The security of funds is essential to our business, so we understand you will want to seek assurances that your money is safe. To assist you in this, here is some information on who we are and how we do business:
OzForex is part of the OzForex Group, which provides foreign exchange services to over 100,000 customers across 6 continents.
The Group employs over 120 staff and has offices in Toronto, San Francisco, London, Sydney, Hong Kong, and Auckland.
A summary of the Group’s financial results for the year ending 31 March 2011
Each year we are audited by PriceWaterhouseCoopers. View the latest OzForex consolidated financial statements
We are fully licenced in each of the jurisdictions where we operate, and comply with all local rules and regulations. In Australia, foreign exchange dealing is regulated by the Australian Financial Securities and Investment Commission (“ASIC”). OzForex Pty Ltd has an Australian Financial Services Licence ("AFSL") issued by ASIC to deal and give advice in relation to foreign exchange contracts and derivatives.
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.
Our secure online platform uses minimum 2048 bit SSL certificates to encrypt traffic and Thawte online security and protection.
Macquarie Bank in Australia is a major shareholder in the OzForex Group. While our operations are not supervised, and our liabilities are not guaranteed, in any way by Macquarie, we have adopted the bank's global risk management policies and procedures.
OzForex have been focussed on customer satisfaction since 1998. Here’s what some of our customers have to say:
"For any potential OzForex customers who have doubts as to whether this company can be relied upon or trusted, I can offer an assurance that, from my experience, OzForex goes above and beyond what could reasonably be expected of them when the situation arises.”
“12 months ago we trialled OzForex based on their very competitive rates. We were so happy with the savings, the service and information provided and the unprecedented convenience of attending to forex via the internet that RML now only perform forex transactions via OzForex”.
Read more customer comments