Sage FX is a ECN/STP online broker that provides traders with easy account opening, best in class technology, first class customer service and an easy to use trading platform. Sage FX are devoted to providing a client-first service. With a team of trading and fintech veterans, Sage FX aims to provide the best possible trading environment and bring all traders peace of mind.
Overall Score
We have collected all the parameters of brokers that are important for trading into different groups for your convenience. The closer the parameter is to the maximum value, the higher the percentage of the group. The overall score is based on all groups’ scores. Now you can see what the strengths of the broker are and where are their weaknesses. Not only to see but also to understand how much it suits your particular needs. If a broker has a GREEN VERIFIED, then the information about its parameters has been received from the broker and been examined by us! GREY NOT-VERIFIED means that information about the parameters of the broker is collected from open sources on the network, BUT it is not confirmed by our tests. RED NOT-VERIFIED means that there is no unambiguous information on this broker in open sources and the specified parameters may differ greatly from the actual ones.
Advantages
Disadvantages
Review
Devoted to providing a client-first service, Sage FX’s mission is to have transparency, technology and trust at the heart of their trading platform. With a team of trading and fintech veterans, Sage FX aims to provide the best possible trading environment and bring all traders peace of mind.
Sage FX currently offers a wide range of options for the millennial trader. It offers crypto trading in 19 pairs, 53 forex pairs, 4 metal pairs, 8 indices and 3 energy pairs. It also offers many stocks ranging from major technology firms as well as entertainment and telecommunications.
Traders can register for both demo and live accounts using Meta Trader 4. The broker is always working on improving its experience and is now looking into bringing the MT5 experience to its traders.
Sage FX also offers 24/7 customer care with highly trained professionals, via email or live chat.
Regulation & Investor Protection
Sage FX is currently not regulated. Regulation takes a very long time to set up and it is in the process of applying for a license to be regulated. Sage FX is located at Beachmont Business Centre, Suite 81, Kingstown at St. Vincent and Grenadines.
Countries
The broker currently accepts trading from all the countries except for the ones listed here;
Bahamas, Botswana, Burma, Cambodia, Congo, Cuba, Democratic Republic of Congo (DPRK), Democratic Republic of Congo (Republic of Zaire), Ethiopia, Iran, Iraq, Japan, Kenya, Lebanon, Libya, Malta, North Korea, Panama, Somalia, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Yemen, Zimbabwe.
Tradable Instruments
Sage FX seems to place flexibility as a priority due to the wide range of options available to its traders. When it comes to forex trading, the broker has on offer 7 major pairs, 20 crosses and 26 pairs in exotics. It also places emphasis on crypto trading as it regularly updates its portfolio of currency pairs. 19 crypto pairs are currently available. Metal, indices and energies trading is also available. Those who love to invest in stocks can choose from close to 50 stocks, ranging from well-known giant corporations as well as emerging companies.
Trading Platforms
With a commitment to offering their traders a first-class service Sage FX gives traders the option of both a Live and Demo account across the renowned MetaTrader 4 platform.
Through their MT4 offering traders can:
- 1. Simplify their trading process and reduce order execution time through one-click trading.
- 2. Carry out thorough technical and fundamental analysis with superior customizable charting functionality and custom indicators.
- 3. Conduct better risk management that is involved with high-volume trading as MT4 gives the ability to trade micro lots (0.1 pips)
- 4. Trade their favorite assets with multiple functionalities. MT4 boasts 3 execution modes, 9 different time frames, various limit/stop orders and historic data availability.
- 5. Automate their trading process using Expert Advisors (EAs) allowing the implementation or creation of effective trading strategies.
On top of this superior functionality Sage FX allows leverage of 1:500, STP execution, seamless and reliable funding options 7 days a week and 24/7 expert support. Ensuring traders’ have the best possible trading journey possible.
With a commitment to modernization and innovation traders will soon have access to the infamous MT4 predecessor, MetaTrader 5 which will allow traders experience the same robust security & functionality but with:
- Enhanced charting and analysis tools – Unlimited number charts, 38 technical indicators,
6 types of pending orders. Depth of Market and improved strategy tester for algorithmic trading & Expert Advisors (EAs). - Market, Instant, Request and Exchange.
