WikiFX Review: Is SAGATRADE trustworthy?

WikiFX | 2022-04-25 12:13

Abstract：What does SAGATRADE look like? Is SAGATRADE legal in your country? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure and etc. And you should never miss it.

What SAGATRADE is

SAGATRADE is a UK-based online forex broker offering financial service to its clients. SAGATRADE is located at 115 Bishopsgate London EC2M 3UE. The support team of this broker can be reached through phone call or sending emails, their phone number is 442039665416. According to WikiFX, SAGATRADE has been given a very low rating of 1.12/10. SAGATRADE currently doesnt hold a legitimate license, which means it is not regulated by any regulatory institution. you are likely to lose money if something goes wrong.

Unavailable website

To check brokers website is one of the best method to understand a certain broker better. Unfortunately, we can not open SAGATRADE website.

Account types&Minimum deposit

SAGATRADE provides traders with VIP account, premium account, diamond account, platinum account, gold account, silver account, and bronze account. The minimum deposit for bronze account is €10,000, the minimum deposit for silver account is€25,000, the minimum deposit for gold account is€50,000, the minimum deposit for platinum account is€100,000, the minimum deposit for diamond account is€250,000, the minimum deposit for premium account is€500,000, the minimum deposit for VIP account is €1,000,000. All of these accounts are supported by EA.

How the risk looks like

Like many other unregulated brokers, We can not call SAGATRADE as trustworthy broker as it lacks so much information. For most scam brokers, they are likely to freeze your account and steal your money when you invest in. They may try their best to persuade you to open an account, and eventually make you deposit more money by giving some rewards at the beginning. Once the scam becomes so obvious, they will take your money away without giving your any response.

Conclusion

All in all, SAGATRADE is not the best broker to invest with as it may take your money away fraudulently. We dont advise you to trade with them since you do not want to lose everything to the last penny. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.

(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)

Forex Broker Forex trading Broker Fundamental analysis

Related broker

Regulated

Company name：TRADING.COM MARKETS UK LIMITED

Score

9.31

Website：https://www.xmmarketcn.tech/gw.php?gid=146696

15-20 years | Regulated in Australia | Regulated in Cyprus | Regulated in Belize

Website：https://topfx.com.sc/en

10-15 years | Regulated in Cyprus | Market Maker (MM) | MT4 Full License

Company name：SAGATRADE

Score

1.47

Website：https://www.sagatrade.io/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.47

FXPRIMUS SCAM Alert: 5 Reasons Why Traders Are Backing Off

At first glance, FXPrimus appears to be a reputable broker. Its website looks polished and professional, giving the impression of trustworthiness. However, behind this sleek appearance lies a concerning reality. The broker has numerous complaints registered against its name—a series of red flags that you simply can’t afford to ignore. In this article, we’ll tell you the reasons why traders are backing away from FXPrimus.

Original 2025-08-29 20:07

Forex Trading Options: Definition, Importance, Benefits & Key Insights

Want to invest in forex trading options? You should first learn the concept of foreign exchange options. A lot of traders remain unaware of it. Forex options serve as a great tool for investment diversification and hedging of a spot position. They can also be used to predict short or long-term market views as opposed to trading in the currency spot market.

Original 2025-08-29 19:20

Think Twice Before Trading with AZAforex – Here’s Why

Brokers often show only their attractive side. They highlight their features, bonuses, and promises of high returns to gain your trust. But behind the scenes, there can be a darker reality they don’t talk about. AZAforex is one of those brokers. We found many red flags during our research about it. All five major warning signs are revealed in this article! Read until the end.

Original 2025-08-29 19:19

What is Equity in Forex Trading - An In-depth Guide Awaits You!

Wondering what does equity mean in forex trading? You are at the right place! It simply indicates the traders the capital they have currently to trade. Equity is arrived at after adding current profits to the trading balance. In case the trade witnesses losses, they will be subtracted from the trading balance. Upon the closure of all trades, your trading balance is your equity.

Original 2025-08-29 18:08