Scam Broker Review SagaTrade

Want to Trade with SagaTrade? Read This First!

SagaTrade likes to give people the impression it’s a reliable broker, but in the end, it may just be another crypto scam. This broker has been flagged by the FCA or the Financial Conduct Authority of the UK and the FMA of New Zealand. This broker claims to be located in the United Kingdom, but if so, it would need a license from the FCA, which it clearly doesn’t. 

Is SagaTrade a Scam or Legitimate? 

SagaTrade is dishonest, which isn’t a good recommendation for a broker. It claims it offers MetaTrader, when it offers customers only a web-based platform that the broker can easily manipulate. SagaTrade demands a very high minimum, when in actually, you can open an account for 250 euros, which is still high. It also has a high leverage, which means it’s eager to get customers to trade on the margin and become indebted to them. This is a great way to rationalize not letting customers withdraw their money. 

We Found Problems with SagaTrade: 

  • No license
  • Flagged by FCA and FMA
  • Misleading statements
  • Negative reviews
  • No transparency. 

What You Should Do If You Have an Account with SagaTrade? 

You should close your account with BullGeko immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

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