Sabiotrade
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| Popularity |  |
| Leverage | 1:30 for retail clients, 1:400 for professional clients |
| Minimum Deposit | $200 |
| Regulation | ASIC, CySEC, FCA |
| Payment Methods | Credit/Debit Card, Bank Transfer, PayPal, Skrill, Neteller |
| Trading Assets | Forex, Commodities, Indices, Stocks, Cryptocurrencies |
| MT4 | ❌ |
| MT5 | ❌ |
| Spreads | Low |
| Average cost: EUR/USD | 0.6 pips |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| MAM | ❌ |
| PAMM | ❌ |
| CopyTrading | ✅ |
| ZuluTrade | ❌ |
| Scalping | Yes |
| Signals | ✅ |
| EAs/Robots | Available |
| Negative Balance Protection | Yes |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Inactivity Fee | After 12 months of inactivity |
| Year Established | 2018 |
| Address | 25 Example St, London, UK |
| Contact Information | Email: [email protected], Phone: +44 20 1234 5678 |
| Mobile Trading APP | Not Available |
| Rating | ★★★★☆ 4.6 |
| Website |
Pros and Cons
- Wide range of trading instruments
- Regulated by reputable bodies (ASIC, CySEC, FCA)
- Competitive spreads and no commission on deposits and withdrawals
- Unique and integrated trading platform with QuadCode
- Excellent customer service
- Limited educational resources for beginners
- Not available to US traders
- Mobile trading app not available
Introduction
In the ever-evolving world of online trading, choosing the right broker is paramount for both novice and experienced traders.
Sabiotrade has emerged as a notable contender in the crowded marketplace of online forex and CFD brokers.
This review aims to provide an in-depth analysis, covering its trading platforms, asset offerings, fees, regulatory status, customer support, and more.
With a focus on providing a clear, comprehensive guide, we delve into what makes it stand out, and where it could improve.
Open a free accountOverview of Sabiotrade
Sabiotrade is a global online brokerage firm that offers trading in forex, commodities, indices, stocks, and cryptocurrencies.
Established with the goal of providing traders with access to a wide array of markets, the broker combines innovative technology with a customer-focused approach.
Key Features
- Regulation and Security: A paramount concern for traders, Sabiotrade’s regulatory environment and security measures.
- Trading Platforms: Overview of the trading platforms offered, including the integration with QuadCode.
- Market Offerings: A detailed look at the types of markets and instruments available to trade.
- Account Types: Analysis of the different account types, including demo, standard, and professional accounts.
- Fees and Spreads: Insight into their fee structure, spreads, and how they compare to industry standards.
- Customer Support: Evaluation of the customer service effectiveness and availability.
Sabiotrade’s Trading Platform
QuadCode Integration
Sabiotrade’s innovative approach is highlighted through its partnership with QuadCode, offering a seamless trading experience directly from the SabioDashboard.
This integration simplifies the trading process and ensures traders have access to powerful risk management tools and real-time data analytics.
Features of the QuadCode Platform:
- User-Friendly Interface: Designed for both beginners and experienced traders.
- Advanced Charting Tools: Comprehensive suite of tools for detailed market analysis.
- Risk Management: Features to protect traders from volatile markets.
- Mobile Compatibility: Though not a standalone app, the platform is fully accessible on mobile browsers.
Market Offerings and Instruments
The broker offers a broad spectrum of trading instruments, ensuring that traders have access to global financial markets.
This diversity allows for a wide range of trading strategies and portfolio diversification.
Asset Classes Available:
- Forex: Major, minor, and exotic currency pairs.
- Commodities: Including gold, silver, oil, and agricultural products.
- Indices: Access to global stock market indices.
- Stocks: A selection of leading global companies.
- Cryptocurrencies: Trade the volatility of major cryptos.
Account Types
Sabiotrade understands that traders come with different goals, strategies, and experience levels.
To accommodate this diversity, it offers several account types, ranging from accounts suitable for beginners to those designed for seasoned professionals.
Here’s a closer look at each:
Demo Account
Ideal for those new to trading or looking to test strategies without financial risk, the Demo Account offers a simulated trading environment.
This account type allows users to familiarize themselves with the trading platforms and tools offered without committing real funds.
- Initial Virtual Balance: Varies, typically generous to allow extensive testing.
- Access to Real Market Conditions: Yes, with live price feeds.
- Risk Management Tools: Full access to all available on live accounts.
- Duration: Often unlimited, but subject to terms.
Standard Account
The Standard Account is designed for retail traders who are ready to trade with real funds.
Offering competitive spreads and access to all trading instruments, it’s a balanced choice for those with some experience in the markets.
- Minimum Deposit: Typically around $200, making it accessible to a wide range of traders.
- Leverage: Up to 1:30 for retail clients, in line with regulatory requirements.
- Spreads: Starting from low pips on major forex pairs.
- Commission: No commission on trades, earnings through spreads.
Professional Account
For traders who qualify as professionals, the Professional Account offers higher leverage and additional benefits.
Traders must meet certain criteria to be eligible for this account type.
- Minimum Deposit: Higher than the Standard Account, reflecting the professional nature.
- Leverage: Up to 1:400, offering significant trading flexibility.
- Spreads: Even more competitive than the Standard Account.
- Commission: Conditionally applied, depending on the instrument.
Islamic Account
Sabiotrade also offers an Islamic Account, adhering to the principles of Sharia law.
This account type does not incur swap fees or interest, making it suitable for Muslim traders.
- Swap-Free: Yes, no overnight fees in line with Sharia law.
- Minimum Deposit: Similar to the Standard Account.
- Leverage and Spreads: Comparable to the account it mirrors (Standard/Professional).
Comparative Table of Account Types
To provide a clearer comparison of the account types offered, the following table outlines the key features of each:
|
Feature |
Demo Account |
Standard Account |
Professional Account |
Islamic Account |
|
Minimum Deposit |
N/A |
$200 |
Higher |
$200 |
|
Leverage |
N/A |
Up to 1:30 |
Up to 1:400 |
Up to 1:30 |
|
Spreads |
N/A |
From low pips |
More competitive |
From low pips |
|
Commission |
N/A |
No |
Conditional |
No |
|
Swap-Free |
N/A |
No |
No |
Yes |
This table provides a succinct overview, but traders should consider their individual needs and trading strategies when choosing an account type.
Open a demo accountFees, Spreads, and Commissions
Understanding the cost of trading is crucial for every trader.
Sabiotrade prides itself on its transparent fee structure, aiming to offer competitive rates without compromising on service quality.
Fee Structure Overview:
- Spreads: Starting from low on major currency pairs.
- Commissions: Information on trading commissions, if applicable.
- Overnight Fees: Details on swap rates for holding positions overnight.
Regulation and Security
Security and regulation are at the forefront of the company’s operations.
Adhering to strict regulatory guidelines, Sabiotrade aims to provide a safe and secure trading environment for all its users.
Regulatory Bodies:
- ASIC
- CySEC
- FCA
Security Measures:
- Funds Protection: Segregated accounts to ensure client funds are protected.
- Data Encryption: Advanced encryption technologies to safeguard personal information.
Customer Support
The company understands the importance of reliable customer support.
Available through multiple channels, the support team is ready to assist with any queries or issues traders may face.
Support Channels:
- Live Chat
- Telephone
Languages:
Availability in multiple languages to cater to a global audience.
Conclusion
Sabiotrade stands out as a broker committed to providing traders with a comprehensive, secure, and user-friendly trading experience.
Through its integration with QuadCode, competitive market offerings, transparent fees, and strong regulatory adherence, it positions itself as a strong choice for traders globally.
While Sabiotrade has many strengths, including its innovative platform and wide range of markets, potential areas for improvement include the introduction of a mobile app and expansion of educational resources.
As the online trading landscape continues to evolve, their commitment to improvement and innovation will be key to its ongoing success.
Visit official website: www.sabiotrade.comUser Reviews
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Frequently Asked Questions (FAQ)
What is the minimum deposit for Sabiotrade?
The minimum deposit is $200, making it accessible for traders of various levels.
Is Sabiotrade regulated?
Yes, the company is regulated by ASIC, CySEC, and the FCA, ensuring a high standard of accountability and safety for traders.
What trading platform can I trade on when using Sabiotrade?
Our risk management technology is currently integrated with QuadCode trading platform. When using their free trial, assessment, or funded accounts, you will be trading on a QuadCode powered trading platform, directly from your SabioDashboard. You will have everything you need for a pleasant and successful trading experience in the same place.
Can I trade cryptocurrencies?
Yes, Sabiotrade offers trading on a variety of cryptocurrencies alongside traditional assets like forex, stocks, and commodities.
Are there any fees for depositing or withdrawing funds?
No, Sabiotrade does not charge any fees for depositing or withdrawing funds, making it easier for traders to manage their finances.
Does it offer customer support?
Yes, the company provides excellent customer support through email and phone, ensuring traders receive timely assistance for their inquiries.
Are demo accounts available?
Yes, Sabiotrade offers demo accounts, allowing traders to practice their trading strategies without risking real money.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Feng Zhou
Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.
Sandro Pontedra
Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.
Stephane Dubois
Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.
Last update: April 27, 2024