SabioTrade Review
SabioTrade is a proprietary trading firm founded in 2020 and based in Dublin, Ireland. It offers traders the opportunity to access funded accounts ranging from $20,000 to $200,000 through a one-step evaluation process. They provide a proprietary trading platform integrated with a dashboard for real-time performance tracking
SabioTrade Review
Summary
SabioTrade is an innovative proprietary trading firm that has quickly gained attention in the prop trading industry since its inception in 2020. Based in Dublin, Ireland, SabioTrade offers traders the opportunity to access substantial trading capital without risking their own funds. The firm provides funded accounts ranging from $20,000 to $200,000, with one-time evaluation fees starting at just $119.
What sets SabioTrade apart is its unique, integrated trading ecosystem. Unlike many competitors, SabioTrade offers a proprietary trading platform called SabioTraderoom, which is seamlessly integrated with the SabioDashboard. This integration allows traders to execute trades, monitor performance, and access educational resources all within a single interface, streamlining the trading experience.
SabioTrade’s offering includes over 250 tradable instruments across various asset classes, including forex, stocks, commodities, indices, and ETFs. The platform provides leverage up to 1:30 for forex pairs, catering to different trading styles and risk appetites.
One of the most attractive features of SabioTrade is its generous profit-sharing model. Successful traders can keep up to 90% of their profits, making it one of the most competitive offerings in the industry. The firm also stands out for its simple, one-step evaluation process with a 10% profit target and no time limit, allowing traders to prove their skills at their own pace.
SabioTrade places a strong emphasis on trader education and support. The platform offers comprehensive educational resources, including video tutorials, webinars, and a trading blog, all accessible directly through the SabioDashboard. Additionally, the firm provides 24/7 customer support to assist traders with any queries or issues.
Let’s examine the specific features, conditions, and programs offered by SabioTrade to get a more detailed understanding of what this prop firm brings to the table.
SabioTrade Review
Programs
SabioTrade offers a straightforward One-Step Evaluation program for prop trading, providing four account sizes:
- $20,000 account: $119 one-time fee
- $50,000 account: $289 one-time fee
- $100,000 account: $479 one-time fee
- $200,000 account: $939 one-time fee
All accounts share the same trading conditions, including 1:30 leverage, a 10% profit target, 3% daily loss limit, and 6% max trailing drawdown. The evaluation has no time limit, allowing traders to reach the profit target at their own pace without breaking any rules. Once successful, traders are set up with a live funded account using real money, with rules identical to the evaluation account but no cap on potential profits. Profit payouts are generous, ranging from 80% to 90% depending on the account size. SabioTrade uses its own integrated platform, SabioTraderoom, which streamlines the trading experience by combining the trading interface with the dashboard. This proprietary system allows for real-time performance analysis and rule violation monitoring, ensuring a transparent and efficient trading environment for both evaluation and funded accounts.
SabioTrade Review
Conditions
The trading conditions at SabioTrade are designed to balance risk management with trader freedom. Here’s what you need to know about the rules and requirements:
Drawdowns
SabioTrade implements two crucial drawdown rules to safeguard traders from excessive losses. The Daily Loss Limit is set at 3% of the previous day’s account balance. This means if your account balance at the end of the day is $100,000, you must ensure it doesn’t drop below $97,000 the next day. Breaching this limit is considered a “hard breach,” potentially leading to account suspension. Additionally, the Maximum Trailing Drawdown is set at 6% of the initial account balance. It trails the highest account balance achieved until the account reaches a 6% profit, at which point it locks at the initial balance. For instance, if you start with $100,000, your account shouldn’t fall below $94,000 initially. Once you reach $106,000, the drawdown locks, and you must maintain at least $100,000.
Payouts
SabioTrade offers a generous profit-sharing model that allows traders to keep a significant portion of their earnings. For the $20K, $50K, and $100K accounts, traders can retain 80% of the profits, while the $200K account offers an even more attractive 90% profit share. Payouts can be requested at any time through the SabioDashboard. Upon making a request, the account is temporarily frozen, the profit split is calculated, and the payout is processed within 24 hours. This efficient payout process ensures that traders can quickly access their earnings and continue trading without unnecessary delays.
Trading Days
SabioTrade offers flexibility in trading days, with no minimum number of trading days or time limitations on assessments. Traders can progress through the evaluation process at their own pace. However, there is a requirement to place at least one trade every 30 days to keep the account active; failing to do so is considered a “hard breach” and could result in account suspension. SabioTrade allows trading during nights and weekends for accounts opened after July 1st, 2024, providing additional flexibility for traders in different time zones or those who prefer to trade outside standard market hours. While there’s no minimum trading day requirement, consistency is still emphasized for success in turning an evaluation account into a funded trading account.
