Search
Santander Forex broker specializes in providing foreign exchange trading services, the company's official website https://retail.santa..., the company's legitimate regulatory information United KingdomFCAInvestment Advisory License to enhance the security of the company's address 2 Triton Square Regent's Place London NW1 3AN UNITED KINGDOM

Santander Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Santander UK plc
Abbreviation
Santander
Company employee
--
Contact Number
+4408003897000
Company address
2 Triton Square Regent's Place London NW1 3AN UNITED KINGDOM
Keywords
5-10 years
Regulated in United Kingdom
Investment Advisory License
Global Business
Suspicious Overrun
High potential risk

Company profile

Santander Review SummaryFounded2003Registered Country/RegionUnited KingdomRegulationExceededProducts and ServicesMortgages, Credit Cards, Savings and ISAs, Investments, Insurance, Personal Loans, Current AccountsTrading PlatformOnline Banking, Mobile Banking appMin DepositNot mentionedCustomer Support24/7 Live chatSantander Information Santander, founded in 2003 and registered in the UK, is an online trading platform that offers many financial services accessible through online and mobile banking. While the Investment Advisory License is now exceeded, this platform provides diverse products including mortgages, credit cards, savings, ISAs, investments, insurance, and personal loans, alongside various current account options.Pros and ConsPros Cons Supports both PC and mobile transactionsExceeded regulationVariety of current account optionsLimited information on deposit/withdrawal feesIs Santander Legit? Santander once had an Investment Advisory License regulated by the Financial Conduct Authority (FCA) in the United Kingdom with a license number of 106054, but now it is exceeded. The WHOIS search shows the domain santander.co.uk was registered on August 14, 2003.Products and ServicesMortgages: Santander offers mortgage services for first-time buyers, home movers, and remortgagers, including options for switching lenders, borrowing more, and managing existing mortgages.Credit Cards: Santander offers credit cards to suit different needs, including the All in One, Long Term Balance Transfer, Everyday No Balance Transfer Fee, and Santander World Elite™ Mastercard®.Savings and ISAs: Santander provides various savings and ISA options for different financial goals, such as the Easy Access Saver, Regular Saver, Santander Edge Saver, Easy Access ISA, Fixed Rate ISAs, Fixed Term Bonds, Junior ISA, and Inheritance ISA.Investments: Santander offers investment options with cashback, an online Investment Hub for advice and fund selection, and readily available investment advice and resources.Insurance: Santander offers a comprehensive range of insurance products, including home, life (with critical illness), health, mortgage life, family/lifestyle, over 50s life, car (including EV), travel, business, and landlord insurance.Personal loan: Santander offers personal loans with fixed interest rates, ranging from £1,000 to £25,000, with flexible repayment terms, subject to eligibility.Current AccountsAdult current accounts:Account NameBenefitsMonthly FeeKey RequirementsEveryday Current AccountSimple bank account, optional overdraft, no fees at Santander ATMs abroad.No feeNone explicitly stated.Santander Edge current accountUp to £10 cashback on bills & essential spend, optional savings account with exclusive rates, no card usage fees abroad from Santander.£3Pay in £500/month and have 2 active Direct Debits.Santander Edge Up current accountUp to £15 cashback on bills & essential spend, earn interest on balances up to £25,000, no card usage fees abroad from Santander.£5Pay in £1,500/month and have 2 active Direct Debits.Student & child current accounts Other current accountsBasic Current Account: Suitable for those with poor credit history or new to the UK for work/study, no monthly fee.Carer's Card account: Allows giving debit cards to up to 2 carers, money transferred from your other accounts, carers can withdraw cash or shop for you, no monthly fee.Trading PlatformTrading PlatformSupported Available Devices Suitable for Online Banking✔PC and MobileInvestors of all experience levelsMobile Banking app✔IOS and AndroidInvestors of all experience levelsPayments and Transfers Deposit/Withdrawal Fees and Minimum Deposit are not mentioned on the website. But you should pay attention to:Free Transfers: Up to £25,000 per transaction online/mobile (daily limit £100,000).Adjustable Limits: Easily manage your payment limits in the app.Large Payments: Use CHAPS for amounts over £100,000.High-Risk Limits: Transactions to risky accounts capped at £300 (single) and £1,000 (30-day total).

