Currencies Direct Logo

Currencies Direct

This Skrill competitor is one of the oldest players in the field. Currencies Direct began operations out of the UK, in 1996. Now, it has offices in US, France, Portugal, Spain, India and South Africa; and operations in Ireland, Scandinavia and Malta. This alternative to Skrill offers its services to individuals, businesses and online sellers.

Pros

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Open an individual, a business or an online seller account
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Get access to an account manager
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Allows scheduling of transfers
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Lets you choose from spot orders, limit orders and forward contracts
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Headquartered in the UK, offices also in China, France, India, Portugal, South Africa, Spain and the U.S.
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Website access in English, Chinese, French, Italian, Norwegian, Portuguese, Spanish and Swedish
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Provides local phone support in some countries
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Offers travel money solutions in the UK

Cons

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Transfers only to bank accounts

Global Reach Group Logo

Global Reach Group

Global Reach Group first started in 2002. Since then, this company has witnessed considerable growth. This alternative to Skrill has its headquarters in the UK, and offices also in the Netherlands, Cyprus and South Africa. Setting up regular transfers through Global Reach Group is easy. Access to the company’s website comes only in English.

Pros

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Sign up as an individual or a business
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Get access to a currency specialist
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Schedule transfers easily
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Choose from forward contracts, stop loss orders and limit orders
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Headquarters in the UK, offices also in the Netherlands, South Africa and Cyprus

Cons

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Transfers only to bank accounts
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Website available only in English

TorFX Logo

TorFX

TorFX is another alternative to Skrill that offers better exchange rates than banks. You can use its services as an individual or a business. This UK-based money transfer company has been around since 2004. While the UK-based website has been operational since its inception, its Australian website only started in 2013. Other than the UK and Australia, this money transfer company has offices in Europe, US and South Africa. Check this page for more information about TorFX.

Pros

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Register as an individual or a business
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Aims to offer better rates than its competitors
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No fees for personal transfers
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Easy to schedule transfers
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Lets you choose from spot orders, limit orders, stop loss orders and forward contracts
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Offers travel money solutions in the UK

Cons

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Transfers only to bank accounts
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Headquarters in the UK and one office in Australia
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No multilingual website

OFX Logo

OFX

This money transfer company operated as OZForex until 2015. When it began operations in 1998, it was no more than a foreign exchange information-only website. The OFX group previously comprised of international money transfer websites such as UKForex, USForex, NZForex, and CanadianForex. They all operate as OFX now. This company continues to have its headquarters in Australia, and also has offices in New Zealand, US, Canada, the UK and Hong Kong. It offers services to individuals and businesses.

Pros

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Sign up as an individual, a business or an online seller
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Tries to offer rates that match or beat those offered by its competitors
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Pay no fees by transferring more than predetermined threshold limits
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Transfer funds online or over the phone
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Scheduling transfers is simple
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Choose from spot orders, market orders and forward contracts
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Headquarters in Australia, offices also in Hong Kong, New Zealand, the UK and the U.S.
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Provides local phone support in some countries

Cons

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