United Kingdom · Payments & e-money
UKForex Limited
Trading asOFX
UKForex Limited, trading as OFX, is a private limited company based in London. The Financial Conduct Authority (FCA) authorises it as an electronic money institution (firm reference 902028). It is a wholly owned subsidiary of OzForex Limited, part of OFX Group Limited, which is listed on the Australian Securities Exchange (ASX). It offers international payments, currency conversion, forward contracts, multi-currency accounts and Visa corporate cards to businesses and consumers.
Licences and registrations
Held by UKForex Limited. 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - E-Money InstitutionsFCA | Authorised E-Money InstitutionE-Money / Stored Value Institution | 902028 | United Kingdom | Active | 2018-07-12 | — |
|
Search the register ↗ |
| FCA Financial Services Register - Payment Institutions & RAISPsFCA | Authorised Payment InstitutionPayment Institution | 521566 | United Kingdom | Cancelled - Authorised PI | — | Ended 2018-07-12 |
|
Search the register ↗ |
Trading names on the register: OFX (FCA-EMI, FCA-PSD)
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
100% OzForex Limited
Firm type
FX and business payments
Trades as OFX
- Standing
- The FCA cancelled the firm's authorisation as a payment institution (reference 521566) on 12 July 2018, the day it was authorised as an electronic money institution (reference 902028). On 23 July 2026 its ultimate parent, OFX Group Limited, agreed terms for a proposed cash acquisition by Alakazam Holdings Bidco Limited, the owner of Equals. The deal was still conditional in September 2026.
- Ownership
- OzForex Limited owns 100% of the firm. Its ultimate parent is OFX Group Limited, which is listed on the ASX.
- Direct parent
- OzForex Limited, Australia 100%
- Ultimate owner
- OFX Group Limited, Australia
- Head office
- 4th Floor, The White Chapel Building, 10 Whitechapel High St, E1 8QS London, United Kingdom
- Company register
- Companies House 04631395
- Incorporated
- 8 Jan 2003
Online
- Websites & references
- ofx.com ↗
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · WeChat ↗
- Apps
- App Store ↗ · Google Play ↗ · App Store ↗ · Google Play ↗
Sources · 16 pages consulted
- find-and-update.company-information.service.gov.uk/company/04631395
- find-and-update.company-information.service.gov.uk/company/04631395/officers
- find-and-update.company-information.service.gov.uk/company/04631395/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/04631395/filing-history
- find-and-update.company-information.service.gov.uk/company/04631395/filing-history/MzQ5NTMzOTM2OGFkaXF6a2N4/document?format=pdf&download=0
- ofx.com/en-gb/legal/
- ofx.com/en-gb/legal/card-agreement/
- ofx.com/en-gb/legal/global-currency-account-terms-of-service/
- ofx.com/en-gb/faqs/how-ofx-helps-protect-your-money/
- register.fca.org.uk/s/unauthorised-firm?id=0014G00002WKlh3QAD
- ofx.com/en-au/about-us/global-executive-team/
- listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading
- finextra.com/pressarticle/110537/equals-to-acquire-ofx
- kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaf
- announcements.asx.com.au/asxpdf/20260923/pdf/074fbjrrxh0kb2.pdf
- en.wikipedia.org/wiki/OFX_(company)
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution under reference 902028. It issues e-money accounts and OFX Cards in its own name.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 902028 | In its own name | Active | ofx.com ↗ |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 521566 | In its own name | Withdrawn or expired | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it safeguards funds equal to customers' e-money balances in a separate bank account, and that e-money is not protected by the Financial Services Compensation Scheme.
- Payment schemes and card networks
- Visa Access not stated ofx.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It offers business accounts for receiving and holding more than 30 currencies, payments to more than 180 countries, spot transfers, forward contracts, limit orders, Visa corporate cards, and spend-management and accounts-payable tools. It also offers money transfers to consumers.
It serves customers in the United Kingdom under its FCA authorisation. OFX Group serves customers in other regions through separate entities, including OFX Payments Ireland Limited for the EEA.
- Revenue
- GBP 11.6m
- Sells to
- Small businesses · Consumers · Enterprises
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Maeve McMahon Director (OFX Group Chief Commercial Officer, B2B)
- Executive
- Alexander John Edwards Director
- Executive
- David Byrne Director
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
OFX Group extended exclusivity for the proposed Equals acquisition to 30 October 2026 so that Equals could finalise its debt financing.
kalkinemedia.com ↗ -
Leadership
The firm replaced its company secretary Daniel Charvill with Hilda Akech and Sophie Roberge.
find-and-update.company-information.service.gov.uk ↗ -
Merger / acquisition
OFX Group Limited agreed terms for a proposed acquisition by Alakazam Holdings Bidco Limited, owner of Equals, at AUD 1.00 cash per share.
finextra.com ↗ -
Other
OFX Group Limited announced a strategic review of the group on 5 February 2026.
listcorp.com ↗ -
Leadership
Mark Ryan Shaw resigned as a director of the firm on 5 November 2025.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed David Byrne as a director on 4 August 2025.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm launched a new platform for corporate customers, adding business accounts, cards and automated finance tools.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Alexander John Edwards as a director on 16 December 2024.
find-and-update.company-information.service.gov.uk ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Regulator warnings
Researched 29 Sep 2026 · Sources
-
Impersonation Financial Conduct Authority, United Kingdom
The FCA warned about a clone firm called UK Forex, which fraudsters were passing off as UKForex Ltd (FRN 902028), and stated that the real firm has no connection with it.
register.fca.org.uk ↗
Entries on regulators’ consumer-warning lists that name the firm or its brand. An impersonation warning is about fraudsters posing as the firm, not about the firm itself.
Identifiers
- Licence no. · FCA-EMI
- 902028
- Licence no. · FCA-PSD
- 521566
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- f9bddf28d0ee
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- E-Money / Stored Value Institution
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom · Europe & Central Asia
- First registered
- 2018-07-12
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- 4th Floor, The White Chapel Building, 10 Whitechapel High St, London, E1 8QS
- Country
- United Kingdom
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<Nm>UKForex Limited</Nm>
<PstlAdr>
<PstCd>E1 8QS</PstCd>
<TwnNm>London</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>4th Floor, The White Chapel</AdrLine>
<AdrLine>Building, 10 Whitechapel High St</AdrLine>
</PstlAdr>
</FinInstnId>CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Registers for this page
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · source ↗ as at 25 September 2026
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · source ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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