TorFX cheap online money transfers | finder.com

TorFX: An international money transfer provider

TorFX offers businesses and individuals great rates on international money transfers.

Whether you’re an individual looking to send money to a relative, or a business that needs to pay staff overseas, TorFX offers a wide range of personal and business foreign exchange services. Get bank-beating exchange rates, free transfers and a safe and secure transaction with TorFX.

Personal transfers

TorFX offers a range of services so they can tailor a solution to suit your individual needs. They aim to help you make the most out of every currency transfer, with award-winning service and fee-free transfers.

Services

TorFX provides the following transfer options:

  • Spot contracts. Make on-the-spot international money transfers.
  • Forward contracts. Fix a rate up to 2 years in advance.
  • Limit orders. Target a specific rate and TorFX will execute your transaction when that rate hits.
  • Stop loss orders. Wait for a better rate while locking in a worst case rate if the market should move against you.

Business transfers

TorFX can help you protect your bottom line by carefully managing your foreign exchange exposure. Pay for imported goods, receive overseas payments or pay staff overseas while accessing the best exchange rates.

Services

TorFX offers businesses the following services:

  • Forward contracts. Even if your funds aren’t available today, fix an exchange rate for a future transfer.
  • Order types. Set a maximum or minimum buying rate.
  • Currency analysis. Market professionals will provide you with an analysis tailored to fit your business’s needs.
  • Free transfers. Transfers are free, with no hidden costs.
  • Excellent exchange rates. Save money with a great exchange rate.

How much does it cost to transfer funds with TorFX?

TorFX charges no transfer fee or a commission. TorFX makes money from the foreign exchange rate spread, which includes a small margin. You’re still guaranteed the best price on your international money transfer when you use TorFX. The company will beat any competitor’s quote as long as it’s above the interbank rate, the rate large institutions use to buy and sell foreign currency.

TorFX exchange rates

TorFX prides itself on offering excellent exchange rates. The company also provides a best rate guarantee so you can be confident you’re getting the most for your money.

TorFX aims to make their exchange rates as close to the interbank rate as possible. As exchange rates are volatile and fluctuate throughout the day; the exact exchange rate of your transfer will be available when you request a quote.

TorFX offers a best rate guarantee. If you can show TorFX a competitor’s quote offering a better price, TorFX will beat it. The best price guarantee doesn’t apply if you’ve already accepted the TorFX quote or if the competitor’s rate is lower than the interbank rate.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting
Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
USD 150 1 - 2 days - - Online, Phone, Agent, Bank Account to Bank Account No hidden fees and a best rate guarantee. Go to site Show details

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Available currencies

TorFX deals with more than 60 global currencies, including currencies from the following countries:

  • Australia (AUD)
  • Bahrain (BHD)
  • Botswana (BWP)
  • Canada (CAD)
  • Croatia (HRK)
  • Czech Republic (CZK)
  • Denmark (DKK)
  • Hong Kong (HKD)
  • Hungary (HUF)
  • Israel (ILS)
  • Japan (JPY)
  • Kenya (KES)
  • Kuwait (KWD)
  • Lithuania (LTL)
  • Latvia (LVL)
  • Morocco (MAD)
  • Mauritius (MUR)
  • Mexico (MXN)
  • Norway (NOK)
  • New Zealand (NZD)
  • Oman (OMR)
  • Poland (PLN)
  • Qatar (QAR)
  • Romania (RON)
  • Russia (RUB)
  • Saudi Arabia (SAR)
  • Singapore (SGD)
  • South Africa (ZAR)
  • Sweden (SEK)
  • Switzerland (CHF)
  • Thailand (THB)
  • The Eurozone (EUR)
  • Turkey (TRY)
  • United Arab Emirates (AED)
  • United Kingdom (GBP)

Fees and transfer limits

TorFX does not charge a fee to transfer money, and there is no limit to how much you can transfer.

How do I use TorFX?

Transfer money with TorFX in four steps.

  1. Register. Register for an account with TorFX online or by phone.
  2. Get a rate. Obtain an exchange rate for your transfer either online or by phone.
  3. Trade online. Buy your desired currency and TorFX will send it to your recipient.
  4. Complete transfer. Depending on the currency and where you’re sending the money, the money will arrive that same day or within 1-2 days.

What is TorFX?

TorFX is a foreign exchange service provider largely located in Europe, with offices in the US, Australia and South Africa as well. They hold the highest credit rating with Dun & Bradstreet, and have many 5-star reviews on TrustPilot.

TorFX provides business and personal services for transferring money overseas, with a range of transfer options. You’ll even be provided an account manager to help you navigate the process and offer guidance.

What do customers say about TorFX?

TorFX gets an overall “excellent” rating on TrustPilot, with customers praising its “first class service.” Other customers noted the smooth, speedy process.

Looking for an alternative? Compare services like TorFX to get the best rates and fees.

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