Should I use Sokin for money transfers?
Is Sokin Safe to Use?
Services Offered by Sokin
Our Top Rated Sokin Alternatives
On Money Transfer Comparison, we have reviewed 80+ money transfer services, many of which could be considered a direct Sokin competitors. View our top rated Sokin money transfer alternatives that have higher ratings below:
- 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 and Competitive Rates
96% Client Satisfaction
- Min Transfer: £/€ 100
- Currencies Supported: 40
- Offices : UK, EU, Singapore, and Australia.
- Our Rating : 93.4%
- High Quality Bespoke Service
MoneyFact's Best Provider Award
Over 100 Years of FX Experience Across Its Trading Desk
- Min Transfer: £/€/$ 50
- Currencies Supported: 120
- Offices : UK, EU, Australia, USA, HK, UAE, and South America.
- Our Rating : 92.8%
- Business Oriented, Many High Profile Business Customers
Industry Veteran since 1979
Diverse Hedging Options and Excellent Guidance
2021 Launch: Sokin is the first money transfer provider to offer unlimited fee-free international transfers in return for a monthly subscription fee.
In this Sokin review, we look through the pros and cons of using this innovative money transfer company for both sending international payments overseas and receiving money from abroad. We run through the important aspects of the service, including the unique, subscription-fee, business model of Sokin and the impact this has on the fees and exchange rates a customer achieves. Read our Sokin review and learn if it’s a good fit for your personal or business requirements.
Sokin Money Transfer Review
Sokin Review: Grand Summary
Sokin Money Transfer is a unique money transfer offering. In return for a £9.99 fixed monthly fee, users can access the interbank exchange rate and fee-free international transfers. In fact, we think the pricing sounds almost a little too good to be true and it remains to be seen if Sokin will be able to continue to honour the fee structure as the firm grows and investors eventually seek a return on investment.
The partnership with Currency Cloud provides reassurance to us that Sokin has reliable payment infrastructure and with board members who used to run the digital FX trading platform at Barclays (Barx FX) it suggests the senior leadership team has the required know-how to drive an international payment business forward. As well as understanding the different risk factors a foreign exchange business faces. With that being said, Sokin is still completely in its infancy and the company is certainly lacking the sort of customer reviews we like to see before making a firm recommendation. Individuals who have frequent money transfer requirements and are prepared to give a new concept a go, will be attracted to Sokin.