Review: Spartan FX international money transfers
- Fees (pay by bank transfer)
- £0
- Minimum transfer amount
- £1,000
- Maximum transfer amount
- No limit
No fees, competitive rates and highly praised customer service make this a strong contender.
Spartan FX offers easy, fast and secure international transfers in over 40 currencies, with a best exchange rate guarantee and no hidden fees or commission.
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It prides itself on its personal service – in fact, everyone gets assigned a dedicated account manager when they sign up to an account. They can arrange the transfer for you, or you can sort it through your own online account. Transfers are same-day or within one to two days, and you have the option to lock in exchange rates for up to a year.
Pros
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No hidden fees. Buying your currency is completely transparent.
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Competitive exchange rates. Spartan FX's best exchange rate guarantee means you get a good deal for your transfer.
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Multiple transfer options. Options include setting up regular payments and locking in an exchange rate for up to a year.
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24/7 access. Use the online account to make transfers, payments and access your information any hour of the day.
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Bespoke service. On signing up you'll be assigned an experienced personal account manager who can sort everything out for you if you'd rather.
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Highly rated customer support. The team is praised for its speed, expertise and helpfulness in online user reviews.
Cons
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Limited currencies supported. It only deals in 40 currencies, and you can't send money to many countries in Africa or Asia, including India and China.
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Minimum £1,000 transfer. It might not be great if you want to only send small amounts.
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No cash. You can only pay for transfers and recipients can only receive money through bank transfer.
Details
Product details
| Product Name | SpartanFX |
| Pay by | Bank transfer |
| Receiving options | Bank account |
| Customer service | Phone, Email |
| Available currencies | AED, AUD, BGN, CAD, CHF, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, SEK, SGD, USD, ZAR |
| Bank account required? | Yes |
| Personal account manager? | Yes |
How long does a Spartan FX money transfer take?
This all depends on where you want to send the money to. Popular currencies, such as EUR and USD, should arrive the same day they are transferred, while other more exotic currencies will arrive either the next day or within two working days.
Each currency has an international cut-off point to send it out on that day, so it’s always best to check with one of the dealing team how long a payment will take and by what time they’ll need to receive your funds in order to send it that day.
Which currencies can I send with Spartan FX?
Spartan FX can transfer over 40 currencies to more than 200 destinations worldwide. Some of the most popular currencies include:
- AUD Australian dollar
- CAD Canadian dollar
- EUR euro
- JPY Japanese yen
- NOK Norwegian krone
- NZD New Zealand dollar
- SEK Swedish krona
- USD US dollar
Is Spartan FX safe to use?
Spartan FX is authorised by the Financial Conduct Authority (FCA) in the UK.
- Part of the FCA’s regulation requires Spartan FX to keep its customers’ funds separate from its own, in order to protect its users’ money if the company runs into financial difficulties.
- Clients can also have their own segregated account in their own name for additional peace of mind.
What Spartan FX’s reviews say
- Feefo: 5 out of 5, based on more than 500 customer reviews.
Reviews accurate as of September 2023.
Spartan FX has much praise for its team’s “professional”, “speedy”, “friendly and helpful” service and also the competitive rates. We couldn’t find any negative comments.
Common money transfer scams and how to stay safe
Which payment methods does Spartan FX accept?
All funds must be transferred to Spartan FX via bank transfer. It cannot accept any cash payments.
What are the ways I can send money with Spartan FX?
The money will be sent via bank transfer to your recipient’s bank account. Spartan FX offers a number of options for when you’d like the transfer to take place:
- Spot contracts. Make a one-off transfer immediately or up to five days in advance.
- Regular transfers. Set up automated payments online or over the phone.
- Forward contracts. Lock in an exchange rate now and pay later for a transaction that will take place in up to one year’s time.
- Market orders. Make multiple or batch payments to regular or new payees
What do I need to send money online through Spartan FX?
To send money through Spartan FX, you’ll need the following:
- A Spartan FX account. It’s free to register for a Spartan FX account and shouldn’t take too long to sign up once you’ve uploaded your proof of ID.
- Valid payment. Send the funds over by bank transfer. Your agent will give you the details of the account to send it to.
- Recipient’s name and contact information. To make sure your transfer goes smoothly, have your recipient’s legal name, bank account information and contact information ready when setting up your transfer.
- Valid identification. This usually must include your photograph, your full name and date of birth. Typically accepted forms of ID include:
- UK or international passport
- UK driver’s licence
Once your account is open you’ll be assigned a personal account manager who will discuss your individual requirements and give you all the available options.
How do I make my first transfer with Spartan FX?
Here’s how to make your first transfer:
- Create an account. It’s free and quick to register.
- Secure your rate. Get in touch with Spartan FX to secure your conversion at the best live rate available. Once this is secured, the team will send you a trade confirmation.
- Arrange your transfer. You can then either log in to your account and add a beneficiary for your payment, or you can provide their details to the team who will set the outgoing payment.
- Pay for your currency. You pay by bank transfer directly into Spartan FX’s client account.
- Transfer complete. Spartan FX will send your money to the recipient and keep you posted on its progress.
My experience with signing up
It was easy to sign up and upload the photo ID, and then I just had to wait for the ID to be confirmed through the compliance process.
How to track a Spartan FX transfer
You can track your transfer and see a history of previous payments by logging in to your online trading account. You can also call the team on 020 3984 0450 for an update.
How does Spartan FX compare to other services?
Bottom line
If you’re looking for personal service, good exchange rates and no hidden fees then Spartan FX is definitely worth considering. However, it only deals with around 40 currencies, so make sure it covers where you want to send money to.
Also it’s worth shopping around first, because there are many money transfer alternatives out there, so use our guide to compare the fees, rates and details to find the best one for your transfer.
Frequently asked questions
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