Our main aim is to highlight which is the best international money transfer on the market. We compare aspects like safety and security of the customer's funds and the banking infrastructure of each currency transfer services, as well as verify the exchange rates are competitive and the offering is diverse.
Top 10 Best International Money Transfers
- 🏆 Overall Winner: Currencies Direct
- 🏆 Best Quality of Service: TorFX
- 🏆 Best Reputation (Est. 1979): Moneycorp
- Best Online System: OFX
- Best by Client Feedback: Global Reach
- Best TrustPilot Score: Currency Solutions
- Best by Feefo Score: Halo Financial
- Best Known in the Industry: Wise
- Future Potential: SpartanFX
- Best for Online Sellers: WorldFirst
- ⚖️ COMPARE TOP 6
Currencies Direct: Best Overall for International Money Transfers
- 96% Positive Feedback from Customers, Since 1996
- Service Oriented - Specialising in Large Transfers - Friendly Dealers
- Very Competitive Rates, No Wire Fees
TorFX: Strong Guidance and Staff
- Headequarters Outside of London - Lower Staff Costs Rolled Over to the Client
- Quick Onboarding Process and Highly Professional
- Trading Desk with 100+ Years of Experience
moneycorp: Oldest and Most Reputable Foreign Exchange Service
- Providing FX Services since 1979
- Very Recognisable Brand with Excellent Reputation - £36.9in Transfers Annually with Offices in Every Continent
- Business Specialists
Global Reach Group: 99% Positive Client Feedback
- 99% of its Past Clients Gave the Firm a Positive Review
- Strong Global Reach with Offices in UK, Europe, and Canada
- More than Two Decades of Experience
Currency Solutions: Best Money Transfer on TrustPilot
- Best Customer Satisfaction Score on TrustPilot
- Welcoming and Clear Website, Easy to Sign Up
- Excellent Currency Transfer Rates
OFX: The Publicly-Traded Money Transfer Company from Down Under
- Traded Publicly in Australia
- £20bn Turnover per Year
- Ultra Professional
Halo Financial: Excellent Online Platform and Support
- Feefo 2020 Platinum Trusted Provider
- Excellent Website and Online Flow
- Highly Professional
Wise (Previously TransferWise): Valued at £10bn
- Largest Money Transfer Provider of its Kind
- Fully-Online Journey
- Transparent Pricing
SpartanFX - New and Friendly
- Powered by Currency Cloud
- Experienced Management Team
- Not Enough Client Reviews to Determine Quality of Service
For Ecommerce and Business Clients Exlusively
Worldfirst: Best FX Rates Online
- Best Rates: Fixed FX Spreads of 0.1% – 0.5%.
- Authorized by 6 Global Regulators
- Asian Currency Specialists
Full Listing:
View all money transfer services and companies (70 reviews), updated November 2021
Money Transfer Company, Service, or Brokerage?
A money transfer company, or a money transfer service, is – under our own definition – any company that enables individuals or businesses to transfer money across borders into a bank account. This broad array of services including companies of all types – from remittances-oriented Western Union and Moneygram which have been around for centuries and operate using their own payment networks transacting tens of billions each year, all the way to smaller brokerages like Key Currency which are focused on higher value transfers and businesses.
When people refer to the best currency brokers they normally refer to the former – companies like Moneycorp that specialise in provision of exemplary service and a wide arrange of hedging options but they ultimately make their transactions through BANKS (as opposed to their own payment networks), and hence are logically named brokerages.
Are Foreign Exchange Companies Truly Superior in Offering and Service?
Commercial brokerages or money transfer services are cheaper than alternatives, and provide a better. Banks charge anywhere between 1.5%-3% per transaction in hidden costs (a markup hidden into their international foreign exchange rates), on top of their wire fees, and the customer is getting very little service in terms of support in the transaction itself, verifying the details and complete and correct, guidance about the best timing to make that transfer, or tracking whether the transfer has met its destination. Instant money transfer services like PayPal costs incredibly expensive fees on currency exchange (in the proximity of 4.5%-5% depending on currencies) but will always reach its destinations instantly.
Currency transfer services, like the ones we compare on MTC, will provide ample service for a fraction of the costs of its competitors.
