Introduction
SabioTrade is a proprietary trading firm based in Dublin, Ireland, providing access to simulated capital for traders who pass a single-phase evaluation. Its business model allows individuals to prove their trading skills using a funded challenge. Upon successful completion, traders are granted funded accounts and share profits with the firm. SabioTrade is known for its simplified funding process, educational tools, and wide selection of tradeable assets through a proprietary trading platform.
Company Overview
SabioTrade operates under Codevil IT Engineering Ltd. with a registered company number in Ireland. It functions as a proprietary trading firm rather than a brokerage. Traders participate in evaluation programs to qualify for accounts with virtual capital. The company partners with QuadCode as its execution provider, which is responsible for trade execution and maintains regulatory authorization in various jurisdictions. However, SabioTrade itself does not act as a regulated broker.
Trading Platform and Tools
SabioTrade uses a proprietary web-based platform called the SabioTraderoom. This trading interface is accessible through both desktop browsers and mobile applications. Key platform features include:
- Multi-chart support with up to nine charts displayed simultaneously
- Over 250 financial instruments available for trading
- Built-in technical indicators, economic news widgets, price alerts, and market sentiment tools
- Real-time performance tracking and account metrics
- Integrated education modules and learning resources
The mobile app offers access to the same trading tools, enabling account management and execution from mobile devices.
Account Options and Fees
SabioTrade offers several account tiers, each with different capital sizes, costs, and profit-sharing terms. The evaluation fee is a one-time payment required to join the challenge.
| Plan Name | Evaluation Fee (USD) | Simulated Capital | Profit Target | Max Drawdown | Daily Loss Limit | Profit Split |
|---|---|---|---|---|---|---|
| Essential | 119 | 20,000 | 10% | 6% | 5% | 80% |
| Plus | 289 | 50,000 | 10% | 6% | 5% | 80% |
| Advanced | 479 | 100,000 | 10% | 6% | 5% | 90% |
| Ultimate | 939 | 200,000 | 10% | 6% | 5% | 90% |
| Prime | 2,989 | 650,000 | 10% | 6% | 5% | 90% |
All plans include access to the SabioTraderoom and Sabio Academy. Higher-tier plans offer better profit splits and access to larger simulated trading accounts.
Evaluation Criteria
SabioTrade uses a one-step evaluation process. Traders must achieve a 10% profit target on the evaluation account while adhering to risk management rules:
- Maximum Daily Loss: A 5% drop from the previous day’s closing balance results in account termination.
- Trailing Drawdown: A 6% maximum drawdown from the highest account balance is allowed during the challenge.
- Minimum Trading Activity: At least one trade must be placed every 30 days to maintain account status.
- No Time Limit: There are no time restrictions to complete the evaluation.
Once these conditions are met, the trader transitions to a funded account with real profit payouts based on the tier’s split ratio.
Tradable Instruments
The SabioTrade platform provides access to a wide range of assets across major global markets. These include:
- Forex: Major, minor, and exotic currency pairs
- Stocks: Large-cap and mid-cap equities from global exchanges
- Indices: Major global indices, including US, European, and Asian benchmarks
- Commodities: Metals, energy products, and agricultural commodities
- ETFs: Exchange-traded funds across sectors
- Cryptocurrencies: Major coins such as Bitcoin and Ethereum (CFDs only)
Each asset class has specific leverage limits. For example, forex pairs are traded at up to 1:30 leverage, indices up to 1:100, stocks and ETFs at 1:20, and cryptocurrencies at 1:3.
Profit Sharing and Payouts
After successfully completing the evaluation phase, traders are upgraded to a funded account. Profit sharing begins immediately, with payouts based on the following:
- 80% profit share for Essential and Plus accounts
- 90% profit share for Advanced, Ultimate, and Prime accounts
Payouts are processed weekly, and traders are eligible to withdraw profits via the original payment method used during registration. There is no minimum profit required for withdrawals.
Education and Resources
SabioTrade includes access to educational tools through its built-in Sabio Academy. Features include:
- Interactive video lessons on trading strategy and risk management
- Market breakdowns and live trading sessions
- Courses designed for beginner to advanced traders
- Mentoring options for selected account holders
This educational content is available immediately after purchasing an evaluation package and is integrated into the trading platform.
Customer Support
Support services are available via:
- Live Chat: Embedded directly within the trading dashboard
- Email Support: Response time generally within several hours
- No Phone Support: Communication is limited to digital channels
Support operates around the clock and assists with account setup, trading rules, funding issues, and platform navigation.
Payment Options
Evaluation fees can be paid using:
- Credit or debit cards
- Bank wire transfers
- Cryptocurrency payments
All payments are processed securely, and payment details are not stored by the platform. Once a trader is funded, withdrawals follow the same channels as deposits.
Compliance and Security
SabioTrade itself is not a regulated financial institution. However, its trading operations are facilitated by QuadCode, a technology provider and execution partner that holds financial services licenses in jurisdictions including Cyprus, Australia, and The Bahamas.
The firm enforces KYC (Know Your Customer) protocols for identity verification prior to funding. Data security is maintained through encryption, and users’ personal and financial data are handled with strict confidentiality standards.
Strengths
- Wide asset coverage including forex, crypto, indices, and stocks
- High profit splits up to 90%
- No time limits for completing the evaluation
- User-friendly proprietary trading platform
- Educational access included with all plans
- Mobile trading app for on-the-go access
Weaknesses
- High upfront costs for upper-tier plans
- Strict drawdown and daily loss limits
- No direct regulatory oversight for SabioTrade itself
- No phone-based customer service
- Fixed leverage regardless of trading experience
Conclusion
SabioTrade offers a streamlined prop trading model centered around a one-step evaluation and direct access to simulated capital. It provides tools for both trading and education through a custom-built platform supported by a regulated execution provider. Traders looking for a high-payout structure and a simplified qualification process may find value in SabioTrade’s offerings.
While the platform offers substantial simulated capital and learning opportunities, it requires careful risk management due to its strict drawdown rules and lacks regulatory oversight at the firm level. Prospective users should weigh the costs and constraints carefully before beginning the evaluation.
