Scam Helpers advise investors not to invest in Saga Trade, as it is suspected to be a potential scam broker. Read a complete Saga Trade review, and you’ll see that not all things are as good as they appear. We’re going to expose a scammer.
Website: http://www.sagatrade.io/
Address: 115 Bishopsgate London EC2M 3UE
Warning: Financial Markets Authority (New Zealand)
Looking for a reliable and trusted online trading platform? It is our first concern to make you aware of the brokers you should stay away from. We have done profound exploration, looked at various brokers and trading conditions, and prepared a comprehensive list of scam brokers 2022 to aid your decision-making.
We include the name of Saga Trade here because it is not a legit broker. For fledgling brokers or clueless clients, Saga Trade will appear as a genuine investment opportunity for unsuspecting users and novice traders.
Considering this broker as genuine is not a big deal, essentially because of its visuals, and somewhat because of the multitude of commitments it makes. In any case, we are here to expose this broker and share with you the reason for presenting this Saga Trade review.
Reasons for keeping Saga Trade in the list of Scam Brokers
After taking a look at their website, we found numerous warnings that should be enough for you not to invest in them. Some of them are given below:
Saga Trade Review: Regulation
Being an unregulated firm is the worst thing, and it makes you an exploitative cheat. Sagatrade.io is a scam, and your money is at risk.
By investing your money in an unregulated and unlicensed broker, you are indirectly putting your funds in danger. For that reason, we ask our readers to invest with brokers who have licenses from authorities like FCA, ASIC, FMA, etc. Authorized brokers are covered by many prerequisites, and a large number of them apply anti-fraud practices. As such, they are the specific inverse of what these brokers and others like them represent.
Saga Trade Review: Withdrawal
If you have already invested your money with Sagatrade.io, you should immediately ask for a withdrawal as your money is not safe with an unregulated broker.
With Saga Trade, if you ask for a withdrawal, they will postpone the process by giving some reasons for a long time so you can find no alternative to file a complaint.
SagaTrade.io Login Issues
We’d like to draw attention to SagaTrade login problems as one of the initial scam indicators. When customers request a payout, certain brokers, like SagaTrade, ban their access to their trading accounts.
As no regulation can guarantee that customers receive their money, the corporation doesn’t want to let any withdrawals, therefore the broker is able to perform any action.
SagaTrade.io Login Issues
We’d like to draw attention to SagaTrade login problems as one of the initial scam indicators. When customers request a payout, certain brokers, like SagaTrade, ban their access to their trading accounts.
As no regulation can guarantee that customers receive their money, the corporation doesn’t want to let any withdrawals, therefore the broker is able to perform any action.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is Saga Trade Legit: Final Thoughts
It is clear from the Saga Trade review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from Saga Trade and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.
Also, if you are a victim of the Saga Trade scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
We hope this Saga Trade review helped you.
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