Compare International Money Transfers
Top Currency Transfer Specialists 6 Side by Side, Updated for: November 2021
- 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: £/€ 100
- Currencies Supported: 40
- Offices : UK, EU, Singapore, and Australia.
- Our Rating : 93.4%
- Extremely Tailored Service
MoneyFact's Best Provider Award
Diverse Hedging Options
- Min Transfer: £/€/$ 50
- Currencies Supported: 120
- Offices : UK, EU, Australia, USA, HK, UAE, and South America.
- Our Rating : 92.8%
- Extremely Tailored Service
Industry Veteran since 1979
Diverse Hedging Options
- Min Transfer: £/€ 1,000
- Currencies Supported: 138
- Offices : UK, France, Netherlands, Canada and South Africa.
- Our Rating : 90.6%
- Great Experience
Specialising in Private Clients
Sunday Times Track 100 Winner
- Min Transfer: £/€ 1,000
- Currencies Supported: 34
- Offices : UK and EU.
- Our Rating : 90.4%
- #1 Rated Money Transfer on TrustPilot
Friendly Customer Service
Fast Sign-Up
- Min Transfer: £/€/$ 50
- Currencies Supported: 30
- Offices : UK.
- Our Rating : 87.6%
- Extremely Tailored Service
Multiple Industry Awards
Highly Positive Client Reviews
60 of the Best Foreign Exchange Companies for International Currency Transfer
We pride ourselves in providing the world’s most comprehensive international money transfer comparison. As such, we have decided to cover more currency transfer services than any of our competitors, and write our reviews with much greater detail.
If you want to learn why we picked the top 10 money transfer companies in the order we did, read about specific services, or just spend a few hours educating yourself about the industry and its key players – view our array of foreign currency transfer to a bank account abroad below. Just remember it’s not all about finding a cheap transfer abroad, and quality of service goes a long way dealing with substantial amounts of money.
As Seen On
International Money Transfer Companies Comparison – Complete List
Displaying 70 Companies, Updated for: November 2021
| Company | Our Rating | Recommended for | Description | Visit | |
|---|---|---|---|---|---|
| #1 | 97.8% ⭐⭐⭐⭐⭐ | Transfers of All Sizes, Bespoke Service from £5,000 and Up | Currencies Direct is a known money transfer company with headquarters in the UK and with more than 20 offices worldwide, offering private and business currency transfers online, via telephone and through a mobile app. | Visit Website | |
| #2 | 93.4% ⭐⭐⭐⭐⭐ | Large Transfers (Private and Corporate Clients) | TorFX is a Cornwall-based award-winning money transer service that prides itself in its traders high level of professionalism and bespoke currency service. | Visit Website | |
| #3 | 92.8% ⭐⭐⭐⭐⭐ | Any type of Business FX needs or large transfers for private customers | Moneycorp is perhaps the most trusted name in currency transfers – operating since 1979, and transferring as much as £20bn annually, with the most diverse offering for businesses clients (hedging and payments). | Visit Website | |
| #4 | 90.6% ⭐⭐⭐⭐⭐ | Medium to Large Transfers (Private and Corporate Clients) | Global Reach Group is a merger of two of the most famous names in the foreign exchange industry – FCE Exchange (private customers) and Global Reach Partners (corporate FX). The outcome is a larger with a very diverse offering, which has remained customer-friendly. | Visit Website | |
| #5 | 90.4% ⭐⭐⭐⭐⭐ | Large Transfers (Private and Corporate Clients) | Currency Solutions is a smaller UK-based brokerage, with offices domestically and in Cyprus, holding a 99% client satisfaction rating on TrustPilot reviews. | Visit Website | |
| #6 | 90.4% ⭐⭐⭐⭐⭐ | Transfers of All Sizes: From Remittances to Large Corporate Payments | OFX is an international payment service headquartered in Australia and publicly traded on the ASX. It’s one of the best known names in the business, and has a pristine reputation and transparent pricing. | Visit Website | |
| #7 | 87.3% ⭐⭐⭐⭐ | Large Transfers, Corporate Payments | Halo Financial is another top-rated smaller brokerage with excellent service and very high satisfaction rating to attest for that. | Visit Website | |
| #8 | 95.2%* ⭐⭐⭐⭐ | * Only for E-Commerce and Business Clients. Private clients not accepted. | WorldFirst offers the best international money transfer rates bar none, but it’s offering is limited to online sellers and businesses. It’s a well known company with a lot of built in functions such as a multi-currency account, which is owned by Ant Financial (Chinese Conglomerate). | Visit Website | |
