Sabio TradeReviews 41

Answer: As Roxette sang, listen to your heart! =) Jokes aside, it's better to opt for the basic account available, especially if you aren't skilled at trading. You will have less risks, because the size of the account is smaller + the fee is the most affordable for newcomers. All in all, if u are kinda adventurous then you can go with Premium, Gold, Platinum, but will you bear them? This is a big question and you have to answer to it.

Answer: Mhm. Good question, and it's really hard to answer straightforwardly. I would say a mix of different aspects and features makes Sabiotrade stand out as one of the best prop trading firms. First I would highlight the profit sharing ratio. With Sabiotrade you keep 90% of the profit made for yourself and pay only 10% to the company. Next is the fact that they offer a free trial. This is an incredibly useful feature that I haven't seen many prop trading firms offer. You can test the platform and its environment, and test how the rules work without risking real money. Also, I would put here their relatively easy and fast assessment process. I have seen other firms asking you to trade for one month just to pass the assessment, which is crazy...

Answer: Not sure which assessment you are talking about but I will give you a short answer for both types of assessments I have in mind. First, if you are asking about the "comprehension check", it is a pretty simple task. The aim of this phase is for you to prove that you have a basic understanding of the markets, and how they work, and have knowledge about some of the most common trading strategies and analyses. And more or less that's it. The result should come in a day or two. Pretty quick. Second, If you are asking about the assessment account to pass the challenge to get a funded account, well that's a different story. Is it hard? Generally speaking, it is not. At least for me. And it should be for you as well if your intention is to make profits with SabioTrade following their trading rules. If it is getting hard for you to pass the challenge, then maybe you should consider spending more time on educating yourself in risk management and other trading-related matters. About the time, you should not care about that, since everyone has a different trading style. But I would say it's quite possible to pass the challenge in less than a month.

Answer: Hello there Hector! The Maximum Trailing drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Max Trailing Drawdown is set at 6% of your starting balance. This 6% trails your closed trading balance until you reach 6% profits in your account. Once you have achieved 6% in your account the max trailing locks in at your starting balance, and no longer trails your account. Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $103,000 in closed balance. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $97,000. Next, let's say you take your account to $103,000 in closed balance, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the Daily Loss Limit). For example, if you take your account to $170,000, as long as you do not drawdown more than 3% in any given day, you would only breach if your account equity reaches $100,000. Hope this helps!