EasyFX Money Transfer Review
International Clients: ✓ Accepted Globally.
Minimum Transfer: Not stated on Website.
Trading via: Online Platform, Telephone or Email.
Offices In: UK.
Regulation: ✓ Sister company of VFX – FCA Authorised.
Fees: £3 Administration Fee Below £3,000
Promotional Code: None
Client Reviews: None we could find
Client Rating: N/A
Pros and Cons
Reasonable Fees per Transfer (£3 under £3,000)
Award Wining Mobile App
No Media Coverage of the Firm or its Sister Company
No Client Reviews Online
Our Rating: Pending
Status: Not In MTC’s Most Recommended List
View Why This Review is Pending
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Company Information and Credibility
EasyFX is an offshoot of VFX/VoltexFX. VFX owns several other companies in the remittances area, established in 2006, and it’s a self-proclaimed “leader in international payments” (but based on our research of the firm there is little known about it).
EasyFX also operates from a single London office to our best understanding. It was founded in 2011 to simplify the currency exchange process even more than industry competitors already had, and branded as the electronic payment platform of VFX.
The firm also has its own branded MasterCard for multiple currencies named “One Card”.
FCA (UK) – Through its parent company VoltexFX
It does not establish trust when the company you’re contemplating on using, for a sensitive purpose such as high-volume international money transfers, has little to no presence online, and its website is not comprehensive. Similar issue to its parent company VoltrexFX.
We were not able to discover any online reviews of EasyFX. We did see some mentions of the brand here and there scattered across forums but there was not enough detail there to really collate them.
Most money transfer companies are putting their utmost efforts into driving satisfied clients to leave their feedback on platforms like TrustPilot or Feefo (for example: Moneycorp, Currencies Direct, TorFX or World First).
Here at MoneyTransferComparison, client reviews are the bread and butter of an editorial review. The industry itself is quite competitive and companies do not tend to reveal their exchange rates and other propriety information about how they operate. We rely on client reviews to see what clients really think about a certain company, and without those, it is impossible to say whether the FX provider stands up to what it promises.
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Exchange Rate & Fees
Fees: £3 for small transfers under 3,000.
Exchange Rates: It is mentioned on the website, and there are no client testimonials online to verify whether the exchange rates are any good, so… we don’t know.
Limits: No published limits.
The fee structure is OK (most modern companies charge zero fees per transfer even under £3,000 nowadays, but those 3 pounds are not really going to make a difference). We can say for sure these are better fees than the parent company, VFX, that charges 5 times as much per transfer.
The exchange rates are really unknown.
Global Reach & Service
- Dedicated Dealer: Yes.
- Offices: UK.
- Ways to approach: Email, Callbank form, Telephone and Online Platform.
- Translations: No.
- Accepts clients: Unknown.
- Currencies Handled: 50.
- Client reviews: None we could find.
EasyFX is a small brand, at least based on the very limited information supplied on its website and on VoltrexFX’ website. The firm seems to be operating from a single office in the UK, and there is absolutely no information about whether international clients are accepted.
For Businesses: EasyFX offers a wide variety of hedging options. Some of those are: Spot Contracts, Same Day/Next Day Orders, Forward Contracts, Limits, Stops, Time Options, and Value Date Swaps.
App: Great iPhone app with positive reviews and strong functionality (watch rates but also transact on the go).
Platform: EasyFX’s online platform is its pride and joy, and the unique selling point highlighted across its website. There are some nice screenshots describing the exact functionality of the online system, which seem to be up to par with other online systems by larger operators.
Good offering for both businesses and individuals.
Bottom Line: EasyFX Review
Sadly enough, we could not have reached a bottom line in regards to EasyFX. There is just not enough information about the company on its own website, on its parent website, or in mainstream media. There are no client reviews to be found anywhere, additionally.
The only thing we could say for certain based on the (lack) of data above is that EasyFX is not a large or meaningful company in the UK money transfer industry, else it would have received a lot more client feedback and media attention.