Sage FX Review 2024

3 / 5
Sage FX is #68 in our CFD broker rankings.

Sage FX will suit forex traders looking for high leverage and ECN spreads. The broker's prop trading service will also appeal to users looking for funded accounts with up to $200K available.

- Daytrading Review Team

SageFX is an offshore, unregulated CFD broker that offers highly leveraged trading on forex, stocks, commodities, indices and crypto via the TradeLocker platform. Traders can access commission-free trading or an ECN account with tight spreads. While the broker's regulatory status is weak, it does provide segregated accounts and two-factor authentication.

Forex, indices, cryptos
$1,500 trading competition
Credit Card, Visa, Mastercard, Bitcoin Payments, Ethereum Payments

Forex Trading

Trade 7 major, 21 minor and 29 exotic forex pairs with high leverage and a choice between STP or ECN accounts. Support is available around the clock and the TradeLocker forex software is provided.

Stock Trading

Speculate on price movements of 37 US and European blue chip stock CFDs, including Adidas, Intel and Volkswagen. On the negative side, the selection of stocks is limited vs alternatives and direct share dealing isn't provided.

CFD Trading

Trade CFDs on forex, stocks, metals, energies, indices, cryptos and dollar futures. Sage FX offers tight spreads and high leverage on all instruments from 1:100 to 1:500.

Crypto Trading

Trade CFDs with leverage up to 1:100 on 23 crypto pairs with USD including popular tokens like Bitcoin and Ether and lesser-known options like OMG. On the downside, crypto-only pairs are not offered.

✓ Pros

  • Flexible accounts with STP and ECN solutions available
  • Prop trading accounts with multiple funding tiers
  • Ability to deposit and withdraw via Bitcoin
  • Bonus offers and trading competitions
  • Low starting deposit from $10
  • Fast withdrawal processing
  • High leverage up to 1:500

✗ Cons

  • Not regulated by any reputable body
  • Relatively narrow range of asset classes
  • Lacks educational resources and other extra features

Sage FX offers retail trading on popular financial assets with up to 1:500 leverage. The broker offers the TradeLocker 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.

TradeLocker Platform

Sage FX offers the TradeLocker Beta platform. While still in development, we rate the user-friendly design with interactive charting and more than 100 analysis tools. One-click trading is also enabled for fast and convenient order placement.

On the negative side, it doesn’t rival established platforms like MetaTrader 4 based on our tests. It falls short in terms of custom indicators and tools, as well as algo trading.


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.


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%.

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, 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.


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.

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 the platform. 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.


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.


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 the TradeLocker Beta platform. This is still being refined but offers strong technical analysis tools and one-click trading. It will meet the needs of most aspiring traders.

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.

Top 3 Alternatives to Sage FX

Compare Sage FX with the top 3 similar brokers that accept traders from your location.

  1. Vantage – Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

  2. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  3. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

    CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

Sage FX Comparison Table

Compare Sage FX With Similar Brokers
Sage FX Vantage IG Pepperstone
Rating 3 4.7 4.4 4.8
Markets Forex, indices, cryptos CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Demo Account Yes Yes Yes Yes
Minimum Deposit $10 $50 $0 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus $1,500 trading competition 50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
Education No Yes Yes Yes
Platforms TradeLocker ProTrader, MT4, MT5, TradingView, DupliTrade Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Leverage 1:500 1:500 1:30 (Retail), 1:250 (Pro) 1:30 (Retail), 1:500 (Pro)
Payment Methods 5 12 6 11
Visit Visit Visit Visit Visit
Review Vantage

Compare Trading Instruments

Compare the markets and instruments offered by Sage FX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Sage FX Trading Instruments
Sage FX Vantage IG Pepperstone
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes Yes
Silver Yes Yes Yes Yes
Corn No No No Yes
Crypto Yes Yes Yes Yes
Futures No No Yes No
Options No No Yes No
ETFs No Yes Yes Yes
Bonds No Yes Yes No
Warrants No No Yes No
Spreadbetting No Yes Yes Yes
Volatility Index No Yes Yes Yes

Sage FX vs Other Brokers

Compare Sage FX with any other broker by selecting the other broker below.


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SageFX is an offshore, unregulated CFD broker that offers highly leveraged trading on forex, stocks, commodities, indices and crypto via the TradeLocker platform. Traders can access commission-free trading or an ECN account with tight spreads. While the broker's regulatory status is weak, it does provide segregated accounts and two-factor authentication.