OFX
Info CheckedCurrency Exchange & Money Transfer
Online, Dubai
About
OFX is a global online foreign exchange and international payments company that specialises in large-value transfers for individuals and businesses. Originally founded in Australia as OzForex, OFX now serves customers in over 170 countries with competitive exchange rates and personalised service. The company is particularly well-suited for property buyers, investors, and businesses that need to move significant sums across borders with minimal exchange rate markup.
Key Services
OFX provides international money transfers, forward contracts (locking in exchange rates for future transfers), limit orders (automatic transfers when a target rate is reached), and recurring payment scheduling. The platform supports transfers in 50+ currencies and specialises in transactions above USD 10,000. OFX's forward contracts are particularly valuable for property buyers who want to lock in today's exchange rate for a payment due in 3, 6, or 12 months — protecting against currency fluctuations during a property purchase timeline. Their online platform provides real-time rate quotes and 24/7 transfer capability.
Why Choose OFX
OFX is built for large-value transfers, making it ideal for Dubai property purchases where buyers are converting significant amounts from their home currency to AED. Their exchange rate margins are typically much tighter than banks and traditional exchange houses, which can translate to savings of thousands of dirhams on a property transaction. The forward contract feature is particularly valuable for off-plan property buyers making staged payments over months or years, as it eliminates currency risk on future instalments.
Services Offered
Key services OFX provides for currency exchange & money transfer clients in Dubai:
Why Choose OFX
- Specialist in large international transfers, useful for moving property purchase funds into the UAE or sending sale proceeds abroad.
- FX risk tools (forward contracts and limit orders) let you lock or target a rate ahead of a big-ticket payment.
- UAE residents can register and send from an Emirati bank account; transfers reach major UAE banks including Emirates NBD, ADCB and Dubai Islamic Bank.
- Operating for 25+ years (founded 1998) and listed on the Australian Stock Exchange since 2013.
- Live near-interbank rates and a currency converter published on the website.
- 24/7 customer support with access to real people, day or night.
How OFX Works
-
1
Register and verify
Create a free OFX account online or in the app and verify your identity with ID documents (UAE residents can register with an Emirati bank account).
-
2
Get a quote and lock the rate
Book a transfer to see the rate, or use a forward contract or limit order to secure a rate ahead of a large payment.
-
3
Fund the transfer
Send funds to OFX by bank transfer or direct debit from your nominated account.
-
4
OFX pays the beneficiary
OFX forwards the converted amount to the recipient bank, typically within 1-2 business days, and you can track it online, in the app or by notification.
Business Profile
Hours and pricing may change — confirm directly with the business before engaging.
Frequently Asked Questions
Can I use OFX to transfer money from abroad to buy property in Dubai?
Yes. OFX handles international transfers to UAE banks (including Emirates NBD, ADCB and Dubai Islamic Bank) and is positioned for large transfers, so it can be used to move purchase funds. Confirm beneficiary requirements with your developer or conveyancer before sending to an escrow or developer account.
Does OFX serve customers based in the UAE?
Yes. OFX states that UAE residents can register and send money from an Emirati bank account, with dedicated services for sending AED to destinations such as the US and Europe.
How can I manage the exchange rate on a large property transfer?
OFX offers forward contracts to lock in a rate for a future transfer and limit orders that execute when a target rate is reached, which can help manage currency risk on big-ticket payments.
How long does an OFX transfer to the UAE take?
OFX states that most international transfers to the UAE are completed within 1-2 business days of it receiving your funds, though timing can vary by currency and bank.
Is OFX a regulated company?
OFX Group is listed on the Australian Stock Exchange (since 2013) and operates under financial and payment licences in jurisdictions including Australia, the UK, EU, US, Canada, Singapore, Hong Kong and New Zealand. Verify the entity and regulator that applies to your transfer.
How many currencies and countries does OFX cover?
OFX supports transfers in 50+ currencies to 170+ countries.
Does OFX have branches or is it online only?
OFX is an online and app-based money-transfer provider with 24/7 phone support, rather than a branch-based exchange house.
Is This Your Business?
Claim this listing to manage your info and get featured with priority placement.
Disclaimer: This listing is compiled from publicly available information for informational purposes only. Real Estate Club Dubai does not endorse, recommend, or guarantee the services of any listed business. We encourage you to conduct your own due diligence before engaging any service provider.
If you represent this business and would like to update or remove this listing, please contact us.
Show visitors you're listed in Dubai's real-estate directory. Paste the snippet on your website — the badge links back to this page.
Want a Verified badge and to manage this listing? Claim it.
More Currency Exchange & Money Transfer
View AllWant an introduction to OFX?
We'll connect you directly — and suggest 1-2 vetted alternatives so you can compare. Free, no commitment.
Contact Information
Connect with OFX
Request a quote or introduction — we'll facilitate the connection and suggest vetted alternatives.
Thank You!
We'll get back to you within 24 hours.
Free Tools
Related Guides
Cost of Living in Dubai 2026: Complete Monthly Budget Breakdown
Snagging Inspection Dubai: Complete Checklist Before Accepting Your Property (2026)
Dubai Employment Visa Costs 2026: AED 5,200–10,000 — Full Breakdown by Type & Sponsor
Pillar Guides
Considering OFX?
Compare options or get connected with a vetted provider.