Should I use SterlingFX for money transfers?
Is SterlingFX Safe to Use?
Services Offered by SterlingFX
Our Top Rated SterlingFX Alternatives
On Money Transfer Comparison, we have reviewed 80+ money transfer services, 40+ of which could be considered direct SterlingFX competitors. View our best rated SterlingFX money transfer alternatives which have received 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
This review of SterlingFX will delve into the international money transfer services offered by this long-standing foreign exchange company which has a rich history in currency conversion through its Edgware Road Bureau de change. We’ll take a look at the feedback of existing customers through the reviews of Sterling FX payments they’ve left online, we’ll look into the history and credibility of the firm and lastly, we’ll summarise the advantages and disadvantages of using Sterling FX for international payments.
SterlingFX Payments Review
- FCA Authorisation - 0%0%
Sterling FX is a highly reputable company that has enjoyed tremendous success as a travel money provider, run from a single bureau de change on Edgware Road. It is one of the highest rated travel money providers on Trustpilot, netting a 4.8 / 5 score. However, it only has a handful of reviews specifically relating to Sterling FX international money transfers, a service the firm launched in March 2020.
Two things concern us regarding this company. Firstly, the variable payment fee could soon start to prove very costly alongside an exchange rate spread and, secondly, the lack of FCA authorisation. Whilst it looks like Sterling FX adheres to all of the money transfer regulations stipulated for authorised payment providers, we are still apprehensive in recommending a firm which is only registered with the Financial Conduct Authority in order to provide Sterling FX international payments. Nothing in the firm’s credibility or history suggests they shouldn’t be a reliable provider but a lack of authorisation means the firm is not legally required to adhere to these regulations.