International Money Transfer – Best Services – Comparison

research and reviews
On Money Transfer Comparison we have reviewed more currency transfer services than any other website, and created a simple and easy comparison for our readers.

Our main aim is to highlight which are the best international money transfer services 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.

Best Money Transfer Companies and Services [Top 10]

UK EU Currencies Direct: Best Overall for International Money Transfers
Headquarters:
1 Canada Square, Canary Wharf, London E14 5AA, UK
97.8% Editorial rating
3,000 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivalent
Why Them?
  • 96% Positive Feedback from Customer, Since 1996
  • Service Oriented - Specialising in Large Transfers - Friendly Dealers
  • Very Competitive Rates, No Wire Fees
+Read more
UK Australia EU TorFX: Strong Guidance and Staff
Availability:
Pz360, St Mary's Terrace,Penzance, Cornwall, TR18 4DZ, UK
93.4% Editorial rating
3,000 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivalent
Why Them?
  • 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
+Read more
UK EU Australia USA UAE moneycorp: Oldest and Most Reputable Foreign Exchange Service
Headquarters:
Zig Zag Building, 70 Victoria St, Westminster, London SW1E 6SQ, UK
93.2% Editorial rating
7,000 Client Reviews
Minimum transfer:
£50 / €50 / $50 or equivalent
Why Them?
  • Providing FX Services since 1979
  • Very Recognisable Brand with Excellent Reputation - £36.9in Transfers Annually with Offices in Every Continent
  • Business Specialists
+Read more
UK EU Canada Global Reach Group: 99% Positive Client Feedback
Headquarters:
20 Wood St, London EC2V 7AF
90.6% Editorial rating
10,000 Client Reviews
Minimum transfer:
£1,000/€1,000 or equivalent
Why Them?
  • 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
+Read more
UK EU Brazil Currency Solutions: Best Money Transfer on TrustPilot
Headquarters:
21 Queen Elizabeth St, London SE1 2PD
90.4% Editorial rating
1,900 Client Reviews
Minimum transfer:
£1,000
Why Them?
  • Best Customer Satisfaction Score on TrustPilot
  • Welcoming and Clear Website, Easy to Sign Up
  • Excellent Currency Transfer Rates
+Read more
Australia UK EU USA New Zealand OFX: The Publicly-Traded Money Transfer Company from Down Under
Headquarters:
Level 19, 60 Margaret St, Sydney, NSW 2000, Australia
90.4% Editorial rating
1,500 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivalent
Why Them?
  • Traded Publicly in Australia
  • £20bn Turnover per Year
  • Ultra Professional
+Read more
UK Halo Financial: Excellent Online Platform and Support
Headquarters:
Battersea Studios 2, 82 Silverthorne Rd, Nine Elms, London SW8 3HE
87.3% Editorial rating
100 Client Reviews
Minimum transfer:
£1,000
Why Them?
  • Feefo 2020 Platinum Trusted Provider
  • Excellent Website and Online Flow
  • Highly Professional
+Read more
EU UK USA Australia Wise (Previously TransferWise): Valued at £10bn
Headquarters:
17 Avenue Marnix, 1000 Brussels, Belgium
86.8% Editorial rating
32,000 Client Reviews
Minimum transfer:
No Minimum
Why Them?
  • Largest Money Transfer Provider of its Kind
  • Fully-Online Journey
  • Transparent Pricing
+Read more
EU UK SpartanFX - New and Friendly
Headquarters:
Pixel Business Centre, 110 Brooker Road, Waltham Abbey, Essex, EN9 1JH , UK
82.1% Editorial rating
135 Client Reviews
Minimum transfer:
£1,000
Why Them?
  • Powered by Currency Cloud
  • Experienced Management Team
  • Not Enough Client Reviews to Determine Quality of Service
+Read more

For Ecommerce and Business Clients Exlusively

UK Australia Hong Kong Singapore Worldfirst: Best FX Rates Online
Headquarters:
Millbank Tower, 21-24 Millbank, London, SW1P 4QP, UK
95.4% Editorial rating
7,000 Client Reviews
Minimum transfer:
£1,000/€1,000 or equivalent
Why Them?
  • Best Rates: Fixed FX Spreads of 0.1% – 0.5%.
  • Authorized by 6 Global Regulators
  • Asian Currency Specialists
+Read more

Full Listing:

View all money transfer services and companies (70 reviews)

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 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.

