SabioTrade is a proprietary trading firm located in Ireland that offers traders the chance to access funded trading accounts with clear and performance-focused conditions. What sets this firm apart is its one-step evaluation model, which allows traders to qualify for funding through a relatively simple challenge while keeping a significant portion of their profits.
SabioTrade also offers a variety of asset classes, including forex, commodities, stocks, indices, and cryptocurrencies, giving traders the flexibility to diversify their strategies and market exposure.
In this review of SabioTrade, we’ll dive into the firm’s main features, funding options, evaluation process, trading conditions, profit-sharing structure, and the challenges involved. We will also see if its approach is a good fit for both newcomers and seasoned traders seeking access to funded capital.
| Feature | Details |
|---|---|
| Company | SabioTrade |
| Type | Proprietary Trading Firm |
| Evaluation | One-Step |
| Starting Account | $20,000 |
| Maximum Account | Up to $650,000 |
| Profit Split | Up to 80%–90% |
| Maximum Leverage | Depends on the asset |
| Trading Markets | Forex, Stocks, Indices, Commodities, Crypto |
| Platform | SabioTraderoom |
| Minimum Fee | $119 |
| Time Limit | No Limit |
| Customer Support | 24/7 |
Pros & Cons of SabioTrade
Pros
- A straightforward one-step approach with a 10% target and a 6% trailing drawdown.
- When it comes to profit sharing, you can expect to keep between 80% and 90%, which is among the best in the industry.
- Enjoy access to a wide range of assets, over 250+ instruments including forex, stocks, indices, commodities, and crypto, rather than being stuck with just forex.
Cons
- These accounts aren’t regulated and operate in a simulated environment rather than real markets, a common feature in this category, but definitely something to keep in mind when making comparisons.
- They use a proprietary platform powered solely by QuadCode, which means there are no options for MT4, MT5, or cTrader for those traders who prefer to use their own tools or Expert Advisors.
- As a relatively new player in the game (founded in 2021), they have around 700 reviews on Trustpilot, which is impressive, but still not as extensive as some of the bigger names in the industry.
- The strategy rules can be quite restrictive: no hedging, high-frequency trading, or any unauthorised automated systems that do not have prior written approval.
Unique Features of SabioTrade
SabioTrade really stands out with a range of unique features designed to enhance the trading experience. At the heart of what they offer is the SabioTraderoom, a proprietary platform that boasts an intuitive interface and a customizable trading environment. This platform supports over 100 technical indicators and graphical tools, all neatly organised to fit various trading strategies.
On top of that, the prop trading firm’s traderoom has an accessible feature that lets traders create their own custom indicators. You can either build these from scratch or use one of the existing templates as a starting point. Plus, the traderoom includes a handy account selector, making it super easy for traders to switch between all their active accounts without having to re-enter their credentials or open new tabs for each account they have.
The SabioTrade Traderoom is all about customisation, offering support in 11 different languages, including English, Spanish, Portuguese, French, Italian, Arabic, German, Indonesian, Vietnamese, Thai, and Malay.
Inside the Traderoom, you’ll find handy Market Analysis tools and Economic calendars right at your fingertips, along with detailed asset information and up-to-date performance reports.
One of the standout features is the integrated SabioTrade Dashboard, which works seamlessly with the Traderoom to boost functionality. This dashboard allows for one-click access to the trading environment, in-dash payment options, and advanced analytics to help you keep track of your profit goals.
Plus, the Dashboard is packed with a wealth of educational resources, lessons, interactive tasks, and regular live webinars. It even includes interactive onboarding tools to help new traders find their way and get comfortable in the trading environment.
SabioTrade’s Customer Support
SabioTrade is dedicated to delivering 24/7 customer support. Traders can easily access assistance through live chat in the Traderoom, ensuring that help is always just a click away when required. Furthermore, support is available via email, which efficiently manages inquiries and provides detailed and prompt responses.
