Savoy Investment Group does not disclose any legal information or the date of its establishment. As for the domain, it was only registered in June 2023 in the Iceland with Singapore registrar. In addition, the broker has neither a license nor the name of the company that manages its activities. However, the client agreement contains the legal address of the parent organization, which is located in Cyprus. Meanwhile, all transactions between the client and the company take place in the UK. Finally, the website lists 6 addresses of offices in different jurisdictions from EU countries to Africa and provides phone numbers of these branches.
Should a trader open an account here and transfer money to it? Is it safe to trade here? You will find out the answers to these questions after reading our Savoy Investment Group review.
The broker uses its own WebTrader platform for trading, which supports a version for PCs and phones. You can trade 6 types of assets, including traditional national currencies and cryptocurrencies. At Savoy Investment Group, you can trade on more than 250 instruments if you open and fund an account.
The site offers the following account types:
- Standard from $250, that includes 24-hour trading
- Professional from $10,000, with an additional account manager, a 30% deposit bonus and an Islamic account.
- Business from $30,000 already guaranteed to include the trader in corporate events, webinars, seminars, and the deposit bonus increases to 50%.
- Business Plus from $100,000, that also includes participation in VIP events, annual bonus, deposit bonus increases up to 100%.
For deposit/withdrawal, you can use in Savoy Investment Group only US dollars, making transfers via Visa/Mastercard. Nevertheless, there are also available bitcoin cryptocurrencies, ethereum tokens, electronic payment systems, and bank transfers.
The broker notifies the user in the client agreement that it may change the work of the platform or services of the company at its own discretion, with immediate effect of changes and without prior notice. However, the company will not be liable for any losses incurred by you. In addition, your claims for losses will not be entertained by anyone.
Savoy Investment Group’s website has a FAQ section that explains basic currency trading terms to the trader. The Education section also helps to expand your knowledge about the forex market. Apart from that, free webinars and video lessons, trainings, and seminars are available to registered clients.