SabioTrade Prop Firm Challenge Free Trial

Y
@yokoyi - 1 month ago
Quoted - precious123

Yes, FTMO analytics are very indepth

The SabioTrade TradeRoom web terminal is really trash and very unreliable, I will try downloading the MetaTrader for speed. Sometimes you miss out on a trade because the web platform won't load

Y
@yokoyi - 1 month ago

Progressing towards profit target, at the start my equity was $10,000 and now its $10,127

Y
@yokoyi - 1 month ago
Quoted - yokoyi

Progressing towards profit target, at the start my equity was $10,000 and now its $10,127

The prop account has grown 10.96% since the start of the challenge. The daily threshold is 55% meaning I am not expected to make a profit of more than 55% of the starting balance in one day so I don't break their consistency rule.

Y
@yokoyi - 1 month ago
Quoted - yokoyi

The prop account has grown 10.96% since the start of the challenge. The daily threshold is 55% meaning I am not expected to make a profit of more than 55% of the starting balance in one day so I don't break their consistency rule.

Today I was adding to my winning gold trades and got stopped out and lost the account. The max loss limit was $600 and the gold lot size I traded was fairly large so when I got stopped out i breached the max loss limit rule.

T
@thabokgosi - 1 month ago

SabioTrade leverage of 1:30 is too low, I am sure you noticed it stopped you from opening several positions

Y
@yokoyi - 1 month ago
Quoted - thabokgosi

SabioTrade leverage of 1:30 is too low, I am sure you noticed it stopped you from opening several positions

Yeah I noticed the low leverage. Their account is a swing account I guess, most prop swing accounts come with lower leverage.

The account was closed because I breached their $600 maximum loss rule

Y
@yokoyi - 1 month ago
Quoted - segun_33

Are you going for another free trial?

SabioTrades seems to allow only one free trial per profile

Y
@yokoyi - 1 month ago

Zero Commission Trading

One thing I liked about SabioTrades was that unlike FTMO, they don't charge commissions on major instruments

Y
@yokoyi - 1 month ago

SabioTrade Pros & Cons

Pros:
I like the low leverage, zero-commission charges, and the access to multiple trading platforms including MetaTrader & cTrader

Cons:
I don't like the dynamic drawdown and the fact that there is a consistency rule

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