OFX vs XE Comparison

OFX and XE are two prominent players in the international money transfer market, offering competitive rates and services to individuals and businesses worldwide.

OFX, established in 1998, has grown to provide comprehensive global transfer solutions with a strong emphasis on customer service and competitive exchange rates.

XE, known for its currency conversion services since 1993, merged with HiFX in 2019 to enhance its money transfer offerings.

Both companies are renowned for their reliability, regulatory compliance, and the ability to facilitate efficient cross-border transactions, making them trusted choices for international money transfers.


Company NameOFXXE
XE logo new
OFX ReviewXE Review
Customer rating4.3/54.3/5
# Rating Customers6,400+65,000+
Top 3 Pros
  • Global Offices with Local Presence
  • 24/7 Customer Support
  • Large trading volumes
  • Operating Since 1993
  • Owned by Euronet Worldwide
  • Great Customer Reviews
Top 3 Cons
  • Less Tech-Savvy
  • Outdated Look
  • Customer Support Can Be Slow
  • Β£1.99 fee for Transfers Under Β£1,000
  • Access to a Dedicated Dealer Requires $50,000 Annual Volume
  • No Virtual Bank Accounts


Company NameOFXXE
XE logo new
Office locationsUK, USA, Australia, Hong Kong, Canada, New ZealandCanada, UK, USA
# Currencies55+60+


Company NameOFXXE
XE logo new
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes

Limits and Fees

Company NameOFXXE
XE logo new
Min transferΒ£100 or equivalent€/Β£/$1
Max transferNo limitVaries by country
Fixed feesNoΒ£1.99 for Transfers Under Β£1,000
See rates before you log in?YesYes

Customer Support

Company NameOFXXE
XE logo new
Dedicated DealerYesYes (for $50,000+ annually)
Live ChatNoNo

Ways to Transfer

Company NameOFXXE
XE logo new
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesNo
Cash PickupNoYes
Card Top-UpNoNo

Additional Functions

Company NameOFXXE
XE logo new
Mass paymentsYesNo
Cash chequesNoNo
Multi-Currency Debit CardNoNo


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

  1. XE offers money transfers in more currencies (60+ compared to OFX’s 55+), providing a broader range of options for international money transfers.
  2. XE has a lower minimum transfer amount (€/Β£/$1), making it more accessible for smaller transactions.
  3. XE is part of Euronet Worldwide, a large and well-established financial services company, which may offer additional confidence to some users due to the parent company’s size and resources.

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

OFX is better for customers looking for personalized service with a dedicated dealer, especially for large transfers, and those who value having a multi-currency account for managing their international money needs.

XE is better for users who prioritize low fees for small transfers, need cash pickup options, and prefer a service with a wide range of currencies available for transfer.