This forum has been brought to our attention as it has comments that have been written deliberately to tarnish our firm’s reputation, something that we pride ourselves on as an organisation. Upon reviewing this thread and others, we believe there are many questions raised about Savi, the company and how it works.
Firstly, we would like to clarify the points raised by Tom Smith who seems to have solely commented on this post after joining T2W, possibly just to target one particular company. He appears to have an uncanny resemblance (with respect to writing style) to an individual who has attempted to start 2 training firms over the past 6 months. (This is despite him stating he doesn’t believe in the model. Not exactly an individual that has the best intentions.)
Savi Trading do charge a fee for the course as stated on our website, but this fee goes towards providing the best services to our trainees in mentoring, training, research and providing them with an environment in which they can excel and become the best they can. The traders that meet the pre-defined targets are provided with trading funds, which are stated in our contract with the trader, offering them full transparency, so there is no denying a trader the opportunity if they meet the target.
The trading size that each trader eventually has access to has a positive correlation with the returns generated. If someone is consistently profitable, we will look to increase the funds available to them.
Sachin Shah, who is the head of trading, does not prop trade himself as he is running the overall business and is there to provide a solid support function to the rest of the mentors and un-biased market views. It must be stressed that heads of trading at most institutions do not actually trade, and are there to make sure they build a solid team that collectively can make a lot of money. With regards to total accounts being $60k, this is a silly and false accusation.
We place a huge amount of importance on our training, as we want the trader to be as profitable as possible, as then both parties succeed. The training is important in the long run as we are looking to develop each trader with the view that if they prove themselves and demonstrate consistency then there is the possibility that they will be employed by Savi Asset Management. Savi Asset Management (SAM) is a firm that specialises in managing capital for wealthy individuals as well as institutions, which is a regulated activity and as such it has the necessary authorisation. SAM recruits the most consistent revenue generating traders from Savi Trading, and provides them with a platform where they can (after becoming authorised) trade institutional size. The recruits are only sourced through Savi Trading as that way, we can provide a track record to SAM and an assessment of their skill having worked with the traders over a considerable length of time.
We should stress that Savi Trading are not here to teach you strategies but are here to develop the trainees into professional traders so they have the skills and resources available to develop their own strategies. This is more important as the markets are constantly changing and one strategy will not always work. Therefore, teaching strategies is rather frivolous given that at any given point in time these strategies could fail as market conditions change. We are not sure why the 5-8’s is being mentioned so much, but it is one of the many indicators out there, and it is good in trending markets when taking into consideration other indicators and market factors.
FX Week is a very credible newspaper which is read by the majority of the forex market and we are happy that they have taken an interest to write about Savi Trading.
One thing which we are very concerned with is brand strengthening, and we believe there is no value in lying or not providing someone with something we have promised, as a bad reputation can spread fast. Therefore, it is key to provide the best, as success breeds success. We are attempting to build a solid brand here, and understand the only way we can build that is by providing the best in everything we do. Our traders have great opportunities, as all our recruits are made in-house. This way, we understand the candidate better and can make sure, we get the individuals who fit the roles in the best possible way.
What we encourage people to do is come in and visit us, and they can speak with the traders on the floor and gain a better understanding of what we are offering and trying to do. We have nothing to hide and are very transparent on everything we do, rather than having an alias hiding behind a computer screen. Our ethos is to look after the ongoing development of each trader. We must stress that we have never had any complaints about any of our training, from our traders, or people on various forums, therefore we believe we must be doing something right.
We can definitely see the benefits of using these forums for information, but don’t feel there is any need to be here to try and tarnish reputations of any firms, therefore we advise if anyone wants to discuss something further, please call us on 0207 965 4630 or email
[email protected] to arrange a visit.
