If you are trying to determine whether Azimo or TorFX is a better funds transfer company, this comparison will give you all the information you need. Both companies have made a mark for themselves in this field, consistently providing better deals than most leading banks. However, is one of these companies better than the other?
Taking the TorFX vs. Azimo comparison to Trustpilot, I noticed that the former rates slightly better than the latter. While TorFX averages at 9.7 out of 10, Azimo is not far behind, at 9.0 out of 10. This does not necessarily mean readers should transfer funds through Azimo.
Whether you should choose TorFX or Azimo requires that you consider individual requirements. The sections I have broken this comparison into will help simplify the decision making process:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
Worldwide Money Transfer Fees
This section of the Azimo vs. TorFX comparison favors one company over the other. However, paying attention to the exchange rate is equally important because it has a direct impact on the funds the recipient receives.
- The fees you have to pay depend on the desired transfer method and the destination country. SWIFT transfers typically attract higher fees when compared to electronic bank transfers.
- The company informs you of applicable fees before you finalize a transfer.
TorFX does not charge any fees to process international fund transfers. However, a minimum transfer amount of £50 or AUD $100 applies, depending on the TorFX website you use.
Ease of Use
If you need website access in a foreign language, you will find that this TorFX vs. Azimo comparison favors one company over the other. Registering with both companies is easy – all you have to do is submit an online application. Once the company you apply with verifies your information, it activates your account.
- You can use your Facebook account to quicken the account opening application process.
- Website access is offered in English, French, Italian, Spanish, Russian, Portuguese, Polish, Romanian, Turkish, and Dutch.
- Depending on the destination country, you can transfer funds via electronic bank transfers or SWIFT.
- With some countries, you can transfer funds to cash pickup locations and to top off prepaid mobile phones.
- Azimo accepts payments via credit cards, debit cards, and electronic bank transfers.
- You can pay via Sofort Überweisung if you reside in Germany or Austria.
- Residents of Spain and Italy can pay via Trustly.
- If you live in Netherlands, you can pay via iDEAL.
- Azimo provides apps for devices that run on iOS and Android.
- TorFX operates a UK-based website and one for the Australian market.
- Access to both TorFX websites is available only in English.
- You can make payments via credit cards, debit cards, and electronic bank transfers.
- While TorFX UK provides apps for iOS and Android, TorFX Australia does not provide apps for mobile devices yet.
Regular Overseas Payments
Azimo does not let its customers make regular transfers yet. With TorFX, you can set up regular payments according to your needs.
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