SabioTrade Review and Analysis
Overview
SabioTrade burst into the industry with a number of unique features, thanks to which it immediately received positive feedback and is now actively expanding its base of traders.
SabioTrade is a prop trading ecosystem that includes its own trading platform along with a smart dashboard. This is a serious advantage for Sabio over competitors who send traders away to third-party platforms, forcing them to constantly switch between the dashboard and the traderoom. In SabioTrade, the platform is built directly into the dashboard, which allows you to trade and monitor your metrics within a unified interface.
Proprietary trading platform is strikingly different from the usual MetaTrader: it is more modern and easier to use yet not inferior in functionality. The Sabio platform can be customized, and it also gives access to 250 assets and many useful tools: more than a hundred indicators, alerts, widgets, news feed, calendars and much more.
SabioTrade has a low barrier to entry due to cheap plans, a free 7-day Trial account, a 1-step assessment and a lot of free training materials. There is no time limit for assessment, and payments can be requested as soon as you make your first profit, with no minimum trading days or withdrawal amount restrictions.
What’s it all about?
SabioTrade is a prop trading firm founded in 2023. It provides traders with the opportunity to scale their investments through funded accounts with denominations ranging from $10,000 to $200,000. The price starts from $50, which is one of the lowest assessment costs in the prop trading market. Payouts reach up to 90%, and the profit target is only 10%.
Funded Accounts
SabioTrade funded accounts
SabioTrade offers 3 tiers of funded accounts:
- $20K account for $119
- $50K account for $289
- $200K account for $939
You can choose and buy a plan from the SabioTrade official website. Basically, you pay a one-time assessment fee — once your payment is processed, you’ll get access to your Assessment account where you can start the evaluation. In case of the successful assessment, you’ll be granted a funded account that you can use for live trading.
Challenge Overview
SabioTrade Firm Assessment Review
Before engaging in live trading on a funded account, potential Sabio traders must undergo an assessment of their trading skills. This is to prove their trading ability - simply put, one must prove that they can meet the trading conditions.
The evaluation process involves allocating a special Assessment account with virtual money. As a potential trader, you must trade on this account and meet all the specified conditions:
- 10% profit target
- 3% daily loss limit
- 6% max. trailing drawdown
There is no minimum or maximum period for the Assessment account — traders may take the time necessary to complete the assessment.
If you do not meet the criteria on your first try, SabioTrade provides the option to purchase another plan and make subsequent attempts until you succeed.
Pros and Cons
Let’s talk about the good stuff…
Although overall SabioTrade provides a familiar prop trading experience, there are a few killer features that set it apart from its competitors:
- "Traderoom + Dashboard" combo. You can't find anything like this anywhere else. Moreover, the traderoom is not the familiar MT4/MT5, but its own platform — it’s just like Metatrader, but simpler, younger, and more good-looking.
- Fast and smooth start. No lengthy assessment, no confusing rules or heavy restrictions. All it takes is a one-time payment, a 1-step assessment with no time limits, and at least 1 deal in a month.
- No limits on payouts. Unlike many other prop trading firms that apply restrictions like “minimum trading days” or “minimum withdrawal amount”, SabioTrade allows its traders to cash out whenever they want.
What to love about SabioTrade?
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Competitive assessment costs from just $50 — one of the most beneficial offers in the prop trading market
- Dashboard-integrated traderoom which creates a unique trading ecosystem for uninterrupted prop trading flow.
- Own trading platform with a modern interface, multicharts, easy navigation, and useful trading tools.
- Instant payouts with no minimum trading days. Withdraw profit at any time and in any amount with no restrictions.
- Realistic profit targets — you only need to make a profit of 10%, which is a fair deal.
- High leverage up to 100:1, allowing you to operate up to $2 million in investments.
- Free educational materials covering the basics of trading.
- 7-days Trial account with $10,000 for easy practice.
- Over 100 technical indicators for substantial chart analysis.
