Sage FX Review and Tutorial 2021

Flag Traders in United States welcome
Sage FX Facts & Figures

Sage FX is an MT4 trading broker offering high leverage rates and secure mobile investing.

Bonus$1,500 trading competition
InstrumentsForex, indices, cryptos
Demo AccountYes
Min. Deposit$10
Pay MethodsBitcoin Payments, Credit Card, Mastercard, Visa
Min. Trade0.01 lots
Regulated ByPending
MetaTrader 4Yes
MetaTrader 5No
cTraderNo
STP AccountYes
ECN AccountYes
DMA AccountNo
Mobile AppsiOS and Android
Auto TradingYes (EAs)
Social TradingNo
Copy TradingNo
Trade SignalsNo
Islamic AccountNo
CFD
SageFX offers retail trading on financial markets with competitive spreads.
FTSE Spread5.0
GBPUSD Spread0.9
Oil Spread0.04
Stocks SpreadN/A
Leverage1:500
Forex

Sage FX offers trading on major and cross currency pairs.

GBPUSD Spread0.9
EURUSD Spread0.9
EURGBP Spread2.5
Assets28
Cryptocurrency

Sage FX offers leveraged trading on crypto and USD pairs.

SpreadFloating
CoinsBTC, XRP, LTC, DASH, ETH, EOS, NEO, TRX
Risk Warning – Your capital is at risk

Sage FX offers retail trading on popular financial assets with up to 1:500 leverage. The broker offers the industry-favourite MetaTrader 4 desktop and mobile application alongside low commissions and tight spreads. Our review explores the company’s background, fees, deposit options and regulatory status. Find out whether to sign up for a Sage FX trading account.

Sage FX Headlines

Sage FX is a legally registered forex broker located in Saint Vincent and the Grenadines. Founded in 2020, the company is still relatively new and thus offers a modest range of financial instruments. With that said, the brokerage is looking to expand its selection of products and tools.

Sage FX is currently awaiting an official license from an established regulatory agency.

MT4 Platform

Sage FX offers the classic MetaTrader 4 (MT4) solution. The easy-to-use platform offers 3 execution modes, 2 market orders, 4 pending orders, 2 stop orders and a trailing stop. As well as 30 standard indicators, 2,000 free custom indicators and 700 paid indicators are also available. Additionally, clients benefit from 24 analytical objects, 9 timeframes and unlimited charts.

MetaTrader 4 is popular among beginners and established traders. The reliable and user-friendly interface allows for extensive customisation and comes with all the features needed to implement a range of trading strategies.

 

SageFX trading platform
MetaTrader 4

MT4 can be downloaded to Mac and PC free of charge. Alternatively, it can be opened in major internet browsers.

Sage FX also has plans to integrate the advanced MetaTrader 5 platform in the future.

Markets

Sage FX provides access to a suite of popular 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 leading 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.

Fees

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.

Note, no commission is charged when using the broker’s standard STP execution model.

Leverage Review

Sage FX offers leverage up to 1:500:

These are significantly higher rates than you will find at most retail trading brokers. This could be in part because Sage FX is not licensed with an established provider. Investors should be careful when trading with such high leverage as losses can accumulate.

Note, the margin call is 100% and the stop out level is 70%.

Mobile Trading

Sage FX does not offer its own mobile application, however, clients can download the MT4 app. Users can execute orders in a single click with push notifications available too. Instant and pending orders can be utilised and traders can pinch and zoom on multiple charts. Whilst not suitable for advanced technical analysis, the app is reliable, free and makes keeping on top of trading positions while on the move hassle-free.

SageFX mobile trading
MT4 app

Deposits & Withdrawals

Sage FX offers instant and simple deposits. Funds can be deposited through a credit or debit card, with Bitcoin, or through Vload, an award-winning platform and payment service for traders. Credit or debit card deposits take 3-5 business days to process while depositing via Bitcoin or Vload allows for instant funding.

When it comes to withdrawals, Sage FX offers immediate withdrawals with zero fees. Withdrawals can be processed via Bitcoin, Vload, or to a credit or debit card. Sage FX also plans to introduce the ability to deposit and withdraw via wire transfers.

