OFX Logo

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.

Pros

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Provides services to individuals, businesses and online sellers
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Fee-free transfer limits
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Easy to schedule transfers
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Offers spot transfers, market orders and forward contracts
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Accepts trading instructions online and over the phone
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Matches or beats rates that its competitors offer
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Offices in the U.S., the UK, Hong Kong, Australia and New Zealand
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Local phone support available in many countries

Cons

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Trading in some currencies possible only over the phone
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Website available only in English
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Transfers funds only to bank accounts

WorldFirst Logo

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.

Pros

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Sign up as an individual, a business or an online seller
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WorldFirst uses existing interbank/real exchange rates to process transfers, while adding a transparent margin
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Website access in multiple languages
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Offices in the UK, the Netherlands, Australia, Hong Kong, Singapore and Japan
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Choice between spot orders and forward contracts
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Use the “World Account” service to receive and pay bills in various currencies through exclusive bank account numbers
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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
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Provides local phone support in many countries

Cons

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WorldFirst does not process transfers from the U.S.
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Minimum transfer limits apply, which may vary according to where you reside and the desired transfer method
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Transfers only to bank accounts

Currencies Direct Logo

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.

Pros

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Sign up as an individual, a business or an online seller
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Website access in multiple languages
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Offices in the U.S., the UK, Spain, France, Portugal, China, South Africa and India
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Provides spot transfers, forward contracts and limit orders
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Offers travel money solutions in the UK
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Access to an account manager over the phone
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Local phone support in different countries

Cons

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Does not provide services in all American states
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Only transfers to bank accounts

TorFX Logo

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.

Pros

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Sign up as an individual or a business
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Fee-free personal transfers
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Offers travel money solutions in the UK
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Seeks to beat its competitors’ exchange rates
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Minimize risk using spot transfers, stop loss orders, forward contracts and limit orders

Cons

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Only office other than its UK-based headquarters is in Australia
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Website available only in English
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Transfers funds only to bank accounts

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