FlashFX Review

Matt Di Vincere (Chief Editor)
Last Edited Dec 18, 2023

Should I use FlashFX?


  • 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

Services Offered by Flash FX

Payments Over Ripple Network  + 3

Official Website:

FlashFX Review: Executive Summary

Flash FX is a fairly innovative way to send money in Australia, based on the Ripple infrastructure. With its innovation, there is no cost-saving as compare to other leading money transfer services in Australia, and while it is convinient we see no added value compared to companies like Send.
Overall rating79%
  • star-100
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Updated on Dec 18, 2023

Not Top 10 Ranked

🏆 1 Industry Award

Where is FlashFX Available?

FlashFX Alternatives in Australia

This review for FlashFX money transfer is intended to explain the pros and cons of using it for your money transfer needs. We focus on the important aspects like fees and exchange rates, the quality of the online trading platform, and the level of service provided. You can find top FlashFX competitors and alternatives below:

Australia Send Payments: Friendliest Staff, Top Platform, Best Overall
Local Australia Offices (Headquarters):
10 Rawlins St, Southport QLD 4215
96.4% Editorial rating
289 Client Reviews
Minimum transfer:
Why Them?
  • 4.9 star rating on Trust Pilot
  • Competitive Exchange Rates for Both Small and Large Transfers - Up To x5 Cheaper Than Banks
  • Personal Account Manager - Large Transfers Specialists
+Read more
Send Payments
Send Payments: Friendliest Staff, Top Platform, Best Overall
Editorial rating
Australia TorFX: Highly Experienced - Business Transfers Specialists
Local Australia Offices:
25 Elkhorn Ave, Surfers Paradise QLD 4217
91.5% Editorial rating
5,000 Client Reviews
Minimum transfer:
Why Them?
  • Decades of Experience
  • Very High Client Satisfaction
  • Dedicated Dealer for Transfers above A$5,000
+Read more
Torfx Money Transfer
TorFX: Highly Experienced - Business Transfers Specialists
Editorial rating
Australia Xe: Very Well Known, Great Online Transfer and App
Local Australia Offices:
1/75 Castlereagh Street, Sydney, New South Wales 2000 Australia
92.3% Editorial rating
62,000 Client Reviews
Minimum transfer:
Why Them?
  • Smoothest to Register With - Less Than a 2 Minute Process
  • Global Company with Multiple Offices in Australia, Running Since 1993
  • The Most Familiar Name in Currency (One of the World's Most Popular Websites
+Read more
Xe: Very Well Known, Great Online Transfer and App
Editorial rating
Australia OFX: Best for eCommerce Customers
Local Australia Offices:
60 Margaret St, Sydney, NSW 2000
90.4% Editorial rating
5,000 Client Reviews
Minimum transfer:
Why Them?
  • Australian Company, Traded Publicly, 20bn Turnover per Year
  • Ultra Professional and Serious
  • 24-7 Support Including Live Chat
+Read more
OFX: Best for eCommerce Customers
Editorial rating
UK EU USA Currencies Direct: Best For Transfers to Australia
1 Canada Square, Canary Wharf, London E14 5AA, UK
N/A Editorial rating
7,500 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivalent
Why Them?
  • 96% Positive Feedback from Customers, Since 1996
  • Service Oriented - Specialising in Large Transfers - Friendly Dealers
  • Very Competitive Rates, No Wire Fees
+Read more
Currencies Direct
Currencies Direct: Best For Transfers to Australia
Editorial rating


+Is FlashFX a trusted provider?

FlashFX was registered in 2015 and has been operating within the required regulatory framework in Australia since. It’s still a relatively small firm with a low number of online reviews but of the 195 reviews it has amassed 9/10 customers would recommend the service. If you are looking for a more experienced provider then OFX will be your preferred option.

+What makes FlashFX unique?

FlashFX is part of the ripple network, a blockchain technology, meaning that payments (at least on their end) will be super fast. Note, however, on the beneficiaries end payments could still go via the cumbersome SWIFT network.

+What are FlashFX’s strengths against its competitors?

In addition to its fast payment capabilities FlashFX has a management team with a strong background in banking and payments and an intuitive, easy sign up process.

+What are SendFX’s weaknesses against its competitors?

It’s not evident if FlashFX offers a wide array of hedging solutions that some of the leading currency brokers do. Try TorFX to gain access to forward contracts and limit orders.

Is FlashFX Safe?

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 few 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.

FlashFX Customer Reviews


As of  June 2023, there are 222 reviews of the firm on TrustSpot.io, a new platform for customer reviews we have not encountered beforehand. Prior to working with TrustSpot.io, FlashFX was using TrustPilot. The rating was 4.7, with only 7 complaints and 9 more neutral reviews.


Client satisfied with the service mentioned:

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

There are ~5% 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.

With that being said FlashFX reviews online are scarce and the sample size, as well as the unknown customer reviews platform, make it difficult to compare FlashFX to a payment Goliaths like Wise or Revolut boasting hundreds of thousands to millions of customer reviews.

Flash FX Exchange Rate & Fees

Fees: No fixed wire fees.

Exchange Rates: The exchange rate through Flash FX is not the best exchange rate possible on the market. When we checked, we saw they charge an almost 1.5% markup on a 5,000 AUD to GBP transfer. For smaller transfers, why not use Wise? Their fixed fees are between a third and a half of what FlashFX charges. For larger transfers, our top rated companies could even beat Wise’s fees.


These are bank-beating rates for sure (especially since Australian banks are expensive) but we do think you’d be able to achieve a better rate with another currency specialist. It could be better to choose one of the top alternatives like Send or TorFX.

FlashFX Offices & Global Reach


  • 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.

FlashFX Money Transfer Review Summary
71 of 100 1 review
  • Credibility Score - 56%
  • Client Feedback - 90%
  • Fees, Exchange Rates - 68%
  • Global Reach, Availability, Service - 55%
  • Added Values - 86%

Bottom Line

FlashFX is definitely an interesting company in the FX landscape. First off, it’s Australia-based and focuses exclusively on Australian audiences for the time being, similarly to competitor Send (SendPayments.com). Additionally, it is leveraging the Ripple payments network to facilitate payments and isn’t afraid to admit they encourage transfers to and from crypto exchanges (which a lot of other international money transfer services in Australia would block). They also have good customer reviews albeit a small sample size.

On the flipside, FlashFX is just not as experienced as some of its competitors. It doesn’t have a long track record of moving money overseas, and it appears that their exchange rates can be beaten by some competitors. Hence, if you do try FlashFX, it’s worth registering with one or two other competitors to compare services and the rates on offer.