| #9 | 86.8% ⭐⭐⭐⭐ | Small to Medium Transfers – Strictly Online | Wise (TransferWise) is the most recognisable name today in the money transfer business. The company has recently went on an IPO reaching more than £13bn in market cap. Wise is currently the biggest international money transfers provider in the world (which offers strictly bank to bank transfers, not including large remittances providers). | Visit Website | |
| #10 | 89.1% ⭐⭐⭐⭐ | Small to Medium Transfers – Strictly Online | CurrencyFair is an innovative online money transfers provider with a unique online system that can reach razor-sharp rates. The company has won multiple industry awards and is regulated by the Central Bank of Ireland. | Visit Website | |
| #11 | 85.5% ⭐⭐⭐ | B2B and B2C Payments, Multi-Currency, Business Payments | Payoneer truly comprehensive and unique solution for b2b and b2c payments, which includes a branded MasterCard and a multi-currency account (along many other business-oriented functions). | Visit Website | |
| #12 | 85.6% ⭐⭐⭐ | Tech-loving corporate clients | AirWallex is a cross border business payments startup with focus on payments API which has been won a unicorn status. It offers a diverse functionality for businesses. | Visit Website | |
| #13 | 82.6% ⭐⭐⭐ | Small Trades, Remittances | Instarem is a leading, 2014-established, online money transfer and remittances specialists with good rates, excellent global reach and high customer satisfaction. | Visit Link N/A | |
| #14 | 82.1% ⭐⭐⭐ | £1,000 trades and up | Spartan FX is a boutique service – Currency Cloud based, which focuses on a solid service and online trading system. With SpartanFX you can also get a “private Iban account” to receive payments. | Visit Website | |
| #15 | 81.1% ⭐⭐⭐ | Medium to Large Transfers, Corporate and Private | Key Currency is one of the most well known up-and-coming international money transfer services in the UK. It boasts a clean website, good user reviews and growing recognition. | Visit Website | |
| #16 | 80.4% ⭐⭐⭐ | Business Transfers, Online Only | Kantox is a smaller foreign exchange company which is focused strictly on businesses. Its main selling point is transparent, tight, margins. | Visit Website | |
| #17 | 80.1% ⭐⭐⭐ | Medium to Large Transfers, Individuals and Corporate Clients | CurrencyUK has been award the Best Money Transfer Provider by the British Bank Awards in 2018, and is a prominent money transfer company / brokerage in the UK. | Visit Website | |
| #18 | 80.0% ⭐⭐⭐ | Corporate and private clients, large transfers of £4,000 or more | Privalgo is a relatively small and new UK money transfer specialist. Its early indications are positive and it appears trustworthy. | Visit Website | |
| #19 | 79.0% ⭐⭐⭐ | Remittance Service – Transfers from Australia and Singapore | Travelex was a well known USA focused online remittances provider which was restructured after experiencing an array of cybersecurity issues. It is now focused on remittances from Australia and Singapore. | Visit Website | |
| #20 | 78.6% ⭐⭐⭐ | Various Financial Services (We Focus on International Payments) | Publicly traded Hargreaves Lansdown is one of the most recognisable non-bank financial providers in the US. As a part of its array of financial services, it also offers cross-country cross-currency payments. | Visit Link N/A | |
| #21 | 78.1% ⭐⭐⭐ | Remittances, Prepaid Travel Cards | FairFX is a publicly traded company which is best known for its prepaid travel money cards, but also offers an international money transfer service. | Visit Link N/A | |
| #22 | 78.0% ⭐⭐⭐ | Medium to Large Transfers, Corporate and Private | Smart Currency Exchange is a veteran UK currency transfer company. It has great feedback across the board by clients that have used it, good rates, and an overall good level of reputation in the industry. | Visit Link N/A | |
| #23 | Xoom Money Transfer – Read Review | 77.8% ⭐⭐⭐ | Remittances and Small Transfers, Cash to Cash Transfers, USA and Canada Only | Xoom is a known online money transfer provider which supplies reasonable rates for small scale remittances outside the USA and Canada. | Visit Link N/A |
