OFX vs Profee: Fees, Rates & Speed Compared
OFX
4.2OFX is a global money transfer service specializing in large transfers for individuals and businesses, offering competitive rates with no transfer fees.
Profee
4.1Profee offers international money transfers with competitive rates, particularly strong on European and CIS country corridors.
OFX and Profee are both popular choices for international money transfers, but they take different approaches. OFX, founded in 1998 and headquartered in Sydney, Australia, is best known for large transfers and business payments. Profee, operating since 2017 from London, UK, focuses on fast, small remittances. This comparison uses real transfer data collected from both providers across 6 popular corridors to show you exactly which one offers better value for your specific needs. Our data shows the difference can be significant — on a £500 GBP → PKR transfer, Profee delivers ₨7510.71 more to the recipient.
In this comparison
Live comparison: OFX vs Profee across popular corridors
The table below shows how much the recipient receives when sending through OFX vs Profee on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | OFX | Profee | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹91,170.89 | — | N/A |
| GBP → EUR(£1,000) | €1,121.44 | €1,118.66 | OFX (+€2.78) |
| USD → PHP($500) | ₱28,585.50 | — | N/A |
| USD → MXN($1,000) | MX$16,800.73 | — | N/A |
| GBP → PKR(£500) | ₨180,851.98 | ₨188,362.69 | Profee (+₨7510.71) |
| USD → NGN($200) | — | — | N/A |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between OFX and Profee
OFX vs Profee: Feature comparison
| Feature | OFX | Profee |
|---|---|---|
| Overall rating | 4.2/5 (Good) | 4.1/5 (Good) |
| Fee structure | No transfer fees | From $0 depending on corridor |
| Exchange rate markup | 0.5% - 1.5% above mid-market | 0.5% - 2% above mid-market |
| Transfer speed | 1-3 business days | Minutes to 2 days |
| Supported countries | 190+ | 100+ |
| Supported currencies | 55+ | 40+ |
| Max transfer | No limit | $10,000 |
| Payment methods | Bank Transfer | Bank Transfer, Debit Card, Credit Card |
| Delivery methods | Bank Deposit | Bank Deposit, Card Deposit |
| Regulators | ASIC, FCA, FinCEN | FCA |
| Founded | 1998 | 2017 |
Pros and cons
OFX
Pros
- No transfer fees on any amount
- Competitive rates for large transfers
- 24/7 customer support
- Forward contracts available
- Business solutions
Cons
- Higher minimum transfer ($100+)
- Only bank transfer payments accepted
- Rates less competitive for small amounts
Profee
Pros
- Competitive rates to Eastern Europe and CIS
- Card-to-card transfers
- Simple fee structure
Cons
- Lower transfer limits
- Limited brand recognition
- No cash pickup option
When to choose OFX vs Profee
Choose OFX if:
- You want the real mid-market exchange rate with no hidden markup
- You need to transfer large sums (OFX has no upper limit)
- You want to lock in an exchange rate with a forward contract
- You need a business account for commercial payments
- You need wider country coverage (190+ vs 100+ countries)
Choose Profee if:
- You want the real mid-market exchange rate with no hidden markup
- You want zero transfer fees (From $0 depending on corridor)
- Speed is your top priority — transfers can arrive in minutes
Verdict: OFX or Profee?
Cost: Too close to call
OFX and Profee are closely matched on cost. Across our 6 sample corridors, neither provider consistently delivers more to the recipient. The best choice depends on your specific corridor.
Faster: Profee
Profee is generally faster, with transfers arriving in Minutes to 2 days, compared to 1-3 business days for OFX.
Wider coverage: OFX
OFX has broader coverage with 190+ countries and 55+ currencies. OFX also offers Bank Deposit.
Bottom line
Overall, OFX edges ahead for most users thanks to transparent pricing with the real mid-market exchange rate. That said, Profee is the better pick if you need fast, small remittances.
Frequently asked questions
Is OFX or Profee cheaper for international transfers?
It depends on the corridor. Our data across 6 routes shows OFX and Profee are closely matched on total cost. OFX charges No transfer fees with a 0.5% - 1.5% above mid-market exchange rate markup, while Profee charges From $0 depending on corridor with a 0.5% - 2% above mid-market markup. We recommend comparing rates for your specific transfer using our calculator.
Which is faster, OFX or Profee?
OFX typically completes transfers in 1-3 business days, while Profee takes Minutes to 2 days. Actual speed depends on the corridor, payment method, and delivery option you choose. Bank transfers tend to be slower than card-funded transfers, and bank deposits are generally faster than cash pickups.
Are OFX and Profee safe to use?
Yes, both are regulated money transfer services. OFX is regulated by ASIC, FCA, FinCEN and has a 4.2/5 Trustpilot rating. Profee is regulated by FCA with a 4.1/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for OFX vs Profee?
OFX has a maximum transfer of no published upper limit (minimum $100), while Profee allows up to $10,000 (minimum $10). Limits may vary by corridor, account verification level, and payment method. New accounts typically start with lower limits that increase over time.
Can I get cash pickup with OFX or Profee?
OFX offers Bank Deposit. Profee offers Bank Deposit, Card Deposit. Neither provider offers cash pickup — both deliver to bank accounts only.
Should I use OFX or Profee to send money internationally?
For most users, OFX offers better overall value thanks to transparent pricing with the real mid-market exchange rate. However, Profee is the better choice if you need fast, small remittances. The best provider for you depends on your corridor, transfer size, and whether you need features like Card Deposit.