Rating Index

How to login to Santander?
Santander Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online banking and investment services can be daunting, especially if you're new to platforms like Santander. This comprehensive guide provides detailed instructions for registering, opening

  

Santander Forex Broker - Complete Information Guide

  

1. Broker Overview

  Santander Securities, established in 1996, is a prominent financial advisory firm that operates under the umbrella of Santander Holdings USA, Inc. The firm is headquartered at 75 State Street, Mail Code: MA-SST-IN V4, Boston, MA 02109. As a subsidiary of a well-known banking institution, Santander Securities primarily serves clients across the northeastern United States and Florida, offering a diverse range of investment advisory services.

  The company has a robust client base, managing approximately $2.1 billion in assets for nearly 9,813 clients, which translates to an advisor-to-client ratio of 1:96. Santander Securities is recognized for its commitment to placing people before profits, as reflected in its certification as a B Corporation™. The firm operates a fee-based model, earning commissions from various financial products in addition to advisory fees, distinguishing itself from fee-only firms.

  Over the years, Santander has achieved significant milestones, including expanding its service offerings and establishing a strong presence in the financial advisory landscape. The firms business model encompasses retail forex services, institutional offerings, and asset management, catering to a wide range of clients, including individuals, corporations, and charitable organizations.

  

2. Regulatory and Compliance Information

  Santander Securities operates under the regulation of several key authorities, ensuring compliance with stringent financial standards. The primary regulatory body overseeing its operations is the U.S. Securities and Exchange Commission (SEC), under whose jurisdiction the firm has been registered since 1999. The SEC registration number for Santander Securities is available upon request through official channels.

  In addition to the SEC, the firm adheres to regulations set forth by various state authorities across the 53 states it serves. Santander Securities is committed to maintaining high standards of compliance, including Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, which are fundamental to its operations.

  Client funds are safeguarded through a strict segregation policy, ensuring that customer assets are kept separate from the firms operational funds. This is crucial for protecting client investments in the event of financial difficulties faced by the firm.

  Furthermore, Santander Securities participates in investor compensation schemes, providing an additional layer of security for its clients. The firms compliance with these regulations underscores its commitment to ethical practices and the protection of its clients' interests.

  

3. Trading Products and Services

  Santander Securities offers a diverse array of trading products and services, primarily focusing on forex trading and investment management. The firm provides access to a wide range of currency pairs, including major, minor, and exotic currencies, allowing traders to engage in various forex trading strategies.

  In addition to forex, Santander Securities offers Contracts for Difference (CFDs) across several asset classes, including indices, commodities, and stocks. The firm continually updates its product offerings, ensuring that clients have access to the latest trading instruments and opportunities.

  Retail trading services are a significant part of Santanders business model, catering to individual investors seeking to grow their portfolios. The firm also provides institutional services, including asset management and investment advisory for corporations and trusts.

  Santander Securities is known for its white-label solutions, which allow other financial institutions to offer trading services under their own brand while leveraging Santander's technology and expertise. This flexibility enhances the firm's ability to serve a broad client base, from retail traders to institutional investors.

  

4. Trading Platforms and Technology

  Santander Securities supports multiple trading platforms, including the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among forex traders for their robust features and user-friendly interfaces. These platforms offer advanced charting tools, automated trading capabilities, and access to a wide range of market analysis tools.

  In addition to MT4 and MT5, Santander Securities has developed its own proprietary trading platform, which provides clients with a seamless trading experience. The platform is designed for both desktop and mobile use, ensuring that traders can access their accounts and execute trades from anywhere.

  The firm also offers a web-based trading platform, enhancing accessibility for clients who prefer not to download software. This platform is equipped with essential trading tools and features, allowing users to monitor their investments and market conditions in real-time.

