Founded in 2004, Voltrex is a foreign exchange broker operating out of a single office in the UK. They are a subsidiary of financial services company Voltrex Ltd. For the purposes of this review, we will only consider the services of Voltrex FX, the currency exchange company, hereafter referred to as ‘Voltrex’ or ‘VFX’.
Voltrex uses staff experience as a differentiator. Every agent has at least 20 years of experience in relevant financial fields. The company advertises to businesses and wealthy individuals and even claims unspecified “billions” in completed transfers. But with a poor web presence and no user feedback to be found, Voltrex could improve their marketing efforts. Whether this impedes their service or not is a mystery to anyone who has not used Voltrex personally. As such, we can’t give an unreserved recommendation, though we would be very interested to hear about your experience with Voltrex.
Voltrex is also completely unmentioned in the media, or received any industry awards we could find. The only mention of the company we have discovered on mainstream media relates to a joint venture with a Kenyan bank on moving money from UK to Kenya.
VoltrexFX is supposedly operating in clandestine with very little focus on marketing efforts, else, it is very difficult to rationalise how come a company that moves “billions” abroad isn’t mentioned anywhere.
Uncommon but we have not been able to collect any client reviews about VoltrexFX. We actually did at a Forex Trading site (2 reviews), but they’re from 5 and 9 years ago, respectively.
We would expect Voltrex to push its clients to share their positive experiences online, because reviews play a crucial role in prospective clients’ decision making process.
Client reviews mean a lot to us. It’s our way to verify that services are as described. With the vast majority of companies in this industry, you can find hundreds, or thousands of reviews readily available online.
Even though VFX isn’t the largest money transfer provider in the UK, it’s quite odd that we haven’t been able to find a single review of the firm online.
Fees: £15 per transfer, this is the amount mentioned on Voltrex’ website.
Exchange Rates: These are not advertised, and there are no client reviews about the firm online, so we aren’t able to tell whether the exchange rates offered by them are better or worse than competitors’ rates.
Limits: No advertised limits.
In all honesty, we don’t know enough about Voltrex FX fees and rates to formulate an opinion but we think it’s a shame that they are not more transparent about this aspect of their business, especially considering the fact there are no client reviews to testify for them.
Global Reach & Service
Dedicated Dealer: Yes.
Ways to approach: Email, Callback form, Telephone, and Online System.
Translations: The website is only in English.
Accepts clients: We assume the firm accept UK clients as well as clients from the EU and Australia. We can assume American clients are not accepted. Our assumptions are made based on industry knowledge, because Voltrex did not bother communicating this information on their website.
Currencies Handled: 40 .
Client reviews: None we could find online.
Voltrex is a small firm with an English-only website who are probably 99% targeted on the UK market. It is a far cry from companies like Moneycorp which accept clients internationally and has dozens of offices across the globe.
Voltrex makes available one of the widest varieties of hedging options available, including: Forward Contracts, Time-option Forward Contracts, Forward Currency Contracts, Spot Contracts, Limit Orders, Swaps, and Rate Alerts. These, combined with personal guidance from a Voltex advisor, could save individuals and businesses very much indeed.
App and Mobile Experience:
It should be no surprise that Voltrex does not have an app. Their website is not equipped for dynamic performance on mobile devices! The last test we have conducted on that, on January 22, 2018, has shown the site as completely broken on any mobile device:
Good offering in terms of hedging tools, and very poor offering in terms of private clients who want to use VFX on the go.
Special Features Score
Voltrex FX Review: Bottom line
The information about Voltrex FX online is so scarce that it is impossible to say in a definite manner whether this firm is any good or any bad. On one hand we’re talking about a company with a pretty long trading history and seemingly experienced staff, and on the other hand there are things about the firm which are just amatuer. The site isn’t mobile friendly, it takes a VERY long time to load it, and the online presence of the firm is close to nil.
One thing you should ask yourself before using VFX is what are the advantages of this firm over others, and in all honesty we haven’t really found any forte of theirs which outshines the weaknesses.
"MoneyTransferComparison.com believes that transferring money over seas doesn't have to be a difficult process, and should never cost more than it has to"
"Study By MoneyTransferComparison.com ... for every $100,000 an Australian sends abroad, they could potentially save up to $4700 by using a foreign exchange provider instead of their bank."
MoneyTransferComparison has been featured, quoted, or linked to, by more than 1,000 reputable websites, blogs, and magazines across the web.
Those include Investopedia, Investing.com, Business.com, Expat Living Magazine, SmallBusiness.co.uk, News.com.au, Tamebay, The Fintech Times, Money Canada, Startup overseas, The Independent Singapore, and Wikipedia.
Stay Safe and Secure With MoneyTransferComparison.com
Our first priority is the safety and security of your money. Thus, all the companies recommended on this website are authorised as Payment Institutions or Electronic Money Institution by the Financial Conduct Authority (FCA).
To improve the quality of our services, and provide better inputs for our users, we kindly ask you to add your comments to each review and article. We WILL take them into consideration and adjust our ratings accordingly.
"Let's create an integrated global community where we have shared benefits and responsibilities, and we don't fight because of our differences."
- Bill Clinton
Are you working for a money transfer company and wish to be reviewed on MoneyTransferComparison.com?
Send your details through our contact form. Provide accurate and up date details about the company you are representing, and show willingness to address any question we may have for you. Do not attempt to grab our attention by offering commercial partnership deals right off the bat. We only partner up with companies that have been fully reviewed and received terrific ratings.