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Home » Money Transfer Competitors » OzForex Competitors | Alternatives Compared

OzForex Competitors | Alternatives Compared

February 15, 2019 by iCompareFX Leave a Comment

OzForex Competitors graphic
OzForex Competitors – Who Are They and are then better than OZForex?

If you have come here looking for quality OzForex competitors or alternatives… you have come to the right place.  Skip below to have a look at their competition in the comparison tables.  The competition shown here are, at best, better than OzForex.  Or at worst, comparable to OzForex.

But first, a little background of OzForex.com.au or OFX.com.  OzForex is a well established global money transfer company.  Recently they have changed their brand name to OFX.com.  OFX.com has a new look and feel but with the same great service and features as OzForex.  They offer almost everything that an expat, global business or overseas investor will need in a global money transfer provider.  These include, spot quotes, forward contracts, regular money transfers, stop losses… the list goes on.  You can access their leading service online, on the phone or through their iOS and Android apps.

How do I choose?  Follow the steps below to find an alternative to OzForex.com.au.

  1. Choose a tab below that best describes your location.
  2. Browse and compare the best OzForex competitors in your region.
  3. Redeem coupon where appropriate.  Alternatively, visit the competitors website for more details.
  4. Create an account with your chosen alternative.  Start saving with global money transfers.

OzForex Competitor Comparison Tables

Australia / NZUKUSACanadaEurope

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

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

OFX (Aus / NZ)

OFX Orange logo text small 100x150
  • 9.1/10
  • Online
    Phone
    One off transfers Regular transfers
  • First 2 Transactions Free
  • Redeem Coupon
  • AUD$15
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • AUD$250
Visit Website

TorFX (Aus / NZ)

TorFX International Wire Transfer Logo 100x150
  • 9.5/10
  • Online
    Phone
    One off transfers Regular transfers Rate Watch Limit Orders Forward Contracts
  • NO FEES
  • Redeem Coupon
  • 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.
  • $100
    $2000 and over for phone assistance.
    $50 - $10,000 via the TorFX online.
Visit Website

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.2/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • NO FEES
  • Visit Website
  • NO FEES
    .
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

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

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

CurrencyFair

CurrencyFair Comparison Matrix Logo
  • 9.2/10
  • Online
    Phone Assistance
    One off transfers Regular transfers
  • 5 Transfers Fee Free!
    Your first FIVE 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

XE (Formerly HiFX)

XE Money Transfer Logo 100x150
  • 9.1/10
  • Online Only
    One off transfers Phone assistance available
  • Visit Website
  • XE.com transaction fees are contained within the exchange rate offered.
  • 1 - 5 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

WorldRemit

WR-Logo-100x150px3Optimised
  • 9.4/10
  • 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 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

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

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

OFX (UK)

OFX small orange logo text
  • 8.9/10
  • Online
    Phone
    One off transfers Regular transfers
  • NO FEES
  • Visit Website
  • NO FEES
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • £100
Visit Website

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.2/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • NO FEES
  • Visit Website
  • NO FEES
    .
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

TorFX (UK / Europe)

TorFX International Wire Transfer Logo 100x150
  • 9.5/10
  • Online
    Phone
    One off transfers Regular transfers Rate Watch Limit Orders Forward Contracts
  • NO FEES
  • Redeem Coupon
  • NO FEE
    They charge no fees on 90% of transactions. If fees apply you are informed upfront.
  • 1 - 3 Days
  • £50 / €100
    £2000 and over for phone assistance.
    £50 - £10,000 via the TorFX online.
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

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

CurrencyFair

CurrencyFair Comparison Matrix Logo
  • 9.2/10
  • Online
    Phone Assistance
    One off transfers Regular transfers
  • 5 Transfers Fee Free!
    Your first FIVE 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

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

FC Exchange

FC Exhange Money Transfer Provider logo
  • 9.7/10
  • Online
    phone
    One off transfers Regular transfers Forward Contracts
  • Visit Website
  • £0 / £10
    No fee for transfers over £10,000!
  • 1 - 3 Days
  • Feel free to call and discuss your needs with their very helpful brokers.
  • £1,000 - £3,000
    For regular transfers, the minumum transfer can be reduced to £1,000. Give FC Exchange a call to discuss your individual needs.
Visit Website