- Hedging & HIFO accounts offered.
Trading Tools
As a client-first broker Sage FX believe in offering the best possible trading experience. Part of this devotion is the ability of traders to access superior trading tools & resources to help them stay ahead of the markets.
Trading Schedule
There are times when markets operate irregularly due to different events in the calendar year. Sage FX allow traders to clearly see when these dates are so that they can adjust their trading strategies accordingly. Through offering a Trading Schedule, their traders can choose the date and then find the specific instrument and the exact times the instrument will be available to trade on. This is a great feature as it minimizes the chance for confusion and misunderstanding and helps you plan your trades ahead of irregular hours.
Education
To operate in the markets effectively traders need to effectively stay on trend and obtain the right knowledge. By trading with Sage FX you will get just that. With a comprehensive News section offering a wide range of different news and educational articles. You can choose from third party articles that analyze the latest movements in the market and explains them in a practical and easy to understand way. You can also choose to learn about certain topics and improve your skill set with their guides on crypto trading, how to use MT4 as well as educational articles on how you can earn additional income using affiliate marketing. This broker also tends to focus on a more personal approach, offering articles such as the qualities that can distinguish successful traders from others as well as a range of articles on trading psychology and emotional trading. All these articles are suitable for all the different levels in trading and are kept short and concise.
Customer Support
One of Sage FX’s advantages is that their customer support team is available 24/7 which is quite a breath of fresh air in the industry. They are available via live chat, email, phone as well as their social media pages via Facebook, Instagram and Twitter.
Accounts & Fees
Traders can start trading with as little as $10 and a maximum leverage of 1:500. To compliment this Sage FX also offers spreads as low as 0.1 pips and 0% commissions on tradable assets. The broker offers one account type to traders, an ECN account with all trading symbols accessible with 100% Margin call and stop out level of 70%. When you sign up traders can choose from a list of accounts depending on their needs as traders.
- 1. Standard
The standard symbols should be used for smaller deposits.
- 1. Standard
- 2. PRO Deposits
For deposits $500 or more trade using the PRO symbols with spreads from 0.1 pips.
- 2. PRO Deposits
- 3. VAR Commissions
Traders that prefer a commission-free set up can use the VAR symbols.
- 3. VAR Commissions
- 4. Mini Pairs
And 29 mini pairs are provided for traders wishing to trade in a smaller size.
Deposits & Withdrawal
Sage FX offers instant and simple deposit and withdrawal methods on accounts with three options currently being available for traders:
Bitcoin deposits allow traders to deposit directly to their account by creating a request and simply following the on-screen prompts. It is then automatically added to the account and transactions are trackable via blockchain.info.
Visa or Mastercard credit/debit card deposits are accepted as well as other large payment providers. Processing time takes between 3 to 5 business days. In addition to this Sage FX allows accepts JCB cards, this method of payment is not widely accessible throughout the industry but is part of their dedication to provide a service to people all around the world.
Vload Cash vouchers: Vload is an award-winning platform that allows traders to enjoy a secure and fast deposit and withdrawal with the use of cash vouchers. Transactions have no processing time and is credited and withdrawn instantly.
Account Opening
Signing up to Sage FX is quite a simple process. All you need to do is register your details here. To be able to deposit funds you just need to verify your identity by providing Proof of Identity and Proof of Address (which means they take their security seriously). You will then need to create a Meta Trader account and then transfer funds from your wallet to your Meta Trader account. Once registered, you will be added to an email list where you can receive up-to-date educational articles and other news and updates directly in your inbox.tantly.
Trust & Reputation
When it comes to opening an account with a broker trust is paramount. At Sage FX your security is a priority. The platform was designed with multiple layers of protection, deploying the most effective and reliable technologies to keep funds and transactions secure. Sage FX implements the most modern security protocols to protect their client’s personal data, accounts and funds. These include SSL encryption technology and 2FA authentication methods.