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South Africa|2-5 years|
Regulated in South Africa|Financial Service Corporate|Global Business|Suspicious Overrun|Medium potential risk|


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South Africa 9.66

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+27 0860 121 161
Internet Accounts P.O. Box 61309 Marshalltown, 2107 Johannesburg South Africa


VPS Standard
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Contact number


+27 0860 121 161


+27 11 415 5000

Broker Information


Company Name

SBG Securities (Pty) Ltd

Company Abbreviation


Platform registered country and region

South Africa

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-02
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 26691)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Standard · Company Summary

Aspect Information
Registered Country/Area South Africa
Founded Year 2-5 Years
Company Name SBG SECURITIES (PTY) LTD (operates as Standard Bank Centre)
Regulation Regulated by the Financial Sector Conduct Authority (FSCA) under license number 26691
Minimum Deposit Not specified
Maximum Leverage Not specified
Spreads Not specified (contact customer support for details)
Trading Platforms Web platform, Tablet and Mobile platform, ViewPoint
Products & Services Shares, Warrants, Covered Calls, Share Instalments, Futures Contracts, CFDs, Exchange Traded Products, Tax Free Investing
Account Types Demo Account (for educational purposes)
Islamic Account Not mentioned
Customer Support Phone: 0860 121 161 (South Africa), +27 11 415 5000 (International) Email: Standard Customer Support Email Twitter: SBGTraderZA YouTube: Standard Bank YouTube
Payment Methods Bank transfers, Internet Banking, ATMs, and more
Educational Tools Interactive Charting, Price Alerts, Custom Watch Lists, Market Research, Live Data, Product Filter, Market Data, News Service

General Information

Standard, operating as SBG SECURITIES (PTY) LTD from the Standard Bank Centre in Johannesburg, South Africa, holds regulatory oversight from the Financial Sector Conduct Authority (FSCA) since October 16, 2007, categorized as a Financial Service Corporate. However, it's important to note that the institution does not partake in data sharing and currently lacks trading software. Its product offerings include access to a diverse range of JSE Limited shares, warrants, covered call strategies, share instalments, futures contracts, Contracts for Difference (CFDs), and Exchange Traded Notes (ETNs) tracking various assets and indices. Additionally, they provide a Tax Free Savings and Investment Account (TFSA) for tax-efficient investments.

While Standard offers a range of educational tools to assist users in navigating the trading platform, specific details regarding spreads and commissions are absent from the provided information. For precise pricing details and to ensure transparency, it is recommended to reach out to their customer support. Furthermore, potential users should exercise caution and due diligence, as there have been reports of suspicious activities and potential scams associated with Standard, as highlighted in a negative review on WikiFX. It is crucial to verify the legitimacy and credibility of the institution before considering any financial transactions or investments with them.


Pros and Cons

Standard has its share of advantages and disadvantages. On the positive side, it is regulated by the Financial Sector Conduct Authority (FSCA) under license number 26691, ensuring a level of oversight and security. Additionally, it offers tax-free investing options and a diverse range of investment products. Multiple trading tools and platforms are available to cater to various trading needs. However, it lacks trading software at the moment and has received a negative review suggesting a potential scam. Users should also be aware of various fees, including withdrawal and brokerage fees, and the temporary suspension of phone calls during the COVID-19 lockdown. Limited information is provided regarding spreads and commissions.

Pros Cons
  • Regulated by FSCA under license number 26691.
  • No trading software available at the moment.
  • Tax-free investing options available.
  • Negative review suggesting a potential scam.
  • Offers a diverse range of investment products.
  • Various fees, including withdrawal and brokerage fees.
  • Multiple trading tools available
  • Phone calls temporarily suspended during COVID-19 lockdown.
  • Multiple trading platforms catering to different needs.
  • Limited information on spreads and commissions.


The Standard Bank Centre, located at 5 Simmonds Street in Johannesburg, South Africa, is regulated by the Financial Sector Conduct Authority (FSCA) under license number 26691. It operates as SBG SECURITIES (PTY) LTD and has been licensed since October 16, 2007. This institution is categorized as a Financial Service Corporate and is currently in compliance with regulatory requirements. Please note that it does not engage in sharing and does not have trading software available at the moment.


Market Instruments

Tradable financial instruments offered by Standard to investors include stocks, covered call options, warrants, futures, CFDs, exchange-traded products, and tax-free investments.

  • Shares: Standard provides access to a diverse range of listed JSE Limited shares, allowing investors to build portfolios with an eye toward long-term wealth creation. Examples include shares of established companies in sectors like technology, finance, and healthcare.

  • Warrants: Standard offers warrants in both calls and puts, enabling investors to capitalize on price movements in underlying shares. These financial instruments provide opportunities for investors to speculate on market directions. Examples include call warrants on popular tech stocks or put warrants on commodities.

  • Covered Calls: Investors and traders can employ covered call strategies to enhance portfolio returns. This strategy involves selling call options on shares they already own. Examples include selling call options on shares of well-known companies.

