Dear All,
I am a former derivatives broker who trades professionally since 2007.
I am an enthusiast member of this forum since 2010 with the username Truccio77.
After reading a lot on this forum about Prop Firms , about two years ago I decided there was space on the market for a new one, a better one I hope, shaped by the voices heard on this and other forums.
I managed to find two partners, both with large experience in the broking and trading industry, who shared the same idea and we set up Savius (I am not putting the hyperlink to our website here as I don’t think that is allowed)
I have been reading this forum long enough to know what you are thinking: I would think the same, still I’m here ready to accept some genuine comments from the forum users. So hit me with your best shot!
Let’s start with what we do and why we do it.
What are we buying : we are “buying” traders’ potential. Why?
a) we think we can exploit it better than others and generate profit
b) we can leverage up our capital, diversify risk and boost the performance
c) we pursue an entrepreneurial approach to trading
What are we selling?: education, peak performance support (including risk management) and a few selected trading tools.
Why ? Because we genuinely think we can help traders.
And before you even get there.. 2 out of the 3 partners in this company trade for living, we don’t sell education for living.
Here are the first objections I want to remove before you guys start shooting them at me.
Why not simply hiring traders if you want to set up a Propfirm?
I tried to hire a few traders after a selection of almost 400 candidates…all with solid background and apparently profitable past performances. Unluckily that didn’t work for us and we have lost the allocated capital plus the paid salaries; that is why we switched to a more selective and conservative approach.
Are you going to give me the “ become a millionaire trader” bit?
All I am saying is that I am offering an opportunity, how good that would be, depends on you . We are not here to sell you an illusion: you will probably need a fix salary to be living only out of your trading. So your goal should be to perform so well to “force us” to hire you. We can’t estimate how long it would take you to get there.
Meanwhile if you manage to get some extra money at the end of each month without putting at risk a penny of you capital it can’t hurt you.
The parameters of the selection are too hard for it to be passed!
They are surely difficult, but not impossible. We tried to respect our risk culture as well as the thoughts of the users that we found on the forums. We also tried to pass the selection ourselves a few times and managed to do it quite easily. You can compare them with those offered by our competitors and judge yourself.
We don’t do options, nor forex, only futures. Only intraday, for the time being, but this may change during the course of the year.
Furthermore : If you have a proven real money track record of at least three months you don’t need pay to pass a selection .
“I am better off trading with my money then!” you could argue…
That is always an available option but we believe that becoming profitable using our company’ capital will be quicker and less painful than do it on your own. You can still go and trade on your own if/when you reach a certain confidence level, but till then we are your best option. We dare to say this on the basis of our professional experience and I don’t want to mention again the terrific industry standards as everybody knows them.
We provide the capital and the tools…
Even if you are already profitable on your own chances are with our money and support you will do exponentially better.
We strongly believe that among the losing traders there is a huge potential hiding…we are betting our money on that!
I also want to add, and again I talk for direct experience here, that you will get bored after 6 months trading at home in your pijamas, even if you are making money. Try to picture yourself in that situation for 5 -10 years, can you do it? With us you will be part of trading company, it’s only a start up for now, but who knows…
Are we there to make money on your commission?
No, at the moment we don’t get any rebates. You will be charged exactly what we pay. One day maybe we’ll have more volume and things will change but we have no intention to overcharge the traders with outrageous commissions.
An additional note:
Just to be clear: we won’t provide a freshly promoted live trader with 150,000 USD in cash only because he/she passed a 10 days test on a simulator. Some companies may use this idea as an attractive slogan, but we strongly doubt that is how things really go when we get to real trading.
We could advertise that we provide traders with an equivalent cash account of 150K, just to try and entice people to join us but we don’t want to lie about this point: you will be starting with the equivalent of a 15-20k USD account: in our opinion more than sufficient to evaluate a performance and get you started.
Still we can promise that we will really leverage up those traders who can perform steadily.
I am not going to talk about the courses or the tools we offer. There are endless sections on this forum about educators and tools in general, I would only discuss them in case someone has specific questions.
Still I strongly believe that the peak performance/risk management support we provide is very useful to all type of traders. Everyone needs a coach, even the best!
We have just started so you won’t find people giving you a feedback on us, except those who were hired by Savius as traders about a year ago which are more than welcome to express their opinion in case they are reading this.
