SagaTrade Broker Review

SagaTrade Broker Review – What’s Wrong With SagaTrade.io Broker?

Since SagaTrade is an online trading brokerage that tries to assure its clients that it operates “under license,” we decided to check whether SagaTrade is regulated and by whom. We have updated our unbiased reviews of InstaForex, Axiance, and Hackford Trade so that you can gain even more knowledge about SagaTrade.

1. Scam Broker Status: Unregulated
2. Licensed by: No License (Unlicensed Scam)
3. Websites of scammers: SagaTrade.io
4. Forex Trading Scam: Active
5. Scam listed by: N/A
6. Owner of the broker: N/A
7. Headquarters: United Kingdom
8. Founded in: N/A
9. Platforms for online trading: WebTrader
10. No mobile trading is available.
11. Deposit requirements: $250
12. No deposit bonus: Not available with this broker
13. Coins and cryptoassets: Available
14. Leverage maximum: 1:10
15. Available Islamic Accounts
16. Demo Account: No, only live accounts are US clients are not accepted: US traders are not accepted
17. Fraud Protection Experts’ Verdict: Don’t Invest in This Scam Broker!

Is SagaTrade Safe And Regulated?

The SagaTrade broker did not provide any information regarding the owner, and the alleged license remains a mystery. With its official headquarters in the UK, the company should obtain a license from the FCA. Nevertheless, what they should have done and what they did differ.

Questions About SagaTrade License – Reputation Problems

We found no SagaTrade regulation in the FCA, ASIC, CySEC, and a few other Tier1 registers. In other words, you’re dealing with unregulated fraud and people who won’t hesitate to lie to their clients to conduct a scam.

EZCFDs, SolidStocks, and Seven Capitals should be excluded from your list of potential brokers to trade with to avoid the SagaTrade scam. You will save time, money, and nerves!

SagaTrade Login Problems – One Of The Signs Of A Scam

A login issue is one of the first signs of a scam. Several brokers, including SagaTrade, block clients’ access to their trading accounts once they request payouts. It is illegal for the broker to allow any withdrawals, and since no regulator can guarantee that clients will receive their funds, the broker can do anything he wants.

Your account can be suspended if you insist on a withdrawal too much. If you notice that you cannot log in to your account for a few days in a row, let us know. 

Did You Fall Victim to the SagaTrade Scam? – We Can Help You!

We would like to hear from you if SagaTrade or similar illicit brokers have scammed you. File a dispute to get your money back instead of falling victim to the SagaTrade scam.

Our chargeback specialists are available via online chat to provide you with a free consultation. As a result of numerous complaints we’ve received against the broker, Global Fraud Protection has been able to help people recover their funds.

Now is the time to take action and get back what’s yours!