TorFX vs TransferGo Comparison

TorFX, established in the UK, has built a reputation for providing personalized currency exchange and transfer services, catering especially to large transactions and business needs with its dedicated account managers and a wide range of currencies.

On the other hand, TransferGo, headquartered in Lithuania, focuses on speed and efficiency, offering fast, low-cost international money transfers. This makes it an attractive option for individuals and businesses looking for quick and straightforward transactions.

This article aims to shed light on the key features and comparative advantages of TorFX and TransferGo, guiding potential users in making informed decisions for their international money transfer needs.

Customers

Company NameTorFXTransferGo
Logo
transfergo new logo
TorFX ReviewTransferGo Review
Customer rating4.9/54.8/5
# Rating Customers6,800+ on TrustPilot22,500+ on TrustPilot
Top 3 Pros
  • Experienced and Professional Staff
  • Many Industry Awards
  • Highly Positive Experience Reported by Clients
  • 96% client approval rating
  • Same-day money transfers available
  • Low fixed fees
Top 3 Cons
  • Geared Towards Clients with Large-Sum Requirements
  • Mobile App Can be Laggy
  • Limited to bank-to-bank transfers only
  • Can only send from 8 currencies
  • Free transfers take a while to process
  • Margins not as tight as other competitors

Availability

Company NameTorFXTransferGo
Logo
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Office locationsUK, AustraliaUK, Lithuania, Germany, Poland, Turkey
# Currencies40+20+

Security

Company NameTorFXTransferGo
Logo
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Regulated byFinancial Conduct Authority (UK), ASIC (Australia)Financial Conduct Authority (UK), Bank of Lithuania
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FANoNo

Limits and Fees

Company NameTorFXTransferGo
Logo
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Min transferΒ£100No min
Max transferNo limitNo max
Fixed feesNo fees€0.99-€2.99 from Eurozone
See rates before you log in?YesYes

Customer Support

Company NameTorFXTransferGo
Logo
transfergo new logo
Dedicated DealerYesNo
EmailYesYes
PhoneYesYes
Live ChatNoNo
24/7NoNo

Ways to Transfer

Company NameTorFXTransferGo
Logo
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Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesNo
Cash PickupNoNo
Card Top-UpNoYes

Additional Functions

Company NameTorFXTransferGo
Logo
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HedgingYesNo
Mass paymentsYesYes
Cash chequesNoNo
Multi-Currency Debit CardNoNo

Conclusion

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

  • TorFX offers dedicated account managers, providing personalized service for each customer, which is particularly beneficial for complex or large transactions.
  • TorFX supports a wider range of currencies (40+ currencies) compared to TransferGo (20+ currencies), making it more versatile for global money transfers.
  • TorFX does not charge any fixed fees for transfers, making it potentially more cost-effective for larger transactions.

TorFX is better for large international transfers, businesses needing tailored currency services, and individuals seeking personalized advice and support.

TransferGo is better for quick, same-day transfers, individuals making smaller transactions, and users who prioritize a straightforward online or app-based transfer process.