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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.
CanadianForex is a wholly owned subsidiary of OzForex, which is itself a subsidiary of Macquarie Bank, one of Australasia's leading financial services organisations. CanadianForex is part of the OzForex Group which also includes OzForex, UKForex, 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.
Your funds are held in accounts with major financial institutions and are only released once your outward payment has been sent. CanadianForex 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 Canada, CanadianForex is regulated by FINTRAC (Reporting Entity Number 11503). In Australia, OzForex has an Australian Financial Services License to deal and give advice in Foreign Exchange products granted by ASIC (License Number 226484). In the United Kingdom UKForex is regulated by HMRC (Her Majesty's Revenue and Customs) Money Service Business Number is 12219180.
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