
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
WorldRemit

- 9.4/10
- Online OnlyOne off transfers Phone assistance available
- First Transfer Fee Free.
Your first overseas transfer Fee Free! Learn more - $3 - 4For 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
TorFX (UK / Europe)

- 9.5/10
- Online
PhoneOne off transfers Regular transfers Rate Watch Limit Orders Forward Contracts - NO FEES
- NO FEEThey 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.
TorFX (Aus / NZ)

- 9.5/10
- Online
PhoneOne off transfers Regular transfers Rate Watch Limit Orders Forward Contracts - NO FEES
- NO FEEThey 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.
A question I am commonly asked by people who wish to transfer funds overseas is whether to use the services of WorldRemit or TorFX. The answer is in the details. If you compare the services of both specialist fund transfer companies to banks, you will notice that using either TorFX or WorldRemit will work in your favor. When choosing between the two, paying attention to your individual needs is crucial.
On Trustpilot, customers of both companies have rated them well. While WorldRemit gets an average score of 9.6 out of 10, TorFX rates slightly better, at 9.7 out of 10.
To help simplify the decision making process, I am dividing this WorldRemit vs. TorFX comparison into different categories:
- Exchange Rates
- Fees
- Countries
- Ease of Use
- Security
- Regular Overseas Payments
- Coupons
Foreign Currency Exchange Rates
You can turn to WorldRemit or TorFX to get better rates than most leading banks have to offer. Since exchange rates are prone to fluctuations, the easiest way to find out which of these companies provides the best rate is to run a comparison shortly before a transfer.
WorldRemit
- By using the currency exchange calculator on the WorldRemit website, you can find out the prevailing inter-bank rates.
- WorldRemit informs you of the actual exchange rate before you finalize a transfer.
TorFX
- Logging into the TorFX website gives you access to the company’s actual exchange rates.
- You can visit the TorFX website to go through an assortment currency exchange and fund transfer-related information.
Fund Transfer Fees
In this section of the TorFX vs. WorldRemit comparison, you will see that one company performs better than the other. However, pay attention to the amount of money the recipient stands to receive, because the exchange rate you get fluctuates accordingly.
WorldRemit
- The fees WorldRemit charges depend on the transfer method you choose, which can vary from one country to another.
- The WorldRemit currency exchange calculator gives you easy means to find out how much you may have to pay in fees even before you initiate a transfer.
TorFX
- International fund transfers through TorFX do not attract any fees.
- If you use the UK-based TorFX website, you must transfer at least £50.
- With the Australia-based TorFX website, you cannot transfer less than AUD $100.
Destination Countries
You can use the services of WorldRemit or TorFX to transfer funds to most countries the world over, in various currencies. To view the list of WorldRemit supported countries, click here. To find out which countries TorFX supports, read our review of TorFX.
Ease of Use
If website access in a foreign language is important to you, this WorldRemit vs. TorFX comparison tilts in favor of the former. You can register with either company using the Internet, in minutes. You can begin using their services soon after after the companies verify your details.
WorldRemit
- Access to the WorldRemit website is available in English, Spanish, and French.
- The company accepts payments via electronic bank transfers, debit cards, and credit cards.
- Depending on the country of your residence, you can also pay via POLi, Interac, SOFORT, and iDeal.
- Transfer methods offered include transfers to bank accounts and cash pickup locations, topping off of mobile wallets and airtime, as well as home delivery of cash (in the Philippines).
- WorldRemit provides apps for iOS and Android.
TorFX
- Access to both TorFX websites is offered only in English.
- You can pay for your fund transfer via a debit card, a credit card, or an electronic bank transfer.
- The company provides an app for customers registered with TorFX UK, but not for customers registered with TorFX Australia.
Security
Whether you use TorFX or WorldRemit, security is not much of a concern. Websites of both companies make use of high-level encryption to keep the information their customers provide secure. Both companies have segregated bank accounts, which they use to maintain client funds.
WorldRemit
- The UK Financial Conduct Authority (FCA) oversees the operations of WorldRemit Limited.
- WorldRemit ensures that its partner companies follow strict guidelines when it comes to protection and security of data.
TorFX
- Tor Currency Exchange Limited is regulated by FCA and Her Majesty’s Revenue and Customs (HMRC).
- TorFX Private Limited is regulated by the Australian Securities and Investments Commission (ASIC).
- The creditworthiness of this company, as rated by Dun & Bradstreet, is of the highest level.
Regular Overseas Payments
If you wish to schedule fund transfers on a regular basis, turning to TorFX is more accommodating. While this company lets you set up regular transfers, WorldRemit does not.
Coupons
Both these companies give new and existing customers access to promotions and offers from time to time. You will find this section updated regularly.
WorldRemit
Take advantage of WorldRemit’s special coupon for first transfer free.
TorFX
When some you refer to TorFX uses it services to transfer funds overseas, you receive an Amazon Gift Card valued at £50.
Learn More
- Learn more from TorFX Review.
- Should one consider TransferWise or are their better alternatives?
- Is there anyone better than TransferWise?
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