Anyone heard of Savi Trading?

i see what you are saying, and while i have been here, they have not spoken about asset management, so maybe it is something they decided they did not want to go ahead with, i am not sure. I know a few guys here a few months back got placed at asset management businesses, but these have nothing to do with savi, they just made introductions
 
only 1 post escobar? you surely had more than that i thought :confused:

ah the complaints/legals must be kicking in yes :LOL:

say the truth with good proof and they'll be more difficult for them to get binned, no proof it's now tough, you'll get blasted out the water.
 
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Stevie,

Pretty good for a dormant company.


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.

.
 
PBoyles,

As I stated previously, I was not aware of any asset management business or regulated entity when I joined about 6 months ago. It was never mentioned to me or the trainees around me. That post is from over a year ago so I will ask the guys about it.



Stevie,

Pretty good for a dormant company.
 
HI all. i joined savi about 3 months ago, and must say my experience is alot different to what you guys mention above. Whether you guys are competitors or not, i am not sure. I read these forums but then decided to do my own due diligence.

I went to see them, and also spoke to my cousin who is an fx options broker at tullets, and everything checked out. Guys on his desk knew of the partners of the firm, and they couldnt say a bad thing about them.

so i gave it a go. For the first week, it was an intensive course on their trading floor. now to be honest, as i have studied finance at university, the first few days were boring, but they needed to teach basics incase someone never knew anything about trading (trust me, there were a few people like that on the course). The rest of the course was great as not only did they teach good tech analysis, but they also showed us how fx actually works, i.e. how banks/funds trade around things like options, fixes etc, which was great. they also went into a module on creating computer models, which is something i wanted to learn once i understand trading.

i decided to take a desk for the first month, just so i am around traders and i can learn what they are doing. which was great. i hit my target by the start of month 2, and they put me live. the partners do indeed trade, and not small size either. there are a few professionals on the floor and these guys put joint posiitons on with the partners. i felt i was getting pushed to to trade.

I have been at home for the last 2 months. Trading steadily, but can see the benefits on being on the floor as from home, i have the tendancy to go for the odd nap or watch countdown lol. I have built my account up, and have told savi to take january's desk fees out of my profits, which is cool. so will be back in jan.

I knew when i started out that i would not become a millionaire within 6 months, as even on grad programmes at banks, it does take time to become profitable and you usually spend the first 6 months doing crap jobs on the desk. I was in a pretty fortunate position, where i recieved a nice redunandancy package, hence could pay for my living and savi for at least 1 year which is enough time i feel to be creating a good income.

I do not work for savi, so please dont start saying i do. I think they are trying their hardest and should be given a break. Alot of people on here get alot of pleasure out of putting down every firm here, but honestly, i think this was a good opp for me and i am glad i took it.

if you want to pm me feel free. good luck and happy trading!!
 
HI all. i joined savi about 3 months ago, and must say my experience is alot different to what you guys mention above. Whether you guys are competitors or not, i am not sure. I read these forums but then decided to do my own due diligence.

I went to see them, and also spoke to my cousin who is an fx options broker at tullets, and everything checked out. Guys on his desk knew of the partners of the firm, and they couldnt say a bad thing about them.

so i gave it a go. For the first week, it was an intensive course on their trading floor. now to be honest, as i have studied finance at university, the first few days were boring, but they needed to teach basics incase someone never knew anything about trading (trust me, there were a few people like that on the course). The rest of the course was great as not only did they teach good tech analysis, but they also showed us how fx actually works, i.e. how banks/funds trade around things like options, fixes etc, which was great. they also went into a module on creating computer models, which is something i wanted to learn once i understand trading.

i decided to take a desk for the first month, just so i am around traders and i can learn what they are doing. which was great. i hit my target by the start of month 2, and they put me live. the partners do indeed trade, and not small size either. there are a few professionals on the floor and these guys put joint posiitons on with the partners. i felt i was getting pushed to to trade.

I have been at home for the last 2 months. Trading steadily, but can see the benefits on being on the floor as from home, i have the tendancy to go for the odd nap or watch countdown lol. I have built my account up, and have told savi to take january's desk fees out of my profits, which is cool. so will be back in jan.

I knew when i started out that i would not become a millionaire within 6 months, as even on grad programmes at banks, it does take time to become profitable and you usually spend the first 6 months doing crap jobs on the desk. I was in a pretty fortunate position, where i recieved a nice redunandancy package, hence could pay for my living and savi for at least 1 year which is enough time i feel to be creating a good income.

I do not work for savi, so please dont start saying i do. I think they are trying their hardest and should be given a break. Alot of people on here get alot of pleasure out of putting down every firm here, but honestly, i think this was a good opp for me and i am glad i took it.

if you want to pm me feel free. good luck and happy trading!!

How long did it take you to make back your training and desk fees?
 
If the firms didn't partake in spam advertising and make false/exaggerated claims then nobody wouldn't not be sayin' nothing about 'em!
 
So they moaned to elitetrader and the mods posted this,

"Although I am not familiar with this company I thought it only fair to relay a message sent to me from one of the principals of the firm:

"We have never advertised Savi Asset Management publicly. This was a private internal venture and discussion between management and staff and continues to be a dormant company until further notice. In this post it suggests that our company has attempted to market the hedge fund to individuals when this has never been the case. This in fact is illegal when the entity is not actually FSA registered and implies that our company has been illegally marketing Savi Asset Management. Other than an article written by FX Week, there is no formal marketing of Savi Asset Management."
"

But on T2W they said this about themselves.

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.
 
wohh! dude that is nasty. these people have no morals, fake children in Nepal!

by the way if one was to have some info on crooked vendors and I wanted to get it to you how would I do that.

you are doing sterling work here pboyles.

One may respond to the PM I'm about to send you.
 
guys, be careful when reading what is written on these pages. Alot of the profiles are fake, and are set up just to bad mouth competitors. Do your own due dilegence.

PBoyles, who is always on this site slating every firm out there, and seems like he hates the model of paying for training, actually went on a course with amplify trading a while back. the fact he seems to think all companies providing this training are rip-offs would suggest this has something to do with his time at amplify, so you would assume that he would be writing negative comments on their thread as well as other threads, but if you take a look he has never written anything on their thread. he has just been caught out on another thread which i have posted the link to below, so have a read before you take anything pboyles says seriously. maybe he is still working with amplify??

http://www.trade2win.com/boards/first-steps/143750-aldersgate-trading-3.html

alot of other people on here are the same, but this is an example about one guy being caught out. so dont trust whatever is written here by whoever. Pboyles's comments (or lack of about amplify) made a friend join amplify and is seriously peed off. make sure you are not someone whose decision is swayed by someones comments on here! do your own due diligence!
 
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