iCompareFX

  • Global Money Transfers
    • Personal Money Transfer
    • Business Money Transfer
    • Why Specialists?
  • Online Sellers
  • Reviews
    • Azimo
    • CurrencyFair
    • Currencies Direct
    • Currency Solutions
    • FC Exchange
    • FrontierPay
    • OFX
    • PayPal
    • Skrill
    • TorFX
    • TransferWise
    • Travelex
    • WorldFirst
    • WorldRemit
    • XE
    • XOOM
  • Comparison
  • Blog
  • About
    • Contact Us
Home » Money Transfer Comparison » There is More Than One InstaReM Competitor You Need to Know About

There is More Than One InstaReM Competitor You Need to Know About

November 22, 2019 By iCompareFX Leave a Comment

Compare InstaRem with CompetitorsHeadquartered in Singapore, InstaReM provides international remittance services to individuals and businesses from Australia, Singapore, and Hong Kong, letting them transfer funds to more than 25 countries. However, if you are in region that InstaReM does not support then you may need to search for an InstaReM alternative.

While a particular alternative to InstaReM may work well for someone, it is not necessary that you will benefit by using the same company. After all, a number of factors are at play when sending money across borders. For instance, only a few leading international money transfer companies offer their services to customers from the world over.

Use the table below to narrow down on a suitable InstaReM competitor.

  • Look at accepted payment methods.
  • Determine if you meet minimum transfer requirements
  • Establish how much you will pay as fees
  • Make a selection

InstaReM Competitor Comparison Table

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

InstaReM

InstaReM Logo 150x100px
  • 7.7/10
  • Online
  • $20 Free! Use XMAS10
    XMAS10 is a coupon code. Not a referral code. Use XMAS10 when you initate your first two transfers over US$500 or equivalent.
  • Redeem Coupon
  • 0.25%-1%
    Fees will depend on where you are sending to. InstaReM charge a transfer fee of 0.5% in Australia and Hong Kong, and 0.25% in Singapore
  • 1 - 3 Days
  • $50
Visit Website

WorldRemit

WR-Logo-100x150px3Optimised
  • 9.2/10
  • Online Only
    One off transfers Phone assistance available
  • First 3 Transfers Fee Free.
    Your first overseas transfer Fee Free! Learn more
  • Redeem Coupon
  • $3 - 4
    For example. Sending €10,000
    from Australia would incur
    €50 fee + 4-5% exchange
    rate fee on top of market rates.
  • 1 - 3 Business Days
  • Regular payments to PayPal registered merchants is possible.
    Regular payments to family or friends PayPal accounts is not currently possible.
  • Their website is responsive so it auto-scales to your screen size.
  • €/£/$1
Visit Website

CurrencyFair

CurrencyFair Comparison Matrix Logo
  • 9.2/10
  • Online
    Phone Assistance
    One off transfers Regular transfers
  • 10 Transfers Fee Free!
    Your first Ten Transfers Fee Free! Learn more
  • Redeem Coupon
  • €3
    Euro Equivalent. Learn more
  • 1 - 2 Days
    Priority 1-Day transfers are available at extra cost

    NEW Automatic QuickTrade feature could take as little as 1 hour!
  • Their website is also responsive so it auto-scales to your screen size.
  • €8
    Euro Equivalent. Learn more
Visit Website

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • Visit Website
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

InstaReM

OFX.com logo 100x100InstaReM is a Singapore-based overseas money transfer company that was founded in 2014. It lets you register as a customer from the U.S., the UK, any Eurozone country, India, Australia, Singapore, Malaysia, or Hong Kong. You may sign up as an individual or a business. The company has offices in different countries.