| #24 | 77.2% ⭐⭐⭐ | Remittances and Small Transfers, Cash to Cash Transfers, USA Oriented | Ria money transfer is a solid remittance provider for those who want to send small amounts of money online from the USA to a developing country, or a remote place in the world. | Visit Link N/A | |
| #25 | 77.0% ⭐⭐⭐ | Remittances and Small Transfers, Cash to Cash Transfers | WorldRemit is a remittance transfer company with a unique touch, offering great rates in corridors which are otherwise very expensive. The company has had multiple investment rounds and won multiple awards. | Visit Link N/A | |
| #26 | 77.0% ⭐⭐⭐ | Domestic Payments and Small Payments – App Only | Revolut is a popular FinTech app with over 6 million registered users. The rate at which it has grown is truly unbelievable. Revolut is definitely not in the mold of your standard money transfer company. | Visit Link N/A | |
| #27 | 77.0% ⭐⭐⭐ | Remittances | Azimo is a leading remittances providers in the UK and Europe which boasts a new competitive pricing plan and 90% satisfaction from customers across tens of thousands of reviews online. | Visit Link N/A | |
| #28 | Orbit Remit – Read Review | 75.0% ⭐⭐⭐ | Remittances from £50 and up | Orbit Remit is one of the most promising remittances providers offering solid fees and exchange rates, comfortable-to-use website and app, and high level of satisfaction by clients. | Visit Link N/A |
| #29 | 71.0% ⭐⭐⭐ | Remittances (USA based and oriented) | Transfast is yet another remittances company focused on enabling immigrants to transfer money abroad online for a fraction of the costs of high-street exchange bureaus. | Visit Link N/A | |
| #30 | 72.0% ⭐⭐⭐ | Small Remittances Transfers | TransferGo is a remittances provider with 8,000 reviews online with very high percentage of satisfaction. The fees are low, and the markup is only up to 2.2% per transfer. | Visit Link N/A | |
| #31 | 71.0% ⭐⭐⭐ | Medium to Large Transfers, Individuals and SMEs | PureFX is a standard UK-based money transfer company offering all the “plain vanilla” functions you could expect. PureFX is smaller in trading volumes and staff than many competitors. | Visit Link N/A | |
| #32 | 71.0% ⭐⭐⭐ | Medium to Large Transfers, Individuals and SMEs | Foreign Currency Direct / Lumon is a well known UK currency transfer firm with both a private and corporate desk. The company has been set up by ex-directors and ex-managers at rival Currencies Direct. | Visit Link N/A | |
| #33 | 71.0% ⭐⭐⭐ | Transfers of all sizes – Individuals and Business – Australia | FlashFX is an innovative Ripple-network money transfers company based in Australia with good user reviews but sub-par rates which is still relatively small and unknown. | Visit Link N/A | |
| #34 | 34.6% ⭐⭐ | Transfers of all sizes | Virgin Money’s International Payment services are limited to businesses customers, and are only available via direct communication with bank. Other than that Virgin Money’s international money transfer rates are horrific. | Visit Link N/A | |
| #35 | 69.0% ⭐⭐ | Remittances – Online and on Branch, Receive in Bank Account or Cash | Western Union is largest and most global payments provider out there bar none. Western Union can reach regions other, smaller, providers, simply can’t. Western Union online is slightly more expensive than competitors in the same sector, and Western Union branches are a lot more expensive than alternatives (but in many currency corridors there are few or no competitors). | Visit Link N/A | |
| #36 | 50.0% ⭐⭐ | Remittances – Online and on Branch, Receive in Bank Account or Cash | MoneyGram is the second largest money transfer provider in the world with hundreds of thousands of branches across the globe. Its branch fees are nutritiously high and its online fees are still more expensive than competitors. | Visit Link N/A | |
| #37 | 36.0% ⭐⭐ | Bank account. | Natwest Clients (UK)NatWest is one of the 4 large UK clearing banks. It has bad customer reviews online, and its international money transfer service is expensive | Visit Link N/A | |
| #38 | N/A | International money transfers, focusing particularly on high end transactions. | The Foremost Cuyrrency Group is a relatively small, UK oriented, FX money transer provider. Great reviews by clients, but very limited reach and selection of currencies. | Visit Link N/A | |
| #39 | N/A | Transfer of All Sizes, Corporate and Individuals | XE Money Transfer is XE.com’s money transfer services. XE is a known brand with strong presence in both the UK and the USA, and positive responses from customers. The firm is owned by EuroNet WorldWide and is a merger of XE’s money transfer services and HiFX’s. | Visit Link N/A | |
