TorFX 2018-02-01T11:19:28+00:00

TorFX

torfx-review

TorFX, along with Currencies Direct is part of Azibo Group. Since its formation in 2004, TorFX has grown rapidly worldwide with offices in the UK, Europe, US, Australia and South Africa. During these 13 years, they have received a number of awards and accolades in different forums not only by the industry experts but their clients as well. Today they deal with 28 currencies and transfer more than £3 billion foreign currencies every year across the world. TorFX stands out on trustpilot with a rating of 9.4/10 by over 2,300 reviewers.

Dealing with TorFX is pretty simple – You can register for an account online or over the phone. Once you’ve become their customer, they will assign a dedicated account manager to guide you through the process, keep you posted of the market changes and also to book your order. For transaction less than £25,000, you can place your order via their online portal at time of the day. But if you want to transfer money exceeding £25,000, you will need to call them to process. With TorFX, You can transfer a minimum of £100 with no fees at all and expect your beneficiary to receive it within 1-2 working days.

Visit TorFX
www.torfx.com
Founded: 2004
Headquarters: Penzance, Cornwall, UK
Offices: UK, Europe, Australia, USA, South Africa
Regulated by: FCA, ASIC
Trading channels: website, mobile app, telephone

reviews on TRUSTPILOT

5-trustpilot

9.4/10 Excellent

TorFX Key Features

Pay-in Options bank transfer, debit card
Recipient’s Options bank account
Min Transfer Amount £100
Max Transfer Amount £25,000 / call them to transfer more
Speed most transfers are completed in 1-2 days
Transfer Fees no fees on all transfers
Exchange Rate torfx offers a medium exchange rate
Currencies Available 28 currencies

TorFX Review

Transfer Fees

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.

Exchange Rate

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%.

Speed

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.

User Experience

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.

Visit TorFX

TorFX Pros and Cons

  • no transfer fees on all transfers

  • fast delivery – same day payments available

  • small minimum transfer amount £100

  • friendly UK based telephone support

  • more channels – website, mobile app, telephone

  • small max transfer amount £25,000 on website/app

  • only registered clients are able to compare exchange rate

  • bank account only, without cash pick-up

  • no 24/7 customer services

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