SageFX is managed by Seager Limited, which is registered in the Marshall Islands. According to the information provided, the broker has more than 50 years of experience in the financial industry, but this is not documented. As for the domain, it was registered in February 2018 in the United States and renewed in February 2023. In addition, the project does not have a license. It is worth noting that the website interface supports English, French, and Spanish. Finally, the broker accepts clients from all over the world, except for the US and some other countries where CFD trading restrictions apply.
Is this company worth trusting? Is it safe to trade on its platform? Below, we will analyze the available information about the broker and tell you about our conclusions.
Traders can trade from any device on the TradeLocker platform. SageFX offers instruments that include traditional currency pairs and stock indices, and digital currencies such as Bitcoin, Ethereum, and Litecoin. Exotic commodities such as platinum, copper, and natural gas are also included. In addition, you can trade CFDs on shares of a number of US and European companies. The broker controls different aspects of risk in daily transactions. You can use BitCoin electronic payment systems and bank Debit/Credit Cards for depositing.
The tariff plans of the broker are located under the main account. You will be able to determine the type of account after registration and deposit. You will see different symbols that are available for Forex and other assets. Here are some examples:
- Standard ECN account (EURUSD) – major pairs have an $8 commission and an average spread
- Pro ECN (EURUSD.pro) – PRO pairs have a commission of $8 and low spreads.
- Variable Spread (EURUSD.var) – VAR pairs have higher spreads and no commission
- Smaller lots (EURUSD.Mini) – commission $1 (1 lot = 1000)
- Mini pairs for indices (ESP35.Mini) – have a commission of $7
- Sag Indices (US30.SAG) – has a smaller contract size (10) and wider spreads, a commission of $8.
All traders can earn money by participating in the IB Affiliate Program. SageFX pays $2.50 for each lot sold through an affiliate link. The reward increases to $3.50 for more than 1000 trades per month with affiliate lots.
SageFX says on the site that it uses segregated accounts. This means that clients’ funds are kept separate from the company’s funds, and they will remain intact in the event of the broker’s bankruptcy.
You will have access to a demo account only after registering an account. To contact tech support, there is a live chat with 24/7 operation mode. In addition, you can contact the broker with questions using feedback, after filling out special forms with your contact details. The site also has a section “Expert News”, but the most recent articles in it were published 2 years ago.