A Quick Overview: What is SabioTrade and FundedNext?
SabioTrade and FundedNext are high-ranked prop trading firms that provide funding programs and operate on a profit-sharing scheme. Let’s delve into the similarities and distinctions between these two firms.
| SabioTrade | FundedNext | |
| Entry-level accounts ($10-50K) | ✔️ | ✔️ |
| Mid-tier accounts ($50-100K) | ✔️ | ✔️ |
| Large accounts ($200+K) | ✔️ | ✔️ |
| Scaling with leverage | Up to $2 mln. | Up to $4 mln. |
| One-step assessment | ✔️ | Depends on the assessment type |
| Refunds | ✔️ | ✔️ |
| Profit split | 80-90% | 60-90% |
| Price | $119 – 939 | $59 – 999 |
| Free education | ✔️ | ❌ |
| Unlimited time for assessment | ✔️ | Depends on the assessment type |
| Minimum trading days | 0 | 5-10 |
| Profit target | 10% | 5-25% |
| Daily loss limit | 3-5% | 3% |
| Max. trailing drawdown | 6% | Balance-based |
| Simple rules | ✔️ | ❌ |
| Trading platform | Quadcode trading platform | MT4, MT5 |
| Payout scheme | Anytime | Monthly/bi-weekly |
| Algorithmic trading | ✔️ | ✔️ |
| Trial account | ✔️ | ✔️ |
About SabioTrade
SabioTrade positions itself as a prop firm with the simplest flow and no unnecessary complexities. Traders earn a share of the profits generated from their trading activities in funded accounts of up to $200,000, while the firm provides the necessary tools and support.
Sabio offers a proprietary trading platform paired with a dashboard for tracking statistics. The platform features auxiliary tools such as indicators, widgets, calendars, price alerts, and more.
SabioTrade fosters a trading community through Discord and Telegram, providing an avenue for traders to connect. Additionally, the firm offers free training at their boot camp.
About FundedNext
FundedNext is a relatively young UAE-based propfirm. Just like Sabio, it grants access to funded accounts up to $200,000. FundedNext presents three assessment options and even compensates traders with a 15% payout during the assessment period.
Operated on MetaTrader with a separate dashboard, FundedNext maintains a community on Discord and Facebook. The company additionally organizes regular events tailored for traders across various countries.
One-Step/Two-Step Assessment
In both firms, traders need to undergo an assessment procedure before gaining access to a funded account. Let’s compare which one is easier to pass.
| SabioTrade | FundedNext | |
| Assessment types | 1 (Standard) | 3 |
| Stages of assessment | 1 | 2 |
| Profit share during assessment | No | 15% |
| Time limit | ∞ | From 5 hours to ∞ |
| Min. evaluation fee | $119 for a $20K account | $59 for a $6K account |
The table reveals that SabioTrade provides a more adaptive and straightforward assessment process, while FundedNext offers a range of options for traders to choose from.
SabioTrade offers a one-step assessment without time constraints, allowing traders to take the assessment at their own pace. Upon successful completion, access is granted to the paid-for account type.
Contrastingly, FundedNext offers three evaluation structures:
- Evaluation: Designed for those uncertain about their skills, requiring trading for a relatively modest profit in 2 stages over 4-8 weeks to gain access to a funded account.
- Express: Demanding a more ambitious profit target, but without time constraints.
- Stellar: Involves a lower profit target with no time limit, accompanied by minimal trading requirements to progress to the next phase.
Remarkably, FundedNext pays 15% profit during the assessment, while Sabio and the majority of other prop firms view the assessment as just a skill-proving test and don’t pay for it.
Bottom line: SabioTrade’s assessment is straightforward and easy to understand, while FundedNext’s challenge structure is more intricate and demands analysis, but it rewards traders with a 15% real profit.
Funding Program: Tariffs & Prices
So, how much will you have to pay for SabioTrade and FundedNext accounts, and what will you get for this money?
SabioTrade tariffs
| Funding | $20K | $50K | $100K | $200K |
| Profit % | 80% | 80% | 80% | 90% |
| Price | $119 | $289 | $479 | $939 |
FundedNext tariffs
| Funding | $6K | $15K | $25K | $50K | $100K | $200K |
| Profit % | 60-90% | 60-90% | 60-90% | 60-90% | 60-90% | 60-90% |
| Price | $59 | $119 | $199 | $299 | $549 | $999 |
SabioTrade offers 4 account types: Standard, Premium, Gold, and Platinum. Each one has a transparent fixed profit sharing scheme, and the plans appear to be 5-10% cheaper than the competitor’s.
FundedNext offers a wider choice of accounts, including a small and super cheap $6K account for beginners. However, the prices are higher: for example, one can buy a $20K account at Sabio at the cost of FundedNext’s $15K account, or save $70 with Sabio on the $100K plan.
Bottom line: FundedNext boasts a greater variety of tariffs, but they come at a higher cost compared to SabioTrade. Given FundedNext’s intricate profit-sharing system, one has to calculate the actual benefits for each tariff individually. On the contrary, Sabio offers a transparent scheme that doesn’t flex.
