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

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

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

InstaReM vs TorFX: Quick Feature Comparison

  1. Visit InstaReM alternative InstaReM Visit InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  2. Visit InstaReM 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

InstaReM vs TorFX: Pros and Cons

InstaReM vs TorFX
Advantages

InstaReM Advantages TorFX Advantages
  • InstaReM is well rated among clients.
  • InstaReM is available internationally.
  • InstaReM has multiple currency options.
  • InstaReM provides phone customer support.
  • InstaReM provides email customer support.
  • InstaReM is available to iOS Apple device users.
  • InstaReM 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.

InstaReM vs TorFX
Disadvantages

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

InstaReM vs TorFX Fees and Other Costs

Fee type InstaReM Fees TorFX Fees
Transfer Fees 0%-1% 1.91%-2.71%
Min Transfer $1 (minimum sending amounts could differ based on certain currency pairs) 200 USD
Max Transfer No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country) none
Payment Methods bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents) chaps, swift, bacs, debit card, cheque
Currencies AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, 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

InstaReM vs TorFX Restricted Countries

InstaReM 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

InstaReM vs TorFX Transfer Speeds

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

InstaReM vs TorFX Languages

InstaReM Supported Languages

English

TorFX Supported Languages

InstaReM vs TorFX Verdict - Which is better?

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

  • InstaReM vs TorFX Transfer Fees: Transferring money with InstaReM costs 0%-1% while TorFX charges 1.91%-2.71%.
  • InstaReM vs TorFX Supported Currencies: InstaReM deals in over 1, where as TorFX offers transactions in 1.
  • InstaReM vs TorFX Payment Methods: InstaReM accepts bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents), while TorFX allows transactions via chaps, swift, bacs, debit card, cheque.
  • InstaReM vs TorFX Transfer Limits: InstaReM allows transfers between $1 (minimum sending amounts could differ based on certain currency pairs) and No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country). TorFX's range is 200 USD to none.
  • InstaReM vs TorFX Minimum Age for Account Creation: InstaReM requires users to be at least 18 years old, where as TorFX has a minimum age requirement of 18.
  • Contact Number: You can reach InstaReM at 07 3053 8888 and TorFX at 44 (0) 1736 335 250 .
  • InstaReM vs TorFX Countries of Operation: InstaReM operates in over 1 countries but has restrictions in over 1 countries. TorFX serves 1 countries and restricts operations in 1 countries.
  • InstaReM vs TorFX Client Base: InstaReM is used by 130,000,000, where as TorFX serves 325.
  • InstaReM vs TorFX Year Founded: InstaReM was established in 2014 and TorFX began its operations in 2004.
  • InstaReM vs TorFX Customer Rating: InstaReM holds a rating of 4, in contrast, TorFX has a rating of 3.
  • InstaReM vs TorFX Headquarters: InstaReM has its headquarters at Singapore, while TorFX is based at Cornwall, UK.
  • InstaReM vs TorFX Employee Count: InstaReM employs 200 individuals, where as TorFX has a team of 100.
  • InstaReM vs TorFX Estimated Annual Turnover: InstaReM turnover stands at 10100000, while TorFX boasts a turnover of 20,000,000,000 USD.
  • InstaReM vs TorFX Founder: InstaReM was founded by Sreya Dasgupta, holding the position of Product Owner. On the other hand, TorFX was the brainchild of Jon Beddell, currently holding the position of CEO.
  • InstaReM vs TorFX Supported Languages: InstaReM offers support in over 1 languages. TorFX communicates in 1.

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InstaReM vs TorFX Alternatives Guides

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Screenshots

InstaReM Screenshot

InstaReM Screenshot

TorFX Screenshot

InstaReM Screenshot