XE vs CurrencyFair Comparison

XE and CurrencyFair are two prominent players in the international money transfer market, each offering unique services to cater to global financial needs.

XE, established in 1993, has grown into a trusted name for currency exchange and transfers, boasting a wide range of currencies and financial tools.

CurrencyFair, launched in 2009, distinguishes itself with a peer-to-peer exchange platform, offering competitive rates and low fees.

Both companies have garnered positive customer feedback for their reliable and efficient services, making them strong contenders for anyone looking to make international money transfers.


Company NameXECurrencyFair
LogoXE logo new

XE ReviewCurrencyFair Review
Customer rating4.3/54.5/5
# Rating Customers65,000+ on Trustpilot6,000+ on TrustPilot
Top 3 Pros
  • Great customer reviews
  • No fee for large transfers
  • Strong brand and reputation
  • Low markup (0.4% to 0.6% overall)
  • First 5 transfers free
  • Highly positive client rating
Top 3 Cons
  • Β£1.99 fee for transfers under Β£1,000
  • No virtual bank accounts
  • Access to a dedicated dealer requires $50,000 annual volume
  • Limited to 22 currencies
  • No dedicated dealers
  • Fee withdrawal on top of transfer fees


Company NameXECurrencyFair
XE logo new
Office locationsUK, Spain, Canada, Australia, New ZealandUK, Australia, Ireland, Hong Kong
# Currencies98+22


Company NameXECurrencyFair
XE logo new
Regulated byMultiple global regulatorsCentral Bank of Ireland, ASIC
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FANot specifiedNot specified

Limits and Fees

Company NameXECurrencyFair
XE logo new
Min transferNo minimum€8 / Β£7
Max transferVaries by currency, up to GBP 350,000 onlineNo upper limit
Fixed feesΒ£1.99 under Β£1,000Varies by currency, e.g., €3 for EUR transfers
See rates before you log in?YesYes

Customer Support

Company NameXECurrencyFair
XE logo new
Dedicated DealerYes (for transfers over $50,000)No
Live ChatNot specifiedNot specified
24/7Not specifiedNot specified

Ways to Transfer

Company NameXECurrencyFair
XE logo new
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoYes
Cash PickupYesNo
Card Top-UpNot specifiedNot specified

Additional Functions

Company NameXECurrencyFair
XE logo new
HedgingYes (Forward Contracts)No
Mass paymentsYesNot specified
Cash chequesNot specifiedNot specified
Multi-Currency Debit CardNoNot specified


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

  • A broader range of currencies available for transfer (98+ compared to CurrencyFair’s 22)
  • The ability to arrange cash pickups
  • The provision of hedging options such as forward contracts.

Both companies are reliable companies with good customer reviews, and both should be considered for your next international money transfer.

XE is better for customers looking for a wide variety of currency options and those who may need to arrange cash pickups or require hedging options for their transfers. This makes XE particularly suitable for businesses or individuals dealing with large sums or looking for more sophisticated financial instruments.

CurrencyFair is better for users seeking low-cost transfers with the opportunity to get rates better than the market through its peer-to-peer exchange platform. It’s also advantageous for individuals or small businesses that can benefit from its multi-currency account feature, making it ideal for frequent travelers, expatriates, or online sellers who deal with multiple currencies.