OFX Logo

OFX

OFX is an Australian-based overseas fund transfer company that began operations in 1998. It has international offices in the UK, the U.S., Canada, Hong Kong and New Zealand. This Global Reach Group alternative provides services to individuals, businesses and online sellers. Its website is only in English.

Pros

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Physical presence in the UK, the U.S., Canada, Australia, New Zealand and Hong Kong
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Sign up as an individual, a business or an online seller
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Dedicated websites for Australia, the U.S., Canada and the UK
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Pay no fees if you transfer more than predetermined thresholds
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Local phone support in different countries
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Send money online or over the phone
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Provides market orders, forward contracts and scheduled transfers

Cons

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Need to speak to an OFX representative over the phone to trade in some currencies
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No cash pickup centers
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Website access only in English

Currencies Direct Logo

Currencies Direct

Currencies Direct is a UK-based company that began operations in 1996. This Global Reach Group alternative also has offices in the U.S., Spain, France, Portugal, India and South Africa. It provides services to individuals, businesses and online sellers. You can use this company’s website in different languages.

Pros

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Physical presence in the UK, the U.S., Spain, France, Portugal, India and South Africa
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Website access in different languages
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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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Provides market orders, forward contracts and scheduled transfers
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Travel money solutions provided in the UK

Cons

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Services not provided in all American states
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No cash pickup centers

WorldFirst Logo

WorldFirst

UK-based WorldFirst began operations in 2004. This alternative to Global Reach Group also has offices in Australia, the Netherlands, Hong Kong, Singapore and Japan. The company lets you register as an individual, a business or an online seller.  It operates dedicated websites for different countries in local languages.

Pros

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Physical presence in the UK, Australia, the Netherlands, Hong Kong, Singapore and Japan
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Operates multilingual dedicated websites for the UK, Australia, the Netherlands, France, Japan, Singapore and Hong Kong
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Sign up as an individual, a business or an online seller
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Pay a nominal and transparent margin over existing real/interbank rates
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Provides forward contracts and scheduled transfers
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The World Account gives you easy means to save on currency conversion fees by offering free bank account details in various currencies
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You can connect your World Account with Xero easily
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Send money online or over the phone

Cons

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Services not provided in all American states
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No cash pickup centers
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Need to account for minimum transfer limits

TorFX Logo

TorFX

TorFX has its headquarters in the UK and an office in Australia. This alternative to Global Reach Group has been around since 2004.  The company serves individuals and businesses.  It does not operate a multilingual website.

Pros

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Personal transfers are fee-free
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Provides services to individuals and businesses
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Lets you choose from forward contracts, limit orders, stop loss orders and scheduled transfers
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Travel money solutions provided in the UK

Cons

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Physical presence only in the UK and Australia
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No cash pickup centers
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No apps for mobile devices

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