Is It Truly the Best Route❓

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 6 Side by Side, Updated for:  August 2021

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
TorFX
  • 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
moneycorp
  • 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
Currency Solutions
  • Min Transfer: £/€ 1,000
  • Currencies Supported: 34
  • Offices : UK and EU.
  • Our Rating : 92.6%
  • #1 Rated Money Transfer on TrustPilot

    Friendly Customer Service

    Fast Sign-Up
  • Min Transfer: £/€ 10,000
  • 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
Halo Financial
  • Min Transfer: £/€/$ 50
  • Currencies Supported: 30
  • Offices : UK.
  • Our Rating : 87.6%
  • Extremely Tailored Service

    Multiple Industry Awards

    Highly Positive Client Reviews

Compare 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

All Money Transfer Service Reviews

Displaying 69 Companies, Updated for:  August 2021

CompanyOur RatingRecommended forDescriptionVisit
#1

Currencies Direct

Read Review

97.8%

⭐⭐⭐⭐⭐

Transfers of All Sizes, Bespoke Service from £5,000 and UpExtremely friendly on-boarding process, excellent rates, intuitive website, and highly functional online platform earned Currencies Direct highly positive client reviews. Our #1 rated international money transfer company.Visit Website
#2

TorFX

Read Review

93.4%

⭐⭐⭐⭐⭐

Large Transfers (Private and Corporate Clients)TorFX is a Cornwall-based award-winning company that prides itself in its traders high level of professionalism and bespoke currency service.Visit Website
#3

Moneycorp

Read Review

92.8%

⭐⭐⭐⭐⭐

Large Transfers (Private and Corporate Clients)Moneycorp is perhaps the most trusted name in currencies – operating since 1979, and transferring as much as £20bn annually, with the most diverse offering for businesses clients (hedging and payments).Visit Website
#4

Currency Solutions

Read Review

92.6%

⭐⭐⭐⭐⭐

Large Transfers (Private and Corporate Clients)Currency Solutions is a smaller UK-based brokerage with 99% client satisfaction over its TrustPilot reviews- highest in industry.Visit Website
#5

Global Reach Group

Read Review

90.6%

⭐⭐⭐⭐

Medium to Large Transfers (Private and Corporate Clients)Large firm which has remained friendly and receptive towards clients.Visit Website
#6

OFX

Read Review

90.4%

⭐⭐⭐⭐

Transfers of All Sizes: From Remittances to Large Corporate PaymentsHeadquartered in Australia and publicly traded on the ASX. Great online system and professional service.Visit Website
#7

Halo Financial

Read Review

87.3%

⭐⭐⭐⭐

Large Transfers, Corporate PaymentsNo fixed fees. Rated 99% by clients. Great online platform. Professional service.Visit Website
#8

WorldFirst

Read Review

95.2%*

⭐⭐⭐⭐⭐

* Only for E-Commerce and Business Clients. Private clients not allowed.Excellent rates and online seller offeringVisit Website
#9

Wise (TransferWise)

Read Review

86.8%

⭐⭐⭐

Remittances and low-value TransfersFixed, low, rates. Easy sign up process. Good reach. High credibility.Visit Website
#10

CurrencyFair

Read Review

89.1%

⭐⭐⭐⭐

Small to Medium Transfers, Online Only, No Dedicated DealersCurrencyFair is an innovative money transfer provider with a unique online system.Visit Website
#11

Payoneer

Read Review

85.5%

⭐⭐⭐

B2B Transfers, Overseas Payments to Freelancers, Receiving Money from Abroad as a Freelancer or SME OwnerA truly comprehensive and unique solution for business to business payments (including sole proprietors and freelancers).Visit Website
#12

Airwallex

Read Review

85.6%

⭐⭐⭐

Tech-loving corporate clientsAirwallex is a payment API for small businesses offering great rates.Visit Website
#13

SpartanFX

Read Review

82.1%

⭐⭐⭐

£1,000 trades and upA Boutique firm – Currency Cloud based – plenty of potions, online trading, multi-currency accounts and moreVisit Website
#14

Key Currency

Read Review

81.1%

⭐⭐⭐

Medium to Large Transfers, Corporate and PrivateKey Currency has a great website and online system, as well as good rates and overall a great service.Visit Website
#15

