Pros and Cons
Sage FX offers a wide range of trading instruments including Forex, Crypto, Indices & Commodities while offering low spreads and commissions. Behind the broker is a team of trading and fintech veterans who wish to provide their customers with a great trading experience.
Sage FX Trading Platforms
Sage FX accepts clients from most countries in the world other than Afghanistan, Botswana, Burma, Congo, Crimea, Cuba, Democratic Republic of Congo (DPRK), Democratic Republic of Congo (Republic of Zaire), Ethiopia, Iran, Iraq, Japan, Kenya, Lebanon, Libya, Malta, North Korea, Russian Federation, Somalia, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Yemen, and Zimbabwe.
Sage FX offers the most popular trading platform in the world- MT4 along with its great trading conditions, fast and easy deposits and withdrawals. The platform is suitable for trading forex, commodities, marketing indices, CFDs, and cryptocurrencies. Traders with all levels of experience can use trading strategies of any complexity level on MT4. It’s an easily customizable trading platform that comes packed with handy features like automatic trading execution. Traders are allowed to trade from a chart, set a trailing stop, and access personal history easily on the platform. MT4 offers over 30 technical indicators, 23 analytical objects and 9 time frames to let traders execute their trading strategies easily.
Sage FX Trading Accounts
Sage FX offers a wide range of financial instruments on its single trading platform. Traders get to choose a trading account in accordance with their trading needs. The broker offers both live and demo trading accounts on MT4. The broker is planning to introduce MT5 soon.
On the Sage FX MT4 live account, traders can get leverage of up to 1:500, raw spreads from 0.1 pips, and STP order execution. There is also a 24/7 customer support team available to help traders with their trading needs. The broker offers FIX API accounts and a great number of deposit and withdrawal methods.
The Sage FX MT5 trading account is expected to offer multiple execution types, 36 technical indicators, 6 types of pending orders, and unlimited charts. With this type of account, the broker will also offer Hedging and FIFO accounts.
Sage FX Payment Options
With Sage FX, traders get to make transactions through a number of payment options. The minimum deposit requirement with the broker is just $10 and that can be made instantly with 0% deposit fees. The payments can be made through two of the easiest and most secure payment methods, Cryptocurrencies and Credit/Debit cards.
The broker accepts a great number of cryptocurrencies as deposits including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Dogecoin (DOGE), or Tether (USDT). Talking about the card payments, the broker accepts VISA and Mastercard along with other big payment providers.
With cryptos, the broker offers instant funding while with credit/debit cards, it takes 3-5 business days for payments to reflect in your account. The same methods can be used for making withdrawals with no hidden costs.
Sage FX Trading Tools
There are no particular trading tools that the broker offers at the moment. But Sage FX surely offers all the necessary features that any trader would need for a hassle-free trading experience.
Sage FX Trading Education
Sage FX offers great educational resources on the website that are meant to help traders improve their skills and knowledge. Traders can find FAQs section, trading guides, a news section on the website to get all the help they need. The broker’s customer support team also helps you find all the information you need to trade.
Sage FX- Markets Offered
Sage FX offers 4 major instruments to trade including- forex, cryptos, indices, and commodities. Traders can choose any of these to trade and customise their trading accounts accordingly.
Forex is the largest and most liquid market globally with over $6 trillion transactions daily. They can trade major and cross forex currencies using their favourite trading platform.
Cryptocurrencies have taken the world by storm over a decade ago and the reason is their decentralised nature. Trade a wide range of cryptos with Sage FX.
You can trade indices when you want to distribute your risk over a wide range of instruments with Sage FX.
You get to trade the most popular commodities like gold, oil, and copper with Sage FX.
Sage FX Contact and Support
Sage FX offers 24/7 customer support through live chat, email, or you can also visit their physical office in Kingstown, Saint Vincent, and the Grenadines. In case, you can’t find what you are looking for, you can also submit a ticket and get your issue resolved.
Sage FX Account Opening
Sage FX offers an easy account opening process. Follow the following steps to open your account with the broker.
- Sign up – To register with the broker, you will have to click on the top right button, “Signup” as a new trader with the broker. Fill out the form that appears on your screen with your general information like your name, email, etc.
- Verify your Profile – Once you sign up, you will be required to verify your profile.
