It’s essential to note that the 30-day period commences upon the execution of the initial trade. However, a 7-day window is provided from the point of subscription registration on the dashboard for users to acquaint themselves with the platform in demo mode. At the conclusion of these 7 days, the Challenge will automatically initiate.
No. The evaluation phase can be paused simply by stopping the monthly fee payment.
Doing so will not cause the challenge to fail. It can be resumed later by simply renewing the payment of the suspended monthly subscription.
There is no need to wait for the end of the subscription, but once the profit target is completed, you must comply with the minimum trading days (21) while staying within the consistency parameters.
Trading day = total number of sessions with an open position.
Trading session = trading days in which trades have been opened.
No. The “Limitless V2” Challenges are structured to operate exclusively on regulated markets. For Forex and CFDs, we have the “Anti-Prop” challenge.
No. The “Limitless V.2” challenges do not support mobile trading, so having a PC is mandatory.
Yes, it is allowed but not recommended. Since there is a trailing DD policy, closing the position in profit would raise the MaxDD threshold, thus triggering the trailing on the negative position and possibly causing the MaxDD threshold to be hit.
Yes! Savius’ primary purpose is to recruit traders to join their team, creating a professional and long-lasting relationship.
The only platforms supported for this type of challenge currently are VolSys and VolBook.
t means that the trading session (day) where you achieve your best net total profit cannot equal more than 33% or 50% of the total profit (according to the evaluation step).
It prevents reaching the profit target through a couple of lucky trades. We need to evaluate the candidate’s consistency, not just the net PnL.
Example with 50% Consistency:
An account is consistent if $maxProfit <= ($actualProfit * 0.50)
For $actualProfit, it means the current balance minus the starting balance (50K)
Maximum profit: $1,725.00
Current profit from the initial 50K balance: $2,030.00
Formula result: 1725 > 1015 (Not consistent because the maximum profit exceeds the result)
Current profit to be reached with that maximum profit: 1725/0.5 = $3,450.00
In short:
33% Consistency means that the profit target cannot be reached with fewer than 3 trading days, with the maximum profit per day equal to ⅓ of the profit target.
50% Consistency means that the profit target cannot be reached with fewer than 2 trading days, with the maximum profit per day equal to ½ of the profit target.
If a trading day results in a profit greater than the threshold value determined by consistency, the relative surplus will be added to the new, updated profit target.
Daily profits are calculated based on the day the trade is closed.
Our maximum drawdown is calculated from the top equity, therefore it’s classifiable as “trailing”.
Example:
With a max trailing drawdown of $5,000, if the initial balance is $50,000, it means that if my balance reaches $45,000, I fail the test.
If the balance rises to $51,000, my new lower limit threshold is $46,000.
This calculation is always done once the open trades are closed, as top equity is calculated when the transaction is confirmed.
Your open trades cannot breach the maximum drawdown limit at any point. In other words, if your trailing drawdown is -4k, the platform will flatten your position immediately if it touches -4k as floating PnL.
When you have completed all the requirements to be promoted to the next step, your Dashboard will display the message “You have passed the challenge; move on to the next phase.” Click “activate the next step,” and the account will be created automatically.
In case of challenge failure, for just one time, you can start over from the beginning of the checkpoint step at no additional cost beyond the monthly subscription fee. If you fail again, the challenge will be considered failed.
Riceverai un contratto che dovrai compilare e firmare. Dalla firma del contratto verranno effettuate le verifiche del documento e il conto funded verrà attivato in 48 ore week end esclusi.
The account will not scale further, but the trader’s operations will be closely analyzed every month, unlocking the possibility of additional personalized conditions after getting in touch with the risk manager.
No. The maximum capitalization step does not have a profit target.
Each user has a personal area within the Savius dashboard. Inside, they will find helpful information about the progress of the test.
If you fail step 2 of the evaluation phase and you have already utilized the complimentary checkpoint, you will be granted the opportunity to purchase a new challenge at a reduced rate, reflecting a 40% discount, directly within the dedicated section of the dashboard, restarting from step 1.
If you are unsuccessful during step 1 or have already taken advantage of the checkpoint in step 2, the same offer will be available: you can repurchase the challenge with a 40% discount in the designated area of the dashboard.
There is no monthly evaluation fee during the funding phase. The only cost is the payment of the data feed (valid for 30 days).
The only costs are determined by the broker and include the data feed and commissions. Savius does not add any management fees.
It means that profits are split according to an 80:20 ratio, where 80% goes to the trader, and 20% goes to Savius.
As long as the account is not in drawdown, yes. The maxDD will be restored to its original condition.
You can use copy trading systems only and exclusively if you are copying from an account of your property where you manually enter orders.
