Score
Santander
http://www.santander.co.uk/
Website
Rating Index
Influence
Influence
AAA
Influence index NO.1
Contact
Licensed Entity:Santander UK plc
License No. 106054
Single Core
1G
40G
1M*ADSL
- WikiFX has received a total of 8 user complaints against this broker, please be aware of the risks and do not be scammed!
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Company Summary
| Santander Review Summary | |
| Founded | 2003 |
| Registered Country/Region | United Kingdom |
| Regulation | Exceeded |
| Products and Services | Mortgages, Credit Cards, Savings and ISAs, Investments, Insurance, Personal Loans, Current Accounts |
| Trading Platform | Online Banking, Mobile Banking app |
| Min Deposit | Not mentioned |
| Customer Support | 24/7 Live chat |
Santander 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 Cons
| Pros | Cons |
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Is 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 Services
- Mortgages: 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 Accounts
Adult current accounts:
Account Name Benefits Monthly Fee Key Requirements Everyday Current Account Simple bank account, optional overdraft, no fees at Santander ATMs abroad. No fee None explicitly stated. Santander Edge current account Up to £10 cashback on bills & essential spend, optional savings account with exclusive rates, no card usage fees abroad from Santander. £3 Pay in £500/month and have 2 active Direct Debits. Santander Edge Up current account Up to £15 cashback on bills & essential spend, earn interest on balances up to £25,000, no card usage fees abroad from Santander. £5 Pay in £1,500/month and have 2 active Direct Debits.

Student & child current accounts

Other current accounts
- Basic 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 Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Online Banking | ✔ | PC and Mobile | Investors of all experience levels |
| Mobile Banking app | ✔ | IOS and Android | Investors of all experience levels |

Payments 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).

Keywords
- 5-10 years
- Regulated in United Kingdom
- Market Maker (MM)
- Global Business
- High potential risk
News

Exposure Santander Exposed: Withdrawal Denials & Poor Customer Support Service Trap Traders
Scam allegations never stop for Santander, a UK-based forex broker. According to traders, its officials work in unity to trick them into investing and dupe them later. The cases of withdrawal delays and poor customer support service have been highlighted by traders on various broker review platforms. So, if you wish to partner with Santander for forex trading, think again! In this article, we will highlight the comments made by the traders here. Read on!

News Santander Announces €1.46B Buyback & Dividend Hike
Santander unveils a substantial €1.46B share buyback scheme and dividend hike. Discover how these strategic moves aim to fortify investor trust and drive shareholder value.

News Santander Denies Breach of U.S. Sanctions in Iran-Linked Accounts Case
Santander Asserts Compliance Amid Financial Times' Claims on Iran-Linked Accounts: Get the latest updates on the bank's stance and commitment to international financial regulations.

News Santander Q4 Revenue, Fueled by Europe and Brazil
Santander's Q4 net profit soars 28% to €2.93B, driven by robust lending in Europe and Brazil, surpassing analyst expectations and highlighting strategic growth.

News Santander Mexico Digital Bank Launch
Santander Mexico's Openbank Launch: The path to digital banking excellence! Openbank's launch is imminent, revolutionizing Mexico's banking landscape. Stay tuned for the digital banking wave!

