SabioTrade Review (30% discount code: FPX)
4.3

SabioTrade Review (30% discount code: FPX)

SabioTrade offers a program that provides traders with capital, allowing them to trade on behalf of the company and earn a share of the profits. Traders can potentially earn significant returns and have the flexibility to manage accounts with balances of up to $200,000 without being exposed to any financial risk.
Home » SabioTrade Review (30% discount code: FPX)
Pros
  • Excellent Trustpilot Rating of 4.3/5
  • One-step Evaluation Program
  • Free Trial
  • Professional Trader Dashboard
  • A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Stocks, ETFs, Cryptocurrencies)
  • No Minimum & Maximum Trading Day Requirements
  • No Commission Fees
  • First Payout Upon Making a Profit
  • Profit Share of 80% up to 90%
  • Overnight Holding Allowed
  • News Trading Allowed
Cons
  • Trailing Maximum Drawdown
  • No Available Scaling Plan
  • Monthly Payouts

SabioTrade follows an initiative of providing traders with capital so they can trade on their behalf with an opportunity to earn based on the generated profits. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive up to 90% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, stocks, ETFs, and cryptocurrencies.

Who are SabioTrade?

SabioTrade is a proprietary trading firm with the legal name CODEVIL IT ENGINEERING LIMITED that was incorporated on the 21st of October, 2020. They are located in Dublin, Ireland. SabioTrade provides traders with the opportunity to choose between a single two-step evaluation while being partnered with QuadCode, a tier-1 liquidity provider with the best simulated real market trading conditions as their broker.

SabioTrade’s headquarters are located at 2c, Grangegorman Lower, Smithfield, Dublin, Ireland.

Funding Program Options

SabioTrade provides its traders with a single funding program option.

One-step Evaluation

SabioTrade’s One-step Evaluation provides traders with the opportunity to manage account sizes ranging from $20,000 up to $200,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The One-step Evaluation allows you to trade with leverage up to 1:30.

Account SizePrice
$20,000$119
$50,000$289
$100,000$479
$200,000$939

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 3% maximum daily loss or 6% maximum trailing loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to funded status, you are only required to reach the 10% profit target without breaching the maximum daily or maximum trailing loss limit rules.

By completing the evaluation phase, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 3% maximum daily loss and 6% maximum trailing loss rules. Your first payout can be on day one if you manage to generate a profit, while all other withdrawals can be submitted on a monthly basis. Your profit split will be 80% or 90% if you choose the Platinum account based on the profit you make on your funded account.

One-step Evaluation Scaling Plan

The One-step Evaluation doesn’t have a scaling plan.

One-step Evaluation Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a customizable maximum daily loss of 3%.
  • Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 6%.

What Makes SabioTrade Different From Other Prop Firms?

SabioTrade differs from most industry-leading prop firms due to offering a single account type, a one-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, a high starting profit split of up to 90%, a free trial feature allowing you to test the trading conditions, and affordable evaluation prices compared to the industry average.

SabioTrade’s One-step Evaluation is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 10%, with a 3% maximum daily and 6% maximum trailing loss rules. You also have no minimum or maximum trading day requirements during the evaluation phase. The One-step Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the One-step Evaluation stands out mainly for having an unlimited trading period, no minimum trading day requirements, a high starting profit split of up to 90%, and affordable evaluation prices compared to the industry average.

Example of comparison between SabioTrade & Funded Trading Plus

Trading ObjectivesSabioTradeFunded Trading Plus
Profit Target10%10%
Maximum Daily Loss3%4%
Maximum Loss6% (Trailing)6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% (90% on Platinum Account)80% up to 100%

Example of comparison between SabioTrade & Funding Pips

Trading ObjectivesSabioTradeFunding Pips
Profit Target10%12%
Maximum Daily Loss3%4%
Maximum Loss6% (Trailing)6%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% (90% on Platinum Account)80% up to 90%

Example of comparison between SabioTrade & Blue Guardian

Trading ObjectivesSabioTradeBlue Guardian
Profit Target10%10%
Maximum Daily Loss3%4%
Maximum Loss6% (Trailing)6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% (90% on Platinum Account)85%

In conclusion, SabioTrade differs from other industry-leading prop firms by offering a single account type, a one-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, a high starting profit split of up to 90%, a free trial feature allowing you to test the trading conditions, and affordable evaluation prices compared to the industry average.

