Sagatrade Review | Is Sagatrade Scam or Legit?

Introduction –

With the latest technology being delivered at our fingertips in this era, we often take the internet for granted and choose to look over the scams on the internet. Do you want to avoid these scams? If yes, then read the Sagatrade review and find out what you should look for in a broker before opening an account with them.

Sagatrade Review -

Sagatrade claims itself as a UK-based broker, offering superior trading conditions to its investors. It offers its investors trading facilities that will hit your financial goals with convenience and without any fears. Sagatrade poses itself as a regulated broker but is not in actuality. The registration claims made by the company are considered false by many of the researchers. Also, it has been listed in the warning list of FCA as a Sagatrade scam, making it clear to investors to not indulge in any kind of investment.

The Sagatrade claims to offer MetaTrarde4 and MetaTrader5 as their trading platform. However, this is not true because the website is offering just some unproven web-based platform that does guarantees the ease and convenience of trading to the investors. It offers 7 trading accounts with a minimum deposit of $250. It also offers the users several trading bonuses with additional withdrawal conditions with some minimum trade volume requirements. Hence, making any attempt of withdrawal virtually impossible.

The payment options offered by the Sagatrade are credit/debit cards, bank wire transfers, and unspecified e-wallets. Several investors and users have registered complaints regarding the Sagatrade scam and advised others not to fall for this broker as it has gained a negative reputation. Several online platforms also suggest avoiding this broker because of its illegal trade practice and misinformation. The broker has zero credibility among its users and the users need to avoid trading with them. It makes it quite obvious that the broker won't let you earn a single penny and will end up scamming you with your funds. The investor should continue investments with the broker that is clear in its terms and conditions and is legally regulated by the concerned authority.

What all should you look for in a Legit Firm?

In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them.

Regulation is one of the most important checkpoints that one must look for while searching for a brokerage firm. If a company does not have a license, it means that the company is unauthorized. The minimum deposit is generally asked in very small amounts by legitimate brokers. However, the tradition of taking huge minimum deposits is extremely common in scam brokers. Due to legal firms’ direct involvement with the risk, leverages are offered in small amounts. If a firm offers higher leverage, it is a sign that it is a potential scam.

Conclusion of Sagatrade Review –

We request the readers to move forward with extreme caution. If you have been a victim of Sagatrade Scam or any other broker, do not feel embarrassed. File a complaint right now and get instant help from our team!

https://scamvictimshelp.com/sagatrade-review/