Your Money is Safe with UKForex

The security of money is an important part of our business, and we know you will want to seek assurances that your money is safe. To help you with this, here is some information on who we are and how we do business:

Strict Adherence to Local Regulations

We are fully licenced in each of the jurisdictions where we operate, and comply with all local rules and regulations. UKForex Limited holds a certificate of registration for Money Laundering Regulation (MLR). Registration number: 12219180.

UKForex is also regulated in the UK by the Financial Conduct Authority (FRN: 521566) for the provision of payment services. Firms regulated by the Financial Conduct Authority for the provision of payment services are required to;

  • segregate client accounts in accordance with FCA rules on the safeguarding of client funds.
  • maintain a defined level of regulatory capital at all times
  • apply stringent governance and risk management procedures throughout the business

Part of a Global and Listed Company

UKForex is part of the OzForex Group, which provides foreign exchange services to thousands of customers across 6 continents. The OzForex Group Limited, is a publicly listed entity with shares traded on the Australian Securities Exchange under the code "OFX".

  • 460,000 fund transfers last year
  • AUD$9.1 billion in foreign exchange transactions last year
  • Approx 65,000 website visits per day
  • Over 170 staff and offices in Toronto, San Francisco, London, Sydney, Hong Kong and Auckland.

Strong Financials

A summary of our financial results for the year ending 31 March 2013:

  • Revenue                        $52.1m
  • Earnings before tax     $24.2m
  • Net assets                    $30.8m

You can view OzForex' latest financial accounts here.

Low Risk Business Model

Our business model is inherently a low risk one. By offering a deliverable-only foreign exchange service we do not take positions in the market ourselves, so we assume very little transactional or market risk.

Website Security

Our secure online platform uses minimum 2048 bit SSL certificates to encrypt traffic and Thawte online security and protection.

 

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OFX is regulated in over 50 jurisdictions. If you would like to find out more about which entity you receive services from, please contact us on customer.service@ofx.com.