Awaiting to be slaughtered… I wish you all a very nice day
I am a former derivatives broker who trades professionally since 2007.
I am an enthusiast member of this forum since 2010 with the username Truccio77.
After reading a lot on this forum about Prop Firms , about two years ago I decided there was space on the market for a new one, a better one I hope, shaped by the voices heard on this and other forums.
I managed to find two partners, both with large experience in the broking and trading industry, who shared the same idea and we set up Savius (I am not putting the hyperlink to our website here as I don’t think that is allowed)
I have been reading this forum long enough to know what you are thinking: I would think the same, still I’m here ready to accept some genuine comments from the forum users. So hit me with your best shot!
Let’s start with what we do and why we do it.
What are we buying : we are “buying” traders’ potential. Why?
a) we think we can exploit it better than others and generate profit
b) we can leverage up our capital, diversify risk and boost the performance
c) we pursue an entrepreneurial approach to trading
What are we selling?: education, peak performance support (including risk management) and a few selected trading tools.
Why ? Because we genuinely think we can help traders.
And before you even get there.. 2 out of the 3 partners in this company trade for living, we don’t sell education for living.
Here are the first objections I want to remove before you guys start shooting them at me.
Why not simply hiring traders if you want to set up a Propfirm?
I tried to hire a few traders after a selection of almost 400 candidates…all with solid background and apparently profitable past performances. Unluckily that didn’t work for us and we have lost the allocated capital plus the paid salaries; that is why we switched to a more selective and conservative approach.
Are you going to give me the “ become a millionaire trader” bit?
All I am saying is that I am offering an opportunity, how good that would be, depends on you . We are not here to sell you an illusion: you will probably need a fix salary to be living only out of your trading. So your goal should be to perform so well to “force us” to hire you. We can’t estimate how long it would take you to get there.
Meanwhile if you manage to get some extra money at the end of each month without putting at risk a penny of you capital it can’t hurt you.
The parameters of the selection are too hard for it to be passed!
They are surely difficult, but not impossible. We tried to respect our risk culture as well as the thoughts of the users that we found on the forums. We also tried to pass the selection ourselves a few times and managed to do it quite easily. You can compare them with those offered by our competitors and judge yourself.
We don’t do options, nor forex, only futures. Only intraday, for the time being, but this may change during the course of the year.
Furthermore : If you have a proven real money track record of at least three months you don’t need pay to pass a selection .
“I am better off trading with my money then!” you could argue…
That is always an available option but we believe that becoming profitable using our company’ capital will be quicker and less painful than do it on your own. You can still go and trade on your own if/when you reach a certain confidence level, but till then we are your best option. We dare to say this on the basis of our professional experience and I don’t want to mention again the terrific industry standards as everybody knows them.
We provide the capital and the tools…
Even if you are already profitable on your own chances are with our money and support you will do exponentially better.
We strongly believe that among the losing traders there is a huge potential hiding…we are betting our money on that!
I also want to add, and again I talk for direct experience here, that you will get bored after 6 months trading at home in your pijamas, even if you are making money. Try to picture yourself in that situation for 5 -10 years, can you do it? With us you will be part of trading company, it’s only a start up for now, but who knows…
Are we there to make money on your commission?
No, at the moment we don’t get any rebates. You will be charged exactly what we pay. One day maybe we’ll have more volume and things will change but we have no intention to overcharge the traders with outrageous commissions.
An additional note:
Just to be clear: we won’t provide a freshly promoted live trader with 150,000 USD in cash only because he/she passed a 10 days test on a simulator. Some companies may use this idea as an attractive slogan, but we strongly doubt that is how things really go when we get to real trading.
We could advertise that we provide traders with an equivalent cash account of 150K, just to try and entice people to join us but we don’t want to lie about this point: you will be starting with the equivalent of a 15-20k USD account: in our opinion more than sufficient to evaluate a performance and get you started.
Still we can promise that we will really leverage up those traders who can perform steadily.
I am not going to talk about the courses or the tools we offer. There are endless sections on this forum about educators and tools in general, I would only discuss them in case someone has specific questions.
Still I strongly believe that the peak performance/risk management support we provide is very useful to all type of traders. Everyone needs a coach, even the best!
We have just started so you won’t find people giving you a feedback on us, except those who were hired by Savius as traders about a year ago which are more than welcome to express their opinion in case they are reading this.
Awaiting to be slaughtered… I wish you all a very nice day
