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Terms & Conditions

GoodFX captures the flow of global payments to fund good causes, with a third of the trading profit we receive from your transaction used to fund a charity of your choice, creating on-the-ground impact for local communities. Our trading profit (or net profit) is calculated as the gross profit we make on the transaction, minus any platform, payment, financing or exceptional transaction fees. After these deductions, the donation represents roughly 23% of our gross profit, but this may vary with those charges.  

Our donations to your preferred charity are enabled by Percent via the Intelligent Foundation (UK Registered Charity Number 1192508; Australian Charities and Not-for-profits Commission, ABN 48156978613). Non-profits should enroll with Percent to receive donations we collect to benefit them. Non-profits signed-up to receive these payments typically receive their money within 90 days of the original donation but payments may be batched together to a minimum threshold of £50. In rare instances where funds cannot be granted to the donor’s recommended cause – such as when the cause fails to meet the due diligence requirements, closes down their operation or does not onboard to receive funds– then we reserve the right to reassign funds to another non-profit.

GoodFX’s default option is to support the Childhood Trust (Registered Charity Number: 1154032) which counters childhood poverty in London, England. For further detail on Percent’s donation policies please refer to their Terms and Conditions. If a client does not elect a preferred charity, or we are for whatever reason unable to donate to their chosen charity, the donation will be directed to that the Childhood Trusts.

Donations are made on 3 month cycles. Full impact reporting is available – Please discuss that with your GoodFX representative.

GoodFX does not represent to own the platforms which its clients use. These third party providers are FCA regulated entities who all meet

We understand that security of funds and data is imperative for all of our clients. Our partners are compliant with all the latest regulations needed for any FCA-regulated company and levels of capital adequacy.

 

For example, Currency Cloud’s security protocols include the following:

Physical Security

Multiple high security Tier 4 Data Centres used by banks and other financial institutions

Network Security

Firewalls are managed by dedicated staff and we undergo regular third party penetration tests, to ensure our service is secure

Encryption

All network traffic is encrypted and all sensitive customer data is a so stored in an encrypted format

Data Security

Certified under ISO/IEC 27001:2013, the international best practice standard for information security management

 

Data Separation

Multi-tenant architecture to ensure all customer data is stored separately from one another

Strong Access Control

Unique IDs for each individual and we require two step authentication for all access.

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