  Santander Securities employs a Straight Through Processing (STP) execution model, ensuring that trades are executed quickly and efficiently, with minimal latency. The firms trading infrastructure is supported by strategically located servers, optimizing performance and reliability.

  API access is available for clients interested in automated trading solutions, allowing them to connect their trading systems directly to Santanders platform. This feature is particularly beneficial for algorithmic traders seeking to implement complex trading strategies.

  

5. Account Types and Trading Conditions

  Santander Securities offers several account types to cater to the diverse needs of its clients. The Standard Account is the most common, requiring a minimum deposit of $2,000 and offering competitive spreads starting from 1.0 pips. This account type is suitable for retail traders looking to engage in forex trading without excessive initial investment.

  For more experienced traders, Santander Securities provides Premium Accounts, which come with additional benefits such as lower spreads and personalized support. These accounts typically require a higher minimum deposit, often around $10,000.

  The firm also offers Islamic Accounts, which comply with Sharia law by eliminating interest fees on overnight positions. This account type is designed for clients who wish to trade in accordance with their religious beliefs.

  A demo account is available for clients who wish to practice trading strategies without risking real capital. This account allows users to explore the trading platform and familiarize themselves with market conditions before committing funds.

  Leverage ratios offered by Santander Securities vary depending on the asset class, with forex leverage typically ranging from 1:50 to 1:200. The firm has a transparent policy regarding overnight fees, providing clients with clear information on any applicable charges.

  

6. Fund Management

  Santander Securities supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, with the Standard Account requiring a minimum of $2,000.

  Deposits are processed quickly, typically within 1-3 business days, although electronic wallet deposits may be instant. The firm does not charge any deposit fees, making it cost-effective for clients to fund their accounts.

  Withdrawal options include the same methods as deposits, with processing times generally ranging from 1 to 5 business days depending on the method used. Santander Securities has a transparent fee structure, with no withdrawal fees for bank transfers, while credit card withdrawals may incur a small fee.

  The firm emphasizes the importance of secure fund management, with all client deposits held in segregated accounts. This practice ensures that client funds are protected and readily available for withdrawal at any time.

  

7. Customer Support and Educational Resources

  Santander Securities provides a comprehensive customer support system, with multiple channels available for client inquiries. Support can be accessed via telephone, email, live chat, and social media. The firm's customer service operates during regular business hours, with specific support hours varying by region.

  The firm offers support in multiple languages, ensuring that clients from diverse backgrounds can receive assistance in their preferred language. This multilingual support enhances the overall client experience and facilitates effective communication.

  Educational resources are a key component of Santander Securities' offerings. Clients can access a range of materials, including webinars, tutorials, and e-books designed to enhance their trading knowledge and skills. Additionally, the firm provides market analysis services, including daily reports and research articles, to keep clients informed about market trends and developments.

  Various trading tools, such as calculators and economic calendars, are available to assist clients in making informed trading decisions. These resources contribute to a well-rounded trading experience for both novice and experienced traders.

  

8. Regional Coverage and Restrictions

  Santander Securities primarily serves clients in the United States, with a strong presence in the northeastern region and Florida. The firm has multiple branch locations to facilitate client interactions and support.

  The company operates in 53 states, providing a wide range of financial services to its diverse clientele. However, there are certain countries and regions from which the firm does not accept clients, primarily due to regulatory restrictions.

  Specific countries that are restricted from opening accounts with Santander Securities include regions with stringent financial regulations or those under trade sanctions. The firm adheres to all applicable laws and regulations, ensuring compliance with international standards.

  In summary, Santander Securities is a reputable broker offering a variety of trading products and services, supported by a solid regulatory framework and a commitment to client satisfaction. With its extensive educational resources and robust customer support, the firm aims to empower traders at all levels to achieve their financial goals.

Santander Similar Brokers

Over-Operation
SENTINEL
No license plate
3.39
Score
Regulated
Lightyear
Having a license
4.79
Score
Over-Operation
Headway
No license plate
4.28
Score
Revoked
CENTRAL
No license plate
5.15
Score
Over-Operation
CJ
No license plate
3.57
Score
Over-Operation
CERES
No license plate
5.08
Score
Offshore Regulated
PROFIT
Having a license
3.40
Score
Over-Operation
TradeStation
TradeStation Forex Broker - Complete Information Guide   1. Broker Overview   Tr
3.23
Score
Regulated
Topmax Global
4.53
Score
Regulated
INF
INF Forex Broker - Complete Information Guide   1. Broker Overview   INF, offici
5.21
Score
Regulated
amana
Amana Forex Broker - Complete Information Guide   1. Broker Overview   Amana Cap
6.79
Score
Regulated
CFI
CFI Forex Broker - Complete Information Guide   1. Broker Overview   CFI, offici
4.67
Score
Over-Operation
TEMO
Temo Forex Broker - Complete Information Guide   1. Overview of the Broker   Tem
3.09
Score
Regulated
ARGUS
Having a license
5.24
Score
Regulated
Earn
Earn Forex Broker - Complete Information Guide   1. Broker Overview   Earn Broke
7.06
Score
Regulated
GIB
Having a license
6.73
Score
Regulated
Point72
Having a license
7.16
Score
Regulated
SBI
Having a license
8.10
Score
Regulated
Exness
Having a license
9.01
Score
Offshore Regulated
XS
XS Forex Broker - Complete Information Guide   1. Broker Overview   XS Group, op
6.05
Score
Regulated
Daiwa
Having a license
8.10
Score
Regulated
ICBC International
Having a license
7.46
Score
Regulated
Turing
Having a license
5.87
Score
Regulated
Citadel Securities
7.13
Score
Regulated
J.P. Morgan
7.58
Score
Offshore Regulated
NCE
NCE Forex Broker - Complete Information Guide   1. Broker Overview   NCE, offici
4.63
Score
Regulated
OFX
Having a license
8.10
Score
Offshore Regulated
WINGO
Having a license
5.72
Score
Regulated
BGC
Having a license
5.53
Score
Regulated
Breakaway
Having a license
4.97
Score
Regulated
Shikoku
Shikoku Forex Broker - Complete Information Guide   1. Broker Overview   Shikoku
7.91
Score
Regulated
Aden
Aden Forex Broker - Comprehensive Information Guide   1. Broker Overview   Aden
6.92
Score
Regulated
NEW CASTLE
Having a license
5.70
Score
Regulated
EBC
Having a license
7.70
Score

Latest Reviews

FX1208880192

FX1208880192

Brazil

Too good

Positive

03-07

VX-DCEP8888

VX-DCEP8888

Hong Kong

Xiao Peng began to gain the trust of members through lectures, and step by step induced everyone to register for the fake Santander website: https://www.santanderfx.com. Starting from depositing money, he induced everyone to buy gold and crude oil, and finally directly controlled the platform to liquidate their positions! They lied about a hacker attack and no one can withdraw money. The website is currently unavailable! This is pure fraud. Please be sure to unite and contact me on WeChat to wipe out the Xiao Peng gang together to prevent more people from being deceived!

Exposure

2024-02-11

幸福3324

幸福3324

Hong Kong

Xiao Peng's fraud team uses lectures to deceive our trust and induces us to download the mt5 platform. He persuades us to choose the Santander trader and conduct copy trading! The malicious marking caused us to liquidate our positions. The trading platform was hacked last Thursday and we were unable to withdraw cash. Furthermore, the chat group was suddenly disbanded and blacklisted! Withdrawal is currently unavailable! I have called the police. The police has accepted the case and has been sorting out relevant information.

Exposure

2024-02-11

Santander Forex Broker has an overall rating of 3.24, Regulatory Index 2.78, License Index 2.78, Business Index 7.48, Software Index 4.00 Risk Control Index 0.00.