- Download MT4 – Depending on which trading platform you want to use, you can download it. Currently, only MT4 is available with Sage FX.
Sage FX Minimum Deposit
The minimum deposit required to start trading with Sage FX is $10.
Sage FX Demo Account
Sage FX MT4 demo account is meant to give traders a real-like trading experience without having to risk their money. Traders get access to videos and original trading content to prepare for live trading. You don’t have to pay any charges to use the demo account.
Sage FX FAQs
Does Sage FX offer trading services across the globe?
Sage FX offers trading services in most countries except Afghanistan, Botswana, Burma, Congo, Crimea, Cuba, Democratic Republic of Congo (DPRK), Democratic Republic of Congo (Republic of Zaire), Ethiopia, Iran, Iraq, Japan, Kenya, Lebanon, Libya, Malta, North Korea, Russian Federation, Somalia, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Yemen, and Zimbabwe.
How to open a trading account with Sage FX?
Follow the following steps to open a trading account with Sage FX:
- Go to Sage FX’s official website: https://sagefx.com/ and click “Signup” on the top right corner.
- Fill out the short form that appears and before submitting your details, go through the “Terms and Conditions”.
- After submitting your form, you will get an email for profile verification where you will have to click on “Complete Signup”.
- Next, fill out the Account Creation Form and click “Create your account” to start trading with Sage FX.
- You might be redirected to the login page. So, log in with your credentials.
Where is the physical office of Sage FX?
Sage FX physical office address: Beachmont Business Centre, Suite 81, Kingstown, St. Vincent and the Grenadines.
Which identity documents can be used to open an account?
Traders can use any of the following identity documents to open a live trading account:
- Drivers Licence
- Residence Documentation
- National Identity Card
How to make a deposit with Sage FX?
Sage FX accepts a variety of deposit methods that you can choose from including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), USDT (Tether/ERC20), Debit/Credit Card Direct, Debit/Credit Card via 3rd Party Platforms, and VLoad.
How much time does it take to fund the account?
The time taken to fund a trading account depends on the funding method used. With cryptocurrencies, it usually takes 1-3 hours. With credit/debit cards, funding happens instantly once it’s approved. With Vload, funding takes place instantly.
Are there any currency wallets available with Sage FX?
Yes, Sage FX has a number of currency wallets including Euro (EUR), US Dollar (USD), Great British Pound (GBP), Canadian Dollar (CAD), Australian Dollar (AUD), and Bitcoin (BTC).
What is the minimum deposit requirement?
The minimum deposit requirement with Sage FX is as follows:
- For cryptocurrencies: $10-$50.
- For debit/credits cards: $10.
- For Vload: depends on VLoad tier level.
Is there a maximum deposit limit?
The maximum deposit limit with Sage FX is as follows:
- For cryptocurrencies: Unlimited.
- For debit/credits cards: $1500 (per transaction).
- For Vload: depends on VLoad tier level.
Do I have to pay an inactivity fee?
No, there are no inactivity fees to be paid.
Does Sage FX offer an Islamic account?
At the moment, it doesn’t. It might be added in the future.
What are the spreads and commissions offered on different currency pairs?
Different forex pair groups offered: the Majors, PRO, and VAR. Here are spreads and commissions to be paid on these pairs:
- Major pairs have a medium spread and $8 commission.
- PRO pairs have low spreads with $8 commission.
- VAR pairs have no Commission and higher spreads.
- Mini pairs have smaller lot sizes (1 lot = 1,000) with $1 commission.
What leverage is offered by Sage FX?
Sage FX offers different leverage for different instruments.
- Forex 1:500
- Metals: 1:200
- Cryptos: 1:100
- Stocks: 1:20
- Indices: 1:200
- Energies: 1:200
Is copy trading allowed?
No, Sage FX doesn’t offer copy trading.
Does Sage FX allow automated trading?
If the EA you want to use is compatible with the MetaTrader trading platform, you can use it.
Are hedging and scalping allowed on Sage FX?
Yes, hedging and scalping are allowed on Sage FX.
Sage FX might have recently come to the market but it has been able to impress traders with its trading features. It caters to unique trading requirements and lets traders customise the trading platform as per their requirements while trading forex, cryptocurrencies, indices, and commodities.