Welcome to the Standard FX review. Their website can be found at standardfx.org. They claim to provide managed Forex accounts that generate 37% in weekly returns.
In addition to managed Forex accounts, StandardFX also buyers and sells Cryptocurrencies. They also sell a Forex trading software called V2 Signal.
This software costs $500. As for their managed accounts, investors are expected to start with at least $1,000 for better results.
Standard FX website proclaims that their operations span over a decade and their integrity has never been put to question.
However, Standard FX website appear to be very new with insignificant traffic coming in every day.
If they’ve been around for the last 10 years, we expect them to be among the most popular managed account providers in 2020.
But this is not the case.
For that reason, we’ll provide a thorough analysis of Standard FX and their financial services so the community can decide whether or not they’re a viable option.
And of course traders can search for genuine products and services that enhance trading on this page.
Standard FX review
StandardFX does not disclose ownership information and neither do they provide their location.
This is certainly critical when it comes to writing a review like this. We want the team to properly identify themselves to the community.
Also, we’re not sure what kind of investment experience they have.
Their about us page consists of vague information which is sort of repetitive instead of providing us with meaningful information pertaining to their background and the services they offer.
They want the community to know that Standard FX has core values and a vision and mission.
They list the following benefits on their website:
- Understanding client needs and commitment to meet them
- Constantly reviewing profitability to meet client needs
- Working as a team to deliver as promised to clients
Their mission is to help investors navigate the populated world of managed Forex accounts by leveraging their wealth of experience and contacts.
This information does not tell us what investment strategy they’re using on their managed Forex accounts to gain the kind of results they claim to have.
Trading strategy of StandardFX
They tell the community that Standard FX traders are making several hundreds of trades every 24 hours.
We’re not sure what kind of strategy this is because in scalping with a Forex robot, we can’t trade with that frequency since there are not so many opportunities in the market place.
Their trading style suggests that they’re scalping. However, if they say several hundreds of trades every 24 hours, this makes the whole statement meaningless.
Furthermore, they’re not providing us with the exact methodology or approach to the Forex market.
We expected a vendor like Standard FX to provide details of their trading approach so that the community can decide whether or not to use them.
Too good to be true returns
Standard FX advertises their financial services as one that provides 37% weekly returns.
Obviously this is a far fetched claim. We’re not sure whether the vendor can demonstrate these results from their own verified trading account.
We see that they’ve partnered with several Forex brokers. So it should not be an uphill task connecting any of their master accounts with a myfxbook platform.
The best managed Forex accounts can produce up to 20% on a monthly basis if they trade with high risk.
StandardFX claims to generate 37% in weekly returns yet they have no trading methodology to support the claim.
The service is beginning to look suspicious because no managed Forex account provider can produce these results.
Trading results of Standard FX
StandardFX has not produced any verified trading performance to support their income claims.
That said, we see that the only “trading results” they can produce are a bunch of Telegram screenshots showing deposits, profits, withdrawals and currency pairs traded.
This is certainly far from what we expect.
In 2020, a managed Forex account provider must not use corny tactics to present their supposed trading results.
In this case, Telegram screenshots are not considered legitimate trading results. If anything, these “trading results” can easily be edited if not cherry-picked.
To cut a long story short, Standard FX is not able to prove that their team of traders are producing 37% weekly returns.
Apart from sounding too good to be true, the vendor does not have any trading results that suggests that they’ve attained this figure before.
Other services provided by this managed account provider
They provide V2 signal Forex software. The vendor has not explained whether this software is an indicator or an expert advisor.
However, the cost of a license is $500. With no information to elaborate what they sell, the community can only ask questions concerning the viability of the software in question.
Besides this, Standard FX is providing a service for buying and selling Cryptocurrencies.
We don’t know how genuine this is.
Looking at their moda operandi, we see traders being directed to deposit funds into Standard FX bank accounts so that Cryptocurrencies can be released.
There’s no escrow and security of funds is not guaranteed in this type of operation.
It is better to buy or sell Cryptocurrencies with a service like localbitcoins because there’s more transparency and security as well.
It’s impossible to lose funds in this kind of setup.
Standard FX is only talking of a service that they’re purportedly offering but omitting important information such as trading methodology, demonstrated results and trader background.
They need to fix these in order to be trusted. Otherwise, it’s just a waste of their time putting up a web page that advertises a service like theirs.
Thanks for reading the Standard FX review. We hope you’ll provide your feedback regarding this service.