| #40 | N/A | Medium to Large Transfers, Corporate Client Expertise | VFX Financial is a rather large provider of international currency transfers and business foreign exchange services. Its previous name was VoltrexFX. The company has won multiple awards. | Visit Link N/A | |
| #41 | N/A | Transfers of all sizes | The Post Office International Payment services are a white-label setup ran by a provider. | Visit Link N/A | |
| #42 | N/A | Small Transfers, Remittances, Cash and Mobile Transfers | Lebara Money Transfer was a service offered by Lebara Mobile and supplied by WorldRemit. The service is discontinued now. | Visit Link N/A | |
| #43 | N/A | Transfers of all sizes | Telegraph International Money Transfer services is a white-label setup ran by an external provider. | Visit Link N/A | |
| #44 | N/A | Private client transfers – domestic and overseas | Veem is a new startup that facilitates international and domestic money transfers over the blockchain network. | Visit Link N/A | |
| #45 | N/A | Private Clients – Large Money Transfers, Corporate Clients – Complete FX Service | Afex is one of the largest currency transfer providers in the corporate world today. Afex has a very diverse and broad offering for corporate clients. | Visit Link N/A | |
| #46 | N/A | Medium to Large Transfers | AxiaFX was a very small currency transfer provider with a poor editorial rating by us and multiple customer copmlaints. Its services has been discontinued. | Visit Link N/A | |
| #47 | SendFX – Read Review | N/A | Medium to Large Transfers | SendFX is an Australia-focused money transfer company with a smooth website and big promises which has been receiving great client reviews until now. | Visit Link N/A |
| #48 | Transfermate – Read Review | N/A | Medium to Large Transfers | Transfermate is a fairly large money transfer service operating for almost 10 years in a variety of currencies and countries, getting good feedback, and is on a growth trend. | Visit Link N/A |
| #49 | PaySend – Read Review | N/A | Medium to Large Transfers | Paysend offer a low fixed fees, great user reviews and rather comprehensive and unique offering by this 2017-established money transfer company. | Visit Link N/A |
| #50 | N/A | Transfers of all sizes, private and corporate clients | The Guardian International Money Transfer services is a white-label setup ran by an external provider. | Visit Link N/A | |
| #51 | N/A | Transfers of all sizes, private and corporate clients | CNN International Money Transfer services is a white-label setup ran by an external provider. | Visit Link N/A | |
| #52 | N/A | Transfers of all sizes, private and corporate clients | CityAM International Money Transfer services is a white-label setup ran by an external provider. | Visit Link N/A | |
| #53 | N/A | Transfers of all sizes, private and corporate clients | Vorto Trading offers a particular focus on business clients, a slick online platform, and many options for business customers. | Visit Link N/A | |
| #54 | N/A | Large transfers, private and corporate clients | FrontierFX is a relatively small size FX company with 50 employees and expertise on both corporate and private clients. | Visit Link N/A | |
| #55 | N/A | Transfers of all sizes, private and corporate clients (South Africa) | FinGlobal of the biggest South-African money transfer companies. | Visit Link N/A | |
| #55 | N/A | Mostly corporate clients | Cambridge FX is a known company particularly in the business money transfers space, with 25 years of strong reputation. | Visit Link N/A | |
| #56 | N/A | People who need a currency card | Catxton FX is a smaller money transfers specialist with overwhelmingly positive feedback from clients | Visit Link N/A | |
| #57 | N/A | B2B Clients of All Sizes | Collison & Co is a NZ based financial service provider which also offers a money transfer service. | Visit Link N/A | |
| #58 | N/A | Private and Business Clients, with a particular focus on South Africa | Sable International FX is one of the few South-Africa focused, and based money transfer companies in the world. | Visit Link N/A | |
