SabioTrade Review

SabioTrade Ratings at a Glance

SabioTrade Product Offering

SabioTrader offers undercapitalized but experienced traders an opportunity to showcase their trading expertise and access funding via its single-phase evaluation model. The rules are straightforward and flexible, ensuring traders can generate consistent profits while managing risk effectively. Here’s a breakdown of its product offerings. 

Tradable Instruments 

SabioTrade grants traders access to about 250 tradable assets or instruments, providing diverse traders a streamlined pathway to get funding and trade the financial market. Traders can access up to 182 stocks encompassing major global companies in various categories, 31 forex pairs from majors like EUR/USD to exotic pairs like EUR/ZAR,  3 commodities (gold, Brent and WTI crude oil) and 22 ETFs including the S&P 500. The prop firm offers 12 indexes representing key benchmarks for American, Australian, European and Asian stock market performance. 

Account Packages

SabioTrade offers four trading packages that differ by account balance, profit payout and one-time fee. The evaluation rules are the same across the packages. The Standard package is perfect if you're a beginner trader with little or no capital. It has a low one-time fee of $50 for an account size of $10,000, and you can expect a profit payout of 70%. 

The Premium is the most popular package on the platform, featuring a competitive one-time fee of $289 for a $50,000 account balance and an 80% profit payout. The Gold also offers an 80% payout ratio but doubles the account balance to $100,000 and is available for a $479 fee. The Platinum plan, with a $200,000 account balance and a $939 one-time fee, offers experienced traders the chance to test their skills and earn a substantial payout of 90%. It is an ideal choice for traders who are confident in their expertise and risk management strategies and seek to enhance their liquidity and long-term profitability.

Suppose you're not confident in your trading expertise, or you want to test your skills and the platform without committing to a funded account immediately. In that case, you can sign up for the free 7-day demo access or trial account. The account is loaded with $10,000 virtual coins and replicates the full functionality of the live account. This trial period offers you ample time to assess your trading skills, experiment with strategies and attempt to achieve a 10% profit without violating rules, all while becoming familiar with the platform's interface.

Trading Rules

To be eligible for funding on any of these packages, you must achieve a 10% profit target while adhering to the drawdown rules — the daily loss limit and maximum trailing drawdown. The daily loss limit (your highest allowable loss in a given day) is 3% of your starting balances. Your starting balance for any trading day is your previous day's end-of-day (5 p.m. EST) balance. So, if your starting balance on a given trading day is $10,000, your daily loss limit is $300 (3% of $10,000). You would breach the daily loss limit if your loss exceeds $300 or your equity for that day falls to $9,700.

The maximum trailing drawdown is 6% of your starting balance and represents your highest overall loss during the evaluation. This 6% trails your closed trading balance until you achieve 6% profits in your trading account. Once you've hit the 6% profit threshold, the max trailing locks in at your initial starting balance and stops trailing your account. For instance, suppose your starting equity at the beginning of the evaluation is $10,000; you'll violate the maximum trailing drawdown when it drops to $9,400, or you exceed $600 in losses (6% of $10,000).

As your account balance increases, the maximum trailing drawdown remains at $600 until you reach 6% in profits, at which point the maximum trailing drawdown locks at your starting balance. So if your account balance goes above your starting balance, say to $10,200, your maximum trailing drawdown remains $600. It only changes when your account balance drops back to your starting balance or lower. Remember, you can still violate the daily loss limit. These drawdown rules are hard breach rules; break them, and you'll fail the evaluation or have your funded account taken away.

Failure to place at least one trade in 30 days (account inactivity) also constitutes a hard breach, and you'll lose access to the account. SabioTrade mandates all open positions to be closed by 3:45 p.m. EST on Friday. Your trade will be automatically closed if left open after the stipulated time. However, you'll continue to trade once the market reopens, as this only constitutes a soft breach. In essence, you can engage in day trading (intraday trading) and swing trading by keeping positions open for several days. However, you cannot maintain positions over the weekend.

