FlashFX Review

Established: Not mentioned on website, company registered in 2015

International Clients: Australia only

Currencies Offered: 21

Minimum Transfer: Not mentioned

Trading via: Phone, Online

Offices In: NSW, Australia (based on ABN records)

Regulation: ✓ ASCI

Fees: No fixed fees

Promotional Code: None

Client Reviews: 144 reviews on TrustPilot

Client Rating: 9.49/10 TrustScore

Website: https://www.flash-fx.com/


  • None

Pros and Cons

Innovative, using Ripple to transfer payments

Good client reviews

Easy to sign up

Strong entrepreneurs with banking background

Transparent exchange rates


New and inexperienced as a company

Australia clients only

Sub-par exchange rates

Our Rating: 79.6%

Status: Not In MTC’s Most Recommended List

Read full review

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Currencies Direct
  • 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
World First
  • Min Transfer: £/€ 1,000
  • Currencies Supported: 121
  • Offices : UK, EU, Australia, HK, Singapore. USA-based clients not accepted
  • 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%
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    Corporate FX Expertise

    Superb Rates, No Fees

Read More:

Company Information and Credibility

Company size:

There is little information to be found about FlashFX money transfers online, including the company’s own website. There is an extensive biography for each of the entrepreneurs behind the firm – Nicolas Steiger and Micheal O’sullivan, both have strong background in banking, but nothing more of substance to explain prospective customers how big or small this company really is. It is not mentioned when it was established, where are the head offices located, how much money have they transferred (or transferring each year), etc.

The company boasts an online chat bot, but when we tried to asking for additional information via this channel we have received no reply.

Regulated By:

ASIC (Australia)




FlashFX is a new Australia-facing money transfer company with a twist. They use ripple for money transfers, something that very other providers do. Other than this technical aspect of transferring money abroad, the services they provide are comparable to what’s being offered by companies like Transferwise or XE simply on a much lower scale.

Client Feedback


As of July 10, 2019, there are 144 reviews of the firm on TrustPilot.


Client satisfied with the service mentioned:

  • Fast transfers
  • Simplicity and ease of use
  • Good customer support

There are 10% of clients who voted 3 stars or lower due to:

  • Money not received on time with the recepient
  • The payments that were sent weren’t identified due to lacking information
  • Claims for hidden fees


Overall, FlashFX reviews from across the internet are highly positive. A few dissatisfied clients don’t necessarily attest to an issue or a problem.

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Exchange Rate & Fees

Fees: No fixed wire fees.

Exchange Rates: The exchange rates provided are definitely not the best exchange rate possible. When we checked, we saw they charge almost 1.5% markup of a 5,000 AUD to GBP transfer. For smaller transfers, why note use TransferWise which has fixed fees which are between a third and a half of what FlashFX charges? For larger transfers, our top rated companies could even beat TransferWise’s fees.


These are bank beating rates for sure (especially since Australian bank are relatively expensive) but sub-optimal.

Global Reach & Service


  • Dedicated Dealer: Not mentioned
  • Offices: NSW
  • Ways to approach: Phone or email
  • Translations: None
  • Accepts clients: Australian only
  • Currencies Handled: 21
  • Client reviews: 9.6/10 TrustPilot


In a nutshell, FlashFX is not nearly as global company as our best rated money transfer companies. With a single office and only 21 currencies, focusing only on AUD transfers from Australia or by Australian residents, FlashFX is one of the more niche services we have reviewed on Money Transfer Comparison.

Additional Functionalities

  • Rate alerts – the standard we’ll email you when the rate hits the point you want it to be in functionality that most companies offer.
  • Transfers to cryptocurrency exchange – this is unique because many money transfer companies would simply not handle payments to a cryptocurrency exchange.
  • Request money from an individual or a business – money will be transferred to FlashFX account and then passed to the client. Very good functionality similar to what many companies offer online Amazon sellers.
  • The company uses Ripple for overseas transfers which is quite unique.


Some good functionalities for those who sign up with FlashFX.

Review Summary
  • 56%
    Credibility Score - 56%
  • 90%
    Client Feedback - 90%
  • 68%
    Fees, Exchange Rates - 68%
  • 55%
    Global Reach, Availability, Service - 55%
  • 86%
    Added Values - 86%

Bottom Line

This FlashFX review conclusion is that although it seems to be a good company doing smart moves, such as using the blockchain for faster and more efficient transfers, it is still too new and unknown to recommend. Additionally, the exchange rates provided are not competitive enough, and the single-country single-office few-currencies approach is not impressive, to us.

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