
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
OFX (Canada)

- 8.9/10
- Online
PhoneOne off transfers Regular transfers - First 2 Transactions Free
- CAD$15
- 1 - 3 Days
- Their website is also responsive so it auto-scales to your screen size.
- CAD$250
WorldFirst

- 9.2/10
- Online
PhoneOne off transfers Regular transfers Forward contracts Currency options - NO FEES
- NO FEES.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1000 / $1000 / €1000 / AUD$2000
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
- 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 World First 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.
World First
- The World First currency converter gives you an easy way to view prevailing inter-bank rates.
- The company informs you of the guaranteed rate before you confirm your transfer.
- By using World First live rates and graphs, you can track exchange rate fluctuations between different currency pairs.
- The company provides free rate alerts.
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.
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.
World First
- Fees No More. You can now enjoy fee free transactions with World First.
- All fees were removed starting November 2017.
Destination Countries For Sending Money Internationally
Turning to either World First 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 countries supported by World First 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 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.
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.
World First
- 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.
Security
Both companies do well in this section of the CanadianForex vs. World First 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.
World First
- World First USA is regulated by the U.S. National Mortgage Licensing System (NMLS), the U.S. Financial Crimes Enforcement Network (FinCEN), and FINTRAC.
- World First UK Limited is regulated by the UK Financial Conduct Authority (FCA) and FINTRAC.
- World First Private Limited is regulated by the Australian Securities and Investments Commission (ASIC).
- World First 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 World First, 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.
- You can use credits earned from the World First referral program towards transfers you make in the future.
Learn More
- Catch up on the World First awesome services and feature offerings
- Looking for an alternative to World First?
- Considering TransferWise or World First? Find out more with this feature comparison.
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