SabioTrade - Reviews and overview 2025
- Trust level:
- Neutral
- Min. price
- $119
- Year founded
- 2021
- Country of registration
-
Ireland
- Max. account balance
- $650000
- Terminal
- QuadCode
- Reviews SabioTrade:
- 0 0 0
- News Trading
- Yes
- Swing Trading Allowed
- Yes
- EAs Trading Allowed
- No
- Refund
- Yes
- Payment
- Crypto, Apple Pay, Google Pay, Credit Card, Bank transfer
- Withdrawal:
- None
- Shopper's status:
- Registration
The mystery shopper assessment is general. There were no purchases of challenges, trading on a demo account, trading on simulation accounts, or withdrawal of funds. We recommend paying attention to those companies where the mystery shopper has performed a more in-depth check of the propcompany.
General advantages SabioTrade
- Company has European registration.
- There are no complaints about non-withdrawal of funds on the network.
General disadvantages SabioTrade
- There are no channels for prompt communication between clients and technical support: all communication between users is limited to e-mail.
- Traders get only one attempt to pass the challenge. If unsuccessful, the account is closed and deleted.
- Only one trading platform is available – QuadCode. It’s not widely known and is a proprietary platform developed by broker QuadCode, which provides market access services.
- No overnight trades allowed: the company automatically closes trades on Fridays if the trader hasn’t done so. Closure is at the current market price, which can result in losses.
Trader support and feedback
- Declared communication channels:
-
Email • A test inquiry was sent. No response received within 24 hours.
Knowledge Base • Yes (search works correctly).
- Complaints about support:
-
No prompt communication with clients.
- Claims to the knowledge base:
-
No. At first glance, it seems that the company is actively developing the direction of training traders – a trading school, webinars, training videos.
- Alternative support channels:
-
Present on social media, including Discord, Telegram, Instagram, and Facebook. A query sent via Instagram was answered within 20 minutes.
Restrictions, fines, blocking
- Blocking for account inactivity:
-
After 30 days
- One IP rule:
-
No information on the site.
- Overnight positions:
-
Allowed. But holding positions over weekends is prohibited.
- Copy Trading:
-
Allowed only between a trader’s own accounts. Third-party trade copying is prohibited.
- Account Manipulation:
-
Traders are not allowed to combine accounts. Each account operates separately, which helps the company maintain control over risks and allows for better management of individual trading strategies.
- Use of VPN and VPS:
-
Not specified on the website.
- Prohibited Trading Practices:
-
- Arbitrage.
- Scalping and high-frequency trading (HFT).
- Hedging trades.
- Exceeding the daily loss limit of 3% or total loss limit of 6% is not permitted.
Violating these rules may result in penalties, including account closure and forfeiture of earned profits.
- Claims to blocking conditions:
-
None
Convenience of the personal account
- Informativeness of the personal account:
-
The personal account displays all the conditions of the selected challenge: daily and total drawdown, profit target, profit distribution between the trader and the company, and other important parameters.
- Compliance of information on the site with the personal account:
-
Challenge prices in the personal account corresponds to the information posted on the website.
- Navigation and Usability:
-
The personal account and website are well-designed and informative. They include all necessary data for traders: challenge parameters, trading statistics, charts, purchased challenges, trading accounts, payouts, and educational materials.
- Claims to the personal account:
-
None.
Negative Reviews on the Internet
Some users criticize the slow response time of the support team – replies may take a very long time. There are also complaints from traders about high spreads.
Final assessment
SabioTrade is difficult to recommend to novice traders. The company does not have high-quality support, which creates additional difficulties for customers. The trading terminal that it offers to traders is hardly a popular one. This means that a beginner may simply not understand all the subtleties of the terminal, which may turn into a failure for him in the challenge. And considering that the company adheres to a strict rule – if a trader does not pass the challenge, his account is simply blocked and he will not have a second chance, then we can say that this company is definitely not for beginners. SabioTrade is suitable for those who are used to strict risk management, who are not used to taking risks and experimenting, and who already have experience in proptrading.
Proofs:
Reviews
There are no reviews for this company.