Sage FX Review 2024

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Sage FX is #57 in our rankings of CFD brokers.

Sage FX Facts & Figures

SageFX is an offshore, unregulated CFD broker that offers highly leveraged trading on forex, stocks, commodities, indices and crypto via the TradeLocker platform. Traders can access commission-free trading or an ECN account with tight spreads. While the broker's regulatory status is weak, it does provide segregated accounts and two-factor authentication.

  • Flexible accounts with STP and ECN solutions available
  • Prop trading accounts with multiple funding tiers
  • Ability to deposit and withdraw via Bitcoin
  • Bonus offers and trading competitions
  • Low starting deposit from $10
  • Fast withdrawal processing
  • High leverage up to 1:500
  • Not regulated by any reputable body
  • Relatively narrow range of asset classes
  • Lacks educational resources and other extra features
Instruments Forex, indices, cryptos
Demo Account Yes
Min. Deposit $10
Mobile Apps iOS and Android
Min. Trade 0.01 Lots
Regulated By Pending
MetaTrader 4 No
MetaTrader 5 No
cTrader No
DMA Account No
ECN Account Yes
Social Trading No
Copy Trading No
Auto Trading Expert Advisors (EAs) on MetaTrader
Signals Service No
Islamic Account No
  • Gold
  • Silver
CFDs Trade CFDs on forex, stocks, metals, energies, indices, cryptos and dollar futures. Sage FX offers tight spreads and high leverage on all instruments from 1:100 to 1:500.
Leverage 1:500
FTSE Spread 5.0
GBPUSD Spread 0.9
Oil Spread 0.04
Stocks Spread N/A
Forex Trade 7 major, 21 minor and 29 exotic forex pairs with high leverage and a choice between STP or ECN accounts. Support is available around the clock and the TradeLocker forex software is provided.
GBPUSD Spread 0.9
EURUSD Spread 0.9
GBPEUR Spread 2.5
Assets 57
Stocks Speculate on price movements of 37 US and European blue chip stock CFDs, including Adidas, Intel and Volkswagen. On the negative side, the selection of stocks is limited vs alternatives and direct share dealing isn't provided.
Cryptocurrency Trade CFDs with leverage up to 1:100 on 23 crypto pairs with USD including popular tokens like Bitcoin and Ether and lesser-known options like OMG. On the downside, crypto-only pairs are not offered.
  • BTC
  • XRP
  • LTC
  • DASH
  • ETH
  • EOS
  • NEO
  • TRX
Spreads Floating
Crypto Lending No
Crypto Mining No
Crypto Staking No
Auto Market Maker No
Risk Warning – Your Capital is at risk

Sage FX is a forex and CFD trading broker that offers UK and international clients high leverage speculation services on various financial markets, including cryptocurrency. This 2024 Sage FX broker review will explore essential aspects of the company, such as regulation, trading fees, minimum deposit amount, available leverage and any bonus schemes offered.

About Sage FX

Founded in 2020, Sage FX is a newcomer to the online trading scene. However, it boasts decades of trading experience through its staff of industry experts. The broker specialises in STP and ECN trade execution styles and does not operate as a market maker.

Sage FX is based on the Caribbean island of Saint Vincent and the Grenadines and is not currently regulated by an official body. While this may be a red flag to some investors, the lack of regulation is likely due to how recently the company was founded. UK investors should generally seek a broker regulated by a top-tier regulator like the FCA for maximum protection unless they are searching for specific services not allowed under FCA regulation.


Sage FX offers CFD products on a wide range of assets, including forex and cryptocurrency pairs. However, this broker does not provide alternative forms of speculation, such as binary options, equities and spread betting.


Over 50 currency pairs are available, with significant representation from major, minor and exotic forex pairs. Spreads are as low as 0.1 pips on major pairs when using the ECN account variant.


With nine major global indices and the US dollar index futures market, Sage FX provides some support for index trading. However, while the broker offers CFDs on popular assets like the UK FTSE 100 and US S&P 500, some traders may miss more specialised markets like the VIX 70 and ASX 200.


A small selection of US and EU shares are provided for CFD trading, with just under 40 total equities markets available. This is somewhat disappointing as many competitors offer thousands of global share CFDs, including UK assets.


An asset class in which Sage FX excels is its crypto CFDs, with more than 20 pairs available to UK clients. With spreads as low as 0.1 pips, users can trade well-known tokens like Bitcoin, Ethereum, Neo and Dogecoin.


