SabioTrade is carving out a unique space in the world of proprietary trading by offering a comprehensive and accessible platform for traders of all levels. This article delves into the key features, benefits, and evaluation process of SabioTrade, highlighting why it stands out among prop trading firms.
What is SabioTrade?
SabioTrade is a proprietary trading firm that provides traders with access to significant trading capital after they pass an evaluation process. This model is particularly appealing to skilled traders who may not have the personal funds to trade at higher levels but possess the expertise to generate substantial profits.
Key Features of SabioTrade
One-Step Evaluation Process:
- Profit Target: Traders must achieve a 10% profit target without any time constraints. This flexible approach allows traders to demonstrate their skills without the pressure of a ticking clock .
- Risk Management: Adherence to risk management rules is crucial. These include a 3% daily loss limit and a 6% maximum trailing drawdown, ensuring that traders maintain disciplined risk management practices .
Profit Payout Structure:
- Profit Share: Depending on the account size, traders can receive between 70% and 90% of the profits. For example, a $10,000 account has a 70% profit share, while a $200,000 account offers a 90% profit share ).
- Fee Structure: Traders pay a one-time evaluation fee, which is refundable if they pass the evaluation. This fee ranges from $50 for a $10,000 account to $939 for a $200,000 account .
Trading Platform and Tools:
- Proprietary Platform: SabioTrade’s platform is integrated with the SabioDashboard, offering over 100 technical indicators, trading signals, and comprehensive account analysis. Although a mobile app is not available yet, the web platform provides a robust trading experience .
- Educational Resources: The firm provides extensive educational materials, including video tutorials, webinars, and a free trial account for beginners to practice and hone their skills .
Customer Support:
- 24/7 Availability: SabioTrade offers continuous support through live chat and email. This ensures that traders can get assistance whenever needed, although phone support is not available .
- 24/7 Availability: SabioTrade offers continuous support through live chat and email. This ensures that traders can get assistance whenever needed, although phone support is not available .
The Evaluation Process
The evaluation process at SabioTrade is designed to test a trader’s ability to generate profits while adhering to strict risk management rules. Here’s a step-by-step overview:
Sign Up and Fee Payment:
- Traders register on the SabioTrade platform and pay a one-time evaluation fee, which varies based on the desired account size .
Receive Assessment Account:
- After registration, traders are provided with an assessment account where they must achieve a 10% profit target without breaching the risk management rules .
Risk Management Rules:
- Daily Loss Limit: Traders must not exceed a 3% daily loss limit.
- Maximum Trailing Drawdown: The maximum trailing drawdown is set at 6%, which locks in after the trader makes a 6% profit.
- Weekend Rule: All positions must be closed by Friday at 3:45 PM EST.
- Trading Activity: Traders must place at least one trade every 30 days to keep their account active .
Passing the Evaluation:
- Upon achieving the profit target and complying with all rules, traders submit their KYC documents. After verification, they receive a funded account within 24-48 hours .
Benefits of Trading with SabioTrade
- No Time Pressure: Traders can take as long as needed to meet the profit target, reducing stress and allowing for better decision-making .
- High Profit Potential: With profit shares up to 90%, traders have the opportunity to earn substantial returns on their trading activities .
- Robust Educational Support: Comprehensive resources and a supportive community help traders improve their skills and succeed in the evaluation process .
- Transparency and Fairness: SabioTrade’s clear rules and transparent fee structure ensure that traders know exactly what to expect and can focus on trading .
SabioTrade is an attractive option for both novice and experienced traders looking to access significant trading capital and maximize their profit potential. Its one-step evaluation process, high profit shares, robust platform, and strong support system make it a standout choice in the proprietary trading space. Whether you are a beginner eager to learn or a seasoned trader seeking more capital, SabioTrade offers the tools and opportunities to help you succeed.
SabioTrade has several key trading rules that traders must follow during their evaluation and when managing a funded account. These rules ensure disciplined trading and effective risk management. Here’s a detailed list:Daily Loss Limit:
- Traders must not exceed a 3% loss in a single day. This limit is based on the previous day’s end-of-day balance. If a trader breaches this limit, it constitutes a violation of SabioTrade’s policies .
Maximum Trailing Drawdown:
- The maximum trailing drawdown is set at 6% of the initial account balance. This drawdown percentage trails the trader's closed trading balance until a 6% profit is made. After reaching this profit level, the maximum drawdown locks in and no longer trails the account .
Flatten on Fridays Rule:
- All open positions must be closed by Friday at 3:45 PM EST. SabioTrade does not allow traders to hold positions over the weekend, although positions can be held for several working days .
