SageFX Review | Routes Traders' Transactions to Liquidity Providers or Scam?

by Kevin Berry
  1.5/5   Reviews: 2
SageFX - logo

We present to your attention the CFD broker SageFX, which has a moderately positive rating in online reviews. According to statements on the official website, the broker operates using ECN technology and routes traders’ transactions to liquidity providers, while client funds are kept in segregated accounts. However, the company does not list any licenses, and its legal addresses are in two offshore countries, the Marshall Islands and St. Vincent and the Grenadines. Can such a broker be trustworthy, or is it a scam? Let’s find out.


🏛️ Country Marshall Islands, St Vincent and the Grenadines
⚠️ Regulation
🖥️ Website https://sagefx.com/
🎲 Demo Account Yes
⏳ Start Time 2020
💲 Minimum Deposit $10
⚖️ Minimum and Maximum Leverage 1:500
⚙️ Trading Platform TradeLocker
📨 E-mail support@sagefx.com
📞 Phone

First Impression of Sagefx.com

The official website of the firm looks impressive and intriguing. It’s not just some typical template-based broker resource. SageFX provides detailed information about its terms and shares information about itself, but not all of it, for instance, legal documents and the founding date are missing. There’s a lot of information on the site, which complicates navigation and quick data search. It is undoubtedly a downside.

SageFX - site

The website’s graphic design includes images of various themes: on the main page, we see elements of Japanese culture; cityscapes often serve as backgrounds, and there are also pictures of charts, money, and people in suits. All of this looks rather clichéd, as the images don’t seem unique but rather like they were picked from the top results of a Google search. In short, SageFX has created a good website, but with evident flaws regarding complex navigation and an abundance of information, which is often unnecessary and lacks meaningful value.

Partnership and Bonuses

SageFX offers an affiliate program. Clients can earn additional income by inviting partners to trade here. The company pays $2.5 for every lot traded by a referral. If the total lots reach 1000 or more within a month, the partner receives an increased reward of $3.5 per lot. It’s also known that the broker provides marketing materials, pays out rewards weekly, and allows for statistical analysis.

Nothing is known about bonuses. Such an opportunity isn’t even mentioned on the website, and there’s no bonus policy.

Account Opening on Sagefx.com

The account creation process consists of three steps: providing basic information, confirming the email address, and adding details. Users also have the option to sign in using Google. SageFX requires users to confirm that they are 18 years old and agree to the terms of service. After email confirmation, the system will ask for a phone number, account currency (USD, EUR, GBP, CAD, AUD, or BTC), date of birth, and residential address.


Upon logging in, users are immediately prompted to undergo verification. However, this step can be skipped for now, allowing users to first familiarize themselves with the dashboard interface. The SageFX personal cabinet allows clients to deposit and withdraw funds, manage finances, track current accounts, and open new ones, undergo verification, monitor referral statistics, and edit personal data.

SageFX - dashboard

SageFX also offers a demo account. Users can test the service without the risk of losing real money. To do this, one needs to create a demo account and then log into the platform. The password, server, and other details will be sent to the provided email address.


Verification, as we’ve already understood, is mandatory at SageFX. The broker requires a standard set of documents for KYC compliance. Documents are uploaded through the personal dashboard.

  • It’s convenient to upload documents.
  • None.

Trading Software

SageFX uses a platform called TradeLocker. The terminal incorporates charts and tools from the popular service Tradingview, allowing traders to utilize various graphical and technical analysis options, including indicators. It supports both market and pending orders, allows setting stop-losses and take-profits, and offers one-click trading. However, the platform’s functionality and capabilities are significantly limited: there’s no option to upload custom setting templates, auto-trading, or advanced tools like market depth, open interest, and cluster analysis.


TradeLocker is available not only as a Webtrader but can also be downloaded on Android/iOS smartphones through the official AppStore/Play Market. The terminal appears basic and lacks many features. It might be because it’s still in its Beta version, and more advanced features might be added later. However, as of now, the platform at SageFX cannot be called professional. Many options are missing, the software is not widely used, and it falls short compared to its counterparts.

Features SageFX Korata Exton Global
Demo Account ✔️
Mobile App ✔️ ✔️
Own Development

How Can I Trade With SageFX?

The broker offers trading in currencies, metals, stocks, commodities, indices, and cryptocurrencies, with over 500 assets in total. Traders can also utilize leverage up to 1:500 and open trades with a volume starting from 0.01 lots. Next, let’s look at the types of accounts available at SageFX.

All Info About Accounts

The broker doesn’t offer a system of separate tariff plans. Instead, the company provides different types of assets, which are distinguished by a prefix next to the ticker. The commission and spreads depend on this prefix. SageFX has several types of symbols:

  1. Standard. No symbols, just the instrument ticker. Designed for small deposits and aimed at beginners. Standard conditions: medium spread and a commission of $8.
  2. Pro. For accounts with a balance of over $500. On these assets, spreads start from 0.1 pips, but a commission of $8 is charged.
  3. VAR. For traders who prefer to pay high spreads, with zero commission.
  4. Mini. Smaller lot sizes (1 lot = 1000) with a $1 commission.

It’s worth noting that these conditions only apply to forex and a few other assets. They can be seen in the trading platform.

Account types

The broker does not currently offer an Islamic account, but they plan to introduce it in the future. Additionally, clients can open funded accounts with SageFX. The company provides traders with its capital to work with, in amounts of $25K, $50K, $100K, or $250K. To access this trading capital, one must pass two testing phases with the following criteria. Using the test for a $25,000 account as an example:

  1. Profit target. Phase 1 – 10% profitability within a month, phase 2 – 8% over 60 days.
  2. Minimum trading days. 10 days for both phases.
  3. Max. Daily Drawdown (5%).
  4. Max. Overall Drawdown (12%).
  5. Refundable Registration Fee. Phase 1 – $250, phase 2 – free.

