Is There a FairFX Competitor You Can Use?
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 at the onset. For example, not all FairFX alternatives let you make payments using credit cards, and not all provide website access in foreign languages.
Use the list below to establish which company will work best for you:
- Make a shortlist of companies that accept your desired payment method.
- Check to see if the shortlisted companies have minimum transfer requirements in place.
- Compare fees and turnaround times.
- Make your final selection.
FairFX Competitor Comparison Table
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
Currencies Direct
- 9.1/10
- Online
PhoneOne off transfers Regular transfers Forward Contracts Limit orders Stop loss orders - NO FEES
Currencies Direct regularly offer great rewards for new clients.
Check back again soon for their latest offers… - NO FEEThey charge no fees on 90% of transactions. If fees apply you are informed upfront.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1 / $1 / €1
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
Global Reach Group
- 7.6/10
- Online
Phone Assistance
Best Rate Guarantee AppliesGlobal Reach have a Best Rate Guaratee policy. Click the Visit Website button below for more details.- > $20When you book a transfer through Global Reach, you get to know exactly how much you will need to pay as fees in advance. Depending on the amount you transfer, the company might charge a standard telegraphic transfer fee that does not exceed £20.
- 1 - 2 Days
- £1,000
WorldFirst
WorldFirst began operations in 2004. This UK-based business also has offices in Australia, Singapore, and Hong Kong. It operates dedicated websites for the UK, 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 WorldFirst websites let you register as individuals, businesses, or online sellers. For now, you cannot pay for your transfer using credit cards.
Pros
- Sign up as an individual, a business, or an online seller
- Register for the World Account as a business or an online seller
- 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 you 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
Cons
- 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.
Pros
- Register as an individual or a business
- 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
Cons
- 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.
Pros
- Sign up as an individual, a business, or an online seller
- 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
Cons
- No cash transfers
- Does not accept customers from all states in the U.S.
OFX
This alternative to FairFX began operations as OZForex, an information-only website, in 1998. 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 credit cards.
Pros
- 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
Cons
- Does not facilitate cash transfers
- No multilingual website
- Transfers of some currencies allowed only over the phone
Azimo
Azimo is a UK-based alternative to FairFX that began operations in 2012. You can use the company’s website in English, Spanish, Portuguese, French, German, Italian, Polish, Russian, and Romanian. Azimo provides services for individuals and businesses. You can make payments using credit cards.
Pros
- Serves individuals and businesses
- Accepts payments via bank account transfers, debit cards, credit cards, and SOFORT
- Lets you send money to bank accounts and agent locations
- Allows topping off of mobile wallets and airtime in some countries
- Facilitates home delivery of transferred money in some locations
- Get customer service and website access in different European languages
Cons
- Offices only in the UK and Poland
- Lets you register only as a resident of a European nation
- Accepts payments only in European currencies
- No market orders or forward contracts
- The currencies involved, the mode of payment, and the transfer method affect transfer fees
CurrencyFair
CurrencyFair began operations in 2009. This company has its headquarters in Ireland, and offices in the U.S. and the UK. You can use the website of this alternative to FairFX in English, French, and Polish. By using the CurrencyFair Exchange, you can bid for preferred exchange rates ahead of time. The company does not yet accept credit card payments.
Pros
- Register as an individual or a business
- Headquartered in Ireland, offices also in the UK and Australia
- Low minimum transfer amount of €8
- Allows scheduling of transfers
- Get preferred rates through the Exchange platform
- You get to make express deposits when making payments in European currencies
- Multilingual website
Cons
- No agent locations for cash transfers
- Does not provide forward contracts or market orders
- Cannot register as a customer from all states in the United States
- Transfers attract 0.35% of the transfer amount plus €3 as fees
XE
XE (formerly HiFX) has been around since 1993. The company operates dedicated websites for the UK, Canada, the U.S., Australia, and New Zealand, which you may access in languages other than English. XE provides services to individuals and businesses.
Pros
- Serves individuals and businesses
- Headquarters in Canada, offices also in the U.S. and the UK
- Operates dedicated websites for residents of the UK, the U.S., Canada, Australia, and New Zealand
- Pay no fees for personal transfers
- Provides limit orders
- Website access in multiple languages
Cons
- No network of agent locations for cash transfers
- Does not provide scheduled transfers
TorFX
TorFX is a UK-based company that also has a physical presence in Australia. This FairFX competitor began operations in 2004, and it launched a dedicated website for the Australian market in 2013. Access to both TorFX websites appears in English only. The company provides services to individuals and businesses. It does not accept credit card payments, as of now.
Pros
- Serves individuals and businesses
- Fee-free personal transfers
- Provides forward contracts, stop loss orders, limit orders, and scheduled transfers
- Residents of the UK may use its travel money solutions
Cons
- Physical presence outside of the UK limits to Australia
- No cash pickup locations
- No multilingual website
- No apps for people who register with the Australia-based website
TransferWise
This FairFX alternative is headquartered in the UK and also has offices in the U.S. and Estonia. The company began operations in 2011. You can use the TransferWise website in English, Spanish, Portuguese, Italian, French, Hungarian, Russian, and Chinese. It offers services to individuals and businesses. Depending on where you reside, you may be able to pay using a credit card.
Pros
- Register as an individual, a business, or an online seller
- Use your Facebook or Google account to hasten the registration process
- Headquarters in the UK, offices also in Estonia, Ukraine, Hungary, the U.S., Hong Kong, and Singapore
- Multilingual websites for the UK, the U.S., France, Italy, Germany, Canada, Australia, New Zealand, Japan, and Singapore
- Depending on where you live, you may make payments via credit cards
- Use the Borderless account to hold funds and transact in different currencies
Cons
- Not all currency corridors supported by the TransferWise peer-to-peer network
- Does not provide forward contracts, market orders, or scheduled transfers
- No agent locations for cash transfers
- The currencies involved and the payment method may affect transfer fees
WorldRemit
This UK-based alternative to FairFX has been around since 2010. It also has offices in the U.S., Canada, Japan, Australia, and New Zealand. Access to the WorldRemit website is offered in English, Spanish, and French. The company provides services to individuals only. If making credit card payments is an important factor in the alternatives you are looking for, WorldRemit is a good option.
Pros
- UK-based, offices also in Australia, New Zealand, the U.S., Canada, and Japan
- Send money to a bank account or to a physical location
- Lets you top off mobile wallets and airtime in different countries
- Low minimum transfer amount of £1
- Accepts credit card payments
- Website access in multiple languages
Cons
- Serves only individuals
- Does not provide forward contracts, market orders, and scheduled transfers
- Where you live and the transfer method may affect sending limits
- Transfers fees may vary depending on the currencies involved, the payment method, and the transfer method
The Big Banks
If you are hoping to find a bank that is better than FairFX in transferring funds overseas, your hunt may well be futile. Most banks charge considerably high fees, they don’t offer attractive transfer rates, and their turnaround times often leave room for improvement. For your next transfer, sticking to a specialist fund transfer company is in your best interest.
Learn More
- Read more about this service in my CurrencyFair Review.
- Should you use CurrencyFair Auto Transaction or Exchange?
- Get a more in depth feel for CurrencyFair features.
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