- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
WorldFirst
- 9.2/10
- Online
PhoneOne off transfers Regular transfers Forward contracts Currency options - Real Exchange Rate Used
0.15% - 0.5%Fee is added to the real Exchange rate for transparent pricing.
Fee on top of inter-bank rate is based on total transfers for the year.
0.5% < £500k
0.25% < £5m
0.15% > £5m - 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1000 / €1000 / AUD$2000
OFX
- 9.1/10
- Online
PhoneOne off transfers Regular transfers - Two Transfers Fee Free
First 2 Transactions Free - USD$0
£0
CAD$15
AUD$15
€10 - 1 - 3 Days
- Their website is also responsive so it auto-scales to your screen size.
- $250 / £100 / €250
When you compare popular companies from any specialization, as is the case with this WorldFirst vs. CanadianForex comparison, a winner-takes-all situation seldom arises. In this instance, both companies specialize in international fund transfers, and both attract a fair share of customers. So, how do you decide which company will work better for you?
Looking at comments from previous and existing customers about the services of these companies is one way to go. The results of taking this comparison online are not surprising – while CanadianForex averages at 8.1 out of 10 on Trustpilot, WorldFirst gets 9.2 out of 10 on Feefo. However, do not rely on these scores alone to choose either CanadianForex or WorldFirst.
Whether you should use WorldFirst or CanadianForex for your next overseas funds transfer requires addressing various aspects, as listed below:
- Exchange Rates
- Fees
- Countries
- Ease of Use
- Security
- Regular Overseas Payments
- Coupons
International Money Exchange Rates
If you find exchange rates offered by banks less-than-favorable, you can turn to CanadianForex or WorldFirst and expect to get more competitive rates. Choosing the better of the two involves making a comparison shortly before your transfer.
CanadianForex
- Use the currency converter found on the CanadianForex website to check current inter-bank rates.
- CanadianForex lets you check existing customer rates without registering.
- If you plan to transfer a substantial amount, you can get more competitive rates.
- With a CanadianForex limit order, you can wait for the exchange rate to reach a preset level before the company processes your transfer.
- A forward contract lets you lock in rates for transfers in the future.
- Signing up for rate alerts is easy.
WorldFirst
- WorldFirst live rate graphs and tables gives you an easy way to view prevailing interbank rates.
- You pay a transparent margin over existing interbank/mid-market rates
- The company informs you of the guaranteed rate before you confirm your transfer.
- The company provides free rate alerts.
Global Money Transfer Fees
Pay close attention to this section of the CanadianForex vs. WorldFirst comparison, because it will have an effect on the cost of your transfer.
CanadianForex
- The currency you submit and the transfer amount have a bearing on the fees this company charges.
- If the transfer amount is below CAD $10,000, the company charges CAD $15 in fees. If you transfer more than CAD $10,000, you do not have to pay any fees.
- When transferring less than USD $5,000, you will pay USD $5 as fees.
- The company charges £7 in fees for transfers below £3,000.
- This page provides detailed information about the money transfer service fee structure for other currencies.
WorldFirst
- The company’s pricing band is based on your estimated annual transfer amount, as shown in the table below
- Where you live might affect sending limits
- Accounts for businesses and online sellers come with nominal fees
- View the latest fee details of this company by visiting WorldFirst UK, WorldFirst Australia, WorldFirst France, WorldFirst Japan, WorldFirst China, WorldFirst Hong Kong, or WorldFirst Singapore.
WorldFirst Money Transfer Fees Table
| Annual Transfer Amount | £0-£500k / AUD$0-$750K | £500k-£5M / AUD$750k – $7.5M | £5M+ / AUD$7.5M |
| Real Exchange Rate Plus Fee | 0.50% | 0.25% | 0.15% |
Destination Countries For Sending Money Internationally
Turning to either WorldFirst or CanadianForex gives you the ability to transfer funds in major and exotic currencies, to countries the world over.
- Check this page to view the list of currencies and countries supported by CanadianForex.
- The list of currencies and countries supported by WorldFirst is available in this review.
Ease of Use
When it comes to website access in foreign languages, one company does better than the other in this WorldFirst vs. CanadianForex comparison. Both companies let you register online, after which they verify the details you provide. Both companies let you register as an individual, a business, or an online seller.
CanadianForex
- You can access the CanadianForex website only in English.
- You can initiate your fund transfer online or over the phone.
- As an international customer, you can make your payment via an electronic bank transfer.
- Residents of Canada can pay via pre-authorized debit or by using the bill payment service linked to their online banking systems.
- The company provides apps for Android and iOS.
WorldFirst
- The company lets you initiate the account opening process over the phone.
- Access to WorldFirst websites, depending on the one you use, is available in English, Japanese, Chinese, and French.
- The country you reside in has an effect on available payment methods, which include debit cards, credit cards, electronic bank transfers, CHAPS, and BACS.
- Integrating different currency accounts from the World Account with Xero is simple, and you pay no currency conversion fees when using matching currency accounts to reconcile payments.
- WorldFirst apps for Android and iOS simplify transferring funds on the move.
Security
Both companies do well in this section of the CanadianForex vs. WorldFirst comparison. The use of high encryption levels secures all information that passes through these websites. Additionally, both companies maintain dedicated bank accounts for holding client money.
CanadianForex
- The OzForex Group, one of the largest fund transfer companies in the world, owns and operates CanadianForex.
- The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) regulates operations of CanadianForex.
WorldFirst
- WorldFirst UK Limited is regulated by the UK Financial Conduct Authority (FCA) and FINTRAC.
- WorldFirst Private Limited is regulated by the Australian Securities and Investments Commission (ASIC).
- WorldFirst Asia Limited is regulated by the Hong Kong Customs and Excise Department and the Monetary Authority of Singapore.
Regular Overseas Payments
Whether you use CanadianForex or WorldFirst, you can set up scheduled overseas transfers according to your needs.
Coupons
Both companies give their customers access to promotions and offers on occasion. New offerings are updated in this section.
- Register with CanadianForex to use its 2 Free Transfers Coupon.
- WorldFirst has no ongoing promotional offers
Learn More
- Catch up on the WorldFirst awesome services and feature offerings
- Looking for an alternative to WorldFirst?
- Considering TransferWise or WorldFirst? Find out more with this feature comparison.
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