  • Share Instalments: Standard's share instalments provide a means for investors to gain exposure to leading companies listed on the JSE Limited. These instruments enable participation in the performance of prominent firms across various sectors. Examples include instalments linked to major banks or mining companies.

  • Futures Contracts: Futures contracts are available as tools to hedge risk associated with shares and to speculate on future price movements. Investors can use these contracts to manage their portfolios. Examples include futures contracts on stock market indices or commodities.

  • Contracts for Difference (CFDs): CFDs offered by Standard provide investors with the ability to trade long or short positions in underlying instruments with leverage. They offer cost-effective ways to speculate on price movements. Examples include CFDs on currency pairs, stock indices, or individual shares.

  • Exchange Traded Products: Standard offers Exchange Traded Notes (ETNs) that track the performance of underlying assets, indices, or baskets of assets. These tracker products provide investors with exposure to various markets. Examples include ETNs tracking the S&P 500, gold prices, or specific industry sectors.

  • Tax Free Investing: SBG Securities Proprietary Limited, part of Standard, offers a Tax Free Savings and Investment Account (TFSA) that allows investors to make tax-free investments in selected JSE-listed instruments. This offering provides tax-efficient investment options for long-term financial planning. Examples include tax-free investments in diversified exchange-traded funds (ETFs) or individual JSE-listed shares.

Pros Cons
Provides access to a diverse range of JSE Limited shares, allowing long-term wealth creation. No mention of specific pricing or fees associated with these services.
Offers a variety of financial instruments like warrants, covered calls, futures contracts, and CFDs for speculation and risk management. No information provided on the ease of use or accessibility of these services.
Provides tax-free investment options through Tax Free Savings and Investment Account (TFSA). No details on customer support or educational resources for users.

Minimum Deposit

No minimum deposit related information is provided on the Standard platform.


tandard offers Demos, which provides access to online share trading screen recordings. These recordings offer guidance on various aspects of the trading platform, including how to use the Help section, select different instrument types for searching, log into the platform, check order placement status, view your trading portfolio, use the quick find function to locate specific shares, access research on shares and industries, and set up a personal watchlist of available instruments. These account types serve as educational resources for users to navigate and utilize the trading platform efficiently.

Pros Cons
Demos provide access to online share trading screen recordings, serving as educational resources. Limited account types availeble
Guidance on various aspects of the trading platform is available, including help section usage and portfolio management.


There is no leverage related information mentioned on the standard platform.

Spreads & Commissions

Spreads and commissions, as the core part of forex trading, however, are missing.

Standard Fees

Standard's fees are divided into management fees, brokerage fees, statutory fees, and taxes. Management fees include a monthly account maintenance fee of R110, a one-time withdrawal fee of R4.65, a full portfolio transfer of R62.23, a partial portfolio transfer fee of R113.76, and an early settlement fee of 0.39% (minimum R39.90). Brokerage fees of 0.5% of volume (minimum R110) for equities, a fixed R50 for CFDs, R12.50 per contract (plus VAT) for index futures, 0.1% of the underlying contract value (minimum R110) for commodity futures, R15 per contract (plus VAT) for currency futures The brokerage fee for covered call options is R50.

Trading Platforms

Standard Online Stock Trading offers investors a range of trading platforms, including online trading platforms, tablet and mobile trading software, and ViewPoint, a new generation trading solution that is low bandwidth, web-based, and has a large amount of market data built-in, allowing traders to monitor the market and trade different asset classes.

The Web platform is a starting point for those new to online trading or seeking a new online partner, offering information about the stock market and investment opportunities.

For traders on the go, the Tablet and Mobile platform allows for instant buying or selling of equities and derivatives with simple taps on the screen.

ViewPoint is another offering, characterized as a next-generation, low-bandwidth, web-based market data, trading, and portfolio solution. It enables users to monitor the market, make informed decisions, and trade various asset classes efficiently. These platforms serve to accommodate various preferences and trading styles in the online trading landscape.


Deposit & Withdrawal

You can use Standard Bank's Internet Banking to transfer funds into your Standard Online Share Trading account by selecting SBG Securities as a payment beneficiary and following the provided instructions. Telephone banking and ATMs can also be used for payments and transfers. Transfers from other banks' internet banking sites are possible but may take up to three days to reflect in your Standard Online Share Trading account. When transferring from a non-Standard Bank account, it's advisable to send Proof of Payment to ensure timely crediting. To transfer your account from another stockbroker to Standard Online Share Trading, you need to send a letter to your current broker requesting the transfer of your shares to SBG Securities and include your Standard Online Share Trading account number.

Pros Cons
Multiple methods for transferring funds (Internet Banking, Telephone banking, ATMs). Transfers from other banks may take up to three days to reflect.
Option to transfer from non-Standard Bank accounts. Advisable to send Proof of Payment for timely crediting (for non-Standard Bank transfers).
Ability to transfer your account from another stockbroker to Standard.

