Things we didn't like:
No high-risk instruments or cryptocurrencies to trade.Non-refundable assessment fee.
Why would you want an alternative to SABIOTRADE?
Choosing an alternative to SABIOTRADE makes sense because it has some significant downsides. Firstly, they don't have a mobile trading app, which is a big inconvenience for people who prefer trading on their phones. Many other platforms offer this feature, making trading easier and more accessible.
Secondly, SABIOTRADE doesn't allow trading in high-risk investments or cryptocurrencies, limiting the choices for investors who want to explore different opportunities.
Lastly, they charge a non-refundable assessment fee, which means you have to pay even before you start trading. This can be discouraging for people looking for a more affordable option. Choosing a different platform ensures a more convenient, diverse, and cost-effective trading experience, addressing these issues.
What to look for in a SABIOTRADE Alternative?
When it comes to finding your ideal prop firm there are many aspects to consider. What may be the ideal platform for one trader may not be as highly compatible for another. Everyone trades with different approaches and strategies and needs vary accordingly. Here are some starting factors to weigh when you are comparing two or more prop firms:
- Challenge Criteria: Are the rules excessively strict or targets unrealistically high?
- Trading Platform: Is the software user-friendly and are execution speeds fast enough?
- Payout Structure: Is the profit-split fair, and are withdrawals easy and regular?
- Program Progression: Are there opportunities to scale your account or advance through the platform with rewards or incentives along the way?
In sum, when looking for the best proprietary trading firm bear in mind the hours you may be spending using this platform, make sure you are comfortable, and your trading needs are met!
Best SABIOTRADE alternatives – Proprietary Trading Firms like (or better than) SABIOTRADE
Rating breakdown
Things we liked:
Exclusive Discount Code (20% Off Exclusive Offer)Minimal rules & unlimited time for completion
Two-part assessment leading to $200,000 in funding
Scaling plan & fast-track funding opt
Things we didn't like:
New player in the funded account offeringAn entry fee to sign up for the challenge.
FunderPro Overview
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
Rating breakdown
Things we liked:
FTMO charges a one-time fee onlyFTMO has generous conditions for its traders
Things we didn't like:
Complaints about the platform freezingComplaints about lack of customer support
FTMO Overview
FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.
Rating breakdown
Things we liked:
No restrictions on applied strategies plus, traders can use their advisors;Ability to repeat a challenge.
Things we didn't like:
While Eightcap provides many different instruments, only a few of them are available;Trading cryptocurrencies is possible only during the challenge.
The Funded Trader Overview
Lack of real funds aside, there is much to love about the Funded Trader. If you enjoy a gamified approach to trading, then you will find plenty to appreciate on this platform. In summary, traders can leverage the highly realistic simulations of the Funded Trader Challenges to prepare themselves for a live market scenario and the risk of their own real funds. There is also a Kingdom of interactive and entertaining tools and features that will see you building up your traders’ portfolio of skills and strategies without feeling like classroom learning!