Sage FX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- 2020
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- 2020
Our Evaluation of Sage FX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Sage FX is a high-risk broker with the TU Overall Score of 2.53 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Sage FX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Sage FX ranks 357 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Sage FX is suitable for both novice traders and professionals. All clients of the broker have the option to register as Introducing Brokers (IBs).
Brief Look at Sage FX
Sage FX is a Multi-Asset ECN (Electronic Communication Network) broker offering its clients 24/7 trading in cryptocurrencies, currency pairs, indices, metals, stocks, and futures. The broker’s activity is subject to the legislation of Saint Vincent and the Grenadines. Any financial disputes are resolved by the courts of that jurisdiction.
- Possibility to trade futures;
- Tier-one liquidity. The broker aggregates institutional feeds from tier-one banks and non-bank liquidity providers;
- ECN technology;
- 24/7 technical support;
- Partnership program for additional passive income;
- Risk management. The company ensures the security and protection of its clients’ funds;
- Fast withdrawal in cryptocurrencies using Vload eVouchers (online-only prepaid digital card).
- Verification of a trading account is mandatory;
- U.S. residents cannot use the services of this broker;
- No negative balance protection.
TU Expert Advice
Financial expert and analyst at Traders Union
Sage FX was established by traders, which means that it focuses on market trends. The broker's servers are in London, which ensures the data center’s stability against heavy trading traffic. At the moment, there is no support for MetaTrader 5 (MT5), but the broker promises to add it soon. To gain access to all the trading services of Sage FX, verification is mandatory. Once identified and verified, traders have access to over 185 trading pairs, 24/7 technical support, and fast deposits and withdrawals. If you deposit money from a bank card, the transfer of funds takes up to 5 business days. Deposits in cryptocurrencies and by Vload come immediately.
Sage FX provides the option to register as an Introducing Broker. Under the terms of this partnership program, IBs receive discounts on spreads.
The broker allows its clients to create such trading accounts as ECN, Competition, and demo. In each of the accounts (except for the demo account), trading is available in subgroups of Majors, Pro, and Var pairs, which differ in their specs. The maximum leverage varies depending on the asset. Leverage is 1:500 for currency pairs and metals, 1:200 for indices and stocks, and 1:100 for cryptocurrencies and futures. For novice traders, there is a FAQs section where answers to most questions are given.
Sage FX Summary
| 💻 Trading platform: | MT4 (WebTrader, desktop, and mobile versions) |
|---|---|
| 📊 Accounts: | Demo, ECN, and Competition |
| 💰 Account currency: | USD, EUR, GBP, CAD, AUD, and BTC |
| 💵 Replenishment / Withdrawal: | Bank cards, cryptocurrencies, PayRedeem, and Vload |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.1 pips |
| 🔧 Instruments: | Currency pairs, cryptocurrencies, metals, stocks, indices, and futures |
| 💹 Margin Call / Stop Out: | 100%/70% |
| 🏛 Liquidity provider: | One-tier banks and non-bank financial institutions |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution, STP, and request exchange |
| ⭐ Trading features: | No requotes or dealing center |
| 🎁 Contests and bonuses: | No |
Sage FX is an ECN broker that offers its clients more than 180 assets to trade. Traders can access only the MT4 trading platform, but the company promises to add MT5 soon. The broker’s clients can register accounts for both retail and professional trading. There are no Islamic accounts. A demo account where you can adjust and test trading strategies is available.
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Trading Account Opening
To start trading, register a user account and create a trading account. The account registration procedure is as follows:
On the broker's official website, fill out a form with your contact details. Next, click the “Sign Up” button.
Upon initial registration and clicking the ”Sign Up” button, the system will prompt you to fill out a more detailed form to specify your phone number, address, and a postal code.
Functionality of the Sage FX’s user account:
Features of the user account include:
View opened trading accounts;
Download the MT4 platform;
Make a deposit;
Withdraw funds;
View clients referred by the Introducing Broker program;
See trading notifications;
Set up the user account.
Regulation and safety
Sage FX has a representative office located in Saint Vincent and the Grenadines. Activities of the brokerage company are governed by the laws of that jurisdiction.
Advantages
- Clients’ funds are kept in segregated accounts
- Scrupulous check of withdrawal applications
- Deposits and withdrawals of funds are regulated by the AML (Anti-Money Laundering) protocols
Disadvantages
- To gain full access to trading features, verification of the user account is required
- Deposits and withdrawals of funds are subject to verification
- The broker can block a user account if there is a potential for dangerous activity
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| ECN | $1.5 | No |
Swaps, which are the fees for transferring a trading position overnight, are charged to the accounts. TU’s comparative analysis of average brokerage fees of Sage FX, RoboForex, and Pocket Option is presented in the table below.
| Broker | Average commission | Level |
|---|---|---|
|
$1.5 | |
|
$1 | |
|
$8.5 |
Account types
Sage FX offers such account types as ECN, Competition, and a demo. A detailed specification will become available only after verification of the personal data in the user account. Leverage for both retail and professional clients depends on the asset type. The maximum leverage for currency pairs is 1:500; for cryptocurrencies, it is 1:100, and for metals, it is 1:500. The minimum trade size is 0.01 lots and the deposit is $10.
