Is my money safe with HiFX?
HiFX PLC is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration 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 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:
HiFX are the Service Provider for The Post Office’s ‘International Payments' service. If you send money overseas through the Post Office, you will be talking to and dealing with HiFX. Visit HiFX at the Post Office
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.
We have an exceptionally strong balance sheet and no debt. HiFX plc group net assets at 30 June 2013 were £15.1m one of the strongest in the industry. Our accounts are available on our website at
HiFX 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.
HiFX is one of the first third party companies to be promoted by Westpac Banking Corporation. As of 30 September 2009 The Westpac Group employed approximately 37,000 people worldwide with global assets of $590 billion. For more information please visit the Westpac website