Review: Central FX international money transfers

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Transfer money with Central FX and you’ll get top-notch support and competitive exchange rates.

  • Good for one-to-one support and 24/7 account management.
  • Not so good if you only want to transfer a smaller amount of money.

GBP 2,500

Min. Transfer Amount

No limit

Max. Transfer Amount

Same day

Transfer Speed


Product NameCentral FX International Money Transfers
Min. Transfer AmountGBP 2,500
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone, Bank Account to Bank Account
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
Same day
Customer ServicePhone, Chat, Email, Branch
Online Transfer Fee$0
Branch Transfer Fee$0
Phone Transfer Fee$0

Central FX exchange rates and fees

Rather than charging any fees, Central FX adds a margin to the mid-market exchange rate. This means its exchange rate won’t be as good as the ones you can see on Google or websites like XE.

Central FX’s margin generally ranges between 0.3% and 1.5% per transfer. The more money you send, the lower the margin will be.

Use our table below to see real-time exchange rates and fees from Central FX.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 2,500 Same day GBP 0.00 1.113 EUR
CentralFX's dedicated team will guide you or your business from first call to final payment. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Available currencies

Central FX sends money to more than 80 countries worldwide, although the transfer types vary depending on the country. You can check out the full list of currencies here, but some of the more popular ones that Central FX lets you send to are:

  • EUR Euro
  • USD US dollar
  • AUD Australian dollar
  • ZAR South African rand
  • SGD Singapore dollar
  • INR Indian rupee
  • NZD New Zealand dollar
  • CHF Swiss franc

What types of transfers can you make with Central FX?

Central FX offers various types of transfers to help you get the most out of your transaction:

  • Spot contracts. Make a one-time transfer at the time of payment. The transaction can be settled either on the day of the trade or over the coming days depending on your requirements.
  • Regular transfers. Set up automated payments online or over the phone.
  • Market order. Set a target exchange rate, and if it’s reached overnight in either New York or Hong Kong trading, the money transfer is carried out.
  • Forward contracts. Lock in today’s exchange rate and schedule a transfer now for up to 12 months (or in some cases even longer).

What payment methods does Central FX accept?

From the UK you can transfer money online using the secure online portal, over the phone with an adviser and from bank account to bank account.

Central FX has a minimum transfer amount of £2,500 and no maximum transfer amount.

Is Central FX safe to use?

  • Security: All clients’ funds are held separately from the company’s own.
  • Regulation: Central FX is regulated and authorised by the Financial Conduct Authority.
  • Established: December 2009.
  • Reviews: Rated “Excellent” from around 36 reviews*.
*According to Central FX and Trustpilot on 1 January 2020.

How does Central FX make money?

Central FX makes its money through the exchange rate margin, meaning that it adds on a small margin to the interbank rate to cover its own costs. You may have noticed that the exchange rate you see on Google or XE is different to the one being quoted to you, and this margin is the reason why.

Exchange rate margins vary from company to company. Central FX’s margin generally ranges between 0.3% and 1.5% per transfer, depending on market volatility and the specific currencies you’re buying or selling.

How to register an account

How do I make an international money transfer?

Once you’re set up it’s simple to transfer money. The easiest way to do this is online using the secure trading platform. You can also do it from bank account to bank account, or if you prefer, you can arrange it over the phone with a member of the private client team.

How to make a transfer

CentralFX payment date page

What is Central FX?

Central FX was set up more than 10 years ago in the heart of London’s financial district. It prides itself on managing currency risk, securing the best rates to buy and sell, and its bespoke client services.

Its account managers say that they prefer to meet people face-to-face rather than over the screen, but you can also easily arrange transfers online and instantly track them using its secure online trading platform.

In a nutshell


  • Make and track payments 24/7 through online trading platform
  • Immediate access to more than 50 live FX rates
  • Make multiple international payments in one go
  • Extra security of funds through ring-fencing
  • Live chat
  • One-to-one support from the private client team
  • No fees


  • Not great if you only want to transfer a small amount
  • Can’t transfer via a branch
  • Can only transfer to a bank account

How does Central FX compare to other services?

Table: sorted by a combination of service offering and the amount your recipient will receive

The table below shows the fees and exchange rates you can expect from other money transfer specialists. Compare Central FX to the other providers below to see if it’s the best option for you.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1 2 days GBP 4.00 1.124 EUR
TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
GBP 1,000 Same day GBP 0.00 1.113 EUR
SpartanFX has fee-free transfers, a best exchange rate guarantee and personalised one-to-one support for every customer. Go to site Show details
GBP 1 Same day GBP 0.00 1.118 EUR
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
GBP 10 Within an hour GBP 1.99 1.109 EUR
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 Show details
GBP 5 2 days EUR 3.00 1.118 EUR
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
GBP 10 Within an hour GBP 2.00 1.118 EUR
First two transfers free for new customers.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
Go to site Show details
GBP 50 Same day GBP 2.99 1.113 EUR
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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