AxiaFX Money Transfer Review

📝 AxiaFX was not a top rated money transfer companies for May 2022, based on our editorial rankings, and is now closed and no longer authorised by the FCA. We have kept this review of the AxiaFX for educational purposes. We encourage you to have a look at AxiaFX recommended alternatives here.
LogoAxia FX logo
🏛️ Established2006
🌎 International Clients From all regions
💱 Currencies Offered45
💷 Minimum TransferNone
📲 Trading viaVia Telephone or Email only
🏢 Offices InUK
⚖️ Regulation✓ FCA (UK)
🤯 Fees£10 below £1,000
Promotional CodeNone
👨‍👩‍👧‍👦 Client ReviewsOnly 10 discovered online.
⭐ Client RatingNot enough data (shut down as it seems)
👍 Advantages

Dedicated Dealer

Some Positive Reviews

A great FAQ on Website

👎 Disadvantages

Not Enough Client Reviews

Low Trading Volume

No Online Platform or App

View Recommended Alternatives:

AxiaFX Money Transfer competitors that offer similar services shown in the table below:

  • Supported Currencies: 120.
  • Clients From: Globally with offices in UK, USA, France, Spain, Ireland, Australia, HK, UAE, Brazil, Gibraltar and Romania.
  • Authorised? Yes, by the FCA.
  • Guidance / Dedicated Dealer: Yes.
  • Online System: Yes, including an app.
  • Strong Point: Credibility, Reputation, Liquidity, Level of Service, Best Credit Rating among Peers.
  • Operating Since 1979 and Maintaining Excellent Reputation Since. An Industry Leader.
  • Rating:
    4.6 /5 on Feefo
    Editorial (Corporate): 99.4%
Currencies Direct Logo
  • Supported Currencies: 59.
  • Clients From: Globally , with the exception of certain U.S states. Offices in UK, EU, USA, Canada, China, South Africa and India.
  • Authorised? Yes, by the FCA.
  • Guidance / Dedicated Dealer: Yes.
  • Online System: Yes, including an app.
  • Strong Point: Superb Service, Experienced Dealers, Batch payments, Forward contracts, Multi-Currency Wallets and Rate Alerts.
  • One of the leading currency brokerages turning over £7.5bn annually.
  • Rating:
    4.8 / 5 on TrustPilot
    Editorial: 97.8%
  • Supported Currencies: 121.
  • Clients From: Only accepts corporate clients & does not accept U.S businesses.
  • Authorised? Yes, by the FCA.
  • Guidance / Dedicated Dealer: Yes.
  • Online System: Yes, including an app.
  • Strong Point: Exchange Rate Margins of 0.25%-0.15% for Large Turnovers.
  • Trading more than $7bn each year.
  • Rating:
    9.8 /10 on Feefo
    Editorial: 91.4%
Don’t miss the most comprehensive reviews of other currency brokers in the money transfer space. Read reviews of AxiaFX Money Transfer competitors like XE money transfer review, Hifx review or OFX review.

Our Rating: No Longer Operating

View Rating Breakdown

Read More:

Company Information and Credibility

Company size:  

Axia Fx Ltd was a currency broker firm founded in 2006 to provide private and corporate clients alike a viable alternative to banks when buying or selling foreign currency. The company has been growing at a steady pace and it trades around £1bn in foreign currency every years.

It was located in Canary Wharf, the heart of London’s financial district and how now moved to Devonshire Square, London, after being bought  by Broadgate Mercury, an investment firm that also deals with CFD’s and speculative FX trading.

Regulated By: 



Relatively small player in the market, with somewhat of a long history and strong clientele,  but it was hardly ever mentioned in the media, and there’s too little data on the firm for us to determine its trustworthiness.

Client Feedback


Axia FX gets a 4.4/5 grade on Review Centre, and a 4.9/5 rating on Free Index.

here are only 7 reviews on ReviewCentre. which is one of the largest client review platforms in the UK, and even less on Free Index (one of them written by someone who know worked for/ with AxiaFX).

We did find a few more positive opinions over at forums, but honestly, it’s not enough for us.

Positive things written about

  • Smooth Transaction
  • Best Pricing
  • Good service
We have found no complaints about AxiaFX.


Highly positive reviews, but only about a dozen of those.

We prefer companies that have hundreds, or thousands, of reviews online to make a definite positive conclusion, but it’s looking good.

Exchange Rate & Fees

Fees: 10 Pounds fees on smaller transfers below the 1,000 Pound mark, which is quite high. Goes to show the difference between small companies that just can’t afford handling clients that will bring in pennies, to larger companies that have everything pretty much automated through an online currency platform.

Exchange Rates: Unknown but we have one forum testimonial that suggests the pricing was much better than banks and other companies tested, and even beat our Fav World First.

We can’t really rely on that one testimonial but we assuming pricing is good.

Limits: No Limitations.


High fees for smaller transfers, good exchange rates, no limitations.

Global Reach & Service


  • Dedicated Dealer: Yes.
  • Offices: UK
  • Ways to approach: Email, Telephone
  • Translations: None
  • Accepts clients: UK Only.
  • Currencies Handled: Not Stated
  • Client reviews: Few Reviews

Additional Functionalities


Beyond the traditional regular money transfers and rates alert, you have the choice to opt for 6 different contracts: Spot, Forward, Time Option, Limit Order, Stop Loss & One Cancels Order (OCO). Most of these options are clearly explained and aim at hedging clients’ risks while opening up upside possibilities


None, and also the site is not loading well on mobile.


Good hedging options, and most importantly clearly communicated via the (new) friendly website. The fact the site is not mobile friendly does hurt ranking, as well as the fact that there are no special services for online merchants as bigger companies like Moneycorp or Currencies Direct propose.

Review Summary

Bottom Line


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New Jers
7 years ago


David Roberts
6 years ago

AxiaFx are brilliant Fast & Courteous with great rates Uk-O/seas and vice Versa
Happy to recommend to everyone

Cameron Shanks
6 years ago

Just purchased apartment in Lanzarote and used the services of this company. Very easy to use and I particularly liked the fact that your personal advisor was at the other end of the phone when required.
Very impressed and would have no problem in recommending this company.