Standard FX Asset has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.standardfxasset.com.
Standard FX Asset has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Tax reports included|Low minimum deposit|Stable platform|Quick verification
Cons: No phone support on weekends
The hidden fees at Standard FX Asset are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Social trading features|Clear documentation|Multiple order types|Dedicated account manager
Cons: Charting tools need more indicators
After for a couple of months now with Standard FX Asset, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Competitive fees|Smooth onboarding
Cons: Minor UI glitches occasionally|Limited ETF selection
Standard FX Asset has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Excellent charting|Stable platform|Great customer service
Cons: Could offer more webinars|Desktop app not available on Linux
The mobile app from Standard FX Asset is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Educational resources|Wide product range|Good mobile app|Good analytical tools
Cons: Alert system is basic|Minor UI glitches occasionally
Standard FX Asset changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Instant funding|Educational resources
Cons: Minimum deposit could be lower|None so far
The platform itself is okay, but the customer service at Standard FX Asset is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Real-time alerts|Multi-device support|Fast deposits
Cons: Currency conversion fee exists|Nothing significant
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Standard FX Asset is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
If you are reading this considering Standard FX Asset - run. I wish I had read more negative reviews after a trusted YouTuber reviewed them. I thought the positive ones were real. Maybe some are. My experience over since the beginning of the year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Copy trading available|Fast deposits
Cons: Limited ETF selection|Limited cryptocurrency options
Several red flags with Standard FX Asset: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials