Sage FX Review 2023
Sage FX is an MT4 trading broker offering high leverage rates and secure mobile investing.
Sage FX offers trading on major and cross currency pairs.
Sage FX offers retail trading on major stock indices from around the world.
SageFX offers retail trading on financial markets with competitive spreads.
Sage FX offers leveraged trading on crypto and USD pairs.
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.
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.
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.
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%.
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.
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 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.
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.
There are several benefits to trading with Sage FX:
- Secure login
- 24/7 customer support
- 1:500 leverage available
- Competitive trading fees
- Ability to deposit and withdraw via Bitcoin
- Low minimum deposit on Standard account
- Bonus trading competition with $800 cash prize
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.
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.
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 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.
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||No|
|Auto Trading||Yes (EAs)|
|Guaranteed Stop Loss||No|
CFD Trading Details
Forex Trading Details
Cryptocurrency Trading Details
|Crypto Auto Market Maker||No|
Compare Sage FX
Compare Sage FX with similar brokers that accept traders from your location. Among available brokers these are the most similar to Sage FX:
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
Just2Trade – Just2Trade offer high-tech trading on stocks and options with some of the lowest prices in the industry.
Go to Just2Trade
Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
Go to Forex.com
Sage FX Comparison Table
|Sage FX||IG Group||Just2Trade||Forex.com|
|Markets||Forex, indices, cryptos||Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting||Stocks, ADRs, ETFs, futures, options, commodities, bonds||Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options|
|Minimum Trade||0.01 lots||0.1 lots||0.01||$1|
|Regulators||Pending||FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin||CySEC, NFA, FINRA, Bank of Russia||CySEC, IIROC, NFA, CFTC, FCA, CIMA, CIRO|
|Bonus||$1,500 trading competition||–||Up to $2,000 for professional accounts||–|
|Platforms||MT4||MT4, AutoChartist, TradingCentral||MT4, MT5, TradingCentral||MT4, MT5, TradingView, AutoChartist, TradingCentral|
|Leverage||1:500||1:30||1:5 to 1:20||1:200|
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||Just2Trade||Forex.com|
Sage FX vs Other Brokers
Compare Sage FX with any other broker by selecting the other broker below.
|Sage FX is an MT4 trading broker offering high leverage rates and secure mobile investing.|