Account types:
A demo account is also available on the MT4 platform. Sage FX offers loyal trading conditions to all traders without exception.
Deposit and Withdrawal
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Withdrawals are available in such cryptocurrencies as Bitcoin, Ethereum, Ripple (XRP), Litecoin (Ł), Dogecoin (DOGE), and Tether (₮). You can also withdraw money to bank cards and through the Vload system;
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Applications may be processed within several hours. Traders are notified of the progress of the withdrawal by email;
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If a client has a negative MT4 account balance, then the application is rejected until the account balance becomes positive;
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Sage FX does not impose strict requirements for withdrawing funds through Vload. Although the main condition is the minimum withdrawal amount of $100 or equivalent.
Investment Options
At the moment, the brokerage company offers neither passive investment programs, staking cryptocurrencies, nor trust management accounts using PAMM or MAM accounts.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program from Sage FX:
The broker invites traders to become its partners. Those who wish to receive a stable income, regardless of trading volumes, can register as Introducing Brokers. Sage FX provides all the necessary promotional materials, as well as a media kit for marketing campaigns. Under the terms of the IB program, partners receive discounts on brokerage fees and an additional reward of $2.5 per lot traded through a referral link. If an IB generates more than 1,000 partnering lots within a calendar month, the reward increases to $3.5.
Customer support
Technical support of Sage FX is available 24/7.
Advantages
- Possibility to contact technical support via various methods
- Non-clients of the broker can ask questions
Disadvantages
- Solving an issue can be delayed due to the extensive workload of technical support
Technical support can be contacted by the following channels:
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telephone;
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email;
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online form in the user account;
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ticket system;
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contact the office of the company.
You can use technical support without a registered account.
Contacts
| Foundation date | 2020 |
|---|---|
| Registration address | Sage Forex LLC, Beachmont Business Centre, Suite 81, Kingstown, Saint Vincent and the Grenadines |
| Official site | https://sagefx.com/ |
Education
The Sage FX website does not have an educational section for novice traders and professionals. Instead, there is a general FAQs section, which contains answers to the main questions related to the registration of accounts and activities of the brokerage company.
The absence of cent accounts is compensated by the availability of demo accounts, where you can consolidate your knowledge and improve your trading skills.
Comparison of Sage FX with other Brokers
| Sage FX | RoboForex | Pocket Option | Exness | Forex4you | XM Group | |
| Trading platform |
MT4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5 | MT4, MT5, MobileTrading, XM App |
| Min deposit | $10 | $10 | $5 | $10 | No | $5 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:10 to 1:2000 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.1 points | From 0 points | From 1.2 point | From 1 point | From 0.1 points | From 0.6 points |
| Level of margin call / stop out |
100% / 70% | 60% / 40% | 30% / 50% | No / 60% | 100% / 20% | 100% / 50% |
| Execution of orders | Market Execution, STP, Request exchange | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | Yes | Yes |
Detailed review of Sage FX
The quality of Sage FX is assessed by its high transaction speed, fast account replenishment, and flexible trading conditions. The broker also allows its clients to apply various trading strategies, excluding copy trading. Orders are executed using market execution, STP, and request exchange technologies. There are no Islamic or cent accounts.
Sage FX by the numbers:
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23 cryptocurrency pairs;
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10 indices.
Sage FX is a broker for active trading
Sage FX offers ECN accounts providing direct trading with liquidity providers, namely one-tier banks and non-bank financial institutions. Due to this, minimal brokerage fees are charged. The broker does not provide opportunities for passive investment, but there is access to the IB partnership program.
Clients can trade through various versions of MetaTrader 4. Also, MetaTrader 5 will soon be available.
Useful services offered by Sage FX:
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Real-time update of Forex market rates, indices, cryptocurrencies, stocks, and metals. You can get acquainted with them on the broker's website or directly in the trading platform;
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The website offers a calendar of trading hours. This service allows you to see which markets are currently open;
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Activation of two-factor authorization (2FA) in the user account;
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Regular updates of the news on trading.
Advantages:
More than 180 assets are available for trading;
Clients’ funds are kept in segregated accounts for protection;
Spreads vary depending on the asset traded;
Availability of a partnership program;
Withdrawal of funds is possible in cryptocurrencies, to bank cards, or by Vload vouchers;
Leverage is up to 1:500;
Useful services are available to everyone, regardless of the trading volume and the deposit amount.
User Satisfaction