OFX Logo

OFX

OFX is an Australia based money transfer company that began operations in 1998. Until 2015, it operated as OzForex. With close to two decades of experience, this WorldRemit alternative has transferred over $100 billion in different currencies. 

Other than Australia, the company has offices in the UK, the U.S., Canada, Hong Kong and New Zealand. Get more in-depth information in the iCompareFX OFX  review.

Pros

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Provides services to individuals, businesses and online sellers
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Tries to offer similar or better rates than its competitors
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Headquarters in Australia – offices also in the UK, the U.S., New Zealand and Hong Kong
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Local phone assistance provided in different countries
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Schedule transfers easily
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Choose from market orders and forward contracts
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With the OFX Global Currency Account, you get access to bank accounts in USD, CAD, EUR, GBP, HKD and AUD
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Transfer funds online or over the phone

Cons

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Website available only in English
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Transfers only to bank accounts
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Not all currencies can be traded online – some need to be traded over the phone

XE Money Transfer Logo

XE Money Transfer

XE began operations in 1993. Based out of Canada, this company also has offices in the UK and the U.S. It provides dedicated websites for residents of Canada, the UK, the U.S., Australia and New Zealand. If you use this company to send money as an individual, you pay no transfer fees. Website access comes in multiple languages. Check the XE Money Transfer review to read more.

Pros

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Sign up as an individual or a business
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Headquarters in Canada – offices also in the UK and the U.S.
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Residents of Canada, the UK, the U.S., Australia and New Zealand get access to dedicated websites
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Personal transfers are fee-free
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Offers spot transfers and limit orders
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Get customer service and website access in different languages
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Cons

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Only bank account transfers
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No scheduled transfers

TransferWise Logo

TransferWise

Launched in 2011, TransferWise is a peer to peer provider of international money transfers. It was setup by Skype’s first employee and has the backing of major investors such as Richard Branson. TransferWise is growing fast, offering a simple and fast solution to transferring money globally online. They not only allow local bank settlement, but also allow the use of Debit or Credit Cards to transfer money. This is unique amongst TransferWise competition. Read the iCompareFX TransferWise review here.

Pros

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Provides services to individuals and businesses
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Lets you register using your Facebook or Google account
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Country-specific payment methods can include debit and credit cards, direct debits, bank transfers, POLI and SOFORT
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No minimum transfer amount
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Offices in the UK, the U.S., Estonia, Hungary, Singapore, Japan and Australia
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Multilingual website
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The TransferWise Borderless service enables businesses to save in fees when trading in over 15 currencies
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Use the “send” and “receive” money options to transfer funds between email addresses

Cons

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Transfer fees depend on the destination country, amount being transferred and method of payment
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Paying using a credit card typically attracts higher fees
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Does not provide forward contracts or market orders
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Can not schedule transfers
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No cash pick up centers

Currencies Direct Logo

Currencies Direct

This WorldRemit alternative has been around since 1996. Based out of the UK, this money transfer company also has offices in the U.S, mainland Europe, South Africa and India. It operates dedicated websites for residents of different countries, which include the UK, the U.S., Spain, Italy, France, Sweden, Portugal, South Africa and China. Depending on which website you log on to, you might be able to use it in a local language. Read this Currencies Direct review for more information.

Pros

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Sign up as an individual, a business or an online seller
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Headquarters in the UK – offices also in the U.S., France, Portugal, Spain, South Africa, China and India
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Website available in English, French, Spanish, Portuguese, Swedish, Italian, Norwegian and Chinese
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Gives all customers access to account managers
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Scheduling transfers is straightforward
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Provides limit orders and forward contracts
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Offers travel money solutions in the UK

Cons

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Transfers only to bank accounts
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Does not accept customers from all American states

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