HiFX
Encyclopedia
HiFX is a UK based foreign exchange
money broker. The company provides foreign exchange payment services to individuals and corporate customers in a number of different countries. It specialises in providing online and international money transfer services for property purchase and emigration.
In 2001 it made its first expansion overseas when it opened an office in New Zealand. This was to become its second largest operation outside the UK and provided services to Australasia and the wider Asia Pacific region.
In 2004 it changed its name to HiFX Plc. That same year it also opened an office in San Francisco to serve the North America market.
In 2008 it acquired New Zealand based 'Currency Online' giving it access to an online payment platform and technology. It continued to operate this under the Currency Online brand.
In 2010 it disposed of its US subsidiary HiFX Risk Management and also its Australian based risk management consultancy business HiFX (Australia) Pty.
Foreign exchange market
The foreign exchange market is a global, worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends...
money broker. The company provides foreign exchange payment services to individuals and corporate customers in a number of different countries. It specialises in providing online and international money transfer services for property purchase and emigration.
History
The company was established in 1998 as HIFX Limited in the UK and went to become one of the major UK non-bank foreign exchange companies.In 2001 it made its first expansion overseas when it opened an office in New Zealand. This was to become its second largest operation outside the UK and provided services to Australasia and the wider Asia Pacific region.
In 2004 it changed its name to HiFX Plc. That same year it also opened an office in San Francisco to serve the North America market.
In 2008 it acquired New Zealand based 'Currency Online' giving it access to an online payment platform and technology. It continued to operate this under the Currency Online brand.
In 2010 it disposed of its US subsidiary HiFX Risk Management and also its Australian based risk management consultancy business HiFX (Australia) Pty.