Azimo Money Transfer Review

This Azimo review is intended to showcase the pros and cons of using the company for your next money transfer. We research and talk about Azimo’s fees, exchange rates, the quality of the trading platform, and the overall level of service provided.

📝 Azimo is not one of our top rated money transfer companies for October 2021. It is indeed a very well known company, but we encourage you to have a look at Azimo recommended alternatives here.

Azimo FAQ

 Is Azimo safe to use?

Yes, Azimo is authorised by the Financial Conduct Authority to deal with customer’s money and transfer it abroad. If you want to read more about FCA’s international money transfer regulations, read our detailed guide on the topic.

 Do clients like Azimo’s service?

Generally speaking, yes. About 9:10 are satisfied with the service on customer review sites. On the contrary to that, on this Azimo review on Money Transfer Comparison, we have 170 comments – the majority of them from disgruntled clients. So proceed with caution.

 Is Azimo cheap?

It depends on the currencies involved with the transfer. In terms of pricing, Azimo appears to be a good option for payments to Asia and a very good option when buying USD. For most other currencies in the lower-value online money transfer transfer space (under $5,000 or equivalent), competitors like Wise (TransferWise) and Currencyfair offer better rates. If you are transferring more significant amounts or on a recurring basis you should know that Azimo’s rates are not optimal. There are specialist currency brokers which are significantly cheaper for larger transfers.  Additionally, it’s worth highlighting the first two transfers are fee-free on signup which is a great promo and customers can enjoy a preferential exchange rate on their first transfer..

 Is Azimo top rated by Money Transfer Comparison?

No. Our editorial rating is 77%. We believe that Azimo may be the best option for very specific currency corridors but Azimo is not within our top 10 best rated money transfer companies. We also get a lot of complaints from readers about Azimo, much more than any other provider listed and reviewed on MoneyTransferComparison.com..

Logonew azimo logo
🏛️ Established2012
🌎 International Clients  UK/ Europe/ Australia/ Canada (not accepting USA)
💱 Currencies Offered60 currencies to over 200 countries/jurisdictions
💷 Minimum Transfer£1
📲 Trading viaOnline Platform only
🏢 Offices InUK, Netherlands, Polan
⚖️ Regulation

Financial Conduct Authority (UK)

De Nederlandsche Bank (Netherlands)

🤯 Fees

As low as £0.99 (1-3 days)

As high as £11.99 for a 24h SWIFT

Promotional CodeNone, but new users get two fee-free transfers and an improved rate on first transfer.
👨‍👩‍👧‍👦 Client Reviews

Over 51,000 reviewers, mainly on TrustPilot

28,000 reviews on Google Play

22,500 reviews on App Store

⭐ Client Rating

4.6 / 5 (Trustpilot)

4.6 / 5 (Google Play)

4.7 / 5 (App Store)

Websitewww.azimo.com
Awards

Best Startup, Payexpo, 2013

Finalists, Innotribe, 2013

Winner, Best Remittance Service to Africa, 2016

Sunday Times, Fast Track 100, 2018

👍 Advantages
  • Transfer from £10
  • Send to 198 Countries
  • Innovative, good team behind it
  • Overall good customer reviews (91% positive reviews on TrustPilot)
  • Easy to sign up and get going
  • Well-reviewed app
  • Cash Pick-Up in Some Countries
👎 Disadvantages
  • More expensive than competitors on some currency routes such as GBP-EUR-AUD
  • We have many disgruntled customer complains on our comment section
  • Not available in USA
  • Not suitable for large transfers: no phone trading, no dedicated dealers, no hedging functionality and so forth

Our Rating: 77.0%

“Very good company for certain corridors. Quite expensive company for other corridors in which strong competitors are available. Too many negative user reviews on MoneyTransferComparison, more than any competitor”

View Rating Breakdown


Azimo Alternatives for Bank Transfers Only (No Cash Pickup)

Azimo money transfer competitors / alternatives are shown in the table below:

UK EU Currencies Direct: Best Overall for International Money Transfers
Headquarters:
1 Canada Square, Canary Wharf, London E14 5AA, UK
97.8% Editorial rating
5,000 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivalent - Send From: UK, Europe, US, Canada, South Africa, India
Why Them?
  • #1 Rating on MTC for the Past 2 Years - Tailored to Larger Transfers with Excellent Phone Service
  • No Fees on any Transfers, Ever
  • Very Friendly Online Platform
+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
4,500 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivalent, Send From: Australia, New Zealand, UK, Europe, US, Canada
Why Them?
  • Excellent Reach - Transfer to Any Country
  • Excellent Online System, Easy to Understand and Use
  • 24/7 Support Wherever You Are on The Globe (Unique Perk)
+Read more
EU UK USA Australia Wise (Previously TransferWise): Valued at £10bn
Headquarters:
17 Avenue Marnix, 1000 Brussels, Belgium
86.8% Editorial rating
124,000 Client Reviews
Minimum transfer:
No Minimum- Send From: UK, Europe, US, Canada, Singapore, Japan, Indonesia, Malaysia, Australia, New Zealand
Why Them?
  • Largest Money Transfer Provider of its Kind
  • Fees for Most Routes under £1
  • Fully-Online Journey
+Read more
EU UK USA Australia One of the Hottest Money Transfer Startups
Headquarters:
Colm House, 91 Pembroke Rd, Ballsbridge, Dublin, Ireland
86.8% Editorial rating
5,000 Client Reviews
Minimum transfer:
No Minimum - Send From: UK, Europe, Australia, Hong Kong, Singapore
Why Them?
  • No Fees on GBP payments, EUR Charged at €3
  • Very Low Margins, Down To 0.33%
  • Great Reputation And Client Reactions