The broker 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 review.

Trading Conditions

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. With this broker 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.

FAQ

Would investing in Savoy Investment Group offer the best returns?

Through its own platform, the broker can transfer your profitable deal to a losing one. In addition, you will not be able to file a claim. That's why you are more likely to lose your money than to make a profit.

Does Savoy Investment Group carry out withdrawals?

In front of us, there is a rather fresh resource, which is still in an unstable state. According to reviews, there are already problems with withdrawals. Please share your trading experience in the comments.

May I be scammed on savoyig.com?

The broker's claims about low commissions, high earnings, and numerous awards are not supported by anything. The company doesn't even have a license, a very bad website, and a fresh domain, so there is a high risk of fraud here.

What's the best way to share my experience with the broker?

Fill out the form and we'll make sure your voice is heard.

How can I tell if Savoy IG is a fraudulent company?

Do your own research and never believe those who promise you easy money.

Criteria

Jurisdiction: Offshore

License: No license

Leverage: 1:1000

Broker type: DD

Demo account: Yes

Affiliate program: Not indicated

Minimum deposit: 100$

Trading platform: WebTrader

Assets: Forex, CFD

7 reviews about Savoy Investment Group

Moth
July 27
Where are the documents?
I don't know who else will risk investing in this platform, but I know one trader who decided ‌not to consider the fact that Savoy Investment Group is a broker without authorization documentation from the regulator, after which he invested here about 9 thousand dollars in total. You know, I did not calculate exactly how much he transferred here, it's an approximate amount, but the fact is that after replenishing the deposit, no one paid him anything, he could not withdraw the money. Although this is all very strange, I do not see anything surprising, if we take into account that the administration has never provided evidence of the company's honesty. There is a regularity in all this, it is visible even to me, an inexperienced trader.
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Master
July 17
I am not sure of the reliability savoyig.com
I don't know how one can trust a little-known broker? Although the conditions are good, ‌I will step aside and watch.
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SKILL
July 12
Many different assets
I know a little bit about Forex. To begin with, I am used to choosing those sites that can provide not only 0% commissions, but also a normal list of assets to invest in. I am always looking for interesting projects in the financial markets. I immediately realized that this platform gives me the opportunity to make good money on EUR/USD, EUR/GBP :)
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Firedragon
July 12
It is profitable and very convenient to work here
I want to work with such a resource as this for as long as possible, because I already have about 6,000 dollars of profit, and now I just need to move gradually towards my goal, and it reaches 20 thousand. How did I manage to understand the functionality, tune in to trading, and even study new assets, if I am a beginner myself? The thing is that I was taught in Savoy Investment Group by experienced managers, as well as constantly giving useful advice, thanks to which now the broker is my main source of earning money, I trade 6-8 hours a day, of course with breaks.
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Yu
July 6
Trading invented by scammers
I can only recommend to stay away from such a platform as far as possible, if a person has money and wants not to lose it, but to increase it. The stories of the administration of the offshore service Savoy Investment about the Cypriot regulator are pure lies. They do not have an official license, and the site was created only a few weeks ago. In this case, I have only one correct action in relation to the broker - it is to put it on my personal Black List of Swindlers. That is where this service belongs, next to the other thieves.
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cargo
June 29
now I see
they called me and insistently asked me to open an account .. but I'm not so stupid and asked for time to think. I have been looking for reviews about savoy investment group for a long time and finally came here. thanks guys now i will refuse offers of this scam and waste of time and money
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mercury
June 29
Reasons why I believe this is a scammer
I was just surprised to see this site! Do people really open a trading account here and still want to deposit? Here are the reasons for my doubts
1) There are no good descriptions of trading conditions on the platform anywhere, and besides, who manages the official site? Conditions for clients are simply copied from another broker and Savoy didn't even bother to replace different legal data about the name and location.
2) The domain of the site was created only in June 2023, and I should note at once that they do not write from what time they work, but they have already earned a lot of awards (what kind, from whom?) - the clear discrepancy turns out. All this also acts as a sign that scam artists do not even try to somehow convince the client of their honesty
3) It is not clear what the minimum deposit amount‌ is here. Also, do you want to work with a broker that has no license? In this case, the broker not only remains anonymous, it brazenly writes in the client agreement that you should have no claims, if your money will be written off in an instant from the deposit!!! Even if you did have a claim, where would you turn? To which country? Cyprus or maybe the UK? I see deception in such basic points of the rules that I have no desire to work with such a company.
4) Their own terminal for manipulating traders' accounts and money is very convenient. By the incomprehensible trading platform I immediately saw this company as a fraudster. Honest and reliable firms will never put some dubious software for their clients, which is usually easily hacked.
Just look, I have already cited 4 points against Savoy IG, not to mention the fact that the company starts its work by cheating its clients on small things. I don't advise anyone to trade through, don't risk your money that much and stupidly.
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