In the FxGecko app, you can reference the top 100 forex brokers for your selection. If not in the top 100, pay special attention to the broker's primary white label relationships and risk alerts.

Recently, some investors asked if Sage FX (Sage Forex LLC) is safe.

Based on information from the FxGecko app, here are some risk signals associated with Sage FX:

Trading name: Sage FX

Company name: Sage Forex LLC

Rating: 1.48 (low rating, high risk)

Regulation and License: no valid forex or brokerage license. (High risk)

Risk Alert: 

1. Low Overall Rating: Sage FX has a rating of 1.48/10 on FxGecko, indicating average overall performance.

2. Unregulated: Despite claiming registration with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, no relevant regulatory information was found. Importantly, the FSA of Saint Vincent and the Grenadines does not regulate forex trading or brokerage activities, posing potential investment risks.

3. Affiliated Brokers: The main white label relationship shows that Sage FX has 21 affiliated brokers. You need to keep an eye on these affiliated brokers for anomalies or runs. This could be a potential business risk and past history of the broker, and could be one of the most important criteria for choosing a broker. Broker relationship data comes from MetaQuotes data.

In summary: Sage FX is high risk and insecure, it does not have a legal forex trading license and your money and personal information will not be safe if you trade with it.

Considering the aforementioned risk factors, investors should proceed with caution when selecting a forex broker, preferably choosing companies regulated by stringent authorities that offer transparent and stable trading platforms.

Stay away from low rated, unregulated forex brokers!

Before trading, check brokers in FxGecko app; if you encounter any problems, you can file a complaint for help.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.

Click here to recognize common investment trading scams to avoid being scammed.