moneytransfercomparison.comBest International Money Transfer Comparison: Top 6 for 2020

Skip to content July 30, 2020 MoneyTransferComparison International Money Transfer Companies Reviewed Best Companies & Comparison Corporate FX Online Money Transfers Best Apps Best FX Rates Guide Forwards International Money Transfer Comparison 2020 At MTC.com, we have created detailed, in-depth, reviews of the best international money transfer companies on the market. We have helped thousands discover the top money transfer services, and send their money overseas – safely, promptly, and for cheap. Begin your money transfer comparison today. Best Money Transfer Companies: Top 6 Updated for: July 2020 Min Transfer: £/€/$ 100 Currencies Supported: 39 Offices : UK, EU, USA, India, South Africa. Our Rating : 97.8% Most Global Offices and Reach No Fees from Anywhere 96% Client Satisfaction Currencies Direct Review Free Instant Quote Min Transfer: £/€ 1,000 Currencies Supported: 121 Offices : UK, EU, Australia, HK, Singapore. USA-based clients not accepted Our Rating : 95.4% Easiest Sign Up Process Great Online Sellers Offering Transparent Exchange Rates World First Review Free Instant Quote Min Transfer: £/€/$ 50 Currencies Supported: 120 Offices : UK, EU, Australia, USA, HK, UAE, and South America Our Rating : 92.8% Friendly, Professional Service Discounted Rates No Transfer Fees Discounted rates exclusively for our readers - great offer for large transfers Moneycorp Review Free Instant Quote Min Transfer: £/€/$ 100 Currencies Supported: 138 Offices : UK, EU, and South Africa. Our Rating : 90.6% Great Experience Specialising in Private Clients Sunday Times Track 100 Winner Global Reach Group Review Free Instant Quote Min Transfer: £/€/$ 100 Currencies Supported: 55 Offices : UK, Australia, Canada, USA, Hong Kong and Singapore. Our Rating : 90.4% Industry Veteran Publicly Traded Company Very High Level of Service OFX Review Free Instant Quote Min Transfer: None Currencies Supported: 55 Offices : UK, EU, Australia, USA , Japan and UAE. Our Rating : 86.8% Extremely Successful Clear Pricing, Fixed Margins All Online - Great for Small Transfers TransferWise Review Free Instant Quote Geographical Selection? Foreign exchange services compared and listed as a recommendations are headquartered in the UK, with the exception of Currencyfair (Ireland) and OFX (Australia). Currencies Direct , Moneycorp , Global Reach , Transferwise and WorldFirst are based in London, while TorFX is based in Penzance. They all accept clients from UK, EU, Australia, New Zealand, UAE, Singapore, HK, Canada and the majority of Europe. The only companies on our list able to on-board clients from South Africa are Currencies Direct and Transferwise. In the USA, OFX , Monyecorp and Transferwise are able to accept most or all states, while Currencies Direct is licensed in specific jurisdictions. Other companies on our list do not accept money transfer clients from the USA. Compare the Top 4 International Money Transfer Services Below we will compare 4 of the most interesting money transfer companies on the market. Moneycorp Currencies Direct WorldFirst Transferwise Safe? Yes, FCA Authorised Offering the service since 1979, regulated by FCA (UK) and FinCEN (USA), and holds a banking license in Gibraltar. Employs 880 people and exchanges £35bn in foreign currency each year. Yes, FCA Authorised Yes. More than 250,000 active clients with 95% of all online reviews being positive. Regulated by FCA (UK) and FinTrac (Canada). Employees 500 people across 20+ global offices with headquarters in London. Yes, FCA Authorised Yes, regulated by FCA (UK), FinTrac (Canada), and ASIC (Australia). Transferring billions annually. Multiple awards inculding Queen’s Award for International Trade. Yes, FCA Authorised Yes, possibly the largest money transfer company of its kind in the UK and globally today. More than $400m in funding, and over a million clients are using Transferwise’s services. Transfer Fees? No. No. No. No. FX Margins? Excellent, Preferential Rates for our Readers Varies. On smaller transfers the margin for our readers starts at 0.75% (preferntial rate for our readers), but on larger transfers Moneycorp will discount the margin heavier. Excellent, Varies Based on Amount Varies. On smaller transfers it may be a higher margin but on larger deals they will compete with any offering from a competing company and beat it. Superb, 0.15% to 0.5% FX markups 0.5% flat rate for transfers of all sizes above £1,000. Clients who move larger volumes can get 0.15%-0.25% margins. Great, 0.5% to 0.7% per Transfer, on average Ranging between 0.27% for USD transfers above $135,000 to 2.31% for the BRL. On average for popular routes it is about 0.5%. Dedicated Dealer? Yes Yes, clients with Moneycorp enjoy guidance and assitance by a dedicated dealer with FX expertise. Yes Yes. All clients with requirements of £5,000 or more will be eligible for a dedicated personal trader who will handle their requirements personally. Yes Yes. You will be matched with one person taking care of your FX needs and you will be dealing with him exclusively. He will escort you through trades. No No. You will get all the support you require but Transferwise doesn’t offer a dedicated currency dealer. Website Website: moneycorp.com Website: currenciesdirect.com Website: Worldfirst.com Website: Transferwise.com Read All Money Transfer Reviews (59 Providers to Date) What Differentiates Money Transfer Comparison from Other Websites Our aim is to compare and review all of the prominent top 10 currency exchange companies globally. We aspire to do so in a detailed manner, and help our readers make up their own mind as to which is the best international money transfer service to use. In order to facilitate that, we have devoted days and nights to review and compare more than 55 of the leading money transfer providers (by popularity and market share). We keep our money transfer comparisons up to date, and make a conscious effort to improve them, one day at a time. We do not offer real time fx rate comparison where we show the rates, nor promise you to save any specific £ figure or percentage on your transactions, simply because we found these methods, which some of our competitors have opted to use, as simply inaccurate . As the foreign exchange rates in the market constantly fluctuate, so are the quotes provided by money transfer services in UK. We prefer to make our comparison based on other attributes, such as reputation, market size, quality of online money transfer services (including mobile money transfer apps ), and level of customer service. We believe finding the best currency exchange rate available is only feasible for those who bother educating themselves about the ins and outs of how the money transfer service industry operates, and this is precisely what we aspire to provide to our readers. Additional information on how we make our top company selection is available below. In a similar fashion to other websites in this industry we are have decided to monetise MoneyTransferComparison by partnering up with some of the industry’s leading international money transfer services ( only companies hitting a score of 85% or better ) and referring clients over to them*, but we strive to provide truthful, up to date, and valid information on our money transfer reviews . * That means links and buttons pointing out to external websites may be partner links. We write about this in great depth on our about us pages and various portions of the site as we are firm believers in transparency. Read more about MoneyTransferComparison here What Do Our Readers Think About Us? Testimonial by a Fast Track 100 Listed Company: Intamarque is one of the UK’s fastest growing distributors’ of FMCG lines with sales growing from zero to £35m in just 10 years. We were awarded the Fast Track 100 award which identifies Britain’s private companies with the fastest-growing sales. … We recently had the pleasure of using the service of MoneyTransferComparison.com who helpe...