SabioTrade Review: Is This Prop Firm Worth It?
Prop trading firms are gaining traction in the forex and crypto space, offering traders access to funded accounts with high profit potential. SabioTrade is one such firm, promising competitive account sizes, fair trading conditions, and multiple payment options. But is it the right prop firm for you? Let’s dive into a comprehensive review of SabioTrade.
What is SabioTrade?
SabioTrade is a proprietary trading firm that provides traders with funded accounts, allowing them to trade with firm capital instead of their own. The firm sets specific rules for risk management and profit targets, making it crucial for traders to meet the requirements to retain their funding.
SabioTrade Pros and Cons
Pros
- News Trading Allowed
- Overnight Holding Allowed
- Profit Share of 80% up to 90%
- First Payout Upon Making a Profit
- No Minimum & Maximum Trading Day Requirements
- A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Stocks, ETFs, Cryptocurrencies)
- Trading education - Sabio Academy
- Discount and small asessment fees
- Allows traders to scale up capital
- Competitive trading conditions
- 100% Refund of assessment fees
Cons
- Late email support
- Small user base
- Strict drawdown rules
- No public information about CEO or leadership
- Limited reviews compared to established firms
SabioTrade Pricing and Plans
SabioTrade offers multiple account sizes to cater to traders of different experience levels. The available funded accounts include:
| Feature | Essential | Plus | Advanced | Ultimate | Prime |
|---|---|---|---|---|---|
| Price | $119 | $289 | $479 | $939 | $2,989 |
| Initial Balance | $20,000 | $50,000 | $100,000 | $200,000 | $650,000 |
| Leverage | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 |
| 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% |
| Refund | 100% ($119) | 100% ($289) | 100% ($479) | 100% ($939) | 100% ($2,989) |
| Hold Positions Over Weekend | Yes | Yes | Yes | Yes | Yes |
| Payout Frequency | Weekly | Weekly | Weekly | Weekly | Weekly |
| Minimum Trading Days | 0 | 0 | 0 | 0 | 0 |
| Max Time for Assessment | No limit | No limit | No limit | No limit | No limit |
Features Defination
- Price – The cost to enroll in the funded account challenge.
- Initial Balance – The starting amount of virtual funds provided for trading.
- Leverage – The borrowing ratio that amplifies your trading position (e.g., 1:30).
- Profit Target – The percentage of profit required to complete the evaluation successfully.
- Daily Loss Limit – The maximum amount of loss allowed in a single day.
- Max Trailing Drawdown – The maximum amount of cumulative losses before the account is closed.
- Profit Payout – The percentage of your profits that you can withdraw.
- Refund – The initial fee is refunded upon successfully passing the evaluation.
- Hold Positions Over Weekend – Whether traders can keep trades open during weekends.
- Payout Frequency – How often traders can withdraw their earnings (e.g., weekly).
- Minimum Trading Days – The minimum number of days required to complete the evaluation.
- Max Time for Assessment – The maximum duration allowed to complete the challenge.
What are the key trading rules?
SabioTrade enforces a 5% daily loss limit, a 6% max trailing drawdown, and requires at least one trade every 30 days.
Is High-Frequency Trading (HFT) allowed?
No, High-Frequency Trading (HFT) is not allowed on SabioTrade.
Can traders use automated trading software?
Yes, traders can use automated trading software, but SabioTrade does not provide or endorse any specific tools.
How many accounts can a trader have?
Traders can hold multiple accounts but should not have two accounts of the same type and balance concurrently.
What are the profit payout percentages?
SabioTrade offers profit splits ranging from 80% to 90%.
What are the withdrawal methods?
Withdrawals can be made via Bank Transfer and Crypto.
Is there a free trial available?
Yes, SabioTrade offers a free 7-day trial.
SabioTrade needs improvement in support and rule transparency. The lack of clear guidelines and slow response times make it frustrating to trade confidently.