Canada|5-10 years| https://www.calforex.com/en/
Website
Influence
B
Influence index NO.1
Canada 6.84No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
WikiFX Data provide| Calforex Currency Exchange Review Summary in 5 Points | |
| Founded | 1983 |
| Registered Country/Region | Canada |
| Regulation | Unregulated |
| Services | Foreign Currency Banknotes, Incoming/outgoing Wire Transfers, Order Cash Online, Private Client Payment Services; No Fee On Return Program |
| Customer Support | Phone, contact us form, Facebook, Linkedin, addresses |
Calforex Currency Exchange, an international currency exchange company headquartered in Canada, provides a broad selection of services to traders. These include Foreign Currency Banknotes, Incoming/outgoing Wire Transfers, Order Cash Online, Private Client Payment Services and a No Fee On Return Program. It currently operates without valid regulatory oversight, which raises concerns about its legitimacy and liability.
In our upcoming article, we will present a comprehensive and well-structured evaluation of the company's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the company for a clear understanding.
| Pros | Cons |
| • Wide range of currency exchange services | • Unregulated |
| • Quick wire transfers |
Wide Range of Currency Exchange Services: Calforex Currency Exchange offers a diverse selection of foreign currencies, providing customers with ample options for their exchange needs. With over 50 currencies available, clients can conveniently access the currencies they require for their travels, business transactions, or personal needs.
Quick Wire Transfers: Calforex facilitates expedited wire transfers, ensuring prompt processing and delivery of funds to recipients. By offering swift wire transfer services, Calforex enables clients to efficiently conduct international transactions, whether for business or personal purposes. This speed and efficiency in processing wire transfers can be crucial for clients who require timely fund transfers, such as for urgent payments or financial transactions with tight deadlines.
Unregulated: One notable drawback of Calforex Currency Exchange is its unregulated status. The absence of regulatory oversight raises concerns about the company's adherence to industry standards, customer protection measures, and the security of client funds.
When considering the safety of a financial company like Calforex Currency Exchange or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company:
Regulatory sight: Currently, this company operates without any legitimate regulatory oversight, raising concerns about transparency and accountability.
User feedback: To get a deeper understanding of the company, it is suggested that traders explore reviews and feedback from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms..
Security measures: Calforex Currency Exchange implements a privacy policy as security measure to safeguard sensitive customer information, ensuring compliance with data protection regulations and maintaining trust and confidentiality in handling personal data.
In the end, choosing whether or not to engage in trading with Calforex Currency Exchange is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.
Calforex Currency Exchange provides various services to accommodate different currency-related needs:
Foreign Currency Banknotes: Offering over 50 foreign currencies at each branch, Calforex accepts cash and Canadian debit cards for purchases. They can also attempt to order currencies not in stock upon request.
Incoming Wire Transfers: Calforex expedites wire transfers, with normal foreign currency drafts taking up to 20 business days to clear. USD transactions can be processed on the same day for a flat fee.
Calforex Currency Exchange can accept foreign wires in the following currencies:
| Australia, Dollar | Czech Republic, Koruna | Denmark, Krona | Europe, Euro |
| Great Britain, Pound | Hong Kong, Dollar | Japan, Yen | Mexico, Peso |
| New Zealand, Dollar | Norway, Krone | Poland, Zloty | Singapore (SGD) |
| South Africa (ZAR) | Sweden, Krona | Switzerland, Franc | United States Dollar |
Order Cash Online: Clients can conveniently order cash online for pick-up or delivery, ensuring accessibility to desired currencies.
Private Client Services: Tailored services are available for clients with recurring global payments, providing access to competitive rates and streamlining the transaction process worldwide.
Besides of above, Calforex also offers a No Fee on Return program, allowing customers to exchange leftover foreign currency back to Canadian dollars with no transaction fee. This service is valid for 1 year from the original purchase date and requires presenting the original receipt.
Calforex Currency Exchange provides customer service through phone, contact us form on the website, and social media platforms such as Facebook and LinkedIn, ensuring accessibility and responsiveness to inquiries and concerns.
Tel: （403）290-0330.
Additionally, the company also offers location details for its 7 branches acorss Canada as well such as Edmonton, Calgary, Toronto etc., details can be reached through https://www.calforex.com/en/locations/.
In summary, Calforex Currency Exchange is a currency exchange firm located in the Canada, offering a wide range of currency services to clients, including Foreign Currency Banknotes, Incoming/outgoing Wire Transfers, Order Cash Online, Private Client Payment Services and a No Fee On Return Program. However, it's crucial to note that Calforex Currency Exchange currently operates without valid regulations from any authorities, raising concerns about its accountability and commitment to client safety.
Therefore, you should be cautious when deciding to trade with this company and consider alternatives who come with established regulatory oversight to mitigate potential risks.
| Q 1: | Is Calforex Currency Exchange regulated？ |
| A 1: | No, it‘s been confirmed that the company is currently under no valid regulation. |
| Q 2: | Is Calforex Currency Exchange a good choice for beginners？ |
| A 2: | No, it’s a not a good choice for beginners because its not regulated by any authorities. |
| Q 3: | What kind of services does Calforex Currency Exchange offer？ |
| A 3: | The company offers services including Foreign Currency Banknotes, Incoming/outgoing Wire Transfers, Order Cash Online, Private Client Payment Services and a No Fee On Return Program. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Calgary Foreign Exchange Ltd
Calforex Currency Exchange
No Regulation
Platform registered country and region
Canada
（403）290-0330
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