FairFX Alternatives and Competitors

September 7, 2020

UK-based FairFX allows its customers to make international fund transfers. It also offers currency cards and travel cash solutions. If you, like many others, are looking for a FairFX alternative to send money overseas, you can choose from a number of options. However, not all will serve your purpose equally well.

When sifting through the competition, it is important that you consider your individual requirements. For example, not all FairFX alternatives let you make payments using credit cards, and not all provide website access in foreign languages.

Low Transparent fee structure
Forward contracts
Scheduled transfers
Dedicated account manager
Live chat support

low

Fees

fast

1-2 days

Go to Site

Fee-free transfer limit
Forward contracts
Stop loss orders
Limit orders

low

Fees

medium

2-3 days

Go to Site

Forward contracts and limit orders
Scheduled transfers
Travel money solutions for residents of the UK
Multilingual website

low

Fees

medium

2-3 days

Go to Site

0.4% margin for new customers referred by iCompareFX
Fee-free transfers
Scheduled transfers
Online and phone transfers

low

Fees

medium

2-3 days

Go to Site

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WorldFirst

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Global Reach Group

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Currencies Direct

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OFX

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WorldFirst

WorldFirst began operations in 2004. This UK-based business also has offices in the U.S., Australia, Singapore and Hong Kong. It operates dedicated websites for the UK, the U.S., France, Australia, China, Japan, Hong Kong and Singapore. Depending on the website you register with, you can use it in English, Chinese, Japanese, or French. Different World First websites let you register as individuals, businesses, or online sellers. For now, you cannot pay for your transfer using credit cards.

UK-based, offices also in the Netherlands, Japan and Hong Kong

Multilingual websites for the UK, the Netherlands, France, Singapore and Japan

Pay a nominal and transparent margin over the existing interbank/real exchange rate

Provides forward contracts and scheduled transfers

Link your World Account with Xero easily – avoid paying currency conversion fees when reconciling payments through matching currency accounts

Lets you transfer money online and over the phone

Does not let you send money from the United States

Your country of residence may have a bearing on sending limits

Does not facilitate cash transfers

Global Reach Group

UK-based Global Reach Group began trading in 2002. Outside of the UK, it has offices in the Netherlands, South Africa and Cyprus. This alternative to FairFX provides services for individuals and businesses. You may use the Global Reach Group website only in English.

Headquarters in the UK, offices also in the Netherlands, South Africa and Cyprus

Gives all customers access to currency specialists

Allows scheduling of transfers

Lets you choose from limit orders, stop loss orders and forward contracts

No cash transfers

No Multilingual website

Currencies Direct

Currencies Direct began operations in 1996. Headquartered in the UK, it also has offices in the U.S., Spain, France, Portugal, India and South Africa. This FairFX competitor operates a multilingual website. It serves individuals, businesses and online sellers.

Accepts customers from most countries

Headquarters in the UK, offices also in the U.S., Spain, France, Portugal, India and South Africa

Website access in different languages

Lets you schedule transfers

Provides market orders and forward contracts

Residents of the UK can use its travel money services

No cash transfers

Does not accept customers from all states in the U.S.

OFX

This alternative to FairFX began operations as OZForex in 1998 as an information-only website. It rebranded itself to OFX in 2015. The OFX group operated dedicated websites for the U.S., the UK, Canada, and New Zealand. These websites have transitioned to the global OFX website. OFX provides services to individuals, businesses and online sellers. It has its headquarters in Australia, with offices also in the UK, the U.S., Canada, New Zealand and Hong Kong. You can use the OFX website in English only. You cannot fund your transfer using a credit card.

Serves individuals, businesses and online sellers

Headquarters in Australia, offices also in New Zealand, the UK, the U.S., Canada and Singapore

Personal transfers carried from the UK are fee-free

Fee-free thresholds in place for other regions

Provides forward contracts, market orders and scheduled transfers

Lets you initiate transfers online and over the phone

Local phone support provided in various countries

Does not facilitate cash transfers

No multilingual website

Transfers of some currencies allowed only over the phone