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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.
UKForex is a wholly owned subsidiary of OzForex, which is a subsidiary of Macquarie Bank, one of Australasia's leading financial services organisations. UKForex is part of the OzForex Group which also includes OzForex, CanadianForex, NZForex and Tranzfers.
Since its launch in 1998, the Group has grown to be one of the world's largest online foreign exchange companies, with dealing rooms in Asia, London and Toronto. The Group completes over 200,000 funds transfers per year on behalf of over 65,000 transacting customers.
UKForex offers a safe and regulated alternative to the banks for transferring funds. UKForex efficiently transfers money from customer to beneficiary via leading financial institutions. UKForex does not pay out customer transfers until customers have paid UKForex. This means the Company has no settlement risk on transfers. As UKForex 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. UKForex 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.
You may also wish to read the press release for details of Macquarie Bank's acquisition of OzForex in 2007.
In the United Kingdom UKForex is regulated by HMRC (Her Majesty's Revenue and Customs) Money Service Business number 12219180.
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