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Pros

Low minimum deposit requirement of $10, making it accessible for beginners.
Wide range of trading instruments, including over 50 forex pairs and various cryptocurrencies.
High leverage options available, up to 1:500, which can enhance trading potential.

Cons

Unregulated status raises concerns about safety and investor protection.
Limited customer support options, with no phone contact and inactive social media presence.
Trading platform functionality is basic, lacking advanced features that some traders may expect.

SagaFX broker Accounts

SagaFX Account Type

SagaFX offers two primary types of trading accounts designed to cater to different trader needs: Regular Account and Mini Account.

  • Regular Account:
    • Minimum Deposit: IDR 5 million
    • Leverage: Up to 1:100
    • Minimum Lot Size: 1 lot
    • Spread: Fixed spread starting from 3.0 pips for forex trading and $0.5 for commodities.
    • Mini Account:
      • Minimum Deposit: IDR 2 million
      • Leverage: Up to 1:100
      • Minimum Lot Size: 0.1 lot
      • Spread: Fixed spread starting from 3.0 pips for forex trading and $0.5 for commodities.

      Both account types provide access to a range of tradable assets, including forex, stock index CFDs, and commodities like gold, silver, and oil. A demo account is also available for practice.

      SagaFX Broker Account Opening Process

      To open an account with SagaFX, follow these steps:

      • Initiate Registration:
        • Go to the SagaFX website and click the ‘Buka Akun’ button to begin the registration process.
        • Provide Personal Information:
          • Fill out the online form with required personal details, including contact information and financial background.
          • Document Submission:
            • Upload necessary documents for identity verification, such as your ID and a recent utility bill.
            • Deposit Funds:
              • Choose between the Regular or Mini account and make the initial deposit using supported methods at BCA Bank, benefiting from fixed currency conversion rates.
              • Start Trading:
                • Once your account is set up, you can commence trading on the MT4 platform. It is recommended to use the demo account first to familiarize yourself with trading operations.

                For more information, visit SagaFX.

SagaFX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
SagaFX Account