Trading Strategies
SabioTrade provides traders with the flexibility to employ a wide range of trading strategies, accommodating both novice and experienced traders. The firm supports various approaches, including news trading and automated trading, which are integral for those who rely on market events and algorithmic strategies. SabioTrade’s blog offers insights into effective strategies such as the 3 Bar Play Pattern, algorithmic trading techniques, and comprehensive methods for trading major forex pairs like EUR/USD. These resources aim to enhance traders’ understanding and application of different strategies for consistent profits. While SabioTrade encourages diverse trading methods, traders must adhere to the firm’s guidelines and terms, ensuring that their strategies align with the rules and ethical standards set by the company.
Refund
SabioTrade offers a 100% refund policy for all account sizes, as stated on their website. This means that if a trader purchases an evaluation account and decides not to proceed or fails to pass the evaluation, they can request a full refund of their one-time fee. This refund policy provides a level of security for traders who are unsure about committing to the program. However, it’s essential to note that the website’s terms and conditions should be carefully reviewed to understand any potential limitations or requirements for requesting a refund.
SabioTrade Review
Features
| Maximum capital | $200,000 |
| Profit split | Up to 90% |
| Scaling | No |
| News trading | Yes |
| Weekend trading | No |
| Automated trading | Yes |
| Free trial | Yes |
| Maximum leverage | 1:30 |
SabioTrade offers a range of features designed to provide a seamless and efficient trading experience. Let’s explore each feature in detail:
Trading Platform
SabioTrade’s proprietary trading platform, SabioTraderoom, is a robust and user-friendly system powered by QuadCode, designed to provide traders with an integrated and efficient trading experience. Seamlessly connected with the SabioDashboard, it allows for easy switching between trading activities and account management without the need for multiple logins.
The platform features a customizable interface, offering over 100 built-in technical indicators, multi-chart capabilities with up to nine simultaneous charts, and auxiliary tools like economic calendars, news feeds, widgets, and price alerts. This setup supports a wide range of tradable assets, including forex, stocks, commodities, indices, ETFs, and cryptocurrencies, enabling diverse trading strategies. The mobile app extends this functionality to iOS and Android devices, ensuring traders can manage their accounts and execute trades on the go.
Additionally, the platform’s real-time synchronization with SabioTrade’s risk management software ensures continuous performance analysis and immediate detection of rule violations, enhancing the overall trading experience.
Dashboard
The SabioDashboard serves as the central hub for traders using SabioTrade’s platform, offering a comprehensive and user-friendly interface for managing accounts and accessing various features. Updated approximately every 60 seconds, it provides real-time insights into account performance, including metrics on trading activity, breach levels, and progress towards profit targets.
The dashboard seamlessly integrates with the QuadCode trading platform, allowing traders to execute trades directly from their dashboard. It also offers access to educational resources such as trading courses and market analysis, supporting traders in enhancing their skills and knowledge. Additionally, the dashboard facilitates account management tasks like requesting payouts and monitoring both assessment and funded accounts. With its intuitive design and wealth of features, the SabioDashboard plays a crucial role in empowering traders to make informed decisions and effectively manage their trading journey with SabioTrade.
Support
SabioTrade offers a comprehensive customer support system designed to assist traders around the clock. The firm provides multiple channels for assistance, including live chat integrated directly into the SabioTraderoom platform, email support with typically quick response times (1-3 hours), and active social media profiles on Discord and Instagram. A recently launched AI Support Bot on WhatsApp and Telegram provides 24/7 assistance for a wide range of inquiries. While phone support is not available, SabioTrade compensates with a detailed FAQ section on their website and extensive educational resources accessible through the SabioDashboard.
Knowledge Base
SabioTrade offers a comprehensive knowledge base accessible through the SabioDashboard. This includes educational resources such as trading courses, video tutorials, and technical market analysis. The platform also provides free trading signals and community support through Telegram and Discord channels. These resources are designed to help traders improve their skills and stay informed about market developments, making it an excellent platform for both new and experienced traders.
Broker Integration
SabioTrade is integrated with QuadCode, a multi-regulated broker, providing access to a wide range of trading instruments, including CFDs on currency pairs, stocks, commodities, indices, and ETFs. This integration ensures that traders have access to diverse markets and can execute trades efficiently. The platform supports market and pending orders, with leverage options up to 1:30, depending on the asset. This setup allows traders to maximize their trading potential while maintaining sound risk management practices.
Free Trial Account
SabioTrade provides a free trial option, allowing prospective traders to test the platform and its features before committing to a paid program. This demonstrates the company’s confidence in its offering and allows traders to make an informed decision.
SabioTrade Review
Conclusion
SabioTrade offers a solid platform for traders looking to dive into prop trading. With their straightforward One-Step Evaluation, generous profit splits, and a user-friendly trading platform, they’ve got a lot going for them. The SabioTraderoom, with its integrated dashboard and mobile app, makes managing trades and accounts a breeze, while their educational resources and community support are great for both newbies and seasoned traders. However, keep an eye on those drawdown rules and the lack of refunds, as they could catch you off guard if you’re not careful. Overall, SabioTrade seems to have created a well-rounded environment for traders to thrive, as long as you play by the rules and stay informed.
SabioTrade Review