Is Getting SabioTrade Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

  • Receiving capital from the One-step Evaluation is realistic primarily due to its average profit target of 10% coupled with average maximum loss rules (3% maximum daily and 6% maximum trailing loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 80% or 90% if they choose the Platinum account.

After considering all the factors, SabioTrade is highly recommended since you have a single funding program to choose from, which features realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

SabioTrade is a proprietary trading firm that was incorporated on the 21st of October, 2020. They have a large community of traders who have reached funded status and successfully qualify for a profit split.

While working with SabioTrade and reaching funded status One-step Evaluation, you will be eligible to receive your first payout on day one if you manage to generate a profit. However, after your first payout, you will be eligible to receive payouts if you exceed the initial account size every 30 calendar days. Your profit split will consist of a generous 80% or 90% if you choose the Platinum account based on the profit that you have generated on your funded account.

When it comes to SabioTrade payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof for SabioTrade is their Discord channel, where you can find numerous payout certificates of their most successful traders.

Examples of Payout Certificates and Payment Proof can be seen in the images below.

Which Broker Does SabioTrade Use?

SabioTrade is partnered with QuadCode, a tier-1 liquidity provider with the best simulated real market trading conditions as their broker.

As for trading platforms, while you are working with SabioTrade, they allow you to trade on a unique QuadCode Platform.

Trading Instruments

As mentioned above, SabioTrade is partnered with QuadCode, a tier-1 liquidity provider with the best simulated real market trading conditions, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, stocks, ETFs, and cryptocurrencies with a leverage of up to 1:30, depending on the trading instrument that you are trading.

Forex Pairs

EUR/USDEUR/GBPGBP/JPYEUR/JPYGBP/USDUSD/JPY
AUD/CADNZD/USDUSD/CHFAUD/USDUSD/CADAUD/JPY
GBP/CADGBP/CHFEUR/CADCHF/JPYCAD/CHFEUR/AUD
EUR/NZDUSD/ZARAUD/CHFAUD/NZDEUR/CHFNZD/CAD
NZD/JPYEUR/NOKCHF/NOKEUR/ZARNOK/JPYNZD/CHF

Commodities

XAU/USDUKO/USDUSO/USD

Indices

US500US100US30US2000SP35
UK100JP225HK33GER30FRA40
EU50AU200

Stocks

ADSdALVdBAYNdBMWdCBKdCONd
DBKdLHAdDPWdDTEdEOANdMRKd
SIEdVOWGENImPIRCmPSTmTITm
UCGmSANeBBVAeTEFeAIRpHEIOa
OrpAMZNAAPLBIDUCSCOFB
GOOGLINTCMSFTCKOGE
GMGSJPMMCDMSNKE
BABATESLAMMMABTABBVACN
ADBEAAMOAALAMGNADSK
BACBRK-BBBYBLKBABMY
CCLCATCVXCTASCLCMCSA
COPEDCOSTCVSDHIDRI
DVADALDVNDLRDFSDOV
DTEEMNEBAYECLEIXEMR
ETREFXEQRESSEXPDEXR
XOMFFIVFISFITBFSLRFE
FLSFMCFFBHSFCXGPS
HASHDHONIBMJNJKHC
LLYLMTMAMDTMUMCO
NFLXNEENVDAPYPLPFEPM
PGQCOMDGXRTNREGNRCL
CRMSLBLUVSBUXSYKDIS
UALVZVWBAWFCSNAP
AMDALGNANSSIDXXRMDSU
TFXTMUSDBXSPOTLYFTPINS
ZMUBERMELITFCSEDGSQ
BNTXDOCUSHOPTTWOETSYDPZ
GOLDMGMPENNCOINHOOD

ETFs

QQQSPYEEMFXIIWM
GDXXOPXLKXLEXLU
IEMGXLYIYRSQQQEWJ
XLBDIATLTEWWXME
JNUGMJ

Cryptocurrencies

BTC/USDDSH/USDETH/USDZEC/USD
XRP/USDBCH/USDTRX/USDLTC/USDT

Trading Fees

Trading Commission

Trading InstrumentCommission Fee
FOREX0 USD / LOT
COMMODITIES0 USD / LOT
INDICES0 USD / LOT
CRYPTO0 USD / LOT

Spread Account

To check the live spreads, log in to the trading account below.

PlatformServerLogin NumberPasswordDownload Platform
QuadCode PlatformClick here

Education

SabioTrade provides free training for its traders. They receive access to a free-of-charge educational course, which is structured in three stages. The course consists of topics such as the basics of trading, as well as insights into fundamental and technical analysis.

SabioTrade also provides its community with a detailed Blog with educational content, where you will be able to learn about a vast amount of unique topics covering the trading industry.

SabioTrade stands out as an exclusive proprietary trading firm by providing a free trial option. This enables traders to familiarize themselves with the platform’s trading conditions, reducing the risk of errors when they eventually choose one of the two available evaluation programs.

Additionally, SabioTrade offers a professionally designed trader dashboard accessible to all clients. This tool simplifies risk management by delivering continuous access to detailed statistics and goals, with real-time updates every minute, enhancing the overall user experience.

SabioTrade Trading Dashboard

Trustpilot Feedback

SabioTrade has gathered an excellent score on Trustpilot based on their community’s feedback.

On Trustpilot, SabioTrade has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.3 out of 5 from a substantial pool of 170 reviews. Notably, 60% of these reviews have awarded SabioTrade the highest rating of 5 stars.

The client had a positive experience with SabioTrade, particularly with the platinum plan. They acknowledged that while the platinum plan appears the most advantageous, it is the least affordable, which might deter some traders. However, the client uses the platinum plan and appreciates its significant 90 percent profit share. They also mentioned previously using the standard plan, which they found satisfactory as well.

The client had a positive experience with SabioTrade, highlighting the excellent customer support. Despite being an experienced trader, they had a few beginner questions, which the support staff answered comprehensively. The client certainly appreciated the attentive customer care and expressed gratitude for the support provided.

Social Media Statistics

SabioTrade can also be found on numerous social media platforms.

Facebook5,700 Followers & 5,600 Likes
Instagram1,484 Followers
Telegram5,276 Members
Discord3,189 Members

Customer Support

Live Chat
Email[email protected]
Phone
DiscordDiscord Link
TelegramTelegram Link
FAQFAQ Link
Supported LanguagesEnglish, Spanish, Portuguese, Italian

Account Opening Process

  • Registration Form – Register with SabioTrade by filling out the registration form with your personal details and logging into your dashboard.
  • Choose Your Account – Choose your account size.
  • Apply Discount Code – Apply our discount code FPX and enjoy a 30% discount on all account sizes.
  • Choose Your Payment Method – Choose between a credit/debit card and cryptocurrency payment method after you have successfully applied our discount code.

Conclusion

In conclusion, SabioTrade is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose a single funding program, the One-step Evaluation, which is a one-step evaluation.

SabioTrade One-step Evaluation is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 3% maximum daily and 6% maximum trailing loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during the evaluation phase, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the One-step Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend SabioTrade to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as an unlimited trading period, no minimum trading day requirements, a high starting profit split of up to 90%, a free trial feature allowing you to test the trading conditions, and affordable evaluation prices compared to the industry average. After considering everything SabioTrade has to offer to traders all across the globe, they are indeed a desirable choice within the prop trading industry.

Our detailed review of SabioTrade was last updated on 10.07.2024 at 08:12 (CE(S)T).

What are your individual opinions on SabioTrade and the services they offer? Do they align with the trading conditions and services you’ve been seeking?

Let us know if you enjoyed our detailed SabioTrade review by commenting below!

SabioTrade Review (30% discount code: FPX) Details

Trading Platforms
Deposit Methods
Withdrawal Methods
Tradable instruments
Account Currencies
Trading Programs
Incorporation
Account size up to:
$200,000
Use code for 30% discount: FPX
*Choose your account type and start trading
5.0
Fees
4.0
Trading Platforms
4.0
Deposit and withdrawal
4.0
Customer Support
4.3 Overall Rating

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