Reason for this visit

According to the Reuters, the United Kingdom has expanded its leading position in the field of global FX trading in the years since it voted to leave the European Union. In addition, the British retail foreign exchange market has the Financial Conduct Authority (FCA), one of the world's three most stringent regulatory bodies. Many FX brokers take obtaining FCA regulation for pride, and also hope to enter the country to develop business in local market. In order to help investors or practitioners have a more comprehensive understanding of foreign exchange brokers in the UK, the survey team is going to the country for on-site visits.

On-site visit

In this issue, WikiFX investigation team went to London, UK to visit the foreign exchange broker Santander as planned according to the regulatory address the broker claims that 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom.

The survey personnel came to the destination on January 27, 2023, where a particularly impressive building is located in a prosperous business district with a lot of hustle and bustle. The companys name Santander could be seen in and outside the building. But visitors were not allowed to enter the company without a reservation.

After communicating with the receptionist of the building by presenting the companys logo, the investigation team confirm that the broker has a physical office here, whose real address is in line with that from its regulatory information.

Conclusion

The investigators went to London, UK to visit the foreign exchange broker Santander as scheduled, and spotted the brokers logo according to the business address it claims, indicating that the broker has a physical business office here. Unfortunately, the survey personnel were not able to enter the company for an internal visit, so the specific scale of its business is unknown. Investors are advised to make a sensible choice based on a careful consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.