A total of eight commodities instruments are available, covering fuels and metals markets, though soft commodities like cotton and coffee futures are conspicuously absent. Gold is provided as a USD and EUR pair, though there is no GBP pair alternative.

Users can take advantage of spreads as low as 0.06 pips on UK Oil through the Sage FX ECN account.


As a non-regulated broker, there are no restrictions on the leverage that Sage FX can offer to clients. Indeed, users can access margins far above what FCA or ASIC regulated companies provide, with 1:500 leverage rates on major, minor and exotic FX pairs and metals markets. A margin of 1:200 is available on energies and indices and 1:100 on shares, crypto and the US dollar futures index.

The margin call level is 100%, while the stop out level stands at 70% on all trades.

Account Types

Sage FX offers ECN and STP execution-style accounts so traders can choose between raw spreads or commission-free trading.

With a standard account, clients have no account funding requirements but cannot access the lowest spread markets. The pro account enforces an initial minimum deposit of $500 but allows clients to trade the broker’s PRO symbols from 0.1 pips. The commission rate of both ECN accounts stands at $4 per side per lot.

The VAR commissions STP account allows clients to eliminate the standard commission rate of $4 per side per lot for those who prefer commission-free trading. However, spreads are marked up somewhat to account for this.

Sage FX does not provide a swap-free Islamic account for traders that cannot pay interest due to religious beliefs. However, this account type may be introduced when the broker integrates the MT5 trading platform.

Demo Account

Many clients appreciate the chance to trade risk-free on a demo account before opening a real account with a broker. To this end, Sage FX provides a fully funded MT4 demo account to clients who wish to practise new trading strategies or learn new markets before committing to a live account.

Trading Platforms

There is currently only one trading platform that Sage FX traders can utilise, MetaTrader 4 (MT4). With nine timeframes and 30 technical indicators as standard alongside great customisability, the MT4 platform is a trader favourite due to its seamless expert advisor (EA) and custom indicator integration.

Advanced trading and chart analysis with Sage FX MT4

MetaTrader 4

MT4 is available as a browser-based web trader and a free standalone program to download for Windows, Mac and Linux.

In addition to MetaTrader 4, Sage FX plans to support the MetaTrader 5 (MT5) platform. While not a direct replacement to MT4, this platform features an additional twelve timeframes and eight indicators as standard and an updated MQL5 coding language for enhanced algorithmic trading.

Mobile Apps

MetaTrader 4 has a mobile app available for Android and iOS devices for clients who want to monitor their positions from wherever they are. The MT4 mobile platform features impressive functionality, with up to ten simultaneous charts supported and the same standard technical indicator capacities as the desktop platform.

There is no proprietary Sage  FX mobile app, so clients must use the MT4 mobile site or a desktop computer to manage their accounts, positions and funding.

Payment Methods

Investors are presented with four options for deposits and withdrawals from Sage FX – crypto wallet transfers, credit card, debit card and VLoad prepaid card. The crypto tokens accepted are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Dogecoin (DOGE) and Tether (USDT). There is a minimum deposit of $10. However, this may not be a viable transaction amount for crypto transfers due to network fees.

Deposit times vary for each method, with some crypto deposits processing instantly, depending on the token. Card payments take 3-5 business days and VLoad transactions also occur instantly. Withdrawal times are not specified by the broker but are usually slightly longer than deposit times for the same method.

While Sage FX plans to support bank wire transfer payments soon, popular e-wallet methods such as PayPal, Skrill and Neteller are absent entirely.

Trading Fees

Commission rates on the low spread ECN accounts are very competitive and stand at $8 per round lot traded. Swap fee rates are different for each asset and can be found through the MT4 platform.

The brokerage does not charge inactivity fees on funds held in accounts without recent activity. However, frequent deposits and withdrawals without trading activity may lead to fees or account suspension.

Deposit & Withdrawal Fees

Prospective clients will be pleased to hear that Sage FX operates a 0% deposit and withdrawal fee rate on all methods. However, crypto transfers may be subject to network gas fees, which the broker has no control over.

Security & Regulation

Sage FX is not a regulated broker and thus loses credibility as a safe service. Clients are exposed to fraud and company insolvency with no regulatory body overseeing its operations. However, the company does hold client funds in segregated bank accounts to help shield them from any solvency issues.

The broker fares better with account safety measures. The client hub supports two-factor authentication, a significant asset for preventing unauthorised account access. Security is enhanced further by the separate login information used for the MT4 platform.

Customer Support

A solid customer support team can provide speculators with the ability to trade with confidence. To this end, Sage FX operates a live chat service that is available 24/7, a dedicated support email address and an online ticket facility to submit more complex queries. However, there is no support telephone number, which may inconvenience some investors.