XE.com

XE Money Transfer Logo 100x150
  • 9.1/10
  • Online Only
    One off transfers Phone assistance available
  • NO FEES
  • Visit Website
  • NO FEES
    XE.com transaction fees are contained within the exchange rate offered.
  • 1 - 2 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

WorldRemit

WR-Logo-100x150px3Optimised
  • 9.4/10
  • 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 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

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

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

OFX (USA)

OFX small orange logo text
  • 8.9/10
  • Online
    Phone
    One off transfers Regular transfers Buy Now Transfer Later Set Target Rate FX Options
  • NO FEES
  • Visit Website
  • NO FEES
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • USD$250
Visit Website

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

XE.com

XE Money Transfer Logo 100x150
  • 9.1/10
  • Online Only
    One off transfers Phone assistance available
  • NO FEES
  • Visit Website
  • NO FEES
    XE.com transaction fees are contained within the exchange rate offered.
  • 1 - 2 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

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

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

OFX (Canada)

OFX small orange logo text
  • 8.9/10
  • Online
    Phone
    One off transfers Regular transfers
  • First 2 Transactions Free
  • Redeem Coupon
  • CAD$15
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • CAD$250
Visit Website

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.2/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • NO FEES
  • Visit Website
  • NO FEES
    .
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

CurrencyFair

CurrencyFair Comparison Matrix Logo
  • 9.1/10
  • Online
    Phone Assistance
    One off transfers Regular transfers
  • 5 Transfers Fee Free!
    Your first FIVE 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

WorldRemit

WR-Logo-100x150px3Optimised
  • 9.4/10
  • 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 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

XE.com

XE Money Transfer Logo 100x150
  • 9.1/10
  • Online Only
    One off transfers Phone assistance available
  • NO FEES
  • Visit Website
  • NO FEES
    XE.com transaction fees are contained within the exchange rate offered.
  • 1 - 2 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

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

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

OFX (Europe)

OFX small orange logo text
  • 9.1/10
  • Online
    Phone
    One off transfers Regular transfers

  • NO FEES
  • Visit Website
  • NO FEES
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • £100
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

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

TorFX (UK / Europe)

TorFX International Wire Transfer Logo 100x150
  • 9.5/10
  • Online
    Phone
    One off transfers Regular transfers Rate Watch Limit Orders Forward Contracts
  • NO FEES
  • Redeem Coupon
  • NO FEE
    They charge no fees on 90% of transactions. If fees apply you are informed upfront.
  • 1 - 3 Days
  • £50 / €100
    £2000 and over for phone assistance.
    £50 - £10,000 via the TorFX online.
Visit Website

CurrencyFair

CurrencyFair Comparison Matrix Logo
  • 9.2/10
  • Online
    Phone Assistance
    One off transfers Regular transfers
  • 5 Transfers Fee Free!
    Your first FIVE 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

WorldRemit

WR-Logo-100x150px3Optimised
  • 9.4/10
  • 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 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

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

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

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.2/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • NO FEES
  • Visit Website
  • NO FEES
    .
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

FC Exchange

FC Exhange Money Transfer Provider logo
  • 9.7/10
  • Online
    phone
    One off transfers Regular transfers Forward Contracts
  • Visit Website
  • £0 / £10
    No fee for transfers over £10,000!
  • 1 - 3 Days
  • Feel free to call and discuss your needs with their very helpful brokers.
  • £1,000 - £3,000
    For regular transfers, the minumum transfer can be reduced to £1,000. Give FC Exchange a call to discuss your individual needs.
Visit Website

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

XE.com

XE Money Transfer Logo 100x150
  • 9.1/10
  • Online Only
    One off transfers Phone assistance available
  • NO FEES
  • Visit Website
  • NO FEES
    XE.com transaction fees are contained within the exchange rate offered.
  • 1 - 2 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

OFX (Previously OzForex)

OzForex.com.au logo smallOzForex is one of the first providers offering massive savings for private individuals and businesses.  Established in 1999, OzForex has produced many country specific brands that you see in the comparison tables above.  OzForex is the Australian brand name.  They have recently re-branded in Australia to OFX.com.  Their global country brands are USForex, UKForex, NZForex, and CanadianForex.  OzForex will eventually re-branding all of the country brands to the single global money transfer provider, OFX.com.

