StandardFx And Nigeria Review – A Big Scam

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Standard fx Nigeria is a one-man trading company with a website address The man behind this is by name Samuel Kayode.

on his website, he promises to deliver a 37% profit weekly on forex trading, cryptocurrency and binary option.

If you are considering investing your hard-earned money with this guy, read my bitter experience by extension what other Nigerians have suffered from this guy.

Samuel Kayode is very aggressive with advertising his service on Punch newspaper online and WhatsApp, which makes it appear real. But the fact is that standard fx Nigeria is a scam.

What I mean by a scam is that the chance that the money you invest cannot be recovered again is high.

Please do not be deceived with his idea that you will be in control of the account because you are not in control of the trading. In other words, you own the account, he does the trading. So, you have no control over how he manages your money

What he does is this: he gambles with people’s money, if he wins, you pay him. If he loses you bear the whole risk alone.

Because he does not invest, he trades as he likes, which you will end up losing. You may be asking how he makes his money.

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As I rightly said, a lot of Nigerians fall prey to his ads, so if he loses or blows your money away, he gains from others that he is lucky to win.

Please take note, I am not standardfx competitor rather I was a victim, and I will not like other Nigerians to fall the same.

I have a good idea of how forex works. In fact, I trade to some extent, but when I saw his advert I thought he knew something different. So, I decided to try him but it was a flop.

My real story with

The blog you are reading is my personal blog. So, you can know more about me from the “about me” section of the blog.

I invested $600 in my forex trading account then ask to manage it for me. After 2 weeks he made a profit of $1400.

He then asks for his share, which was 50%, And I withdrew his share and gave to him. I left $1000 for him to continue with.

The next week he blew the account away leaving just $38. I called him, he promised of making it up with time.

He started trading with the $38 and took it to $70, after 3 days he blew away the account to $8.

I started calling him but he refused to pick my calls. Then I sent him a thought-provoking text message, which made him picked my call.

I was very polite in talking to him about his trading pattern and level of risk-taking. then went to ask him some questions, it was then I realized that he knew nothing about forex trading.

I told him to learn how to trade the candlestick pattern that it works. To my greatest surprise, he asked what candlestick pattern is.

In fact, most armature traders start with candlestick and chart patterns. Then I went on to ask him how does he determine his risk-reward ratio, has no answer to that.

It became glaring that this guy with Nigeria is just gambling with Nigerians money because no system to hold him accountable.

Forex is a good business but it is not a get rich quick business as somebody like Samuel Kayode claimed to be.

So, don’t even consider investing with because you will finally and definitely lose your hard-earned money as I did.

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This Post Has 6 Comments

  1. Canh Winter


  2. Basiru Ibrahim

    What I know about forex trading is that one can make huge gains and one can lost his entire capital while trying to make huge gains..I accepted the risk associated with forex trading when I venture into it….I opened account and I gave my login details to Samuel)…I funded $2000..he traded for one week and he made a profit of $4000 for me.i gave him his 50%….i left him to help me trade the account for two months without any withdrawals and to my surprise he made another profit of $8000……because I acknowledged d risk inherent in forex trading, I withdrew my entire money after I paid him his 50%………to me, forex is like a gamble and I don’t think we should in anyway blame standardfx if loss occurs at a point during trading….Good, we all testified to the fact that he made profit at a point for us all….A friend of mine funded #36m in forex , he traded by himself and lost d entire money within one month…..Forex is risky oooooo

  3. Comfort aina

    Contrary to your own experience, the same , kayode samuel help me trade my forex account.. I funded my forex account with $1000 and I handed the account to him to manage, he managed the account and made a profit of about $15,000 within 3 months….after paying him his 50% profit, I withdrew mine and I bought a car for myself….

    1. Israel Chima

      Yes, you are among the lucky ones. I said it clearly, he gambles with people’s money. Little win and very much loss.

      If you are honest with yourself, have that trend been maintained. That you hit it this month does not mean you know it in forex

  4. D. E. Onyilibe Esq

    The article above is absolutely spot on! I have a client that funded a forex account for Kayode Samuel to trade with a written agreement between the parties. He guaranteed minimum of 25% profit per week. He ended up messing up the account and leaving my client in penury. In fact, he even blew away the capital and as it is, there is nothing to show for it. He rather made profit off my client as my client cannot even recover his initial capital, whereas Kayode benefitted from the fund by the share of the profit already taken before he crashed the entire fund. Right now, he has even blocked me on phone from reaching him when I tried to talk to him on that point.

    As a matter of fact, I prepared that document between Kayode and my client.

    1. Israel Chima

      Please help in spreading this information. So that a lot of Nigerians will not suffer from the hand of this wicked guy the more

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