Trading Platform 

SabioTrade boasts a robust proprietary trading platform powered by Quadcode, a renowned trading software developer. Quadcode technology is famous for its usability and modern design. In contrast to the traditional MT4 and MT5, the platform blends simplicity with a lightweight and user-friendly interface without compromising functionality. By integrating its trading platform directly into the dashboard, SabioTrade creates a unified ecosystem that eliminates the necessity for traders to switch to third-party platforms. The platform features an impressive collection of advanced trading tools, including over 100 built-in indicators, widgets and alerts, assisting traders to conduct in-depth market analysis and make informed trading decisions. 

As a trader, the platform puts everything at your fingertips. For instance, from the SabioDashboard, you can monitor your evaluation progress, profit targets, daily loss and maximum loss limits, current balance or equity, payouts and other statistics while executing trade in SabioTraderoom, all within a single platform. The Profit Share section provides comprehensive information about your account, encompassing payout history and account balances. However, there's no mobile app, and you can only access the platform via a web browser.

Extral Trading Tools

SabioTrade offers 100+ technical indicators that traders can directly apply to their chart to analyze volatility, momentum, volume and trend direction. Additionally, you'll find helpful widgets available, including high and low values and volume. Traders enjoy complimentary access to a Telegram channel offering trading ideas, up-to-date news and valuable trading insights from a professional financial analyst. These tools assist traders in staying informed about the latest market developments. A financial calendar is also available, providing traders with crucial information about economic events, releases and announcements that can impact the financial markets.

Educational Resources 

SabioTrade places a strong emphasis on trader education, offering an extensive learning experience through courses taught by professional traders, webinars and exclusive video content. The available educational materials cover diverse topics, including technical and fundamental analysis, risk management and trading psychology. Upon registration, you can access these resources for free on the SabioDashboard. SabioTrade's commitment to learning makes sense since a win for the trader is a win for the company. In addition, all traders are granted access to an exclusive Discord community where they can interact and share trading insights and knowledge with hundreds of fellow traders. 

SabioTrade provides round-the-clock and instant customer support via Live Chat accessible right from the platform. Its multilingual support team is committed to helping you with any questions, issues or guidance you may require. For less urgent inquiries or matters requiring detailed explanations, you can contact the customer support team via email. There's a comprehensive FAQ section with detailed information accessible on the SabioDashboard and at the bottom of its official website. 

The implication is that you can quickly get answers to your questions without hassle or contacting customer support. You can connect with the team and its trading community via Discord, Telegram, Instagram and Facebook, where the company maintains active engagement. SabioTrade has a rating of 4.3/5, 4.5/5 and 4.6/5 on Trustpilot, Sitejabber and Reviews.io, respectively. Comments were overwhelmingly positive, with traders praising its simple single-phase evaluation, affordability and efficient customer support.

SabioTrade highly prioritizes the security of user's funds and personal data. The client's funds are held in segregated accounts separate from the company's funds. That is, the company doesn't have access to your deposited funds. To protect client's accounts and personally identifiable information, SabioTrade employs advanced encryption and security protocols. The company does not sell or share client data with third parties unless given consent or legally mandated. 

You can review SabioTrade's Privacy Policies for a constructive overview of how the company uses and protects your data. Overall, while SabioTrade isn't licensed by any reputable regulatory body, it takes adequate and satisfactory measures to protect clients' funds and data. Customer reviews across independent platforms are positive and indicate zero hints of scams or fraud. The company is also a proud sponsor of young athletes at world-famous events, such as tennis players like Jasmine Paolini, Jonny O'Mara and Juan Manuel Cerúndolo at the 2023 Wimbledon finals.