Kantox

Read Review

80.4%

⭐⭐⭐

Business Transfers, Online OnlyKantox offers businesses to transfer money abroad for tight margins using a transparent pricing system.Visit Website
#16

CurrencyUK

Read Review

80.1%

⭐⭐⭐

Medium to Large Transfers, Individuals and Corporate ClientsCurrencyUK has been award the Best Money Transfer Provider by the British Bank Awards in 2018 and offers a smooth sign-up process.Visit Website
#17

Privalgo Money Transfer

Read Review

80.0%

⭐⭐⭐

Corporate and private clients, large transfers of £4,000 or moreA new company established in 2018 which is still quite small but seems promising.Visit Website
#18

Travelex

Read Review

79.0%

⭐⭐⭐

Small Remittances Transfers, USA OrientedTravelex is a well known remittances provider which has fallenVisit Website
#19

Hargreaves Lansdown Money Transfer

Read Review

78.6%

⭐⭐⭐

International Money Transfers (and investing)Publicly traded Hargreaves Lansdown’s money transfer services. Large and respected company that doesn’t have any particular speciality with foreign exchange.Visit Link N/A
#20

FairFX

Read Review

78.1%

⭐⭐⭐

Remittances, Prepaid Travel CardsFairFX 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
#21

Smart Currency Exchange

Read Review

78.0%

⭐⭐⭐

Medium to Large Transfers, Corporate and PrivateSmart Currency Exchange 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
#22Xoom Money Transfer
Read Review

77.8%

⭐⭐⭐

Remittances and Small Transfers, Cash to Cash Transfers, USA and Canada OnlyXoom is a known online money transfer provider which supplies reasonable rates for small scale remittances outside the USA and Canada.Visit Link N/A
#23

Ria Money Transfer

Read Review

77.2%

⭐⭐⭐

Remittances and Small Transfers, Cash to Cash Transfers, USA OrientedRia 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
#24

World Remit

Read Review

77.0%

⭐⭐⭐

Remittances and Small Transfers, Cash to Cash Transfers, Widely GlobalWorld Remit is a great initiative that has helped immigrants to transfer money across borders for cheaper than before, with great global reach than before.Visit Link N/A
#25

Revolut

Read Review

77.0%

⭐⭐⭐

Domestic Payments and Small Payments – App OnlyRevolut is a huge 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
#26

Azimo

Read Review

75.0%

⭐⭐⭐

RemittancesAzimo is a leading remittances providers in the UK and Europe with mixed opinions from clients who have used it.Visit Link N/A
#27Orbit Remit
Read Review

75.0%

⭐⭐⭐

Remittances from £50 and upOne 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
#28

Transfast

Read Review

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 Moneygram and the likes.Visit Link N/A
#29

TransferGo

Read Review

72.0%

⭐⭐⭐

Small Remittances TransfersTransferGo has 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
#30

PureFX

Read Review

71.0%

⭐⭐⭐

Medium to Large Transfers, Individuals and SMEsPureFX is a standard UK-based money transfer company offering all the “plain vanilla” functions you could expect, but is much smaller in size than known competitors.Visit Link N/A
#31

Currencies.co.uk (Foreign Currency Direct)

Read Review

71.0%

⭐⭐⭐

Medium to Large Transfers, Individuals and SMEsAnother London-based money firm focused on medium and large transfers. Great feedback from clients and strong offering on hedging. Large £15 fee per transfer.Visit Link N/A
#32

FlashFX

Read Review

71.0%

⭐⭐⭐

Transfers of all sizes – Individuals and Business – AustraliaInnovative 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
#33

Natwest Bank’s International Payments

Read Review

N/ANatwest Clients (UK)Very high rates for international payments. A UK bank.Visit Link N/A
#34

Western Union (WU)

Read Review

N/ARemittances – Online and on Branch, Receive in Bank Account or CashThe largest and most global payments provider out there bar none. Western Union can reach regions other, smaller, providers, simply can’t.Visit Link N/A
#35

Foremost Currency Group

Read Review

N/AInternational money transfers, focusing particularly on high end transactions.A relatively small, UK oriented, FX provider. Great reviews by clients, but very limited reach and selection of currencies..Visit Link N/A
#36

MoneyGram

Read Review

N/ARemittances – Online and on Branch, Receive in Bank Account or CashThe second largest money transfer provider in the world with hundreds of thousands of branches across the globe. High fees and sub-par rates on many currency routes.Visit Link N/A
#37