For a more interactive support experience, SabioTrade employs a ticket system on its Discord server, promoting a community-oriented approach to problem-solving and user interaction. The platform also broadens its support reach through social media platforms such as Instagram and Facebook, enabling direct messaging to resolve user issues.
This comprehensive multi-channel support system ensures traders can receive assistance anytime, through multiple platforms.
Account Types
SabioTrade has designed a tiered account system that caters to traders at different stages of their journey and capital aspirations:
| Feature | Essential | Plus | Advanced | Ultimate | Prime |
|---|---|---|---|---|---|
| Tariffs | $119 | $289 | $479 | $939 | $2,989 |
| Initial Balance | $20K | $50K | $100K | $200K | $650K |
| Profit Target | 10% ($2,000) | 10% ($5,000) | 10% ($10,000) | 10% ($20,000) | 10% ($65,000) |
| Daily Loss Limit | 5% ($1,000) | 5% ($2,500) | 5% ($5,000) | 5% ($10,000) | 5% ($32,500) |
| Max Trailing Drawdown | 6% ($1,200) | 6% ($3,000) | 6% ($6,000) | 6% ($12,000) | 6% ($39,000) |
| Profit Payout | 80% | 80% | 90% | 90% | 90% |
| Leverage | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 |
| Hold Positions Over the Weekend | Yes | Yes | Yes | Yes | Yes |
| Consistency Rule | 55% | 55% | 55% | 55% | 55% |
| Account Inactivity | Max 30 days | Max 30 days | Max 30 days | Max 30 days | Max 30 days |
| Payout Frequency | Weekly | Weekly | Weekly | Weekly | Weekly |
| Max Time for Assessment | No time limit | No time limit | No time limit | No time limit | No time limit |
SabioTrade Challenges
When engaging in trading with a proprietary firm such as SabioTrade, it is essential to comprehend their One-step Evaluation Trading Rules and Objectives for achieving success. These rules provide a clear framework that helps traders align with the firm’s risk management strategies and performance expectations.
By following the evaluation process, traders not only showcase their abilities but also gain access to the firm’s capital for live trading. This organised approach is vital as it promotes disciplined trading, reduces risk, and ensures that both the trader and the firm can attain long-term profitability.
- Profit Target: Traders need to reach a specific profit percentage to finish an evaluation phase, withdraw their earnings, or increase their trading account. During the evaluation phase, the profit target is established at 10%. However, funded accounts do not have specific profit targets.
- Maximum Daily Loss: This is the highest amount a trader can lose in one trading day without violating the account rules. All account sizes have a maximum daily loss limit of 5%.
- Maximum Trailing Loss: The maximum trailing loss a trader can incur is based on the difference between the highest account balance achieved and the lowest point during a drawdown. For all account sizes, the maximum trailing loss is capped at 6%.
| Challenge Rule | SabioTrade Requirement |
|---|---|
| Evaluation Type | One-Step Evaluation |
| Profit Target | 10% |
| Funded Account Profit Target | No target |
| Maximum Daily Loss | 5% |
| Maximum Trailing Loss | 6% |
| Applies To | All Account Sizes |
| Evaluation Goal | Meet the profit target without breaching loss limits |
In conclusion, by understanding these key rules, traders arm themselves with the necessary tools to manoeuvre through the ever-changing trading environment, combining discipline with creative strategies.
How Do the Key Rules Actually Work?
Profit Target: To complete the evaluation phase, you must achieve a 10% profit on your closed balance. Open trades are not included. Close all trades, and the system will check if you have passed. If you reach the target but haven’t met the consistency rule, continue trading until both conditions are fulfilled.
Daily Loss Limit: You are not allowed to lose more than 5% of the previous day’s closing balance in one day. For example, if your closing balance was $100,000, ensure your equity stays above $95,000 the following day.
Max Trailing Drawdown: Your equity should never drop more than 6% of your initial account balance below your highest closing balance. For a $100,000 account, this means a maximum drawdown of $6,000. As your account increases, the threshold rises accordingly, but the drawdown limit remains based on your initial balance.
Post-Payout Rule: After your first payout, your equity must always remain above your initial account balance. This threshold does not change.
How to Get Started With SabioTrade?
Starting your trading journey with SabioTrade is meant to be simple and effective.
Step 1: Visit the Website & Registration
Visit the SabioTrade website and select the trading plan that suits your preferences. Complete the registration by entering your information and selecting a payment method for the assessment fee.
Step 2: Account Credentials
Once registered, you will get an email with a link to verify your email and create a personal password for maximum security and ease of use. This will be the login information you need to access the dashboard and traderoom, which includes your email and the password you created.
Step 3: Assessment Account
After verifying your email and creating your password, you can start trading on your assessment account. Your goal is to achieve a 10% profit while following the hard rules. Once you complete the assessment, you will proceed to the verification stage.
Step 4: Trader Agreement
The Trader Agreement or Service Agreement is accepted online. Traders must upload images of their ID and proof of their permanent address for the KYC process. After the verification is completed, traders will get access to their funded account using the same credentials they created during registration.
Once these steps are finished, you can begin trading on your funded account, getting closer to your financial goals with SabioTrade, and then request a payout to withdraw your earned funds whenever you are ready.
Is SabioTrade Legit and Safe?
SabioTrade implements strict measures to maintain the security and integrity of its trading platform. To avoid fraud, traders must agree to the Terms and Conditions during their initial registration, and all future purchases can only be made after logging into their secure dashboard account.
Regarding the security of client funds, SabioTrade takes a comprehensive approach. Traders do not need to provide bank account information when they accept the Service Agreement. This agreement is accepted during the KYC process, which is done once per account as long as the identity document is valid.
However, for every payout request, traders must provide their chosen payout method details. Bank transfers are only allowed to accounts that are in the trader’s name. Any payout request made to a third-party account will be denied.
Trading Rules and Restrictions
SabioTrade has established clear and disciplined trading rules to ensure responsible risk management and consistent performance from traders. These rules aim to safeguard both the firm’s capital and the long-term success of traders, fostering a balanced and professional trading atmosphere.
Evaluation Rules
SabioTrade uses a single-phase evaluation model, allowing traders to access funding quickly while upholding professional risk standards.
| Rule | Requirement |
|---|---|
| Profit Target | 10% |
| Daily Drawdown | 5% |
| Overall Drawdown | 6% |
| Minimum Trading Days | 0 |
| Time Limit | None |
Traders need to meet the profit target without breaching any loss limits. Once they succeed, they will receive a funded trading account and can start trading under the same risk guidelines.
Trading Rules
Once traders pass the evaluation, they can use leverage ranging from 1:3 for crypto to up to 1:100 for selected indices, based on the instrument.
Other important conditions are:
| Feature | Details |
|---|---|
| Leverage | Up to 1:100 |
| Profit Split | 80%–90% |
| Payout Frequency | Weekly payouts, subject to the applicable payout rules and eligibility requirements. |
| Trading Period | No time limit |
| Overnight Trading | Allowed |
| Weekend Trading | Allowed |
| News Trading | Allowed |
These guidelines promote sustainable growth and ensure that trader discipline meets professional trading standards.
Trading Restrictions
SabioTrade encourages flexibility, but certain strategies are limited to ensure fairness and avoid market abuse.
Permitted strategies:
- Scalping
- Swing trading
- Intraday and Position trading
Banned strategies:
- Arbitrage or latency exploitation
- Grid or martingale strategies
- Copy trading between unrelated accounts
- Tick or gap manipulation
- High-frequency trading using external data feeds
Tradable Instruments
SabioTrade gives traders access to a wide variety of financial instruments in global markets, allowing them to diversify their strategies and adjust to changing conditions. The firm’s multi-asset strategy ensures that both short-term and long-term traders can discover suitable opportunities in their areas of expertise.
