 following channels:
- Channel 1: network ERC20 or BEP20 – deposit any amount and the transaction fees Binance and SamTrade FX will be automatically deducted
- Channel 3: network BEP20 or TRC20 – you first enter the amount you would like to deposit and you will have to add Binance transaction fees to the amount. SamTrade FX fees will be automatically deducted.
Channel 2 is deactivated.
We recommend using Binance with BEP20 for the lowest fees.
Make the transfer
Select your trading account and enter the amount you would like to deposit. The minimum requirement for the robot to be trading is $1000.
We recommend depositing $1200 to cover the 1% SameTrade FX fees and to avoid dropping below the $1000 in case of negative trades at the beginning.
Click on “Proceed to payment” to obtain the address and the QR code.
Now go to your Binance account and withdraw the money to the indicated address. Don’t forget to select the BEP20 network.
Come back to Samtrade FX and click on the “I have completed” button.
Wait until the transaction is confirmed on the blockchain and the amount will appear in your account.
Step 9: Connect the MT4 Account
Track your earnings on your MT4 Account
Now that you have deposited your capital, you can connect to your Metatrader 4 account (MT4). The app is available on mobile and computer.
Your login/password have been sent by email.
- Login : XXXXXX
- Master Password : XXXXXX
- Investor Password (read only) : XXXXXX
- Server: SamtradeFX-LIVE
We recommend using only the investor password (read-only permission).
On a computer, go to “File” -> “Connect to a Trading Account” and enter all your information.
On mobile, click on “Settings” -> “New Account” -> “Login to an existing account” -> search for the server “SamtradeFX-LIVE” and then fill in your login and investor password.
Now you are ready to track all the trades that the robot will make.
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Trading and investing involves risks. Make sure to only invest what you are ready to lose. Always do your own due diligence before investing your money. Past performance is no guarantee of future performance