Standard Bank

Standard Bank Information

Standard Bank was established in 1998 and was registered in South Africa. It offers over 20,275 tradable instruments, including CFDs, ETFs, indices, forex, stocks, and metals, and supports trading through the Standard Bank Webtrader platform. Although it offers a variety of financial products and services without charging transaction fees, the company is unregulated and lacks detailed information about account features. Investors should exercise caution regarding its legitimacy and transparency. Additionally, deposits incur a US$0.05 fee, and settlements typically take two business days to complete.

Pros & Cons

Is Standard Bank Legit?

Standard Bank is not regulated, so traders need to exercise caution when trading.

What Can I Trade on Standard Bank?

Standard Bank offers a wide range of over 20,275 trading instruments, including CFDs, ETFs, Indices, Forex, Shares, and Metals.

Fees

Administration Fee: 20 basis points will be charged.

Trading Platform

Standard Bank supports trading on the Standard Bank Webtrader platform. The platform does not charge transaction fees, and settlement is completed within two business days.

Deposit and Withdrawal

Customers can deposit and withdrawal mainly through bank transfer, and a fee of US$0.05 will be charged for deposits.