| #59 | N/A | Private and Corporate Clients who Want to Use a Big Bank for International Money Transfers | Lloyd’s Bank is one of the “Big Four” UK banks, founded in 1765 with more than 45,000 employees. Its international money transfer rates are higher than of those of a specialist foreign currency exchange specialist. | Visit Link N/A | |
| #60 | N/A | Remittances for clients in South East Asia | TikFX is a smooth app with good reviews but a limited usability. | Visit Link N/A | |
| #61 | N/A | Private and Corporate Clients who Want to Use a Challenger-Bank for International Money Transfers | Starling Bank is one of the most hyped challenger banks in the UK. It has an amazing online website and app and has secured hundreds of millions of pounds in investments. Its currency transfer services are limited and more expensive than those of a broker. | Visit Link N/A | |
| #62 | N/A | Remittances to Asia and South America | Pangea offers one of the easiest-to-use apps int the remittances business. | Visit Link N/A | |
| #63 | N/A | Larger Transfers (Only by phone, no online system) | Currency Index Boutique firm with limited functionality but an excellent service. | Visit Link N/A | |
| #64 | N/A | Currency Accounts and International Money Transfers (Private Customers) | Monese is financial service company with more than 2m customers which provides current accounts and international money transfers. Its offering is not particularly attractive for customers who simply want to transfer money abroad. | Visit Link N/A | |
| #65 | Paymentearth – Read Review | N/A | Money Transfers from USA | Paymentearth is a USA based money transfer company with little information about it online, and no customer reviews to attest for its service. | Visit Link N/A |
| #66 | kbr FX – kbr FX | N/A | Money Transfers from UK | kbr FX is a UK based money transfer company with little information about it online, and no customer reviews to attest for its service. | Visit Link N/A |
| #67 | PagoFX – Read Review | N/A | Focused on private customers | PagoFX is a new Santander bank owned company that is a direct competitor to TransferWise. | Visit Link N/A |
| #68 | Wirex – Read Review | N/A | Payments and Cryptocurrency | Wirex is a groundbreaking money transfer company which utilises cryptocurrency to conduct fast and cheap transfers, but it is currently under FCA investigation. | Visit Link N/A |
| #69 | HiFX – Read Review | N/A | Transfer of all sizes, corporate and private desk (merged) | HiFX was one of the best known money transfer companies in the UK and globally and was merged into XE money transfer. | Visit Link N/A |
| #70 | ForeignExchange.com – Read Review | N/A | Inactive | Foreign Exchange (foreignexchange.com) been announced to go live in 2017 as Gain Capitals’ international money transfer service. It went live briefly in 2019 and then was taken offline. | Visit Link N/A |
| #71 | Sokin Money Transfer – Read Review | N/A | For private and corporate customers and particularly customers who require to make constnat international currency transfers. | Sokin is the first foreign currency transfer specialist offering FIXED monthly subscription and zero fees/markup on international transfers. A revolutionary concept that is yet to be tested (company started operating in 2021). | Visit Link N/A |
| #72 | DynaPay – Read Review | N/A | Private and business customers who want an advanced online payment platform. | DynaPay is a 2017-established online money transfer company with a focus on businesses and multi-currency account offering. | Visit Link N/A |
| #73 | N/A | Medium to Large Transfers | EasyFX was a small and unknown currency transfer firm which is now focused on travel money cards. | Visit Link N/A | |
| #74 | N/A | Medium to Large Transfers | Optimal currency is a small, UK-based, brokerage dealing with corporate client and invidiaul clients. | Visit Link N/A | |
| #75 | N/A | Remittances – USA and Guatemala: cash pickup | Novi by Meta (previously Facebook) could change the international money transfers industry by offering a no-fee no-markup transfers, using a digital currency (Stablecoin). It is still in Beta. | Visit Link N/A | |
| #76 | N/A | Transfers from £1,000 – corporate and individuals | CurrencyWave is a small brokerage based in Leeds using Currency Cloud as its payment provider. | Visit Link N/A | |
| #77 | N/A | Transfers of all sizes for Canadian customers | Agility Forex is a very small Canada-facing, Currency Cloud-powered, brokerage . | Visit Link N/A | |
