Overview

Since 2021, SabioTrade has been a revolutionary prop trading platform that allows capable traders to trade without being employed. Tools and technology are given regardless of their backgrounds. CODEVIL IT ENGINEERING LIMITED officially registers SabioTrade at 2c, Grangegorman Lower, Smithfield, Dublin, Ireland, D07a433. In this SabioTrade Review, we will learn more about the firm’s features, benefits, and more.

At SabioTrade, traders have the ability to use more than 100 in-built indicators, widgets, and alerts. The platform offers different plans to meet the requirements of various traders. Accounts that can receive up to $100,000 in funding and leverage of 30:1. Surpassing what other brokerage accounts and proprietary trading firms are able to provide. SabioTrade is a popular platform among over 150,000 proprietary traders worldwide.

SabioTrade Review | Plan Packages

Standard Plan – Includes weekly market research, an online trading platform, and access to trading professionals for advice.

– Leverage: 30:1
– Profit Target: 10%
– Daily Loss Limit: 3%
– Max Trailing Drawdown: 6%
– Profit Payout: 70%
– Account Balance: $10,000
– One-Time Fee: $50

Premium Plan – Includes all features of the Standard Plan, plus access to a dedicated account manager, access to exclusive trading strategies, and 24/7 customer support.

– Leverage: 30:1
– Profit Target: 10%
– Daily Loss Limit: 3%
– Max Trailing Drawdown: 6%
– Profit Payout: 80%
– Account Balance: $25,000
– One-Time Fee: $125

Platinum Plan – Includes all features of the Premium Plan, plus advanced trading tools, personalized portfolio analysis, and a personalized investment plan.

– Leverage: 30:1
– Profit Target: 10%
– Daily Loss Limit: 3%
– Max Trailing Drawdown: 6%
– Profit Payout: 80%
– Account Balance: $100,000
– One-Time Fee: $500

SabioTrade Review | Assessment Account

This type of account is designed to assess the trading skills of potential clients. It gives clients the opportunity to prove their trading abilities in a simulated environment without risking any real money. The account also allows clients to learn new strategies and develop their trading skills. The assessment account is a great tool for traders who want to test their trading strategies without taking on any risk.

Once you have completed your purchase, you will receive credentials for your SabioTraderoom and SabioDashboard in your inbox. You can access the SabioDashboard to track your progress, request payouts, and access our Trading resources, courses, and platform. The SabioTraderoom allows you to open and close deals, apply trading strategies, use trading tools, and view your trading history.

Assessment Rules

SabioTrade, a Proprietary Trading company, has put in place the following regulations. This is to evaluate your Risk Management and Trading Tactics.

  • There is a 3% daily loss limit (hard breach)

The daily loss limit is determined by the end-of-day balance from the previous day at 5 pm Eastern Standard Time.

  • Maximum Trailing drawdown of 6% (hard breach)

The maximum trailing drawdown is the maximum amount of money that your account can lose before a hard breach occurs. When you initially open your account, the maximum trailing drawdown is set at 6% of your starting balance. Your closed trading balance will follow 6% until you make 6% in profits in your account. The maximum trailing drawdown locks in at your starting balance once you reach the 6% mark and will no longer trail your account.

  • No positions will be open on Fridays after 3:45 PM EST (soft breach)

All trades must be closed by 3:45 PM EST on Friday. Any trades that remain open after this deadline, will close automatically. Please note that this is only a soft breach and trading can resume when the markets reopen. Therefore, with SabioTrade, you can engage in Day Trading (or Intraday Trading), or keep your positions open for multiple days. However, you will not be able to keep them open during weekends.

  • You must make a trade at least once every 30 days (hard breach)

Your SabioTraderoom account is considered inactive or breached if you do not place a trade at least once every 30 days. But you can still view your trading history and past statistics on your SabioDashboard.

* Hard Breach – If you breach either the Daily Loss Limit or Max Trailing Drawdown rule, it is considered a hard breach. If a hard breach occurs, you will not pass the Assessment or you could lose your Funded account.

* Soft Breach – Shut down all trades that have gone against the rule. However, trading can continue in your Assessment or Funded account.

SabioTrade Funded Account

The same rules apply to both the SabioTrade Funded account and the SabioTrade Assessment account. However, with a Funded account, you can potentially earn unlimited profits. After passing the Assessment and submitting your KYC documents, your account should be issued within a period of 24-48 business hours.

If you experience a hard breach in your Funded account, you will still be able to collect the profits that have been made prior to the breach. The account will be closed and you will receive 80% of the profit you made.

When you request your payouts, most of your balance can drop below your starting amount is set to your original balance. The firm will take a share of any profits made at that time if you decide to withdraw your profits. To request your payouts, go to the Profit Share section of your SabioDashboard.

After submitting your request, your funded account will be blocked temporarily while we withdraw your profits and deduct our own. You will get access to your funded account again within 24 hours so you can continue trading as your funds will be deposited into your bank account.

SabioTrade Review | Trading Platform

When utilizing SabioTrade’s free trial, assessment, or funded accounts, you will have the opportunity to access its risk management technology integrated with the QuadCode trading platform. This means that you will be able to easily trade directly from your SabioDashboard. Giving you everything you need for a pleasant and successful trading experience all in one place.

QuadCode determines the trading hours for the products it offers. SabioTrade does not have any influence over these hours and they may be affected by holidays. Furthermore, in compliance with the rule that no trades are held over the weekend, all open trades must be closed by 3:45 pm EST on Fridays.

Free-Trial Period

Traders who want to have a feel of the platform can take advantage of the 7-day trial period offered. They can utilize all of the platform’s features to boost their trading approaches. SabioTrade gives a generous starting balance of $10,000.

Leverage

The amount of leverage you can get depends on the asset. Leverage up currency pairs to 30:1, and leverage of other assets is up to 1:100 or even 1:500. They apply leverage directly to your trade for your ease and convenience.

Educational Resources

Upon signing up, a quick assessment evaluation and comprehensive training are given to traders. SabioTrade equips its traders with free written materials, webinars, and a trading signals app. It covers the basics of trading, fundamental & technical analysis, and more. The platform designs these tools to ease the transition and foster a dynamic trading environment.

SabioTrade Review | Customer Support

At SabioTrade, they strive to uphold the highest levels of user support. It encompasses round-the-clock assistance, detailed and comprehensive analytics, and multilingual customer service. Whether customers need help with technical issues or have questions about the firm’s services, SabioTrade has knowledgeable and friendly customer service representatives available to assist. Customers can get in touch with customer service representatives via phone, email (support@sabiotrade.com), or live chat, allowing them to get the help they need no matter the time of day or night. SabioTrade’s commitment to customer satisfaction ensures that customers feel supported and taken care of.

Is SabioTrade a Legitimate Prop Trading Firm?

SabioTrade is a legitimate prop trading firm that provides a unique and innovative approach to trading. They provide clients with a wide range of services, including market analysis and education, as well as access to a variety of trading platforms. SabioTrade also offers a variety of trading strategies and risk management tools.

SabioTrade Review | Conclusion

Overall, SabioTrade Prop Trading Firm has proven itself to be a reliable and competent trading firm. They have consistently provided excellent services and advice to their clients and have consistently achieved favorable trading outcomes. Their experienced team of traders and support staff are knowledgeable, experienced, and friendly. With a wide range of trading instruments, competitive commission rates, and a secure trading platform, SabioTrade Prop Trading Firm is an excellent choice for investors looking for a reliable and trustworthy trading partner.