At MTC.com, we have created detailed, in-depth, reviews of the best international money transfer companies on the market. We helped thousands discover the top money transfer services for their needs, and move their money overseas safely, promptly, and for cheap. Begin your money transfer comparison today.
Best Rated Money Transfer Services
Updated for: January 2020
- Min Transfer: £/€/$ 100
- Currencies Supported: 39
- Offices : UK, EU, USA, India, South Africa.
- Our Rating : 97.8%
- Most Global Offices and Reach
No Fees from Anywhere
96% Client Satisfaction
- Min Transfer: £/€ 1,000
- Currencies Supported: 121
- Our Rating : 95.4%
- Easiest Sign Up Process
Great Online Sellers Offering
Transparent Exchange Rates
- Min Transfer: £/€/$ 50
- Currencies Supported: 120
- Offices : UK, EU, Australia, USA, HK, UAE, and South America
- Our Rating : 92.8%
- Friendly, Professional Service
Corporate FX Expertise
Superb Rates, No Fees
More Top 10 Money Transfer Companies:
| Company | Our Rating | Recommended for: | Description | Visit |
|---|---|---|---|---|
| 90.6% | Medium to Large Transfers (Private and Corporate Clients) | Highest Average Transaction Volume for Private Clients. Comprehensive offering for both corporate and private clients.
| Visit Website | |
| 90.4% | Corporate Payments, Large Payments, Remittances | Headquartered in Australia and publicly traded on the Australian Stock Exchange. Great online system and professional service. | Visit Website | |
| 89.1% | Remittances and low-value Transfers | Low default margin. Comprehensive and functional online system. Ability to match trades against other users in platform and get even lower spreads. | Visit Website | |
| 86.8% | Remittances and low-value Transfers | Fixed, low, rates. Easy sign up process. Good reach. High credibility. Best for low value transfers. | Visit Website |
What Differentiates Money Transfer Comparison from Others
Our aim is to compare and review all the prominent top 10 money transfer companies in a detailed manner, and help our readers make up their own mind on which is the best international money transfer service to use. In order to facilitate that, we have devoted days and nights to review and compare 43 of the leading money transfers (by popularity and market share). We keep our money transfer comparison up to date, and make a conscious effort to improve it, one day at a time.
We do not offer real time currency exchange rate comparison, nor promise you to save any specific £ figure or percentage on your transactions, simply because we found these methods, which some of our competitors have opted to use, as simply inaccurate. As the foreign exchange rates in the market constantly fluctuate, so are the quotes provided by money transfer companies. We prefer to make our comparison based on other attributes, such as reputation, market size, quality of online money transfer services (including mobile money transfer apps), and level of customer service. We believe finding the best currency exchange rate available is only feasible for those who bother educating themselves about the ins and outs of how the money transfer service industry operates, and this is precisely what we aspire to provide to our readers.
Additional information on how we make our top company selection is available below.
In a similar fashion to other websites in this industry we are have decided to monetise Money Transfer Comparison by partnering up with some of the industry’s leading money transfer service providers (only companies hitting a score of 85% or better) and referring clients over to them*, but we strive to provide truthful, up to date, and valid information on our money transfer reviews.
* That means links and buttons pointing out to external websites may be partner links. We write about this in great depth on our about us pages and various portion of the sites as we are firm believers in transparency.
What Do Our Readers Think About Us?
Testimonial by a Fast Track 100 Listed Company:
Intamarque is one of the UK’s fastest growing distributors’ of FMCG lines with sales growing from zero to £35m in just 10 years. We were awarded the Fast Track 100 award which identifies Britain’s private companies with the fastest-growing sales.
… We recently had the pleasure of using the service of MoneyTransferComparison.com who helped us secure a successful outcome of an order which was challenged due to the economic climate at the time.The professionalism and attention to detail from MoneyTransferComparison.com was amazing and Intamarque would thoroughly recommend them to anyone needing to use this service.