...and the bad
What is not to love about SabioTrade?
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Mobile trading app unavailable at the moment of writing this article, yet mobile trading is accessible on web.
- No high-risk instruments or cryptocurrencies to trade.
- Non-refundable assessment fee.
Frequently Asked Questions (FAQs):
What is SabioTrade?
SabioTrade is a prop trading firm that collaborates with talented traders worldwide by providing them with funded accounts and sharing the profits made. This way, SabioTrade empowers skilled traders that lack sufficient funds on a win-win basis, while taking all the risks.
Is SabioTrade a legit or scam prop firm?
SabioTrade is a legit firm with a good reputation, realistic profit targets, and a fair profit sharing scheme.
How do I become a Sabio Trader?
In order to become a funded trader, you will have to pass a 1-step assessment challenge. If you meet the 10% profit target, you will get access to a live account loaded with $10-200K depending on your package. You only pay a one-time fee, which is non-refundable.
What account sizes does SabioTrade offer?
SabioTrade offers three account tiers: $20K, $50K, and $200K. The prices are $119, $289, and $939, respectively.
Will I get the fee back if I pass the assessment?
No, the fee is non-refundable.
How do I enter the SabioTrade assessment?
Go to the SabioTrade official website, choose the package and press Get Funded. Enter your details and make a one-time payment. After that, you will be able to access your SabioDahboard and start the challenge. You can log in to your SabioTraderoom with a special set of credentials sent to your email, and then start trading. Once you meet the profit target and pass the assessment, you will get funded.
What is the SabioTrade fee?
SabioTrade offers four tiers of funded accounts: a $10K balance that costs $50, a $50K balance for $289, a $100K balance for $479, and a $200K balance for $939. Scaling plan up to $2 million.
What is SabioTrade's evaluation process?
SabioTrade offers an easy 1-step evaluation instead of the industry-standard 2-step evaluation.
Hit the profit target of 10% during the assessment challenge without breaching the rules.
What is an acceptable max drawdown for SabioTrade?
The maximum trailing drawdown at SabioTrade is 6% and the maximum daily loss limit is 3%.
What is SabioTrade's Trading Duration / Time restriction?
How trusted is SabioTrade?
The trusted source of information on fintech matters SBO, gave SabioTrade a 4/ 5.00 rating based on analysing 20+ criteria and testing. SabioTrade is currently in 2nd place in this ranking. FunderPro is currently rank as the number one.
What is the SabioTrade fee?
SabioTrade offers four account tiers: $10K, $50K, $100K, and $200K. The prices are $50, $289, $479, and $939, respectively.
Does SabioTrade offer coupons for customers?
Yes, currently, there is one SabioTrade discount coupon sbocoupon available for customers.
How can I find SabioTrade discount coupons and promo codes?
What is the profit split for SabioTrade?
SabioTrade pays out 70-90% of the profits.
What is SabioTrade evaluation process?
SabioTrade offers an easy 1-step evaluation instead of the industry-standard 2-step evaluation.
How do I become an SabioTrade Trader?
Hit the profit target of 10% during the assessment challenge without breaching the rules and become a Funded Trader.
What is an acceptable max drawdown for SabioTrade?
The maximum trailing drawdown at SabioTrade is 6% and the maximum daily loss limit is 3%. Maximum Drawdown is the Distance between the highest and lowest points (maximum and minimum peak).
What is SabioTrade Trading Duration / Time restriction?
There is no minimum or maximum period for the Assessment account — traders may take the time necessary to complete the assessment.
What is SabioTrade leverage?
The leverage at SabioTrade ranges from 20:1 to 1:100 depending on the instrument.
What financial instruments can be traded at SabioTrade?
Forex, indices, commodities, ETFs, and stocks.
Can I trade news at SabioTrade?
No, SabioTrade does not allow news trading.
Can I hold trades overnight or over the weekend?
No, you cannot hold trades during the weekend. All trades will be closed by 3:45 pm EST on Friday.
