WikiFX Review: Is SAGATRADE trustworthy?

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.)