Kind Regards
Richard Shortt, Managing Director, Intamarque Limited
Which Are the Best International Money Transfer Companies
Our Review and Comparison Guidelines Explained
We have compared more than 40 currency transfer companies over the past 5 years and we intend to continue growing and expanding. Upon researching such companies, we look at several main components of each company’s offering. These are the very same area we write extensively about on our reviews, and use to determine which are the best international money transfer companies.
| quick and easy sign up process, readily available staff – courteous and helpful, or in simple words a money transfer service ready to go above and beyond for its clients. | |
| a well known-company with a serious track record, transferring substantial amounts of foreign currency each year, holding sterling reputation and boasting pristine client reviews. | |
| no direct international money transfer fees, competitive FX rates for high-amount international transfers, with no hidden fees of any sort. | |
| Functions such online money transfer platform, a mobile app enabling Forward Contracts and other corporate FX hedging, and of course – offering regular payment options. | |
| Many currencies handled including exotic currencies, global office outside the UK, regulated by several regulators, and constantly expanding into new territories. |
Additional Information on how we evaluate money transfer companies and decide on the top 10 money transfer companies can be found in our FAQ.
What’s the difference between a great money transfer company and a bad money transfer service?
Superb Money Transfer Service Experience
Lousy Money Transfer Service Experience
How was your individual experience?
We encourage our readers to leave comments on the relevant money transfer company reviews describing their experiences. It will be for the greater benefit of other people in your position. For those who have experienced a bad experience and feel like they have been mistreated by one of the companies that we have partnered up with we offer a dispute mediation servce with FX companies.
Cheap International Transfers AND Superior Service?
Foreign Exchange Companies Vs. Commercial Banks, a Comparison
Here is a simplified table demonstrating the differences between a top 10 money transfer service and a bank. To view a full fx companies vs banks comparison piece follow the link.
| Top Money Transfer Company | High-Street Bank | |
| Service | Dedicated per-client account manager with FX expertise. | A banker with no particular knowledge in fx. |
| Fees | No international outbound transfer fee. | Up to £25 / €30/ $50 per transfer. |
| Security of Funds | Client accounts are segregated and safeguarded for any company authorised by the FCA to handle clients’ funds. | Protected by the PRA up to GBP 75,000. Other protective measurements are in place outside the UK. |
| Rates | Wholesale. Anywhere between 0.3% and 2.5% spread, depending on volume and corridor. | Sub-par. Up to 5% margins on exotic currencies, and up to 3% on standard pairings. Rarely under 1.5% markup! |
| Speed | Most destinations within 24h with most companies. | By default, transfers can take up to 3 days. You need to pay a premium to get a quicker delivery. |
| FX Options | Readily available for all clients, private and corporate (with providers offering them). | Reserved normally for large corporations. |
| Nationalities Accepted | Clients from UK, Australia, Canada, New Zealand, or the EU are always accepted. Rest of the world (USA, Singapore, Hong Kong) are normally accepted too. | Only local residents of the country where the bank is in. A few banks like HSBC will allow clients to interlink international accounts. |
Best Money Transfer Offers for 2020
We have teamed up with some of the top 10 largest money transfer firms, based on our rating, to provide some unique money transfer offers for our readers. View the slider below and discover some of our hottest deals. Please contact us if any of the firms fail to stand up to their word. We will do whatever we can to help out and get you the result you want.
Moneycorp, a world leader in international payments, one of the top 10 money transfer companies list in the world, offers free international transfers, and online and offline. All fixed fees will be waived for readers who sign up through our referral link.
Duration: Until December 10th, 2020
Global Reach Partners, one of the top 10 money transfer companies in the UK, offers online and telephone transfers without any fees fees, exclusively for readers who sign up via our referal link!
Duration: Until Dec 31st, 2020
Currency Index offers a fee-free international money transfer, in addition to a free receipt, exclusively for our readers who sign up through us. This freebie is valued at £12-£17.
Duration: Until December 10th, 2020
Currency Index offers fixed margins of %0.495 for all overseas transfers above £50,000 for our readers exclusively. That includes all currency pairs. Currency Index accepts clients from the UK, Europe, and Australia.
Duration: Until December 10th, 2020
CurrencyFair, one of the hottest money transfer startups in the world today, offers an exclusive deal for MoneyTransferComaprison.com readers – a first FREE transfer.
Duration: Always
Last Week’s Highlights:
- USD made net gains for the week and posted 2020 highs, but retreated from the best levels following a subdued monthly employment report.
- EUR drifted lower despite an increase in bond yields during the week, although the currency was effectively side-lined.
- GBP was little changed for the week as hints from Bank of England officials over a possible interest rate cut undermined support.