Asset Classes
SabioTrade offers access to several key asset classes through its liquidity providers and trading platforms:
- Forex Pairs: Major, minor, and select exotic pairs, providing high liquidity and narrow spreads.
- Commodities: Well-known instruments like gold, silver, and crude oil, preferable for traders who enjoy volatility.
- Indices: Access to top global stock indices, including NASDAQ, S&P 500, DAX 40, and FTSE 100.
- Stocks: A broad range of major equities from U.S. and European markets.
- Cryptocurrencies: Important digital assets like Bitcoin, Ethereum, and Litecoin, available for those interested in high-volatility markets.
This variety of assets allows traders to build multi-market portfolios, hedge their positions, and experiment with different strategies within a single funding structure.
Leverage Structure
The table below shows the leverage given by SabioTrade on the assets it offers:
| Asset | Current Maximum Leverage |
|---|---|
| Forex | 1:30 |
| Stocks | 1:20 |
| Commodities | 1:25 |
| Cryptocurrencies | 1:3 |
| Indices | 1:100 |
| ETFs | 1:20 |
This adaptable leverage model enables traders to modify their exposure according to market fluctuations and their own risk preferences while ensuring realistic institutional conditions.
Features & Tools
SabioTrade provides more than just funding; it offers traders a complete ecosystem aimed at fostering growth, consistency, and long-term success. With personalised analytics and educational resources, the firm supplies traders with the necessary tools to excel.
Trader Dashboard
Every trader at SabioTrade can use a detailed dashboard that monitors important performance metrics in real time, such as:
- Current equity and drawdown levels
- Progress towards profit targets
- Count of active trading days
- Risk alerts and notifications for breaches
- Status of payout eligibility and requests
The dashboard provides complete transparency, enabling traders to quickly check their performance and account status.
Affiliate Program
SabioTrade has a referral and affiliate program for traders, influencers, and educators looking to earn commissions by attracting new traders to the platform.
Affiliates get:
- A unique referral link to monitor signups and conversions.
- Commission rates that increase based on performance.
- Marketing resources and assistance from the SabioTrade team.
This affiliate program offers a way to earn extra income while growing the community of funded traders.
Commission and Fees
SabioTrade prioritises transparency in its fee structure, allowing traders to clearly understand the costs linked to their trading activities.
Minimum Account Fee: The minimum account fee at SabioTrade is quite reasonable, starting at $119 for a $20,000 account, which includes an 80% profit share.
Trading Fees: At SabioTrade, trading fees consist of dynamic spreads that change throughout the trading day based on the asset. The platform also applies overnight fees for positions held past the trading day, but these fees are deducted from the account balance, meaning clients do not have to pay them directly.
CFD Fees: CFD trading uses the same fee structure as general trading fees.
Forex Fees: Forex fees follow the overall trading fee structure, featuring variable spreads and overnight fees based on the specific currency pairs being traded.
Futures Fees: SabioTrade does not impose fees for futures since this type of trading instrument is not available.
Account Fee: There are no monthly management fees for accounts at SabioTrade. The only charge related to accounts is a one-time fee for accessing the assessment plan.
Inactivity Fee: Accounts inactive for 30 consecutive days may be deactivated.
Overnight Funding Fee: Overnight fees, or swaps, apply to positions held overnight. The fee depends on the asset and is taken directly from the account balance. SabioTrade also provides specific intraday account options, Flash, Daybreak, Surge, and Apex, where all positions are closed at the end of each trading day. Therefore, these accounts do not have overnight swap fees, making them ideal for traders who only use intraday strategies and want to avoid overnight risks.
Currency Conversion Fee: SabioTrade does not impose any currency conversion fees, making it easier for international traders.
