SAVIUS TRADING PROP FIRM.
Savius Trading is a new proprietary firm in the forex world that provides traders with capital of up to $250,000. Their funding methodology is very typical; it entails a challenge step and a verification step before funding. The only prop company I’ve found with a fixed monthly income for traders in addition to an 80% profit split and a 1:200 leverage is Savius!
This Article Has All the Detailed Information of All You Need to Know About Savius Trading how To Become a Funded Trader by Savius, Savius Challenge and Verification Processes, Profit Split, Max Allocation and Answers to Some Frequently Asked Questions.
About Savius Trading
Savius Trading is one of the fast rising prop firm based in Delaware with traders all across the United States of America. The firm is on the lookout for trading talents with the goal to equip a community of traders with everything they require to make trading a legitimate career.
Savius encourages the improvement of strategic models while consistently adhering to a purely quantitative perspective on the link between risk and return.
How To Get Funded
To get funded by Savius Trading, traders are expected to pass a 3-stage evaluation challenge:
Stage 1: This is the easiest of the stages where the intending trader is expected to fill in the required registration details
Stage 2: This stage is the link between the registration stage and the funding stage, Here, traders are expect to validate their trading skills on a demo account. If they trade profitably, they will be compensated with a live account.
Savius proprietary Firm offers two types of Challenge, named the Savius Limitless and Savius Limitless pro.
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.
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 set down by Savius to manage funds.
Savius Limitless Challenge
This challenge is divided into four segment where you show your trading prowess. During the challenge, you need to prove that you can follow the established requirements for managing capital.
The cost of this challenge is one-time,The maximum number of trade days is 10, and the time frame for this step is 30 days
Savius Limitless Pro challenge
This challenge is divided into six segment. The maximum number of trade days for limitless pro is 10. Holding trades during the week, overnight and during news release is allowed.
See the breakdown of both packages below.
SAVIUS LIMITLESS DETAILS AND REQUIREMENTS.
The Savius Limitless challenge is the test you will need to take to evaluate your skills as a trader before you are given a capitalized trading account.
- SAVIUS LIMITLESS STEP 1
Initial capital: $ 100,000
Max drawdown: 4,000 (4%)
Profit Target: $ 5,000 (5%)
Profit share: 70%
Leverage: 1:200
Overweek: NO
Overnight: YES
Trading on news: YES
CHALLENGE COST € 249
SAVIUS LIMITLESS STEP 2
Starting capital: $ 50,000
Max drawdown: 3,000 $ (6%)
Profit Target: $ 3,000 (6%)
Minimum trading days: 10
Minimum number of trades: 10
Commissions: see table
Spread: see table
Swap Rates: see table
Consistency: 50%
Leverage: 1:200
Overweek: NO
Overnight: YES
Trading on news: YES
Time limit: 30 days
CHALLENGE COST € 249
SAVIUS LIMITLESS STEP 3
Starting capital: $ 50,000
Max drawdown: 3,000 (6%)
Profit Target: $ 5,000 (10%)
Profit share: 70%
Commissions: see table
Spread: see table
Swap Rates: see table
Leverage: 1:200
Overweek: NO
Overnight: YES
Trading on news: YES
CHALLENGE COST € 249
SAVIUS LIMITLESS STEP 4
Initial capital: $ 100,000
Max drawdown: 4,000 (4%)
Profit Target: $ 5,000 (5%)
Profit share: 70%
Leverage: 1:200
Overweek: NO
Overnight: YES
Trading on news: YES
CHALLENGE COST € 249
Please Note: The payment is one time, you will not have to pay for every single STEP
SAVIUS LIMITLESS PRO DETAILS AND REQUIREMENTS.
