Aberdeen Standard Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Business
License
A gang of frauds, pro-claimed from Shanghai Anben standard investment management co. LTD., inveigled clients to borrow loans and transfer the fund into the pointed account of Henan code school trading co. LTD.. On the morning of March 28th, clients were aware that they had been cheated since the referrer all disappeared and called the police.
Summary: Aberdeen Standard Investments, formed from the merger of Aberdeen Asset Management and Standard Life, has faced significant challenges in recent years, including substantial asset outflows and mixed fund performance. While some of its funds have shown commendable returns, a considerable portion consistently underperforms compared to industry peers.
Note: It's important to be aware that different entities may operate under the Aberdeen Standard brand across various regions, which could impact user experience and regulatory oversight. This review incorporates a comprehensive analysis to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
How We Score the Broker: Our ratings are based on a comprehensive evaluation of user feedback, expert analysis, and factual data regarding services offered by Aberdeen Standard.
Established in 2017 through a merger, Aberdeen Standard Investments has rapidly positioned itself as a significant player in the asset management industry, managing approximately £455.6 billion in assets. The firm operates under the brand "Aberdeen Standard Investments" and offers a range of investment products, including mutual funds and ETFs. The trading platforms available include popular options like MT4 and MT5, catering to various trading strategies. However, it is crucial to note that the firm lacks robust regulatory oversight, which raises concerns about its trustworthiness.
Aberdeen Standard operates in multiple geographical regions, but the lack of strong regulatory frameworks has led to concerns about its credibility. The absence of regulation from top-tier authorities such as the FCA in the UK or the SEC in the US is particularly alarming. Users should be cautious, as the lack of oversight can lead to higher risks associated with their investments.
The company supports various currencies for deposits and withdrawals, although specific details about minimum deposit amounts are not consistently clear across sources. Users have reported difficulties with withdrawals, indicating potential issues with customer support and responsiveness.
While specific minimum deposit requirements were not consistently reported, many sources indicate that the thresholds can vary significantly, affecting accessibility for potential investors.
Information regarding bonuses or promotional offers is sparse. However, it is essential to approach such offers with caution, particularly given the firm's mixed reputation.
Aberdeen Standard offers a diverse range of asset classes, including equities, fixed income, and alternative investments. However, the performance of many funds has been criticized, with approximately 58% of the analyzed funds consistently ranking among the worst performers in their sectors.
Costs associated with trading through Aberdeen Standard are not clearly outlined in the available sources. However, users have expressed concerns over hidden fees and overall transparency regarding costs, which can significantly impact profitability.
Specific leverage ratios were not detailed in the sources reviewed. Users should inquire directly with the broker for precise leverage offerings and conditions.
Aberdeen Standard primarily utilizes well-known trading platforms like MT4 and MT5. These platforms are favored for their user-friendly interfaces and comprehensive toolsets, but user experiences have been mixed, with some reporting technical issues.
The broker's services may be limited in certain jurisdictions due to regulatory constraints. Potential clients should verify their eligibility based on their geographical location before engaging with the broker.
Customer service is reported to be a significant weakness for Aberdeen Standard, with limited language support and responsiveness issues. This could hinder the trading experience for non-English speakers or those requiring immediate assistance.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
The account conditions offered by Aberdeen Standard are considered average, with reports indicating that clients may face challenges when trying to access or manage their accounts. The lack of competitive features compared to other brokers in the market is a notable downside.
Aberdeen Standard provides various trading tools, but user feedback suggests that these resources may not be as comprehensive or effective as those offered by competing firms. This could limit traders' ability to make informed decisions.
Customer service has been a significant pain point for users, with many reporting long response times and unhelpful support. This is a critical area that Aberdeen Standard needs to address to improve overall user satisfaction.
The trading experience on Aberdeen Standard's platforms is generally satisfactory, but users have reported technical glitches and a lack of advanced features. This indicates a need for improvement in the trading setup to enhance user experience.
Trustworthiness remains a major concern due to the lack of robust regulation and the high percentage of underperforming funds. Users are advised to exercise caution and conduct thorough research before committing funds.
Overall user experience is mixed, with some clients appreciating the diverse investment options while others express frustration over customer service and performance issues. This dichotomy highlights the need for Aberdeen Standard to enhance its client engagement and support systems.
In conclusion, while Aberdeen Standard Investments offers a range of investment products and has a substantial asset base, prospective clients should carefully consider the mixed reviews regarding performance, customer service, and regulatory oversight. The findings from this Aberdeen Standard review suggest that potential investors should proceed with caution and conduct thorough due diligence before engaging with the broker.
FX Broker Capital Trading Markets Review
