SabioTrade FAQ
How to Register Account on SabioTrade
How Long does it take to receive my Assessment account?
Your Assessment account will be ready for trading within minutes of purchasing. Look for the credentials to your SabioTraderoom and SabioDashboard in your inbox immediately after completing your purchase. From the SabioDashboard you can follow up on your progress on your Assessment, request your future payouts, and access our Trading resources, Trading courses, and our Trading platform. From the SabioTraderoom, you can open and close your deals, apply your trading strategies, access our trading tools, check your trading history, etc.
Do I have to use one of your accounts for the Assessment or can I use my own?
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real-time for achievements or rule violations. As such, you must use an account that we provide to you.
What Countries are accepted?
All countries, excluding OFAC-listed countries, can take part in our program.
Where do I track the progress of my SabioTrade account?
Upon purchasing an Assessment or registering for a Free Trial, you will receive access to the SabioDashboard where you can monitor your progress for your Assessment and Funded accounts. SabioDashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
Once I pass the Assessment am I provided with a demo or live account?
Once a trader passes the SabioTrade Assessment we provide them with a live account, funded with real money.
How to Open a Demo Account on SabioTrade
Are the criteria of the assessment the same?
The assessment accounts and the assessment criteria for upgrading to the real account will depend on which assessment account you purchase (the available balance and upgrade criteria for each of the types are the major differences).
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The first type, with a balance of $10,000 - purchase cost is $50.
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The second type with a balance of $25,000 - purchase cost is $125.
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The third type with a balance of $100,000 - purchase cost is $500.
Do I need to deposit?
You do not make deposits on SabioTrade, instead we are the ones investing in you and your skills! Initially, you will purchase an assessment account with some training materials (it’s basically like a practice account) - it will contain no real money, only virtual funds. Once you pass the assessment criteria you are then provided a real account with real money for trading!
Is there a breach of inactivity?
Yes. If you do not place a trade at least once every 30 days on your account on your SabioTraderoom, we will consider you inactive and your account will be breached. You will lose access to your SabioTraderoom for that specific account, but you still can see your trading history and previous statistics on your SabioDashboard.
Are there any other reasons leading to a hard bleach?
A hard breach is when a violation is made in trading that results in the permanent closure of the account. A hard breach may be one of the following:
3% daily loss limit: The balance the trader is allowed to reach in loss per day, taking into consideration the balance the trader had on the previous day at 5PM (EST) (3% Loss limit).
6% Max. Trailing down: Limit of balance loss. This limit is 6% of the current balance, so it will update as the balance increases. If profit is reached, this limit will be raised accordingly.
For example, you start with $10,000, then you make a profit of 10% → your balance is now $11,000. You cannot lose 6% of your new balance, which is now $11,000.
How to Trade Forex on SabioTrade
What is the best time to trade for trading?
Determining the optimal trading times is a multifaceted consideration, contingent upon various factors including your trading strategy, risk tolerance, and market conditions. It’s prudent to closely monitor the market timetable, particularly during the overlapping hours of the American and European trading sessions, as this period tends to witness heightened price dynamics, especially in currency pairs such as EUR/USD. Furthermore, staying abreast of market news and economic events that could potentially influence the movement of your chosen assets is paramount. For novice traders who may be less familiar with market dynamics, it’s advisable to exercise caution during periods of high volatility and to refrain from trading when prices are excessively dynamic. Taking these factors into account can help traders make more informed decisions and navigate the markets with greater confidence.
Can I hold positions over the weekend?
In SabioTrade, we require all trades to be closed by 3:45pm EST on Friday. Any trades left open after this time will automatically be closed. Please note that this is only a soft breach and you will be able to continue trading once the markets reopen. In other words, on the SabioTrade trading platform, you can do Day Trading (also known as Intraday Trading), or keep positions open for several days, but it is not possible to keep positions open during the weekend.
What is the minimum investment amount to open a trade?
The minimum investment amount to open a trade on SabioTrade is $1.
How does a multiplier work?
In CFD trading, you have the option to utilize a multiplier, also known as leverage, which enables you to control a position that exceeds the amount of capital invested. This allows for the potential amplification of returns, but it also increases associated risks. For instance, by investing $100 with a leverage of 10x, a trader can potentially achieve returns equivalent to a $1,000 investment. However, it’s important to bear in mind that this multiplier effect applies to potential losses as well, which can also be magnified several times over. Therefore, while leverage can enhance potential profits, it’s crucial to exercise caution and manage risk accordingly.
How to use Auto Close settings?
Traders utilize Stop-loss orders as a risk management tool to contain potential losses for an active position. These orders automatically trigger a sell order if the asset’s price moves unfavorably beyond a predefined level, helping traders limit downside risk.
Similarly, Take Profit orders serve to secure profits by automatically closing a position once a specified price target is reached. This allows traders to lock in gains without the need for continuous monitoring.
The parameters for both Stop Loss and Take Profit orders can be customized based on various criteria, including a percentage of the asset’s value, a specific monetary amount, or a predefined price level. This versatility empowers traders to tailor their risk management strategies according to their individual trading preferences and market conditions.
How to Withdraw from SabioTrade
How long does it take to receive my Funded account?
Once you have passed your Assessment and have supplied your KYC documents, the account will be issued within 24-48 business hours.
What are the rules for the SabioTrade Funded account?
The rules for the SabioTrade Funded account are exactly the same as your SabioTrade Assessment account. However, with a Funded account, there is no cap on the profits you can generate.
When can I withdraw profits from my Funded account?
You can withdraw your profits at any time. At the time of any withdrawal request, we will also withdraw our share of the profits made, as well.
Important Note: Once you request a withdrawal, your maximum trailing drawdown will be set at your starting balance.
What happens if I have a hard breach in my Funded account while in profit?
If you have profits in your Funded account at the time of a hard breach, you will still receive your portion of those profits.
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we would close the account. Of the $10,000 in profits, you would be paid your 80% portion ($8,000).
Comprehensive Support: Discover SabioTrade’s FAQ
In conclusion, SabioTrade’s Frequently Asked Questions (FAQ) section is an essential resource designed to support traders by providing quick, comprehensive answers to a wide range of queries. This well-structured and easily accessible section covers various aspects of the trading experience, including account setup, trading procedures, technical support, and platform features. The FAQ section’s detailed responses and user-friendly design empower traders with the information they need to navigate the platform efficiently and effectively. By addressing common concerns and providing clear guidance, SabioTrade ensures that traders can resolve issues independently and confidently. Whether you’re new to trading or an experienced investor, the FAQ section is a valuable tool that enhances your overall trading experience. Explore SabioTrade’s FAQ today and leverage the wealth of information available to make informed decisions and optimize your trading journey.