Educational Tools

Standard offers various educational tools to assist users in their trading and investment activities:

Interactive Charting: This tool provides access to share price data dating back to 1994, enabling detailed technical analysis on shares, local and international indices, commodity prices, and currency prices.


Price Alerts: Users can receive alerts via SMS or email regarding their favorite shares, including price thresholds (high and low) and Stock Exchange News Services (SENS) announcements.


Custom Watch Lists: This customizable service sends regular messages to help users track the performance of various assets, including shares, share installments, warrants, futures contracts, local and international indices, exchange rates, commodity prices, and Exchange Traded Funds (ETFs).


Market Research: Standard offers credible information and buy/sell ideas from top information suppliers, including Consensus Forecasts from Profile Media Group Proprietary Limited, research reports from SBG Securities Proprietary Limited, and economic reports from The Standard Bank of South Africa Limited's Global Markets Division.


Live Data: Users can access up-to-date information on listed shares, including market depth, price history, history of the day's trades, daily high and low prices, 52-week high and low, dividend yield, PE ratios, earnings yield, and key index ratios (PE, DY, EY), among others.


Product Filter: Standard's product filter assists users in searching for shares and other JSE-listed products by specific categories, helping them find assets that meet their criteria.


Market Data: Users can review essential information on various market indicators and events, including indices with EY, DY, PE, and historic highs and lows, most active shares, gainers and losers, new 52-week highs and lows, dividends payable and paid, corporate actions diary, and events calendar.


News Service: Standard provides access to market news from two leading sources, the Stock Exchange News Service (SENS) and Reuters, ensuring users have access to up-to-date and relevant information for their trading decisions.


Customer Support

Standard offers customer support through various channels. In South Africa, you can reach their customer care line at 0860 121 161 during the hours of 08:30-17:30, Monday to Friday. For international inquiries, you can contact them at +27 11 415 5000. However, please note that phone calls are temporarily suspended during the COVID-19 Lock-down, and they recommend reaching out via email. They also provide avenues for feedback and can be contacted through email. Additionally, you can connect with them on Twitter at and on YouTube at


A review on WikiFX regarding Standard appears to be negative, with a user named Nonkanyiso Dingila reporting a scam. The user mentioned being asked to register for an account and subsequently deposit money, with promises of significant profits. However, when they considered making a deposit, they discovered inconsistencies, and the situation raised suspicions. The user's experience suggests a potential scam involving Standard.



In conclusion, Standard, operating as SBG SECURITIES (PTY) LTD, is a regulated financial institution in South Africa, licensed since October 16, 2007, under the oversight of the Financial Sector Conduct Authority (FSCA). It offers a range of investment products and services, including shares, warrants, covered calls, share instalments, futures contracts, Contracts for Difference (CFDs), Exchange Traded Products (ETNs), and Tax Free Investing options. The institution also provides educational tools and multiple trading platforms to cater to various user preferences. However, it is important to note that specific details about spreads and commissions are not provided, and potential investors are advised to contact customer support for precise pricing information. Additionally, a negative user review raises concerns about potential scam activity associated with Standard, highlighting the importance of thorough research and caution when considering their services.


Q: Is Standard Bank Centre a legitimate financial institution?

A: Yes, the Standard Bank Centre, located in Johannesburg, South Africa, is regulated by the Financial Sector Conduct Authority (FSCA) and has been licensed since October 16, 2007. It operates as SBG SECURITIES (PTY) LTD and complies with regulatory requirements.

Q: What products and services does Standard offer?

A: Standard provides access to a variety of financial products, including shares, warrants, covered calls, share instalments, futures contracts, Contracts for Difference (CFDs), and Exchange Traded Products (ETNs). They also offer Tax Free Investing options.

Q: What are the pros and cons of Standard's trading services?

A: The pros include a range of educational tools and various trading platforms. However, specific details about spreads and commissions are not provided in the given information.

Q: How can I deposit and withdraw funds with Standard?

A: You can transfer funds using Standard Bank's Internet Banking, telephone banking, ATMs, or transfers from other bank accounts. Transferring your account from another stockbroker to Standard Online Share Trading requires sending a transfer request to your current broker.

Q: What educational tools does Standard offer to traders?

A: Standard offers interactive charting, price alerts, custom watch lists, market research, live data, product filters, market data, and access to market news to assist users in their trading and investment activities.

User Reviews

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more than one year
There is so little information on the website that I cannot find much information that is important to me. I think it's hard to attract customers like that, at least I'm not interested.
2022-11-28 10:09
more than one year
I am dazzled by all kinds of fees. Compared with Standard who charges so many fees, I would prefer to choose those brokers who do not charge anything. I'm here to make money, not to pay.
2022-11-25 09:59
more than one year
After comparing fees on this platform with others, I decided to abandon it. Can you see that? Extra fees make me want to escape right now… I’ve chatted with their customer support, they are professional and patient👍👍👍 Unfortunately, I just cannot trade with it.
2022-11-24 15:28
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