News Santander Is Falling Behind On Inflation Payments To German Bank Employees
Spain's Santander is the only major bank operating in Germany that has not declared a special payment to local employees to assist them to cope with surging inflation, despite the firm's statement that negotiations were underway.
Wiki Q&A
Is Santander legit and safe to use?
Santander has a long-standing history and is a legitimate financial institution, offering an extensive range of services such as mortgages, credit cards, savings, investments, insurance, and personal loans. Despite the "Exceeded" status of its Investment Advisory License, the bank remains operational and continues to provide personal banking solutions. However, when it comes to Santander investments, the lack of active regulatory oversight could make some investors hesitant. From my experience, I find Santander login and the online banking services to be secure and easy to use. But, if you're specifically seeking regulated investment advisory services, this lack of regulation should be considered before making any significant investment decisions. Santander is a safe choice for personal banking and financial products, but its investment offerings might not carry the same security.
What are the pros of Santander?
Santander offers several advantages for personal banking. The Santander account system is user-friendly, with both online banking and a mobile banking app available. You can manage your finances through PC or mobile devices, making it accessible for everyone. The bank offers a variety of products, such as credit cards, savings accounts, mortgages, and personal loans, which makes it convenient to manage all your finances in one place. The customer support is also available 24/7 via live chat, which is a big plus when you need immediate assistance. However, one downside I’ve encountered is the lack of clear details regarding deposit and withdrawal fees. For example, when using the direct deposit form Santander, the transaction details are clear, but the site lacks transparency about potential fees. For everyday banking, Santander is a solid choice, but I do feel that for investment-related matters, the bank could provide more clarity and transparency, especially with regard to Santander investments.
What are the cons of Santander?
The main concern with Santander is that their Investment Advisory License is marked as "Exceeded," meaning they no longer hold the regulatory oversight they once had for investment services. If you're interested in Santander investments, especially in complex products or advisory services, this could be a major drawback. The bank does not currently offer specific trading platforms or leverage options that traders often seek, such as those provided by MetaTrader 4 or 5. Additionally, the lack of transparency about deposit and withdrawal fees is concerning. As a user of the Santander login and online banking, I found the process straightforward, but I still believe that the lack of fee transparency could create challenges for those who plan to make larger transactions or manage multiple investments. Overall, while it’s a reliable bank for personal financial needs, those interested in trading or investment advice may find Santander lacking.
What platforms does Santander provide?
Santander offers an online banking platform and a mobile app for managing accounts and financial products. The online banking platform is easy to navigate and provides all the basic services needed to manage personal banking, such as paying bills, managing credit cards, applying for loans, and viewing statements. The mobile app is available for both iOS and Android, and it allows for quick access to Santander account details, making it convenient for managing finances on the go. However, if you’re looking for a trading platform with advanced tools for stock or forex trading, Santander is not designed for this. For users who are seeking investment services, such as Santander investments, it’s important to understand that this bank focuses on banking and not on advanced trading features. From my experience with Santander login, both platforms are secure, but they don’t offer the robust features that traders typically look for.
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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
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
幸福3324
Hong Kong
I was defrauded by Xiao Peng's team. The telecom network used the fake meta5 platform. It is the trader Santander. My position is currently liquidated and I am unable to withdraw money. I have reported the case! The police are sorting it out!
Exposure
FX1208880192
Brazil
Too good
Positive
布鲁斯李7022
Hong Kong
I was also deceived by Xiao Peng, fake Santander, now has a burst position, has been unable to withdraw funds, Santander has been unable to log in.
Exposure
谁来救我
Hong Kong
Can only find the genuine to send exposure information, this site is fake, can not withdraw. Has burst the position to obtain the user's assets, now can not withdraw, everyone should keep our own rights, join the following group, more people power big rights, do not let go of the Xiao Peng, this gang.
Exposure
布鲁斯李7022
Hong Kong
I first deposited money into this broker and made some money at the beginning. I tried to withdraw 200u, I was still able to withdraw money smoothly. Later, they operated the K-line, I lost money directly, leaving only a little bit of principal. Then they induced me to deposit money again until I ran out of money, and directly controlled the K-line. Crude oil fell directly from 72 to single digits, and gold was cut in half. I hope no one will be scammed again.
Exposure
FX4184815529
Hong Kong
I can only post the exposure information under the official ones. The ones marked below are official. The platform I deposited is fake. The address of the fraudulent and fake platform: is https://www.santanderfx.com It has been liquidated to obtain the user's assets. I am now unable to withdraw funds.
Exposure
8618
Japan
I registered this account using the code given to me by the recommender. Now I don't know if it's the platform policy or what. Originally, the reason why I couldn't withdraw money was because I hadn't paid taxes on my profits. I need to pay 20% of the profit to withdraw money. But I still can't withdraw money after paying the taxes. The platform also said that the money associated with the account was not paid. What kind of policy is this? My own taxes and my account have been paid, but I cannot withdraw funds yet. I can't understand. The person who recommended me now is always saying that he has no money to pay and has been out of contact. I couldn't withdraw my principal, and I paid another 20563 usd in taxes!
Exposure
FX4981129072
Chile
I deposited $146 on this platform and transferred $4030 from suouesta. But my account was blocked.
Exposure