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SageFX

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Operating status: SCAM

Website: https://sagefx.com/

Broker violations and abnormal records
  • Aug 27, 2025 BrokersView has reviewed that SageFX is an unregulated forex broker

    SageFX claims to be registered with IRI, but no matching information has been found in IRI. It's worth noting that IRI isn't a regulatory body and lacks the authority to oversee the foreign exchange market. Therefore, SageFX currently lacks effective regulatory oversight and may present a high risk of fraud.

    SageFX claims to be registered with IRI, but no matching information has been found in IRI. It's worth noting that IRI isn't a regulatory body and lacks the authority to oversee the foreign exchange market. Therefore, SageFX currently lacks effective regulatory oversight and may present a high risk of fraud.
  • Jul 05, 2022 The CFTC issues a warning against SageFX

    On Jul 6, 2022, the Commodity Futures Trading Commission (CFTC) issued a warning against SageFX, believing this company might be providing financial services or products without proper authorization. https://www.cftc.gov/REDlist/node/241236

    On Jul 6, 2022, the Commodity Futures Trading Commission (CFTC) issued a warning against SageFX, believing this company might be providing financial services or products without proper authorization. https://www.cftc.gov/REDlist/node/241236

Related Complaints

Q&A

What about this broker's license?

Okullo Robert
Vietnam
Mar 28, 2023
ANSWER SageFX is an unlicensed broker even though it states offers that look too good to be true.SageFX claims to be operated by Sage Forex LLC and is supposedly located in Saint Vincent and the Grenadines. However, our search for this broker in the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) registry did not yield any results. Moreover, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities.Regarding your question, SageFX is currently not authorized or licensed by any financial regulators to provide financial services or products. Letting this broker hold and control investors' funds or trading with them is very risky, since there are no safeguards in place to prevent fraud or theft. We would suggest investors stay away from such unlicensed brokers as SageFX and trade with fully regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.