TorFX insists a strict policy of free transfers with no hidden fees. It means there’s no transfer fees on all transfers regardless the sending amount.
TorFX offers a median exchange rate among its competitors. Generally, they earn profit from markup which tends to be 1%-2%. But this could vary sharply depending on currency and amount. For example, if you convert GBP to USD or AUD, the markup is as low as 1.2%-1.3%; to other currency like INR or MXN, it becomes nearly 2%.
The delivery of TorFX relies on the currency you’re going to send. It prides itself on offering same day transfers which can beat an awful lot of competitors. Typically, your money will arrive within 1-2 business days.
TorFX features its telephone numbers in the header of homepage, so clients can easily reach them over the phone, which is not 24/7 though. The FAQs section in the same header is very helpful, answering relevant questions to transfers from speed to money safety to transfer costs and exchange rate. With TorFX, customers can make transfer online either through website or mobile app 24 hours a day, 7 days a week.
You can get a free quote on its website. Simply fill in some basic information regarding your transfer needs, and a representative will contact you shortly. It’s not straightforward for those who need to compare exchange rate. Like some of other providers such as HiFX, TorFX also only allows registered customers to check real time rate after they log in to their accounts.
If you want to make international payments from £100 to £25,000, you can simply trade online. The telephone support comes in handy when you’re trying to seek a transfer exceeding £25,000. Anyway, TorFX can meet your requirements from small to big by different means.