TorFX vs Revolut Comparison

TorFX, established in 2004, has built a strong reputation for providing exceptional currency exchange services and customer support, particularly for large-sum transfers. It is highly regarded for its no-fee structure and dedicated account management.

On the other hand, Revolut, founded in 2013, has rapidly grown into one of the most innovative fintech startups, offering a wide range of financial services including fee-free transactions, a multi-currency account, and a user-friendly app. Revolut’s approach to banking and international transfers through its app and card has attracted millions of users worldwide, making it a formidable competitor in the digital banking space.

Both companies offer distinct advantages, making them valuable options for anyone looking to manage international transactions efficiently.

Customers

Company NameTorFXRevolut
Logo
revolut new logo
TorFX ReviewRevolut Review
Customer Rating4.9/5 Trustpilot4.4/5 Trustpilot
# Rating Customers6,800+ reviews109,000+ reviews
Top 3 Pros
  • Dedicated account management
  • No transfer fees
  • High Trustpilot rating
  • Fee-free transactions
  • Multi-currency account
  • Easy to use app
Top 3 Cons
  • Geared towards clients with large-sum requirements
  • Mobile app can be laggy
  • Limited to bank-to-bank transfers only
  • Involved in scandals over AML policy
  • Only PARTLY regulated by FCA
  • Charges fees when markets are closed at weekends

Availability

Company NameTorFXRevolut
Logo
revolut new logo
Office LocationsUK, AustraliaGlobal
# Currencies40+29 via Bank Transfer, 140 with Currency Card

Security

Company NameTorFXRevolut
Logo
revolut new logo
Regulated byFCA, ASICFCA (partially for some services)
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FANoYes

Limits and Fees

Company NameTorFXRevolut
Logo
revolut new logo
Min transferΒ£100No
Max transferNo upper limitDepends on account type
Fixed feesNo feesVariable fees for some transactions
See rates before you log in?YesYes

Customer Support

Company NameTorFXRevolut
Logo
revolut new logo
Dedicated DealerYesNo
EmailYesYes
PhoneYesYes
Live ChatNoYes
24/7NoYes

Ways to Transfer

Company NameTorFXRevolut
Logo
revolut new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesYes
Cash PickupNoNo
Card Top-UpNoYes

Additional Functions

Company NameTorFXRevolut
Logo
revolut new logo
HedgingYesNo
Mass paymentsYesYes
Cash chequesNoNo
Multi-Currency Debit CardNoYes

Conclusion

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

  • Dedicated account management.
  • No transfer fees.
  • Higher Trustpilot rating.

TorFX is better for larger international money transfers and those looking for personalized customer service with a dedicated account manager. It’s also more suited for individuals and businesses looking for hedging options and mass payment solutions.

Revolut, on the other hand, is better for individuals seeking a modern banking alternative with a multi-currency account, easy access through a comprehensive app, and the flexibility of a multi-currency debit card. It’s also more suitable for those interested in cryptocurrency transactions and those who value the convenience of 24/7 customer support.