Trading Conditions: SabioTrade vs FundedNext
Let’s figure out how realistic our opponents’ profit targets are and explore other crucial trading conditions.
| SabioTrade | FundedNext | |
| Leverage | 1:30 | 1:30 – 1:100 |
| Profit target | 10% | 5-25% |
| Daily loss limit | 3% | 3-5% |
| Max . trailing drawdown | 6% | Balance-based |
| Trading commissions | No | $3/round lot on Currency Pairs & Commodities |
SabioTrade has lower scaling possibilities: a leverage of 1:30 vs. FundedNext’s 1:100. It has fixed median numbers for profit targets and other metrics and has no trading commissions except for the standard swap fees.
FundedNext offers a feature of a balance-based drawdown, which means the drawdown is calculated based on your balance. Yet, it charges higher trading commissions. The percentage schemes for profit target and other conditions vary based on the plan.
Bottom line: again, Sabio’s conditions are more clear from the get-go thanks to their fixed nature, while FundedNext can be less or more profitable depending on various factors.
Trading environment: Trading Platform, Dashboard, Assets
Now, let’s compare how trading unfolds in these two prop firms.
SabioTrade ecosystem
Sabio features a proprietary platform merged with the dashboard. Normally, prop firms offer only the dashboard, sending users away to third-party platforms. In the case of SabioTrade, you’ll trade on their own lightweight platform and can quickly switch to the dashboard without interrupting the trading flow. Here are the main features:
- Intuitive UI and gamified trading experience
- Over 100 in-built indicators
- Calendars, newsfeed, widgets, and price alerts
- Multicharting (up to 9 charts at a time)
From the SabioDashboard, you can access the platform, monitor your progress, check your account status, and know if there has been a rule breach. You can also manage your account, access educational videos and FAQ, and receive notifications and updates.
FundedNext ecosystem
FundedNext does not have its own brokerage and operates on the classic MT4 and MT5 engine. Traders have access to a convenient dashboard where they can:
- Monitor the progress of profit targets
- Track rule breaches
- Manage account settings
- Access support, etc.
Now, let’s compare the two in terms on tradable assets:
| SabioTrade | FundedNext | |
| Forex | ✔️ | ✔️ |
| Stocks | ✔️ | ❌ |
| Commodities | ✔️ | ✔️ |
| Indices | ✔️ | ✔️ |
| ETFs | ✔️ | ❌ |
| Crypto | ✔️ | ✔️ |
Bottom line: both competitors have a convenient and modern dashboard where one can monitor performance and profit. In FundedNext, you will have to switch to a third-party platform (MetaTrader), while in the case of SabioTrade, you can trade directly from the dashboard on a proprietary platform.
Sabio’s list of tradable assets is longer: on top of currency pairs, indices, and commodities, one can trade stocks, crypto, and ETFs.
Payments: SabioTrade vs FundedNext
Here’s a breakdown of payment methods you can use to buy plans and withdraw profits.
| SabioTrade | FundedNext | |
| Wire transfers | ✔️ | ✔️ |
| Credit/debit cards | ✔️ | ✔️ |
| E-wallets | ❌ | ❌ |
| Crypto | ✔️ | ✔️ |
Bottom line: SabioTrade and FundedNext are similar in terms of the available payment options.
Education: SabioTrade vs FundedNext
This is how things stand with the training with our today’s contestants.
| SabioTrade | FundedNext | |
| Trading education at boot camp | ✔️ | ❌ |
| Telegram analytics | ✔️ | ❌ |
| FAQ | ✔️ | ✔️ |
SabioTrade invests heavily in traders’ training. The company hosts a boot camp, online training with real experts, Q&A, and live trading sessions, etc. On top of that, Sabio traders can access insights and strategies from analysts in Telegram.
FundedNext, on the contrary, believes that prop trading is for professionals and does not provide any educational materials, except for FAQs explaining their complex funding model.
Bottom line: if you’re not very confident and seek learning opportunities, SabioTrade with its diverse training initiatives is a better fit. FundedNext, on the other hand, is suitable for those already confident in the market and in need of no assistance.
Full Comparison Of Prop Trading Firms: SabioTrade vs FundedNext – Who Comes Out on Top?
In terms of simplicity, SabioTrade is more accessible with a simplified traderoom + dashboard combo and fixed rules, offering clarity on costs, objectives, and potential profits. In contrast, FundedNext, with a more complex structure, provides flexibility but requires a steeper learning curve.
In terms of pricing, both companies operate in a similar price range. SabioTrade is slightly cheaper, lacking ultra-small accounts, with a minimum of $119 for a $20K account. FundedNext starts at $59 for a $6K account but has higher prices for similar-size accounts compared to Sabio. Additionally, FundedNext imposes trading commissions.
In terms of profitability, both firms set the profit ceiling at 90%. The minimum percentage at Sabio is 80%, while at FundedNext, it’s 60%. However, the latter pays 15% even at the assessment stage, while Sabio only pays to the real account holders.
What’s the Difference Between SabioTrade and FundedNext: A Summary
Having analyzed both competitors, we can conclude that SabioTrade is a more straightforward, cost-effective, and user-friendly platform for prop trading, making it ideal for beginners who may struggle with complex payment schemes. It’s also a top choice for those seeking educational resources.
On the other hand, FundedTrader offers greater flexibility, providing six account types and three evaluation structures with various sub-account choices such as one-step or two-step verification, consistency, or non-consistency. This allows you to choose the option that aligns best with your training level, risk tolerance, etc. However, it requires more time to study the product.