SabioTrade provides a transparent and affordable fee structure across its account packages and assets. At $50, the Standard package is possibly the lowest one-time fee in the industry. The Premium and Gold packages are competitively priced at $289 and $479, respectively, while the Platinum offers value for money at $939. The leverage varies among the tradable instruments but is also competitive across the board. It is 30:1 forex pairs, 20:1 for stocks, 20:1 for ETFs, 25:1 for commodities and 100:1 for indices. While SabioTrade aims to take your trading power to the highest level with these leverages, you must understand that higher leverages equal higher risk. 

The primary trading fee is the spread, and SabioTrade offers a tight spread that is floating, meaning they fluctuate throughout the day. Forex spreads start from 1.3, but major pairs like EUR/USD can go as low as 1:2. Stock spreads differ across specific asset categories, starting at near zero, with 0.003 being the lowest. Commodities, indices and ETFs have spreads starting from 0.04, 0.66 and 0.01, respectively. The trading size ranges from 0.01 to 1 across all markets. There are no inactivity fees, currency conversion fees, deposits and withdrawal fees. The minimum deposit is $50, which is basically the one-time fee for the Standard assessment account.

In prop trading, you don't make deposits like traditional trading; instead, you pay a one-time fee for the assessment account. Withdrawals are processed instantly, with the minimum withdrawal being $1. SabioTrade doesn't impose payout limits nor mandate a minimum trading day before payout. You can request cash out anytime after earning profits, and it'll be processed instantly. The available deposit and withdrawal options are Visa and Mastercard. 

SabioTrade provides a user-friendly and comprehensive trading environment with multiple account options, catering to undercapitalized beginners and experienced traders. The company's single-phase evaluation model allows traders to showcase their skills and access funding. The evaluation rules are simple and flexible, focusing on reasonable risk management strategies and consistent profitability. The in-house trading platform offers an integrated ecosystem that eliminates the need for third-party platforms.  

Traders can access educational materials, trading signals via the Telegram channel and other vital tools for market insights and fast decision making. SabioTrade provides a 7-day free demo access, ensuring traders can test their skills and get comfortable with the interface. The firm's customer support team is dedicated to assisting traders, and SabioTrade prioritizes data security and privacy. The registration is hassle-free; within minutes of application, you'll receive credentials for SabioDashboard and SabioTraderoom, where you can apply your trading strategies and execute trades utilizing its arsenal of trading tools for informed decision-making.

The SabioDashboard is regularly updated, showcasing your evaluation progress, future payouts and links to educational materials. Upon completing the assessment and providing your KYC documents, your account will get funded within 24 to 48 hours. Benzinga considers SabioTrade highly recommendable. 

SabioTrade vs. Competitors

SabioTrade has many competitors, including Top Tier Trader, FTMO and FundedNext. These prop firms make it easier for undercapitalized prop traders to access funds, allowing them to trade various markets, including forex. However, SabioTrade beat these firms in several ways. Besides its straightforward single-phase evaluation, it offers some of the lowest one-time fees. Additionally, SabioTrade boasts a proprietary dashboard-integrated trading platform that streamlines trading analysis, strategies optimization and trade execution in a single platform.

SabioTrade doesn't set payout limits; you can create cash-out requests immediately upon earning profits, and there are no minimum trading days. Moreover, the platform offers an impressive payout of up to 90%, competitive leverage of about 30:1, a tight spread and comprehensive educational resources. There are no additional fees, which makes it very affordable. 

Despite being relatively new, SabioTrade has already made a notable impact among most prop traders and seems poised to garner more followers. Its success is from its comprehensive offering, including a diverse set of assets, a robust proprietary trading platform with a user-friendly interface and excellent educational resources. If you're a beginner, you'll find its educational resources valuable, as this will streamline your learning curve. 

The firm's tight spread and low entry barriers also mean you won't be exposed to significant risks. You can use the demo account to gain valuable insight into the platform and develop your strategies before going live. Experienced traders can also take advantage of the unique opportunity it offers to secure funding and retain up to 90% of the profits they generate. From all indications, SabioTrade is an impressive prop firm that's taking all the right approaches to satisfy the needs of its clients. 

Frequently Asked Questions