Gras Savoye, officially known as Gras Savoye & Cie, was founded in 1907 and has established itself as a prominent player in the insurance brokerage sector. The company's headquarters are located at 33-34 Quai de Dion Bouton, Puteaux, France. Gras Savoye operates as a private company, primarily serving the French market but also extending its services internationally.
The firm specializes in providing a range of insurance and risk management solutions to various client segments, including large corporations, small to medium enterprises (SMEs), and public entities. Over its long history, Gras Savoye has achieved significant milestones, including becoming the leading broker in France since 1992 and expanding its operations through strategic partnerships and acquisitions.
As a subsidiary of Willis Towers Watson (WTW), one of the largest advisory, broking, and solutions companies globally, Gras Savoye benefits from extensive resources and expertise. The company operates on a business model that encompasses insurance brokerage, risk management consulting, and employee benefits consulting, catering to both retail and institutional clients.
Gras Savoye is regulated by several key authorities, including the Financial Conduct Authority (FCA) in the United Kingdom. The company's regulatory license number under the FCA is 495825. This license allows Gras Savoye to operate within the scope defined by the FCA, ensuring compliance with local laws and regulations.
The regulatory framework under which Gras Savoye operates includes stringent requirements for client fund segregation, ensuring that customer deposits are kept separate from the company's operational funds. This practice is crucial for protecting clients in the event of financial difficulties.
Gras Savoye adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, implementing robust procedures to verify client identities and monitor transactions for suspicious activities. These measures are essential for maintaining the integrity of the financial system and protecting clients from fraud.
Gras Savoye offers a diverse array of trading products and services, primarily focusing on foreign exchange (forex) and Contracts for Difference (CFDs). The broker provides access to a wide range of currency pairs, including major, minor, and exotic pairs, catering to the needs of various traders.
In addition to forex, Gras Savoye offers CFDs on several asset classes, including:
The product offerings are regularly updated to reflect market trends and client demands, ensuring traders have access to the latest investment opportunities. Gras Savoye provides retail trading services, allowing individual clients to participate in the financial markets, while also catering to institutional clients with tailored solutions.
Gras Savoye supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are favored by many traders for their user-friendly interfaces and robust functionalities. These platforms enable traders to execute trades, analyze market trends, and utilize automated trading strategies through Expert Advisors (EAs).
In addition to MT4 and MT5, Gras Savoye may offer a proprietary trading platform, providing unique features designed to enhance the trading experience. The broker also supports a web-based trading platform, allowing clients to trade directly from their browsers without the need for software installation.
For mobile trading, Gras Savoye provides applications compatible with both iOS and Android devices, ensuring that clients can manage their trades on the go. The broker employs advanced execution models, including ECN (Electronic Communication Network) and STP (Straight Through Processing), to facilitate efficient trade execution.
The broker's technical infrastructure is supported by strategically located servers, ensuring low latency and high reliability. Furthermore, Gras Savoye offers API access for clients interested in algorithmic trading and custom trading solutions.
Gras Savoye offers various account types to cater to different trader needs. The standard account typically requires a minimum deposit, with competitive spreads and commissions. Advanced account types, such as VIP or professional accounts, may offer enhanced features like lower spreads and personalized support.
The broker also provides Islamic accounts to accommodate clients who require compliance with Sharia law. For those looking to practice their trading strategies, Gras Savoye offers a demo account, allowing users to trade with virtual funds.
Leverage options at Gras Savoye vary by product, with typical ratios ranging from 1:50 to 1:500, depending on the asset class. The minimum trade size is generally set at 0.01 lots, enabling traders to start with smaller positions.
Gras Savoye implements overnight fees for positions held beyond the trading day, which are clearly outlined in the trading conditions provided to clients.
Gras Savoye supports multiple deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements vary by account type, with specific conditions outlined for each.
Deposits are typically processed within 1-3 business days, depending on the method chosen. The broker may impose certain fees for deposits, which are detailed in the account terms and conditions.
For withdrawals, Gras Savoye provides various options, allowing clients to access their funds conveniently. Withdrawal processing times can range from 1-5 business days, depending on the method selected. The broker also has a transparent fee structure for withdrawals, ensuring clients are informed of any applicable charges.
Gras Savoye offers comprehensive customer support through multiple channels, including telephone, email, and live chat. The support team is available during business hours, accommodating clients across different time zones.
The broker provides support in several languages, including English, French, Spanish, and Chinese, ensuring effective communication with a diverse client base.
In terms of educational resources, Gras Savoye offers a variety of materials, including webinars, tutorials, and e-books designed to help traders enhance their skills and knowledge. Additionally, the broker provides market analysis services, including daily reports and research updates, to keep clients informed about market movements.
Trading tools such as calculators and economic calendars are also available, assisting traders in making informed decisions.
Gras Savoye primarily serves clients in France and other European countries, with a strong presence in regions where it has established local offices. The broker has expanded its reach to include clients in various international markets, leveraging its affiliation with WTW.
However, Gras Savoye may impose restrictions on clients from certain jurisdictions, including countries where trading regulations are stringent or where the broker does not have the necessary licenses to operate. Specific details regarding restricted countries are typically outlined in the broker's terms and conditions.
In summary, Gras Savoye broker stands as a reputable player in the insurance and financial services industry, offering a comprehensive suite of products and services tailored to meet the diverse needs of its clients. With a strong regulatory framework, a wide range of trading options, and robust customer support, Gras Savoye continues to be a trusted choice for traders and businesses alike.
FX1687292587
Hong Kong
I earned $20000 with $13000 principal on GRAS SAVOYE. They won’t let me withdraw and gave me no reason. This is a f**king scam.
Exposure
2019-04-27
FX3624677286
Hong Kong
The website is http://www.tagheuerworld.com/, in which I deposited 250 thousand RMB. But the withdrawal is now unavailable. The customer service is out of contact. Hope WikiFX safeguard the rights for me!
Exposure
2020-03-11