iCompareFX

  • Global Money Transfers
    • Personal Money Transfer
    • Business Money Transfer
    • Why Specialists?
  • Online Sellers
  • Reviews
    • Azimo
    • CurrencyFair
    • Currencies Direct
    • Currency Solutions
    • FC Exchange
    • FrontierPay
    • OFX
    • PayPal
    • Skrill
    • TorFX
    • TransferWise
    • Travelex
    • WorldFirst
    • WorldRemit
    • XE
    • XOOM
  • Comparison
  • Blog
  • About
    • Disclaimer
    • Contact Us
Home » Money Transfer Comparison » CanadianForex Vs XE Trade – Comparing Two High-Flying Fund Transfer Companies

CanadianForex Vs XE Trade – Comparing Two High-Flying Fund Transfer Companies

October 18, 2016 by iCompareFX Leave a Comment

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

OFX (Canada)

OFX small orange logo text
  • 8.9/10
  • Online
    Phone
    One off transfers Regular transfers
  • First 2 Transactions Free
  • Redeem Coupon
  • CAD$15
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • CAD$250
Visit Website

XE.com

XE Money Transfer Logo 100x150
  • 9.1/10
  • Online Only
    One off transfers Phone assistance available
  • Visit Website
  • XE.com transaction fees are contained within the exchange rate offered.
  • 1 - 5 Days
  • Regular payments to PayPal registered merchants is possible.
    Regular payments to family or friends PayPal accounts is not currently possible.
  • Their website is responsive so it auto-scales to your screen size.
  • €/£/$1
Visit Website

CanadianForex Vs XE overseas money transfer companies compared by icomparefxIf you, like many other people, are unsure about selecting CanadianForex or XE Trade as your fund transfer tool, reading this in-depth comparison to the end will help considerably. Having made their presence felt in recent years, both companies offer noticeably better deals when compared to the big banks. They provide higher standards of customer service as well.

The XE Trade vs. CanadianForex comparison on Trustpilot shows that most customers of both companies have positive experiences. While XE Trade manages an average score of 8.0 out of 10, CanadianForex averages at 8.1 out of 10. These scores seem to put both companies on equal footing. But, there is more to the process than that.

Picking XE Trade or CanadianForex becomes easy once you establish your individual needs. These different sections of this comparison aim to simplify the process of choosing the company that suits you best:

  • Exchange Rates
  • Fees
  • Countries
  • Ease of Use
  • Security
  • Regular Overseas Payments
  • Coupons

Foreign Currency Exchange Rates

If you compare exchange rates offered by CanadianForex or XE Trade with rates provided by most leading banks, you will see visibly better deals coming from both fund transfer companies. This section does not have a clear frontrunner because of the volatile nature of the forex market. To find out which company does better, compare their rates shortly before your transfer.

CanadianForex

  • Check current inter-bank rates by making use of the currency converter provided by CanadianForex.
  • The CanadianForex website lets you view the company’s customer rates at any time.
  • If you transfer a large amount, you stand to get even more competitive rates.
  • You can lock in rates for transfers in the future by using forward contracts.
  • If you want to benefit by positive changes in exchange rates, you can turn to limit orders.
  • The company lets you sign up for free rate alerts.

XE Trade

  • XE Trade lets you check existing mid-market rates by using its currency converter.
  • The company lets you bid for desired rates.
  • XE provides currency charts that let you track exchange rate fluctuations over varied time periods.
  • Signing up for rate alerts is free.

Fund Transfer Fees

One company does better than the other in this section of the CanadianForex vs. XE Trade comparison. However, remember that the exchange rate affects the cost of the transfer as well.

CanadianForex

  • CanadianForex has fee-free thresholds in place for different currencies.
  • If the transfer amount is less than USD $5,000, you pay a fee of USD $5.
  • For transfers below CAD $10,000, the company charges CAD $15 in fees.
  • If you send less than €5,000, a €10 fee applies.
  • Up-to-date details of fees this company charges for payments made in other currencies are available..

