--- title: "UKForex Limited · Authorised E-Money Institution (FCA) · United Kingdom | Elucidate" description: "UKForex Limited is authorised by FCA as an authorised e-money institution in the United Kingdom. Licence 902028. Register status, licences, activities and ownership." url: https://elucidate.co/directory/ukforex-limited-f9bddf28d0ee --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. UKForex Limited United Kingdom · Payments & e-money # UKForex Limited Trading as OFX 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. Register status Licensed in the United Kingdom Authorised E-Money Institution · FCA Prudential licence [2 licences and registrations ↓](https://elucidate.co/directory/ukforex-limited-f9bddf28d0ee#licences) BIC **No BIC** LEI **No LEI mapped** [Licence no. **902028**](https://elucidate.co/directory/ukforex-limited-f9bddf28d0ee#licences) ## 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 Institutions](https://elucidate.co/directory/register/fca-emi) FCA | Authorised E-Money InstitutionE-Money / Stored Value Institution | 902028 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2018-07-12 | — | - Payment services - E-money / stored value | [Search the register ↗](https://register.fca.org.uk/s/) | | [FCA Financial Services Register - Payment Institutions & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA | Authorised Payment InstitutionPayment Institution | 521566 | [United Kingdom](https://elucidate.co/directory/country/gb) | Cancelled - Authorised PI | — | Ended 2018-07-12 | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) | 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](https://elucidate.co/directory/ukforex-limited-f9bddf28d0ee#overview-sources) Customers Not published Employees 70 headcount · This entity · 31 Mar 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/filing-history/MzQ5NTMzOTM2OGFkaXF6a2N4/document?format=pdf&download=0) 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 ↗](https://www.ofx.com/en-gb/) [Wikipedia ↗](https://en.wikipedia.org/wiki/OFX_\(company\)) group article - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/ofx) · [X ↗](https://twitter.com/OFX) · [Facebook ↗](https://www.facebook.com/ofx) · [Instagram ↗](https://www.instagram.com/ofx) · [YouTube ↗](https://www.youtube.com/user/ozforex/) · [WeChat ↗](https://mp.weixin.qq.com/s/eyTOgywltFyLmgtcESWUnQ) - **Apps:** [App Store ↗](https://apps.apple.com/us/app/ofx-business-au/id1661719411) · [Google Play ↗](https://play.google.com/store/apps/details?id=au.com.paytron.app&pli=1) · [App Store ↗](https://apps.apple.com/au/app/ofx-money-transfer/id499457234) · [Google Play ↗](https://play.google.com/store/apps/details?id=au.com.ozforex&hl=en_AU&gl=US) Sources · 16 pages consulted 1. [find-and-update.company-information.service.gov.uk/company/04631395](https://find-and-update.company-information.service.gov.uk/company/04631395) 2. [find-and-update.company-information.service.gov.uk/company/04631395/officers](https://find-and-update.company-information.service.gov.uk/company/04631395/officers) 3. [find-and-update.company-information.service.gov.uk/company/04631395/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/04631395/persons-with-significant-control) 4. [find-and-update.company-information.service.gov.uk/company/04631395/filing-history](https://find-and-update.company-information.service.gov.uk/company/04631395/filing-history) 5. [find-and-update.company-information.service.gov.uk/company/04631395/filing-history/MzQ5NTMzOTM2OGFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/04631395/filing-history/MzQ5NTMzOTM2OGFkaXF6a2N4/document?format=pdf&download=0) 6. [ofx.com/en-gb/legal/](https://www.ofx.com/en-gb/legal/) 7. [ofx.com/en-gb/legal/card-agreement/](https://www.ofx.com/en-gb/legal/card-agreement/) 8. [ofx.com/en-gb/legal/global-currency-account-terms-of-service/](https://www.ofx.com/en-gb/legal/global-currency-account-terms-of-service/) 9. [ofx.com/en-gb/faqs/how-ofx-helps-protect-your-money/](https://www.ofx.com/en-gb/faqs/how-ofx-helps-protect-your-money/) 10. [register.fca.org.uk/s/unauthorised-firm?id=0014G00002WKlh3QAD](https://register.fca.org.uk/s/unauthorised-firm?id=0014G00002WKlh3QAD) 11. [ofx.com/en-au/about-us/global-executive-team/](https://www.ofx.com/en-au/about-us/global-executive-team/) 12. [listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading](https://www.listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading-update-3380389.html) 13. [finextra.com/pressarticle/110537/equals-to-acquire-ofx](https://www.finextra.com/pressarticle/110537/equals-to-acquire-ofx) 14. [kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaf](https://kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaffirms-100-per-share-scheme-consideration) 15. [announcements.asx.com.au/asxpdf/20260923/pdf/074fbjrrxh0kb2.pdf](https://announcements.asx.com.au/asxpdf/20260923/pdf/074fbjrrxh0kb2.pdf) 16. [en.wikipedia.org/wiki/OFX\_(company)](https://en.wikipedia.org/wiki/OFX_\(company\)) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ukforex-limited-f9bddf28d0ee#overview-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 ↗](https://www.ofx.com/en-gb/legal/) | | 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](https://elucidate.co/directory/ukforex-limited-f9bddf28d0ee#overview-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. [ofx.com ↗](https://www.ofx.com/en-gb/legal/global-currency-account-terms-of-service/) - **Payment schemes and card networks:** Visa Access not stated [ofx.com ↗](https://www.ofx.com/en-gb/legal/card-agreement/) 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](https://elucidate.co/directory/ukforex-limited-f9bddf28d0ee#overview-sources) - International money transfer - FX conversion - FX hedging - Multi currency accounts - Debit cards 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 11.6mThis entity · 31 Mar 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/filing-history/MzQ5NTMzOTM2OGFkaXF6a2N4/document?format=pdf&download=0) - **Sells to:** Small businesses · Consumers · Enterprises - **Serves customers in:** United Kingdom ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ukforex-limited-f9bddf28d0ee#overview-sources) - **Executive:** Maeve McMahon Director (OFX Group Chief Commercial Officer, B2B) Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/officers) - **Executive:** Alexander John Edwards Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/officers) - **Executive:** David Byrne Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/officers) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ukforex-limited-f9bddf28d0ee#overview-sources) 1. Sep 2026 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 ↗](https://kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaffirms-100-per-share-scheme-consideration) 2. Sep 2026 Leadership The firm replaced its company secretary Daniel Charvill with Hilda Akech and Sophie Roberge. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/filing-history) 3. Jul 2026 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 ↗](https://www.finextra.com/pressarticle/110537/equals-to-acquire-ofx) 4. Feb 2026 Other OFX Group Limited announced a strategic review of the group on 5 February 2026. [listcorp.com ↗](https://www.listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading-update-3380389.html) 5. Nov 2025 Leadership Mark Ryan Shaw resigned as a director of the firm on 5 November 2025. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/officers) 6. Aug 2025 Leadership The firm appointed David Byrne as a director on 4 August 2025. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/officers) 7. Jun 2025 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 ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/filing-history/MzQ5NTMzOTM2OGFkaXF6a2N4/document?format=pdf&download=0) 8. Dec 2024 Leadership The firm appointed Alexander John Edwards as a director on 16 December 2024. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/officers) 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](https://elucidate.co/directory/ukforex-limited-f9bddf28d0ee#overview-sources) 1. Undated 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 ↗](https://register.fca.org.uk/s/unauthorised-firm?id=0014G00002WKlh3QAD) 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 - **Companies House no.:** [04631395 ↗](https://find-and-update.company-information.service.gov.uk/company/04631395) - **Elucidate firm ID:** f9bddf28d0ee ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** E-Money / Stored Value Institution - **Activities:** - Payment services - E-money / stored value - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) · 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. ## Persons with significant control Companies House · company [04631395 ↗](https://find-and-update.company-information.service.gov.uk/company/04631395) · as at 9 October 2026 The company states that no person or legal entity has significant control over it. Companies report persons with significant control to Companies House. Elucidate has not verified them. A person with significant control holds more than 25% of the shares or votes, can appoint or remove the board, or has significant influence or control. Dates of birth and addresses are not shown. Matched on the Companies House number that the FCA register gives for this firm. [See the register at Companies House ↗](https://find-and-update.company-information.service.gov.uk/company/04631395/persons-with-significant-control) ## 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 ```xml UKForex Limited E1 8QS London GB 4th Floor, The White Chapel Building, 10 Whitechapel High St ``` 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. ## Related institutions ### Other payments & e-money institutions in the United Kingdom - [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l) - [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725) - [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392) - [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l) - [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22) - [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896) - [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5) - [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb) [See all →](https://elucidate.co/directory/search?type=payments&cc=GB) [Other entries on FCA-EMI →](https://elucidate.co/directory/register/fca-emi) 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 →](https://elucidate.co/directory/methodology) Registers for this page - **FCA Financial Services Register - E-Money Institutions**—Financial Conduct Authority (FCA) · [source ↗](https://register.fca.org.uk/s/) as at 25 September 2026 - **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [source ↗](https://register.fca.org.uk/s/) as at 25 September 2026 - **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) as at 9 October 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)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.