SabioTrade Review
- Various trading instruments
- No fee payment
- Modern trading platform
- Firm legalisation and customer protection
- Good customer care
- Regulated by the Malta Financial Services Authority (MFSA) and the Financial Conduct Authority (FCA)
- Platforms: Web
Introduction
SabioTrade is a pioneering prop trading platform that invites talented traders to operate as non-staff traders and provides them with a platform and infrastructure, regardless of their backgrounds since 2021. The company aims to disrupt the financial landscape by simplifying access to cutting-edge and top-tier trading tools for everyone, everywhere. The platform provides an optimal blend of technology, resources, and support each trader requires to make informed trading decisions.
- Minimum Deposit: $50
- Assets: FX pairs and CFD Indices, Metals, Equity Shares, and Cryptocurrencies
- Demo Account: Yes
- Leverage: 30:1
Trading Platform
At SabioTrade, traders can access over 100 built-in indicators, widgets, and alerts. The platform offers a range of plans catering to diverse trading needs, with funded accounts of up to $100,000 and generous leverage of 30:1, surpassing what most brokerage accounts and proprietary trading firms can offer.
You can trade the following products: FX pairs and CFD Indices, Metals, Equity Shares, and Cryptocurrencies.
With over a hundred and fifty thousand proprietary traders worldwide, SabioTrade is known by its users for straightforward and almost instantaneous registration. Apart from the quick assessment evaluation, which is pretty straightforward for candidates, they are equipped with comprehensive training. The platform provides access to free educational courses in written format, webinars and a trading signals app. covering the basics of trading and fundamental technical analysis and more. All these features are aimed at making it easier for traders to adapt to the platform and effectively fostering a dynamic trading infrastructure for trading
Account Types
SabioTrade welcomes traders from all over the world, providing an opportunity to trade using the firm’s funds. Consequently, this method enables traders to manage substantial amounts without tapping into their personal savings or taking on debt.
Diverse Account Options
SabioTrade caters to a range of traders with three distinct account types:
- Trial Account: Get a feel for the platform with a free, 7-day trial loaded with virtual currency.
- Assessment Account: Show your trading skills with a demo account when you sign up for a plan.
- Real Funded Account: Pass the assessment to unlock a live account filled with trading capital.
Choose Your Account
- Standard: $10,000 to trade with, 70% profit for you.
- Premium: $50,000 to trade with, 80% profit for you.
- Gold: $100,000 to trade with, 80% profit for you.
- Platinum: $200,000 to trade with, 90% profit for you.
Demo Account
When youre considering an online broker, its a good idea to explore the companys demo account before trading in a real account. Using a demo account will allow you to evaluate the platform and see if it offers all of the tools and features you want in an online trading broker.
Demo accounts are an opportunity to test drive before buying. You can become familiar with the platforms processes for making trades and the layout of the user interface. A good broker will offer users a free demo opportunity, and SabioTrade does.
SabioTrade offers traders the opportunity to practice strategies and become familiar with the platform with their demo account. To create a demo account, all you need to do is sign up with your email, and you will receive $1000 in virtual funds.
These risk-free funds will allow you to see if SabioTrade meets your needs as a trader. If not, its easier to opt out than it is to close an account youve already invested in.
Deposits and Withdrawals
With SabioTrade, the minimum deposit required depends on what type of account you want to open. You can get started trading with real money for as little as $50 with a Standard account, but for a VIP account, youre looking at dropping at least $500 right away.
When you are ready to withdraw your profits, please send an email to [email protected] requesting the amount you would like to withdraw. We will then process your withdrawal.
You can withdrawal 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.
- Bank Transfer
- Credit / Debit Cards
- E-Wallets
- CryptoCurrencies
Customer Support
SabioTrade has several choices for how to reach out to them.
- Chat: On their website and app, theres a chat window that pops up and provides you with a live chat choice. The live chat function is robust and supports multiple languages.
- Email Address: Perhaps your concern doesnt require immediate attention. In that instance, you can send an email to [email protected], and theyll reply as soon as they can.
Conclusion
SabioTrade offers a platform to interact with fellow traders, gain expert insights, and chart a successful trading path to enhance the trading journey of the platform’s users. The company is dedicated to nurturing the growth and success of its traders, whether they’re novices or seasoned professionals. Joining Sabio Trade’s ecosystem signifies the beginning of a fruitful trading adventure.
Additionally, SabioTrade may provide educational resources and market analysis to help its clients make informed trading decisions and manage risk effectively. However, as with any type of financial trading, it’s important to understand the risks involved and to use proper risk management strategies to minimize potential losses.