XE Trade

  • XE Trade processes fund transfers to more than 35 countries without charging any fees.
  • If the company charges you a fee, you find out about it in advance.

Destination Countries For Worldwide Money Transfer

The country you wish to transfer funds to can have a bearing on whether you should pick XE Trade or CanadianForex, especially if your transfer involves an exotic currency.

  • Check this page to view the list of currencies that CanadianForex supports. The page also informs you of countries that the company does not support.  
  • The currency converter on the XE Home page lets you check the countries the company supports. Find out which currencies XE Trade supports.

Ease of Use

Both companies let you register online and the process takes no more than a few minutes. Both companies verify your details before activating your new accounts. This XE Trade vs. CanadianForex comparison favors one company over the other when it comes to website access in foreign languages.

CanadianForex

  • CanadianForex does not provide website access in any language other than English.
  • The company lets you initiate transfers online and over the phone.
  • International customers can pay for their transfers via electronic bank transfers.
  • If you live in Canada, you can pay using your bank account’s online bill payment service. You can also pay via a pre-authorized debit.
  •  CanadianForex apps for Android and iOS simplify transferring funds from mobile devices.

XE Trade

  • Other than English, you can access the XE website in Arabic, Chinese, Dutch, French, Italian, Japanese, Portuguese, Spanish, and Swedish.
  • As an international customer, you can pay via a wire transfer.
  • If you live in the UK, you can pay using CHAPS, BACS, or FPS.
  • Residents of Canada can pay via Bill Pay.
  • Available transfer methods depend on the destination country. Your options include electronic fund transfers, wire transfers, and drafts.
  • You can use XE apps with devices that run on iOS, Android, Windows, or BlackBerry.

Security

Whether you use the CanadianForex or XE Trade website, high level encryption keeps all the information you provide secure. The fact that both companies use segregated bank accounts for holding client money also helps.

CanadianForex

  • The OzForex Group, an Australia-based company, owns and operates CanadianForex.
  • The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) regulates operations of CanadianForex.

XE Trade

  • XE Trade provides fund transfer services by partnering with currency exchange and fund transfer companies from different parts of the world.
  • XE Trade requires that its partners have all the required licenses in place to provide fund transfer services from the countries in which they operate.

Regular Overseas Payments

If you want to set up regularly scheduled overseas transfers, this section of the CanadianForex vs. XE Trade comparison favors the former. While CanadianForex lets you set up regular transfers easily, XE Trade does not currently offer this functionality.

Coupons

Customers of both companies can look forward to added savings by using promotional offers, which you can find updated in this section.

  • Use the 2 Free Transfers Coupon provided by CanadianForex after registering as a new customer.
  • There are no offers from XE Trade as of now.
Go to top

Learn More

  • Examine XE Competitors and Alternatives.
  • Which one would you pick, Azimo or XE.
  • Why TransferWise is Better? TransferWise Vs XE

CanadianForex Vs XE Trade Updates

  • Yay! No updates!

Related Posts:

  • WorldRemit Vs XE Trade – Are Both Equally Good, or Is One…
  • FC Exchange Vs XE Trade – Identifying the Better of the…
  • CurrencyFair Vs XE | Which Money Transfer Company Should You
  • MoneyGram Vs XE Trade – No Winner-Takes-All Situation Here
  • TransferWise Vs XE Trade – Which Company to Choose
  • CanadianForex Vs TransferWise – Which Way Does the Wind…
  • CanadianForex Vs Xoom – How Do These Top-Ranking Companies
  • CanadianForex Vs Western Union – A Comparison Where Your…
  • CanadianForex Vs PayPal – How Do You Make the Right…
  • CanadianForex Vs World First – No Winner-Takes-All…

Filed Under: Money Transfer Comparison Tagged With: CanadianForex, Compare Money Transfer, XE

