WorldFirst Logo

WorldFirst

This Currencies Direct competitor started offering international fund transfer and currency exchange services in 2004. WorldFirst began operations from a South London basement, and now has offices in Hong Kong, Singapore and Australia. It offers dedicated websites for people who live in the UK, France, Australia, China, Japan, Singapore and Hong Kong. To learn more, read the WorldFirst review.

Pros

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Provides services to individuals, businesses and online sellers
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A transparent margin applies on existing interbank/mid-market rates
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Set up scheduled transfers easily
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Choose from spot and forward contracts
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The “World Account” service lets you receive and pay bills in different currencies using unique bank account numbers
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The World Account gives you an easy way to avoid currency conversion fees by making and receiving payments through matching currency accounts – integration with Xero is simple
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Continually creating unique service offers for its customers
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Transfer online or over the phone
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Offices in the UK, the Netherlands, Hong Kong, Singapore, Japan and Australia
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Local phone support in different countries
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Multilingual website

Cons

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No registrations from the U.S.
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Minimum transfer limits may depend on where you live and the destination country
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No cash pick up centers

OFX Logo

OFX

OFX operated as OzForex until 2015. This Currencies Direct alternative has been around since 1998. However, it operated as an information-only website initially. Headquartered in Australia, this money transfer company also has offices in New Zealand, Hong Kong, the UK, the U.S. and Canada. It operated dedicated websites for the UK, the U.S., Canada, and New Zealand, in the form of UKForex, USForex, CanadianForex, and NZForex. They have now merged into the global OFX website. Find out more about OFX in this insightful post.

Pros

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Register as an individual, a business or an online seller
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No fees if you transfer more than a preset fee-free threshold
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Schedule transfers easily
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Choose from spot transfers, forward contracts and limit orders
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Execute transfers online or over the phone
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Can match or beat rates offered by its competitors
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The OFX Global Currency Account offers bank account details in different currencies
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Offices in the UK, the U.S., Australia, New Zealand and Hong Kong
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Local phone support in different countries

Cons

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Website access only in English
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Can only trade some currencies over the phone
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No cash pick up centers

Global Reach Group Logo

Global Reach Group

Global Reach Group is a UK-based alternative to Currencies Direct. Having begun operations in 2002, this company now has offices in the UK, the Netherlands, South Africa and Cyprus. It serves individuals and businesses. Website access comes only in English.

Pros

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Serves individuals and businesses
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Access currency brokers
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Scheduling transfers is simple
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Offers limit orders, stop loss orders and forward contracts
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Offices in the UK, the Netherlands, South Africa and Cyprus

Cons

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Website available only in English
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The transfer amount may affect the cost of your transfer
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No cash pick up centers

CurrencyFair Logo

CurrencyFair

Since this Currencies Direct competitor began operations in 2009, it has transacted over €3,400,000,000. Based out of Ireland, this peer-to-peer money transfer company also has offices in the UK and Australia. Access to the CurrencyFair website comes in English, French and Polish. Check this review if you want to find out more about this company.

Pros

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Register as an individual or a business
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Headquarters in Ireland – offices also in the UK and Australia
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Website access in English, Polish and French
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Use the CurrencyFair Exchange and stand to get better than prevailing market rates
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Minimum transfer limit is €8 or its equivalent in another currency
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Make express deposits in various European currencies
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Schedule transfers easily

Cons

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Transfers only to bank accounts
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Does not accept customers from all American states
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Pay a fixed €3 fee plus 0.35% of the transfer amount
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No limit orders or forward contracts
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Mainly functions online, minimal phone support

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