WorldFirst Logo

WorldFirst

WorldFirst began operations in 2004. This UK-based business also has offices in the U.S., Australia, Singapore and Hong Kong. It operates dedicated websites for the UK, the U.S., France, Australia, China, Japan, Hong Kong and Singapore. Depending on the website you register with, you can use it in English, Chinese, Japanese, or French. Different World First websites let you register as individuals, businesses, or online sellers. For now, you cannot pay for your transfer using credit cards.

Pros

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Sign up as an individual, a business or an online seller
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UK-based, offices also in the Netherlands, Japan and Hong Kong
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Multilingual websites for the UK, the Netherlands, France, Singapore and Japan
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Pay a nominal and transparent margin over the existing interbank/real exchange rate
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Provides forward contracts and scheduled transfers
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Link your World Account with Xero easily – avoid paying currency conversion fees when reconciling payments through matching currency accounts
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Lets you transfer money online and over the phone

Cons

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Does not let you send money from the United States
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Your country of residence may have a bearing on sending limits
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Does not facilitate cash transfers

Global Reach Group Logo

Global Reach Group

UK-based Global Reach Group began trading in 2002. Outside of the UK, it has offices in the Netherlands, South Africa and Cyprus. This alternative to FairFX provides services for individuals and businesses. You may use the Global Reach Group website only in English.

Pros

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Register as an individual or a business
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Headquarters in the UK, offices also in the Netherlands, South Africa and Cyprus
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Gives all customers access to currency specialists
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Allows scheduling of transfers
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Lets you choose from limit orders, stop loss orders and forward contracts

Cons

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No cash transfers
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No Multilingual website

Currencies Direct Logo

Currencies Direct

Currencies Direct began operations in 1996. Headquartered in the UK, it also has offices in the U.S., Spain, France, Portugal, India and South Africa. This FairFX competitor operates a multilingual website. It serves individuals, businesses and online sellers.

Pros

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Sign up as an individual, a business or an online seller
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Accepts customers from most countries
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Headquarters in the UK, offices also in the U.S., Spain, France, Portugal, India and South Africa
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Website access in different languages
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Lets you schedule transfers
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Provides market orders and forward contracts
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Residents of the UK can use its travel money services

Cons

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No cash transfers
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Does not accept customers from all states in the U.S.

OFX Logo

OFX

This alternative to FairFX began operations as OZForex in 1998 as an information-only website. It rebranded itself to OFX in 2015. The OFX group operated dedicated websites for the U.S., the UK, Canada, and New Zealand. These websites have transitioned to the global OFX website.  OFX provides services to individuals, businesses and online sellers. It has its headquarters in Australia, with offices also in the UK, the U.S., Canada, New Zealand and Hong Kong. You can use the OFX website in English only. You cannot fund your transfer using a credit card.

Pros

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Serves individuals, businesses and online sellers
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Headquarters in Australia, offices also in New Zealand, the UK, the U.S., Canada and Singapore
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Personal transfers carried from the UK are fee-free
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Fee-free thresholds in place for other regions
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Provides forward contracts, market orders and scheduled transfers
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Lets you initiate transfers online and over the phone
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Local phone support provided in various countries

Cons

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Does not facilitate cash transfers
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No multilingual website
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Transfers of some currencies allowed only over the phone

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