CurrencyFair Alternatives and Competitors

September 7, 2020

CurrencyFair is a top class provider of overseas money transfers and currency exchange. There are CurrencyFair competitors in all of the major markets which is great for the customer! CurrencyFair and its alternatives specialise in:

Reducing the international money transfer fees
Increasing the speed of global money transfers
Beating the big banks' exchange rates

0.4% margin for new customers referred by iCompareFX
Fee-free transfers
Scheduled transfers
Online and phone transfers

low

Fees

medium

2-3 days

Go to Site

Low Transparent fee structure
Forward contracts
Scheduled transfers
Dedicated account manager
Live chat support

low

Fees

fast

1-2 days

Go to Site

Forward contracts and limit orders
Scheduled transfers
Travel money solutions for residents of the UK
Multilingual website

low

Fees

medium

2-3 days

Go to Site

Fee-free transfers
Scheduled transfers
Forward contracts
Limit and stop loss orders
Travel money solutions for UK residents

low

Fees

medium

2-3 days

Go to Site

Jump to an alternative provider

OFX

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WorldFirst

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Currencies Direct

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TorFX

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OFX

OFX began operations in 1998 and operated as OzForex until 2015. Headquartered in Australia, this CurrencyFair competitor also has offices in the U.S., Canada, the UK, Hong Kong, and New Zealand. The company provides services to individuals, businesses, and online sellers. It operates dedicated websites for residents of the U.S., the UK, and Australia. They have now merged with the global OFX website. The minimum you can transfer using the services of this company is AUD $250, £100, or USD $150, depending on the website you use. Learn more about OFX services and features in the OFX review.

Provides services to individuals, businesses and online sellers

Fee-free transfer limits

Easy to schedule transfers

Offers spot transfers, market orders and forward contracts

Accepts trading instructions online and over the phone

Matches or beats rates that its competitors offer

Offices in the U.S., the UK, Hong Kong, Australia and New Zealand

Local phone support available in many countries

Trading in some currencies possible only over the phone

Website available only in English

Transfers funds only to bank accounts

WorldFirst

WorldFirst’s commenced international fund transfers in 2004, through a basement flat in Stockwell, South London. Soon, this company went on to become a leading international fund transfer expert. Now, it has offices in the UK, Hong Kong, Singapore and Australia. It runs dedicated websites for the UK, Hong Kong, Singapore, Australia, France, Japan and China. While this company offers its services to individuals, businesses and online sellers, not all its websites have the same functionalities. Read more about the WorldFirst review.

WorldFirst uses existing interbank/real exchange rates to process transfers, while adding a transparent margin

Website access in multiple languages

Offices in the UK, the Netherlands, Australia, Hong Kong, Singapore and Japan

Choice between spot orders and forward contracts

Use the “World Account” service to receive and pay bills in various currencies through exclusive bank account numbers

Once you integrate the World Account with Xero, you may avoid currency conversion fees by using matching currency accounts to make and receive international payments

Provides local phone support in many countries

WorldFirst does not process transfers from the U.S.

Minimum transfer limits apply, which may vary according to where you reside and the desired transfer method

Transfers only to bank accounts

Currencies Direct

Currencies Direct, a UK-based money transfer company, began operations in 1996. It is one of the oldest companies in this field, also making it amongst the most experienced. It now has offices around the world, in Europe, North America, Africa and Asia. It has dedicated websites for people who live in the UK, US, France, Portugal, Italy, Sweden, Spain, Norway and China. Depending on the website you log on to, you may be able to use it in a local language. Read more in this review of Currencies Direct.

Website access in multiple languages

Offices in the U.S., the UK, Spain, France, Portugal, China, South Africa and India

Provides spot transfers, forward contracts and limit orders

Offers travel money solutions in the UK

Access to an account manager over the phone

Local phone support in different countries

Does not provide services in all American states

Only transfers to bank accounts

TorFX

TorFX has been around for as long as WorldFirst. This UK-based money transfer company began operations in 2004 as well. It launched an Australian-based website in 2013. Depending on where you live, you can use either of the two websites. Both websites are available only in English. Learn more in the TorFX review to help you with your overseas money transfers.

Fee-free personal transfers

Offers travel money solutions in the UK

Seeks to beat its competitors’ exchange rates

Minimize risk using spot transfers, stop loss orders, forward contracts and limit orders

Only office other than its UK-based headquarters is in Australia

Website available only in English

Transfers funds only to bank accounts

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