OzForex Pty Ltd has an Australian Financial Services Licence (AFSL) issued by ASIC to deal and give advice in foreign exchange and derivatives. This licence can be viewed by following this link to the ASIC website: (AFS Licence number 226 484).
OzForex is a subsidiary of Macquarie Bank, one of Australia's leading financial organisations. Macquarie Bank subjects its majority and wholly owned subsidiaries, including OzForex, to risk and compliance audits on an annual basis.
Foreign exchange dealing is regulated in Australia by the Australian Securities and Investment Commission (ASIC) and companies providing services to deal in foreign exchange should be able to show they are licensed.
You should not deal with a foreign exchange provider that cannot demonstrate they are fully regulated.
In 2003 changes to the regulatory environment saw foreign exchange regulation brought under the Financial Services Reform Act (FSR) administered by ASIC. Financial Service Reform was enacted to increase regulatory protection for consumers purchasing or being advised about financial products.
You can visit the ASIC website to learn more about the regulatory environment in Australia and what it means for your protection and consumer rights.
IMPORTANT: This information has been prepared for distribution over the internet
and without taking into account the investment objectives, financial situation and particular
needs of any particular person. OzForex makes no recommendations as to the merits of
any financial product referred to in this website, emails or its related websites. Please read our Product Disclosure Statement and our Financial Services Guide.