If you have come here looking for quality OzForex competitors or alternatives, going through the page in its entirety might help. Skip below to have a look at their competition in the comparison tables. The competition shown here are, at best, better than OzForex, and, 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 you choose? Follow the steps below to find an alternative to OzForex.com.au.
- Compare fees and look at minimum transfer amount requirements
- Redeem coupon where appropriate. Alternatively, visit the competitors website for more details.
- Create an account with your chosen alternative. Start saving with global money transfers.
OzForex Competitor Comparison Tables
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
SendFX
- 9.6/10
- Online
Phone Assistance - NO FEESNo fees on personal transfers
- 1 day
- AUD $250
OFX
- 8.6/10
- Online
PhoneOne off transfers Regular transfers - First 2 Transactions Free
- $15 / €10 / £0
- 1 - 3 Days
- Their website is also responsive so it auto-scales to your screen size.
- £100 / €$250
CurrencyFair
- 9.3/10
- Online
Phone AssistanceOne off transfers Regular transfers - 10 Transfers Fee Free!
Your first Ten Transfers Fee Free! Learn more - €3Euro Equivalent. Learn more
- 1 - 2 DaysPriority 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.
- €8Euro Equivalent. Learn more
WorldFirst
- 9.2/10
- Online
PhoneOne off transfers Regular transfers Forward contracts Currency options - Real Exchange Rate Used
0.15% - 0.5%Fee is added to the real Exchange rate for transparent pricing.
Fee on top of inter-bank rate is based on total transfers for the year.
0.5% < £500k
0.25% < £5m
0.15% > £5m - 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1000 / €1000 / AUD$2000
OFX (Previously OzForex)
OzForex 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 rebranded to OFX.com. Their global country brands at one point included OzForex, USForex, UKForex, NZForex, and CanadianForex.
OzForex has transferred over $13 billion in 2014. OFX / OzForex is a great competitor in the market. It is a leader in this field and should be considered a top tier money transfer provider. OzForex / OFX 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 with OFX.
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
SendFX
Australia-based SendFX lets you register as an individual or a business. You may use the SendFX digital wallet to hold funds and transact in over 40 countries. If you live in Australia, you may look forward to fee-free personal transfers. Website access comes only in English.
Pros
- Serves individuals and businesses
- Fee-free transfers from Australia to more than 30 currencies
- Gives you the option of selecting same day transfers
- Provides forward contracts
- Business clients get access to dedicated account managers
- Soon to be launched Visa card
Cons
- Minimum transfer amount is AUD $250 (or its equivalent in another currency)
- No offices outside Australia
- No multilingual website
- No cash transfers
CurrencyFair
CurrencyFair 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 when compared with its competition. Learn more about CurrencyFair features and how this company can save you time and effort in 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
WorldFirst
This OZForex competitor has its headquarters in the UK, and offices in Singapore, Hong Kong and Australia. It began operations in 2004. While WorldFirst provides its services to individuals, businesses and online sellers, the same set of services are not available in all the countries it operates from. WorldFirst rates better than most money transfer websites on the language front, given that you can use it in English, French, Chinese and Japanese. Get more information by reading this detailed WorldFirst review.
Pros
- Sign up as an individual, a business, or an online seller
- The fee you pay comes in the form of a transparent margin that applies over existing interbank/real exchange rates
- Unique offers created for individuals and businesses
- Lets you schedule transfers
- Offers forward contracts
- With the “World Account,” you can receive and make payments in different currencies in a cost effective manner through unique region-specific account numbers
- Integrating the World Account with Xero is easy
- Offices in the UK, the Netherlands, Hong Kong, Singapore, and Japan
- Local phone support provided in different countries
- Multilingual website
Cons
- You cannot register as a customer from the U.S.
- Where you reside and the desired mode of payment have a bearing on sending limits
- Transfers only to bank accounts
TransferWise
Another FinTech legend in the money transfer space is TransferWise. This is a privately run peer-to-peer overseas money transfer business determined to take on the big banks. Its mission is proving successful, as it is saving tens of thousands of people money world wide.
This company was 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 among the first employees of Skype. TransferWise is 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 looking for a service that is 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 sign up with TransferWise. Receive your first transaction fee free for TransferWise up to £3,000 or your currency equivalent.
Pros
- Sign up using your Google or Facebook 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 and online sellers 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
Mayank 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
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 about 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
XE
XE is a Canada based company that has been around since 1993. It also has offices in the U.S. and the UK. XE merged with HiFX in 2019. XE Money Transfer operates dedicated websites for different countries. Personal transfers carried out through this company attract no fees. It also serves businesses. 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 its services, read this expert XE review.
Pros
- Sign up as an individual or a business
- Fee-free personal transfers
- Offices in Canada, the U.S., and the UK
- Dedicated websites for residents of the UK, the U.S., Canada, Australia, and New Zealand
- Provides limit orders
- Use the XE website and get customer service in different languages
Cons
- Carries out transfers only to bank accounts
- Does not provide scheduled transfers
Frontierpay
Based in the UK and recently acquired by Ebury Partners, Frontierpay is a top provider of currency transfer and exchange. When you sign up you are assigned a personal account manager to ensure you receive the correct service. Frontierpay offers a more personalised experience than most overseas money transfer companies. It charges no fees for your transfers. Learn more about 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
- Select from different hedging tools such as forward contracts and market orders
- Call a UK-based or Singapore-based number for phone support
Cons
- Only international office in Singapore, headquarters in the UK
- Cannot transfer less than £500
- Website access only in English
- Transfers only to bank accounts
Azimo
Where 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
Global Reach Group
This OzForex competitor began operations in 2002. Global Reach Group has its headquarters in the UK. It also has offices in South Africa, the Netherlands, and Cyprus. Access to the company’s website comes only in English. You may sign up as an individual or a business.
Pros
- Register as an individual or a business
- Get access to a currency specialist
- Lets you schedule transfers
- Choose from forward contracts, limit orders, and stop loss orders
- Offices in the UK, South Africa, the Netherlands, and Cyprus
Cons
- Website access only in English
- Transfers only to bank accounts
WorldRemit
This 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. Find out more in this 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
Read More
- Is CurrencyFair’s competition up to the task?
- Should one consider TransferWise or are there better alternatives?
- Does 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?
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