SAGATRADE presents itself as a Britain forex broker that provides traders with a user-friendly trading platform and various trading assets. It also publicizes that it offers relatively high leverage ratio of 1:100, attractive low spreads, as well as a choice of seven customized account types and 24×5 customer support services.
You can trade a wide-variety of trading instruments that include, but are not limited to forex currency pairs, cryptocurrencies, stocks, indices, CFDs, commodities, energies, precious metals and much more.
There are seven trading accounts offered by SAGATRADE, which includes Bronze, Silver, Gold, Platinum, Diamond, Premium, VIP and Islamic. The minimum initial deposit to open a Bronze account is $10,000, while the other six accounts require much higher initial capital, $25,000, $50,000, $100,000, $250,000, $500,000 and $1,000,000 respectively, but we have no way to get how much is required to open an Islamic account.
In terms of trading leverage, the maximum level offered by SAGATRADE is 1:100. However, keep in mind that these leverages will not be the same for every asset. It varies and for cryptocurrency trading, it could be as low as 1:5.
Spreads & Commissions
The website shows that the EUR/USD cost of trade was indicated as being 0.6 pips. And you have to pay commissions on various services provided by SAGATRADE, such as deposit or withdrawal commission. If you want to know more specific information about commissions, you need to give it a call on its customer support number.
Trading Platform Available
When it comes to trading platforms available,SAGATRADE gives traders four choices: MetaTrader4, MetaTrader5, Web-based Trading and Mobile Trading. MT4 offers flexible trading with lots of options to customize your platform the way you like and it is easy to understand and offers you everything trading-related in one place. MT5 is one of the most robust trading platforms because it inherits all the great features and qualities of the MT4 trading platform and incorporates even more features that are completely new, customized, and trader-friendly. Web-based trading allows you to use the platform from anywhere you want without the restrictions of which mobile device you are using and the operating system on that device. Mobile trading platform is available for you on both, Android and iOS operating systems.
Deposit & Withdrawal
SAGATRADE accepts four deposit and withdrawal methods: credit card, debit card, bank wire transfer and internet payment transfers. There are no obvious options for using popular online payment platforms such as PayPal, Skrill, or Neteller. The first deposit or withdrawal is free of charge. If you make any withdrawals or deposits after that, you will have to pay a small fee. However, you have to call it and then get the details of deposit or withdrawal fees.
SAGATRADEs customer support can be reached through telephone: +44 2030052146 (trading), +442030052148 (support), email: email@example.com or live chat. Company address: 115 Bishopsgate London EC2M 3UE.