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Sabiotrade Review 2024

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Sabiotrade Review 2024
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Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:SabioTrade
Founded:2022
Headquarter:Dublin, Ireland
Min Price:$119
Max Fund:$200,000
Challenges:1
About
SabioTrade is a well-known Ireland-based prop trading platform that allows users to trade over 250 instruments in various markets and get funded up to $200k. SabioTrade maximum profit split and leverage are 90% and 1:30.
Contact
2c, Grangegorman Lower, Smithfield, Dublin, Ireland
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
No minimum trading days
Extensive educational resources through Sabio Academy
High profit split (up to 90%)
Access to over 250 trading assets
Weekly payouts
Cons
Low maximum drawdown
Relatively high challenge prices

SabioTrade is a well-established prop firm based in Dublin, Ireland, that funds successful traders up to $200k with a 90% maximum profit split. This platform offers various tariffs, starting from $119 to $939, so traders can choose the evaluation that best suits their budget and trading goals.

In this complete review, we'll explore Sabiotrade's offerings, from its unique features to its trading conditions.

SabioTrade prop firm review
SabioTrade review for beginner and professional traders

SabioTrade Company Overview

SabioTrade is a cutting-edge proprietary trading firm that's changing the way traders access capital and develop their skills. With a focus on empowering traders of all levels, SabioTrade offers a range of features that set it apart from the competition. Let's give you some basic information about this platform:

  • Based in Dublin, Ireland
  • Founded by Aziz Rahimtoola
  • Funded accounts ranging from $20,000 to $200,000
  • Challenge prices ranging from $119 to $939

Whether you're a beginner looking to kickstart your trading career or an experienced trader seeking to scale your profits, SabioTrade provides the tools, resources, and capital you need to succeed in the world of financial markets.

SabioTrade Prop Firm Summary of Specifications

Let's break down the key specifications that make SabioTrade stand out:

Account currency

USD

Minimum price

$119

Maximum leverage

1:30

Maximum profit split

90%

Instruments

Forex, metals, stocks, crypto

Assets

EUR/USD, gold, AAPL, BTC

Evaluation steps

1-phase

Trading platform

Propriety platform

Withdrawal methods

Bank wired

Maximum fund size

$200k

First profit target

10%

Maximum daily loss

5%

Challenge time limit

Unlimited

News trading

Yes

Maximum total drawdown

6%

Commission per round lot

N/A

Trust pilot score

4.3 out of 5

Payout frequency

Weekly

Established country

Ireland

Established year

N/A

SabioTrade Pros & Cons

Let's weigh the advantages and disadvantages of trading with SabioTrade:

Benefits

Drawbacks

Extensive educational resources through Sabio Academy

Relatively high challenge prices

Access to over 250 trading assets

Low maximum drawdown

Weekly payouts

High profit split (up to 90%)

No minimum trading days

SabioTrade Prop Firm Funding and Challenge Price

Sabiotrade's funding program, known as the One-step Evaluation, is designed to be straightforward and achievable. Here are the various account sizes and their prices:

Account size

$20k

$50k

$100k

$200k

Price

$119

$289

$479

$939

SabioTrade offerings enable traders to choose the best account type that suits their trading needs and experience.

SabioTrade challenges
SabioTrade offers 4 different challenges, including Essential, Plus, Advanced, and Ultimate

SabioTrade Prop Firm Evaluation Details

The evaluation process at Sabiotrade is designed to be easy to understand even for beginner traders:

Account size

$20k

$50k

$100k

$200k

Profit target

10%

Daily loss limit

5%

Maximum trailing drawdown

6%

Maximum leverage

1:30

Minimum trading days

0

Payout frequency

Weekly

Profit split

80%

90%

Price

$119

$289

$479

$939

Although the SabioTrade challenge structure is simple, passing them is quite challenging and ensures only skilled traders can pass them.

SabioTrade Prop Firm Evaluation
SabioTrade has a transparent 1-step evaluation process

It's worth mentioning that SabioTrade also has pro plans that offer fixed initial balance accounts for traders who need vast amounts of education resources to learn everything about prop trading.

