Many prop firms currently operating are simply out to rake in challenge fees with no care for the trader. Most do not even offer any kind of education or guidance which dooms newer traders to fail from the start.
I’ve been in contact with the team at SabioTrade and wanted to raise awareness for their unique offering. Here is how it works:
- You pay a one time fee and choose a 3 month or 12 month option.
- You will receive access to SabioTrades education and mentorship program to learn how to trade.
- You will receive a fresh $20k challenge each month.
This means you can have a full years worth of trading for around $800 and depending on how many challenges you pass of the 12, you could also have up to $240k in funding by the end of the year.
What are the SabioTrade Challenge rules?
The challenge offered by Sabio is the typical one-phase model which features an industry standard 10% profit target and 6% max drawdown. The daily drawdown is 5% which is better than the average 3%-4%.
The profit split depends on the account size and ranges from 80% to 90% which is great.
There are a few other rules to be aware of which you can find on the Sabio Trade website, but only the drawdown rules count as hard-breaches which is excellent to see.
What is the SabioTrade Academy?
The SabioTrade Academy is the in-house education and mentorship program offered to all Pro Club members. This program can double your chances of passing the evaluation and reaching payout.
Included in the package is:
- Webinars by professional traders
- Custom indicators
- Trade reviews by trading mentors
- Trade ideas
- Special tried and tested strategies
When you add in the cost of the challenges provided throughout the program, this is an excellent value proposition!
Claim 25% Discount on SabioTrade Accounts
The team at Sabio have provided a 25% discount for users to try out their firm. Unfortunately the Pro Club is already discounted to this code will not work on that but it is valid on all single challenges, including the massive $650k option.
To claim this discount use the code “PTC25” with the link below: