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Pros

Low minimum deposit of $10, making it accessible for beginners.
High leverage options up to 1:500, allowing for potentially greater returns.
Diverse range of trading instruments, including forex, cryptocurrencies, and commodities.

Cons

Lack of regulation, raising concerns about the broker's reliability and safety.
Limited functionality of the trading platform compared to more established platforms like MetaTrader.
Mixed reviews regarding customer support and withdrawal processes, with some users reporting delays.

Sage FX broker Accounts

SageFX Account Type

SageFX offers a variety of account types under one main account structure, each designed to cater to different trading preferences and strategies. Here are the available account types:

  • Standard ECN Account:
    • Symbol: eurusd
    • Spread: Medium spread on major pairs
    • Commission: $8 per trade
    • Pro ECN Account:
      • Symbol: eurusd.pro
      • Spread: Low spreads on pro pairs
      • Commission: $8 per trade
      • Variable Spread Account:
        • Symbol: eurusd.var
        • Spread: Higher spreads with no commission
        • Mini Account:
          • Symbol: eurusd.mini
          • Lot Size: Smaller lot sizes (1 lot = 1000)
          • Commission: $1 per trade
          • SAG Indices Account:
            • Symbol: us30.sag
            • Spread: Wider spreads
            • Contract Size: Smaller contract size (10)
            • Commission: $8 per trade

            Please note that different account types are primarily available for forex and certain symbols only.

            SageFX Broker Account Opening Process

            To open an account with SageFX, follow these steps:

            • Register: Visit the SageFX website and click on "Sign Up." Complete the registration form and review the terms and conditions.

            • Verify Your Identity: After registration, you need to complete identity verification. Upload the necessary documents as proof of identity.

            • Enable Two-Factor Authentication (2FA): For added security, enable 2FA on your account.

            • Deposit Funds: Add funds to your SageFX wallet. You can deposit using Bitcoin or other accepted methods.

            • Create a Trade Locker Account: Once your funds are deposited, create a Trade Locker account by selecting the account type, currency, and leverage level you prefer.

            • Internal Transfers: Move your funds from your wallet to your Trade Locker account.

            • Start Trading: You are now ready to trade on the SageFX platform!

            • This process ensures that you are set up securely and can begin trading efficiently.

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