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Score
Isle of Man
2-5 yearsSuspicious Regulatory License
High potential risk
Influence
Add brokers
Comparison
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Exposure
Score
Regulatory Index0.00
Business Index6.80
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
Standard Bank
Company Abbreviation
Standard Bank
Platform registered country and region
Isle of Man
Company website
YouTube
Company summary
Pyramid scheme complaint
Expose
General Information & Regulation
Standard Bank is an investment bank registered in South Africa, with the company behind it and regulation information unknown.
Products & Services
Client can invest in range of sophisticated financial instruments such as CFDs, FX Spot, Shares, Exchange Traded Funds and Exchange Traded Commodities across various international stock exchanges.
Trading Platform Available
What Standard Bank offers is a Webtrader, which offers trading in Contracts for difference (CFDs) with the underlying instruments being 5600+ different stocks and Exchange Traded Funds (ETFs) across on 26 international exchanges as well as 15 international indices.
Stock Commissions
Standard Bank provides clear commissions details on its website. Take AMEX (American Stocks Exchange) as an example, the commission is 0.25% of trade amounts (minimum commission of 5 USD).
FX Spreads & Commissions
Standard Bank display spreads on forex currency pairs, for example, the target spread on the EUR/USD pair start from 2 pips, with a commission of 10 USD.
Administration Fee
An annual administration Fee (“Administration Fee”) of 20 (twenty) basis points will be charged in respect of each and every trading account held with The Standard Bank of South Africa Limited under the Terms of Business (“Terms”). The administration Fee is calculated as follows:
The daily closing value of the Client's open share positions [calculated as per close of the New York Stock Exchange] x 20bps x1/365. The Administration Fee is calculated daily and billed monthly in arrears.
Customer Support
The Standard Bank support team can be reached though telephone: 0860 121 555 (South Africa), +27 11 415 6555 ( International ), as well as email: securities@standardbank.co.za. You can also follow some social media platform including Facebook, Twitter, Youtube and Linkedin.
The Isle of Man Financial Services Authority says Standard Bank Isle of Man acted in breach of an order issued by the Island's courts.
South Africa’s biggest bank by total assets, Standard Bank is warning customers of a new tax-related scam doing the rounds as tax season gets into full swing.
Africa’s biggest bank by assets, Standard Bank Group, has retained its seat at the top of the banking pack in Africa.
Standard Bank has launched Africa Trade Barometer, which is expected to become Africa’s leading trade index.
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