OFX.com logo smallOzForex has transferred over $13 billion in 2014.  OFX / OzForex is a great competitor in the market.  They are a leader in their field and should be considered a top tier money transfer provider.  OzForex / OFX, and their country brands, can save you up to 85% on the international money transfer cost compared to the big banks.  Learn more about how OFX services and features can save you and your business money.  Redeem and activate two free transfers when signing up to OzForex, OFX or their country specific brands.

Pros

  • Provides services to individuals, businesses, and online sellers
  • Fee-free thresholds enable free personal transfers
  • Works in matching or beating its competitors’ rates
  • Initiate your transfer online or over the phone
  • Lets you schedule transfers
  • Provides forward contracts and limit orders
  • Offices in Australia, New Zealand, the U.S., the UK, and Hong Kong
  • Local phone support provided in different countries

Cons

  • You can deal in some currencies only over the phone
  • Transfers only to bank accounts
  • Website access only in English

CurrencyFair

CurrencyFair.com logo smallCurrencyFair is one of the first true peer to peer money transfer providers globally.  Established in 2010/2011 by three expats living in Dublin, Ireland.  CurrencyFair is a superior OzForex competitor and should be considered.  CurrencyFair has a unique feature and market ‘game changer’ called, The MarketPlace.  CurrencyFair’s MarketPlace can allow you to beat the inter-bank rate.  This is an incredible saving opportunity compared with it’s competition.  Learn more on CurrencyFair features and how it can save you time and effort sending money online.

For further savings with CurrencyFair, learn how to activate and redeem a first free transaction coupon for CurrencyFair.  There is also a CurrencyFair YouTube Video that can help you understand more.

CurrencyFair is on a massive push recently to extend their reach globally.  They have raised a further €8 million in private funding.  A true leader in the FinTech revolution.

Pros

  • Provides services to individuals and businesses
  • Lets you transfer as little as €8
  • Use the CurrencyFair MarketPlace to bid for preferred rates
  • Schedule transfers with ease
  • Offices in Ireland, the UK, and Australia
  • Website access in different languages

Cons

  • Transfer fees include 0.35% of the amount transferred plus €3
  • Does not provide forward contracts and limit orders
  • Registering as a customer from the U.S. is not allowed
  • Predominantly online – phone support could be better
  • Transfers only to bank accounts

TransferWise

TransferWise.com logo smallAnother FinTech legend in the money transfer space is TransferWise.  They are a privately run peer to peer transfer business determined to take on the big banks.  Their mission is proving successful by saving tens of thousands of people money world wide.

Established in early 2011 by two friends tired of giving their hard earned money to the bank when sending money home.  They decided to swap money from their local banks accounts in London and Estonia.  One of the founders is the original employee for Skype.  TransferWise is also backed by entrepreneur legend, Richard Branson.

TransferWise has a global reach and can compete with OzForex on the world stage of money transfers.  If you are look for a service better than OzForex, you should consider TransferWise or CurrencyFair for your global money transfer needs.  TransferWise has just recently set up shop in Australia.  This has helped Australians reduce their money transfer needs even more!

Learn how to signup to TransferWise.  Receive your first transaction fee free for TransferWise up to £3,000 or your currency equivalent.

Pros

  • Sign up using your Google, Facebook, or PayPal account
  • Lets you register as an individual or a business
  • No minimum transfer limit
  • Transfer funds between email addresses using the “send” and “receive” money options
  • Country-specific payment methods include bank transfers, direct debits, debit cards, credit cards, SOFORT, and POLI
  • The TransferWise Borderless account for businesses can lead to savings when transacting in over 15 currencies
  • Offices in the UK, the U.S., Hungary, Ukraine, Singapore, Japan, and Australia
  • Website access in different languages

Cons

  • Not all countries included in the peer-to-peer network
  • Transfer fees depend on the destination country, the amount being transferred, and the payment method
  • Does not allow scheduling of transfers
  • No forward contracts and limit orders
  • Carries out only bank account transfers

Currencies Direct

Currencies Direct international money transfer service logoMayank Patel and Peter Ellis founded Currencies Direct in 1996. Now, Corsair Capital and Palamon Capital Partners jointly own this company. This UK-based international payment provider and foreign currency broker provides a range of services to individuals, businesses and online sellers. Since inception, it has helped over 150,000 customers. It processes around $4.5 billion in currency transfers on an annual basis. Apart from the UK, Currencies Direct has offices in Europe, North America, the Middle East and Asia. Read more in the iCompareFX review of Currencies Direct.

