SGB is one of the firms that provide proprietary trading services by offering various accounts and specific rules for traders. The company’s motto is to support professional Iranian traders in acquiring trading capital. Below, we will review the firm’s features and plans.
Trading Plans
SGB Prop Firm offers two types of trading plans:
- Plan A: This plan has a specific time limit.
- Plan B: This plan has no time limit and is designed for traders who need more time.
Comparison of Plan A and Plan B
| Feature | Plan A | Plan B |
| Time Limit | Phase 1: 30 Days, Phase 2: 60 Days | No Time Limit |
| Minimum Trading Days | 5 Days | 3 Days |
| Phase 1 Target | 8% | 10% |
| Phase 2 Target | 4% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 12% | 12% |
SGB Prop Firm Accounts
SGB Prop Firm offers accounts with different balances that traders can choose from based on their needs. The details are listed in the tables below:
Pricing Table for Class A Plan
| Account Balance | Phase 1 Target | Phase 2 Target | Daily Drawdown | Total Drawdown | Min. Trading Days | Platform |
| $5,000 | $400 | $200 | 5% | 12% | 5 Days | MetaTrader 5 |
| $10,000 | $800 | $400 | 5% | 12% | 5 Days | MetaTrader 5 |
| $25,000 | $2,000 | $1,000 | 5% | 12% | 5 Days | MetaTrader 5 |
| $50,000 | $4,000 | $2,000 | 5% | 12% | 5 Days | MetaTrader 5 |
| $100,000 | $8,000 | $4,000 | 5% | 12% | 5 Days | MetaTrader 5 |
| $200,000 | $16,000 | $8,000 | 5% | 12% | 5 Days | MetaTrader 5 |
Pricing Table for Class B Plan
| Account Balance | Phase 1 Target | Phase 2 Target | Daily Drawdown | Total Drawdown | Min. Trading Days | Platform |
| $5,000 | $60 | Not Required | 5% | 12% | 3 Days | MetaTrader 5 |
| $10,000 | $98 | Not Required | 5% | 12% | 3 Days | MetaTrader 5 |
| $25,000 | $174 | Not Required | 5% | 12% | 3 Days | MetaTrader 5 |
| $50,000 | $329 | Not Required | 5% | 12% | 3 Days | MetaTrader 5 |
| $100,000 | $522 | Not Required | 5% | 12% | 3 Days | MetaTrader 5 |
| $200,000 | $999 | Not Required | 5% | 12% | 3 Days | MetaTrader 5 |
More Details About the Plans
Class A Plan
In the Class A plan, traders must prove their skills in two phases. The first phase lasts for 30 days, and the second phase lasts for 60 days. In each phase, traders must reach a specific profit target while adhering to daily and maximum drawdown limits.
Class B Plan
The Class B plan is designed for professional traders and has no time limit. It is suitable for those who seek more flexibility in their trading. Additionally, the minimum trading days requirement for this plan is only 3 days.
Trading Rules at SGB Prop Firm
SGB has established specific rules for traders. Compliance with these rules is essential for successfully passing the challenge phases and obtaining live accounts:
- Trading During News Events: Allowed on a dedicated server but not permitted under normal conditions.
- Holding Positions Over the Weekend: Allowed.
- Using Expert Advisors: Automated trading expert advisors are not allowed.
- Copy Trading: Copying from other accounts is not allowed.
- High-Frequency Trading (HFT): Not allowed.
- Simultaneous Trading Risk: Maximum floating risk is 2-3%.
- Maximum Profit from Simultaneous Trades: 80%.
Key Features of SGB’s Plans
- Challenge Duration: Plan A has a 30 and 60-day limit, while Plan B has no time restriction.
- Drawdown: Daily drawdown is 5%, and total drawdown is 12% across all plans.
- Trading Platform: All plans use MetaTrader 5.
- Profit Split: Starts from 75% and can go up to 90%.
- News Trading: Allowed on a dedicated server.
- Weekend Holding: Allowed.
Commission & Trading Symbols
- Trading Instruments: Forex, Crypto, Indices, Metals, and Energy.
- Commission: $4.5 per lot.
Final Thoughts
SGB Prop Firm offers diverse plans and attractive features, making it a viable option for both professional and beginner traders. By providing two different plan types (Class A and Class B), the firm caters to various trader needs. Class A is ideal for those who prefer a structured evaluation process, whereas Class B is designed for traders who seek more flexibility.
Key advantages such as the ability to trade during news events, hold positions over the weekend, use the popular MetaTrader 5 platform, and enjoy competitive profit splits make SGB an appealing choice.
At Fundfa, we provide comprehensive and unbiased information about prop firms to help traders make informed decisions. Additionally, you can share your experiences and reviews about SGB on our website, allowing other traders to benefit from your insights. Your feedback helps Fundfa become the go-to platform for reviewing prop firms.
Before choosing a prop firm, always conduct thorough research, compare plans, costs, and rules. Fundfa allows you to easily access and compare detailed information about each firm. We also recommend reading user reviews to gain a clearer perspective on the actual performance of these companies.