SabioTrade Pro accounts
SabioTrade Pro plan features

SabioTrade Prop Bonuses and Discounts

SabioTrade regularly offers special promotions on their social media pages, including Instagram and Facebook, making their services even more attractive. This platform offers a limited offer to save 22% on SabioTrade Pro to learn and execute prop firm trading secrets from professional mentors at a discounted price.

Instruments & Symbols Available to Trade on SabioTrade

Sabiotrade offers a diverse range of over 250 trading instruments:

  • Forex: Major, minor, and exotic currency pairs
  • Stocks: US, European, and Asian equities
  • Commodities: Gold, silver, oil, natural gas, and more
  • Indices: S&P 500, NASDAQ, FTSE 100, DAX, and others
  • ETFs: Various sector and market-specific exchange-traded funds
  • Cryptocurrencies: Bitcoin, Ethereum, and other popular digital assets

This wide selection allows traders to diversify their portfolios and take advantage of opportunities across multiple markets.

SabioTrade Prop Firm Payment Methods

Sabiotrade supports a variety of payment methods for deposits, including:

  • Credit/Debit Cards: Visa, Mastercard, American Express
  • Cryptocurrencies: Bitcoin, Ethereum, and other major coins
  • Google and Apple Pay

Unfortunately, SabioTrade only offers bank-wired withdrawals, which is a major drawback for this platform.

Sabiotrade Prop Commission & Costs

Sabiotrade prides itself on transparent and competitive pricing:

  • One-time evaluation fee (refundable with the first payout)
  • No hidden commissions on trades
  • Competitive spreads starting from 1.3 pips on major Forex pairs
  • Overnight fees apply for positions held beyond the trading day
  • No withdrawal fees (third-party fees may apply)

Sabiotrade Trust Scores

SabioTrade has earned an impressive reputation among its users:

Source

Score

Link

Trustpilot

4.3/5

SabioTrade rating in Trustpilot

Reviews.io

4.3/5

SabioTrade score in Reviews.io

These strong trust scores reflect Sabiotrade's commitment to providing a reliable and trustworthy trading environment.

SabioTrade Trustpilot score
SabioTrade has an impressive 4.3 score in Trustpilot website

Sabiotrade Prop Customer Support

Sabiotrade offers comprehensive customer support to ensure traders have the assistance they need:

  • live chat: Available on Traderoom
  • Email support: Support@sabiotrade.com
  • Discord support: Community forums for peer-to-peer support
  • Instagram and Facebook support: Contact SabioTrade support in DM's

Sabiotrade Prop Social Media Channels

Stay connected with Sabiotrade through their active social media presence:

  • Discord: https://discord.com/invite/hgMTA62ZET
  • Telegram: https://t.me/sabiotrade
  • Facebook: https://www.facebook.com/sabiotrade/
  • Twitter: https://x.com/sabiotrade
  • Instagram: https://www.instagram.com/sabiotrade/

Engaging with Sabiotrade's social media channels provides additional resources and keeps you connected with the trading community.

TF Expert Suggestion

As an Ireland-based prop firm, Sabiotrade stands out as a comprehensive solution that combines generous funding (up to $200k), extensive education through SabioTrade Academy, and a supportive community.

With its transparent rules, including 10% profit target, 5% maximum daily loss, and 6% maximum trailing drawdown SabioTrade ensures only professional traders that can make sustainable profits can the pass challenges.

Ultimately, You should decide whether SabioTrade is suitable to your needs by comparing its offerings with other prop trading platforms.

FAQs

How long does it take to get funded with SabioTrade?

There's no time limit on the evaluation phase. You can get funded as soon as you meet the profit target while following the rules.

Can I trade on weekends with SabioTrade?

Yes, SabioTrade allows holding positions over weekends, offering more flexibility in your trading.

What happens if I violate the trading rules during evaluation?

Violating rules like the daily loss limit will result in the evaluation being terminated. 

How often can I withdraw profits from my funded account?

SabioTrade offers weekly payouts, allowing for consistent cash flow for successful traders.

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