Standard Chartered has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The onboarding at Standard Chartered was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Dividend tracking|Two-factor authentication
Cons: Email notifications too frequent
I requested my data from Standard Chartered under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Intuitive for beginners|Personal attention|API access|Demo account available
Cons: Search feature is basic
I found Standard Chartered after a trusted YouTuber reviewed them and the initial impression was positive. But since early this year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Multi-currency support|Economic calendar
Cons: No fractional shares|Website design could be more modern
Do not use Standard Chartered for anything serious. I used them for about ten months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Regular updates|Smooth onboarding
Cons: Wish they had more educational resources|Nothing significant
After spending for over three years trying to make Standard Chartered work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Segregated accounts|Regular platform improvements|Two-factor authentication|Stable platform
Cons: Currency conversion fee exists