CurrencyFair vs TorFX - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like CurrencyFair and TorFX have emerged as leading choices. Both CurrencyFair and TorFX online platforms offer efficient and cost-effective and secure international money transfers from CurrencyFair and TorFX.

We compare CurrencyFair vs TorFX into the unique features and benefits that distinguish CurrencyFair vs TorFX, empowering you to make an informed decision based on your specific transfer needs like CurrencyFair vs TorFX fees, currencies available, available payment methods on CurrencyFair compared to TorFX, support options offered by CurrencyFair vs TorFX, speed and more.

CurrencyFair vs TorFX: Quick Feature Comparison

  1. Visit CurrencyFair alternative CurrencyFair Visit CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  2. Visit CurrencyFair alternative TorFX Visit TorFX

    Used By: 325,000
    Currencies Available: 39
    Transfer Fees: 1.91%-2.71%
    Payment Methods: chaps, swift, bacs, debit card, cheque
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 200 USD
    Max Transfer: none
    Year Founded: 2004

CurrencyFair vs TorFX: Pros and Cons

CurrencyFair vs TorFX
Advantages

CurrencyFair Advantages TorFX Advantages
  • CurrencyFair has been serving clients for over 15 years
  • CurrencyFair is well rated among clients.
  • CurrencyFair is available internationally.
  • CurrencyFair has multiple currency options.
  • CurrencyFair provides phone customer support.
  • CurrencyFair provides email customer support.
  • CurrencyFair is available to iOS Apple device users.
  • CurrencyFair is available to Android mobile device users.
  • TorFX has been in operation for over 20 years.
  • TorFX boasts a high rating for sending money.
  • TorFX operates in numerous international countries.
  • TorFX offers an extensive range of currency options for money transfers.
  • TorFX provides phone support.
  • TorFX offers registered customers email support.
  • TorFX has a Apple iOS app on Apple app store.
  • TorFX offers a Android Google Play Store mobile app.

CurrencyFair vs TorFX
Disadvantages

CurrencyFair Disadvantages TorFX Disadvantages
  • CurrencyFair has no PayPal support.
  • CurrencyFair has no Neteller payments support.
  • CurrencyFair has no Skrill payment support.
  • CurrencyFair does have a mobile digital wallet like some others.
  • No home delivery with CurrencyFair.
  • No cash pickups with CurrencyFair.
  • No money order support with CurrencyFair.
  • No live chat support with CurrencyFair.
  • TorFX has no PayPal option.
  • TorFX has no Neteller option.
  • TorFX has no Skrill option.
  • No digital wallets with TorFX.
  • No TorFX home delivery.
  • No TorFX Cash pickups.
  • No TorFX money order option.
  • No TorFX Livechat.

CurrencyFair vs TorFX Fees and Other Costs

Fee type CurrencyFair Fees TorFX Fees
Transfer Fees 0.45% 1.91%-2.71%
Min Transfer £5.00 (or equivalent) 200 USD
Max Transfer £10,000,000.00 (or equivalent) none
Payment Methods Bank transfer, debit card chaps, swift, bacs, debit card, cheque
Currencies AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD EUR, GBP, USD, CAD, AUD, NZD, JPY, ZAR, CHF, AED, BBD, BWP, BGN, CNY, HRK, CZK, DKK, XCD, FJD, HKD, HUF, INR, ILS, KES, MUR, MXN, MAD, TRY, NOK, PHP, PLN, RON, RUB, SGD, LKR, SEK, THB, TTD, UGX

CurrencyFair vs TorFX Restricted Countries

CurrencyFair Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

TorFX Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

CurrencyFair vs TorFX Transfer Speeds

Transfer Speed CurrencyFair TorFX
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

CurrencyFair vs TorFX Languages

CurrencyFair Supported Languages

English, French, German

TorFX Supported Languages

CurrencyFair vs TorFX Verdict - Which is better?

Which is best out of CurrencyFair and TorFX depends on your needs.

  • CurrencyFair vs TorFX Transfer Fees: Transferring money with CurrencyFair costs 0.45% while TorFX charges 1.91%-2.71%.
  • CurrencyFair vs TorFX Supported Currencies: CurrencyFair deals in over 1, where as TorFX offers transactions in 1.
  • CurrencyFair vs TorFX Payment Methods: CurrencyFair accepts Bank transfer, debit card, while TorFX allows transactions via chaps, swift, bacs, debit card, cheque.
  • CurrencyFair vs TorFX Transfer Limits: CurrencyFair allows transfers between £5.00 (or equivalent) and £10,000,000.00 (or equivalent). TorFX's range is 200 USD to none.
  • CurrencyFair vs TorFX Minimum Age for Account Creation: CurrencyFair requires users to be at least 18 years old, where as TorFX has a minimum age requirement of 18.
  • Contact Number: You can reach CurrencyFair at +353 1 526 8411 and TorFX at 44 (0) 1736 335 250 .
  • CurrencyFair vs TorFX Countries of Operation: CurrencyFair operates in over 1 countries but has restrictions in over 1 countries. TorFX serves 1 countries and restricts operations in 1 countries.
  • CurrencyFair vs TorFX Client Base: CurrencyFair is used by 150, where as TorFX serves 325.
  • CurrencyFair vs TorFX Year Founded: CurrencyFair was established in 2009 and TorFX began its operations in 2004.
  • CurrencyFair vs TorFX Customer Rating: CurrencyFair holds a rating of 4, in contrast, TorFX has a rating of 3.
  • CurrencyFair vs TorFX Headquarters: CurrencyFair has its headquarters at Dublin, Ireland, while TorFX is based at Cornwall, UK.
  • CurrencyFair vs TorFX Employee Count: CurrencyFair employs 99 individuals, where as TorFX has a team of 100.
  • CurrencyFair vs TorFX Estimated Annual Turnover: CurrencyFair turnover stands at 64,000,000 USD, while TorFX boasts a turnover of 20,000,000,000 USD.
  • CurrencyFair vs TorFX Founder: CurrencyFair was founded by Paul Byrne, holding the position of CEO & President. On the other hand, TorFX was the brainchild of Jon Beddell, currently holding the position of CEO.
  • CurrencyFair vs TorFX Supported Languages: CurrencyFair offers support in over 1 languages. TorFX communicates in 1.

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CurrencyFair vs TorFX Alternatives Guides

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Screenshots

CurrencyFair Screenshot

CurrencyFair Screenshot

TorFX Screenshot

CurrencyFair Screenshot