Introduction
If you’re looking to invest in the forex market, you need to choose a reliable broker to ensure a smooth trading experience. One such broker is Sage FX, which has gained popularity in recent years due to its comprehensive trading platform and competitive pricing. In this article, we’ll provide a detailed review of Sage FX and everything you need to know before signing up.
Background
Sage FX was founded in 2015 and is headquartered in London. It is regulated by the Financial Conduct Authority (FCA) and provides access to over 300 financial instruments, including forex, stocks, and commodities. The broker is known for its user-friendly platform, low spreads, and fast execution speeds.
Trading Platform
Sage FX offers two trading platforms – MetaTrader 4 and a proprietary platform called Sage Trader. MetaTrader 4 is a popular trading platform among forex traders and offers advanced charting tools and technical analysis indicators. Sage Trader, on the other hand, is a web-based platform that is easy to navigate and provides real-time market data.
Account Types
Sage FX offers four account types – Standard, VIP, Pro, and Islamic. The Standard account requires a minimum deposit of $100 and offers spreads starting from 1.2 pips. The VIP account requires a minimum deposit of $10,000 and offers spreads starting from 0.6 pips. The Pro account is designed for professional traders and requires a minimum deposit of $50,000. The Islamic account is designed for traders who follow Shariah law and does not charge any swap fees.
Commission and Spreads
Sage FX offers competitive spreads starting from 0.6 pips for major currency pairs. The broker does not charge any commission on trades, except for the Pro account which charges a commission of $5 per lot traded. The broker also offers a rebate program, where traders can receive cashback for every trade they make.
Customer Support
Sage FX offers 24/5 customer support through live chat, email, and phone. The broker also has a comprehensive FAQ section on its website where traders can find answers to commonly asked questions.
Education and Resources
Sage FX offers a range of educational resources for traders of all levels. The broker provides access to video tutorials, webinars, and market analysis reports. Traders can also access a free demo account to practice trading strategies before investing real money.
Regulation and Security
Sage FX is regulated by the FCA, which is one of the most reputable financial regulatory bodies in the world. The broker also employs advanced security measures like SSL encryption and two-factor authentication to ensure the safety of traders’ funds and personal information.
Conclusion
Sage FX is a reliable forex broker that offers a range of trading instruments, competitive pricing, and user-friendly platforms. The broker is regulated by a reputable financial authority and provides excellent customer support and educational resources. Whether you’re a beginner or a professional trader, Sage FX has something to offer.
