HiFX PLC is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration number 462444, for the provision of payment services. HiFX PLC is also a registered MSB with HM Revenue & Customs – registration number 12131222
Security of Funds
When buying or selling currency with us, your funds are held either in pooled client trust bank accounts or are held at one of our counterparty brokers as cash in transit or collateral to meet our obligations relating to clients’ trades. Funds can be used to fulfil the contractual obligations of our clients but will never be anywhere other than:
- In the segregated client accounts
- With our banking counterparties.
- In transit i.e. being sent.
HiFX Online is Norton secured. The Norton seal is the most recognised trust mark on the internet and helps companies and consumers all over the World engage in trusted communications and commerce billions of times every day. 97 of the World's 100 largest SSL-using banks and over 93% of Fortune 500 companies use SSL Certificates sold by Norton. In addition, Norton secures more than one million Web servers worldwide, more than any other Certificate Authority.
For more information read our Guide to Staying Safe Online
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.