OzForex, a subsidiary of Macquarie Bank, is a major player in the global forex market, offering competitive exchange rates and excellent customer service. The company has won several awards and has a growing client base of small and medium-sized businesses, migrants, expatriates, and individuals investing abroad.
OzForex is a subsidiary of Macquarie Bank, a leading Australian financial organization. The company is headquartered in Sydney, Australia, with operations in other locations including the United Kingdom, New Zealand, and Canada. OzForex is part of the OzForex Group, which also includes CanadianForex, Tranzfers, NZForex and UKForex. OzForex holds the Australian Financial Services License (AFSL), which is issued by the Australian Securities and Investments Commission (ASIC) to allow forex transactions.
Since its launch in 1998, the Ozforex Group has grown substantially. It has become one of the largest online currency exchange companies in the world. The growth of this company has come about primarily by offering excellent customer services, cutting-edge technologies, and exchange rates that are very competitive.
The OzForex website lists exchange rates for many currencies. Historical charts are listed on the website, as well as strategies that can manage exchange rate exposure. There are also daily comments on the website with comments on where various coins have opened and how the coins are progressing compared to other coins.
There are also comments on what price range to expect for various coins during the day. For example, there is discussion about the Australian dollar, the New Zealand dollar, or the British pound, but the discussion is not limited to these currencies. There is also a weekly market watch section of the website that provides a summary of the previous week’s highlights and an overview of upcoming major events and relevant information for the week ahead.
Offering 24-hour access to private client dealers and corporate dealers, OzForex Group makes at least 200,000 funds transfers a year on behalf of clients. Having this type of experience has helped make the company a major player in the global forex market. For example, there are 500,000 visitors a month and 65,000 transacting customers worldwide. The company’s expanding client base consists of small and medium-sized businesses exporting and importing goods, migrants transferring their financial assets, expatriates repatriating funds and individuals investing abroad.
The company has won several awards for its success. In 2005, OzForex was recognized as one of Australia’s fastest growing companies with its sixth place finish in the 2005 Business Weekly Fast 100 (BRW Fast 100) awards. The company was ranked fifth in the 2005 Deloitte Technology Fast 50 (DTF50) Awards, also in 2009. In addition, company founder Matt Gilmour received the Ernst and Young Entrepreneur of the Year New South Wales (NSW) award. in Australia in the category of Emerging Technology and Industry.
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