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

iCompareFX.com Sidebar Graphic

Search Articles…

Exclusive Coupons
Transferwise: £3000 Free Payment

WorldRemit: Fee Free Transfer

WorldFirst: 2 Fee Free Transfers

CurrencyFair: 5 Fee Free Transfers

InstaReM: $10 Off Your First Transfer

Payoneer: $50 Coupon!
Top 5 Trending Articles
1. OFX Review

2. TorFX Review

3. TransferWise Vs CurrencyFair

4. WorldFirst Vs TransferWise

5. Western Union Competitors

Top Transfer Reviews
CurrencyFair
TransferWise
OFX (Formerly OzForex)
FrontierPay
HiFX
OzForex
USForex
UKForex
CanadianForex
NZForex
Currencies Direct
TorFX
WorldFirst
Azimo Money Transfer
FC Exchange
WorldRemit
XOOM
Currency Solutions
Moneycorp
RationalFX
Ria
FairFX
InstaReM
OrbitRemit
EasyFX
TransferMate
MoneyGram
Western Union
XendPay

Country Guides

Australian Flag for Money Transfer Country Guide Australia
Indian Flag for Money Transfer Country Guide India
Nigerian Flag for Money Transfer Country Guide Nigeria
Filipino Flag for Money Transfer Country Guide Philippines
Switzerland Flag for Money Transfer Country Guide Switzerland
British Flag for Money Transfer Country Guide United Kingdom

More Guides…

Currency Pairs Guides

USD-INR currency pairs USD-INR
GBP-EUR currency pair GBP-EUR
AUD-INR currency pair AUD-INR

More Guides…

Guides & FAQs

Sending money from PayPal to Transferwise


A guide to receiving international payments


How to same day overseas money transfers work


A guide to minimizing foreign exchange risk


More guides…

Recent Posts…

  • Review and Compare International Money Transfer
  • CurrencyFair Review | Leading Global Money Transfers
  • Transfer Money Overseas – The Smart Way
  • TransferWise Review for Online Money Transfer Services
  • OFX Vs PayPal – Does One Rate Better Than the Other?
  • iCompareFX | Best Expat Blog of 2017 Awards
  • Skrill Competitors and Alternatives | Compared
  • XE Competitors and Alternatives | Compared
  • Looking for an Azimo Money Transfer Review That…
  • XOOM Competitors and Alternatives | Compared

Best Expat Blog Awards 2017

iCompareFX.com Expat Blog Award 2017

Related Posts

  • Review and Compare International Money Transfer
  • CurrencyFair Review | Leading Global Money Transfers
  • Transfer Money Overseas – The Smart Way
  • TransferWise Review for Online Money Transfer Services
  • OFX Vs PayPal – Does One Rate Better Than the Other?
  • iCompareFX | Best Expat Blog of 2017 Awards
  • Skrill Competitors and Alternatives | Compared
  • XE Competitors and Alternatives | Compared
  • Looking for an Azimo Money Transfer Review That…
  • XOOM Competitors and Alternatives | Compared

iCompareFX.com is Social!

iCompareFX.com Money Transfer Review Apps

Apple App Store Badge for iCompareFX iOS AppGoogle Play Badge for iCompareFX Android App

DMCA.com Protection Status

Recent Comments

  • Patrick on WorldRemit Vs Western Union – Are There Reasons to Select One Over the Other?
  • Russell Smith on How to Send Money from PayPal to TransferWise
  • Basil on How to Send Money from PayPal to TransferWise
  • Belle Smith on TransferWise Review for Online Money Transfer Services
  • Martin1 on TransferWise Vs Revolut – Is One Better Than the Other?

This is an information service. By browsing on the website and/or using our comparison tools and articles, you are asking CompareIQ to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with CompareIQ. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. CompareIQ may receive fees or other benefits in relation to activity on the iCompareFX.com website. CompareIQ may receive remuneration for vendor referral links.    TOS | Disclaimer | Privacy Statement | Facebook | Twitter @iCompareFX

Copyright © 2019 · eleven40 Pro Theme on Genesis Framework · WordPress · Log in

  • Global Money Transfers
  • Online Sellers
  • Reviews
  • Comparison
  • Blog
  • About