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Sergey5
Within 1 year

Is it possible to trade particular assets such as Gold (XAU/USD) and Crude Oil through Standard Bank?

Broker Issues
Standard Bank
Instruments
Platform
Leverage
Account
01-07
United States
WikiFX
Reply

In my direct experience as an independent trader evaluating brokers, I always place a premium on transparency, asset selection, and regulatory protection. With Standard Bank, I noted that they offer a broad range of instruments, including forex, shares, ETFs, indices, and notably, metals. Given the explicit mention of metals among their tradable assets, it is possible to access instruments like Gold (XAU/USD) through their platform. However, crude oil is not specifically listed among the tradable categories, and details about available commodities are somewhat limited. In my view, unless further clarification is provided, I would not assume that crude oil CFDs are available with Standard Bank. What stands out for me is the absence of clear regulatory oversight for Standard Bank. This is a significant cautionary flag—regulation generally protects clients and ensures brokers adhere to standards, especially when handling complex assets like gold or any form of commodities CFD. Also, without a robust regulatory framework, there’s increased risk around execution quality, withdrawal security, and fund safety. In summary, while Gold trading appears feasible via Standard Bank’s Webtrader platform, the availability of crude oil is uncertain. For any trader, particularly those dealing with high-value commodities, the lack of regulatory supervision makes it essential to proceed with great caution and confirm asset availability directly with the broker before making a deposit or trading decision.

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