What payment methods can be used at SabioTrade, and are purchases refundable?

💡 Answer

Payment Methods: Credit/debit card, Bank transfer

The one-time evaluation fee is fully refunded after the first profitable withdrawal. Fees are not refundable if rules are breached or the challenge is failed.

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SabioTrade vs FTMO vs Seacrest Markets - Prop Firm Comparison (March 2026)

Side-by-side comparison of SabioTrade vs FTMO vs Seacrest Markets. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.

SabioTrade vs FTMO vs Seacrest Markets - Prop Firm Comparison (March 2026)
SabioTrade
SabioTrade is an Ireland-based proprietary trading firm operated by Codevil IT Engineering Limited. It offers a single-phase evaluation with five account tiers ranging from $20,000 to $650,000. Traders must reach a 10% profit target while respecting a 5% daily loss...
FTMO
FTMO is a Prague-based prop trading evaluation company founded in 2015 that uses a two-step challenge (FTMO Challenge + Verification) with unlimited time, strict 5% max daily loss and 10% max loss limits, and Normal or Swing funded account types....
Seacrest Markets
Seacrest Markets (formerly MyFundedFX) is a broker-backed prop evaluation program offering MT5 and Match-Trader simulated challenges with no time limits, up to $400,000 total simulated value across active accounts, 80% profit split on Live Sim accounts (with VIP tiers up...
Overview
Trustpilot Rating 3.6 4.8 3.3
Trustpilot Reviews 714 40,233 1
Headquarters Ireland Czech Republic South Africa
Age (Years) 3 11 N/A
Max Funding $650,000 $400,000 $400,000
Profit Split Start 80% 80% 80%
Profit Split Max 90% 90% 92.75%
Platforms MT4 MT5 Quadcode MT4 MT5 cTrader DXtrade mt5 match-trader
Assets Forex stocks indices commodities ETFs cryptocurrencies FX Indices Commodities Stocks Crypto FX Metals Indices Energy & Commodities Crypto
Leverage
FX Leverage 30 100 30
Metals Leverage 25 30 10
Crypto Leverage 3 3.3 2
Risk & Drawdown Rules
Max Daily Loss 5 Maximum Daily LossFTMO applies a 5% Maximum Daily Loss. It is calculated from the account’s balance at midnight CE(S)T (platform time) each day and includes the running total of the day’s closed trades + floating P/L, including commissions and swaps. If the daily limit is exceeded at any time, the account fails. Maximum Daily LossDaily loss limits depend on plan: 4% (1-Step), 5% (2-Step), 4% (3-Step).
Max Total Loss 6 Maximum LossFTMO applies a 10% Maximum Loss (overall loss limit). This is a static cap measured against the account’s starting balance, and it is evaluated on equity (closed + floating results, including trading costs). Breaching it at any time results in account failure. Maximum Overall Loss6% trailing (1-Step), 8% static (2-Step / 3-Step).
Drawdown Type Trailing (dynamic drawdown calculated from the highest equity reached) Drawdown ModelFTMO uses static loss limits: a daily loss limit that resets at midnight (platform time) and an overall loss limit based on the starting balance. Both limits include floating P/L and trading costs (commissions/swaps), so equity protection matters as much as closed P/L. Equity-based (Trailing on 1-Step; Static on 2-Step/3-Step)
Payouts
Payout Frequency Weekly Payout FrequencyFTMO rewards are processed on request. Once you have access to the FTMO Account, you can request your reward after a minimum of 14 calendar days from your first day of trading on the FTMO Account (biweekly request cadence).Minimum profit thresholds apply to cover transaction costs (e.g., $20 minimum for bank transfer, $50 minimum for crypto withdrawals). Payouts every 14 days (VIP tiers faster).
Days to First Payout 7 14 14
Payout Processing Time 1 Payout ProcessingReward requests go through a review step (typically 1–2 business days). After approval, payments are usually processed within an additional 1–2 business days, depending on the chosen payout method and banking/processor timelines. Processing 12–72 hours.
