OZ Forex
13/04/2013 21:07
Broker Website Age: 13 years 4 months
Broker Slogan: Foreign exchange services
Platforms: manual (no platform)
Davey Review: 8.5/10
OZ Forex 8.5/10
OZ Forex is certainly one of the most impressive Forex brokers that we have in the market. They are based in Australia have got some of the most promising features and great reviews by the customers. They are certified by ASIC and hold and FSL certificate as well. For Australians, there has never been a platform better than OZ Forex. The brokers are based in Sydney. They are mostly suitable for people who are trying to buy property overseas or for corporate clients. They have also won the Deloitte Technology Fast 50 award for their technology and service.
As far as customer reviews go, both individuals and corporate prefer them as the chief forex agent. The primary reason behind this is that FX Pro does not charge as much money on a foreign transaction as the banks do and the users are able to save a lot of money. The fact that the website is very simple and easy to use makes it a hit amongst the novice users as well. In general, we see a trend amongst the users to OZ Forex over all other money transaction methods used for trading overseas.
The most important benefit that comes with OZ Forex is that it saves a lot of money. You can easily pay $30 for a specific sum of transaction with the bank and it is seriously considerable when you have to transfer huge funds. Therefore, OZ Forex is a great way to ward that extra expenditure off. The transfer does take a day days at time but their consumer service is quite reliable and they always help. Till date, there have been no reviews by customers saying that they have been hung up on phone for hours.
However, there are some restrictions as well. The minimum account to be transferred is 2000 AUD. Hence people looking to make smaller transactions may not get anything out of it. Moreover, for non-Australians, the registration process is a little lengthy and often tiresome. In fact, the OZ Forex Travel Cards have also been rated highly by the users.
We recommend this product to all Australians who want simple, fast and effective funds transfers and better exchange rates than the banks. Moreover, OZ Forex is cheaper and this is the biggest advantage it has over other brokers, specially the banks. They trade in about 47 currencies and therefore, they make for a great choice for international currency trades.
