SageFX claims to be a multi-asset broker offering ECN trading environment for traders with at least $10 for minimum deposit.
Sage FX offers 8 currency pairs, 12 Cryptocurrencies, 20 FX crosses, 8 indices and 7 commodities for trading.
On top of this, SageFX offers leverage of up to 1:500 with raw pips starting at 0.1.
They’ve also implemented our favorite MT4 trading platform with MT5 in the coming soon status.
Currently, Sage FX is only supporting Bitcoin deposits. They don’t provide options for Visa, MasterCard, Bank transfer or vLoad.
This is quite a setback given that all professional brokers in this industry are offering all kinds of deposit and withdrawal methods you can ever imagine.
Apart from this, SageFX is promising its clients security of funds, 24/7 expert support, risk management and other features that brokers love to shout about.
If you have a good trading robot or an excellent signals service/investment service, you can pair these with professional brokers to get stable returns from your money.
Is SageFX legit broker?
We have to mention that this broker does not hold any Forex broker’s license at this time.
By now, most of you know the dangers of trading with a broker that is unregulated.
You also have to consider the fact that Sage FX is only accepting Bitcoin deposits, which places you in a situation where recovering your money would be next to impossible.
We have to consider their location before we can trust them.
According to their website, SageFX is operating from St. Vincent and the Grenadines, which is a jurisdiction that is associated with doggy brokers.
Therefore, we can’t trust this broker just yet regardless of how attractive their features seem to be.
We might be forced to revise this review later on but as it currently stands, any trader that opens an account with this broker and deposits a significant amount of money will risk losing their funds.
It is as simple as that when dealing with a broker like SageFX.