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Safety of Your Money
The safety of your money is an important consideration when deciding which provider you use to send money internationally. Since its launch in 1998, OzForex has grown to be one of the world's largest online foreign exchange companies, with dealing rooms in Sydney, London and Toronto. OzForex is a subsidiary of Macquarie Bank, one of Australia's leading financial services organisations. OzForex holds an Australian Financial Services Licence (AFSL) issued by ASIC to deal in foreign exchange. This licence can be viewed by following this link to the ASIC website: (AFS Licence number 226 484). OzForex is part of The OzForex Group which also includes UKForex, CanadianForex, NZForex and Tranzfers. The Group completes over 200,000 funds transfers per year on behalf of over 65,000 transacting customers. OzForex offers a safe and regulated alternative to the banks for transferring funds. OzForex efficiently transfers money from customer to beneficiary via leading financial institutions. OzForex does not pay out customer transfers until customers have paid OzForex. This means the Company has no settlement risk on transfers. As OzForex does not carry any overnight market risk, the Company does not suffer losses resulting from exchange rate movements and so you can feel comfortable that your transfer will reach the recipient on time, every time. Your funds are held in accounts with major financial institutions and are only released once your outward payment has been sent. OzForex is a trusted provider to thousands of customers world-wide who have enjoyed the benefits of excellent rates and low fees without compromising on service. OzForex and foreign exchange dealing are regulated in Australia by the Australian Securities and Investment Commission. Financial Service Reform was enacted in 2003 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. You may also wish to read the press release for details of Macquarie Bank's acquisition of OzForex in 2007.
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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.
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Regulated in Australia by ASIC (AFS Licence number 226 484) |
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