Standard
Abstract：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.
| 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).
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