Do You Want to Know If SagaTrade Is Legitimate or a Scam Broker?
SagaTrade may talk a big game about how much money you can make on their platform. However, you won’t walk away with anything. In fact, you are likely to lose the principal. SagaTrade has been flagged by a dizzying array of global financial regulators, Including the FCA, FMA, CONSOB, CNMV, and FSMA. No broker that has this much negative attention from regulators can be a legitimate operation. SagaTrade has no license and has plenty of negative firsthand accounts from customers.
There Are Some Problems with SagaTrade
We’ve read some pretty outrageous things about SagaTade. One customer said that they convinced them to install software that allowed them access to their computer. They also maintained absolute control over the client’s account and wouldn’t let them withdraw. They also demand a high minimum deposit, over five times the average. This is a sign they really want to steal money and not provide any trading services.
Red Flags that SagaTrading Could Be a Scam Broker
- No License
- Flagged by FCA, FMA, CONSOB, CNMV, and FSMA
- High minimum deposit
- Aggressive and invasive practices
- Denies withdrawals
- Bad reviews
If You Need Fund Recovery from SagaTrading, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker, close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.
