Is There a Suitable Alternative to Currency Solutions?
UK-based Currency Solutions offers specialist overseas fund transfer services for individuals and businesses alike. However, this field is rife with competition, and you can find multiple similar companies vying for your attention.
While one service provider might work well for someone else, you may benefit more by using another. As a result, selecting a suitable Currency Solutions competitor requires that you pay attention to varying aspects.
The list below is created to simplify the selection process.
- Look for companies depending on your desired transfer method.
- Confirm that you meet minimum transfer amount requirements.
- Compare fees you have to pay as well as processing times.
- Make a decision and prepare for your transfer.
Currency Solutions 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
Currencies Direct
This Currency Solutions alternative provides services to individuals, businesses, and online sellers. Currencies Direct operates dedicated websites for the U.S., the UK, France, Spain, Portugal, Germany, Sweden, Italy, Norway, and China. You can use these websites in local languages. Headquartered in the UK, this company has offices in the U.S., France, Spain, Portugal, South Africa, and India. Its operations extend to Ireland, Malta, and Scandinavia. Currencies Direct began operations in 1996.
Pros
- Register as an individual, a business, or an online seller
- Accepts customers from most countries
- UK-based, offices also in the U.S., France, Spain, Portugal, South Africa, and India
- Provides scheduled transfers, limit orders, and forward contracts
- Website access in different languages
- Local phone support provided in different countries
- Travel money solutions provided for residents of the UK
Cons
- Cannot register as a customer from all states in the U.S.
- No agent network for cash transfers
Global Reach Group
You may register with this alternative to Currency Solutions as an individual or a business. You can use the Global Reach Group website only in English. This company has its headquarters in the UK, with international offices in the Netherlands, Cyprus, and South Africa. It began operations in 2002.
Pros
- Serves individuals and businesses
- Headquarters in the UK, offices also in the Netherlands, Cyprus, and South Africa
- Get access to a currency broker
- Provides limit orders, stop loss orders, and forward contracts
- Lets you schedule transfers with ease
Cons
- Absence of a multilingual website
- Does not process cash transfers
OFX
OFX provides services to individuals, businesses, and online sellers. Previously, the company operated as OzForex, with other websites such as USForex, UKForex, CanadianForex, and NZForex under its umbrella. You can use the OFX website in English only. Headquartered in Sydney, the company also has offices in London, San Francisco, Hong Kong, Toronto, and Auckland. It began operations in 1998.
Pros
- Sign up as an individual, a business, or an online seller
- Australia-based, offices also in the UK, the U.S., Canada, New Zealand, and Hong Kong
- No fees for personal transfers when you send more than predetermined limits
- Provides scheduled transfers, limit orders, and forward contracts
- Provides local phone support in different countries
- Initiate your transfer online or over the phone
Cons
- Allows transfers of some currencies only over the phone
- Website access comes only in English
- Transfers only to bank accounts
WorldFirst
Depending on which WorldFirst website you use, you can register as an individual, a business, or an online seller. It operates dedicated websites for the UK, Australia, France, Japan, China, Singapore, and Hong Kong. Access to the company’s websites is offered in English, French, Japanese, and Chinese. This alternative to Currency Solutions has its headquarters in the UK, with offices also in Australia, Hong Kong, and Singapore. It began operations in 2004.
Pros
- Serves individuals, businesses, and online sellers
- Headquarters in the UK, offices also in the Netherlands, France, Australia, Hong Kong, Singapore, China, and Japan
- Dedicated multilingual websites for the UK, France, the Netherlands, Singapore, Hong Kong, Japan, China, and Australia
- The company applies a transparent pricing band over existing real/interbank exchange rates
- Get access to bank account details in different currencies through the World Account, and avoid paying currency conversion fees when using matching currency accounts to reconcile payments
- Link different World Account currency accounts with Xero easily
- Provides scheduled transfers and forward contracts
- Initiate transfers online or over the phone
Cons
- Cannot sign up as a customer from the U.S.
- Minimum transfer limits vary depending on where you live
- No cash transfers
CurrencyFair
CurrencyFair lets you register as an individual or a business. You can use its global website in English, French, and Polish. The CurrencyFair Exchange lets you bid for preferred exchange rates in advance, a feature that is unique to this company. Headquartered in Ireland, this Currency Solutions alternative also has offices in the U.S. and the UK. It began operations in 2009.
Pros
- Serves individuals and businesses
- Ireland-based, offices also in the UK and Australia
- Provides scheduled transfers
- Low minimum transfer amount of €8
- Accepts express deposits in European currencies
- Stand to get better rates by using the Exchange platform
- Website access in different languages
Cons
- You cannot sign up from all American states
- Absence of limit orders and forward contracts
- Personal transfers attract a flat €3 fee plus 0.35% of the transfer amount
Frontierpay
You can register with this Currency Solutions competitor as an individual or a business. The company operates a single website that you can use only in English. A significant advantage to this company is that every registered user has access to a personal dealer. UK-based Frontierpay (recently acquired by Ebury Partners) began operations in 2009, as the FX Firm.