- JPY lost ground as an easing of immediate Middle East tensions reversed defensive demand for the Japanese currency.
Next Week’s Predictions and Events:
- USD is liable to drift lower following last week’s employment data, although selling pressure is liable to be limited at most.
- EUR has scope for marginal net gains as German yields move higher, but support will remain tentative at best.
- GBP has scope to regain some ground on evidence that economic conditions have improved since December’s election.
- JPY and CHF are liable to edge lower on hopes for a stronger global economy assuming that the US-China trade deal is signed.
More: View The Full Analysis and Prediction for this Week
Bottom Line: We Strive to Compare and Educate
We pride ourselves in thorough, fully detailed reviews and top-of-the-line currency exchange comparison. We devote a lot of time and resources into reviewing each individual provider that we deem worthy of reviewing. Unlike some of our competitors, we are not owned by a multi-million dollar company. Unlike our competitors, our aim is not to simply compare foreign exchange rates between different sites and recommend whoever offers the cheapest price or the lowest fees.
That’s a part of what we do, but it’s not our main goal.
We believe that international payment companies should provide safety and security, above all. This is why we are so focused on elements besides pricing. It’s a part of the overall rating that we provide each company, but it’s not everything. We do not treat the companies we review as “sites“; instead, we try to conduct our appropriate due diligence, just as we would do before engaging with any global business partner.
Below are the key aspects we scrutinise in order to establish trust with a company to the extent we can wholeheartedly recommend using it:
1
Legal Status
We look at the regulatory status of each company – Is it only registered with the FCA or is it authorised as a payment institution? Is it supervised by additional regulatory authorities across the globe? Has it been accused of fraud?
2
Track Record and Volumes
How long has the company been running for? How many clients does it serve? Where are its offices? What kind of volumes does it trade? Who owns it and who runs it? Does it have worldwide offices? Where are they?
3
Client Reviews
We browse hundreds or thousands of individual reviews for each company, and see what clients think of it, and whether they would recommend them. We also look at money transfer sites from the technical perspective – we only recommend those that have mobile-friendly designs, functional platforms and are appropriate for mobile devices (or have appropriate mobile apps).
4
Personal Assistance
We prefer companies that seek to create a personal interaction with you. Such companies assign one dedicated point-of-contact to help you with your trades. This is definitely a way for clients to feel more secure – being able to reach your dedicated fx dealer at any time.
5
Our Interaction With The Companies
Our business relationship (as referral partners) with some of the companies reviewed on this website can help us separate the whiff from the chaff. We are able to visit them in their offices, speak directly to the people who work there and assume their level of professionalism and integrity, enabling us to learn the financial standing of the company.
We believe what we see with our own eyes; and thus, we have met with 6 of the fx companies that have received the highest scores in our testing.
6
Dealing with Complaints
Even the best money transfer services in the world sometimes receive complaints. That’s only natural and we would be suspicious if none came up for companies providing their fx services to hundreds of thousands of clients.
The important thing is how they handle complaints. Are they open with the client when they have mistreated them? Do they take any inquiry seriously and spend time searching for complaints online and responding to them? Are they sharing case resolutions that we have referred to them with us? Do they bother to respond to complaints or comments left on MoneyTransferComparison.com’s reviews? Are they able to handle and treat complaints in a satisfactory manner?
Money Transfer Comparison: Editorial Note
By Alon Rajic, Managing Director of Finofin, The company running and managing Money Transfer Comparison
Ever since our launch back in 2014, we have been on the frontline of the international money transfer industry. We never engaged in blatant advertising techniques and made sure we continuously expanded our offering, while widening our scope, and most importantly tried to provide real added value for our readers. We boast more international money transfer company reviews than any of our competitors, and we make sure they are extremely up to date and written in vast detail, and our readers value us for that. Over our time of operation had more than a million visitors, more than 1,000 user generated comments on our various articles and reviews, more than 100,000 quote requests from our partnered links, and more than £300,000,000 was transferred internationally through our referrals.
We are overwhelmed by the amount of love and respect we have experienced.
You helped us position MoneyTransferComparison.com as an authoritative guide for everything currency-related, and turn it into a sustainable business.
Thank you.
We will continue make continuous efforts to improve Money Transfer Comparison:
Thank you for reading,
Alon Rajic,
Managing Director , MoneyTransferComparison.com