Sagatrade Review

Sagatrade Review

General Information

Broker Name: Sagatrade

Broker Type: Forex & CFD

Country: United Kingdom

Operating since year: 2021

Regulation: /

Address:  115 Bishopsgate, London EC2M 3UE

Broker status: Active

 

Customer Service

Phone: +44 2039877626

Email: [email protected]

Languages: English

Availability: 24/5

 

Trading

The Trading platforms: MT4, MT5

Trading platform Time zone: /

Demo account: No

Mobile trading: Yes

Web-based trading: Yes

Bonuses: Yes

Other trading instruments: Yes

 

Account

Minimum deposit: $10,000

Maximal leverage:  1:100

Spread: Floating

Scalping allowed: Yes

 

REVIEW CONTENT

  • GENERAL INFORMATION
  • FUNDS TRADING AND SECURITY
  • THE TRADING ACCOUNTS
  • TRADING CONDITIONS
  • TRADING PLATFORM
  • SAGATRADE’S TRADING PRODUCTS
  • CUSTOMER SERVICE
  • CONCLUSION

 

Broker Review: Sagatrade

Broker Review: Sagatrade

 

General Information

Sagatrade is an online luxury brokerage that aims to attract serious traders and investors. It offers a broad array of trading services, consisting of forex and CFD trading. That allows it to present a broad asset variety, leading to a larger degree of openness towards different traders. The broker operates from the UK, more precisely 115 Bishopsgate, London. Our Sagatrade review will help you determine whether the broker suits your trading and investing needs.

When you first open up Sagatrade’s website, the thing you notice is that it’s immensely detailed. Instead of frontloading the landing page like some brokerages do, Sagatrade went with the route of sectioning its website meticulously. We personally prefer that approach because of two primary reasons. First, it leads to an overall more convenient process of informing yourself about the broker. Second, it makes the broker seem less overwhelming, as you can take in the information bit by bit.

Overall, that makes it seem more friendly both towards newer users and more experienced traders. The tradeoff is that the navigation takes slightly longer. Sometimes you’ll need to click through a few pages before you find what you’re looking for. In our eyes, that trade is well worth it since what you get is more info about the broker from sagatrade.io.

As we all know, information is the most crucial thing to have when signing up for a new brokerage. The myriad of cases where uninformed traders sign up for fishy companies and get robbed is a testament to that. Any company that lets us easily learn everything about them is off to a good start in our eyes. However, for the complete Sagatrade review, the broker also needs to prove itself in other areas. Before we dig deeper, let’s look at some interesting features at Sagatrade:

general information

·        Promotions at SagaTrade

Anyone who’s taken up trading doesn’t need an explanation as to why promotions contribute to their experience. They essentially amount to free funds the broker gives you, and we welcome that with open arms. Recently, promotions have started becoming somewhat more common with online brokerages, but most limit them severely. The advantage of Sagatrade is that there’s a variety of bonuses, and you can reap the benefits of all of them. That translates to a massive advantage trading-wise, as your gains become larger and losses less substantial.

·        Education

Another significant feature of Sagatrade is the in-depth educational experience it provides to everyone who signs up. It has a solid amount of video and textual material, covering those that prefer either. On top of that, it contains the possibility of personal trading sessions and classes. One-on-one education is the most effective way to learn and leads to rapid improvement and mistake correction. Because of that, even professional traders might find purchase with the educational service, meaning it’s quite robust.

·        Analysis at SagaTrade

While the previous feature we mentioned in our Sagatrade review targets newer and less confident traders, this one targets professionals. While broad analytical features benefit everyone, it’s no secret that experienced investors can utilize them better than beginners. And Sagatrade organized an excellent set of materials and tools that can help your analytical processes. They include technical measures, such as calculators and charts, as well as curated news and market data. And while some traders may prefer other sources, the broker’s setup is still commendable.

 

Funds Trading and Security

Security is a primary concern when choosing an online broker since bad security can harm you much more than poor service. As such, we’ve rigorously searched through Sagatrade’s website to bring you the specifics of their security setup. We’re glad to say that the broker holds up, especially when compared to other newer brokerages. New brokers tend to forgo security altogether, scraping up something half-serviceable as a formality. Sagatrade seems to be genuinely interested in protecting its users, which is excellent for a luxury brokerage.

As we said earlier in our Sagatrade broker review, its website is quite apparent and informative. That’s a good baseline for trusting a brokerage, as it proves that they’ve actually put in the effort to create a solid user experience. Scams don’t really care about what their users do after they sign up, only chasing the initial deposit. Because of that, scam broker websites often end up looking like advertisements.

Another good sign is that Sagatrade’s offices are in London. Most dishonest brokers opt for offshore locations, as it makes them virtually impossible to track down. In terms of broker regulation, the UK is one of the stricter areas, so local brokers need to be valid.

We also looked for a history of wrongdoings and mishaps, and it came back blank. That means that, in total, our Sagatrade review came back with nothing incriminating for the broker. While there’s always work brokers can do to improve their security, we found Sagatrade’s entirely passable.

