What it is
TorFX offers international transfers for individuals and businesses with no fees, a personal account manager, forward contracts and stop-loss orders, and has won awards for customer service.
Who it suits
UK and Australian customers moving larger sums who want a dealer on the phone.
Regulation and protection
Authorised electronic money institution regulated by the FCA; ASIC-regulated in Australia.
How it charges
No transfer fees; the cost is the exchange-rate margin, tighter on larger transfers.
Getting started
Open an account online, verify identity, agree a rate with your dealer and pay by bank transfer.
At a glance
- Type
- Individual and business transfers
- Delivery
- Bank account
- Speed
- Same day to two days
- Business use
- Yes
- Headquarters
- Penzance
- Founded
- 2004
Strengths
- Strong customer-service record
- No fees; competitive on larger amounts
- Forwards and market orders
Watch for
- Smaller transfers get wider margins
- Bank delivery only
Readers ask2 questions answered
Is there a minimum transfer?
Yes; TorFX focuses on larger transfers, so very small amounts are better served by app-based providers.
Is my money safe with TorFX?
Client funds are safeguarded in segregated accounts under e-money rules.
How it comparesIts standing in 1 comparison
Best for service on large transfers
- Type
- Individual and business transfers 3 of them share this
- Delivery
- Bank account 4 of them share this
- Speed
- Same day to two days 3 of them share this
- Business use
- Yes 5 of them share this
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