Cryptocurrency Exchanges

Standard Groups Bank

1.7 (9 reviews)
🇳🇿 New Zealand
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1.7
9 reviews
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About Standard Groups Bank

Standard Groups Bank 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.

Customer Reviews

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Completely let down by Standard Groups Bank

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Sarah H.
3 months ago

I joined Standard Groups Bank after doing extensive research and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.

Pros: Fast support response|Tax reports included|Economic calendar

Cons: No dark mode on mobile

Do yourself a favor and skip Standard Groups Bank

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Seth V.
3 months ago

I trusted Standard Groups Bank with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Good mobile app|Educational resources

Cons: Spreads widen during volatile periods

Red flags everywhere

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Andrew A.
7 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Standard Groups Bank has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Cons: Unauthorized firm|Found in IOSCO warnings database

Rock bottom service quality

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Connor D.
7 months ago

After using Standard Groups Bank since I retired last year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.

Pros: Clean UI|Market news feed|Regular updates|Portfolio tracking tools

Cons: Onboarding videos are outdated

Would not recommend to others

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Alice V.
8 months ago

Standard Groups Bank offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.

Pros: Good mobile app|Competitive fees|Economic calendar

Cons: Could offer more webinars

They blocked me after I invested

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Edward N.
8 months ago

I want to warn everyone about Standard Groups Bank. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Pros: Professional looking website

Cons: Cannot withdraw funds|Not regulated|Pressure tactics

No ESG or ethical investing options

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Aria W.
9 months ago

After spending for a couple of months now trying to make Standard Groups Bank 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: Clear documentation|Intuitive for beginners|API access|Automated trading options

Cons: Spreads widen during volatile periods|Some tools only available on higher tiers

Terrible in every aspect

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Edward E.
9 months ago

I am in a dispute with Standard Groups Bank over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Good analytical tools|Comprehensive tools|Reliable uptime|Multi-currency support

Cons: Onboarding videos are outdated|Research section could be deeper

Trust broken beyond repair

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Dean E.
10 months ago

Standard Groups Bank 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: Social trading features|Regular platform improvements|Easy withdrawals

Cons: Onboarding videos are outdated|Help articles are sometimes vague