Western Standard has been flagged by The Dutch Authority for the Financial Markets for "Fraud and Other Types of Misconduct". The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Western Standard. This company is a suspected boiler room, a form of online investment fraud. Western Standard has approached persons without being asked, to offer them investment proposals. A ... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: https://westernstandard.inc/.
Customer support at Western Standard seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Great customer service|Easy withdrawals|High security standards
Cons: Website design could be more modern|Could offer more webinars
The spread at Western Standard is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after hearing about them at a conference and initially thought the platform was good - until I started trading seriously.
Pros: Full transparency|Responsive team
Cons: Minor UI glitches occasionally|Charting tools need more indicators
Do not use Western Standard for anything serious. I used them since last summer 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: Low minimum deposit|Personal attention|Risk management tools
Cons: Inactivity fee applies after 12 months
Opened my account with Western Standard 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: Regular updates|Easy to use platform|No hidden fees|Demo account available
Cons: Minimum deposit could be lower
The mobile app from Western Standard 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: Economic calendar|Risk management tools
Cons: Email notifications too frequent|No live chat on mobile