Pros

  • Serves individuals and businesses
  • Headquarters in Singapore, offices also in Australia, Malaysia, India, Hong Kong, Lithuania, the UK, and the U.S.
  • Send any amount over $50
  • Get mid-market rates for transfers carried out during business hours

Cons

  • Transfer fees vary depending on where you live
  • No multilingual website

WorldRemit

WorldRemit logo 100x100This alternative to InstaReM has its headquarters in the UK, with offices also in the U.S., Canada, Australia, New Zealand, and Japan. You may use the WorldRemit website in different languages. The company lets you pay for your transfer using a credit card. Recipients may collect transferred funds from cash pickup locations. This company serves only individuals.

Pros

  • Low minimum transfer amount of £1
  • Headquarters in the UK, offices also in the U.S., Canada, Japan, Australia, and New Zealand
  • Website access in different languages
  • Local phone assistance provided in different countries
  • Transfer funds to bank accounts or cash pickup locations
  • Top off mobile airtime and mobile wallets

Cons

  • Does not serve business clients
  • Your country of residence and the transfer method you choose may have a bearing on sending limits
  • Transfer fees depend on the amount you want to transfer, the transfer method, and the destination country
  • No forward contracts, limit orders, or scheduled transfers

CurrencyFair

CurrencyFair logo 100x100Ireland-based CurrencyFair began operations in 2009. It also has offices in the UK and Australia. The CurrencyFair peer-to-peer Exchange platform lets you bid for preferred exchange rates. You may register with this InstaReM competitor as an individual or a business.

Pros

  • Register as an individual or a business
  • Headquarters in Ireland, offices also in the UK and Australia
  • Transfer as little as €8
  • Website access in different languages
  • Bid for preferred rates using the Exchange platform
  • Schedule transfers according to your needs

Cons

  • Services not available in all American states
  • Charges 0.35% of the transfer amount plus €3 as fees
  • No limit orders and forward contracts
  • No cash pickup centers

TransferWise

TransferWise logo 100x100TransferWise has been in business since 2011. This UK-based alternative to InstaReM traces its roots to Estonia and has offices in several countries. It operates a multilingual website. With the TransferWise Borderless Account, you may receive payments and hold funds in up to 27 currencies. The company accepts payments via credit cards from residents of some countries. It serves individuals and businesses.

Pros

  • Provides services to individuals and businesses
  • Register using your Google or Facebook account
  • Dedicated websites for the U.S., Canada, the UK, Spain, France, Switzerland, Germany, Italy, Brazil, Australia, New Zealand, Singapore, and Japan
  • Headquarters in the UK, offices also in the U.S., Estonia, Ukraine, Hungary, Australia, Singapore, and Japan
  • Website access in various languages
  • Provides local phone support in different countries
  • Transfer as little as you want
  • Use email addresses to send and receive funds
  • Use the Borderless Account to hold funds in multiple currencies

Cons

  • Its peer-to-peer network does not include all countries
  • Transfer fees depend on the transfer amount, the transfer method, and the destination country
  • No forward contracts, limit orders, or scheduled transfers
  • No cash pickup centers

OFX

OFX.com logo 100x100Headquartered in Australia, this InstaReM alternative began operations in 1998, as OzForex. It rebranded itself as OFX in 2015. The company has offices in New Zealand, the U.S., Canada, the UK, and Hong Kong. Access to the OFX website comes only in English. It lets you register as an individual, a business, or an online seller.

Pros

  • Provides services to individuals, businesses, and online sellers
  • Dedicated websites for Australia, the U.S., and the UK
  • Headquarters in Australia, offices also in New Zealand, the U.S., Canada, the UK, and Hong Kong
  • Provides local phone support in various countries
  • Fee-free thresholds make way for free personal transfers
  • Send funds online or over the phone
  • Choose from forward contracts, limit orders, and scheduled transfers

Cons

  • Lets you trade some currencies only over the phone
  • Website access only in English
  • No cash pickup centers

Currencies Direct

Currencies Direct - An InstaRem CompetitorCurrencies Direct is a UK-based company with offices also in the U.S., Spain, France, Portugal, India, and South Africa. It is the oldest InstaReM alternative on this list, having begun operations in 1996. The company provides website access in different languages. It offers services to individuals, businesses, and online sellers.

