TorFX vs XE Comparison

TorFX, established in 2004, has carved a niche for itself with its no-fee structure, personalized account management, and a strong focus on competitive exchange rates for larger transactions.

On the other hand, XE, known for its comprehensive currency services since 1993, has expanded its offerings to include fast, efficient money transfers across a broad spectrum of currencies and countries.

Whether you’re transferring funds for personal or business reasons, TorFX and XE provide tailored solutions to meet a wide range of international money transfer needs.


Company NameTorFXXE
LogoXE logo new
TorFX ReviewXE Review
Customer rating4.9/54.3/5
# Rating Customers6,800+ on TrustPilot65,000+ on TrustPilot
Top 3 Pros
  • No transfer fees
  • Personal account managers
  • Competitive exchange rates
  • Wide range of currencies
  • Quick transfer speed
  • No minimum transfer
Top 3 Cons
  • Geared towards larger transfers
  • Mobile app can be laggy
  • Limited digital wallet options
  • Β£1.99 fee for transfers under Β£1000
  • No dedicated dealer for low volume transfers
  • No virtual bank accounts


Company NameTorFXXE
LogoXE logo new
Office locationsUK, AustraliaUK, Canada, New Zealand, Australia
# Currencies60+98+


Company NameTorFXXE
LogoXE logo new
Regulated byFCA, ASICFCA, FinCEN, ASIC, and others
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes

Limits and Fees

Company NameTorFXXE
LogoXE logo new
Min transferΒ£100No minimum
Max transferNo limitVaries by country
Fixed feesNoneΒ£1.99 for transfers under Β£1000
See rates before you log in?YesYes

Customer Support

Company NameTorFXXE
LogoXE logo new
Dedicated DealerYesYes (for transfers over $50,000 annually)
Live ChatNoNo

Ways to Transfer

Company NameTorFXXE
LogoXE logo new
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoNo
Cash PickupNoYes
Card Top-UpNoNo

Additional Functions

Company NameTorFXXE
LogoXE logo new
Mass paymentsNoYes
Cash chequesNoNo
Multi-Currency Debit CardNoNo


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

  • no transfer fees for any amount.
  • access to personal account managers.
  • focus on competitive exchange rates for larger transfers.

TorFX is better for larger international money transfers and individuals or businesses looking for personalized service with a dedicated account manager. It’s also preferable for those seeking to leverage advanced currency tools like forward contracts and market orders.

XE is better for those needing to transfer money quickly across a wide range of currencies and countries, especially for smaller amounts where the transfer speed is a priority. It’s also suitable for individuals who prefer a digital-first approach with the convenience of an online platform and app.