About AquireFX
Overview of AquireFX
AquireFX is an Australian-based international money transfer and currency exchange provider, founded on 2 January 2019. The company operates from Sydney and Melbourne, offering services to individuals and businesses that need to send money overseas or convert currencies. Its official website is aquirefx.com, and it maintains a Facebook presence.
Unlike many platforms that bundle hidden margins into exchange rates, AquireFX positions itself as a transparent alternative. It claims to pass on wholesale interbank rates and charge a separate, disclosed fee. This model is intended to give clients clarity on the true cost of their transfers.
Regulation and Licensing
AquireFX holds an Australian Financial Services Licence (AFSL 500818) issued by the Australian Securities and Investments Commission (ASIC). This licence authorises it to deal in foreign exchange contracts. ASIC is a well-regarded regulator in the retail financial space, known for its strict oversight and consumer protection measures.
In addition, AquireFX is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a remittance provider (IND100557252-0019). This requires the company to comply with anti-money laundering and counter-terrorism financing obligations, including customer identification and transaction monitoring.
Services and Pricing Model
AquireFX's core service is international money transfers using the wholesale market exchange rate. The company does not offer leveraged forex trading or CFDs; it is purely a money transfer business. Clients can send funds in various currencies, and the platform provides live quotes and rate locking.
Pricing is tiered based on transfer amounts. For transfers between AUD 2,000 and AUD 100,000, the fee is 0.60% of the amount plus a flat AUD 20. The percentage fee decreases with higher amounts, down to 0.20% for transfers over AUD 1.5 million. This structure is designed to reward larger transfers with lower proportional costs. The minimum transfer is AUD 2,000.
Account Setup and User Experience
To use AquireFX, clients must register online and provide identification documents for verification. The process is standard for regulated money transfer providers. After verification, users access a customer portal to create transfer orders, add beneficiaries, and track transaction status.
The website provides a simple interface with a currency converter calculator that displays the market rate and the effective rate after fees. The company emphasises same-day delivery for some transfers, though actual times depend on the destination and banking systems. AquireFX also offers a FAQ section covering payment delivery times and supported currencies.
Target Audience
AquireFX primarily serves individuals and businesses that regularly make international payments or need to convert large sums. The tiered fee structure makes it particularly cost-effective for higher-value transfers. The company markets itself to small and medium-sized enterprises looking to reduce foreign exchange costs.
The service is not designed for speculative currency trading, but rather for practical, real-world money movement. Clients who value transparency and regulatory oversight may find AquireFX appealing, given its ASIC licence and disclosed fees.
Limited Public Information
While AquireFX provides detailed information on its website, third-party reviews and independent commentary are sparse. The company has no independent user reviews on major platforms as of this writing. This lack of external feedback means that potential clients must rely on the company's own disclosures and regulatory credentials.
Given the low scam risk score of 13/100 assigned by FXCanary, the broker appears to be a legitimate operator. However, the absence of a long trading history or broad community feedback suggests caution is warranted, particularly for very large transfers.
Overview compiled by FXCanary from regulatory records and public data. full AquireFX review