Company Profile
Company Profile
Review summary
| Standard Review Summary | |
| Founded | 1996 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (Suspicious Clone) |
| Products | Shares, Warrants, Futures, CFDs, ETPs, and Tax-Free Investing |
| Trading Platform | Standard Online Share Trading, ViewPoint |
| Minimum Deposit | R50,000.00 |
| Customer Support | South Africa: 0860 121 161 |
| International: +27 11 415 5000 | |
| Email: securities@standardbank.co.za | |
Standard Information
Standard, founded in 1996 in South Africa, is an online trading platform that offers diverse products, including shares, futures, CFDs, and ETPs via its Standard Online Share Trading and ViewPoint platforms. A minimum deposit of R50,000.00 is required for the Money Market Account.
Pros and Cons
| Pros | Cons |
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Is Standard Legit?
Standard's regulatory status is listed as “Suspicious Clone,” despite claiming to be regulated by South Africa's Financial Sector Conduct Authority (FSCA) under a financial services corporate license with number 26691.
| Regulatory Authority | Financial Sector Conduct Authority (FSCA) |
| Current Status | Suspicious Clone |
| Regulated by | South Africa |
| Licensed Entity | SBG Securities (Pty) Ltd |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 26691 |
What Can I Trade on Standard?
Standard provides various investment products, including shares, warrants, share instalments, futures, contracts for difference (CFDs), and exchange-traded products (ETPs), along with a tax-free investing option for selected JSE-listed instruments.
Standard Fees
- Brokerage is negotiable for clients trading volumes of R500,000 or more per month.
- A reduced brokerage rate of 0.4% applies to Standard Bank Private Banking Suite clients.
| Products | Costs |
| Shares | - Headline brokerage rate of 0.5% |
| - R110 minimum applies | |
| Contracts for Difference (CFD) | - Fixed brokerage fee of R50 |
| - Market-makers commission of 0.35% will be incurred per transaction | |
| - The exit leg of positions opened and closed on the same day will incur a reduced market-makers commission of 0.20% as a day trader's account | |
| Index futures | - R12.50 per contract plus VAT |
| Commodity futures | - 0.1% of the value of the underlying contract |
| - R110 minimum applies | |
| Currency futures | - R15 per contract plus VAT |
| Warrants and share instalments | - A flat brokerage fee of R50 per deal (if traded in a warrants account) |
| - Applies no matter how large your warrants deal is | |
| - NO STT is charged on warrant trades | |
| - Note: Normal shares cannot be traded in a warrants account | |
| Single stock futures (SSF) | - A brokerage rate of 0.4% will be incurred per transaction with a minimum of R110 |
Trading Platform
| Trading Platform | Supported | Available Devices |
| Standard Online Share Trading | ✔ | Desktop |
| Standard Online Share Trading | ✔ | Tablet, Mobile |
| ViewPoint | ✔ | Web |
Deposit and Withdrawal
The minimum deposit for the Money Market Account is R50,000.00 (fifty thousand rand).
FX3771580176
South Africa
Firstly they said I must register to so I can have an account and I did and believe it was legit, after that they asked me to deposit R2000 so that I can make a profit of R20000 in 3 days I told them I will make a deposit of R1000 because I won't afford R2000 It was end January they gave a Standard bank account details, before making a deposit I saw that okay it a business account of which it gave me more hope, then later on they said my profit R50 000 in order for me to get that profit.
Exposure
fxhjjj
Malaysia
I value the detailed charts and analysis tools Standard provides. They've helped me capture short- to medium-term market moves effectively.
Positive
美康严选徐伟襄阳
Spain
There is so little information on the website that I cannot find much information that is important to me. I think it's hard to attract customers like that, at least I'm not interested.
Neutral
高山流水27195
Hong Kong
After comparing fees on this platform with others, I decided to abandon it. Can you see that? Extra fees make me want to escape right now… I’ve chatted with their customer support, they are professional and patient👍👍👍 Unfortunately, I just cannot trade with it.
Neutral