Sage FX Review
Richard Montana | November 17, 2022
Built on the core values of trust, stability, and commitment to modernization, Sage FX is an online retail broker that consists of a team of trading and fintech veterans who are focused on providing a competitive trading environment to all traders. They provide you with the popular and easy to use MetaTrader 4 (MT4) trading platform to ensure seamless access to the global financial markets across all of your device. You can trade a large range of financial instruments on one platform including Forex, Crypto, Indices & Commodities all with access to 24/7 support. You can take advantage of low commission and spreads from just 0.1 pips. They are suitable for all trading strategies including scalping, hedging and automated trading. The minimum deposit required to start trading with the broker is just $10 whilst they even have free demo accounts if you wish to get a feel for trading online before making a financial commitment.
Pros & Cons
- User-friendly MetaTrader 4 platforms for all of your devices
- Multiple financial instruments to trade online
- Tight spreads, no commission fees and rapid trade execution speeds
- Various accounts types and funding options to choose from
- Low minimum $10 deposit required to start trading
- Some educational resources for beginners
- Free demo practice accounts
- prompt and polite 24/7 customer support
- The broker is not currently regulated
- Could add some more educational content
- Lack of standalone trading tools
- No managed accounts
- No FIX API connectivity
- Not the largest selection of instruments
Operating from Kingstown Saint Vincent and the Grenadines, Sage FX is a multi-asset brokerage firm that provides traders with an intuitive trading platform, educational resources, and a 24/7 customer support team — for trading the global financial markets. They make use of the STP execution model, which offers access to the interbank markets. This means that your trades go straight through to the market without any dealing desk intervention. Therefore, positions should be executed at the best prices available at all time with minimal slippage. I always prefer the non-dealing desk brokerage model as I do not want the broker to take the opposite side of my positions as this could lead to a possible conflict of interest. I found Sage FX to provide traders with very competitive trading conditions, such as free demo accounts, multiple deposit and withdrawal methods, low spreads, rapid execution speeds, leverage of up to 1:500, and a small minimum deposit.
When choosing a broker, regulation is one of the first things that I look for. I would always prefer to trade with a regulated broker, although not all regulators are considered equal. Unfortunately, there is currently no regulatory information on the broker’s website at the moment as they are not regulated. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. However, I do understand that a lack of regulation does mean that Sage FX can provide certain products and features that a regulated broker may not be able to. If like me you would prefer to trade with a regulated broker, please see our trading broker reviews for alternative regulated brokers.
The services of Sage FX and any information provided on the Sage FX website are not directed at or intended for those who reside or are citizens of the US and some other countries which you can find listed in the brokers website. If you discover that they do not serve clients in your country for whatever reason, please feel free to browse our broker ratings for some alternative options.
You can get convenient access to trade the markets with Sage FX via the intuitive MetaTrader 4 (MT4) trading platform, one of the most popular platforms for trading Forex and CFDs that is used by millions of traders all over the globe. The MT4 platform is designed to suit traders of all levels. It is packed with essential analysis tools and trading capabilities, such as three chart types, multiple technical indicators, one-click executions, stop and limit orders, and support for the automation of trades using expert advisors.
Sage FX makes the MT4 platform available as a desktop application for Windows and Mac computers, a WebTrader that can run directly on modern web browsers, and a mobile app for Android and iOS devices. The mobile app allows traders to place trades and monitor their positions on the go, provided there is an internet connection. I personally use the MT4 desktop platform for analysing charts and manual trading, whilst it is also excellent for running automated trading strategies. The trading app on the other hand, is limited in terms of functionality but is perfect for when you need to check your positions and follow the latest market news whilst on the move.
MetaTrader 4 Features
- Trade manual and automated strategies
- Follow the market prices with real time quotes
- Place multiple different order types
- Study various chart types and timeframes
- Lots of indicators and tools for analysing the markets
- Get price alerts to save you watching charts all day
- Develop your own trading tools
- Purchase add-ons from the marketplace
- Trade on web, desktop and mobile
There are no standalone trading tools on the broker’s website at the moment. However, the provided MT4 platform has an abundance of trading tools to suit even the most demanding of traders. You can also get loads more from the MQL marketplace which is accessible from directly within the platform. You can also use the MT4 programming interface to build your own customised trading tools in the MQL language or hire someone to do it for you if you don’t have the coding skills required. In saying that, there are many other brokers who will provide you with some excellent standalone trading tools free of charge such as Forex.com who have a great selection of trading tools to enhance your market analysis capabilities from the get go.
I was pleased to see that the broker’s website is replete with several educational resources that are aimed at improving clients’ trading skills and knowledge. These educational resources include trading guides, an FAQ section, and a news section that keeps traders informed on the latest happenings in the financial markets. I think it is always a positive thing to see a broker that shows support for traders and educates them to make informed decisions. That being said, if you are a complete novice then you might want to look at IronFX as they have lots more educational content freely available.
The broker offers a generous selection of trading instruments including the following financial markets: Forex, Cryptocurrencies, Indices, Commodities, Metals, and Stocks. There should be something for everyone to trade, regardless of your interests. However, they don’t quite compare to brokers such as RoboForex who have thousands of financial instruments across various asset classes for you to choose from. That being said, if you are primarily looking to trade forex, I think you will be satisfied with the good choice of currency pairs they have.
The broker offers the following trading account options: Standard, PRO Deposits, and VAR Commissions. The Standard account requires a low minimum deposit of just $10 which I think is great as it allows most users to get a feel for trading a real live environment with minimal risk. On the other hand, the PRO Deposits account is aimed at traders depositing $500 or more, while the VAR Commissions account is suitable for traders who prefer a commission-free setup. Regardless, it is good to see that Sage FX have a variety of different account types to cater for different trading styles and levels of investment. As you would expect with most brokers, they also provide a free demo account which is available for practice purposes. This can be a great way to try out the broker and build your confidence before making a commitment.
The broker provides traders with a client support team who say they are available 24/7 and can be reached via email, live chat, or by visiting their physical office in Kingstown, Saint Vincent, and the Grenadines. It is always good to see a broker who provides around the clock support. They have always been quick to respond and answer all of my questions in a satisfactory manner since I have been with them.
There is a nice variety of account funding options to choose from at Sage FX. All account deposit and withdrawal requests are processed using any of the following payment methods: Bank wire transfer, credit/debit cards, digital wallets and cryptocurrency. One of the advantages of an unregulated broker is that they can usually provide a greater variety of payment options as is the case here. I particularly like the digital wallets that are available as I find this can the quickest and easiest ways for me to move funds around. I wouldn’t mind crypto payment if the blockchain fee wasn’t so high. I have made a bitcoin deposit before and ended up paying more in blockchain fees than the amount I was depositing.
Compare Broker Features
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
Sage FX is a multi-asset CFD broker that operates from Saint Vincent and the Grenadines. They allow traders to buy and sell various CFD instruments using the user-friendly MT4 trading platform while providing them with the resources and conditions to help ensure a hitch-free trading experience. The minimum deposit required to start trading is low at just $10, whilst free accounts and leverage of up to 1:500 is available. They have a decent variety of account types and convenient funding options for all. However, I think they could improve by adding some more educational content and standalone trading tools such as Autochartist and Trading Central. They also say the MetaTrader 5 platform is coming soon so that would also be a welcome addition. The main issue I think many potential clients may find is the lack of regulation currently. If that doesn’t bother you then they may be worth consideration. Alternatively, please feel free to find another option from our best brokers.