International Money Transfer Comparison 2020

At, we have created detailed, in-depth, reviews of the best international money transfer companies on the market. We have helped thousands discover the top money transfer services, and send their money overseas – safely, promptly, and for cheap. Begin your money transfer comparison today.

Best Money Transfer Companies: Top 6

Updated for:  August 2020

Currencies Direct
  • 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
World First
  • Min Transfer: £/€ 1,000
  • Currencies Supported: 121
  • Offices : UK, EU, Australia, HK, Singapore. USA-based clients not accepted
  • 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

    Discounted Rates

    No Transfer FeesDiscounted rates exclusively for our readers - great offer for large transfers
  • Min Transfer: £/€/$ 100
  • Currencies Supported: 138
  • Offices : UK, EU, and South Africa.
  • Our Rating : 90.6%
  • Great Experience

    Specialising in Private Clients

    Sunday Times Track 100 Winner
ofx money transfer
  • Min Transfer: £/€/$ 100
  • Currencies Supported: 55
  • Offices : UK, Australia, Canada, USA, Hong Kong and Singapore.
  • Our Rating : 90.4%
  • Industry Veteran

    Publicly Traded Company

    Very High Level of Service
  • Min Transfer: None
  • Currencies Supported: 55
  • Offices : UK, EU, Australia, USA , Japan and UAE.
  • Our Rating : 86.8%
  • Extremely Successful

    Clear Pricing, Fixed Margins

    All Online - Great for Small Transfers
Geographical Selection?
Foreign exchange services compared and listed as a recommendations are headquartered in the UK, with the exception of Currencyfair (Ireland) and OFX (Australia). Currencies Direct, Moneycorp, Global Reach, Transferwise and WorldFirst are based in London, while TorFX is based in Penzance.

They all accept clients from UK, EU, Australia, New Zealand, UAE, Singapore, HK, Canada and the majority of Europe. The only companies on our list able to on-board clients from South Africa are Currencies Direct and Transferwise. In the USA, OFX, Monyecorp and Transferwise are able to accept most or all states, while Currencies Direct is licensed in specific jurisdictions. Other companies on our list do not accept money transfer clients from the USA.

Compare the Top 4 International Money Transfer Services

Below we will compare 4 of the most interesting money transfer companies on the market.

MoneycorpCurrencies DirectWorldFirstTransferwise
Yes, FCA Authorised
Offering the service since 1979, regulated by FCA (UK) and FinCEN (USA), and holds a banking license in Gibraltar. Employs 880 people and exchanges £35bn in foreign currency each year.
Yes, FCA Authorised
Yes. More than 250,000 active clients with 95% of all online reviews being positive. Regulated by FCA (UK) and FinTrac (Canada). Employees 500 people across 20+ global offices with headquarters in London.
Yes, FCA Authorised
Yes, regulated by FCA (UK), FinTrac (Canada), and ASIC (Australia). Transferring billions annually. Multiple awards inculding Queen’s Award for International Trade.
Yes, FCA Authorised
Yes, possibly the largest money transfer company of its kind in the UK and globally today. More than $400m in funding, and over a million clients are using Transferwise’s services.
Transfer Fees?No.No.No.No.
FX Margins?
Excellent, Preferential Rates for our Readers
Varies. On smaller transfers the margin for our readers starts at 0.75% (preferntial rate for our readers), but on larger transfers Moneycorp will discount the margin heavier.
Excellent, Varies Based on Amount
Varies.  On smaller transfers it may be a higher margin but on larger deals they will compete with any offering from a competing company and beat it.
Superb, 0.15% to 0.5% FX markups
0.5% flat rate for transfers of all sizes above £1,000. Clients who move larger volumes can get 0.15%-0.25% margins.
Great, 0.5% to 0.7% per Transfer, on average
Ranging between 0.27% for USD transfers above $135,000 to 2.31% for the BRL. On average for popular routes it is about 0.5%.
Dedicated Dealer?
Yes, clients with Moneycorp enjoy guidance and assitance by a dedicated dealer with FX expertise.
Yes. All clients with requirements of £5,000 or more will be eligible for a dedicated personal trader who will handle their requirements personally.
Yes. You will be matched with one person taking care of your FX needs and you will be dealing with him exclusively. He will escort you through trades.
No. You will get all the support you require but Transferwise doesn’t offer a dedicated currency dealer.





What Differentiates Money Transfer Comparison from Other Websites

MoneyTransferComparisonOur aim is to compare and review all of the prominent top 10 currency exchange companies globally. We aspire to do so in a detailed manner, and help our readers make up their own mind as to 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 more than 55 of the leading money transfer providers (by popularity and market share). We keep our money transfer comparisons up to date, and make a conscious effort to improve them, one day at a time.