Pros

  • Register as an individual, a business, or an online seller
  • Provides services to residents of most countries
  • UK-based, with offices also in the U.S., Spain, France, Portugal, India, and South Africa
  • Website access in different languages
  • Provides local phone support in various countries
  • Offers travel money solutions in the UK
  • Lets you choose from forward contracts, limit orders, and scheduled transfers

Cons

  • Services not available in all American states
  • No cash pickup centers

XE

XE logo 100x100This Canada-based alternative to InstaReM began operations in 1993. It also has offices in the U.S. and the UK. XE (formerly HiFX) operates dedicated websites for the U.S., Canada, the UK, Australia, and New Zealand. Website access comes in different languages. This company lets you register as an individual or a business.

Pros

  • Sign up as an individual or a business
  • Headquarters in Canada, offices also in the U.S. and the UK
  • Dedicated websites for the U.S., Canada, the UK, Australia, and New Zealand
  • Multilingual website
  • Personal transfers attract no fees
  • Provides limit orders
  • Get customer service in English, French, or Spanish

Cons

  • No cash pickup centers
  • No scheduled transfers

TorFX

TorFX logo 100x100This UK-based InstaReM competitor with a physical presence in Australia began operations in 2004. It launched a dedicated website for the Australian market in 2013. However, you may use both its websites only in English. TorFX provides services to individuals and businesses.

Pros

  • Serves individuals and businesses
  • Personal transfers come with no fees
  • Provides travel money solutions in the UK
  • Choose from forward contracts, limit orders, stop loss orders, and scheduled transfers

Cons

  • Offices only in the UK and Australia
  • Website access only in English
  • No cash pickup centers

WorldFirst

World First logo 100x100WorldFirst began operations in 2004. Headquartered in the UK, this alternative to InstaReM also has offices in Hong Kong, Singapore, and Australia. It operates dedicated websites for the UK, Australia, France, China, Japan, Hong Kong, and Singapore. You may access some of these websites in local languages. The company offers services to individuals, businesses, and online sellers.

Pros

  • Register as an individual, a business, or an online seller
  • Dedicated websites for the UK, France, the Netherlands, Hong Kong, Singapore, China, Japan, and Australia
  • Headquarters in the UK, offices also in the Netherlands, Hong Kong, Singapore, and Japan
  • Website access in different languages
  • Applies a nominal and transparent pricing band over existing real/interbank exchange rates
  • Transfer funds online or over the phone
  • Provides forward contracts and scheduled transfers
  • Save on currency conversion fees by using different currency accounts provided through the World Account
  • Connect the World Account with Xero if required

Cons

  • WorldFirst does not let you send money from the U.S.
  • Need to transfer more than preset minimum limits
  • No cash pickup centers

Global Reach Group

Global Reach Group - An InstaRem CompetitorGlobal Reach Group is a UK-based company with offices also in the Netherlands, South Africa, and Cyprus. This InstaReM alternative has been around since 2002. It serves individuals and businesses. Website access comes only in English.

Pros

  • Provides services for individuals and businesses
  • Headquarters in the UK, offices also in Cyprus, the Netherlands, and South Africa
  • Choose from limit orders, stop loss orders, and forward contracts
  • Schedule transfers easily
  • Get access to a currency specialist upon signing up

Cons

  • Access to website only in English
  • No cash pickup centers

Frontierpay

FrontierPay logo 100x100UK-based Frontierpay (recently acquired by Ebury Partners) has been around since 2009. It has an international office in Singapore. This InstaReM competitor gives all its customers access to personal dealers. Website access comes only in English. You may register as an individual or a business.

