This XE Money Transfer review is intended to explain the pros and cons of using this company for your future money transfer needs. We focus on the important aspects like fees and exchange rates, the quality of the online trading platform, and the level of service provided. XE Money Transfer is a merger of Xe.com and HiFX that took place in 2019.
|🏛️ Established||1993. Owned by Euronet since July, 2015. Merged with HiFX since January, 2019.|
|🌎 International Clients||✓ Internationally|
|💱 Currencies Offered||Approximately 60 Currencies. Full list available on website.|
|💷 Minimum Transfer||No set minimum|
|📲 Trading via||Website platform or mobile app|
|🏢 Offices In||UK, Canada, US,Australia and New Zealand|
|⚖️ Regulation||✓ XE Money Transfer for european based individuals is now provided by HiFX Europe Limited, regulated by the FCA as an Authorised Payment Provider.|
✓ HiFX is also regulated in Canada, Australia and New Zealand where the rebrand to XE money transfer similarly applies.
|🤯 Fees||No Fees Worldwide. Exchange rate depends on volume/currencies.|
|👨👩👧👦 Client Reviews||Over 43,000 reviews on TrustPilot|
|⭐ Client Rating||Approximately 96% positive feedback. Prior to merger with HiFX, XE had around 70% positive feedback.|
Ultra-Accurate Currency Quotes
Owned by Industry Giant Euronet Worldwide
Now provided by HiFX, fully regulated in all jurisdictions present
Poor app functionality as it stands
No Industry Awards or Recognition (for Money Transfers)
Our Rating: Pending
Status: Not In MTC’s Most Recommended List
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Unsatisfied about the currency exchange rate XE money transfer offered you? Find XE money transfer alternatives:
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Before you read the full review – learn more
XE Money Transfer FAQ
If you are an existing XE money transfer client and would like to close down your XE account – read this manual.
Wise vs XE: How the Two Compare?
Wise (formerly TransferWise) vs XE pits two of the biggest brands in the FX space against each other. Although, as we’ve already touched on, XE originally reached fame for its foreign exchange data as opposed to its money transfer offering. What’s more, the benefits to using XE these days have been largely driven by their merger with HiFX as opposed to its core FX data services. It’s also worth noting that most of XE’s selling points are only accessible to corporate clients. The ability to trade options and receive dedicated dealer guidance through XE is not available to private clients. XE’s private offering has much more of a digital focus and if you’re going down the digital route then TransferWise is likely to be a better bet. Its super simple interface and low costs make it a great option for spot transfers (i.e. payments you want to make right now). A
s a private client, it is possible to speak with a customer service rep with both firms but expect long hold times and you’ll always be directed through the online chat in the first instance. For businesses or individuals who want to run balances in multiple currencies then the TransferWise borderless account is certainly worth a mention. Its multi-currency digital bank account allows customers to send and receive payments into digital bank accounts. XE has no similar competing product. So the question of TransferWise vs XE really depends on what your requirements are.