TorFX review

TorFX is an award-winning international payment specialist, ideal for large transfers with competitive exchange rates and dedicated account managers. Founded in 2004 and based in Cornwall, UK, TorFX is a specialist currency broker. TorFX is authorised and regulated by FCA, ASIC, FINTRAC, which means customer money is safeguarded separately from company funds. It currently holds a Trustpilot score of 4.9 out of 5 from roughly 9,882 reviews, which we rate excellent.

On fees, TorFX charges nothing upfront on the majority of corridors (no transfer fees), but the bigger cost is usually the exchange-rate markup of 0.3% - 1.5% above mid-market, which is built into the rate rather than shown as a line item. The minimum transfer is $100, with no fixed upper limit on most corridors. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at 1-3 business days, and the service reaches 60+ countries across 30+ currencies. You can fund a transfer by Bank Transfer, with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors TorFX handles best.

On the plus side: dedicated account managers, no transfer fees and competitive rates for large sums. That makes it a sensible choice for larger, planned transfers such as property purchases, tuition or business payments. Worth keeping in mind: higher minimum transfer amount and no card payments. As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.