| – | FC Exchange – Read Review | N/A | Transfers of all sizes (Private Clients Only) | FC Exchange has merged with Global Reach Partners to form the Global Reach Group. | Visit Link N/A |
| – | Global Reach Partners – Read Review | N/A | Transfers of all sizes (Corporate Clients Only) | Global Reach Partners has merged with FC Exchange to form the Global Reach Group. | Visit Link N/A |
Zooming in on the Best & Cheapest
Currencies Direct have been our #1 best international money transfer service for several years, being a perfect combination of strong rates, strong service and strong functionality – online, app, rate watch, and hedging tools. The company was established in 1996, and has been highly recommended by customers ever since. It currently boasts more than 300,000 active customers, both private clients, SMEs and corporations. Currencies Direct is particularly focused on UK customers including expats in Spain, Portugal and France (where they have offices too). [Currencies Direct review]
TorFX is the most prominent UK money transfer service which is based outside of London. Its Cornwall headquarters make it easier for them to recruit top level professionals and make themselves the most service-oriented company of the bunch. TorFX has offices in UK, Australia and Singapore. [TorFX Review]
Moneycorp is a household brand in international money transfers – the first company to operate in this space since 1979. The company boasts more than £35bn annually in trading, with offices in every single continent. Their offering includes a lot more than a great online system, no-fees on all transfers and great rates (with unique offers particularly for our readers) – it includes a wide array of hedging tools including the industry best Forward Contracts. [Moneycorp Review]
OFX is a publicly traded company based in Australia, with AU$20bn annual turnover, which is offer razor-sharp margins and a superb online system, making it most apt for transfers below £5,000 or equivalent. OFX is the ultimate one stop shop because it will handle smaller international transfers and large international transfers, private and corporate, as well as online sellers – they offer a terrific no-hands online system and highly ranked app alongside professional dealers, topped by a very complete multi-currency account. [OFX Review]
WorldFirst is a CORPORATE-ONLY service for non-U.S clients with a focus on online sellers. The company offers fixed low margins which are somewhat similar to Wise’s at approximately 0.5% markup per transaction, but offers even better rates for larger customers. WorldFirst takes pride in its sophisticated and complete multi-currency account, built to allow online sellers and international businesses to receive funds from abroad in domestic currency and circumvent Amazon’s expensive currency transfer system. WorldFirst has offices in the UK, Netherlands, Australia, Hong Kong, Singapore and Japan and is owned by Ant Financial, the Chinese mega conglomerate which is an affiliate of the AliBaba group. [WorldFirst review]
Wise, formerly known as TransferWise, is a money transfer mammoth which has been recently IPO’ed in the London Stock Exchange is boasting higher trading volume than, perhaps, all competitors combined. It was the first money transfer company to bring innovation and transparency into the currency transfer space, and prides itself in razor sharp margins, smooth online system and app, and diverse multi-currency accounts but does not offer bespoke currency dealers. [Wise / TransferWise review]
Additional Services Offering Cheap Foreign Currency Transfers [Reviews]
Key Currency Money Transfer Review: Key Currency is a significantly smaller company than those appearing on our top 10 recommendations. Best currency exchange as rated by ADVFN. All clients are directly processed by professional dealers. Excellent service feedback:
XE Money Transfer Review (XE.COM): One of the global leaders in international money transfers. XE.com, a Canadian venture, is one of the world’s most popular currency websites, established in 1993, and started offering international transfers circa 2002. It was acquired by Euronet and merged with HiFX.
HiFX Money Transfer Review: This discontinued brand is still sparking interest among our readers, as one of the most prominent money transfer services in the UK up until 2018 when it was merged into XE.com.
SendFX Review: SendFX is one of the most growing