Sage FX Review
https://sagefx.com/
Sage FX is an unregulated offshore forex broker and prop trading firm headquartered in the Marshall Islands, operating since 2020. It offers ECN/STP accounts with low minimum deposits starting from $10 and supports trading over 130+ assets including forex pairs, stocks, indices, commodities, and cryptocurrencies. Sage FX uses a proprietary web-based TradeLocker platform with TradingView charting, but it does not support the widely-used MetaTrader 4 platform anymore, which puts traders at a disadvantage due to limited features and no algorithmic trading or advanced tools.
The prop trading arm provides funded accounts from $25,000 to $200,000 with profit splits up to 90/10. The evaluation phase has demanding targets such as 10% profit in 30 days, which might be difficult for many traders. Fees for evaluation are relatively high, ranging from $250 to $1,000. Leverage can be as high as 1:500. Customer support and educational resources are reported to be limited, and there is no negative balance protection.
Overall, Sage FX is seen as risky due to its unregulated status, high trading fees, and proprietary platform limitations. While it offers access to a broad range of instruments and crypto deposits, the firm’s trading conditions, elevated evaluation hurdles for prop trading, and poor customer service might deter all but experienced traders willing to accept higher risk
Sage FX is an unregulated offshore forex broker and prop trading firm headquartered in the Marshall Islands, operating since 2020. It offers ECN/STP accounts with low minimum deposits starting from $10 and supports trading over 130+ assets including forex pairs, stocks, indices, commodities, and cryptocurrencies. Sage FX uses a proprietary web-based TradeLocker platform with TradingView charting, but it does not support the widely-used MetaTrader 4 platform anymore, which puts traders at a disadvantage due to limited features and no algorithmic trading or advanced tools.
The prop trading arm provides funded accounts from $25,000 to $200,000 with profit splits up to 90/10. The evaluation phase has demanding targets such as 10% profit in 30 days, which might be difficult for many traders. Fees for evaluation are relatively high, ranging from $250 to $1,000. Leverage can be as high as 1:500. Customer support and educational resources are reported to be limited, and there is no negative balance protection.
Overall, Sage FX is seen as risky due to its unregulated status, high trading fees, and proprietary platform limitations. While it offers access to a broad range of instruments and crypto deposits, the firm’s trading conditions, elevated evaluation hurdles for prop trading, and poor customer service might deter all but experienced traders willing to accept higher risk
📱 Scan this QR to open paste
💬 Comments