Foreign exchange companies are normally distinct from money transfer companies or remittance companies and bureaux de change as they typically perform high-value transfers unlike their money transfer counterparts that focus on high-volume low-value transfers generally by economic migrants back to their home country or to provide cash for travelers. Transactions can be either spot transactions or forward transactions. Foreign exchange markets in India has shown a steady increase as a consequence of increase in the volume of foreign trade of the country, improvement in the communications systems and greater access to the international exchange markets.
The volume of transactions in these markets amounting to about USD 2 billion [2] per day does not compete favorably with any well developed foreign exchange market of international repute but with the entry of online Foreign Exchange Companies the market is steadily growing.
The Australian foreign exchange market has grown considerably to be the highly liquid, globally integrated market that it is today.
OFX | International Money Transfers (formerly UKForex)
These companies' selling point is usually that they will offer better exchange rates or cheaper payments than the customer's bank. The 10 largest companies in the UK by net profit as at August [ citation needed ].
This will further enhance exchange business in the region. New development around the UAE is also set to give a boost to the tourism sector, which would, in turn, increase demand for currency exchange services [10]. In Singapore, foreign exchange companies are governed by the Monetary Authority of Singapore under the Money-Changing and Remittance Businesses Act [11] which sets out the criteria for license application [12] as well as guidelines when it comes to the prevention of money laundering and countering the financing of terrorism.
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- ©UKForex Limited (trading as “OFX”) is: registered in England and Wales (Company No.;
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- OFX (company) - Wikipedia.
- 25 Best UK Forex Brokers for 2021.
Retrieved 13 December Fx Daily Report. UKForex gets plenty of coverage in the media.
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Below are some recent examples. I can supply more if you need. UKForex also have some large partners that promote our service. Hope the above gives you some insight into UKForex and how we are unique and notable. We'd very much like our page back so can you please reconsider your redirect? Should the page be redirected to Ozforex , or have it's own article.
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From Wikipedia, the free encyclopedia. Turning page into redirect [ edit ] The following discussion is closed. Please do not modify it.
Subsequent comments should be made in a new section. We take a lot of pride in our business including our brand-specific Wikipedia page and would appreciate it if you could please change this back. If you need proof of our significance as a brand please let me know. It would be great to get a response from you so we can sort this out. Looking forward to hearing from you.
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I appreciate that UKForex is a separate subsidiary and has an office and is licenced in the UK, but you would expect that from any financial company subsidiary in a different country, that does not make it unique and notable. I agree the brand is localised, but I don't see that this makes it different, many large companies localize their services but that does not make the localized version unique or notable in its own right.
The OzForex company provides the same services under all its brands and UKForex appears as no exception. Note that the guideline says that "Trivial or incidental coverage of a subject by secondary sources is not sufficient to establish notability" all the links except for one you have provided fall under this category as it was simply somebody at UKForex commenting on stories unrelated to the company itself.
Ozforex as a whole is only marginally notable as a company under Wikipedia guidelines and its subsidiaries seem even less notable.