Payout Methods Bank transfer Bank Transfer Cryptocurrency Skrill Neteller Crypto RiseWorks
Payments
Payment Methods Credit/debit card Bank transfer Credit/Debit Card Bank Transfer Cryptocurrency Skrill Credit/Debit Card Crypto Apple Pay
Trading Permissions
News Trading News trading is allowed as long as traders comply with risk and drawdown limits. High-frequency activity around news events is prohibited. Evaluation (FTMO Challenge + Verification): news trading is allowed freely during all releases.FTMO Account (Normal): for specified high-impact announcements and targeted instruments, you must not open or close trades (including SL/TP triggers) in the 2 minutes before to 2 minutes after the release.FTMO Account Swing: news trading restrictions do not apply. News trading restricted on Live Sim (±3 minutes).
Weekend Trades Overnight positions are allowed. Weekend holding depends on the selected plan, with some requiring positions to be closed before market close on Friday. Evaluation (FTMO Challenge + Verification): holding trades over the weekend is allowed.FTMO Account (Normal): positions must be closed before the weekend market close (or if the market break/rollover is longer than 2 hours). Some cryptocurrencies may be tradable during specific weekend hours.FTMO Account Swing: no restrictions on holding positions over the weekend. Weekend trading allowed.
Copy Trading There is no formal copy-trading program. Traders are expected to trade their own strategies, and coordinated or mirrored trading is discouraged. Trade copying tools can be used as long as your trading remains compliant with FTMO’s rules. FTMO’s services are for personal use only: you must not allow any third party to access or trade your accounts, and coordinated/manipulative trade patterns between connected accounts (e.g., opposite positions across accounts for manipulation) are forbidden. Copy trading allowed for own strategies only.
EA Allowed Expert Advisors and automated strategies are permitted if they comply with the rules. High-frequency trading, scalping, and hedging strategies are not allowed. EAs are allowed as long as the strategy is legitimate, replicable in real markets, and does not fall into forbidden practices. Note that automated trading that overloads servers (e.g., excessive server requests) is prohibited, and widely used third-party EAs may risk breaching maximum capital allocation constraints if multiple users run the same strategy. EAs allowed on MT5 only.
KYC & Restrictions
KYC Required No No Yes
KYC Stage KYC and AML verification are required before receiving a funded account and payouts. Traders must submit valid government ID, proof of address, and identity verification. FTMO requires identity verification before becoming an FTMO Trader and signing the FTMO Account Agreement. For individuals, this is KYC and typically requires a government-issued ID and proof of address. Businesses may require KYB documentation. Once the verification is complete, the FTMO Account Agreement is unlocked for signing in the Client Area. KYC required at Live Sim stage.
Restricted Countries OFAC-sanctioned countries including Iran North Korea Syria Cuba and other restricted jurisdictions Afghanistan Albania Algeria American Samoa Barbados Belarus Burkina Faso Burundi Cambodia Central African Republic Cuba Democratic Republic of the Congo Eritrea Guam Guinea Guinea-Bissau Haiti Hong Kong Iran Iraq Kazakhstan Kosovo Libya Mali Morocco Myanmar Nicaragua North Korea Pakistan Palestine Panama Puerto Rico Russia Samoa Sierra Leone Somalia South Sudan Sudan Syria Tunisia Uganda Ukraine (Crimea Donetsk Luhansk) United Arab Emirates United States Minor Outlying Islands Venezuela Virgin Islands (US) Yemen Zimbabwe Cuba Iran Lebanon Syria North Korea Libya Russia Sudan Somalia South Sudan Vietnam United Arab Emirates Hong Kong Belarus Myanmar Central African Republic Democratic Republic of Congo Congo Ethiopia Nicaragua Venezuela Yemen Philippines Kenya Algeria Morocco United States

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