 

The Trading Accounts

The accounts at Sagatrade are quite standard as far as brokers go. They follow a tiered structure and start at $10,000. It’s important to note that that’s the deposit they require, not money you pay for the account. In other words, you can still trade with all the funds you deposit and the actual accounts cost nothing. Naturally, the requirement is steep, but that’s a whole other issue altogether.

We realize that most newbies wouldn’t feel confident with depositing that much at once. However, as we said earlier in our Sagatrade review, the broker aims at serious investors. For them, it has a broad set of interesting features that can improve their overall trading experience. We should also note that there’s an Islamic option for accounts, making Sagatrade more inclusive. Here’s what you get with the various account types at sagatrade.io:

SagaTrade trading accounts

Bronze

  • From €10,000
  • Market Reviews
  • Webinar Access
  • Social Trading

Silver

  • From €25,000
  • Market Reviews
  • Webinar Access
  • Social Trading
  • VOD: Advanced

Gold

  • From €50,000
  • Market Reviews
  • Webinar Access
  • Social Trading
  • VOD: Advanced
  • 1 Risk Free Trade
  • Personal Assistant

Platinum

  • From €100,000
  • Market Reviews
  • Webinar Access
  • Social Trading
  • VOD: Advanced
  • 3 Risk Free Trade
  • Personal Assistant
  • Customized Account
  • Access to Trading Room

Diamond

  • From €250,000
  • Market Reviews
  • Webinar Access
  • Social Trading
  • VOD: Advanced
  • 3 Risk Free Trades
  • Personal Assistant
  • Customized Account
  • Special Offers
  • Trading Specialist
  • Exclusive Market Updates

Premium

  • From €500,000
  • Market Reviews
  • Webinar Access
  • Social Trading
  • VOD: Advanced
  • 3 Risk Free Trades
  • Personal Assistant
  • Customized Account
  • Special Offers
  • Trading Specialist
  • Exclusive Market Updates
  • Premium Education Package
  • Premium Algorithmic Trading System
  • Full Account Overview
  • Dedicated Account Genius

VIP

  • From €1,000,000
  • Market Reviews
  • Webinar Access
  • Social Trading
  • VOD: Advanced
  • 3 Risk Free Trades
  • Personal Assistant
  • Customized Account
  • Special Offers
  • Trading Specialist
  • Exclusive Market Updates
  • Premium Education Package
  • Premium Algorithmic Trading System
  • Dedicated Account Specialist
  • Full Account Overview
  • Customized Platforms
  • Exclusive Assets
  • Premium Account Manager

 

Trading Conditions

As you could see from our accounts section, the broker has quite a broad set of trading features. Naturally, they’re dependent on your account type, with higher tiers having more benefits. Those include personal lessons, trading sessions, and risk-free trades. However, we should also note that the broker has other various advantages, such as tight spreads. On top of that, the broker offers a leverage of 1:100, which isn’t the highest but does allow you to maximize your capital.

On top of that, the broker has a copytrading platform which makes it much easier for beginner and intermediate traders to succeed. The funding is also quick, minimizing the waiting period for activating your account. It also means withdrawals are quick, letting you obtain the money you made whenever you want it.

 

Review of  Trading Platform

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The broker has a versitility when it comes to its platforms which we always like to see. It offers MetaTrader4 and MetaTrader5, which are the two leading online trading platforms. The differences between the two largely come down to preference, and traders here can pick the one they like the best. As we said earlier in our Sagatrade review, the broker also has copytrading features, benefiting both more and less experienced users. The platforms come in mobile form and work through browsers, increasing the overall convenience for users.

 

Sagatrade’s Trading Products

As we said near the start of our Sagatrade broker review, the broker specializes in CFDs. Now, that might not be the preferred method of trading for some, but it’s undeniably effective. Using CFDs the broker is able to set up trading on a vast majority of trading assets, covering all major categories. The broker’s library is quite rich, letting traders enjoy a wide variety of trading products. Here are the trading instrument categories at sagatrade.io:

  • Forex
  • Stock CFDs
  • Indices CFDs
  • Commodity CFDs
  • Crypto

 

Customer Service

Sagatrade’s support follows the standard for brokers. It works 24/5 and you can reach it via email or telephone. We’ve contacted them with a test issue and the response was quick, while the representative was kind and knowledgeable. Overall, the experience is solid and we doubt anyone will find any problem with it.

 

Phone: +44 2039877626

Email: [email protected]

Conclusion

Sagatrade is a promising new broker that knows its clientele well and doesn’t stray away from providing them with what they want. As you could see from our Sagatrade broker review, it’s quite rich with luxury features. However, the really commendable thing is that the broker also pays attention to beginner and intermediate traders. While they might not be their target audience, the broker’s care for them shows a dose of meticulousness.

As far as the trading and security go, there are few complaints you can make. For a brokerage that’s starting out, Sagatrade is way ahead of the curve. We’ll go as far as to say it should be a serious consideration for any serious trader. The broker will only improve in the future and we’re eager to see it.