Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

CurrencyTransfer review

Find the best foreign exchange rates available from this online marketplace.’s rating: 4.0 / 5.0


How’d we get our score?

Fees & rates: 4.5 / 5.0
Speed: 4.0 / 5.0
Services: 3.0 / 5.0
User experience: 4.5 / 5.0

To help you select the best available exchange rates on the market, UK-based CurrencyTransfer operates an online marketplace that aggregates live foreign exchange rates from government-accredited money transfer specialists.

Since it also displays the mid-market rate — the rate at which providers trade among each other — you’ll know which provider offers the better rate.

24 hours

Fastest Transfer Speed


Minimum Transfer Amount


Maximum Transfer Amount


Customer ServicePhone, Email
Pay ByBank transfer
Receiving OptionsBank account

What is CurrencyTransfer?

Founded in 2014, CurrencyTransfer supports 23 currencies and offers transfers to 26 countries across Europe, North America, the Middle East, Asia and Oceania. Since they charge brokers directly, you won’t have to pay any fees for using the marketplace.

CurrencyTransfer also offers a best price guarantee that allows customers to get a refund of the price difference when they’re able to book at a provider offering better rates.

How are CurrencyTransfer’s exchange rates?

CurrencyTransfer aggregates exchange rates from its member brokers. It also allows you to compare exchange rates in real-time with the mid-market rate. This means you can choose the provider offering the rate closest to the mid-market rate, which is often the best option.

If you find a higher exchange rate after booking a transfer with CurrencyTransfer, send an email to to get an on-the-spot refund of the difference.

How much will I pay to send money with CurrencyTransfer?

CurrencyTransfer does not charge any fees for money transfer transactions. The company’s exchange rates are also higher than the rates offered by banks. So not only are transfers free, your beneficiary also gets more money when you use their services.

How much can I send with CurrencyTransfer?

Although CurrencyTransfer does not specifically mention a minimum or maximum transfer amount, it recommends transfers of more than 5,000 GBP, more than $6,000 USD, to get the best deals.

What types of transfers does CurrencyTransfer support?

CurrencyTransfer offers bank-to-bank money transfers to 26 countries worldwide.

CurrencyTransfer also offers the following services:

  • Spot contracts for immediate money transfers.
  • Forward contracts, which allows pegging a fixed exchange rate for a small deposit.
  • Market orders, which is divided into:
  • Limit orders, where you get the exchange rate you want for your money transfers.
  • Stop loss orders, which protect your foreign exchange holdings by automatically making a trade before the value goes below a certain rate.

How do I send money through CurrencyTransfer?

Follow these steps to send money through CurrencyTransfer:

  1. Register for a free personal account online.
  2. Select the currency you want to transfer and your beneficiary’s location.
  3. Request a quote from money transfer specialists.
  4. Choose the best quote from the various services on the platform, then send your money to the winning broker.

When the broker gets your money, they’ll initiate the transfer to your recipient. To get started, visit CurrencyTransfer’s website.

How do I track my transfer?

You can track your transfer transactions from the Trade History option on your personal dashboard.

What should I look out for?

Before choosing a rate from the providers offering quotes, compare them with the mid-market rate. Your lowest rate could be the one closest to the mid-market rate.

Go to site

Benefits and drawbacks

  • No money transfer fees, regardless of the amount of the transfer amount
  • Higher exchange rates than local banks
  • Fast delivery times that may take as little as one day
  • CurrencyTransfer reimburses you the difference if you get a better rate somewhere else
  • Allows sending money to more than one beneficiary using a single rate
  • Offers spot contracts, market orders and forward contracts as hedging mechanisms for your foreign exchange holdings
  • It only supports 23 currencies in 26 countries around the world
  • Pickup options depend on the winning broker. Keep this in mind when choosing a rate
  • May not have much of an advantage for transfer amounts less than 5,000 GBP or about $6,000 USD
  • You can only send money from Monday to Friday
  • No Android and iOS smartphone or tablet apps
  • Supporting documents like an ID may be required when you sign up for an account.
  • Only supports bank-to-bank transfers

Compare CurrencyTransfer to other money transfer services

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
24 hours

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
24 hours
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

View details
Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Within minutes

View details
XE has fast transfers with low fees and a range of foreign currency tools.
Within an hour
From $1.99

View details
New customers send USD 20 to Lebanon and use code ADD10 for a USD 10 discount. Valid till 7 November 2021. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Within an hour

View details
Exclusive: Use code GET60 to save 30 USD on each transaction over 200 USD. Valid for the first two transactions and till 30 November 2021. T&Cs apply.
Instarem offers zero transfer fees on all transfers.
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
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.
Western Union
Within an hour
From $0

View details
Western Union sends money online to friends and family in 200+ countries around the world.
Within an hour
From $0

View details
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.

Compare up to 4 providers

How safe is CurrencyTransfer?

Only top Financial Conduct Authority-accredited institutions are allowed to offer services on the CurrencyTransfer marketplace. Data encryption is standard on the platform, and brokers are required to hold funds in segregated accounts that are distinct from those used in their operations.

Next steps

  • Before the winning broker can process the transfer to your recipient, you’ll need to send it money from your bank account.
  • Check the status of the transfer via the personal dashboard of your CurrencyTransfer account.

Bottom Line

CurrencyTransfer allows you to choose the best rate for your money transfer transactions from among its member brokers and it safeguards your money by limiting membership on the platform to brokers with established reputations

Find out more about your money transfer options by checking out our guide to international money transfer services

Go to site

Frequently asked questions


Our team analyzes money transfer providers offering services in the US — from big names to digital upstarts. We rank rates and fees, speed, services and user experience for:

  • Wise
  • XE
  • OFX
  • WorldRemit
  • Currencies Direct
  • Western Union
  • RIA Money Transfer
  • MoneyGram
  • Remitly
  • Payoneer
  • Remit2India
  • Xoom
  • PayPal

Learn the details of our methodology and scoring.

Back to top

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site