VoltrexFX Money Transfer Review
Quick FactsPros and Cons
International Clients: Not Stated
Minimum Transfer: Not Stated
Trading via: Online Platform, Telephone.
Offices In: UK.
Regulation: ✓ FCA(UK) , HMRC (UK)
Fees: £15 per transfer
Promotional Code: None
Client Reviews: None we could find
Client Rating: N/A – Not Enough Collected Online
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Company Information and Credibility
Founded in 2004, Voltrex is a foreign exchange broker operating out of a single office in the UK. They are a subsidiary of financial services company Voltrex Ltd. For the purposes of this review, we will only consider the services of Voltrex FX, the currency exchange company, hereafter referred to as ‘Voltrex’.
Voltrex uses staff experience as a differentiator. Every agent has at least 20 years of experience in relevant financial fields. The company advertises to businesses and wealthy individuals and even claims unspecified “billions” in completed transfers. But with a poor web presence and no user feedback to be found, Voltrex could improve their marketing efforts. Whether this impedes their service or not is a mystery to anyone who has not used Voltrex personally. As such, we can’t give an unreserved recommendation, though we would be very interested to hear about your experience with Voltrex.
Voltrex is also completely unmentioned in the media, or received any industry awards we could find.
FCA(UK) , HMRC (UK)
VoltrexFX could potentially be a great company but with no third party client review platofrm or media exposure, it’s difficult to verify that.
Uncommon but we have not been able to collect any client reviews about VoltrexFX. We actually did at a Forex Trading site (2 reviews), but they’re from 5 and 9 years ago, respectively.
We would expect Voltrex to push its clients to share their positive experiences online.
Client reviews mean a lot to us. It’s our way to verify that services are as described. With the vast majority of companies in this industry, you can find hundreds, or thousands of reviews. We would expect at least dozen for a small company (Currency Solutions isn’t one of the top 10 and it boasts an impressive 1,900 reviews already).
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Exchange Rate & Fees
Fees: £15 per transfer (not stated if fees are waived on larger transfers).
Exchange Rates: With no client reviews to testify whether the rates they received were better than competing quotes, we are left wondering. We can assume they operate around the same margins as other companies, but we don’t know.
Limits: No advertised limits.
The only thing we do know that they charge very large fees, one of the largest in the industry. We don’t know much besides that, but it’s their fault for not clarifying their margins (like Transferwise do) or have their clients write down online reviews (like all other companies).
Exchange Rates & Fees Rating
Global Reach & Service
- Dedicated Dealer: Yes.
- Offices: UK.
- Ways to approach: Email, Callback form, Telephone
- Translations: No.
- Accepts clients: Not Stated.
- Currencies Handled: 40 .
- Client reviews: None we could find.
Deal with plenty of currencies, and present that beautifully on their website, but we have not other positive points. We like international companies which accept international clients ( we don’t know whether Voltrex FX accept them because it’s not clearly stated). We like companies with worldwide physical prescence. We like companies with client reviews attesting for the quality of their service.
Global Reach Score
Voltrex makes available one of the widest varieties of hedging options available, including: Forward Contracts, Time-option Forward Contracts, Forward Currency Contracts, Spot Contracts, Limit Orders, Swaps, and Rate Alerts. These, combined with personal guidance from a Voltex advisor, could save individuals and businesses very much indeed.
It should be no surprise that Voltrex does not have an app. Their website is not equipped for dynamic performance on mobile devices.
Good offering for businesses, no app or even a responsive website.
Special Features Score
Credibility Scoreack - 60%
Client Feedback - 20%
Fees, Exchange Rates - 60%
Global Reach, Availability, Service - 60%
Added Values - 80%
VFX seems to be a decent company which provides all the important services you would expect from a Foreign Exchange firm. An online platform, dedicated dealer assistance, strong saving compared to banks, and a fairly wide reach. Still it is not one of our top recommended firms. It's a small company, with virtually no feedback online, no strong media recognition, or any other ways for us to test their service en mess.
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