Is my money safe with HiFX?
HiFX Europe Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration 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
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 uses Norton – the system preferred by 97% of the World’s top 100 banks and 93% of Fortune 500 companies. Norton is also used billions of times a day by companies and consumers across the World.
Some additional facts and figures about HiFX include:
Last year HiFX advised on and executed over £9billion in foreign exchange and is trusted by over 40,000 people and 2,000 corporate clients each year around the world.
In 2014 HiFX was acquired by Nasdaq listed Euronet Worldwide, Inc. (EEFT)
Euronet has a market capitalisation in excess of $2.5 billion and a Corporate investment grade rating from Standard & Poor’s of BBB-. Last year the Euronet group processed more than 2.3 billion transactions and posted annual revenues of more than $1.4billion.
Euronet Annual Report.
HiFX has offices in both the northern and southern hemispheres and a workforce of over 200 employees.
We have in excess of £2billion placed on the Money Markets on behalf of our commercial customers.