Read our Sagatrade review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a sagatrade.io review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Sagatrade is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Sagatrade in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Sagatrade Review Conclusions
Making the Sagatrade review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Sagatrade review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Sagatrade.io IS A SCAM!
THEY DO NOT LEAVE YOU ALONE AFTER MULTIPLE REQUESTS DO REMOVE ALL DETAILS. CALLING AFTER MIDNIGHT CONSTANTLY DAILY.
AVOID!!!!!!!
Sagatrade.io is a scam. They are forcing me to give them moneys for fees and taxes before releasing my funds. I said get whatever you want and give me the net or just give my capital. Still won’t budge. They are calling me almost everyday to fork some money out. But I got no trust with these people.
PLEASE STAY AWAY FROM SAGATRADE.IO
Please do not invest any money with these ‘brokers’, you will never see it again, they will act all supportive in the beginning, but as soon as you will want to withdraw money they will disappear, if you by chance get a hold of them they will shout at you, will want you to share your phone/PC screen as verification of your account (again, PLEASE don’t do this), then hang up out of the blue. It is not possible to call them back. I have reported them to police and ActionFraud already, as well to my bank, there seems to be investigations going on against them worldwide
Sagatrade.io is a big scammer. Please don’t give them your money and you won’t get back at all. They are calling me everyday to put deposit and first i am not trust them. Next day rang me again for deposit and said that trial for 7 days after 7days if not happy they said you can withdrawal your deposit. But that not happen at all. I was withdrawl since 21st of Dec 2021 still not refund me at all. Now my account is showing 5 euro only left. Please don’t trading with this scammer people.. they all lying people money online. All f*****g liver people working there.
Sagatrade took my money as described and now say it is stuck in blockchain . For 2 months? I think not. They are ruthless and don’t care about you at all.
Lost all my money.
I made 2 deposits.
I Couldn’t make withdrawals , and they convinced me to deposit more. I did in March and never got my money back.
Sagatrade is a fraud, run by professional scammers and theives without a heart. Cannot get my money back. Stay clear of them please.
https://www.justgiving.com/crowdfunding/servantofallah?utm_id=1&utm_term=mvaZPRQrj
Thanks for your support
They all say they worked for Barclay’s Bank for 10 years. If you question their trustworthiness they will tell you to look up trust pilot.com. where you can find a glowing review from themselves. Any review with a tail on the website ending sag is from them. They won’t leave you alone even if you have no money. I mess with them by putting on max ridiculous trades with the little money I have still available and they never close out despite being close to the edge. You can still earn money if you put on good trades but getting your money back will be near impossible, so I don’t bother much and figure my $350 investment is history. My suggestion is to f..k with them for as long as possible for entertainment and waste their time so they have less time to scam someone else.
Sagatrade promised that they gonna make money instead we do nothing and asked me put money on it.
First to open account EUR 213 on 30/09/2021
Second time EUR 890 on 25/11/2021
After that that disappeared..then next time another guy name was Andrew ask me to put more money so that it will be secure then I stopped. My sagatrade account still active but 0 profit.so noticed that there are hundred of frauds working with it and fishing to innocents people and rubbed them. So please we share the messages to all over the world for alert. And we try to close all the trade through these messages.
I was conned into investing 20,000.00 usd by emily ross, patrick, daniel and martin romero fake names i am sure. I am unable to withdraw and they want more money for taxes and broker fees they are theives do not invest i do not know what to do to get back my money
Sagatrade.io sent an email wanting more money for taxes and broker fees before they release my money i know its a scam please do not fall for their dirty tricks avoid at all cost
sagatrade is totally scamme haramis
sagatrade is totally scamme when they contact me from non UK number like start with +47 to keep asking to deposit money and will help me to trade but when I have send withdrawal request they have start pain and account manager call me and keep ask to connect my personal mobile device or desktop with any desk app to make sure source of my £190 which I have deposit to there account. when I ask question why you asking this I have never been ask to verify my withdrawal request by any online trading company then he be come rude and very unprofessional and hang up the my phone call.
this company been registered in UK but the number they given for contact no one answering.
again today 30/12 Andrew call and want me deposit £2000 pound to take off my £190 when i say going to report you and call been recorded they turn of the phone harami scammers. update (23/02/202) they keep calling and threading me and rude keep asking to connect any desk and check my binance account.
Sagatrade is a SCAM
Beware of Sagatrade. It is a scam. Once they have your money, you lose it. That happened to me. What do they do?
– They invest it for you in a trade robot.
– Then you make some profit
– Then they try to get you to deposit more money
– They call you day and night with numbers all over the world, very annoying
And then what? When you want to withdraw your money, you find out that it is a scam. You will never be able to withdraw your money. They make you believe all sorts of things:
– The money is lost because the market is not good (while there is still a lot in your account)
– The wallet address is not good
– Would you really stop because there is suddenly a lot of profit? And then suddenly a stranger has opened a position in your account
And so it goes on and on. Personally, I have been trying for 4 months to “just” withdraw my money but it does not work and believe me, I have called and emailed a lot.
Invest your money via a reliable source and not Sagatrade!
Pierre from the Netherlands
SCAM SCAM SCAM DO NOT HAVE ANYTHING TO DO WITH THE COMPANY CAROT DANGLING ON A STRING NEVER SEE ANY PROFITS SCAMMERS PATRICK LEE STEVE BANN MARCUS AND SONIA ALL SCAMMERS DO NOT TOUCH
Saga trade, has totally gone dead, no contact no email no telephone number, can one file a fraud =complaint with the police?
Sagatrade.io is a scam, cannot withdraw my capital back. Told them to stop operating on my account as I tried every possible way to take my capital back. They call relentlessly till midnight to make me pay more fees and taxes, login into my laptop or iPhone – which I told them is both illegal an unethical to make such request. Already reported them to Australian Authorities and hoping to get my capital back. DO NOT fall for any of their requests for additional funds, as they will rip you off more money than already struggling to get out. Do yourselves a favour and stay out of Sagatrade, which by the way as at today has disappeared from google search…
Sagatrade.io a true definition of SCAM! Their days are numbered because one day they gonna be stopped and they wont like it.
They convince you to make reverse payments in order to make a withdrawal.
They literally have full control over your money .
They will burn in hell
Sagatrade with persons calling themselved David Sparks and Peter Lucas, led me into a dcamand worse. He had me on AnyDesk and wanted me to send money from my husband’s account to him. I would not. Little did I know that I had saved my passoword on the account and later he went in and took out 10K form my husband’s line of credit. I did not realize it when it was being done. Now he is claiming that he did not. I feel so stupid for trusting this man. He looked as if he knew what he was doing. Also saying that he wa trying to get funds back to my wallet- Newton, but nothing so far. I sure have been scammed and now have more than 20K to pay bak no because of this. I really trusted him. I guess I am gullible and think that people are like me.