SabioTrade
8.3

SabioTrade

SabioTrade, a dynamic prop trading firm, offers a unique blend of trading opportunities, educational resources, and innovative platforms for both novice and experienced traders.

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In this in-depth review, we explore SabioTrade, a prop trading firm that stands out with its accessible trading platforms, educational resources, and tailored trading plans for traders of all levels.

In this in-depth review, we explore SabioTrade, a prop trading firm that stands out with its accessible trading platforms, educational resources, and tailored trading plans for traders of all levels.

Pros
  • Accessible QuadCode-Powered Platform.
  • Flexible Trading During News Events.
  • Extensive Range of Educational Materials.
  • Quick and Efficient Assessment Process.
  • Affordable and Diverse Trading Plans.
Cons
  • Limited Overall Fund Availability.
  • No Weekend Position Holding.
  • Restrictive Drawdown Rules.
  • Limited Withdrawal Options.
  • Stringent Trading Frequency Requirements.

Exploring SabioTrade: A Gateway for Funded Trading

SabioTrade emerges as a distinctive trading entity, focusing on funded trading opportunities. It operates by pooling skilled traders who possess the expertise in prop trading but are constrained by limited capital. This collaboration proves advantageous for both parties involved. The traders are empowered to operate with the firm’s capital, enabling them to achieve profits that would be unattainable with their personal funds. Concurrently, SabioTrade benefits by engaging these proficient funded traders, who contribute to the firm’s profitability.

Understanding the SabioTrade Mechanism

Engaging with SabioTrade begins with an initial phase where aspirants are provided with a SabioTrade assessment account. This stage involves a testing period, where candidates demonstrate their trading aptitude to qualify as full-fledged members of the prop firm. Applicants swiftly receive login details for SabioTraderoom and SabioDashboard within minutes of application. SabioTraderoom serves as a dynamic platform for executing trades, deploying strategies, and leveraging over 100 in-built indicators, widgets, and alerts. It also provides a comprehensive view of one’s trading history.

The SabioDashboard, refreshing every 60 seconds, offers insights into the assessment’s progression, facilitates access to potential payouts, links to the trading platform, and provides educational resources. Upon successfully clearing the assessment and submitting KYC documentation, users are granted access to a SabioTrade funded account typically within 24 to 48 hours. Notably, SabioTrade distinguishes itself by not levying any commissions, permitting trading during news events, and defining trading hours through the QuadCode trading platform.

SabioTrade’s Diverse Trading Plans

SabioTrade, the London-based company, presents four distinct trading plans, each varying in profit payout, account balance, and a singular fee structure. Each plan offers leverage up to 30:1 for forex and 100:1 for indices, a 10% profit target, a daily loss limit of 3%, and a maximum trailing drawdown of 6%.

SabioTrade SabioTrade Pricing Plans

  • Standard Plan: Features a 70% profit payout, a $10,000 account balance, and a nominal one-time fee of $50.
  • Premium Plan: SabioTrade’s most sought-after plan, offering an 80% profit payout, a substantial $50,000 account balance, and a one-time fee of $289.
  • Gold Plan: This option also promises an 80% profit share but increases the account balance to $100,000, available for a $479 fee.
  • Platinum Plan: Designed for the most ambitious traders, it provides a 90% profit payout, a $200,000 account balance, and a one-time fee of $939.

Regardless of the chosen plan, traders gain access to live weekly webinars, exclusive video training segmented by topics, and comprehensive educational courses conducted by veteran traders, laying down the fundamentals of trading.

Experience SabioTrade with a Complimentary Trial

For burgeoning traders eager to step into the trading arena, SabioTrade extends an inviting 7-day free trial, encompassing all the features of the platform. This trial presents an excellent opportunity for users to familiarize themselves with SabioTrade’s environment.

SabioTrade SabioTrade Free Trial
During this trial period, participants are endowed with a $10,000 starting balance, enabling them to test their trading skills under identical conditions experienced by subscribed members. This trial serves as an ideal gateway for newcomers to assess the platform’s capabilities and their own trading strategies before committing to a paid plan.

Key Trading Rules at SabioTrade

Subscribers at SabioTrade must adhere to four critical rules while trading, each designed to maintain a structured and disciplined trading environment.

  • 3% Daily Loss Limit: SabioTrade’s daily loss limit is pegged at 3% of the previous day’s end-of-day balance. Trading concludes at 5 PM, and breaching this limit is considered a significant violation of the firm’s policies.
  • 6% Maximum Trailing Drawdown: This rule, also a major violation if breached, is based on 6% of the starting balance. The trailing drawdown percentage follows the trader’s closed balance until a 6% profit is achieved. Thereafter, it locks in at the starting balance, ceasing to trail the account.
  • Flatten on Fridays: Traders are required to close all positions by 3:45 PM EST on Fridays. While SabioTrade permits holding positions across several weekdays, weekend holding is prohibited. Violation of this rule results in a soft breach.
  • Minimum Trading Frequency: To avoid account deletion, a hard breach, traders must execute at least one trade every 30 days.

In the event of a soft breach, SabioTrade will close the offending trade, allowing the trader to continue with other trades. However, a hard breach leads to account deletion. It’s important to note that even in the case of a hard breach, traders retain access to any profits accrued prior to the breach.

SabioTrade’s Payment Methods and Withdrawal Process

As of the latest update on this review, SabioTrade offers a streamlined withdrawal process, allowing traders to transfer funds directly to their bank accounts. Upon initiating a withdrawal request, the firm temporarily freezes the live account, with funds typically transferred within 24 hours. It is essential to note that requesting a withdrawal results in the maximum trailing drawdown being set to the trader’s initial starting balance, a critical aspect to consider for ongoing trading strategies.

Security and Privacy Measures at SabioTrade

SabioTrade prioritizes the security and privacy of its users, employing industry-standard encryption techniques to protect personal information. The data collected by SabioTrade includes essential details such as name, date of birth, email address, phone number, mailing address, and account credentials, ensuring minimal personal information is required while maintaining a secure trading environment.

SabioTrade’s Customer Support and Public Perception

SabioTrade, recognized for its proficient trading platform, boasts a notable 4.2 approval rating on Trustpilot. This high rating is attributed to the firm’s trading flexibility, cost-effectiveness, substantial fund allocations, and the expedited nature of its assessment process.

SabioTrade SabioTrade Customer Support and Reviews
When it comes to customer support, SabioTrade offers multiple channels for assistance. Members and prospective clients can reach out to the support team via email at support@sabiotrade.com. Additionally, SabioTrade maintains an active presence on social platforms, including Discord and Instagram, facilitating community engagement and support. For immediate assistance, users can also utilize the live chat feature directly within the traderoom, ensuring prompt responses to inquiries and support needs.

Final Thoughts on SabioTrade

In a comparative analysis with other proprietary trading firms, SabioTrade stands out for several unique features and policies. One notable aspect is the relatively lower level of overall funds accessible to traders, coupled with the restriction against holding positions over the weekend. Conversely, SabioTrade shines with its state-of-the-art QuadCode-powered trading platform, the flexibility of trading during news events, and an extensive, well-curated collection of educational materials. These attributes position SabioTrade as an ideal platform for aspiring traders looking to embark on their trading journey.

SabioTrade Details

Trading Platforms
Deposit Methods
Withdrawal Methods
Tradable instruments
Incorporation
Account Currencies
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Get Funded
Up to $200k
30% Off when you sign-up with our link and apply code: APTF_30

8.0
Fees
8.0
Easy of Evolution
8.0
Trading Conditions
9.0
Profit Sharing Model
8.3 Overall Rating

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SabioTrade
8.3/10
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