Sage FX

General Information

Sage FX provides leverage of up to 1:500 for retail trading on well-known financial assets. The broker provides cheap fees and narrow spreads together with the industry-standard MetaTrader 4 desktop and mobile platform. The company's history, costs, deposit alternatives, and regulatory standing are all included in our assessment. See if you should open a Sage FX trading account.

Address

Beachmont Business Centre, Suite 81, Kingstown, Saint Vincent and the Grenadines

Supported Trading Plaform

MT5, Mobile, Webtrader

Broker News

34 illegal FX and binary options platforms are added by the CFTC to the RED List.

34 additional names of unregistered platforms that are illegitimately providing financial services in the United States have been added to the Registration Deficient List (RED List) by the Commodity Futures Trading Commission (CFTC).

Profit from London's Biggest Financial Event. In the areas of online trading, fintech, digital assets, blockchain, and payments, we have added new verticals this year.

The added names are Algobit, Ltd., Cent Projects, Ltd., Alis Capital Inc., CloseOption, B.O TradeFinancials, CryptoBO, Bitpay Options, CryptoSphereFX, Bluegate Financial Services, DestroFX, Capital Forex Trade, Direct Cryptos, Capital Trading Hub, Dynamics FX Trade, Capitalone Trade, Expirex Trade, FXBrew, QuickFXTrade, FX Optimax, Renesource Capital, FX-Cryptex, SageFX, HankoTrade, Stockinvestmentfx, IQFXTrade, Swissglobaltrade.org, Menne Market Ltd., The Traders Domain, Octave Trade, Tifu Global Limited, Pocketoption, TradingDeskFX, Prime Crypto FX and Wolves Trade FX.

The main derivatives trading products offered by these platforms include trading in cryptocurrencies, foreign exchange, and other asset classes. Some of them even provide binary options, which are restricted in the UK and the EU but legal in the US under strict controls.

According to the regulatory announcement, a company is added to the “RED List” when the CFTC determines from investigative leads and public inquiries that it is not registered with the Commission and appears to be acting in a capacity that necessitates registration, such as trading binary options, foreign currency (forex), or other products.

Markets

Access to a variety of well-liked financial assets is provided by Sage FX. The presence of 20 crosses and 8 significant FX pairings will impress forex traders. Additionally, there are 8 stock indexes available, including the Dax, FTSE, Dow Jones, and Nasdaq. There are 19 popular digital currencies accessible to cryptocurrency traders, ranging from Bitcoin and Litecoin to Ethereum and Dash. A few other commodities are available through Sage FX, such as precious metals and energy.

Fees

Spreads are competitive with some of the top brands in the market, and there are 0.1 pip options for assets. Silver is available from 0.5 pips, while spreads on the most popular forex pairs start at 0.8 pips. Spreads fluctuate along with the market and get tighter during times of strong liquidity.

Leverage Review

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

Deposits & Withdrawals

Sage FX provides quick and easy deposits. Credit or debit cards, Bitcoin, or Vload, a renowned trading platform and payment provider, can all be used to deposit money. While deposits made using a credit card or debit card take three to five business days to complete, deposits made using bitcoin or vload are funded immediately.

Sage FX provides quick, fee-free withdrawals for its customers. Withdrawals can be made to a credit or debit card, a Vload account, or via Bitcoin. Additionally, Sage FX intends to offer wire transfer withdrawal and deposit options.

Trading Accounts

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

Benefits

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