Copy trading is not allowed if the trades are copied from any other source, being it another person or a signal room.
Please remember that our system can detect copy trading. The system will flag your account, and it will be suspended.
EAs are allowed only and exclusively if they are of your proprietary development. Third-party EAs, whether purchased, downloaded from the web, or obtained from other sources, are not allowed.
The use of EAs that utilize the following types of operations is not allowed:
Grid;
HFT (tick scalp);
Arbitrage;
In the event of reaching the maximum loss in the Funding phase, you are entitled to a 50% discount for purchasing a new challenge.
You will need to face a new challenge starting from step 1 to obtain a new funded account.
If you fail the test at step 2 due to MaxDD, if the monthly subscription is active, you can only restart from the beginning of step 2 for free once. A second failure will result in the definitive failure of the challenge.
La proroga di 30 giorni viene offerta al 30% in meno rispetto al prezzo originale della challenge.
The daily drawdown is a drawdown limit equal to 50% of the maximum drawdown granted in your challenge.
The magnitude of the drawdown is automatically adjusted depending on the type of challenge (Tier) and the step you’re at.
The daily drawdown is NOT trailing, but it resets every 24 hours from midnight UTC, ensuring that each trading session starts with the same daily drawdown.
Every day at midnight, a “snapshot” of your account will be taken, and the daily drawdown threshold value will be calibrated following one of the two conditions below:
If at midnight your total balance, including floating, is equal to or greater than the realised equity – that is, your balance excluding the floating of any open positions – the calculation of the daily drawdown will be determined based on the realised equity. This gives you more manoeuvrability for the management of any profitable positions.
If at midnight your total balance, including floating, is less than the realised equity due to an open position with negative floating, the calculation of the daily drawdown will be determined based on the total balance. This still allows you to have the entire % of daily drawdown available without penalties due to negative floating carried over from one or more previous trading days.
IMPORTANT:
Exceeding the threshold value determined by the daily drawdown, either with closed positions or open floating, will result in immediate failure of the challenge.
EXAMPLE:
If the maximum drawdown of the challenge is $5000, the daily drawdown will be 50% of this value, which is $2500.
If you end the first trading session with a net loss of $400, the daily drawdown for the second session will still be $2500.
If you finish the first trading session with an open floating of +$400, starting from a balance of $50000, the daily drawdown will be calculated from the value related to the realised equity, which is -$2500 from $50000.
If you finish the first trading session with an open floating of -$400, starting with a $50000 balance, the daily drawdown will be calculated from the value of the account balance, including the floating, which is -$2500 from $49600.
For a clear visual example of how the Daily DD mechanism works compared to the overall trailing DD, we recommend viewing the infographic included in this post.
ADDITIONAL NOTES:
If the daily drawdown threshold value is lower than that of the trailing maximum drawdown, the challenge can still fail due to exceeding the maximum drawdown.
In summary, the daily drawdown is a parameter that allows you to monitor and limit risk during a single trading session, offering flexibility in managing open positions. However, it’s important to bear in mind that exceeding the threshold value of the maximum drawdown can cause the challenge to fail, regardless of adherence to the daily drawdown limit. Therefore, it’s vital to pay attention to both the daily drawdown and the maximum drawdown during trading sessions.
Yes, it is possible within the maximum capitalization limit per user (300k).
Upon promotion from Evaluation to Funding, you will receive an email containing a digital contract to sign. After signing, the account will be automatically enabled. If this does not happen, please notify us via a ticket.
No. One scale-up per month is allowed until reaching the max funding size.
You can request only one payout per month.
Please note: as provided by our final agreement, active accounts must have a positive balance to be eligible for a payout at the time of the request. Although a trader may complete one step and start another in the same month, it is their responsibility to ensure that the balance of the new account remains positive at the time of the previous payout request
The invoice should be addressed to:
Savius Europe Sagl
VAT number: CHE373087493
Via Balestra 9, 6900 Lugano
The amount must be equal to 80% of the achieved profit.
The invoice should be sent to payment@saviusllc.com
You will receive it within the 15th of the following month.
You are not forced to request a payout. You can choose to reinvest your payout share into the MaxDD.
No, unless otherwise specified.
The account remains in the same balance conditions. Positions are closed, and the account is disabled until the data flow payment.
To ensure the execution of a limit order, there must be sufficient contracts executed at the specified price level, since each limit order is placed in a queue (for more details, please see: https://medium.com/insiderfinance/know-your-market-mbo-vs-mbp-datafeeds-485da0d5a436 )
To request verification of your position, we require the following:
The timestamp of the operation and the moment you believe your target price was reached;
A screenshot demonstrating that the Bid price has touched the take profit (in the case of a limit sell) or that the Ask price has touched the take profit (in the case of a limit buy).
