- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
FC Exchange
- 9.7/10
- Online
phoneOne off transfers Regular transfers Forward Contracts - £0 / £10No fee for transfers over £10,000!
- 1 - 3 Days
- Feel free to call and discuss your needs with their very helpful brokers.
- £1,000 - £3,000For regular transfers, the minumum transfer can be reduced to £1,000. Give FC Exchange a call to discuss your individual needs.
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
FC Exchange or Currencies Direct – which of these companies provides a better overall fund transfer experience? There is no simple answer to this question, given the varied needs of people who transfer funds overseas. What works in favor of both companies is they serve as better alternatives when compared to most banks.
Both specialist fund transfer companies have served thousands of customers, many of whom have only good things to say about their experiences. On Trustpilot, the Currencies Direct vs. FC Exchange comparison shows that both companies get average scores of over 9 out of 10.
To find out if Currencies Direct or FC Exchange is better for you, paying attention to the details is crucial. This comparison is broken down into sections accordingly:
- Exchange Rates
- Fees
- Countries
- Ease of Use
- Security
- Regular Overseas Payments
- Coupons
International Money Exchange Rates
Unfavorable exchange rates offered by banks are turning an increasing number of people to specialist fund transfer companies. You can get bank-beating rates with either FC Exchange or Currencies Direct. However, to find out which company does better at any specific time, compare their rates shortly before your transfer.
FC Exchange
- Use the currency converter found on the FC Exchange website to check existing inter-bank rates.
- FC Exchange notifies you of the actual rate before you finalize your transfer.
- If you find a better rate elsewhere, you can use the FC Exchange Best Rate Guarantee.
- You can track exchange rate fluctuations by referring to live rate and charts provided by FC Exchange.
Currencies Direct
- The Currencies Direct website lets registered users view current exchange rates with ease.
- The website gives you easy means to track exchange rate fluctuations.
- You can sign up for free rate alerts.
Fund Transfer Fees
This section of the FC Exchange vs. Currencies Direct comparison favors the latter. However, remember that the exchange rate you get plays an equally important role in the money the recipient stands to receive.
FC Exchange
- How you pay for your transfer and the destination country affect the fees you have to pay.
- You find out about the fee FC Exchange charges in advance.
- In some instances, FC Exchange might not be able to inform you of the exact fees intermediaries charge.
- Check the FC Exchange review for additional information.
Currencies Direct
- Around 90% of all transfers processed by Currencies Direct do not attract any fees.
- If the company charges a fee, it notifies you in advance.
- Check the FAQs section on the Currencies Direct website for further details.
Countries
This section of the Currencies Direct vs. FC Exchange comparison rates both companies well. Both let you transfer funds in major and exotic currencies, to different countries the world over.
- Check the list of FC Exchange supported countries when you sign-up. Its list of supported currencies is available on their supported currencies page.
- Find out if Currencies Direct serves the country you wish to transfer funds to by reading this review.
Ease of Use
If you need website access in the foreign language, this FC Exchange vs. Currencies Direct comparison tilts the balance in favor of the latter. You can register with both companies in minutes, after which the company you sign up with verifies your details.
FC Exchange
- Access to the global FC Exchange website is only offered in English.
- You can register with FC Exchange as an individual or a business.
- The company lets you make transfers online and over the phone.
- Based upon its discretion, it might accept orders via fax or email.
- Payment methods offered depend on your country of residence.
Currencies Direct
- In addition to English, you can access the Currencies Direct website in Spanish, Portuguese, French, Italian, Dutch, Swedish, Norwegian, and Chinese.
- The company provides services to individuals, businesses, and online sellers.
- Depending on the country you reside in, you can pay via electronic bank transfers, direct debits, debit cards, and checks.
- Currencies Direct provides an app for iOS devices.
Security
Whether you use Currencies Direct or FC Exchange, the security of your funds is never a concern. Websites of both companies utilize high levels of encryption to safeguard online transmission of information. Both companies maintain client funds in segregated bank accounts.
FC Exchange
- FC Exchange is regulated by the UK Financial Conduct Authority (FCA) and the South African Financial Services Board (FSB).
- Its credit rating from Dun & Bradstreet is 1A2.
Currencies Direct
- Currencies Direct is regulated by the UK Financial Conduct Authority (FCA) and it adheres to the Bank of England Non-Investment Products Code.
- It has the highest credit rating accorded by Dun & Bradstreet.
Regular Overseas Payments
Setting up regular overseas payments is simple regardless of whether you pick FC Exchange or Currencies Direct.
Coupons
Promotional offers and special coupon codes can lead to extra savings when you use these companies. New offerings are updated in this section.
- If someone you refer to Currencies Direct uses its services to make an international fund transfer, the company gives you a £25 Amazon voucher.
- FC Exchange gives you the ability to earn Amazon Gift Certificates through its referral program.
Learn More
- Get a more in depth feel for CurrencyFair features.
- Is CurrencyFair’s competition up to the task?
- Learn more from Currencies Direct Review.
- Which company has better service, Currencies Direct or Azimo?
FC Exchange Vs Currencies Direct Updates
- 4th April 2017: FC Exchange no longer offering Online Seller features and has been removed from this comparison.
- 18th July 2017: New FC Exchange Logo updated.
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