Demo Account

Sage FX offers a demo account for MetaTrader 4, meaning you can try out the broker, platform and your trading strategy for free, before signing up for a full live account. The demo account also links to videos and original trading content and enables you to become part of a trading community, learning from others. You can register for a free demo account from the broker’s homepage.

Regulation

Sage FX is a legally registered broker but at present, is not regulated by any government agency. The company has suggested that they are looking into official regulation so we expect it will obtain a license in the near future. Once finalised, this should give traders further peace of mind.

Trading Accounts

Sage FX offers a range of account types, with cryptos, indices, commodities, and metals available to all. Features include:

Setting up an account is quick and easy, allowing you to log in within minutes.

Benefits

There are several benefits to trading with Sage FX:

Drawbacks

Despite the benefits, traders should keep in mind that Sage FX is currently unregulated. As a result, it’s difficult to give the broker an accurate trust rating. Also, as the company is still in its infancy, there are fewer tools and learning resources compared to other more established providers.

Trading Hours

Sage FX is open 24/7, but exact trading times depend on which instrument you are interested in. You can access individual opening times in the instrument specification section on MetaTrader 4. To do so, simply right-click on the asset of your choice then click specifications.

Customer Support

Sage FX offers 24/7 customer support via its live chat function. Support is also available by email, phone and social media. Additionally, the broker has a wide range of frequently asked questions in its support hub, ensuring you can get instant answers to a range of technical queries relating to your account. Head to the ‘Support’ page on the broker’s website to get help.

Security

Sage FX uses a number of security measures to keep client data safe, including segregated funds and two-factor authentication. Segregated funds mean your cash will be held separately from the broker’s capital. Two-factor authentication helps to strengthen the security of your trading account by providing an extra layer when accessing funds.

Sage FX Verdict

Sage FX enables traders to access a wide range of instruments while taking advantage of low commissions and spreads. You can also deposit and withdraw via cryptocurrency, which many traders find attractive. The two-factor authentication for accounts helps to add an extra layer of security though traders should be aware that Sage FX is currently unregulated.

FAQ

Is Sage FX Regulated?

Sage FX is a legally registered broker but is currently unregulated by any government agency. With that said, the company is looking into licensing agreements so this may change in the future.

Is Sage FX Legitimate?

Founded in 2020, Sage FX is a legitimate forex broker located in Saint Vincent and the Grenadines. With a short company history and limited reviews online, it will take some time before Sage FX establishes itself in retail trading circles.

Which Trading Platform Does Sage FX Offer?

The broker offers MT4 with plans to introduce MT5 in the future. Both provide pioneering automated trading systems with expert advisors and extensive analysis tools. MT4 was built for forex traders, whereas MT5 was designed to provide access to CFDs, stocks and futures.

Does MetaTrader 4 Cost Money At Sage FX?

MetaTrader 4 is free to download from the broker’s website. Clients can also open MT4 using the browser link available at Sage FX. Note, some brokers pay for the use of MT4 by widening spreads and increasing trading fees.

Is Forex Trading With Sage FX Good For Beginners?

There are several reasons why forex trading can be an attractive market for beginners. FX is accessible, requiring only a small deposit to get started. Also, the forex market is open 24 hours per day, 5 days a week, though it’s closed for a short period on weekends. There is also an extensive list of forex brokers to choose from.

Accepted Countries

Sage FX accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Sage FX from Iran, Iraq, Japan, Cayman Islands, Malta, Sri Lanka, Zimbabwe, Yemen, Congo, Tunisia.

Alternatives to Sage FX

If you are looking for alternatives to Sage FX we have compiled a list of the top 5 brokers that are similar to Sage FX below. This list of brokers like Sage FX is in order of similarity and only includes companies that accept traders from your location.

  1. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  2. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  3. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  5. Just2Trade – Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
Sage FX is an MT4 trading broker offering high leverage rates and secure mobile investing.

Sage FX vs Other Brokers

Sage FX vs