OFX Logo

OFX

OFX is an Australia based money transfer company that began operations in 1998. Until 2015, it operated as OzForex. With close to two decades of experience, this WorldRemit alternative has transferred over $100 billion in different currencies. 

Other than Australia, the company has offices in the UK, the U.S., Canada, Hong Kong and New Zealand. Get more in-depth information in the iCompareFX OFX  review.

Pros

Remove Circle Icon
Provides services to individuals, businesses and online sellers
Remove Circle Icon
Tries to offer similar or better rates than its competitors
Remove Circle Icon
Headquarters in Australia – offices also in the UK, the U.S., New Zealand and Hong Kong
Remove Circle Icon
Local phone assistance provided in different countries
Remove Circle Icon
Schedule transfers easily
Remove Circle Icon
Choose from market orders and forward contracts
Remove Circle Icon
With the OFX Global Currency Account, you get access to bank accounts in USD, CAD, EUR, GBP, HKD and AUD
Remove Circle Icon
Transfer funds online or over the phone

Cons

Remove Circle Icon
Website available only in English
Remove Circle Icon
Transfers only to bank accounts
Remove Circle Icon
Not all currencies can be traded online – some need to be traded over the phone

XE Money Transfer Logo

XE Money Transfer

XE began operations in 1993. Based out of Canada, this company also has offices in the UK and the U.S. It provides dedicated websites for residents of Canada, the UK, the U.S., Australia and New Zealand. If you use this company to send money as an individual, you pay no transfer fees. Website access comes in multiple languages. Check the XE Money Transfer review to read more.

Pros

Remove Circle Icon
Sign up as an individual or a business
Remove Circle Icon
Headquarters in Canada – offices also in the UK and the U.S.
Remove Circle Icon
Residents of Canada, the UK, the U.S., Australia and New Zealand get access to dedicated websites
Remove Circle Icon
Personal transfers are fee-free
Remove Circle Icon
Offers spot transfers and limit orders
Remove Circle Icon
Get customer service and website access in different languages
Remove Circle Icon
Remove Circle Icon

Cons

Remove Circle Icon
Only bank account transfers
Remove Circle Icon
No scheduled transfers

TransferWise Logo

TransferWise

Launched in 2011, TransferWise is a peer to peer provider of international money transfers. It was setup by Skype’s first employee and has the backing of major investors such as Richard Branson. TransferWise is growing fast, offering a simple and fast solution to transferring money globally online. They not only allow local bank settlement, but also allow the use of Debit or Credit Cards to transfer money. This is unique amongst TransferWise competition. Read the iCompareFX TransferWise review here.

Pros

Remove Circle Icon
Provides services to individuals and businesses
Remove Circle Icon
Lets you register using your Facebook or Google account
Remove Circle Icon
Country-specific payment methods can include debit and credit cards, direct debits, bank transfers, POLI and SOFORT
Remove Circle Icon
No minimum transfer amount
Remove Circle Icon
Offices in the UK, the U.S., Estonia, Hungary, Singapore, Japan and Australia
Remove Circle Icon
Multilingual website
Remove Circle Icon
The TransferWise Borderless service enables businesses to save in fees when trading in over 15 currencies
Remove Circle Icon
Use the “send” and “receive” money options to transfer funds between email addresses

Cons

Remove Circle Icon
Transfer fees depend on the destination country, amount being transferred and method of payment
Remove Circle Icon
Paying using a credit card typically attracts higher fees
Remove Circle Icon
Does not provide forward contracts or market orders
Remove Circle Icon
Can not schedule transfers
Remove Circle Icon
No cash pick up centers

Currencies Direct Logo

Currencies Direct

This WorldRemit alternative has been around since 1996. Based out of the UK, this money transfer company also has offices in the U.S, mainland Europe, South Africa and India. It operates dedicated websites for residents of different countries, which include the UK, the U.S., Spain, Italy, France, Sweden, Portugal, South Africa and China. Depending on which website you log on to, you might be able to use it in a local language. Read this Currencies Direct review for more information.

Pros

Remove Circle Icon
Sign up as an individual, a business or an online seller
Remove Circle Icon
Headquarters in the UK – offices also in the U.S., France, Portugal, Spain, South Africa, China and India
Remove Circle Icon
Website available in English, French, Spanish, Portuguese, Swedish, Italian, Norwegian and Chinese
Remove Circle Icon
Gives all customers access to account managers
Remove Circle Icon
Scheduling transfers is straightforward
Remove Circle Icon
Provides limit orders and forward contracts
Remove Circle Icon
Offers travel money solutions in the UK

Cons

Remove Circle Icon
Transfers only to bank accounts
Remove Circle Icon
Does not accept customers from all American states