TorFX vs CurrencyFair Comparison

Established in 2004, TorFX has carved a niche for itself by providing bespoke currency exchange and transfer services, catering especially to individuals and businesses dealing with large sums. With a strong emphasis on personalized account management, TorFX has garnered acclaim for its tailored approach and expert financial guidance.

On the other hand, CurrencyFair, founded in 2009, revolutionizes the way money is transferred across borders through its innovative peer-to-peer exchange platform. Known for its competitive exchange rates and low fees, CurrencyFair appeals to those seeking efficient and cost-effective solutions for smaller transfers.

Both companies boast robust security measures, a wide range of services, and have built solid reputations for reliability and customer satisfaction in the competitive money transfer market.


Company NameTorFXCurrencyFair
TorFX ReviewCurrencyFair Review
Customer rating4.9/54.5/5
# Rating Customers6,800+ on TrustPilot6,000+ on TrustPilot
Top 3 Pros
  • No transfer fees
  • Dedicated account management
  • High Trustpilot rating
  • Competitive exchange rates
  • First 5 transfers for free
  • Peer-to-peer exchange option
Top 3 Cons
  • Geared towards larger transfers
  • Mobile app can be laggy
  • Limited to certain countries
  • Limited to 22 currencies
  • No dedicated dealer
  • Fee for transfers


Company NameTorFXCurrencyFair
Office locationsUK, Australia, SingaporeIreland, Australia, Singapore, Hong Kong
# Currencies60+20+


Company NameTorFXCurrencyFair
Regulated byFCA, ASICCentral Bank of Ireland, ASIC
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes

Limits and Fees

Company NameTorFXCurrencyFair
Min transferΒ£100€8
Max transferNo limit€10,000,000
Fixed feesNo fees€3 (EU transfers)
See rates before you log in?YesYes

Customer Support

Company NameTorFXCurrencyFair
Dedicated DealerYesNo
Live ChatNoNo

Ways to Transfer

Company NameTorFXCurrencyFair
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesYes
Cash PickupNoNo
Card Top-UpNoNo

Additional Functions

Company NameTorFXCurrencyFair
Mass paymentsYesNo
Cash chequesNoNo
Multi-Currency Debit CardNoNo


Based on the comprehensive reviews and comparisons provided on MoneyTransferComparison, TorFX has received a higher editorial score compared to CurrencyFair. The advantages of TorFX over CurrencyFair are these:

  • Dedicated account management.
  • Higher Trustpilot rating.
  • A broader range of services including hedging tools and mass payments.

TorFX is better suited for large transfers, businesses, and individuals needing dedicated support and complex financial solutions.

CurrencyFair, with its competitive exchange rates and peer-to-peer exchange platform, is better for those looking to save on smaller transfers and who prefer an online platform for quick and straightforward transactions.