SageFX
- Trust score
- 2/10
- Legal simplicity
- 2/10
- Min. deposit
- 10
- Payment systems
Features
- Low minimum deposit
- Segregated client accounts
- ECN account type
- Scalping allowed
- Affiliate program
- Wide range of trading instruments
Pros
- ECN execution with tight spreads
- Leverage up to 1:500 on currency pairs, 1:100 on cryptocurrencies
- Deposits and withdrawals accepted in cryptocurrency
Cons
- Operates offshore with no oversight from a financial regulator
Updated:
SageFX is an offshore forex and CFD broker founded in 2024 and based in Saint Vincent and the Grenadines. It is not regulated by any financial authority and serves clients worldwide, excluding residents of the USA and a small number of other restricted countries. The broker runs ECN-style trading on MetaTrader 4, with leverage up to 1:500 and the option to deposit and withdraw in cryptocurrency.
SageFX is an offshore ECN broker with a $10 minimum deposit, segregated accounts, and a wide range of tradable instruments, including cryptocurrencies.
Overview
SageFX is a forex and CFD broker founded in 2024 and based in Saint Vincent and the Grenadines. It accepts clients worldwide, excluding residents of the USA and a small number of other restricted countries.
Regulation
SageFX is not regulated by any financial authority. It is registered in Saint Vincent and the Grenadines, a jurisdiction that allows standard business registration for forex brokers but does not actively supervise their trading activity. SageFX states that client funds are held in segregated accounts, separate from company assets.
Trading Platforms
SageFX runs on MetaTrader 4 (MT4), available for Windows, web browsers, Android, and iOS. The broker has stated plans to add MetaTrader 5 (MT5), which is not yet available.
Trading Instruments
SageFX offers:
- Currency pairs and stock indices
- Cryptocurrencies, including Bitcoin, Ethereum, and Litecoin
- Commodities such as copper, platinum, and natural gas
- CFDs on shares of European and American companies
Account Types
SageFX operates as an STP/ECN broker with a single account structure split into four currency-pair groups, each with its own spread and commission model:
- Majors: average spreads, $8 commission (e.g., USDCAD)
- PRO: lower spreads, $8 commission (e.g., USDCAD.pro)
- VAR: wider spreads, no commission (e.g., USDCAD.var)
- Mini: smaller lot size (1 lot = 1,000 units), $1 commission (e.g., USDCAD.mini)
Minimum Deposit and Funding
The minimum deposit is $10. SageFX accepts credit/debit cards, cryptocurrency, and the VLoad e-wallet.
SageFX at a Glance
| Broker name | SageFX |
|---|---|
| Year founded | 2024 |
| Headquarters | Saint Vincent and the Grenadines |
| Regulation | Not regulated |
| Trading platform | MT4 |
| EURUSD spread | 0.5 pips |
| Demo account | Available |
| Minimum deposit | $10 |
| Base currency | USD |
| Maximum leverage | 1:500 |
Conclusion
SageFX offers a low entry cost, high leverage, and a broad instrument list, but it operates without oversight from any financial regulator. Weigh that lack of regulation carefully before depositing funds.
