How do payments and refunds work at SabioTrade?
💡 Answer
Payment Methods: Credit/debit card, Bank transferThe 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.
Accepted payment methods, refund eligibility criteria, and processing times are detailed on SabioTrade official website.
More FAQs about SabioTrade
- Can traders use EAs, trade news, hold weekend positions, or copy trades at SabioTrade, and what strategies are prohibited?
- How does SabioTrade handle trader withdrawals in terms of payout limits, timing, and payment options?
- How is profit shared between the trader and SabioTrade at the maximum level?
- What instruments and markets can traders access at SabioTrade?
- How much leverage is available at SabioTrade for FX, indices, metals, and crypto assets?
- What are the supported trading platforms at SabioTrade, and who is the broker behind them?
- What are the spread, commission, and slippage conditions for traders at SabioTrade?
- What trading practices are restricted at SabioTrade, including rules on martingale and lot size limits?
- What drawdown structure does SabioTrade follow for traders?
- What are the main risk control rules enforced by SabioTrade during evaluations?
- What types of trading programs can traders choose from at SabioTrade?
- What type of trading challenges does SabioTrade require before funding?
- What is the funding limit at SabioTrade, and does the firm allow traders to scale their accounts?
- What is SabioTrade's Trustpilot rating and total review count right now?
- Does SabioTrade offer 2-phase, 1-phase, or instant funding programs?
- What should traders know about account limits at SabioTrade, such as max accounts, merging rules, and lot size limits?
- Does SabioTrade enforce identity verification, and when is KYC performed?
- Are traders from all countries allowed at SabioTrade, or are there restrictions?
Guides Where SabioTrade Is Featured
- Prop Firms Offering Crypto Leverage of 1:1 or Higher
- Prop Firms Offering FX Leverage of 1:30 or Higher
- Prop Firms Offering Indices Trading
- Prop Firms Offering Maximum Profit Split of 80% or Higher
- Prop Firms Offering Metals Leverage of 1:15 or Higher
- Prop Firms Offering More Than $100k in Funding
- Prop Firms Offering Profit Split Starting at 80% or Higher
- Prop Firms With At Least 3 Years in Operation
- Prop Firms with More Than 100 Trustpilot Reviews
- Prop Firms With MT5 Platform
- Prop Firms With Trustpilot rating of 3.2 or higher
- Top Prop Firms That Accept Clients From Algeria
These guides include SabioTrade alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
SabioTrade vs FTMO vs Seacrest Markets - Prop Firm Comparison (June 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 June 2026.
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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...
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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....
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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...
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| Overview | |||
| Trustpilot Rating | 3.6 | 4.8 | 0 |
| Trustpilot Reviews | 732 | 44,198 | 0 |
| 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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FTMO
Seacrest Markets