With the rise of proprietary trading firms offering skilled traders opportunities to scale their trading efforts, SabioTrade has emerged as one of the newer, competitive players in the industry. Known for its 90% profit split and accessible evaluation process, SabioTrade has gained attention for its flexibility and high earning potential for traders. In this comprehensive review, The Finance Post delves into the key features, advantages, and potential drawbacks of SabioTrade to help you determine if this firm is the right fit for your trading career.
What is SabioTrade?
SabioTrade is a proprietary trading firm that offers traders the ability to manage larger capital after completing a two-step evaluation process. SabioTrade focuses on providing a trader-centric environment, where users can earn up to 90% profit from their trades. The firm is designed to cater to both new and experienced traders, offering flexible trading conditions and a clear, straightforward evaluation process that ensures traders can qualify for funding without unnecessary restrictions.
Founded recently, SabioTrade has gained traction due to its transparency, fast payouts, and competitive funding options. Traders can access account sizes ranging from $10,000 to $200,000 and can scale their accounts based on performance.
SabioTrade Evaluation Process
The backbone of any proprietary trading firm is its evaluation process, and SabioTrade is no exception. Like most firms, SabioTrade requires traders to pass an evaluation before they can access live funded accounts. The process is structured into two distinct phases.
Phase 1: SabioTrade Challenge
The first phase, known as the SabioTrade Challenge, requires traders to hit a profit target of 8% while adhering to strict risk management rules. During this phase, traders are required to keep their daily losses below 5% and their overall losses under 10%. These risk parameters are designed to ensure that only disciplined and capable traders can progress to the next phase.
What sets SabioTrade apart from some competitors is the flexibility it offers. There are no minimum trading day requirements, allowing traders to complete the challenge at their own pace. Whether you prefer to trade actively every day or wait for the perfect setup, SabioTrade gives you the freedom to approach the market in your own way.
Phase 2: Verification
Once traders complete the Challenge, they move on to the Verification phase, where the profit target is reduced to 5%. The same risk management rules apply: 5% maximum daily loss and 10% overall loss limit.
This phase is designed to verify that the trader can maintain consistency over a longer period, ensuring that they can handle market conditions without taking on excessive risk. After successfully passing both phases, traders receive access to a funded account and can begin trading with real capital.
Funded Accounts and Profit Split
SabioTrade offers traders access to $10,000 to $200,000 in capital, depending on the account size chosen during the evaluation process. For traders who consistently perform well, there is a scaling plan that allows them to increase their account size over time, rewarding successful traders with more capital.
One of the most attractive features of SabioTrade is its 90% profit split, which is among the highest in the industry. This allows traders to keep the majority of their earnings, making SabioTrade a great option for those looking to maximize their profits.
Trading Platforms and Instruments
SabioTrade provides access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both of which are industry standards known for their advanced charting tools, customizable indicators, and robust trading capabilities. Whether you’re a seasoned professional or a beginner, MT4 and MT5 offer the features and flexibility you need to succeed in the markets.
Traders at SabioTrade can access a wide range of trading instruments, including:
- Forex (major, minor, and exotic currency pairs)
- Commodities (such as gold, silver, and oil)
- Indices (US30, NAS100, GER30, and more)
- Cryptocurrencies (Bitcoin, Ethereum, and other major cryptocurrencies)
This broad selection of assets ensures that traders have plenty of opportunities to find trades across various markets, regardless of their preferred trading style.
Leverage and Risk Management
SabioTrade offers leverage of up to 1:100, which is in line with industry standards and provides ample opportunity for traders to maximize their returns. However, with high leverage comes the need for careful risk management, and SabioTrade enforces strict rules to help traders avoid significant losses.
The firm imposes a maximum daily loss limit of 5% and an overall loss limit of 10%, ensuring that traders stay within acceptable risk parameters. While these rules may seem restrictive, they are designed to protect both the trader and the firm from excessive risk.
Key Features of SabioTrade
- 90% Profit Split: One of the highest in the industry, allowing traders to keep most of their earnings.
- Flexible Evaluation Process: No minimum trading day requirements, giving traders the freedom to approach the evaluation at their own pace.
- Wide Range of Tradable Instruments: Access to Forex, commodities, indices, and cryptocurrencies.
- Advanced Trading Platforms: MT4 and MT5 are supported, providing a user-friendly and feature-rich trading experience.
- Fast Payouts: SabioTrade is known for processing payouts within 3 to 5 business days, ensuring that traders receive their funds promptly.
Payouts and Withdrawals
SabioTrade offers a straightforward and transparent payout process. Traders can request payouts every 14 days, which is competitive within the prop trading industry. Once a payout is requested, funds are processed within 3 to 5 business days and can be withdrawn via several payment methods, including bank transfers, cryptocurrencies, and electronic wallets.
This fast and reliable payout system is one of the reasons why SabioTrade has gained positive feedback from its users.
Customer Support and Educational Resources
SabioTrade prides itself on offering 24/7 customer support through various channels, including live chat, email, and phone. This ensures that traders can get assistance whenever they need it, whether it’s a technical issue or a question about the evaluation process.
Additionally, SabioTrade provides a variety of educational resources to help traders improve their skills. These resources include webinars, market analysis, and trading tutorials, which are designed to equip traders with the knowledge and tools they need to succeed in the markets.
Conclusion: Is SabioTrade the Right Prop Firm for You?
SabioTrade offers a compelling package for traders who are looking for flexibility, high-profit potential, and a fast-paced trading environment. With a 90% profit split, access to advanced trading platforms, and a wide range of tradable instruments, the firm provides traders with the tools they need to succeed.
While the strict risk management rules may be a challenge for some, they are designed to protect traders from significant losses and ensure long-term profitability. The fast payouts and comprehensive support system further enhance SabioTrade’s appeal, making it a solid choice for both new and experienced traders alike.
At The Finance Post, we believe that SabioTrade is a strong contender in the proprietary trading space, especially for traders who prioritize profit splits and flexible trading conditions. If you’re looking for a firm that offers substantial earning potential and a supportive trading environment, SabioTrade may be the right fit for you.
If you’re ready to get started, visit the SabioTrade website and sign up for your evaluation today.