OFX

Q: What are the main features of OFX?

Forward contracts lock rates twelve months, Limit orders trigger at target rate, Multi-currency business accounts in 30+ currencies, Corporate cards with real-time spend controls, Xero and QuickBooks two-way sync integration

Q: What are the pros of using OFX?

Zero fees above $10,000, 50+ regulated global regulators, No maximum transfer limits, 24/7 live specialist phone support

Q: What are the cons of OFX?

High $150 minimum transfer, Exchange rate markup not transparent, Consumer segment revenue declining

Institutional-Grade Cross-Border Payments Powering Global Business Finance

Available in 8 countries Last verified: Feb 2026

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Founded

1998

Users

1,000,000+

Total Funding

$439M (IPO proceeds)

Employees

700+

🏢 Company Overview

Headquarters

Sydney, Australia

CEO

Skander Malcolm (John Alexander Malcolm)

Founder

Matthew Gilmour

Funding Stage

Public

Total Funding

$439M (IPO proceeds)

Users

1,000,000+

Pricing

free

AML Compliant GDPR PCI DSS E-Money License Payment License No

ℹ️ About OFX

OFX is an Australian-headquartered fintech company, formerly known as OzForex, specializing in cross-border payments and foreign exchange services since 1998.

Listed on the ASX since 2013, OFX serves over one million clients globally through a network of approximately 115 bank accounts, delivering transfers in 50+ currencies to 170+ countries.

The platform offers forward contracts up to 12 months, limit orders, recurring transfers, multi-currency business accounts, and corporate cards in 30+ currencies.

OFX is regulated by over 50 global regulators including ASIC, FCA, and FinCEN, with white-label partnerships serving Travelex, MoneyGram, Xero, and Macquarie Group.