Standard Trades Scam: Unlicensed Forex Brand, Withdrawals Held

Standard Trades is listed in broker directories as a forex trading brand whose name carries the ordinariness and sense of trust that the word "standard" gives. The company, licence and contact details behind the brand are not disclosed transparently.

🚩 The Method of Standard Trades-Type Brands

In schemes of this kind the investor is offered packages such as a "standard account" or a "gold account"; a higher package is sold with the promise of a lower spread and a personal analyst. As the account grows, a withdrawal request is held up on grounds such as "volume not completed" or "account under review". When a loss occurs, the same team proposes a new investment to make up for it.

⚖️ Legal Position

Standard Trades does not appear on the SPK list of authorised institutions. Collecting money through this scheme is treated as qualified fraud committed by using computer systems as a tool, regulated under Article 158/1-f of the Turkish Penal Code.

🔗 Similar Schemes

The Standard Asset Limited article on our site describes a different scheme; we have seen the same package and volume-condition pattern on the following platforms:

🧭 Process

1. The path a victim follows is set out.
2. The investigation proceeds under the provisions on qualified fraudTR.
3. The invalidity of the account agreementTR supports a refund claim.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions