TorFX does NOT charge any fees on all transfers.
TorFX offers a decent 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 currencies like INR or MXN, it becomes nearly 2%.
The delivery of TorFX depends on the currency you’re going to send. It prides itself on offering same day transfers, which can beat a lot of its competitors. Typically, your money will arrive within 1-2 business days.
TorFX features its telephone numbers in the header of its homepage, so clients can easily reach them. It is not 24/7 though. The FAQs section in the same header is very helpful, answering relevant questions about transfers from speed, to money safety, to transfer costs, and exchange rates. With TorFX, customers can make transfers online, either through its website, or mobile app 24 hours a day, 7 days a week.
You can also 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 rates. Like some 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 transfer amounts exceeding £25,000. Either way, TorFX can meet your requirements from small to large amounts.