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SAGATRADE

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.sagatrade.io/

Website

Rating Index

Contact

+44 2030052148
support@sagatrade.io
https://www.sagatrade.io/
115 Bishopsgate London EC2M 3UE

Licenses

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Disclosure

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Danger

EE FSA
2022-03-30

Warning

EE FSA
2022-02-02
Investor Alerts
SAGATRADE
The Investment Center
BrownFinance

Contact number

English

+44 2030052148

Broker Information

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Company Name

SAGATRADE

Company Abbreviation

SAGATRADE

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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SAGATRADE · Company Summary

General Information

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.

Market Instruments

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.

Account Types

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.

Leverage

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.

Customer Support

SAGATRADEs customer support can be reached through telephone: +44 2030052146 (trading), +442030052148 (support), email: support@sagatrade.io or live chat. Company address: 115 Bishopsgate London EC2M 3UE.

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WikiFX Review: Is SAGATRADE trustworthy?

NewsWikiFX Review: Is SAGATRADE trustworthy?

2022-04-25 12:13

What does SAGATRADE look like? Is SAGATRADE legal in your country? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure and etc. And you should never miss it.

WikiFX
2022-04-25 12:13
News
WikiFX Review: Is SAGATRADE trustworthy?

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平安个贷-小王(成都)
more than one year
They continue to try to get me to deposit money into an account and then try to tell me that I can withdraw my money within a few days if you aren't happy. However, the fact is that you will never get your money back. It's all a scam.
2023-03-09 15:04
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