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Sage FX

Marshall Islands|2-5 years|
Suspicious Regulatory License|High potential risk|

https://sagefx.com/

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Rating Index

Influence

Influence

B

Influence index NO.1

Netherlands 5.20

Surpassed 54.16% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@sagefx.com
https://sagefx.com/
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960
https://www.facebook.com/TradeLikeASage

Licenses

No valid regulatory information, please be aware of the risk!

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Company Name

Sage FX

Company Abbreviation

Sage FX

Platform registered country and region

Marshall Islands

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Sage FX · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Sage FX Review Summary in 10 Points
Founded 2020
Registered Country/Region Saint Vincent and the Grenadines
Regulation No license
Market Instruments Forex, Crypto, Indices & Commodities
Demo Account Available
Leverage 1:500
EUR/USD Spread 0.8 pips
Trading Platforms TradeLocker
Minimum deposit $10
Customer Support 24/7 multi-lingual live chat, email

What is Sage FX?

Founded in 2020, Sage FX is still relatively new and thus offers a range of financial instruments, offering retail trading on popular financial assets with up to 1:500 leverage. Sage FX is a registered forex broker located in Saint Vincent and the Grenadines. As for regulation, Sage FX disappoints us much, for it is not authorized or regulated by regulatory authority.

Sage FX's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Sage FX is a relatively new broker in the market that offers a wide range of trading instruments. However, the broker is unregulated, which can be a concern for some traders, and there is a lack of transparency regarding commissions and withdrawal processing time. Overall, it is important to carefully consider the pros and cons before deciding whether to trade with Sage FX.

Pros Cons
• Wide range of trading instruments • No regulation
• Low minimum deposit requirement of $10 • Not accepting clients from the USA
• Demo accounts available • No information provided about trading education
• Multilingual 24/7 customer support
• Multiple payment options with no deposit or withdrawal fees

Please note that this table is based on the information available at the time of writing and is subject to change. It's important to do your own research and exercise caution when choosing a broker.

Sage FX Alternative Brokers

    There are many alternative brokers to Sage FX depending on the specific needs and preferences of the trader. Some popular options include:

    • Tickmill - a well-regulated broker offering low spreads and commissions, making it a good choice for traders of all levels.

    • Darwinex - a reputable broker that offers innovative trading tools and a unique social trading platform, making it a good choice for both beginner and advanced traders.

    • Forex Club - a well-established broker that offers a wide range of trading instruments and educational resources, making it a good choice for both novice and experienced traders.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Sage FX Safe or Scam?

The fact that Sage FX does not currently hold a valid regulatory license raises concerns about the safety and legitimacy of the broker. Investors should be cautious when considering trading with an unregulated broker. While the broker claims to offer certain safety measures including Segregated Accounts, Tier One Banking, Risk Management, and 2 Factor Authentication, it is important to thoroughly research and consider all aspects before investing.

protection measures

Market Instruments

Sage FX provides access to a suite of financial assets. Forex traders will be pleased to see 8 major FX pairs and 20 crosses. 8 stock indices are also offered, including the Dax, FTSE, Dow Jones and Nasdaq. For crypto traders, 19 digital currencies are available, from Bitcoin and Litecoin to Ethereum and Dash. Sage FX also offers a handful of commodities, including precious metals and energies. This extensive range of instruments allows traders to diversify their portfolios and take advantage of various market opportunities.

Market Instruments

Accounts

Apart from demo accounts, Sage FX only offers a single trading account type, which they refer to as the “Standard Account”. This account purportedly comes with tight spreads, high leverage, low commissions, and access to over 500 trading instruments. Unfortunately, without proper regulation, it's difficult to assess the safety of trading with Sage FX.

Leverage

    When it comes to trading leverage, Sage FX does give a generous offering, offering leverage up to 1:500, which allows traders to open positions much larger than their account balance. See the following leverage ratio applied on particular instruments:

    • Indices – up to 1:200

    • Cryptos – up to 1:100

    • FX majors/FX crosses/Commodities – up to 1:500

While leverage can amplify profits, it can also magnify losses, so it is important to exercise caution when using high leverage. Sage FX's high leverage may be attractive to experienced traders looking to maximize their returns, but novice traders should be careful and make sure they fully understand the risks involved before trading with such high leverage.

Spreads & Commissions

Spreads compare with some of the biggest names in the industry, with 0.1 pips available on assets. Spreads on major forex pairs start at 0.8 pips while silver is available from 0.5 pips. Spreads also move with market conditions and tighten during periods of high liquidity.