SAVIUS LIMITLESS PRO STEP 1
Starting capital: $ 50,000
Max drawdown: $ 4,000 (8%)
Profit Target: $ 3,500 (7%)
Minimum trading days: 10
Minimum number of trades: 10
Commissions: see table
Spread: see table
Swap Rates: see table
Consistency: 50%
Leverage: 1:200
Overweek: YES
Overnight: YES
Trading on news: YES
Time limit: 30 days
CHALLENGE COST € 499
SAVIUS LIMITLESS PRO STEP 2
Starting capital: $ 50,000
Max drawdown: 4,000 $ (8%)
Profit Target: $ 2,500 (5%)
Minimum trading days: 10
Minimum number of trades: 10
Commissions: see table
Spread: see table
Swap Rates: see table
Consistency: 50%
Leverage: 1:200
Overweek: YES
Overnight: YES
Trading on news: YES
Time limit: 30 days
CHALLENGE COST € 499
SAVIUS LIMITLESS PRO STEP 3
CHALLENGE COST € 499
SAVIUS LIMITLESS PRO STEP 4
Initial capital: $ 100,000
Max drawdown: 4,000 (4%)
Profit Target: $ 5,000 (5%)
Profit share: 80%
Leverage: 1:200
Overweek: YES
Overnight: YES
Trading on news: YES
CHALLENGE COST € 499
SAVIUS LIMITLESS PRO STEP 5
Initial capital: $ 150,000
Max drawdown: $ 6,000
Profit Target: $ 10,000
Profit share: 80%
Leverage: 1:200
Fixed Monthly Income: 1,000$
Overweek: YES
Overnight: YES
Trading on news: YES
CHALLENGE COST € 499
SAVIUS LIMITLESS PRO STEP 6
Initial capital: 250,000$
Max drawdown: 10,000$
Leverage: 1:30
Profit Share: 80%
Leverage: 1:200
Fixed Monthly Income: 2,000$
Possibility of being hired in an An American CTA
Please Note: The payment is one time, you will not have to pay for every single Stage.
Savius Maximum Drawdown
The maximum DD is determined by using top equity and is a form of “trailing” drawdown. An initial balance of $50,000, for instance, indicates that I would fail the test at $48,000.
My lowest cutoff would be 53k if the balance increases to 55k.
Savius FAQ’s
Does Savius allow the use of “Expert Advisors” ?
Yes it is only permitted to employ Expert Advisor if it is a propietary development. Third-party EAs that have been downloaded, purchased, or obtained from other means are not permitted.
How much time do I have to pass the challenges?
The profit target might be attained in STEPS 1 and 2 within a month of each other. You will no longer have a time constraint starting with STEP 3.
What happens after stage 6?
The only expected costs are dictated by the broker and include the data feed and commissions. Savius does not add any management fee costs
How does the compensation plan work and when do you get paid?
At the conclusion of each month, a profit sharing computation is made.
Receiving payment does not require that you have reached the required profit share for the subsequent phase (steps 4 and beyond).
Even if only for the percentage accrued in the most recent month, one can elect to receive payment of the profit share at the end of each month.
The balance achieved counts toward finishing the step even though the trader receives paid.
For instance, a $51,750.00 end-of-month balance in “Step 4”
The account is reset to the original value of the relevant Step, the profit share is determined from this $1,750.00, and the $1,750.00 contributes to the profit reached to go on to the next step.
Why Choose Savius/ Is Savius Legit?
Savius, is a leading prop firm who has produced Traders since 2014 and still is on the lookout for finance industry talent. with the goal is to equip small group of Traders with everything they require to make trading a legitimate career. Here’s why you should Trade with savius;
After the verification stage, Savius is one of the very few Prop Firms to offer Real Capital. Funded accounts earn monthly profits that are paid out. Losses are not in any way your fault.
Savius is very much legit, below is a review of what traders have to say.
Savius Review.
To read an in depth and unbiased reviews of Savius and what other prop traders have to say, please read this post >> Savius Review
info@saviusllc.com
If you like to sign up and commence your prop career with Savius , Please click here to go to their Official Website : www.saviusllc.com