We do not offer real time fx rate comparison where we show the rates, 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 services in UK. 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 MoneyTransferComparison by partnering up with some of the industry’s leading international money transfer services (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 portions of the site as we are firm believers in transparency.

What Do Our Readers Think About Us?

Testimonial by a Fast Track 100 Listed Company: 

richard-shortt-photoIntamarque 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 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 was amazing and Intamarque would thoroughly recommend them to anyone needing to use this service.

Kind Regards




Richard Shortt, Managing Director, Intamarque Limited

International Money Transfers Guide

Our Review and Comparison Guidelines Explained

We have compared more than 55 foreign exchange transfer companies over the past 5 years and we intend to continue growing our research. Upon researching such companies, we look at several main components of each company’s offering. These are the very same areas we write extensively about on our reviews, and use to determine which are the best international money transfer companies.

Level of Service
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. They will help you optimize your currency transfers to the tee.
A well known-company with a serious track record,  transferring substantial amounts of foreign currency each year, holding a sterling reputation and boasting pristine client reviews.
Cheap International Money transfer Fees and Rates
No direct international money transfer fees, competitive FX rates for high-value international transfers, with no hidden fees of any sort.
Features and Functions
Functions should include an online money transfer platform, a mobile app enabling Forward Contracts and other corporate FX hedging, and of course – offering regular payment options.
Global Reach
 Many currencies handled, including exotic currencies, global offices outside the UK, regulated in several jurisdictions, and constantly expanding into new territories.

Additional Information on how we evaluate the necessary characteristics to become a recommended money transfer company is available on our FAQ.

Currency Comparison 101: great money transfer offering vs. terrible services?


Superb Money Transfer Service Experience
Your time-wasting will be minimised upon sign up or speaking to your representative.
Your money, when used as part of your transaction, is protected even if the company goes into bankruptcy, as the company is properly regulated as an Authorised Payment Institution by the FCA.
You always know exactly how much you’ll be paying and how much you’ll be getting back in FX – no sneaky hidden money transfer fees.
The staff will be knowledgeable and experienced and will be happy to assist with all aspects of your transfer. For high-amount international transfers, you will have a dedicated dealer offering guidance on the best timing to make the trade to benefit from favourable exchange rates.
You will be treated respectfully, and won’t be pushed around by the salesperson to TRADE NOW against your own interest.
You could choose whether to perform the trade through giving instructions over the phone, via email, through an online platform on your laptop or desktop, or through an advanced mobile platform.
Lousy Money Transfer Service Experience
Unnecessarily long sign up process without the ability to upload your verification documents online through a system.
With lack of proper regulation, your money is at risk if the company goes into bankruptcy or opt to scam its clients.
The money transfer service fees and exchange rates will always be opaque. You will only truly know what you paid on a transaction in retrospect, through using a money transfer fee calculator.
The level of the currency provider’s service will be basic at best. Your representative will not make any effort to understand your needs, and instead apply unfair pressure to move forward with your trade using them (so they can net a hefty commission).
Whether transferring £100 or £10,000 you will have access to the same “plain vanilla” exchange rates and offering (with no hedging tools available). No guidance would be provided or analysis of today’s exchange rates and when is the optimal timing to exchange money.
The money transfer service will insist on communication via telephones and faxes, like it was back in the day.

How was your individual experience?

We encourage our readers to leave comments on the relevant 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 with we offer a  dispute mediation service with FX companies.

Cheap International Currency Exchange AND Superior Service?

Foreign Exchange Companies Vs. Commercial Banks, a Comparison

Here is a simplified table demonstrating the differences between an international money transfer service and a bank.

Top Foreign Exchange CompanyHigh-Street Bank
ServiceDedicated per-client account manager with FX expertise.A banker with  no particular knowledge in fx.
FeesNo international outbound transfer fee.Up to £25 / €30/ $50 per transfer.
Security of FundsClient 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.
RatesWholesale. 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!
SpeedMost 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 OptionsReadily available for all clients, private and corporate (with providers offering them).Reserved normally for large corporations.
Nationalities AcceptedClients 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.

Weekly Currency Update August 2020:

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 simply to 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 transfer 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 appropriate due diligence, just as we would 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:


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 or had any run-ins with the FCA in the past?


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?


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).


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.


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 wheat 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.


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 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’s reviews? Are they able to handle and treat complaints in a satisfactory manner?

Money Transfer Comparison: Final Editorial Notes

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 (a sub-niche of the massive foreign exchange market, the most widely traded market in the world). We never engage in blatant advertising techniques and make sure we continuously expand our offering, while widening our scope, 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, we have 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 £1,000,000,000 was transferred internationally through our referrals.

We are overwhelmed by the amount of love and respect we have experienced.

You helped us position 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 ,


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