Pros

  • Serves individuals and businesses
  • Personal transfers are fee-free
  • All customers get access to personal dealers
  • Transfer funds online or over the phone
  • You may choose from market orders and forward contracts
  • Provides local phone support in the UK and Singapore

Cons

  • Headquartered in the UK, only international office in Singapore
  • Website access only in English
  • Minimum transfer amount is £500
  • No cash pickup centers

Azimo

Azimo logo 100x100Headquartered in the UK, Azimo also has an office in Poland. It entered the international money transfer market in 2012. You may pay for your transfer using a credit card. The company lets you send money to cash pickup centers. It operates a multilingual website. This InstaReM alternative does not serve businesses.

Pros

  • Website access in different languages
  • Provides email support in multiple languages
  • Depending on the destination country, available transfer methods include transfers to bank accounts, cash pickup locations, mobile wallets, and mobile airtime, as well as home delivery of funds

Cons

  • Serves only individuals
  • Only residents of Europe may register as customers
  • Only office outside of the UK is in Poland
  • Accepts payments only in European currencies
  • Transfer fees depend on the amount transferred, the transfer method, and the destination country
  • Does not provide limit orders, forward contracts, or scheduled transfers

Banks

You’ll have a hard time trying to find a bank that is better than InstaReM when it comes to sending money from one country to another. Banks are known for the typically steep fees they charge and the exchange rates they offer often leave room for improvement. Besides, they don’t rate well with turnaround times as well. If you need a quick and cost-effective way to make a cross-border remittance, it is best that you limit your search to specialist fund transfer companies.

Go to top

Learn More

  • Find MoneyGram alternatives.
  • Is TransferWise similar to HiFX?
  • Who is similar to Payoneer?

InstaReM Competitors Updates

  • 6th January 2018: WorldFirst updated its new logo, No Fees and CurrencyFair’s fee free transfer change.
  • 2nd October 2018: WorldRemit made an update to its logo.
  • 4th December 2018: HiFX join forces with XE.
  • 30th January 2019: Updated with InstaRem’s pros and cons.
  • 15th February 2019: TorFX UK now offers an app for Android.
  • 3rd March 2019: WorldFirst cease supporting USA business and personal customers on 20th November.
  • 14th March 2019: XE.com pros and cons updated.
  • 8th August 2019: Updated with new XE logo.
  • 12th August 2019: Updated WorldFirst with new logo.
  • 18th August 2019: Removed FC Exchange as this is the old name for Global Reach Group after a brand merger.
  • 1st October 2019: Money transfer provider logo updates
  • 9th November 2019: Ebury Partners is the new Frontierpay.
  • 22nd November 2019: Update to highlight Xero integration with World Account
Show more
Show less

Related Posts:

  • Review and Compare International Money Transfer
  • Which Pangea Money Transfer Alternative is Best For You?
  • OzForex Competitors | Alternatives Compared
  • Compare Skrill Competitors and Alternatives
  • XE Competitors and Alternatives | Compared
  • iCompareFX | Best Expat Blog of 2017 Awards
  • WorldFirst Competitors and Alternatives | Compared
  • Are You Looking for a Midpoint Money Transfer Competitor?
  • FC Exchange Competitors and Alternatives | Compared
  • OFX Competitors | What If You Don't Want to OFX It?

Filed Under: Money Transfer Comparison Tagged With: Global Money Transfer, Review Money Transfer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

iCompareFX.com Sidebar Graphic

Search Articles…

Exclusive Coupons
CurrencyFair: 10 Fee Free Transfers

WorldRemit: 3 Free Transfers

InstaReM: $20 Off Your First 2 Transfers

Payoneer: $50 Coupon!

