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 broker with higher-than-average risk and the TU Overall Score of 4.02 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 recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
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.
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- 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
Author, Financial Expert at Traders Union
Sage FX provides a diverse range of trading instruments, including Forex, cryptocurrencies, indices, metals, stocks, and futures. It utilizes the MT4 platform and offers ECN, competition, and demo accounts. The company offers high leverage up to 1:500 for specific instruments, alongside no deposit and withdrawal fees, and ensures liquidity through Tier-1 banks. These features, combined with 24/7 technical support and a partnership program, cater to both novice and experienced traders seeking varied trading strategies.
Despite its offerings, Sage FX presents certain drawbacks, such as mandatory account verification, the absence of comprehensive regulatory oversight, and the lack of negative balance protection. Additionally, it is unavailable to U.S. residents and operates under the jurisdiction of Saint Vincent and the Grenadines, which lacks stringent regulation standards. Overall, its features may suit traders who value high leverage and low fees but may not be ideal for those prioritizing strong regulatory protection and user-friendly processes.
Sage FX Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. Sage FX Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MT4 (WebTrader, desktop, and mobile versions) |
|---|---|
| 📊 Accounts: | Demo, ECN, and Competition |
| 💰 Account currency: | USD, EUR, GBP, CAD, AUD, and BTC |
| 💵 Deposit / Withdrawal: | Bank cards, cryptocurrencies, PayRedeem, and Vload |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 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 |
| 📋 Order 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.
Sage FX Key Parameters Evaluation
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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 safety score of 2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Flexible trading conditions with high leverage and less bureaucracy
- Not tier-1 regulated
- Not regulated
- No negative balance protection
- Track record of less than 8 years
Sage FX Security Factors
| Foundation date | 2020 |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Sage FX is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker Sage FX have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Sage FX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Sage FX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Sage FX Standard spreads
| Sage FX | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,7 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Sage FX RAW/ECN spreads
| Sage FX | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Sage FX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Sage FX Non-Trading Fees
| Sage FX | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
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
Sage FX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Sage FX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- No withdrawal fee
- Supports 5+ base account currencies
- USDT (Tether) supported
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- PayPal not supported
What are Sage FX deposit and withdrawal options?
Sage FX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT, Ethereum.
Sage FX Deposit and Withdrawal Methods vs Competitors
| Sage FX | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Sage FX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Sage FX supports the following base account currencies:
What are Sage FX's minimum deposit and withdrawal amounts?
The minimum deposit on Sage FX is $10, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Sage FX’s support team.
Markets and tradable assets
Sage FX offers a limited selection of trading assets compared to the market average. The platform supports 137 assets in total, including 50 Forex pairs.
- Commodity futures are available
- Indices trading
- Crypto trading
- No ETFs
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Sage FX with its competitors, making it easier for you to find the perfect fit.
| Sage FX | Plus500 | Pepperstone | |
| Currency pairs | 50 | 60 | 90 |
| Total tradable assets | 137 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Sage FX offers for beginner traders and investors who prefer not to engage in active trading.
| Sage FX | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
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 | Eightcap | XM Group | RoboForex | IC Markets | FBS | |
| Trading platform |
MT4 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, cTrader, MT5, TradingView | MT4, MobileTrading, MT5, FBS app |
| Min deposit | $10 | $100 | $5 | $10 | $200 | $5 |
| Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0.1 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 1 point |
| Level of margin call / stop out |
100% / 70% | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 50% | 40% / 20% |
| Order Execution | Market Execution, STP, Request exchange | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
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.
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