OFX vs Regency FX: Fees, Rates & Speed Compared
OFX
4.4OFX is a global money transfer service specializing in large transfers for individuals and businesses, offering competitive rates with no transfer fees.
Regency FX
4.6Regency FX is a UK-based foreign exchange specialist offering bank-beating exchange rates with a dedicated account-management approach. FCA-authorised payment institution suited for larger personal and business transfers.
OFX and Regency FX 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. Regency FX, operating since 2013 from London, UK, focuses on large transfers and business payments. 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 $1,000 USD → INR transfer, Regency FX delivers ₹3839.11 more to the recipient.
In this comparison
Live comparison: OFX vs Regency FX across popular corridors
The table below shows how much the recipient receives when sending through OFX vs Regency FX on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | OFX | Regency FX | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹91,843.31 | ₹95,682.42 | Regency FX (+₹3839.11) |
| GBP → EUR(£1,000) | €1,122.16 | €1,154.55 | Regency FX (+€32.39) |
| USD → PHP($500) | ₱28,562.91 | ₱30,735.51 | Regency FX (+₱2172.60) |
| USD → MXN($1,000) | MX$16,629.24 | MX$17,173.04 | Regency FX (+MX$543.80) |
| GBP → PKR(£500) | — | ₨188,379.38 | N/A |
| 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 Regency FX
OFX vs Regency FX: Feature comparison
| Feature | OFX | Regency FX |
|---|---|---|
| Overall rating | 4.4/5 (Excellent) | 4.6/5 (Excellent) |
| Fee structure | No transfer fees | No transfer fees |
| Exchange rate markup | 0.5% - 1.5% above mid-market | 0.3% - 0.9% above mid-market |
| Transfer speed | 1-3 business days | Same day to 2 business days |
| Supported countries | 190+ | 60+ |
| Supported currencies | 55+ | 50+ |
| Max transfer | No limit | No limit |
| Payment methods | Bank Transfer | Bank Transfer |
| Delivery methods | Bank Deposit | Bank Deposit |
| Regulators | ASIC, FCA, FinCEN | FCA |
| Founded | 1998 | 2013 |
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
Regency FX
Pros
- Dedicated account managers for every client
- No transfer fees
- Bank-beating rates on larger transfers
- Forward contracts and limit orders available
- FCA-authorised payment institution (FRN 671508)
Cons
- Higher minimum suited to larger transfers
- No card or mobile-wallet funding
- Account onboarding required before first transfer
When to choose OFX vs Regency FX
Choose OFX if:
- You want the real mid-market exchange rate with no hidden markup
- You need wider country coverage (190+ vs 60+ countries)
- OFX's strengths (Bank Deposit) match your needs
Choose Regency FX if:
- You want the real mid-market exchange rate with no hidden markup
- You value user experience — Regency FX is rated 4.6/5 on Trustpilot
- Regency FX's strengths (Bank Deposit) match your needs
Verdict: OFX or Regency FX?
Cost winner: Regency FX
Regency FX wins on cost in 4 of 6 corridors we tested. For example, on USD → INR ($1,000), the recipient gets ₹3839.11 more with Regency FX. Regency FX achieves this through transparent pricing with the real mid-market exchange rate.
Speed: Similar delivery times
Both providers offer similar transfer speeds. OFX typically delivers in 1-3 business days, while Regency FX takes Same day to 2 business days. The actual speed depends on the corridor and delivery method.
Wider coverage: OFX
OFX has broader coverage with 190+ countries and 55+ currencies. OFX also offers Bank Deposit.
Bottom line
Overall, Regency FX edges ahead for most users thanks to transparent pricing with the real mid-market exchange rate. That said, OFX is the better pick if you need large transfers and business payments.
Frequently asked questions
Is OFX or Regency FX cheaper for international transfers?
Based on our data, Regency FX is generally cheaper across most corridors. Regency FX charges No transfer fees with a 0.3% - 0.9% above mid-market exchange rate markup, while OFX charges No transfer fees with a 0.5% - 1.5% above mid-market markup. For example, on a $1,000 USD → INR transfer, Regency FX delivers ₹3839.11 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, OFX or Regency FX?
OFX typically completes transfers in 1-3 business days, while Regency FX takes Same day to 2 business 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 Regency FX safe to use?
Yes, both are regulated money transfer services. OFX is regulated by ASIC, FCA, FinCEN and has a 4.4/5 Trustpilot rating. Regency FX is regulated by FCA with a 4.6/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for OFX vs Regency FX?
OFX has a maximum transfer of no published upper limit (minimum $100), while Regency FX allows up to no published upper limit (minimum $1000). Limits may vary by corridor, account verification level, and payment method. New accounts typically start with lower limits that increase over time.
Should I use OFX or Regency FX to send money internationally?
For most users, Regency FX offers better overall value thanks to transparent pricing with the real mid-market exchange rate. However, OFX is the better choice if you need large transfers and business payments. The best provider for you depends on your corridor, transfer size, and whether you need features like Bank Deposit.