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Home » Money Transfer Comparison » Frontierpay Vs Currencies Direct – A Comparison That Tells You All You Need to Know

Frontierpay Vs Currencies Direct – A Comparison That Tells You All You Need to Know

November 1, 2019 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

FrontierPay

FrontierPay Global Money Transfer Logo 100x150
  • 9.7/10
  • Online
    Phone
    One off transfers Regular transfers
  • NO FEES
    No fees are charged on any transaction
  • Visit Website
  • NO FEE
  • 1 - 3 Days
  • $1,000
Visit Website

Currencies Direct

Currencies Direct Logo 100x150
  • 9.1/10
  • Online
    Phone
    One 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…
  • Visit Website
  • NO FEE
    They 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
Visit Website

FrontierPay Vs Currencies Direct - Comparison between overseas money transfer companies by iComapreFxChoosing between Frontierpay and Currencies Direct generally depends on the size of the transfer. However, while both companies offer noticeably better deals than most banks, your selection requires paying attention to other aspects as well. Is one better than the other? The answer can vary depending upon individual requirements.

The Currencies Direct vs. Frontierpay comparison on Trustpilot puts one company slightly ahead of the other. While Currencies Direct averages at 9.1 out of 10, Frontierpay score is slightly better, at 9.6 out of 10. Note that this does not mean Frontierpay is better for everyone who wishes to transfer funds overseas.

Picking Currencies Direct or Frontierpay requires that you address different factors, which is why this comparison is divided into multiple sections:

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

Foreign Currency Exchange Rates

Both specialist fund transfer companies offer substantially better rates than most leading banks. However, this aspect of Frontierpay vs. Currencies Direct comparison does not always result in a clear winner because of volatility in the exchange rates market.

Frontierpay

  • When transferring large sums, the rate decreases.
  • You can receive free rate quotes from Frontierpay (recently acquired by Ebury Partners) without registering as a customer.
  • If you want to transfer funds when a chosen currency exchange rate reaches a desired level, you can make use of the company’s rate watch service.

Currencies Direct

  • Checking current interbank rates is easy when you use the Currencies Direct currency converter.
  • As a registered user, you view actual exchange rates by logging into the Currencies Direct website.
  • You do not have to log into the website to view currency charts that give you access to historical exchange rates.
  • Signing up for rate alerts is simple and free of charge.

Worldwide Money Transfer Fees

Whether you choose Frontierpay or Currencies Direct should not depend on this aspect alone, given that the exchange rate affects the cost of the transfer as well. When compared to banks, using either of these companies can lead to savings in fees.

Frontierpay

  • International fund transfers made through Frontierpay do not attract any fees.

Currencies Direct

  • Up to 90% of the fund transfers this company processes do not attract any fees.
  • If you have to pay a fee, you will find out about it before finalizing your transfer.
  • For more information, refer to the FAQs on the Currencies Direct website.

Destination Countries for International Money Remittance

In this section of the Currencies Direct vs. Frontierpay comparison, little sets these two companies apart. Both companies deal in a myriad of major and exotic currencies, letting you transfer funds to a number of countries.

  • Read this review to check the list of countries that Frontierpay supports.
  • Find out which countries Currencies Direct supports by reading the Currencies Direct Review..

Ease of Use

Here you will find differences that can tilt the scale in favor of either company, depending on your needs. Registering with both companies is simple. You begin the process by submitting an online application, and the verification of your details will follow.

Frontierpay

  • Frontierpay lets customers transfer funds online and over the phone.
  • Once you register with the Frontierpay, the company gives you round-the-clock access to a personal dealer.
  • You get to choose from spot transfers and forward contracts.
  • Your personal dealer can provide you with live rates, 24/7.
  • You can access Frontierpay website only in English.
  • The company does not provide apps for mobile devices as of now.

Currencies Direct

  • Other than English, access to the Currencies Direct website is offered in Chinese, French, Italian, Norwegian, Portuguese, Spanish, and Swedish.
  • The company accepts payments in different ways, including debit cards, electronic bank transfers, checks, and direct debits.
  • Currencies Direct provides an app for iOS devices.

Security

You can select Currencies Direct or Frontierpay without worrying about the safety of your information or money. Websites of both fund transfer companies make use of high encryption levels to protect the transfer of information through the Internet. Your money remains in a segregated bank account until the chosen company processes your transfer.

Frontierpay

  • The UK Financial Conduct Authority (FCA) has authorized and regulates this company.
  • It is also regulated by Her Majesty’s Revenue and Customs (HMRC).

Currencies Direct

  • This UK-based company also comes under the purview of the FCA, and it follows the Bank of England Non-Investment Products Code.
  • It received the highest possible credit rating of Level 1 from Dun & Bradstreet.

Regular Overseas Payments

You can turn to Frontierpay or Currencies Direct to set up routine transfers according to your requirements.

Coupons

Saving additional money is possible if you make use of promotional offers provided by Currencies Direct and Frontierpay.

  • FrontierpayUse the No More Fees deal offered by Frontierpay.
  • If someone you refer to Currencies Direct uses its services to make an overseas fund transfer, you stand to get a £25 Amazon voucher.
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Learn More

  • Is CurrencyFair similar to TransferWise?
  • Learn how to redeem the exclusive UKForex voucher
  • Read more on UKForex’s features here.

Frontierpay Vs Currencies Direct Updates

  • 16th January 2017: The FX Firm has been renamed and re-branded to Frontierpay.
  • 1st November 2019: Updated to reflect Frontierpay’s acquisation by Ebury Partners.
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Filed Under: Money Transfer Comparison Tagged With: Compare Money Transfer, Currencies Direct, Fx Firm

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