Savius Review
Savius is a prop firm with a 2-step challenge which will qualify you for a $250,000 account for trading forex or futures with an 80% profit share and fixed salary.
Savius is a prop trading firm actively involved in recruiting and training talented individuals who are seeking a career as a professional trader. They are looking to finance the best traders across the world. Their goal is to equip a select group of traders with everything they require to make trading a full-time job. Savius encourages the ongoing study and improvement of strategic models while consistently adhering to a purely quantitative perspective on the link between risk and return.
They are one of the few prop firms that offers real capital beyond the appraisal stage and the chance to work for a genuine investment fund with a salary. Funded accounts can earn profits that are paid out monthly whilst losses are covered by Savius. If you have any inquiries or issues with the technology, the team is available to help you.
The prop firm believe in developing deep bonds with funded traders so they can be fully assimilated into the workplace. Their knowledge and independence inspire confidence in trading their capital, putting traders in a challenging and global environment and providing them with a good opportunity to pursue ongoing growth.
About
Savius is a private trading firm with US headquarters in Delaware. Savius LLC. They are the only futures trading firm that pays traders wages. Also, they provide the resources required to make your journey easier, as well as training and skills in trading. Savius offers you the resources and instruction you need to lay a strong foundation for your future.
Private investment firm Savius was established in 2013 and has traders in both the US and Europe. Its main function is to make capital gains on business funds by engaging in financial speculative activities on significant futures markets. The potential between traders looking to earn money via computers and those with the money was taken by the previous proprietors. In 2020, Gianluca Lambusta will serve as the Chinook Trading Academy’s CEO and Senior Trading Coach.
The main goal of this change of leadership was to open a proprietary firm to other professionals so they could trade with capitalised accounts without risking savings. In Italy, this programme was truly ground-breaking. Tiziano Bruno, Senior Trader Savius from 2017 and current CEO and Risk Management of the business, was also involved.
There are 3 steps to becoming a funded trader with a $250,000 account and 80% profit share with Savius. The first step is to choose and register for a challenge which is where the evaluation phase will commence. The second step is to go through the validation phase which will take you to the final step where you can generate real profits with successful trading.
Savius Limitless
The Savius Limitless and Savius Limitless PRO challenges give you the chance to participate and show off your trading prowess in order to open an account with up to $250,000 in capital. There is a one-off initial fee that you pay at the start, not at each stage.
The two challenges will be broken down into six parts that you must complete. Throughout these steps, you must demonstrate your trading prowess while always adhering to the guidelines that they have set down to manage their funds.
Step 1 Demo (Limitless / Limitless Pro)
- Initial Demo Capital: $50,000
- Max drawdown: $3,000 (6%) / $4,000 (8%)
- Profit target: $3,000 (6%) / $3,500 (7%)
- Minimum trading days: 10
- Minimum number of trades: 10
- Consistency: 50%
- Weekend trading: NO / YES
- Overnight trading: YES
- Trading on news: YES
- Time limit: 30 days
- Challenge cost: €249 / €499
Step 2 Demo (Limitless / Limitless Pro)
- Initial Demo Capital: $50,000
- Max drawdown: $3,000 (6%) / $4,000 (8%)
- Profit target: $3,000 (6%) / $3,500 (5%)
- Minimum trading days: 10
- Minimum number of trades: 10
- Consistency: 50%
- Weekend trading: NO / YES
- Overnight trading: YES
- Trading on news: YES
- Time limit: 30 days
- Challenge cost: €249 / €499
Step 3 Revenue (Limitless / Limitless Pro)
- Initial Demo Capital: $50,000
- Max drawdown: $3,000 (6%) / $4,000 (8%)
- Profit target: $5,000 (10%)
- Profit share: 70% / 80%
- Weekend trading: NO / YES
- Overnight trading: YES
- Trading on news: YES
- Challenge cost: €249 / €499
Step 4 Real (Limitless / Limitless Pro)
- Real Account Capital: $100,000
- Max drawdown: $4,000
- Profit target: $5,000 (10%)
- Profit share: 70% / 80%
- Consistency: 50%
- Overnight trading: YES
- Refundable fee: YES
- Challenge cost: €249 / €499
Step 5 Real (Limitless Pro)
- Real Account Capital: $150,000
- Max drawdown: $6,000
- Profit target: $10,000
- Profit share: 80%
- Fixed salary of $1,000 per month
- Access to the exclusive Group of Trader Savius
- Possibility of producing a Savius training course
- Overnight trading: YES
- Challenge cost: €499
Step 6 Real (Limitless Pro)
- Real Account Capital: $250,000
- Max drawdown: $10,000
- Profit share: 80%
- Fixed salary of $2,000 per month
- Possibility of employment in an American CTA
- Overnight trading: YES
- Challenge cost: €499
Savius Forex
Savius is an international trading platform that enables all Forex traders to take part in challenges and get a capitalised account that is ready to trade. This results in a significant advantage for the trader, who may operate using their money instead of putting their own capital at risk.
The Savius Forex challenge steps are very similar to the Limitless and Limitless Pro challenge. Starting with Step 5, you’ll start getting a fixed salary (in addition to the Profit Share). Any trading method is acceptable. You won’t be subject to any limitations from them like with some prop firms although there are some fair rules you need to be aware of.
Profit Share
If you possess a Limitless Challenge or a Limitless Pro Challenge, you can claim a 70% profit share or an 80% profit share in step 3. Nevertheless, since Step 3 is the first revenue stage, you can split it into two parts:
- As soon as you hit the profit target, you can collect the first 30% of your profit share.
