Warning regarding the company “Sagemaster”

The Commission de Surveillance du Secteur Financier (CSSF) warns the public about the activities of a company presenting itself under the name “Sagemaster” (www.sagemaster.io) on social media, which offers subscriptions to various trading training programmes based on artificial intelligence, as well as tools that are promoted as helping users to invest in financial markets, particularly in the field of forex trading and derivatives, also known as CFDs.

The company specifically targets a young audience, notably through promotional campaigns on social media, by promising the possibility of earning money easily and quickly using AI-based solutions.

The CSSF has been informed that certain young individuals in Luxembourg are actively promoting these services within the country to recruit new members. In this context, these individuals claim that Sagemaster is authorised or supervised by the CSSF to provide such services in or from Luxembourg. The CSSF emphasises that these claims are false, as Sagemaster is not supervised by the CSSF and therefore cannot legally provide these services.

The CSSF would also like to remind the public that trading in forex products and contracts for difference involves high risks, and that most retail investors are likely to lose all of the money they invest.