Please note any refunds related to the operation itself can only be made during the evaluation phase.
Example: https://i.imgur.com/5DRAVvX.png
In this instance, only the ask price touched the limit sell, and a negligible amount of market buy was executed at that level, meaning the order wasn’t filled. As a result, the operation is not eligible for a refund.
Medium
Know your market — MBO vs MBP Datafeeds
This article will show you the main kinds of available data feeds and the aspects that differentiate CFD from Legacy Futures markets.
Immagine
Initially, you will be provided with a demo account equipped with virtual funds. Subsequently, it will be at the Company’s discretion to determine if and when the demo account transitions to a real one. Regardless of this, your share of the profit will always be disbursed in real currency to the account you specify. It’s crucial to emphasize that a demo account consistently reflects real market quotations, supplied by institutional liquidity entities. At the Company’s discretion, some of your trades may be replicated.
To download the platform from the dashboard and activate the account, it is necessary to pay for the datafeed. Only after activating the datafeed will your platform license will be delivered, making it downloadable.
The Volumetrica platform calculates the average price of the contracts for each position. Consequently, the entry point will always show the average price.
To request the payout, it is necessary that the account is in profit by +€500, net of the 20% split due to Savius.
Savius Prop Firm (Savius LLC, Savius Europe SAGL) reserves the right to verify the operations of traders operating on capitalized and non-capitalized Savius accounts.
We also reserve the right not to approve certain types of operations that violate the rules expressed in the contract and the FAQ published on our website (www.saviusllc.com), with the possibility of not considering all or some trades that are part of a Savius challenge or a capitalized account.
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I still have one of the old Limitless Pro or Limitless Base challenges. Where can I view the rules for each step?
You can find them here:
Limitless Pro
Overweek: Yes
Overnight: Yes
News: Yes
Step 1
Max DD: 5000 USD
Daily DD: 2500 USD
Profit target: 3500 USD
Minimum trading days: 10
Minimum number of trades: 10
Consistency: 50%
Time limit: 30 days
Step 2
Max DD: 5000 USD
Daily DD: 2500 USD
Profit target: 2500 USD
Minimum trading days: 10
Minimum number of trades: 10
Consistency: 50%
Time limit: 30 days
Step 3
Max DD: 5000 USD
Daily DD: 2500 USD
Profit target: 5000 USD
Minimum trading days: 10
Minimum number of trades: 10
Consistency: No
Profit share: 80% (30% upon completion; 50% in step 4)
Step 4
Max DD: 5000 USD
Daily DD: 2500 USD
Profit target: 5000 USD
Minimum trading days: 10
Minimum number of trades: 10
Consistency: No
Profit share: 80%
Challenge reimbursement upon completion
Step 5
Max DD: 7000 USD
Daily DD: 3500 USD
Profit target: 10000 USD
Minimum trading days: 10
Minimum number of trades: 10
Consistency: No
Profit share: 80%
Step 6
Max DD: 11000 USD
Daily DD: 5500 USD
Profit target: 5500 USD
Minimum trading days: 10
Minimum number of trades: 10
Consistency: No
Profit share: 80%
Limitless Base
Overweek: No
Overnight: Yes
News: Yes
Step 1
Max DD: 4000 USD
Daily DD: 2000 USD
Profit target: 3000 USD
Minimum trading days: 10
Minimum number of trades: 10
Consistency: 50%
Time limit: 30 days
Step 2
Max DD: 4000 USD
Daily DD: 2000 USD
Profit target: 3000 USD
Minimum trading days: 10
Minimum number of trades: 10
Consistency: 50%
Time limit: 30 days
Step 3
Max DD: 5000 USD
Daily DD: 2000 USD
Profit target: 5000 USD
Consistency: No
Profit share: 70% (30% upon completion; 40% in step 4)
Step 4
Max DD: 5000 USD
Daily DD: 2000 USD
Profit target: 5000 USD
Consistency: No
Profit share: 70%
Challenge reimbursement upon completion
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How does the scaling plan function within the Limitless Futures Challenge?
During the funding phase, a maximum of two scalings can be achieved with an aggregate profit of +30% from the point at which the initial funding phase is realised.
Example:
Initial Funding => +15% Profit => Scaling 1 => +15% Profit => Scaling 2.
Tier 20k
Funding: 20k => +15% => 30k => +15% => 40k
Tier 50k
Funding: 50k => +15% => 75k => +15% => 100k
Tier 100k
Funding: 100k => +15% => 150k => +15% => 200k
Tier 200k
Funding: 200k => +15% => 300k => +15% => 400k
Disclaimer
Savius Europe Sagl | CHE-373.087.493, Via Balestra, 96900 Lugano
