What is the difference between regular CFD trading and prop trading? Technically, there’s no difference—except for the fact that prop traders don’t trade with their own funds but with the money of the company they cooperate with. In short, the broker gives the trader a funded account with a substantial amount of money and keeps a part of the profit in return.
“It’s probably impossible to get into prop trading,” many people think. This is not true. Yes, to get a funded account, a trader needs to confirm their skills during the assessment procedure — but it is much simpler than it seems.
SabioTrade is a new prop trading company that offers funded accounts up to $200,000, allowing traders to keep up to 90% of their generated profits.
In this review, we’ll take a closer look at what SabioTrade has to offer and help you decide if it’s the right platform for your trading journey.
What is SabioTrade?
SabioTrade is a trading platform that provides an avenue for traders to access funding while minimizing risks. After a straightforward assessment process, users can access funded accounts with amounts ranging from $10,000 to $200,000, enabling them to start trading right away.
One remarkable feature is that traders can request up to 90% of their profits via bank transfer at any time. SabioTrade doesn’t stop there; it offers free educational materials, generous leverage (20:1–100:1 depending on the asset), 24/7 multilingual support, and advanced trading tools.
SabioTrade Review: Features
SabioTrade allows traders to scale their trading with substantial capital. Depending on your chosen plan, you can access $10,000, $50,000, $100,000, or even $200,000, freeing your trading potential from financial constraints.
With SabioTrade, the only risk you take is a small, one-time fee. The smallest $10K account will only cost you $50, which is one of the lowest barriers to entry in the industry.
To become a funded trader, one has to pass a quick, 1-step assessment challenge. The goal is to achieve a 10% profit without breaking the rules. If you succeed, you’ll unlock the live account and be able to start trading with real money.
If you don’t feel confident enough, take advantage of SabioTrade’s free educational materials and a 7-day trial account. If you’re experiencing issues or have questions, 24/7 multilingual support replies in mere minutes.
As for the trading process, SabioTrade features one of the most well-thought-out prop trading infrastructures you can find. You’ll trade on the user-friendly proprietary platform with great navigation and simple controls, with access to forex, commodities, stocks, indices, and ETFs (250 assets total), 100+ technical indicators, widgets, alerts, newsfeeds, calendars, and other useful tools.
Smart SabioDashboard allows traders to conveniently track their performance, such as profit targets, payouts, losses, etc. Speaking of payouts, they have no restrictions on the time or amount. You can cash out in any amount as soon as you make your first profit.
For more confident traders, SabioTrade offers generous leverage up to 100:1, providing access to up to $2 million for investments.
Where SabioTrade Can Improve
While SabioTrade offers a lot, it’s essential to acknowledge areas where it can improve. Notably, crypto trading is currently not available on the platform, as are high-risk instruments. On top of that, some assets may have lower leverage compared to other platforms. Also, mobile trading is still on the way. These are factors to consider when deciding if SabioTrade is right for you.
In conclusion, SabioTrade is a comprehensive trading platform that caters to traders of all levels. It stands out with its innovative features, including the opportunity to secure funding and retain up to 90% of your profits. With a user-friendly interface, diverse assets, and educational resources, SabioTrade is a valuable platform for traders seeking success in the financial markets. While there are areas for improvement, SabioTrade offers a unique proposition for those looking to scale their trading without substantial capital.
Source: Cosmo Politian