Sage FX Review 2023
- Daytrading Review Team
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.
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.
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.
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.
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.
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.
- 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
- 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.
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.
Sage FX offers leverage up to 1:500:
- Indices – up to 1:200
- Cryptos – up to 1:100
- FX majors – up to 1:500
- FX crosses – up to 1:500
- Commodities – 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.
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.
Sage FX offers a range of account types, with cryptos, indices, commodities, and metals available to all. Features include:
- Standard – Aimed at traders with smaller deposits. The minimum deposit with a Standard account is $10
- PRO Deposits – Aimed at traders depositing $500 or more. Use the PRO symbols to access spreads from 0.1 pips
- VAR Commissions – Traders that prefer a commission-free setup can use the VAR symbols
Setting up an account is quick and easy, allowing you to log in within minutes.
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.
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.
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.
Sage FX Details
|Minimum Trade||0.01 Lots|
|Mobile Apps||iOS and Android|
|AI / Machine Learning||No|
|Negative Balance Protection||Yes|
|Auto Trading||Expert Advisors (EAs) on MetaTrader|
|Guaranteed Stop Loss||No|
CFD Trading Details
Forex Trading Details
Cryptocurrency Trading Details
|Crypto Auto Market Maker||No|
Top 3 Alternatives to Sage FX
Compare Sage FX with the top 3 similar brokers that accept traders from your location.
IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group
Interactive Brokers – Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
Go to Interactive Brokers
Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
Go to Just2Trade
Sage FX Comparison Table
|Sage FX||IG Group||Interactive Brokers||Just2Trade|
|Markets||Forex, indices, cryptos||CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting||Forex, Stocks, Commodities, Crypto||Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds|
|Minimum Trade||0.01 Lots||0.01 Lots||$100||0.01 Lots|
|Regulators||Pending||FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA||SEC, FCA, IIROC, SFC||CySEC, NFA, FINRA, Bank of Russia|
|Bonus||$1,500 trading competition||–||–||Up to $2,000 for professional accounts|
|Platforms||TradeLocker||MT4, AutoChartist, TradingCentral||AlgoTrader, OmniTrader, eSignal, TradingCentral||MT4, MT5, TradingCentral|
|Leverage||1:500||1:30 (Retail), 1:250 (Pro)||1:50||1:20|
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.
|Sage FX||IG Group||Interactive Brokers||Just2Trade|
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.|