Standard FX Review (Managed Account)

Standard FX is a Forex managed account service that claims to “realize 20% weekly” through trading your Forex, bitcoin and binary options accounts on your behalf. This is obviously a significant return, which means we need to remain skeptical, because 80% per month is unrealistic. Today we will be providing a review, and letting you know if this service provider has the results to back up their claims.

The head offices appear to be located in Abuja, Nigeria. We don’t want to immediately judge the vendor based on their headquarters, but this part of the world isn’t exactly known for being incredibly trustworthy. The creators don’t introduce us to any of their “professional expert investors” or analysts which is concerning as well. If they want to put forward their best foot, they should be transparent about who is investing, and what type of experience they have.

In order to get in touch with support, traders can email standardfx7@gmail.com or phone +234 803 079 7998.

Standard FX Review

Our first impression of the Standard FX managed account service isn’t very positive. The website is poorly put together, and lacks the professionalism that all investors require. There are poorly placed advertisements, broken links and a general disregard to normal web formatting rules.

They claim to have long standing experience in the Forex market place, but we can’t seem to find any proof of that. We generally prefer vendors that provide proof of each claim. In this case, the creators of the service will mention something, and do nothing to verify it. Out of our recent reviews of managed accounts including Aeir Capital, Forex92 and Surge Forex, this appears to be the least professional.

Strategy

In terms of strategy, the Standard FX team simply claims that their “top secret trading methods” guarantee 20% or more per week. So, in short, they don’t provide any trading strategy, and continue to lack transparency.

The vendor provides no strategy insight, and no real information about who would be in control of your trading account one you hand it over. This is a really bad combination, and comes across as a scary proposition.

Call us skeptical, but we find it incredibly difficult to consider handing over any of our accounts to an unknown entity located in Nigeria.

Analysis

• Type: Forex managed account
• Price: Undisclosed
• Strategy: Undisclosed
• Results: Images

It’s difficult to provide a complete analysis of the Standard FX service, because the vendor provides little to no information. We don’t know how much the service costs, who they are, or the strategy they employ. The website is really an empty shell that needs to be filled out before they can be taken seriously.

Trading Results

The trading results are what you would expect from a service shrouded in so much mystery. The Standard FX group provide screen shot images taken from the MT4 application on someone’s phone.

The results are not updated often, and show a disjointed picture with no real sample size. They show results from early 2018, and then late 2019 with nothing in between. There is no way to track the successes and failures of the service because the vendor is simply cherry picking trades from a collection of accounts that aren’t explained in any way.

If they want to be taken seriously, they need to upload their results to Myfxbook, and show us their daily trades.

Conclusion

There is simply no reason to sign up with the Standard FX managed trading accounts service. Nothing about the presentation is professional, and they are lacking in all of the important areas investors need to see. We don’t know who they are, we don’t know how they trade, and they don’t show us any proof of their 20% per week promise.

This is one of the worst services we’ve reviewed in recent memory, and while we hate to use the word, it really does seem like a scam.

If you have anything you would like to add to our review, we would love to hear from you. Thanks for reading, and please check out the rest of Forex Robot Nation to see what works for us.