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: September 2019
- 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: £/€/$ 100
- Currencies Supported: 40
- Offices : UK and Australia + Bank Accounts Deployed Globally
- Our Rating : 93.4%
- Friendly, Professional Service
Corporate FX Expertise
Superb Rates, No Fees
Additional Top 10 Money Transfer Companies:
|Company||Our Rating||Recommended for:||Description||Visit|
|92.8%||Medium to Large Transfers (Private and Corporate Clients)||One of the oldest and most respectable currency companies in the UK. Known for providing outstandingly professional service. Holds a Gibraltar banking license alongside its FCA authorisation.||Visit Website|
|90.6%||Medium to Large Transfers (Private and Corporate Clients)||Professional and Friendly. Highest Average Transaction Volume by Private Clients. Merger of two leading money transfer firms: FC Exchange and Global Reach Partners, covering the fully array of both corporate and private.||Visit Website|
|90.4%||Corporate Payments, Large Payments, Remittances||Headquartered in Australia and publicly traded on the ASX. Largest annual trading volume of 20bn. Recently rebranded and redesigned. Great online system and professional service.||Visit Website|
|86.8%||Remittances and low-value Transfers||Fixed, low, rates. Easy sign up process. Good reach. High credibility. No dedicated dealers, regular payments, or derivatives.||Visit Website|
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
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 2019
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.
Last Week’s Highlights:
- USD made limited progress despite the Fed rate cut as the central bank statement and forecasts triggered fresh doubts whether there would be further interest rate cuts during 2019.
- EUR failed to hold gains amid an underlying lack of yield support and fears over the underlying growth outlook.
- GBP spiked to 3-month highs following positive remarks on Brexit from EU Commission President Juncker, but retreated from its best levels.
- JPY and CHF were resilient as their central banks resisted further monetary easing at their policy meetings.
Next Week’s Predictions and Events:
- USD is likely to maintain a firm tone given expectations that the dollar will maintain a yield advantage over other major currencies.
- EUR will need evidence of a notable improvement in business confidence to make significant headway.
- GBP volatility is likely to remain high as political headlines trigger erratic moves and there are unlikely to be further significant near-term Sterling gains.
- JPY and CHF are again likely to be resilient as tensions intensify over the US-China trade talks.
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:
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.
We will continue make continuous efforts to improve Money Transfer Comparison:
Thank you for reading,
Managing Director , MoneyTransferComparison.com