Minimum Trading Activity:
- Traders are required to place at least one trade every 30 days. Failure to do so will result in the account being deleted, as this is considered a hard breach of SabioTrade’s rules .
Adherence to Leverage Limits:
- The leverage provided is up to 1:30 for Forex trading and up to 1:100 for trading indices. Traders must adhere to these leverage limits to avoid excessive risk .
Compliance with SabioTrade’s Platform Rules:
- Trading must be conducted within the guidelines and operating hours defined by the QuadCode trading platform used by SabioTrade. This includes adhering to all technical and operational rules set by the platform .
No Commissions and Trading Fees:
- SabioTrade does not charge any commissions or trading fees. This allows traders to focus purely on their trading strategies without worrying about additional costs .
Educational and Support Resources:
- While not a strict trading rule, traders are encouraged to utilize the educational resources and 24/7 support provided by SabioTrade. These resources include video tutorials, webinars, and comprehensive customer support to help traders succeed .
These rules are designed to foster disciplined trading practices and protect both the traders and the firm’s capital. By adhering to these guidelines, traders can maximize their chances of success and secure a funded account with SabioTrade SabioTrade's evaluation fees vary depending on the size of the funded account you are aiming for. Here is a breakdown of the fees for different account sizes:
- $10,000 Account: $50
- $25,000 Account: $200
- $50,000 Account: $439
- $100,000 Account: $689
- $200,000 Account: $939
These fees are a one-time payment required to participate in the evaluation process. Notably, the evaluation fee is refundable if the trader successfully passes the evaluation and meets the profit target and risk management rules .
By paying this fee, traders gain access to the assessment account where they must demonstrate their trading skills and adherence to SabioTrade’s rules. If successful, traders can then receive a funded account and start trading with the firm’s capital. SabioTrade's refund policy primarily focuses on the evaluation fees paid by traders. The key aspects of the refund policy are as follows:
Refund on Successful Evaluation:
- If a trader successfully passes the evaluation process by meeting the 10% profit target and adhering to all risk management rules, SabioTrade refunds the evaluation fee. This refund is processed after the trader has been verified and granted a funded account .
Conditions for Refund:
- The refund is contingent upon the trader not violating any of the trading rules during the evaluation period. This includes maintaining the daily loss limit, not exceeding the maximum trailing drawdown, and adhering to the weekend position closure rule .
No Refund for Failed Evaluations:
- If a trader fails to meet the profit target or violates any of the risk management rules, the evaluation fee is not refundable. This is standard practice to ensure traders are committed and serious about the evaluation process .
Process and Timeline:
- Refunds for successful evaluations are typically processed within a specified period after the trader has been verified and a funded account has been assigned. The exact timeline may vary, but it usually occurs within 24-48 hours after account verification .
In summary, SabioTrade’s refund policy is designed to reward traders who successfully demonstrate their trading skills and adhere to the firm’s rules by refunding their evaluation fees. However, those who do not pass the evaluation or violate the rules will not receive a refund. This approach incentivizes careful and disciplined trading during the evaluation process.Signing up for SabioTrade involves a few straightforward steps. Here’s a detailed guide to get you started:
Step-by-Step Sign-Up Process
Visit the SabioTrade Website:
- Go to the official SabioTrade website. Ensure that you are on the correct site to avoid any phishing scams.
Create an Account:
- Look for the "Sign Up" or "Get Started" button on the homepage and click on it.
- Fill in the required personal information, such as your name, email address, and password. You may also need to verify your email address by clicking on a link sent to your email.
Select an Evaluation Plan:
- After creating your account, log in and navigate to the section where you can choose an evaluation plan.
- Select the account size you want to trade with (e.g., $10,000, $25,000, $50,000, $100,000, $200,000). The evaluation fee varies based on the account size.
Pay the Evaluation Fee:
- Complete the payment for the chosen evaluation plan. SabioTrade accepts various payment methods, so choose the one that is most convenient for you.
- Fees range from $50 for a $10,000 account to $939 for a $200,000 account .
Receive Assessment Account Credentials:
- Once the payment is confirmed, you will receive credentials for your assessment account. These details will allow you to log into the trading platform provided by SabioTrade.
Start Trading:
- Log into the trading platform with your assessment account credentials.
- Begin trading with the goal of reaching the 10% profit target while adhering to SabioTrade’s risk management rules (e.g., 3% daily loss limit, 6% maximum trailing drawdown).
Complete KYC Verification:
- If you successfully meet the profit target and follow all the rules, you will need to complete a Know Your Customer (KYC) verification. This process typically involves submitting identification documents and proof of address.