Guaranteed Stop Order Fee: There are no fees for guaranteed stop orders because this service is not available.
| Fee Type | Cost / Details |
|---|---|
| Assessment Fee | From $119 for a $20,000 account |
| Trading Fees | Variable spreads |
| CFD Fees | Variable spreads + overnight fees |
| Forex Fees | Variable spreads + overnight fees |
| Monthly Account Fee | None |
| Inactivity Fee | Accounts inactive for 30 consecutive days may be deactivated. |
| Overnight Funding Fee | Applies to overnight positions |
| Intraday Account Swaps | No overnight swap fees |
| Currency Conversion Fee | None |
| Futures Fee | Not applicable; futures unavailable |
| Guaranteed Stop Fee | Not available |
Deposit and Withdrawals at SabioTrade
SabioTrade offers a limited range of payment options when compared to other top prop firms globally.
Prop traders get the option to make payments or withdraw money via following options:
- Paysafe
- Maestro Card
- Mastercard
- VISA
- Google Pay
- Apple Pay
- Crypto
- Bank Transfer
Payments and Profit Payout
Receiving fair and timely payments is essential for every trader, and SabioTrade has created a quick, clear, and adaptable payout system to guarantee that traders get their earnings smoothly and without hassle.
Profit Sharing and Payout Timing
SabioTrade provides one of the most attractive profit-sharing models in the market, with profit splits between 80% and 90%, based on performance and account type.
Payouts can be weekly, subject to the applicable payout rules and eligibility requirements.
Key details
- Profit Distribution: Traders can receive up to 90% of the profits.
- Initial Payout: Weekly payouts, subject to the applicable payout rules and eligibility requirements.
- Processing Duration: Typically takes 1 to 3 business days.
| Payout Feature | Details |
|---|---|
| Profit Split | 80%–90% |
| Maximum Profit Share | Up to 90% |
| First Payout | Weekly |
| Payout Schedule | Weekly payouts, subject to the applicable payout rules and eligibility requirements. |
| Processing Time | 1–3 business days |
This setup encourages adaptability and ensures that traders are promptly rewarded for their steady performance.
Profit Withdrawals
After traders receive funding, they can request payouts straight from their SabioTrade Dashboard. The platform offers full transparency, displaying payout history, future eligibility, and the current profit balance.
Payout requests are usually approved and processed within 1 to 3 business days, depending on the payment method used. There are no limits on withdrawals as long as the trader follows all trading rules and keeps their funded account active.
| Withdrawal Feature | Details |
|---|---|
| Request Method | SabioTrade Dashboard |
| Processing Time | 1–3 business days |
| Withdrawal Limit | No stated limit |
| Eligibility | Must follow trading rules |
| Account Requirement | Funded account must remain active |
| Payout Tracking | Available in Dashboard |
Is SabioTrade For You?
Best For
- Day Traders: Special accounts for intraday trading.
- Beginner Traders: A 7-day free trial, PRO Club mentorship, and the Sabio academy make it a top choice for education-focused prop firms.
- News Traders: News trading is permitted without restrictions during both evaluation and funded stages, with no profit limits or time constraints.
- Automated Traders: Automated trading is permitted, but traders must obtain prior written approval from SabioTrade.
Not Suitable for
- HFT Traders: High-frequency trading is strictly prohibited.
- Islamic / Swap-Free Traders: Swap-free accounts are not offered.
Conclusion
SabioTrade is a competitive proprietary trading firm by blending user-friendly trading technology, valuable educational resources, flexible account options, and a trader-centric approach. Their SabioTraderoom platform offers a smooth trading experience, and the firm’s strong focus on education and support can empower traders to refine their strategies and boost their confidence in the markets. Plus, the clear fee structure and variety of account options make it appealing for traders at all experience levels and with different trading goals.
In a nutshell, SabioTrade is worth a look for traders seeking funded trading opportunities in a well-structured and supportive environment. However, like with any prop firm, it’s essential for traders to thoroughly review the evaluation requirements, trading rules, fees, and account conditions before diving in. For those whose strategies fit well with what SabioTrade offers, it can be a great choice in the competitive world of proprietary trading.