MoneyCorp Alternatives and Competitors

September 7, 2020

Moneycorp offers reliable and cost-effective international money transfer services to individuals and businesses from different countries. While there are several specialist fund transfer companies that work as effective alternatives to Moneycorp, not all might suit your requirements. For instance, not all companies offer website access in foreign languages.

Finding a Moneycorp alternative based on your requirements should be easy. Take into account factors that can affect your decision, and you should be on your way to a shortlist.

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

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

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

Jump to an alternative provider

Currencies Direct

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WorldFirst

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Global Reach Group

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OFX

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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.

Get access to an account manager upon registering

Use the Currencies Direct website in various languages

Offices in the UK, the U.S., France, Portugal, Spain, South Africa, India and China

Local phone support in some countries

Residents of the UK can make use of specialist travel money solutions

Lets you schedule transfers

Provides spot transfers, forward contracts and limit orders

Recipients cannot collect cash from physical locations

Does not accept customers from all U.S. states

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.

Provides services to individuals, businesses and online sellers

Creates unique offers for individual and business customers

Multilingual website

The company applies a transparent margin over existing interbank/mid-market rates

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

WorldFirst lets you integrate your World Account with Xero

Offices in the UK, the Netherlands, Hong Kong, Singapore, Japan and Australia

Local phone support in some countries

Scheduling transfers is easy

Provides spot transfers and forward contracts

Transfers funds only to bank accounts

You cannot register as a customer from the U.S.

Transfer limits vary according to where you live and the desired mode of payment

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.

All customers get access to currency specialists

Offices in the UK, the Netherlands, Cyprus and South Africa

Scheduling transfers is easy

Provides forward contracts, stop loss orders and limit orders

Transfers funds only to bank accounts

Website access only in English

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.

Lets you sign up as an individual, a business or an online seller

Fee-free threshold limits can result in no transfer fees

Tries to match or beat rates offered by its competitors

Offices in Australia, the U.S., the UK, Hong Kong and New Zealand

Local phone support in some countries

Trade online or over the phone

Schedule transfers with ease

Offers spot orders, forward contracts and market orders

Transfers funds only to bank accounts

Can trade in some currencies only over the phone

No multilingual website