Top 5 Trending Articles
1. OFX Review

2. TorFX Review

3. TransferWise Vs CurrencyFair

4. WorldFirst Vs TransferWise

5. Western Union Competitors

Top Transfer Reviews
OFX (Formerly OzForex)
WorldFirst
WorldRemit
CurrencyFair
TransferWise
Currencies Direct
XE Money Transfer
SendFX
TorFX
Frontierpay
InstaRem
Azimo Money Transfer
FC Exchange
XOOM
Currency Solutions
MoneyCorp
RationalFX
Ria
FairFX
OrbitRemit
EasyFX
TransferMate
MoneyGram
Western Union
XendPay
HiFX
OzForex
USForex
UKForex
CanadianForex
NZForex
Payoneer
Monzo
FlashFX
TransferGo
Global Reach
Remitly

Country Guides

Australian Flag for Money Transfer Country Guide Australia
Indian Flag for Money Transfer Country Guide India
Nigerian Flag for Money Transfer Country Guide Nigeria
Filipino Flag for Money Transfer Country Guide Philippines
Switzerland Flag for Money Transfer Country Guide Switzerland
British Flag for Money Transfer Country Guide United Kingdom

More Guides…

Currency Pairs Guides

USD-INR currency pairs USD-INR
GBP-EUR currency pair GBP-EUR
AUD-INR currency pair AUD-INR

More Guides…

Guides & FAQs

Sending money from PayPal to Transferwise


A guide to receiving international payments


How do same day overseas money transfers work


A guide to minimizing foreign exchange risk


More guides…

Recent Posts…

  • Review and Compare International Money Transfer
  • Which Pangea Money Transfer Alternative is Best For You?
  • OzForex Competitors | Alternatives Compared
  • Compare Skrill Competitors and Alternatives
  • XE Competitors and Alternatives | Compared
  • iCompareFX | Best Expat Blog of 2017 Awards
  • WorldFirst Competitors and Alternatives | Compared
  • Are You Looking for a Midpoint Money Transfer Competitor?
  • FC Exchange Competitors and Alternatives | Compared
  • OFX Competitors | What If You Don't Want to OFX It?

Best Expat Blog Awards 2017

iCompareFX.com Expat Blog Award 2017

Related Posts

  • Review and Compare International Money Transfer
  • Which Pangea Money Transfer Alternative is Best For You?
  • OzForex Competitors | Alternatives Compared
  • Compare Skrill Competitors and Alternatives
  • XE Competitors and Alternatives | Compared
  • iCompareFX | Best Expat Blog of 2017 Awards
  • WorldFirst Competitors and Alternatives | Compared
  • Are You Looking for a Midpoint Money Transfer Competitor?
  • FC Exchange Competitors and Alternatives | Compared
  • OFX Competitors | What If You Don't Want to OFX It?

iCompareFX.com is Social!

iCompareFX.com Money Transfer Review Apps

Apple App Store Badge for iCompareFX iOS AppGoogle Play Badge for iCompareFX Android App

DMCA.com Protection Status

Recent Comments

  • iCompareFX on Western Union Competitors and Alternatives | Compared
  • Buzzer Joseph on Western Union Competitors and Alternatives | Compared
  • iCompareFX on Revolut Vs Monese | Is One Better Than the Other When Sending Money Overseas?
  • iCompareFX on How to Send Money from PayPal to TransferWise
  • Stephen Cobb on How to Send Money from PayPal to TransferWise

By using this website, you agree to be bound by our Terms and Conditions and to our full disclaimer and is summarised below.

This website provides an information service. Nothing on it constitutes professional advice. We show you a range of products & services but search results may not compare all features relevant to you. We make no warranties or representations about the accuracy or completeness of the information we provide. We disclaim liability to the maximum extent permitted by law. Buying and selling foreign currencies is risky. You assume all risks and are responsible for conducting your own due diligence. When we provide information, we are not recommending that you use a particular product or service. If you conduct foreign exchange you will deal directly with a financial institution and not with us. You should confirm rates and product information with the relevant institution before conducting any transaction. We may receive fees or other benefits through this website and may receive remuneration for vendor referral links. The information on this website is subject to copyright and may not be reproduced in any form without our express written consent.
Terms of Service | Disclaimer | Privacy Policy Statement | Facebook | Twitter @iCompareFX

  • Global Money Transfers
  • Online Sellers
  • Reviews
  • Comparison
  • Blog
  • About