Pros
- Serves individuals and businesses
- Gives all registered users access to personal managers
- Personal transfers are fee-free
- Provides hedging tools for all clients
- Transfer money online or over the phone
- Phone support through a UK-based number and a Singapore-based number
Cons
- Physical presence limits to the UK and Singapore
- You need to transfer at least £500
- No multilingual website
- No agent network
XE
XE (previously HiFX) provides services to individuals and businesses. It operates dedicated websites for Canada, the U.S., the UK, Australia, and New Zealand. You can use these websites in languages other than English. The company has offices in Canada, the U.S., the UK.. It began operations in 1993.
Pros
- Register as an individual or a business
- Headquartered in Canada, offices also in the UK and the U.S.
Dedicated websites for Canada, the UK, the U.S., Australia, and New Zealand - No fees for personal transfers
- Provides forward contracts
- Provides website access and customer service in different languages
Cons
- Does not let you schedule transfers
- No cash pickup centers
TorFX
You can use the services of this Currency Solutions competitor as an individual or a business. TorFX operates two websites. The UK-based site is for global customers, but the company launched a dedicated website for the Australian market in 2013. Access to both websites limits to English. The company has offices in the UK and Australia. It began operations in 2004.
Pros
- Serves individuals and businesses
- Personal transfers are fee-free
- Individual clients get to schedule transfers
- Business clients get to choose from different hedging alternatives
- Provides travel money solutions in the UK
Cons
- Physical presence outside of the UK limits to Australia
- Website access only in English
- No agent network
TransferWise
TransferWise offers services to individuals and businesses. This Currency Solutions alternative provides website access in English, Spanish, French, Italian, Portuguese, Russian, Hungarian, and Chinese. The company has its headquarters in the UK, along with offices in the U.S. and Estonia. It began operations in 2011.
Pros
- Sign up as an individual, a business, or an online seller
- Simplify the registration process by using your Facebook or Google account
- UK-based, offices also in the U.S., Ukraine, Estonia, Hungary, Australia, Singapore, and Japan
- Operates multilingual websites for the UK, Switzerland, Spain, Germany, Italy, France, the U.S., Canada, Brazil, Australia, New Zealand, Singapore, and Japan
- Send as little money as you like
- Use email addresses to send or receive money
- The Borderless Account gives you access to free receiving accounts in different currencies
- Provides local phone support in different countries
Cons
- Not all currency pairs supported by its peer-to-peer network
- Does not provide scheduled transfers, limit orders, or forward contracts
- The currencies being traded, the transfer amount, and the payment method may have an effect on transfer fees
- Transfers only to bank accounts
Azimo
This Currency Solutions alternative provides services to individuals and businesses. You can use the Azimo website in English, French, German, Polish, Italian, Portugal, Romanian, Russian, and Spanish. This UK-based company began operations in 2012.
Pros
- Provides services for individuals and businesses
- Allows transfers to bank accounts and physical locations
- Lets you top off mobile airtime and mobile wallets from different countries
- In some places, recipients can get home delivery of transferred funds
- Payment methods include bank transfers, debit cards, credit cards, and SOFORT
- Provides website access and email support in different languages
Cons
- Only office outside of the UK in Poland
- Accepts customers only from European countries
- Accepts payments only in European currencies
- Absence of scheduled transfers, market orders, and forward contracts
WorldRemit
Among the alternatives listed on this page, this is another one that provides services to individuals only. You can use the WorldRemit website in English, Spanish, and French. Headquartered in the UK, it also has offices in the U.S., Canada, Australia, New Zealand, and Japan. It began operations in 2010.
Pros
- Transfer money to bank accounts or agent locations
- Top off mobile wallets and mobile airtime from different countries
- UK-based, offices also in the U.S., Canada, Australia, New Zealand, and Japan
- Transfer any amount over £1
- Website access in different languages
- Local phone support provided in some countries
Cons
- Does not serve businesses
- The currencies involved, the transfer method, and the transfer amount may affect transfer fees
- Does not provide scheduled transfers, limit orders, or forward contracts
The Big Banks
When looking for Currency Solutions competitors, you will notice few banks making the cut. This is because most banks tend to charge relatively high fees and processing times can be lengthy. If you wish to find an alternative that is better than Currency Solutions, limiting your search to specialist fund transfer companies is best.
Learn More
- Watch video on How CurrencyFair Works.
- Learn more about CurrencyFair’s Auto Transaction and Exchange.
- Check out Frontierpay Currency Experts to learn more.
- Is PayPal a substitute for TransferWise? No. Find out why…
Currency Solutions Competitors Updates
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