HiFX Europe Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration number 462444, for the provision of payment services. HiFX Europe Limited is also a registered MSB with HM Revenue & Customs – registration number 12131222
Security of Funds
HiFX is an authorised by the Financial Conduct Authority under the Payment Services Regulations 2009. Under the regulations HiFX must ensure we have safeguarded your funds in the unlikely event that HiFX become insolvent or go into liquidation.
When buying or selling currency with us, HiFX will hold all funds which you pay to us in a safeguarded pooled client money bank account. We will use funds from that account to meet our obligations relating to clients’ trades.
We may be required to pay money held in the Safeguarded Account out to counterparty banks or brokers as collateral for foreign exchange trades. Where we do this, the balance of funds remaining in the Safeguarded Account will be retained as Safeguarded Client Money and held on trust for clients.
When money is paid back to us from our counterparty banks or brokers we will pay that money back into the
Safeguarded Account to be Safeguarded Client Money held on trust for our clients.
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Payments & settlements
As one of the UK’s largest currency specialists, HiFX has access to SWIFT, the world's largest payments and settlements network for domestic and international trades. This ensures HiFX clients benefit from faster payments and enhanced security.
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