Editor’s Verdict
SabioTrade is a proprietary Forex prop firm with a leverage of 30:1 and profit share of up to 90%. Traders can get started with a one-time payment starting from $50 and unlock access to as much as $200,000. SabioTrade stands out for its proprietary platform integrated right into the dashboard — a rare feature that liberates users from addressing third-party platforms. So, is SabioTrade a reliable prop trading firm?
The Pros & Cons of SabioTrade
Traders should consider the pros and cons of SabioTrade. I have summarized the ones that stood out the most during my review.
Overview
Up to 90% profit share with 30:1 leverage for forex and access to up to $200,000.
I like the simplicity and transparency of SabioTrade — the platform is well-suited for traders of all levels. The one-step evaluation process with the challenge of getting 10% profit suits industry standards. Additionally, I appreciate the bevy of free educational materials, ease of payouts, and diversity of assets to trade on in the dashboard-integrated traderoom.
Year Established | 2023 |
|---|---|
Trading Platform(s) | Proprietary platform |
Minimum Evaluation Fee | $50 |
Profit-share | 70% to 90% |
Daily Loss Limit | 3% |
Maximum Trailing Drawdown | 6% |
Funded Account Options | Four |
Minimum Funded Account | $10,000 |
Maximum Funded Account | $200,000 |
SabioTrade Trustworthiness & Reputation
Trading with a Forex prop firm, which is an unregulated business, requires traders to ensure that a trusted brokerage handles all accounts, and that the Forex prop firm maintains an excellent reputation among its prop traders.
Is SabioTrade Legit and Safe?
Even though SabioTrade doesn’t have extended operational experience, the platform recently emerged as a reliable player in the field of proprietary trading, and is rapidly gaining the attention of traders.
SabioTrade is an Irish-based company. It has a 4.3 out of 5.0 rating on Trustpilot based on 42 reviews.
There is transparency in the profit-sharing scheme: no fine print or hidden fees. The conditions are clearly delineated on their website.
On top of that, SabioTrade is an official sponsor of global sporting events — for example, it sponsored young athletes Jasmine Paolini, Jonny O’Mara, and Juan Manuel Cerúndolo at the 2023 Wimbledon finals.
Therefore, I rate SabioTrade as a legit and safe Forex prop trading firm, but I hope it will add more details as it grows and expands.
SabioTrade Features
The most notable features at SabioTrade are:
- A quick one-step assessment period with a profit target of 10%
- Access to liquidity of up to $200,000
- No minimum trading days requirement during the evaluation period
- Leverage of 30:1 on Forex
- A 3% daily loss limit
- A 6% trailing drawdown limit
- Unlimited retries if traders fail to reach the profit target.
- Reliable & fast customer support 24/7
- 250+ assets
- Trading signals
- Instant payouts at any time and in any amount
Evaluation Fees & Profit-Share
SabioTrade offers 4 account versions: $10,000, $50,000, $100,000, and $200,000, with a competitive assessment cost.
The maximum profit share of 90% places SabioTrade close to the top of the industry range, although the $10,000 funded portfolio has a 70% profit share.
The minimum evaluation fee at SabioTrade for a $10,000 account is:
Type of fee | Fee (without discounts) |
|---|---|
One-time evaluation fee for a $10,000 funded account (the smallest one) | $50 |
Hold-over-the-weekend | Not permitted |
Double leverage | Not applicable |
Stop-loss is not required at trade entry. | Not applicable |
Total one-time fees for a $10,000 account | $50 |
Minimum Evaluation Fee | $50 |
|---|---|
Maximum Evaluation Fee | $939 |
Profit-share | 70% to 90% |
Account Types
SabioTrade keeps it simple. Traders can opt for four funded account options with a one-step verification process. SabioTrade asks traders to undergo a rapid training and comprehension check, claiming it takes two days to complete.
There are four different plans to choose from: Standard, Premium, Gold, and Platinum. The main difference is access to funds — $10,000, $50,000, $100,000, and $200,000 respectively – and profit payouts.
What are the Trading Rules at SabioTrade?
The SabioTrade evaluation begins after prospective prop traders choose their preferred evaluation account and pay the evaluation fee. There is no time limit, and all four account choices have a profit target of 10%.
Violating the trading rules results in disqualification, and traders must pay the evaluation fee again to start over.
The trading rules for the SabioTrade Challenge are:
- 3% daily loss limit
- 6% maximum overall loss
- A minimum of one trade every 30 days.
Trading Platforms
SabioTrade is powered by Quadcode, a flexible and user-friendly traderoom integrated straight into the SabioDashboard. This way, SabioTrade creates an industry-unique ecosystem, providing traders with all the specified tools in one place.
The SabioTraderoom offers an advanced trading toolset:
- Over 250 tradable assets
- Simultaneous display of up to 9 charts
- A rich selection of technical indicators, widgets, and price alerts
- Customizable traderoom layout
- Comprehensive trading profile with your transaction history
- Integrated news feed with reliable source aggregations
- Round-the-clock support
MT4 | |
|---|---|
MT5 | |
cTrader | |
Proprietary Platform | |
Scalping |
Education
SabioTrade offers a comprehensive learning experience, including courses taught by professional traders and exclusive video content. All the materials are available directly in the SabioDashboard.
Customer Support
SabioTrade’s support is available 24/7 via e-mail, live chat, and their social media. The FAQ section on the website answers most questions. The company is missing phone support, which I think is key for prop traders.
Support Hours | Undisclosed |
|---|---|
Website Languages |       |
How to Get Started with SabioTrade
Traders can start their journey at SabioTrade by selecting their preferred funded account option from the homepage and clicking “Get funded.” It will load the checkout screen, where traders must provide their e-mail address and confirm it. Traders can also review what they purchase here. Clicking on “Next step” loads the payment screen. Filling out the details and clicking “Place order” completes the process.
Minimum Evaluation Fee
The minimum evaluation fee at SabioTrade is $50 for the $10,000 evaluation challenge.
Payment Methods
SabioTrade works with credit and debit card payments (Visa/Mastercard).
Withdrawal options |   |
|---|---|
Deposit options | |
Accepted Countries
SabioTrade accepts traders resident everywhere except OFAC-listed countries.
How to Pay the Evaluation Fee?
- Go to the home page and click Get funded in the upper right corner.
- Choose one of the four plans – Standard, Premium, Gold, and Platinum – and click Get funded.
- Fill in your email, check that you agree with the terms and conditions, and click Next.
- Fill in your billing information and click Place Order.
Done! Now you’ll have an assessment account and can start aiming for the profit target of 10%.
The Bottom Line - Is SabioTrade a Good Forex Prop Firm?
Although SabioTrade is an emerging prop trading company, it offers several competitive advantages. Sabio has a low entry threshold (from just $50), large accounts up to $200,000 and high payouts of up to 90%.
The modern traderoom is integrated into the dashboard and provides access to a large selection of assets and indicators. SabioDashboard offers exclusive educational resources and free trading signals.
FAQs
Is SabioTrade prop firm legit?
Yes, SabioTrade is a legit company registered in Ireland, with a Trustpilot rating of 4.3.
Which broker does SabioTrade use?
SabioTrade’s platform is powered by Quadcode.
Does SabioTrade allow copy trading?
No, SabioTrade does not allow copy trading.
Where is SabioTrade located?
SabioTrade is registered at 2c, Grangegorman Lower, Smithfield, Dublin, Ireland.