USForex Review

If you need to make a European money transfer from the US, send money to Canada from the US or to over 47 other countries.. USForex.com may just be the global money transfers company for you.  Unlike other USForex Reviews, this one is quite comprehensive.  If you have any questions or comments, I would love to hear from you in the comments below.

At a Glance

•    User Rating 

  TrustPilot User Ratings
•    Transfer Type
•    Coupon
• 
  
•    Fee
•    Speed
•    Regular Payments
•    Mobile App
•    Min Transfer Amount

OFX (USA)

• 9.2/10
• Online
  Phone

  One off transfers Regular transfers Buy Now Transfer Later Set Target Rate FX Options
• First 2 Transactions Free
• Redeem Coupon
• US$5
• 1 - 3 Days
• Their website is also responsive so it auto-scales to your screen size.
• USD$250

Visit Website

Background

USForex is a subsidiary of OzForex, the leading Australian International Money Transfers company.  Founded in 1998, it provides foreign exchange services to customers worldwide. With over 180,000 customers, offices in Sydney – Auckland – London – Hong Kong – Toronto, and over $13 billion transferred every year…  These guys are well established.
The OzForex group have brands specific to different markets.  Their group contains UKForex, USForex, CanadianForex, NZForex, Transzfers (Small Money Transfers) and ClearFX.   Through USForex, you can transfer to and from the USA to more than 47 countries worldwide.
If you reside in the US, UK, NZ, Australia or Canada you need to register through their country specific brand name.  For example, if you reside in the USA you should register with USForex.  In the UK?  UKForex etc etc.  If you are a US citizen but reside in Australia, you should register through OzForex.  If you don’t reside in any of those countries feel free to signup with OzForex.

Account Setup

Signing up is a simple, straightforward, 4 step process:

1. Follow this link to activate and redeem your 2 Free Transfers! Then choose your country of residence and enter your email.
2. Input some info on the currencies you are transferring.
3. Enter some personal info.
4. You may get a call from USForex to confirm your registration and activate your account.

USForex and iCompareFX have teamed up to give you an exclusive offer of 2 FREE TRANSFERS when you signup here.  This link will work on your phone or tablet and the desktop.  If you are signing up for business, click the business option and fill out the simple form.  If you signup through any of these links and don’t get 2 free transfers, send me an email with your USForex username and I will follow this up for you personally – hello (at) icomparefx (dot) com.

Transaction Fees

USForex have set fee depending on the currency being converted.  Transactions are fee free over a certain amount.  The table below gives you the current breakdown of fees, fee threshold and associated currency.  For example, $5 fee but free over $5,000.  For an updated list, go to the USForex Fees webpage.

If you are going to use USForex for regular transactions, I would recommend you call to discuss your requirements to see if you can agree better exchange rate.

Features

USForex have a range of useful services.  I have listed out most of them below with some links to their website to learn more.

• Global presence with offices in six countries.
• Transfer money to 47 countries.  All major currencies included.
• Fast transfer.  On average 1-2 days.  Learn more here.
• Rate Alerts – Pick a rate you want to buy or sell your currency and get notified by email of SMS!
• Rate Charts.  You can check out historical rates.
• Regular transfers service.  Automate sending money overseas for your pension or mortgage.
• Limit orders.  Set your preferred rate and exchange only when the rate can be matched.
• Forward contracts.
• Market Commentary newsletter. Sign up below!
• Mobile friendly website.
• Business and Personal accounts.
• Personal Service – Speak to Real People 24Hrs day 5 days a week.

What They Don’t Offer

• Money transfers under $250. (Try Tranzfers or TransferWise for small values)
• Accept cash or credit card payment.  You must use local bank transfer.
• Speculative trading.

Ease of Use

Once you have registered your account, it is extremely straightforward to transfer money globally.  There is a simple Online 3 Step Wizard to follow:

1. Choose the amount to send.
2. Enter in beneficiary details (this is saved for later use).
3. Transfer cash locally to USForex.

This simple process can allow you to transfer money internationally in minutes!  With their mobile enabled website you can also do this anywhere.  Every step of the way you receive feedback by email.

If you are more comfortable talking on the phone, you can call USForex to arrange your global money transfer.

Check out this video on their simple transfer process.

Security

During the research for some finer details of this USForex review , it becomes quite apparent that this is a well established organisation that is serious about the security of your money:

• ASX listed and well funded
• Heavily regulated by Australian Securities and Investment Commission (ASIC)
• 2048 bit SSL secured website
• Proven track record since 1998 with close to 600,000 transfers in 2014.

Read more about how USForex is serious about the safety of your money.

Customer Service

USForex takes customer service seriously.  Customer reviews on ProductReview.com.au have rated their parent company, OzForex, 4.4 / 5.  You will see that anyone that has had a less than satisfactory experience is followed up with by USForex to ensure that their complaint is dealt with.  This is quite impressive as not all companies tend to follow up on customer experience.

Read More

• Learn how to redeem and activate your OzForex Coupon here.
• USForex is OzForex USA?
• What is USForex Canada?

USForex Review Updates