XE Money Transfer

Read Review

N/ATransfer of All Sizes, Corporate and IndividualsThe largest provider of online currency quotes has expanded to international money transfer while merging with HiFX. A leading money transfer provider in the UK and globally.Visit Link N/A
#38

Voltrex FX (VFX)

Read Review

N/AMedium to Large TransfersVFX is a rather large provider of international money transfers with several firms operating under the brand..Visit Link N/A
#39

EasyFX

Read Review

N/AMedium to Large TransfersRun of the mill money transfer company. Not much published about it online.Visit Link N/A
#40

Post Office Money Transfer

Read Review

N/ATransfers of all sizesThe Post Offices’s money transfer services are white label services provider by MoneycorpVisit Link N/A
#41

Virgin Money International Payments

Read Review

34.6%

⭐⭐

Transfers of all sizesVirgin Money’s International Payment services are limited to businsses customers, and are only available via direct communication with bank.Visit Link N/A
#42

Lebara Money Transfer

Read Review

N/ASmall Transfers, Remittances, Cash and Mobile TransfersWhitelabel for WorldRemit.Visit Website
#43

The Telegraph Money Transfer

Read Review

N/ATransfers of all sizesThe Telegraph’s money transfer services are provided by Moneycorp in a White Label Model.Visit Link N/A
#44

Veem Money Transfer

Read Review

N/APrivate client transfers – domestic and overseasVeem is a new startup that facilitates international and domestic money transfers over the blockchain network.Visit Link N/A
#45

Afex

Read Review

N/ATransfers of all sizesAfex is one of the largest currency transfer providers in the USA.Visit Link N/A
#46

AxiaFX

Read Review

N/AMedium to Large TransfersAxiaFX is a very small currency transfer provider.Visit Link N/A
#47SendFX
Read Review
N/AMedium to Large TransfersSendFX 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
#48Transfermate
Read Review
N/AMedium to Large TransfersTransfermate 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
#49PaySend
Read Review
N/AMedium to Large TransfersLow fixed fees, great user reviews and rather comprehensive and unique offering by this 2017-established money transfer company.Visit Link N/A
#50

The Guardian Money Transfers

Read Review

N/ATransfers of all sizes, private and corporate clientsA moneycorp white-label city with the most read non-tabloid newspaper in the UK.Visit Link N/A
#51

CNN Money Transfers

Read Review

N/ATransfers of all sizes, private and corporate clientsA moneycorp white-label city with global mega-publication CNN.Visit Link N/A
#52

City AM Money Transfers

Read Review

N/ATransfers of all sizes, private and corporate clientsA moneycorp white-label city with famous publication CityAM.Visit Link N/A
#53

Vorto Trading Money Transfers

Read Review

N/ATransfers of all sizes, private and corporate clientsA whitelable for FXPress with very wide global reach.Visit Link N/A
#54

Frontierpay

Read Review

N/ALarge transfers, private and corporate clientsRelatively small size FX company with 50 employees and expertise on both corporate and private clients.Visit Link N/A
#55

FinGlobal Forex

Read Review

N/ATransfers of all sizes, private and corporate clients (South Africa)One of the biggest South-African money transfer companies.Visit Link N/A
#55

Cambridge FX

Read Review

N/AMostly corporate clients25 years of strong reputation.Visit Link N/A
#56

Caxton FX

Read Review

N/APeople who need a currency cardOverwhelmingly positive feedback from clientsVisit Link N/A
#57

Collinson & Co FX

Read Review

N/AB2B Clients of All SizesIndustry Veteran, Strong Commentary on the FX markets/td>Visit Link N/A
#58

Sable International FX

Read Review

N/APrivate and Business Clients, with a particular focus on South AfricaIndustry Veteran, Many Additional FunctionalitiesVisit Link N/A
#59

Lloyds Bank International Payments

Read Review

N/APrivate and Corporate Clients who Want to Use a Big Bank for International Money TransfersVery highly regulated, financial services giant, does not specialize in foreign exchange payments specifically and worse rates than commercial companiesVisit Link N/A
#60

TikFX App

Read Review

N/ARemittances for clients in South East AsiaSmooth app with good reviews and limited usabilityVisit Link N/A
#61

Starling Bank Money Transfer

Read Review

N/ABanking Services Including International Money TransfersGreat rates of a great online bank with less functionality and flexibility than desiredVisit Link N/A
#62

