UKForex Ltd is an electronic money institution focused on foreign exchange and international payments. UKForex Ltd offers international money transfers, foreign exchange, e-wallet accounts to individuals, small- and medium-sized businesses, online sellers. Incorporated in the United Kingdom, UKForex Ltd is authorized and regulated by the Financial Conduct Authority. UKForex Ltd is doing business as OFX.
UKForex offers money transfers between more than 190 countries in 55 currencies. Money can be sent from OFX e-wallets and received to bank accounts. Transfers made with UKForex are usually completed within 1-2 days.
UKForex do not conduct operations with cryptocurrencies.
UKForex Ltd is authorized by the Financial Conduct Authority (reference number 902028) for issuance of electronic money, refund of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance. The authorization was granted on 12 July 2018.
Due to EEA passport rules UKForex Ltd, can conduct its activities in any of the 31 EEA member states. UKForex Ltd do not participate in deposit guarantee schemes.
UKForex Ltd is a SWIFT member.