The testing takes place on a demo account. Upon successful completion, real money is provided for trading, with SageFX taking up to 20% of the net profit from trading.

Overall, trading conditions are standard. However, the high commission of $8 is concerning, as competitors offer much better rates. Moreover, SageFX offers high leverage up to 1:500, hinting at a lack of regulatory licenses. If the firm were under regulatory oversight, it would be prohibited from offering such high leverage. By the way, the minimum deposit is $10, which is a reasonably low entry threshold.

  • Low minimum deposit.
  • There is a demo account and a funded account.
  • High commission.

Market Analysis and Education With Sagefx.com

The broker has an extensive FAQ section that covers questions related to account creation, trading, the platform, and other aspects of the company’s operations. Additionally, the firm shares valuable information about trading, including crypto trading, as well as a news feed, a table with current spreads, links to useful videos, and educational articles.

Deposit, Withdrawal, and Fees

SageFX accepts credit/debit cards, PayRedeem, and cryptocurrencies (BTC, ETH, LTC, Doge, XRP, and USDT). The withdrawal request processing time is up to 1 business day, and the company may additionally require a live selfie. There are no fees for deposits or withdrawals.

Features SageFX Neotrades  Graystone Venture Capital
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

The contact information section is empty, with only a form for creating a feedback request. However, in the FAQ section, you can find the broker’s email address. SageFX has also set up social media accounts and an online chat for prompt communication with company representatives. A check revealed that the company’s email address does not exist. The social media accounts are inactive, with few followers and little activity.

Fake email

  • None.
  • There is no phone number.
  • Email doesn’t exist.

Is SageFX Dangerous?

The company looks somewhat suspicious since the contact details turned out to be fake. It’s also essential to verify whether it truly operates as an ECN broker, how long the firm has been in operation, and if it has any licenses.

How Long Does The Broker Work?

The duration of operation is a crucial aspect of any financial company’s activity. The longer it exists, the more trust it garners. SageFX, like any broker scam, for some unknown reasons, doesn’t specify its founding date, which looks highly suspicious.


The website domain was created in 2018, while the social media accounts appeared in 2020. We checked the web archive for snapshots, which revealed that the site appeared in its current form only in 2020. It means that SageFX began its operations only in 2020. As of now, it’s been 3 years, which isn’t that long, but at least it’s not just a few months.


How Is SageFX Regulated?

The company lists its legal address as in the Marshall Islands. Additionally, both on the website and from third-party sources online, one can find the jurisdiction of Saint Vincent and the Grenadines. These are two offshore states where scammers often register their firms due to liberal legislation, low taxes, and relative confidentiality. Offshore registration is a clear red flag. SageFX doesn’t have representations in other countries.

The broker is indeed registered in the jurisdiction of the Marshall Islands. It’s more of a negative factor than a positive one. Also, we can check the SVGFSA registry. Yet, neither SageFX nor Seager Limited, which is mentioned in the footer of the official website, can be found in the SVGFSA.


Features SageFX FiatVisions SkillsTech
European Zone
Asian Zone
American Zone
African Zone

Frequently Asked Questions (FAQ)

How to Trade With SageFX?

You need to register an account by providing personal details and verifying your email. Afterward, you can try out the service with a demo account. To trade with real money, you must first undergo identity verification, as this procedure is mandatory here.

Is SageFX Legit?

No, the firm is not regulated, which means it operates illegally. No licenses are mentioned on the website.

How Risky Is It?

You shouldn't trade with offshore brokerage firms because they often turn out to be scams. Collaborating with SageFX is very risky. The broker can easily deny your withdrawal request.
Kevin Berry
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Expert Opinion

How can it be an ECN broker? Complete nonsense. The scammers mentioned the presence of ECN just for advertising, supposedly adding trust from clients. However, if the company is based in the Marshall Islands and nowhere else, and also doesn’t have proper licenses, it can’t even theoretically have access to ECN. SageFX is misleading, so it’s not worth risking your money. It’s better to find a verified, well-known, and legal brokerage intermediary that routes trades to interbank liquidity or providers and can prove it. And what do we have here? No guarantees, no licenses, and no offices worldwide. It’s just a scam.

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SageFX rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about SageFX

Logitech October 6, 2023 - 18:42
I don't recommend it!
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I traded here, and I can’t say anything good. High commissions, a terrible trading platform, constant lags, and delays. The managers are unreasonable, constantly asking to replenish the deposit and take money on credit. I wouldn’t recommend it to anyone! There are better firms than this scam broker with a fake platform.

Dann Kurven October 10, 2023 - 08:04
A friend lost money here
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I have a friend who traded with SageFX in 2021. At first, everything was fine, but as soon as my friend started to succeed, meaning he began to make money, he faced problems. Trades started to hang, the platform began to shut down on its own, and the managers stopped communicating. He lost over 70% of his deposit due to unfavorable conditions, and the remainder was never returned to him. The broker scammed him out of his money because it was beneficial for them. Simply put, SageFX operates as a dealing desk, and the information about ECN is fake. Don’t fall for this scambroker. It’s an offshore company, so scammers can deceive people out of their money without any consequences. My friend lost over $500 here. Do you want the same? I doubt it. So, don’t get involved with this fraud firm. Work with verified organizations. Then you won’t face obstacles, and your money will be withdrawn without issues.


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