Sabio Trade Review 2024

Traders Funding Up To $200K

Today, we're examining SabioTrade, a new prop trading firm that's been gaining a ton of traction lately. Why so? When you stack them up against other similar services, Sabio often comes out on top in terms of price, offers, and tech.

Let's find out what SabioTrade is all about and whether it's the right fit for you.

Prop Trading VS CFD Trading — What’s The Difference?

Technically, there’s not much of a difference — except prop traders don't use their own money, but rather trade with funds provided by the company. In return, the firm takes a slice of the profits while taking all the risks.??

Some of you might think breaking into prop trading is next to impossible. In fact, not at all. Sure, there's an assessment process to prove your skills, but it's not as difficult as it sounds. For example, at SabioTrade, it’s just a 1-step challenge with no time limits and realistic profit targets.

What's SabioTrade?

SabioTrade is a prop trading ecosystem with funded accounts ranging from $20,000 to $200,000. You can buy one of four tariffs starting from $119 (watch out for discounts — they often drop coupons and promo codes!) and cash out up to 90% of your profits.?

SabioTrade sweetens the deal with free education, leverage ranging from 3:1 to 100:1, round-the-clock multilingual support, and nifty trading tools.

What's Inside SabioTrade?

SabioTraderoom

As we mentioned, SabioTrade is an ecosystem — it includes a trading platform where you execute deals, which is integrated into the dashboard where you can track your prop trading progress: profit targets, rule breaches, payouts, etc.?

SabioDashboard

As for the trade room, it’s not your classic MetaTrader but a modern proprietary solution delivered by Quadcode, a famous trading software developer that powers many reputable brokers in the market. What difference does it make?

• Customizable UI — you can configure your charts, background, notifications, and whatnot;
• Gamified interface with useful tooltips and simple navigation;
• In-built technical indicators (over 100), newsfeed, and calendars;
• Price alerts and useful widgets;
• Over 250 assets (Forex, stocks, crypto, commodities, indices, and ETFs).

How to Become a Sabio Trader?

• Buy a tariff

This is a one-time (and the only) payment you make. Essentially, you’re buying the right to pass the assessment. This fee is refundable in case of success. You can choose from 4 assessment tiers.

Funding

Standard $20K

Premium $50K

Gold $100K

Platinum $200K

Choose a plan

• Pass the assessment challenge?

While most prop firms require 2 or even 3-step assessments, Sabio goes with just one. You won’t be limited in time: pass the challenge for as long as you want, with no minimum trading days.?

Your goals are:

• Meet the 10% profit target;?
• Don’t breach the rules: 6% trailing drawdown, 3-5% max. daily loss.

• Get a funded account, trade, and withdraw profit

If you nail the assessment, Sabio will grant you access to the live account with real money. From here, all you need to do is trade in profit, meet the targets month after month, and get 80-90% of your gains depending on the tariff.?

You can make withdrawals anytime in any amount to your credit/debit card or via the wire.?

If you fail to pass the assessment, you lose the assessment cost but owe the firm nothing — all risks are covered, and you are free to try again with a new account anytime.?

SabioTrade’s Education

Doubting your skills and not sure you can nail that assessment? SabioTrade runs a free boot camp featuring live trading and Q&A sessions with seasoned traders, weekly webinars, daily Telegram insights, and free educational materials. Also, you can opt for a 7-day trial account. And if you have questions, the 24/7 multilingual support team is lightning-fast with their replies.

Room for Improvement

Unfortunately, SabioTrade’s mobile app is still in development, so as of March 2024, you can only trade on desktop/web. However, the web version works on mobile devices, so if you need to trade on the go, you sure can.

Also, if you want to trade high-risk instruments like options, Sabio is not your stop. Yet, they offer an impressive range of other assets to choose from.?

The Bottom Line

SabioTrade is a top-notch platform catering to underfunded traders who want to trade big but prefer not to get into debt or believe life’s too short to grow micro-accounts for years.?

With funding from $20K to $200K and 80-90% profit-sharing scheme, you can start making a sufficient monthly income from trading due to the increased investments. A User-friendly interface, diverse assets, free educational resources, and low assessment fees (about 0,5% of the actual account cost) make SabioTrade a unique proposition for those looking to level up their trading without breaking the bank.

Get funded by SabioTrade

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