Pangea Money Transfer

Read Review

N/ARemittances to Asia and South AmericaEasy to use app, reasonable marginsVisit Link N/A
#63

Currency Index

Read Review

N/ALarger Transfers (Telephone Only)A Boutique firm with limited functionality and excellent service.Visit Website
#64

Monese

Read Review

N/AChallenger Bank AppOverall good reviews and strong offering, but expensive for international money transfers.Visit Link N/A
#65Paymentearth
Read Review
N/ASmall USA-based FXNo reviews online. Very small firm.Visit Link N/A
#66kbr FX
kbr FX
N/ASmall UK-based FX firmNo reviews online. Very small firm.Visit Link N/A
#67PagoFX
Read Review
N/AFocused on private customersPagoFX is a new Santander bank owned company that is a direct competitor to TransferWise.Visit Link N/A
#68Wirex
Read Review
N/APayments and CryptocurrencyUnder FCA investigation.Visit Link N/A
#69HiFX
Read Review
N/ATransfer of all sizes, corporate and private deskHiFX 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
#70ForeignExchange.com
Read Review
N/AUnknownHas been announced in 2017 but never launched. Redirected to another unrelated site.Visit Link N/A
FC Exchange
Read Review
N/ATransfers 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/ATransfers of all sizes (Corporate Clients Only)Global Reach Partners has merged with FC Exchange to form the Global Reach Group.Visit Link N/A

The Basics of Choosing an International Money Transfer Provider

While the top 10 money transfer companies have somewhat of a similar offer, the art is in the details. Our international money transfer comparison will help you figure out the which of the services appeals to which type of customer. Transferring money overseas is not a one size fits all kind of situation. Your aunt’s £200 birthday gift is nothing like a multi-national business transferring millions in salaries each month. If you still have trouble choosing one, sign up with multiple companies – that will enable you to compare the money transfer rates in real time.
When considering any international money transfer service, read throughout our detailed reviews. Then, carefully proceed to registering a free account with the company. Log into the online system, understand how the process works and what rates are being offered, and, if necessary, ask for a callback from the company’s representative to get a firsthand impression of the company’s level of professionalism . Don’t commit to a foreign currency trade before you feel 100% comfortable with your choice and certain you have opted to use the best bank to bank foreign currency transfer specialist.
A cheap money transfer is more than the currency exchange margins, or the associated fees. Try to make your transaction when timing is optimal  (the currency you are selling appreciates in value) and that by itself can save (or cost) you thousands. Foreign exchange companies can help you with that.
If you need repeating transactions, or make an international payment in instalments, inquire about a possibility to minimize your foreign exchange exposure. A popular tool for small businesses and private clients is the Forward Contract.
After selecting your provider of choice and making your first transaction, continue monitoring the rates you are receiving, and compare to other money transfer options periodically. There could be new and exciting options on the market offering better technology or rates. Some clients would even sign up with multiple companies from the get-go, enabling them to conduct real-time currency rate comparisons.
 

Common Questions about International Currency Transfers

Learn about foreign currency transfer services before transferring money abroad

  Are all recommended services appropriately regulated?

Yes. All money transfer services listed on this page are authorised by the FCA to conduct international money transfers on behalf of their clients. All client funds withheld by either company is well segregated and safeguarded.

  Can you fund your international transfer through a debit card?

Yes, but fees will be higher, and hence it's recommended to fund transfers through a domestic bank transfer.

  Can I use either of the recommended money transfer services for a cash transfer

No. These companies only support bank-to-bank payments. There are other companies specializing in remittances and offer online-to-cash functionalities but they are not listed in our top 10 money transfer companies list.

  Do all of these top 10 offer an online platform for payments? mobile apps?

Yes. All the companies recommended by us offer the said functionality.

  Do all of the top 10 offer hedging tools such as Forward Contracts?

Yes. All the companies recommended by us offer the said functionality.

  Do all of these currency transfer speicalists offer dedicated account dealers and bespoke advice?

Most of them, but not all companies recommended on this page. TransferWise and Currencyfair are strictly an online service. They have a great support team of course, but they don't offer a one-point-of-contact type of perk that companies like Currencies Direct, Moneycorp or WorldFirst do.

