Savius LLC Review: Prop Trading Firm Scam?
Savius LLC (saviusllc.com) is a Prop trading firm based in the United States and operating like Liberty Market Investment.
It is owned by Pietro Terzano and Massimiliano Zacchello. The website was registered in 2013.
However, the trading experience of the two guys cannot be verified just yet.
Also, like every other funded trading program, Savius LLC charges an upfront fee (which they say is refundable) to participate in their program.
The prop trading firm also provides education and tools needed to succeed in trading.
Students who join Savius LLC need to pass the trading combine in 10 days.
The sign-up fee is $198. During the 10 days, traders should make a profit of $2,000 while maximum loss per day should be $750.
Maximum total loss is $1,500.
If traders pass the combine (of course while observing the company’s terms and conditions), they get promoted to the next stage where they’ll be given new profit targets.
Is Savius LLC Legit or a scam?
Savius LLC does look like a legit company. But we prefer the safer approach of investing in these tools and growing your own money no matter how small it is.
It should be noted that prop trading firms operate using a business model that puts unskilled traders at a disadvantage.
Their business strategy is what puts many people off including myself.
The idea of giving someone money upfront in order to trade on a simulator is just not sitting right with most people.
The company also claims that the reason they charge fees upfront is because they want to filter out less serious traders.
But the way people view it is that this is a dubious approach. If they want to genuinely scout for talented traders, they should at least make the simulated trading experience free for all.
Should you join Savius LLC prop trading firm?
The choice is up to you.
So far, I don’t know of any traders who have successfully acquired funding from this company or any other prop trading firm.
If the fees is refundable and you have the time and commitment, perhaps you could try their service.
Conclusion
Thanks for reading our review. We still believe that anyone asking money upfront to let you trade a simulator always has an ulterior motive.
We’re yet to discover what SaviusLLC.com is up to.
Falstaff
Savius changed dramatically since your review.
Now the owner is Gianluca Lambusta who also manage the Chinooky SAGL training for aspiring traders business based in Switzerland.
About the so-called Limitless how can be for real a ‘Fixed salary of $ 2,000 per month’ in 6th phase ‘REAL’?
If a trader earns $10,000 in a month, they would keep 20%, i.e $2,000 according to the 80/10 profi share split. The other $8,000 are given to the trader. But Savius then should pay him/her $2,000 as a salary, too. So 100% of the net profits would be paid to the prop trader.
So, how can this business be sustainable if not by piggybacking the few winning traders with their own internal prop capital and larger leverage than the one allowed to the prop traders?…
Hope this help some further investigation. Thank you.