- If you have amassed at least $1300 in net profits, you may claim the remaining portion of your profit share while managing your step 4 account.
Here’s an illustration:
Consider that you are in Step 3 of a Limitless Pro Challenge and have just surpassed your 5000$ profit goal. The total profit share you receive is $4000 (5000$ x 80% = $4000).
You may immediately claim 30% of your portion of the overall profit: $1200. The remaining $2800 of your Step 3 total profit share is yours to claim in Step 4, in addition to the eventual regular 80% profit share you accrued in Phase 4.
Please be aware that only Step 3 is impacted by this procedure. You can claim your 70% or 80% total profit share (depending on the package you selected) in one lump sum at the end of the month starting with Step 4 and higher.
Daily Drawdown
50% of the maximum drawdown is the daily drawdown. It is automatically determined based on the type of challenge (basic vs. pro) and the running step. Every 24 hours at 00:00 CET in the winter and 00:00 CEST in the summer, when they take a snapshot of your account, the daily drawdown resets and is fixed.
As a result, the daily drawdown is updated at the beginning of each new trading day. Please be aware that it will be sufficient to mark your challenge as “failed” if you reach the daily drawdown limit, whether with closed positions or with your open PnL.
Example: If your total trailing drawdown is $5000, the daily drawdown will be equal to $2500 in this scenario. If you close up your first trading session with a net loss of $400 USD on the same account, your second trading session will still have a $2500 daily drawdown.
Assume that the trailing daily drawdown balance is lower than the maximum daily drawdown balance. If you reach the maximum trailing drawdown figure in that instance, you can still fail the challenge without exceeding your daily drawdown cap.
Maximum Drawdown
As the maximum drawdown is determined using the highest equity, it is regarded as “trailing.” A Limitless Pro, for instance, would have a starting balance of $50,000, a trailing drawdown of $4,000, and an initial lower boundary of $46,000.
Let’s say you make 2k, increasing your top equity to $52k. The maximum drawdown would therefore be 48,000. As top equity is determined when the transaction is confirmed, this computation is always performed after the open trades are closed.
The maximum drawdown cap cannot ever be reached by any of your open positions. In other words, if your trailing drawdown is -4k, and the platform touches -4k as floating PnL, your position will be immediately flattened.
Consistency Rule
This rule does imply that the trading session (day) during which you make your best overall net profit cannot exceed 50% of the overall profit. This will stop you from hitting the profit target with a few fortunate trades. Not simply the net PnL, but also the consistency of the candidate must be assessed.
In the case when $ maxProfit = ($ actualProfit * 0.50) an account is consistent. The current balance less the starting balance is what they refer to as $ actualProfit (50K). For example:
- Maximum profit: $ 1,725.00 – Current profit from the starting balance 50K: $ 2,030.00
- Formula result: 1725> 1015 (Not consistent because maximum profit exceeds the result)
- Current profit to be achieved with that maximum profit: 1725 / 0.5 = $ 3,450.00
Brokers
The Savius partner broker is FP Markets who are a very well respected and regulated brokers firm. They have excellent trading conditions including tight spreads, low commission fees and deep liquidity to ensure quick trade execution at the best available prices. You can trade with confidence and focus on your strategies knowing they are using a trusted broker.
Platforms
The available platforms for the futures challenges is VolSys or VolBook license from Volumetrica Trading. The available platform for trading forex is MetaTrader 4 (MT4). Rithmic’s R-Trader Pro and NinjaTrader are also available.
Savius will not offer you any support for the trading platform of your choosing because they assume you are already familiar with the platform for which you are paying the licence fee (if applicable).
They can also offer the Rithmic Data feed for use with any suitable platform. However, the user dashboard for Rithmic does not update in real-time, thus you must manually monitor your trailing Drawdown on your R Trader account. They only accept the operational reliability recorded on R Trader and thus won’t take into account your trading platform’s distinct trading history because of this.
Instruments
You can choose between trading forex currency pairs or trade futures markets including CME, EUREX, NYMEX, CBOT, COMEX. Forex trading has leverage up to 1:100 and they are one of only a few futures prop firms that offer the EUREX, The Trading Pit being another option.
Trading Course
The Savius Trading Camp tailored training programme offered can be exactly what you need if you are looking to brush up on your trading skills and expand your market knowledge.
Dashboard
In the Savius website, each user has access to a private space. Within, you’ll discover useful data about your development. Please be aware that the Dashboard balance only refreshes once every 24 hours as of right now.
| Maximum capital | $250,000 |
| Profit split | 80% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Overall, Savius is a professional prop trading firm for anyone who is looking to get a funded forex or futures account. The capital is capped at $250,000 which is not the highest in the industry but you can build up the account with good trading. However, the profit share of 80% is generous, especially considering that you get a fixed salary on top. Another leading prop firm in FTMO provide a 90% profit split but no salary as a comparison.
You can trade a vast array of financial instruments across various asset classes on some of the best trading platforms for both retail and professional traders alike. The trading conditions are flexible, with most trading strategies accepted. They don’t allow automated trading with third-party expert advisors but The 5%ers do if you are looking to use a prop firm EA.
There are various Savius challenges that you can choose from, with a 2-step evaluation process. The objectives are fair and achievable. If you are looking for instant funded accounts, then Instant Funding are another option to consider. Other than that, Savius are certainly worth consideration if you think you have the skills and risk management required to qualify and trade investment capital.