Pros

  • Register as an individual, a business, or an online seller
  • Gives you access to an account manager
  • Scheduling transfers is simple
  • Provides forward contracts and limit orders
  • Offices in the UK, the U.S., Spain, Portugal, France, South Africa, India, and China
  • Website access in different languages
  • Travel money solutions provided in the UK

Cons

  • Registering as a customer from some American states is not allowed
  • Carries out only bank account transfers

TorFX

OForex alternatives logo for TorFX TorFX is a UK-based money transfer company that began operations in 2004. Since then, it has served around 55,000 customers. The company processes about £3 billion in overseas payments every year. It has offices in the UK, Europe, US, Australia and South Africa. While the original TorFX website is UK-based, it also has an Australian-based website now. Read more on TorFX and its features.

Pros

  • Register as an individual or a business
  • Aims to offer better rates than its competitors
  • No fees for personal transfers
  • Lets you schedule transfers
  • Provides forward contracts, limit orders, and stop loss orders
  • Travel money solutions provided in the UK

Cons

  • Offices only in the UK and Australia
  • Website access only in English
  • Carries out only bank account transfers

World First

World First Money Transfer LogoThis OZForex competitor has its headquarters in the UK, and offices in Singapore, Hong Kong, Australia and US. It began operations in 2004. While World First provides its services to individuals, businesses and online sellers, the same set of services are not available in all the countries it operates from. World First rates better than most money transfer websites on the language front, given that you can use it in English, French, Chinese and Japanese. Click through to the detailed World First review by iCompareFX.

Pros

  • Sign up as an individual, a business, or an online seller
  • Fee-free threshold limits enable free personal transfers
  • Unique offers created for individuals and businesses
  • Lets you schedule transfers
  • Offers forward contracts
  • Use the “World Account” to receive and pay bills in a number of currencies
  • Offices in the UK, the U.S., the Netherlands, Hong Kong, Singapore, and Japan
  • Local phone support provided in different countries
  • Multilingual website

Cons

  • Registering as a customer from the American states of Alabama and Nevada is not allowed
  • Where you reside and the desired mode of payment have a bearing on sending limits
  • Transfers only to bank accounts

XE

XE.com logo smallXE (Formerly HiFX) have account specialists available to help you with your transfer requirements. XE fee structure is quite straightforward with transactions fee free over £3,000 or $9,000.  When you sign up with XE you can receive your first transaction fee free!

The XE Group trade in 60 world currencies so you can transfer money to over 170 countries.  XE is high up on the list of OzForex alternatives that should be considered before you choose a provider.  To understand more about XE and their service, read this expert XE review.

Pros

  • Sign up as an individual or a business
  • Fee-free threshold limits
  • Transferring large sums can get you better than usual rates
  • Scheduling transfers is easy
  • Provides forward contracts
  • Offices in the UK, Spain, Australia, and New Zealand
  • Dedicated websites for residents of the UK, the U.S., Australia, and New Zealand

Cons

  • Website access only in English
  • No apps for mobile devices
  • Carries out transfers only to bank accounts

FrontierPay

FrontierPay logo smallBased in the UK, The FX Firm FrontierPay is a top provider of currency transfer and exchange.  When you signup you are assigned a personal account manager to ensure you receive the correct service.  The FrontierPay offers a more personalised experience.  They charge no fees on your transfers.  Learn more on how FrontierPay can help you.

