Compare 5 TorFX Alternatives in Canada

TorFX has been helping customers save on international money transfers since 2004. But if you want to send small amounts or transfer currencies the platform doesn’t support, you might need to explore TorFX alternatives. Narrow down your options with our list of sites like TorFX in Canada.

Compare sites like TorFX:

Finder Score	Fastest Transfer Speed	Fees (Pay by Bank Transfer)	Transfer Amount
OFX
Finder score Not scored yet OFX Exclusive	Finder score Not scored yet	24 hours	From $0	$200 – Unlimited	Finder exclusive: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee. T&Cs apply.	Go to site View details Compare product selectionCompare	loading	Why we like it OFX is a well-known transfer service focused largely on business transfers. But you can also use it for personal transfers. The $200 minimum transfer amount is larger than some, but you won't pay any fees for transfers of $10,000 or more. No maximum limit No fees for transfers of $10,000+ Supports one-time and recurring transfers, limit orders and forward exchange contracts Pros Same or next business day transfers for major currencies Highly-rated mobile app No maximum amount 24/7 customer support Cons $15 fee for transfers under $10,000 $200 minimum amount
Remitly
Finder score 8.6 Great Remitly	Finder score 8.6 Great	Within minutes	From $0	$1 – $15000	Go to site View details Compare product selectionCompare	loading	Why we like it Send over 100 currencies globally through Remitly's online or mobile app. Express delivery is available for an additional fee. If you're money doesn't arrive on time, you'll get your transfer fees back. Competitive transfer fees and exchange rates Debit and credit card payment accepted Electronic and cash delivery options Pros Some transfers are free Flexible delivery methods Special promotional offer for new customers Transfer status notifications via text, email or mobile app Cons Low $15000 CAD maximum transfer (additional limits may apply) Unpredictable transfer fees
Wise (TransferWise)
Finder score 9.1 Excellent Wise (TransferWise)	Finder score 9.1 Excellent	24 hours	From $0	$1 – $1,500,000	Go to site View details Compare product selectionCompare	loading	Why we like it Wise stands out from the competition for offering international transfers at the midmarket rate—meaning, you lose less money to fees and more money arrives in your recipient's pocket. Another stand-out feature is the Wise multicurrency account, which lets you receive eight currencies and spend in 50+ currencies. No exchange rate markup Instant and same-day delivery for some transfers Depending on the type of transfer, you can pay by debit, credit, wire transfer, bill payment, or Interac e-transfer Pros Mid-market exchange rate High maximum transfer limits Supports Apply Pay, Google Pay and many other payment methods Cons Large transfers are expensive Unpredictable fees
Xe Money Transfers
Finder score 8.0 Great Xe Money Transfers	Finder score 8.0 Great	Within minutes	$0	$1 – $560,000 online (no max offline)	Go to site View details Compare product selectionCompare	loading	Why we like it Send funds to 200+ countries around the world through Xe, an Ontario-based global transfer service provider. The platform supports 100+ currencies, and its exchange rate markups are very competitive. High online transfer limit of $560,000 online (no max offline) Supports one-time and recurring transfers, forward contracts and limit orders Depending on the type of transfer, you can pay by card, bank transfer, EFT, bill payment, or Interac e-transfer Pros Send personal and business transfers just about anywhere User-friendly mobile app Competitive rates Many payment and delivery methods Cons Transfer fee and exchange rate markup applies No cash transfers
WorldRemit
Finder score 7.5 Great WorldRemit	Finder score 7.5 Great	Within minutes	From $0	$1 – $40,000	View details Compare product selectionCompare	loading	Why we like it WorldRemit is worth considering if you're looking for a variety of transfer options and don't need to send very large amounts. Not all transfer services let you send money from Canada to mobile wallets, but WorldRemit does. It also supports cash transfers, although service availability varies by country. Pay by debit or credit card, pre-paid card, Apple Pay or Interac e-Transfer Supports one-time and recurring transfers, forward contracts and limit orders Depending on the type of transaction, you can send cash transfers, bank transfers or mobile wallets top ups, including airtime transfers Pros Low transfer fees Variety of payment methods, including cash and mobile wallet top-up Highly-rated mobile app Many transfers arrive in minutes Cons Low $40,000 maximum daily amount No currency hedging options like stop-loss orders or forward contracts

Still looking for other options?

Compare features, fees and transfer speeds of more TorFX alternatives. When you’re ready to send money, select Go to site.

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Filter Values	Fees (Pay by Bank Transfer)
Wise (TransferWise) Finder Award	24 hours	From 0.48%	Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.	Go to site View details Compare product selectionCompare	loading
RemitBee	Within minutes	From $0	View details Compare product selectionCompare	loading
Finder score 8.0 Great Xe Money Transfers	Within minutes	$0	Xe has fast transfers with low fees and a range of foreign currency tools.	Go to site View details Compare product selectionCompare	loading
Instarem	Within minutes	From $0	Enjoy a special exchange rate and zero fees on your first transfer between 50 CAD and 2,500 CAD. Valid until June 30, 2026.. T&Cs apply.	Instarem offers zero transfer fees on all transfers.	Go to site View details Compare product selectionCompare	loading
Africhange	Within minutes	From $0	Send money in CAD to Africa on this blockchain and P2P powered provider.	Go to site View details Compare product selectionCompare	loading
Finder score 8.6 Great Remitly	Within minutes	From $0	Special offers like free transfers and better exchange rates available for new customers. Remitly has quick, affordable transfers around the world, with both express and economy options.	Go to site View details Compare product selectionCompare	loading
Finder score 7.5 Great WorldRemit	Within minutes	From $0	View details Compare product selectionCompare	loading
MoneyGram	Within minutes	From $0	Go to site View details Compare product selectionCompare	loading
Finder score Not scored yet OFX Exclusive	24 hours	From $0	Finder exclusive: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee. T&Cs apply.	Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee. OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.	Go to site View details Compare product selectionCompare	loading
Xe Money Transfers	Within minutes	$0	Xe has fast transfers with low fees and a range of foreign currency tools.	Go to site View details Compare product selectionCompare	loading
Airwallex	Within an hour	$0 - $35	Get up to $500 in FX fees refunded for international money transfers sent within the first 3 months of opening a new account. T&Cs apply.	Go to site View details Compare product selectionCompare	loading

Showing 11 of 11 results

About TorFX

TorFX is a UK-based global money transfer services provider that serves both individual and business customers. It supports sending money in more than 40 currencies. Many transfers arrive the same day, but sending to some exotic destinations can take up to two business days.

On the plus side, TorFX is a FINTAC-registered money services business that doesn’t charge any transfer fees. On the downside, its fees are worked into the exchange rate and you can find other money transfer services that let you send a greater range of currencies.

Sources

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Written by

Stacie Hurst

Associate editor

Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio

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Stacie has written 235 Finder guides across topics including:

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Alternatives to TorFX

Compare site like TorFX in Canada for transferring money overseas.

OFX

Why we like it

Pros

Cons

Remitly

Why we like it

Pros

Cons

Wise (TransferWise)

Why we like it

Pros

Cons

Xe Money Transfers

Why we like it

Pros

Cons