  • Email Address:

Additionally, there is an FAQ section on the broker’s website with answers to common queries regarding account funding, demo account management, swap fee rates and much more.

Educational Content

Aside from a few brief paragraphs detailing the basics of forex and crypto trading, Sage FX does not provide any standalone educational content. This is not a huge issue, as free educational content on forex and CFD trading is commonly available online for beginners and experienced traders alike.

Advantages Of Sage FX

  • 2FA
  • MT4 access
  • Demo trading
  • STP & ECN accounts
  • Leverage up to 1:500
  • Crypto trading & funding
  • No deposit or withdrawal fees

Disadvantages Of Sage FX

  • Unregulated
  • No Islamic account
  • No bank deposits or withdrawals
  • No free VPS or margin calculator


While many brokers utilise promotions such as a welcome bonus or trading fee rebate to encourage new clients to their platforms, Sage FX does not offer new clients any bonuses. This is unusual for an unregulated broker, though these programs often feature confusing terms and conditions and lofty wagering requirements on bonus funds.

Additional Features

Additional features such as copy trading platform integration, free VPS access and a margin calculator are provided by many brokers to enhance the trading experience of their clients. However, Sage FX offers none of these additional components, though the MetaTrader 4 platform offers native copy trading support and an economic calendar with upcoming market news.

Trading Hours

Trading hours for Sage FX instruments follow the standard forex market hours, with the MT4 platform available to trade on 24/5. However, this schedule may differ during public holidays. In addition, some markets, such as indices and share CFDs, may be limited to their local exchange operating hours.

Users can access the client portal at any time to make deposits and withdrawals or update account information.

Sage FX Verdict

While Sage FX provides enticing features, such as crypto CFD support and high leverage capabilities, investors should exercise caution before signing up for an unregulated broker service. The broker provides useful security measures, including two-factor authentication and segregated bank accounts for client funds. However, those who seek some peace of mind may be better off with an FCA regulated forex and CFD provider.


Is Sage FX Regulated?

Unfortunately, Sage FX does not currently hold a licence from any regulatory body. While this may be because the brokerage is still relatively new, UK traders may prefer an FCA regulated broker.

Does Sage FX Have A Minimum Deposit Amount?

Sage FX has a minimum deposit amount of $10 for all supported payment methods. However, investors may wish to deposit a significantly higher amount due to high network or gas fees for its crypto token funding options.

What Are Sage FX’s Commission Rates?

The broker levies a commission of $4 per side per lot on its ECN trades. However, Sage FX also provides an STP account for zero commission speculation.

Is The Sage FX Login Secure?

Sage FX employs two-factor authentication (2FA) to add an extra layer of security to its login portal.

Does Sage FX Offer A Welcome Bonus?

There are no promotions or sign up bonus schemes available to Sage FX clients at this time.

Compare Sage FX with Other Brokers

These brokers are the most similar to Sage FX:

  1. FP Markets - FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
  2. FXPrimus - FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.
  3. Admiral Markets - Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.

Sage FX Feature Comparison

Sage FX Compared With Similar Brokers
Sage FX FP Markets FXPrimus Admiral Markets
Rating 3 4 4 3.5
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Minimum Deposit $10 $100 $15 $100
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Demo Account Yes Yes Yes Yes
Bonus - - - -
Education No Yes No Yes
Platforms - MT4, MT5, cTrader MT4, MT5, cTrader MT4, MT5
Leverage 1:500 1:30 (UK), 1:500 (Global) 1:1000 1:30 (EU), 1:500 (Global)
Review Sage FX
FP Markets
Admiral Markets

Trading Instruments Comparison

Comparison of Sage FX Trading Instruments
Sage FX FP Markets FXPrimus Admiral Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Crypto Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes No
Gold Yes Yes Yes Yes
Copper No Yes No Yes
Silver Yes Yes Yes Yes
Corn No Yes No No
Futures No Yes Yes No
Options No No Yes No
ETFs No Yes No Yes
Bonds No Yes Yes Yes
Warrants No No No No
Spreadbetting No No No Yes
Volatility Index No Yes No Yes

Sage FX vs Other Brokers

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SageFX is an offshore, unregulated CFD broker that offers highly leveraged trading on forex, stocks, commodities, indices and crypto via the TradeLocker platform. Traders can access commission-free trading or an ECN account with tight spreads. While the broker's regulatory status is weak, it does provide segregated accounts and two-factor authentication.