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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