Secure Citizen Standard Bank (scsbonline.com) has been flagged by Australian Securities and Investments Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After for roughly four months with Secure Citizen Standard Bank (scsbonline.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Intuitive for beginners|Segregated accounts|Automated trading options|Clean UI
Cons: No live chat on mobile
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
Tried to withdraw my funds from Secure Citizen Standard Bank (scsbonline.com) and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
My card was charged twice by Secure Citizen Standard Bank (scsbonline.com) on the same day. I had to dispute it with my bank. Secure Citizen Standard Bank (scsbonline.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Detailed reporting|Market news feed
Cons: Slow to add new assets|Onboarding videos are outdated
After seeing ads for Secure Citizen Standard Bank (scsbonline.com) online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Australian Securities and Investments Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Not registered with regulators|Unrealistic promises
The reporting at Secure Citizen Standard Bank (scsbonline.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Full transparency|Smooth onboarding|Economic calendar
Cons: Inactivity fee applies after 12 months|Wish they had more educational resources
Opened my account with Secure Citizen Standard Bank (scsbonline.com) through word of mouth in my investment club and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Stable platform|Educational resources|Helpful community forum
Cons: No fractional shares|Limited social trading features
I wanted to transfer my portfolio from another broker to Secure Citizen Standard Bank (scsbonline.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Fast deposits|High security standards|Easy withdrawals|No hidden fees
Cons: Inactivity fee applies after 12 months