ALERT | SageFX Review: Is it Legit or a Scam?

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1.7
Rated 1.7 out of 5
Scam Company
1.7 out of 5 stars (based on 3 reviews)

SAGEFX MARKET INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
SageFX
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
Beachmont Business Centre, Suite 81, Kingstown, Saint Vincent, and the Grenadines
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
Unknown
CONTACT EMAIL:
support@sagefx.com (Invalid)
WEBSITE URL:
https://sagefx.com
WEBSITE IP:
141.193.213.20
IP COUNTRY:
US
DOMAIN CREATION DATE:
2018-02-13
HOSTING:
WPEngine Inc.

Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

What Is SageFX About?

SageFX is an offshore foreign exchange broker that was established not too long ago, in the year 2020 but is not regulated by any governmental body.

This SageFX Review will answer all your questions is SageFX legit? Is SageFX a scam? Can SageFX be trusted?

Bitcoins can be used to make deposits and withdrawals, and the broker provides high leverage of up to 1:500, a diverse selection of trading products, and the opportunity to trade using bitcoins. Because SageFX is an unregulated offshore broker, it enables new users to register without going through the typical verification method. This is possible given that the deposit is done in bitcoins, which enables you to trade forex without disclosing too much personal information.

It is also important to point out that the broker is registered in Saint Vincent and the Grenadines, which is an offshore jurisdiction that is frequently used for the registration of Forex brokers. Instead of regulating the actions of foreign exchange brokers, Saint Vincent and the Grenadines merely permit them to do business by having them register as law firms. This is similar to the situation in many other Caribbean nations. SageFX also claims that the funds of the customer are protected if the broker declares bankruptcy because they are maintained in a separate account from the funds of the company.

However, it is important to note that not being a regulated agency is in itself a huge red flag which suggests that any other promises made by this company are not to be trusted and is a major reason why this company is being investigated for fraud.

SageFX About us

What Is SageFX Promising to Its Customers?

SageFX offers a very beginner-friendly interface. SageFX offers its clients to get up to 90% of the profit. It also provides the option for traders to trade anywhere.

So, Is SageFX legit?

It has come to our attention that the proprietor of the website is hiding their identity by employing the services of a third party.

It’s possible that the owner doesn’t want their email inbox filled with spam. On the other hand, this makes it more difficult to determine who the actual owner of the website is. As a direct consequence of this, websites that conceal their identity receive a significantly lower score.

Their website appears to offer (information about) high-risk financial services such as trading in oil and gold as well as foreign exchanges and investments made off-shore. Before you invest, we ask that you read the post we made on our blog on the dangers of high-risk financial services.

We found keywords that point to the possibility that the organization provides extremely high-risk financial services. These are services that have the potential to deliver a large return, but also have a high probability of causing you to lose (all of) your money. We strongly recommend that you exercise extreme caution. There is no such thing as a financial provider that can ensure you a high income or provide you with risk-free investments. Whenever you make investments, there is always a significant possibility that you could end up losing all of the money you invested.

Even though it is housed on a shared server, this website gives the impression of providing financial services comparable to banking, money lending, trading stocks, and other services of a similar nature. If you utilize a shared server for data-sensitive services, you run the risk of an attacker utilizing just one hacked website on the same server as a gateway to access all of the other websites hosted on the same server.

SageFX Offers

Is SageFX Legit Or A Scam? SageFX Honest Review!

SageFX Review shows that it may be a fraud.

We discovered various clues that pointed in this direction. 

The rating is automatically assigned based on the information that we were able to locate about the website on the internet, such as whether or not an SSL certificate is utilized, the nation in which the website is hosted, and whether or not the domain is included on spam and phishing lists.

This website reportedly has a poor Tranco rank, as reported by Tranco. This indicates that the quantity of people who frequent this website is not very high at all. You should anticipate this from a tiny website that is just starting or a specialty website. However, a popular website ought to have a higher Alexa ranking. 

This website has been around for a good number of years now. Nonetheless, the length of time a website has been around is sadly not a guarantee. Scammers have been found to buy already established domain names in some instances so that they can begin their fraudulent activities there. Therefore, visiting a website before trusting them with your money is still an absolute must.

When looking for brokers to engage in trading activities with, the first and most crucial step you should always do is to learn about the certifications held by potential brokers (s). This will tell you whether they are controlled by a central authority or if SageFX is an offshore and/or unregulated entity. It will also tell you whether or not SageFX is an unregulated entity.

In the case that a broker is unregulated or is regulated by an institution that is located outside of your jurisdiction, you have very little to no legal remedies available to you if your funds are stolen. Complaints can only be filed against a broker in the event of theft if the regulator in your jurisdiction has issued that broker with a license. 

The following are some instances of regulatory authorities that give licenses to operate as a brokerage: this agency is known as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority is referred to as FCA (FCA) and this organization is known as the Australian Securities and Investments Commission (ASIC).

If the regulatory authority in your country does not provide a license to a broker, the broker is likely uncontrolled and you should avoid doing business with them. Even if the brokerage is regulated, it is still in your best interest to steer clear of it if the regulator is located in a different country.

Is SageFX a scam? The red flags exist as far as SageFX is concerned suggesting that it is a potential scam!

SageFX CFTC

Comparing SageFX Market To Well-Established Companies

When we look at market leaders such as Binance we better understand that they are in this position for a reason and the way they run their business makes everything that we have discussed SageFX a huge red flag.

Among the most prominent is that Binance does not have an unknown address and is actually a licensed company which means it can be trusted, unlike SageFX.

What Do Customers Have To Say About SageFX?

“They are robbers who locked my account and defrauded me of $15,000 without any justification; by the time I realized they were fraudsters, it was already too late.”- Johnna Jim

Sage FX is a fraudulent company and it uses people to get their money. Users online are very angry with this company and they have spoken about this to ensure that others are beware of this company.

Do you suspect that someone had scammed you?

If you have any suspicion of a scam or phishing attack, then you can rely on EZChargeback to help you with protection, mitigation, and fund recovery

You will feel safe knowing that experts with years of experience will be guiding you!

How to Get Your Money Back If You Were Scammed By SageFX

You have a number of options available to you for attempting to get your money back.

If you made your deposit using your credit card, you have the option of attempting to make a chargeback; however, you should be aware that you are only able to perform a chargeback for a limited amount of time. Contacting your bank or the company that issued your credit card might give you more information about the necessary procedures to take. 

Chargebacks are usually a significant loss for the broker because of the potential damage they might do to the broker’s relationship with the payment service. Collect as much evidence as you can; logs of messages, emails, and phone calls could be helpful in this regard.

If you detect any warning signs at any point in your trading journey you should immediately contact authorities or Ezy Chargeback and always be careful who you trust with your money.

EZChargeback only partners with the most trustworthy and capable scam recovery organizations.

Once you consult with us, we will be able to help you solve your problem and refer you to the top asset recovery firms that will get your money back!

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