FrontierPay Vs Currencies Direct | Comparison between Money Transfer Companies

User Rating
TrustPilot or Feefo User Ratings
Transfer Type
Coupon
Fee
Speed
Regular Payments
Mobile App
Min Transfer Amount

FrontierPay

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

Currencies Direct

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

Choosing between FrontierPay (previously known as The FX Firm) 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 I am dividing this comparison 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 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

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

The fees this company charges depends on the amount you wish to transfer, as well as the destination country.
FrontierPay makes a disclosure of the fees it charges prior to the transfer.

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.

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.

Click here 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.
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.