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Agility Forex Company was founded in 2013 by Andrew McGuire and Iain Thomson, both of whom have extensive backgrounds in the financial sector. The founders aimed to create a streamlined, efficient alternative to traditional banking for foreign exchange and international money transfers. Their vision was to provide customers with better rates and lower fees than those typically offered by banks.
Agility Forex operates as a privately held company and is governed by Canadian laws. In 2018, it entered into a strategic partnership with Central 1 Credit Union, which acquired a 28% equity stake in the company. This partnership has enabled Agility Forex to expand its services and reach within Canada.
The company's headquarters is located at 885 West Georgia St, Vancouver, British Columbia, Canada. This location places Agility Forex in one of Canadas financial hubs, facilitating its operations and partnerships.
Although Agility Forex primarily serves Canadian clients, it offers international money transfer services to various countries around the globe. The company focuses on providing competitive exchange rates and low to zero transfer fees, making it an attractive option for individuals and businesses looking to send money internationally.
Agility Forex is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which oversees the regulations concerning money laundering and terrorist financing. This registration ensures that the company adheres to Canadian financial regulations and provides a level of security for its clients.
Since its inception, Agility Forex has focused on expanding its service offerings and improving its technological infrastructure. The partnership with Central 1 has been pivotal in increasing its market reach, particularly among credit unions across Canada, which have integrated Agilitys platform into their services.
Agility Forex has experienced steady growth in its customer base, primarily due to its competitive pricing and user-friendly online platform. As of early 2024, the company has garnered a positive reputation, reflected in customer reviews that highlight its efficiency and customer service.
The Agility Forex platform has undergone continuous improvements, focusing on user experience and security. The platform provides 24/7 access to currency exchange services, allowing users to complete transactions at their convenience. The integration of advanced security measures, such as 256-bit encryption, has been a significant aspect of its development.
While Agility Forex has not received major industry awards, it has been recognized for its innovative approach to currency exchange and customer service. Customer satisfaction ratings, particularly on platforms like Trustpilot, reflect a high level of service quality.
Agility Forex specializes in foreign exchange trading, offering a variety of currency pairs primarily focused on the Canadian dollar (CAD). The platform provides access to over 20 currency pairs, facilitating transactions for both individuals and businesses.
Currently, Agility Forex does not offer stock trading options. The company's focus remains on currency exchange and international money transfers.
Agility Forex does not provide Contracts for Difference (CFDs) as part of its service offerings. The primary focus is on currency exchange and international payment services.
While Agility Forex does not directly offer cryptocurrencies or commodities trading, it provides a seamless platform for international money transfers, which can involve various currencies, including those used in cryptocurrency transactions.
Agility Forex differentiates itself through several unique advantages:
Agility Forex is primarily regulated by FINTRAC in Canada. This regulatory body ensures compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. However, it is important to note that Agility Forex does not hold a license from any additional regulatory authorities outside of Canada.
Agility Forex operates as Agility Forex Limited in Canada. The legal structure is straightforward, focusing on providing services primarily within the Canadian market.
Agility Forex implements several measures to protect client funds, including fund segregation to ensure that customer assets are kept separate from company funds. Additionally, the company uses advanced security protocols to safeguard personal and financial information.
While the primary focus is on Canadian clients, Agility Forex facilitates international money transfers to various countries. However, it does not serve clients in the United States, which limits its market reach.
Agility Forex has maintained compliance with Canadian regulations since its inception. The company has not faced any significant compliance issues, reflecting its commitment to adhering to industry standards.
Agility Forex competes with several other companies in the foreign exchange and international money transfer space, including:
Agility Forex positions itself as a straightforward, cost-effective alternative to traditional banks for currency exchange and international money transfers. Its focus on Canadian clients and competitive pricing has allowed it to carve out a niche in the market.
Agility Forex differentiates itself through:
In conclusion, Agility Forex has established itself as a reliable and competitive player in the Canadian foreign exchange and international money transfer market. With a focus on transparency, customer service, and competitive pricing, it continues to attract a growing customer base. For more information on their services and to explore the platform, learn more here.
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