These money transfer companies will enable you to…

Transfer money abroad to any bank account overseas, in any currency. 
Exchange your local currency to any foreign currency and get it back to your account (or another account owned by you anywhere in the world).
Understand how much you’re paying exactly for the transfer, and what exchange rate you will receive.
Access an intuitive online system to transfer payments abroad.
Make business payments to suppliers, employees, or business partners abroad.
Make transactions over the phone, or via email, and not through the online system, if that’s your preference.
Get access to expert guidance on the currency markets.
Get access to FX hedging tools such as Forward Contracts, which will help you lock today’s rate for years to come.
Fund large international money transfers through a domestic bank transfer in your local currency to a segregated account in your name, or fund the transfer with a debit/credit card.
If you’re a small business or an online seller, you’d be able to enjoy multi-currency accounts allowing you to receive payments in a multitude of currencies and exchange it back to your domestic currency.
Finally enjoy a cheap and reliable international money transfer to a bank account abroad.
You will not be able to use either service to transfer off-shore money with opaque documentation, nor transfer cash.
More about Our Best International Money Transfer Services

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

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 money transfer companies in Australia, boasting Mozo’s 2021 choice as the best currency exchange company. Although SendFX does not have a mobile app and its payment system is not as complicated as competitors like Moneycorp, it has offers excellent rates.

Airwallex Review: AirWallex is a Australia-based money transfer companies geared at small businesses and larger corporations in Europe, Australia and Asia. With a fixed cost of 0.5% currency exchange fee, and one of the world’s best payment systems, it has been received impressive industry awards.

Foremost Currency Group Review: Foremost Currency Group is a Hertfordshire-based money transfer service. Customers enjoy the service and have rated it 9.8 / 10 on TrustPilot.

PaySend Money Transfer Review: Although PaySend, an UK provider, was only established in 2017 it has a very complete offering for both private clients and businesses, including a 24/7 support.

Smart Currency Exchange Review: Smart Currency Exchange is a mid-sized money transfer business transferring more than £1bn each year. Started in 2004 and prides itself in high quality of service, as also reflected by customer reviews.

Afex Money Transfer Review: Afex outlier in the foreign currency business. The American business started as early as 1979 and is regulated to operate in Europe, UK, Australia as well as all U.S states. Over the years it has positioned itself as a foreign exchange leader and specifically global payment solutions, boasting Duetche Bank’s luxurious Straight Through Processing Award for 5 years in a row.

 

Compare Money Transfer for Specific Designations

 

Best international money transfer rates?

There’s more to the equation. Don’t compare the cheapest way to transfer money overseas – focus on service.

If you want to find the best foreign currency transfer service or company, or not just focus on the best exchange rates for international transfers, then look no further. Our top 10 FX comparison is like no other because we don’t focus exclusively on the on the exchange rates; instead, we compare international money transfer services based on factors like trust, reputation, client feedback, and consistency.

While cheap international currency transfers are definitely one of our goals, exchange rates are not the only thing setting money transfer companies apart from big banks.

Why not simply use the banks for international transfers?

Compare money transfer services, a large UK banks vs a top 10 money transfer service.

Big BankLeading Currency Transfer Service
🛡️ Safe? FCA and PRA authorised. Highest level of data encryption. FCA authorised (+ 7 additional jurisdictions). Highest level of data encryption.
🖋️ Signing UpLong and cumbersome, requiring many documents.Online and easy, get verified automatically based on your documents in minutes.
💰 Transfer Fees?Yes, approximately £12-15 on average.No.
💸 Currency Exchange Margins?Not less than 1%, and up to 3% on exotic currencies. 2% would be a good rough average.Our 12 months average clients we have referred to that provider paid 0.6% on average.
👨 Dedicated Dealer?No. It’s either the bank’s online banking system, or a banker with no particular FX expertise.Yes. Professional dealer who helps you transact and follows up on your transfer (and can keep in touch for future requirements).

Why do We Compare International Money Transfers Involving Foreign Currency

Your bank may be expensive and is charging you with significant invisible fees built into its exchange rate. There are potentially better ways to transfer money internationally, for cheaper prices, through the top 10 international money transfer companies and services. At Money Transfer Comparison, we give our readers an overview of an industry which is tough to tackle – there are many parameters to take into consideration, and a lot of information that is difficult to find or collate.

We try to make international money transfer comparison easy, understandable and comprehensive and hopefully helping you identify the best currency transfer service for your requirements at this present moment.

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