XBTFX vs Sage FX

XBTFX or Sage FX – which is better for UK traders 2024? Compare XBTFX and Sage FX in this detailed breakdown of their platforms, features and fees.

XBTFX vs Sage FX Comparison Table 2024
XBTFX Sage FX
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XBTFX is ranked #96 among CFD brokers. Sage FX is ranked #56 among CFD brokers.
XBTFX is a fintech broker offering trading opportunities on 200+ instruments via the powerful MT4, MT5 or cTrader terminals. The low minimum deposit, copy trading services and competitive trading fees makes it an appealing brand for traders of all strategy types. The broker has a decent client base of 10,000. 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.
Pros
  • I'm a fan of the transparent ECN pricing model with competitive spreads from 0.01 pips and commissions of $3.50 per lot per side
  • I was glad to see copy trading is available via the MT5 terminal or through the broker's PAMM/MAM accounts
  • I appreciate the low minimum deposit requirement of $10 plus a demo account, making the brand suitable for beginners
  • Standard, ECN and Islamic account types cater to various trading strategies that require different pricing models
  • There are no deposit and withdrawal fees, plus I'm impressed that the broker facilitates same day withdrawal processing
  • 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
Cons
  • XBTFX is an unregulated broker meaning there are no requirements to comply with financial safeguarding measures for customers
  • I noticed that there is quite limited educational content for beginners available and much of the financial market news is outdated
  • I'm disappointed that the only funding currencies are EUR or cryptos
  • Not regulated by any reputable body
  • Relatively narrow range of asset classes
  • Lacks educational resources and other extra features
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, Cryptos, Commodities Forex, indices, cryptos
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
Pending
Mobile Apps
iOS & Android iOS and Android
iOS App Rating
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Android App Rating
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Margin Trading
Yes No
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
Yes No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Social Trading
No No
Trade Signals
No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Commodities
  • Oil
  • Silver
  • Gold
  • Silver
CFD
I found a fairly decent range of 200+ CFDs across 5 asset classes on the MT4, MT5 or cTrader terminals. I particularly like the copy trading solutions, STP execution and the fact that you can get started with just $10. 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 1:500
FTSE Spread
Variable 5.0
GBPUSD Spread<
Variable 0.9
Oil Spread
Variable 0.04
Stocks Spread
Variable N/A
Forex
XBTFX offers a large list of 70+ major, minor and exotic currency pairs such as EUR/USD or GBP/JPY. I find spreads very competitive starting from 0.01 pips and leverage up to 1:500 for experienced investors. 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.
Assets
79 57
GBPUSD Spread
Variable 0.9
EURUSD Spread
Variable 0.9
EURGBP Spread
Variable 2.5
Cryptocurrency
There's an excellent range of 70+ cryptocurrency vs USD pairs such as BTC/USD, ETH/USD and XRP/USD with leverage up to 1:25. My tests also found competitive commission fees of 0.075%. 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.
Spread
Variable Floating
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • BAT
  • DASH
  • EOS
  • ETC
  • IOTA
  • NEO
  • OMG
  • TRX
  • XLM
  • XMR
  • ZEC
  • ADA
  • DOGE
  • SOL
  • DOT
  • LINK
  • MTC
  • UNI
  • ALG
  • FIL
  • MKR
  • BTC
  • XRP
  • LTC
  • DASH
  • ETH
  • EOS
  • NEO
  • TRX
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
XBTFX Sage FX
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