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How does OFX ensure the safety of my funds?

Broker Issues
OFX
Regulation
02-26
Estados Unidos
WikiFX
Sagot

OFX ensures the safety of its customers' funds through strict regulation by ASIC in Australia, which is one of the most reputable financial authorities globally. ASIC’s oversight requires OFX to maintain certain standards, such as keeping clients' funds segregated from the company’s operating funds. This provides an additional layer of security, ensuring that even if OFX were to face financial issues, customers’ funds would be protected. Additionally, OFX is partnered with over 50 global regulators, which gives it credibility and ensures that it operates under strict financial laws. The OFX login system allows customers to securely access their accounts, making it easy to monitor transactions and check balances. What is OFX if not a trusted platform for international transfers? With the company’s solid regulatory backing, my experience with the platform feels secure, but it’s important to note that while OFX is regulated, it only offers currency exchange services, not other trading instruments like stocks or forex. For anyone looking for a full trading platform with diverse options, OFX may not meet those needs.

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