Pros

  • Provides services to individuals and businesses
  • Get access to a personal manager
  • No fees for personal transfers
  • Initiate your transfer online or over the phone
  • Businesses get to select from different hedging tools such as forward contracts and market orders

Cons

  • No international offices, headquarters in the UK
  • Cannot transfer less than £500
  • Website access only in English
  • Only a UK-based number for phone support
  • Transfers only to bank accounts

Azimo

Azimo Money Transfer LogoWhere you live has a bearing on whether or not Azimo will work well for you. This company offers its services only to residents of countries in Europe as of now. Headquartered in the UK, this company also has an office in Poland. It operates dedicated websites for residents of France, Germany, Russia, Portugal, Romania, Poland, Spain, and Italy, access to which comes in local languages. Depending on where you live, you can pay for your transfer in different ways, which include debit and credit cards.

Pros

  • Transfer to a bank account or cash pick up location
  • Top up mobile wallets and airtime
  • Provides home delivery of transferred funds in some countries
  • Website access and email support in different European languages

Cons

  • Serves only individuals
  • Only residents of Europe can use its services to send money
  • Need to pay for your transfer in a European currency
  • No scheduled transfers
  • Does not provide forward contracts and limit orders
  • Transfer fees depend on the currencies being traded, the transfer amount, and the mode of transfer
  • Offices only in the UK and Poland

FC Exchange

FC Exchange Money Transfer LogoThis OzForex competitor began operations in 2005. FC Exchange has its headquarters in the UK. It also has offices in South Africa and Cyprus. Access to the UK-based FC Exchange website comes only in English. However, the dedicated website that the company operates for online sellers in China provides access in Chinese. Modes of payment vary according to the country of the transfer’s origin. Read more specific details on FC Exchange. 

Pros

  • Register as an individual or a business
  • Dedicated website for online sellers from China
  • Get access to a dedicated currency broker
  • Initiate your transfer online, over the phone, via email, or via fax
  • Lets you schedule transfers
  • Choose from forward contracts and market orders
  • Offices in the UK, South Africa, and Cyprus

Cons

  • Website access only in English
  • The cost of a transfer depends on the destination country and the payment method
  • Transfers only to bank accounts

WorldRemit

WorldRemit Money Transfer LogoThis OzForex competitor provides services to residents of 50 countries. Headquartered in the UK, it began operations in 2010. Since then, it has expanded and opened offices in the U.S., Canada, Australia, New Zealand, and Japan. WorldRemit accepts payments via electronic bank transfers, debit cards, and credit cards. Other the English, you can use its website in Spanish and French. Click here to read the complete WorldRemit review.

Pros

  • Transfer to a bank account or cash pick up location
  • Top up mobile wallets and airtime
  • Transfer as little as £1
  • Offices in the UK, the U.S., Canada, Australia, and New Zealand
  • Website access in different languages

Cons

  • Provides services only to individuals
  • Transfer fees depend on the currencies being traded, the transfer method, and the transfer amount
  • Sending limits vary according to where you live and the chosen transfer method
  • Cannot schedule transfers
  • Unavailability of forward contracts and limit orders
Go to top

Read More

  • Is CurrencyFair’s competition up to the task?
  • Should one consider TransferWise or are their better alternatives?
  • Do HiFX have adequate competition or is it all the same with a different name?
  • Can OzForex’s UKForex.co.uk brand keep up with it’s competition in the United Kingdom?

OzForex Competitors Updates

  • 22nd May 2016: Added Currencies Direct, TorFX and World First to the OzForex alternatives comparison tables.
  • 4th September 2016: Added Azimo and FC Exchange to the OzForex alternatives comparison tables.
  • 15th October 2016: FC Exchange and WorldRemit included in list of alternatives to OzForex.
  • 1st November 2016: Updated with new CurrencyFair website logo and added WorldRemit to the list of OzForex competitors.
  • 12th December 2016: USForex.com has been rebranded to OFX.com!
  • 15th January 2017: The FX Firm name changed to FrontierPay.
  • 21st February 2017: OFX UK is the new name for ukforex.co.uk
  • 7th June 2017: To improve user experience, Pro’s and Con’s for each provider were added.
  • 3rd July 2017: World First new logo updated.
  • 16th September 2017: Updated the new logo for Azimo.
  • 6th January 2018: New World First logo updated, Eliminated transfer fees and CurrencyFair’s fee free transfer change.
  • 2nd October 2018: Updated with new WorldRemit logo.
  • 4th December 2018: HiFX has rebranded to XE Money Transfer.
  • 15th February 2019: TorFX UK now offers an app for Android.
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