Key Currency Alternatives and Competitors

September 7, 2020

Key Currency is a UK-based overseas fund transfer specialist that began operations in 2016. This company serves individuals and businesses alike, offering competitive exchange rates while charging no hidden fees.

When looking for an alternative to Key Currency, remember that people who transfer funds across borders tend to have different requirements. As a result, the same company might not work equally well for everyone. For instance, while a particular company may offer highly competitive exchange rates and offer fee-free transfers, it might not accept payments via credit cards.

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

low

Fees

fast

1-2 days

Go to Site

Fee-free transfer limit
Forward contracts
Stop loss orders
Limit orders

low

Fees

medium

2-3 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

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

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WorldFirst

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Corpay (formerly Global Reach Group)

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Currencies Direct

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OFX

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WorldFirst

UK-based World First also has offices in the Netherlands, Japan, Hong Kong and Singapore. This alternative to Key Currency began operations in 2004. The company serves individuals, businesses and online sellers. It operates dedicated multilingual websites for different countries.

Headquartered in the UK, offices also in the Netherlands, Japan, Hong Kong and Singapore

Dedicated multilingual websites for the UK, France, the Netherlands, Australia, Japan, Hong Kong and Singapore

Pay a nominal and transparent margin over existing interbank/real exchange rates

Provides forward contracts and scheduled transfers

Get free bank account details in different currencies through the World Account, and save in fees when reconciling payments using matching currency accounts

Integrating the World Account with Xero is easy

Initiate your transfer online or over the phone

Does not provide services in all American states

Has minimum transfer limits

No cash pickup centers

Corpay (formerly Global Reach Group)

Global Reach Group has its headquarters in the UK and offices in South Africa, the Netherlands and Cyprus. This alternative to Key Currency has been around since 2002. You may register with Global Reach Group as an individual or a business. Access to its website is only in English.

Serves individuals and businesses

Headquarters in the UK, offices also in South Africa, the Netherlands and Cyprus

All customers get access to currency specialists

Choose from forward contracts, limit orders and stop loss orders

Allows scheduling of transfers

No cash pickup centers

No multilingual website

Currencies Direct

UK-based Currencies Direct also has offices in the U.S., Spain, Portugal, France, India and South Africa. This Key Currency competitor began operations in 1996. It serves individuals, businesses and online sellers. Website access comes in different languages.

Accepts customers from most countries

Headquartered in the UK, offices also in the U.S., Spain, Portugal, France, India and South Africa

Multilingual website

Offers forward contracts, market orders and scheduled transfers

Provides travel money solutions in the UK

Does not provide services in all American states

No cash pickup centers

OFX

OFX is an Australia-based company with offices also in New Zealand, the UK, the U.S., Canada and Hong Kong. This Key Currency alternative began operations in 1998 as an information-only website. The company serves individuals, businesses and online sellers. Its website is only in English.

Headquarters in Australia, offices also in New Zealand, the UK, the U.S., Canada and Hong Kong

Operates dedicated websites for Australia, the UK, the U.S. and Canada

Offers local phone support in some countries

Fee-free transfers if you send more than preset thresholds

Provides forward contracts, market orders and scheduled transfers

Initiate your transfer online or over the phone

Allows trading of some currencies only over the phone

Website access limited to English

No cash pickup centers