Receive Funded Account:
- After passing the KYC verification, you will be granted a funded account within 24-48 hours.
- You can then start trading with the firm's capital and earn a share of the profits based on your account size and performance.
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- Familiarize Yourself with the Platform: Take time to understand the features and tools available on the SabioTrade trading platform.
- Adhere to Risk Management Rules: Carefully follow the daily loss limits and drawdown rules to avoid disqualification.
- Utilize Educational Resources: Leverage the video tutorials, webinars, and other educational materials provided by SabioTrade to enhance your trading skills .
By following these steps, you can smoothly sign up for SabioTrade, complete the evaluation, and potentially secure a funded trading account. SabioTrade offers various withdrawal options designed to be flexible and convenient for traders. Here are the key details about SabioTrade’s withdrawal options:
Frequency and Amount:
- SabioTrade allows traders to withdraw their earnings without restrictions on the amount or frequency of withdrawals. This means traders can request withdrawals as often as they need and for any amount .
Processing Time:
- Withdrawal requests are typically processed quickly, often within 24 hours. This swift processing time ensures that traders have prompt access to their funds.
Methods of Withdrawal:
- While specific withdrawal methods are not explicitly detailed, proprietary trading firms like SabioTrade usually offer common options such as bank transfers, credit/debit card withdrawals, and electronic payment systems like PayPal or Skrill. The exact methods available may depend on the trader’s location and the firm’s payment processing partners.
No Additional Charges:
- SabioTrade does not impose additional charges or fees for withdrawals. This policy helps traders maximize their profits without worrying about extra costs eating into their earnings .
Profit Share:
- Traders receive a share of the profits based on the size of their funded account. For example, a trader with a $10,000 account receives 70% of the profits, while a trader with a $200,000 account receives 90% .
Steps for Withdrawing Funds
Log into Your Account:
- Access your SabioTrade account through the trading platform or dashboard.
Navigate to the Withdrawal Section:
- Find the section dedicated to withdrawals. This is usually labeled clearly within the account management or financials area of the platform.
Enter Withdrawal Details:
- Provide the necessary details for your withdrawal request. This includes the amount you wish to withdraw and the preferred method of receiving the funds.
Submit the Request:
- After entering all required information, submit your withdrawal request. Ensure all details are accurate to avoid any delays.
Confirmation and Processing:
- You will receive a confirmation of your request. The funds will typically be processed and transferred within 24 hours.
By offering fast, flexible, and fee-free withdrawal options, SabioTrade ensures that traders can efficiently access their earnings and enjoy the profits from their trading activities. For more specific information or to confirm the exact withdrawal methods available, it is advisable to check directly with SabioTrade’s customer support or refer to their official guidelines .
SabioTrade offers a variety of educational resources aimed at helping traders improve their skills and succeed in the evaluation process. Here are some of the key educational tools and materials provided:Video Tutorials:
- SabioTrade offers a series of video tutorials covering various aspects of trading. These videos are designed to help traders understand the basics of the platform, trading strategies, and risk management techniques .
Webinars:
- Regular webinars are conducted by experienced traders and industry experts. These live sessions provide insights into advanced trading strategies, market analysis, and real-time trading scenarios. Webinars also offer an interactive platform for traders to ask questions and get instant feedback .
Trading Signals and Indicators:
- The SabioTrade platform includes over 100 technical indicators and trading signals. These tools help traders make informed decisions by providing data-driven insights and trend analysis. The indicators can be customized to fit different trading strategies and preferences .
Educational Articles and Guides:
- A library of educational articles and guides is available to traders. These resources cover a wide range of topics from basic trading principles to complex market theories. They are designed to cater to both novice and experienced traders .
Demo Account:
- SabioTrade offers a free trial account that allows traders to practice trading without risking real money. This demo account is a valuable tool for beginners to familiarize themselves with the trading platform and for experienced traders to test new strategies .
Community Support:
- SabioTrade fosters a community of traders who can share insights, strategies, and support each other. This community aspect provides an additional layer of learning through peer interaction and shared experiences .
Customer Support:
- 24/7 customer support is available to assist traders with any questions or issues they may encounter. While not strictly an educational resource, access to prompt support can help traders quickly resolve problems and continue learning without interruption .
By offering these diverse educational resources, SabioTrade ensures that traders have the knowledge and tools necessary to improve their trading skills, adhere to evaluation rules, and succeed in obtaining a funded account.
- Upon achieving the profit target and complying with all rules, traders submit their KYC documents. After verification, they receive a funded account within 24-48 hours .
