Currencies Direct Logo

Currencies Direct

This Moneycorp competitor has its headquarters in the UK, and offices in France, India, Portugal, South Africa, Spain and the U.S. Its operations also spread to Ireland, Malta and Scandinavia. The company began operations in 1996. It provides dedicated websites for the UK, China, France, Germany, Italy, Norway, Portugal, South Africa, Spain, Sweden and the U.S. You can use these websites in local languages. While you can register with Currencies Direct as an individual or a business, it also offers specialist services for online sellers.

Pros

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Sign up as an individual, a business or an online seller
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Get access to an account manager upon registering
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Use the Currencies Direct website in various languages
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Offices in the UK, the U.S., France, Portugal, Spain, South Africa, India and China
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Local phone support in some countries
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Residents of the UK can make use of specialist travel money solutions
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Lets you schedule transfers
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Provides spot transfers, forward contracts and limit orders

Cons

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Recipients cannot collect cash from physical locations
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Does not accept customers from all U.S. states

WorldFirst Logo

WorldFirst

This Moneycorp competitor began operations in 2004. Headquartered in the UK, it also has offices in Australia, Hong Kong and Singapore. WorldFirst operates dedicated websites for Australia, China, France, Hong Kong, Japan, Singapore and the UK. Depending on which website you choose, you can register as an individual, a business or an online seller. You can use World First websites in English, Chinese, French and Japanese.

Pros

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Provides services to individuals, businesses and online sellers
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Creates unique offers for individual and business customers
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Multilingual website
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The company applies a transparent margin over existing interbank/mid-market rates
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The “World Account” simplifies making and receiving payments in a range of currencies using distinct currency-specific account numbers, through which you may avoid currency conversion fees
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WorldFirst lets you integrate your World Account with Xero
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Offices in the UK, the Netherlands, Hong Kong, Singapore, Japan and Australia
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Local phone support in some countries
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Scheduling transfers is easy
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Provides spot transfers and forward contracts

Cons

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Transfers funds only to bank accounts
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You cannot register as a customer from the U.S.
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Transfer limits vary according to where you live and the desired mode of payment

Global Reach Group Logo

Global Reach Group

Global Reach Group is a UK-based Moneycorp competitor that offers services for individuals and businesses. It began operations in 2002. The website of this Moneycorp alternative is only in English.

Pros

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Sign up as an individual or a business
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All customers get access to currency specialists
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Offices in the UK, the Netherlands, Cyprus and South Africa
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Scheduling transfers is easy
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Provides forward contracts, stop loss orders and limit orders

Cons

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Transfers funds only to bank accounts
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Website access only in English

OFX Logo

OFX

The company began operations in 1998, as OZForex. At that time, it functioned as an information-only website. After its rebranding in 2015, the group transitioned its other websites to the global OFX website.  OFX provides website access in English only. You can register as an individual, a business or an online seller.

Pros

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Lets you sign up as an individual, a business or an online seller
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Fee-free threshold limits can result in no transfer fees
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Tries to match or beat rates offered by its competitors
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Offices in Australia, the U.S., the UK, Hong Kong and New Zealand
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Local phone support in some countries
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Trade online or over the phone
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Schedule transfers with ease
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Offers spot orders, forward contracts and market orders

Cons

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Transfers funds only to bank accounts
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Can trade in some currencies only over the phone
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No multilingual website

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