Online brokerage firms are a big help when you’re still a beginner in the trading industry. They offer you specific trading plans, platforms, assets. Frankly, they suggest you a whole package for a perfect trading experience. However, some of them are honest, and some are frauds. Our honest broker reviews help you distinguish them and choose the right one.
Therefore, today, we would like to introduce you to another prestigious brokerage company SagaTrade. Our detailed SagaTrade broker review will evaluate their services and features, so read on to learn more.
SagaTrade is a CFD and foreign exchange broker that appeared on the market a while ago. The company is headquartered in London, England. The address is 115 Bishopsgate London EC2M 3UE.
SagaTrade is committed to providing any trader with a safe, reliable, and efficient online trading experience. They claim to provide excellent services and recommend the most advanced technology and tools. The assets are also quite satisfactory. The SagaTrade website is 100% transparent, as they publicly share all commissions, withdrawals, payment methods, and open trading conditions. In addition, a comprehensive selection of training materials can help beginners learn all the essential elements.
We noticed that customer safety is the company’s top priority.
SagaTrade.io also presents several security measures to ensure the safety of traders.
256-bit encryption, proper business registration, and account isolation let SagaTrade be blindly trusted.
SagaTrade only uses the most trusted and audited banks to ensure the safety of your funds. In addition, the bank account provided is separate from the company-owned account. They will also monitor your account 24/7 to see if there is any suspicious activity.
Overall, SagaTrade provides highly secure trading conditions for every client.
SagaTrade has introduced many trading platforms in its services. They also created an advanced, well-designed online platform.
It is equipped with up-to-date technology and the most advanced trading tools to achieve fast execution and real-time results.
In addition, you can also use MT4 and MT5 trading platforms generally considered the best solutions on the market. They are the favorites of companies around the world and can provide a powerful experience for everyone.
In addition, SagaTrade has introduced mobile trading applications for iOS and Android in its services, which can be used for outbound transactions. Mobile trading gives the traders the freedom to trade anywhere, anytime.
We believe that SagaTrade is very suitable for traders because they provide customers with access to many of the world’s major financial markets. To diversify your investment portfolio, you can freely trade foreign exchange, CFDs, and cryptocurrencies on this platform.
Overall, SagaTrade covers Forex, CFDs, indices, stocks, commodities, and cryptocurrency markets for trading.
While trading in the Forex market, you get access to many different types of currency pairs. SagaTrade allows you to trade major and minor currency pairs. Significant currencies are known for their excellent liquidity but are very stable. On the other hand, small is conducive to large transactions and huge profits.
In addition, all major cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, etc., can be used. CFD options are also very diverse.
Therefore, you have a lot of chances to diversify your portfolio.
Now, let us discuss which trading accounts SagaTrade offers. As the website says, you can register seven types of trading accounts, excluding Islamic accounts: Bronze, Silver, Gold, Platinum, Diamond, Premium, and VIP.
Although the account price is much higher than average, their impressive service makes them worth it. Let’s explore them in-depth:
BRONZE account:
SILVER Account:
GOLD Account:
PLATINUM account:
DIAMOND account:
PREMIUM Account:
VIP account:
ISLAMIC account:
Providing a wide selection of payment methods is another necessary condition for brokers. It does not matter how good your proposed trading conditions are. If the customer cannot deposit or withdraw using the preferred method, the company will not own the customer. So let’s explore how SagaTrade performed here.
According to the website, the accepted deposit methods are credit cards, debit cards, bank wire transfers, and Internet payment transfers. The choices are not so extensive, but they still cover the most well-known and widely used trading methods, which means that customers are unlikely to encounter any problems when conducting transactions.
The withdrawal method is the same. The time required for traders to withdraw or deposit funds depends on the method they choose. When a trader deposits via a credit or debit card, the transfer is almost instantaneous. The speed of internet payment transfers is also similar. However, when a trader transfers money via bank wire transfer, it may take up to 5 business days.
Besides, SagaTrade does not charge its clients any fee on their first deposit of the month. They also don’t charge traders anything on their first withdrawal of the month. However, traders should keep in mind that some of the fees might still appear from their bank’s side.
The trading platform provided by SagaTrade comes with various additional tools. These trading tools can improve the accuracy of your market forecasts and ensure more successful transactions.
Therefore, in cooperation with SagaTrade.com, you are free to use economic calendars, risk management, alerts, traders’ guides, news and market insights, market analysis videos, and real-time charting tools to improve your market analysis skills.
Educational Resources
Providing decent educational materials for your traders is a significant advantage for the brokerage company, and SagaTrade seems to take this part seriously.
The SagaTrade broker ensures that its clients have sufficient trading information to trade successfully. It even offers one-to-one trading courses with private expert trainers, which is a dream come true for beginner investors.
Therefore, many free videos, e-books, seminars, and webinars are provided on the platform, covering all the basic knowledge you may need to master before joining the online trading industry.
If you want to qualify as a good brokerage firm, you should provide your clients with high—level customer support service. Weak customer service can severely affect your reputation as the traders usually love to express negative reviews regarding the companies.
Thus, let’s see how SagaTrade prepared for it.
SagaTrade introduced top-notch support alternatives for customers, including 24/7 online chat. Also, if you need some instant assistance, you can simply request a call-back by filling out the online contact form on the website.
In addition to these choices, its website also introduces a frequently asked questions area where you can get answers to frequently asked questions.
Also, don’t forget the series of educational materials for individuals who need advice: One-to-one transactions are the perfect choice to ask any questions you are interested in.
The exact contact details are listed below:
Address: 115 Bishopsgate, London EC2M 3UE
Phone line: +44 2039877591; +44 2039877626
Email address: support@sagatrade.io
Finally, we are pleased with the trading conditions provided by the SagaTrade broker. From all parts of their website, you can see their dedication. They strive to create a safe and well-informed environment for traders.
Overall, we think SagaTrade.io is an excellent place for traders with any level of experience. If you are just getting involved in the trading industry, then you have found the right place.
Educational materials, supporting trading tools, and a smooth trading platform can help you solve any problems. In addition, the attentive and dedicated customer support team is always at your service.
We hope that our in-depth SagaTrade reviews will help you make the right choice and simplify your online trading path.
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