Samtrade FX broker hires investor and analyst Derick Tan as senior adviser

By Andrei Skvarsky.

Trader, investor and market analyst Derick Tan, founder of two Singaporean companies, has been hired as a senior adviser by Samtrade FX, a foreign exchange broker mainly active in Asia.

Samtrade FX appointed Tan as a member of the board of advisers and “brand ambassador”, according to a statement from the Vanuatu-based brokerage, which is preferred by many traders but has caused some raised eyebrows due to being outside the reach of world-recognised regulators.

Samtrade FX has a network of offices in Singapore, Malaysia, Indonesia, Vietnam, and Shanghai.

Timing & You, one of the companies founded by Tan, is a research firm focusing on cycle analysis and running a programme of guidance for individuals on how to survive in a sovereign debt crisis. The other company, Dreampreneur, is a management consultancy.

The ForexBrokerz portal says Samtrade FX is “preferred by brokers and traders alike” and credits it with a “user friendly interface, multiple options, indicators and analysis tools and third party add-ons” but warns that the company is “an offshore broker with practically non-existent regulation”.

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