In the past few days many brokers including SageFX, Envi FX, KOT4X and Nash Markets have suspended all trading, stating traders will no longer have access to the TradeLocker platform. This has left thousands of traders scrambling to close their positions and withdraw their funds.
We’re not too sure the reasons behind the sudden moves by these brokers but read on to find out which firms are affected and our recommendations for alternatives.
- SageFX Suspends Trade and Required Withdrawals Completed by 29th September
- KOT4X – Access to Tradelocker Suspended on 1st October
- Envi FX – Backend Currently Disabled
- Nash Markets – Withdraw Funds by 29th September
- What Happens Next and What Alternative Brokers Can I Use?
- Best Alternative to SageFX, Nash Markets and Others that Offers TradeLocker
SageFX Suspends Trade and Required Withdrawals Completed by 29th September
First on the chopping block is SageFX who have put out a statement advising all traders to 29th September. Here is their statement in full:
Dear Trader,
Please be informed of the following changes to the availability of this User Portal and the TradeLocker Trading Platform in connection with your broker:
Key Dates and Actions Required:
- 19 September, 2025 – No new positions may be opened. Trading will be limited to closing existing positions only.
- 29 September, 2025 at 15:00 UTC/11:00 Eastern/17:00 Central European Time – Any remaining open positions will be closed, any open orders will be terminated, and deposit functionality will be removed. At this point, all trading-related services will be terminated.
Required Actions:
Please review, manage, and close all open positions prior to 29 September 2025 at the above time. Please withdraw all funds from your account prior to 29 September 2025.
Failure to act could delay your ability to access your funds or manage your account.
Please contact our Support Team should you have any questions or require further assistance.
KOT4X – Access to Tradelocker Suspended on 1st October
KOT4X has begun to wind down traders positions, with no new positions permitted from 21st September. They require all traders to be flat and funds withdrawn by 1st October 2025. Here is their official statement:
Dear Trader,
Please be informed of the following changes to the availability of this User Portal and the TradeLocker Trading Platform in connection with your broker:
Key Dates and Actions Required:
- 21 September, 2025 – No new positions may be opened. Trading will be limited to closing existing positions only.
- 1 October, 2025 at 14:00 UTC/10:00 Eastern/16:00 Central European Time – Any remaining open positions will be closed, any open orders will be terminated, and deposit functionality will be removed. At this point, all trading-related services will be terminated.
Required Actions:
- Please review, manage, and close all open positions prior to 1 October, 2025 at the above time.
- Please withdraw all funds from your account prior to 1 October, 2025.
Failure to act could delay your ability to access your funds or manage your account.
Please contact our Support Team should you have any questions or require further assistance.
Envi FX – Backend Currently Disabled
There’s less information coming in from Envi FX, it looks like they are planning some kind of transition. It also appears traders do not have direct access to their funds. They seem to be contacting traders directly via email, so if you are affected be sure to keep an eye out for an email from Envi FX. Here is their official statement:
Urgent Update
🌟 Hang in There! Bright Skies Ahead! 🌟
We’re making some exciting technology updates to improve your experience! 🚀 While we put the finishing touches on these enhancements, your back-office is temporarily unavailable.
✨ The good news? Your funds are safe, secure, and right where they should be! ✨
We appreciate your patience and can’t wait to unveil a smoother, smarter, and even better experience for you soon!
Thanks for being part of our journey — big things are coming! 🚀💫
Please check your email for more details.
Nash Markets – Withdraw Funds by 29th September
Similar to SageFX, Nash Markets have put out a statement requiring traders to wind down their positions and withdraw funds by 29th September. Here it is in full:
Dear Trader,
Please be informed of the following changes to the availability of this User Portal and the TradeLocker Trading Platform in connection with your broker:
Key Dates and Actions Required:
- 19 September, 2025 – No new positions may be opened. Trading will be limited to closing existing positions only.
- 29 September, 2025 at 15:00 UTC/11:00 Eastern/17:00 Central European Time – Any remaining open positions will be closed, any open orders will be terminated, and deposit functionality will be removed. At this point, all trading-related services will be terminated.
Required Actions: – Please review, manage, and close all open positions prior to 29 September 2025 at the above time. – Please withdraw all funds from your account prior to 29 September 2025.
Failure to act could delay your ability to access your funds or manage your account.
Please contact our Support Team should you have any questions or require further assistance.
What Happens Next and What Alternative Brokers Can I Use?
Whilst there are many, many brokers in the space, these specific brokers were popular due to their high leverage and slightly looser regulations, allowing access to traders from countries where traditional brokerages are restricted.
It appears these brokers now will either have to find alternative tech and platform licences or close down completely. We have an alternative though.
Best Alternative to SageFX, Nash Markets and Others that Offers TradeLocker
Our top alternative for traders looking for a similar brokerage is Gates FX. This broker is accessible worldwide and features similar trading conditions to the other brokers on the list. For example:
- Access to Tradelocker platform
- High leverage, up to 1:1000
- 100% Deposit bonus (120% with our link)
- Range of account options
It has been confirmed by TradeLocker that this firm can continue to use their platform.
You can sign up to GatesFX and take advantage of an enhanced deposit bonus using our link/button below. This is added automatically upon opening a live account (only applies to the deposit bonus account).
