TorFX vs Wise Comparison

TorFX, renowned for its personalized service, offers dedicated dealer support and is particularly favored for large-scale transactions, boasting an impressive customer rating of 4.9/5. It operates primarily from the UK and Australia, serving clients with a focus on security and tailored financial advice.

On the other hand, Wise is celebrated for its user-friendly online platform, transparent fee structure, and innovative financial solutions like the multi-currency account and debit card. With a customer rating of 4.6/5, Wise operates globally, offering services designed for quick, small-scale transfers.

Both companies are regulated by the FCA among other regulators, ensuring a high level of security and trustworthiness in their operations.


Company NameTorFXWise
wise new logo
TorFX ReviewWise Review
Customer rating4.9/54.6/5
# Rating Customers4,565195,000+
Top 3 Pros
  • Experienced and professional staff
  • Many industry awards
  • Highly positive experience reported by clients
  • Really good online system
  • Transparent exchange rates/fees
  • Multi-currency account and card for travel
Top 3 Cons
  • Geared towards clients with large-sum requirements
  • Mobile app can be laggy
  • No credit card payments
  • Not optimal for large transfers
  • Customer support can be slow
  • Accounts may be frozen for compliance


Company NameTorFXWise
wise new logo
Office locationsUK, AustraliaUK, with offices globally
# Currencies5950+


Company NameTorFXWise
wise new logo
Regulated byFCA, ASICFCA, and other global regulators
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes

Limits and Fees

Company NameTorFXWise
wise new logo
Min transferΒ£100Β£1
Max transferNo upper limit$1,000,000
Fixed feesNo fixed feesVariable, transparently shown before transfer
See rates before you log in?YesYes

Customer Support

Company NameTorFXWise
wise new logo
Dedicated DealerYesNo
Live ChatNoYes

Ways to Transfer

Company NameTorFXWise
wise new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoYes
Cash PickupNoNo
Card Top-UpNoYes

Additional Functions

Company NameTorFXWise
wise new logo
Mass paymentsYesYes
Cash chequesNoNo
Multi-Currency Debit CardNoYes


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

  • Dedicated dealer support for personalized service.
  • Better suited for large transfers with no maximum limit.
  • Specialized services like hedging options for managing currency risk.

TorFX is better for large international transfers, especially for businesses or individuals needing tailored financial advice and services. Wise, on the other hand, is better for smaller, quick transfers and those seeking a user-friendly online platform with a transparent fee structure and the convenience of a multi-currency account.

Wise‘s strengths lie in its efficient online system, transparent fees, and the provision of a multi-currency account and debit card, making it ideal for travelers and small businesses operating in multiple currencies. TorFX excels in providing a personalized service with dedicated account managers, making it a preferred choice for larger transactions and for customers who value direct, professional guidance in managing their international money transfer needs.