CurrencyFair vs OFX Comparison

CurrencyFair and OFX are leading international money transfer services, offering cost-effective and efficient alternatives to traditional banks.

Established in 2009, CurrencyFair is renowned for its peer-to-peer exchange system, providing competitive rates and low fees.

OFX, founded in 1998, operates globally, offering 24/7 support and personalized services through dedicated dealers.

Both companies excel in security, ease of use, and broad currency coverage, catering to a diverse clientele worldwide. Whether for personal or business use, CurrencyFair and OFX streamline the process of sending money abroad, ensuring reliability and value.


Company NameCurrencyFairOFX
CurrencyFair ReviewOFX Review
Customer Rating4.5/54.3/5
# Rating Customers6,000+6,400+
Top 3 Pros
  • Low markup rates
  • Transparent pricing
  • First 5 transfers free
  • Global offices
  • 24/7 customer support
  • No transfer fees
Top 3 Cons
  • Limited to 22 currencies
  • No dedicated dealers
  • Fee withdrawal on top of transfer fees
  • Less tech-savvy compared to competitors
  • Outdated look
  • Customer support can be slow


Company NameCurrencyFairOFX
Office LocationsIreland, Australia, UKUK, USA, Australia, Hong Kong, Canada, New Zealand
# Currencies2255+


Company NameCurrencyFairOFX
Regulated ByCentral Bank of Ireland, ASICFCA, ASIC, FinCEN, FINTRAC, and others
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes

Limits and Fees

Company NameCurrencyFairOFX
Min Transfer€8 / Β£7 / $10$100 or equivalent
Max TransferNo upper limitNo upper limit
Fixed FeesVaries by currency route; typically around €3No fixed fees
See Rates Before Log In?YesNo

Customer Support

Company NameCurrencyFairOFX
Dedicated Dealer?NoYes
Live ChatNoNo

Ways to Transfer

Company NameCurrencyFairOFX
Online SystemYesYes
Online AppYesYes
Multi-Currency Account?YesYes
Cash Pickup?NoNo
Card Top-Up?NoNo

Additional Functions

Company NameCurrencyFairOFX
Mass Payments?YesYes
Cash Cheques?NoNo
Multi-Currency Debit Card?NoNo


On MoneyTransferComparison, OFX has received a higher editorial score. The advantages of OFX over CurrencyFair are these:

  • OFX offers 24/7 customer support, ensuring that customers can get assistance at any time of the day
  • OFX provides a dedicated dealer for transactions, offering personalized service and advice for your money transfer needs
  • OFX has a broader global reach with offices in more countries, making it more accessible for international clients.

Both companies are reliable companies with good customer reviews, and both should be considered for your next international money transfer.

CurrencyFair is better for customers looking for competitive exchange rates through its peer-to-peer exchange system and those who prioritize low fees for their transactions. It’s also suitable for users who prefer an online platform with the option to see rates before signing up.

OFX is better for individuals and businesses needing a wide range of services, including 24/7 support, dedicated dealers, and more extensive currency and country coverage. It’s particularly beneficial for those making large transfers who can benefit from the personalized service and expertise offered by a dedicated dealer.