However, the broker has not provided clear information on its commission structure. It is important to note that lower spreads do not necessarily translate into lower trading costs, as high commissions can offset the benefits of low spreads. Therefore, it is important for traders to thoroughly understand a broker's commission structure before trading.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commissions
Sage FX 0.8 pips Low
Tickmill 0.0 pips $2/lot
Darwinex 0.0 pips $4.5/lot
Forex Club 1.6 pips No commission

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

TradeLocker is Sage FX's proprietary trading platform, which is designed to provide traders with an advanced and intuitive trading experience. The platform offers a wide range of features, including advanced charting tools, integrated trading, and deep liquidity from a range of liquidity providers.

With TradeLocker, traders can access over 500 instruments, including forex, indices, commodities, and cryptocurrencies, and can execute trades quickly and efficiently with the platform's user-friendly interface. Additionally, TradeLocker is available on desktop, mobile, and tablet devices, making it easy for traders to access the platform from anywhere, at any time.

Overall, Sage FX's TradeLocker platform is a powerful tool that can help traders to stay ahead of the markets and make informed trading decisions.

TradeLocker

See the trading platform comparison table below:

Broker Trading Platforms
Sage FX TradeLocker
Tickmill MetaTrader 4, WebTrader, Tickmill Trader App
Darwinex MetaTrader 4, cTrader
Forex Club StartFX, Rumus, MetaTrader 4, Libertex

Deposits & Withdrawals

Sage FX offers a variety of payment methods for deposits, including cryptocurrencies, credit/debit cards, and Vload. The minimum deposit requirement is relatively low at $10, and there are no fees for deposits or withdrawals.

Sage FX minimum deposit vs other brokers

Sage FX Most other
Minimum Deposit $10 $100

Deposits made through cryptocurrencies and Vload are processed instantly, while credit/debit card deposits may take up to 3-5 business days. However, there is no information provided on the withdrawal processing times, which can be concerning for traders.

Deposits
Withdrawals

See the deposit/withdrawal fee comparison table below:

Broker Deposit Fee Withdrawal Fee
Sage FX No fees No fees
Tickmill No fees, but may be subject to third-party fees No fees, but may be subject to third-party fees
Darwinex No fees, but may be subject to third-party fees No fees, but may be subject to third-party fees
Forex Club No fees, but may be subject to third-party fees No fees, but may be subject to third-party fees

Customer Service

Sage FX offers comprehensive customer support with a 24/7 multilingual service available through live chat, email or request a callback. Additionally, they provide an FAQ section on their website that addresses some of the common queries and concerns of clients. The broker also maintains a social media presence on platforms like Twitter, Facebook, and Instagram, allowing users to stay updated with the latest developments, promotions, and news related to Sage FX.

sumbit a ticket
FAQ
Pros Cons
• 24/7 multilingual customer support • No phone support available
• FAQ section available
• Social media presence

Note: the above information is based on the information available on Sage FX's website and may be subject to change.

Conclusion

On the whole, Sage FX is an offshore broker that offers a variety of trading instruments, including Forex, Cryptocurrencies, Indices and Commodities, with a minimum deposit of $10 and high leverage up to 1:500. The broker promises low commissions and raw spreads starting from 0.1 pips on a proprietary trading platform called TradeLocker.

However, the broker lacks a regulatory license, which raises concerns about the safety of funds. Additionally, the broker does not offer any educational materials. In conclusion, we advise traders to exercise caution and consider alternative regulated brokers.

Frequently Asked Questions (FAQs)

Q 1: Is Sage FX regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: At Sage FX, are there any regional restrictions for traders?
A 2: Yes. The services of Sage FX and any information provided on this website are not directed at and do not intend to elicit citizens and/or residents of the USA, and are not intended for distribution to or use by any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.
Q 3: Does Sage FX offer demo accounts?
A 3: Yes.
Q 4: Does Sage FX offer the industry leading MT4 & MT5?
A 4: No. Instead, it offers its proprietary TradeLocker platform.
Q 5: What is the minimum deposit for Sage FX?
A 5: The minimum initial deposit to open an account is just $10.
Q 6: Is Sage FX a good broker for beginners?
A 6: No. It is not a good choice for beginners. Though it advertises very well, never trade or invest with an unregulated broker.

User Reviews

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FX1288104341
more than one year
Per my trading experiences of many years, I don’t recommend you guys to use this SageFX. You will find that it has all kinds of traps waiting for you out there. Don’t be easily scammed by an unlicensed broker with high-profits promises.
2023-02-24 16:13
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FX1125642696
more than one year
For me, this broker has a good spread, easy in terms of withdrawals and deposits. this is most important for a trader. this broker is among the best I have ever tried. you can try 5 stars from me.
2022-12-11 11:37
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A55448
more than one year
Sagefx is a good broker. Good spreads on equity indexes, forex pairs and cryptocurrencies. 24/7 customer support team are always available to help. What I truly surprised was that the BTC withdrawals are processed quickly without any fees.
2022-12-06 18:00
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