When you compare popular companies from any specialization, as is the case with this World First 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, World First gets 9.1 out of 10 on Feefo. However, do not rely on these scores alone to choose either CanadianForex or World First.
Whether you should use World First or CanadianForex for your next overseas funds transfer requires addressing various aspects, as listed below:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
Global Money Transfer Fees
Pay close attention to this section of the CanadianForex vs. World First comparison, because it will have an effect on the cost of your transfer.
- 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.
- The fee you have to pay depends on the World First website you use.
- If you use the World First website for the U.S., transfers under USD $10,000 attract USD $10 as fees.
- With the UK-based website, no transfer fees apply. However, you cannot transfer less than £1,000.
- The World First website for the French market requires that you transfer at least €350. No transfer fees apply.
- View the latest fee details of this company by visiting World First U.S., World First UK, World First Australia, World First France, World First Japan, World First China, World First Hong Kong, or World First Singapore.
Ease of Use
When it comes to website access in foreign languages, one company does better than the other in this World First 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.
- 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.
- The company lets you initiate the account opening process over the phone.
- Access to World First 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.
- World First apps for Android and iOS simplify transferring funds on the move.
Regular Overseas Payments
Whether you use CanadianForex or World First, you can set up scheduled overseas transfers according to your needs.
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