OFX vs Unplex: 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.
Unplex
4.5Unplex is a digital remittance service focused on transfers to India and the Philippines, offering competitive exchange rates with zero transfer fees and an enhanced first-time rate for new customers.
OFX and Unplex 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. Unplex, operating since 2022 from USA, 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 $1,000 USD → INR transfer, Unplex delivers ₹5665.74 more to the recipient.
In this comparison
Live comparison: OFX vs Unplex across popular corridors
The table below shows how much the recipient receives when sending through OFX vs Unplex on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | OFX | Unplex | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹91,374.47 | ₹97,040.21 | Unplex (+₹5665.74) |
| GBP → EUR(£1,000) | €1,125.89 | — | N/A |
| USD → PHP($500) | ₱28,227.88 | ₱31,446.71 | Unplex (+₱3218.83) |
| USD → MXN($1,000) | MX$16,677.92 | — | N/A |
| GBP → PKR(£500) | ₨180,127.88 | — | 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 Unplex
OFX vs Unplex: Feature comparison
| Feature | OFX | Unplex |
|---|---|---|
| Overall rating | 4.2/5 (Good) | 4.5/5 (Excellent) |
| Fee structure | No transfer fees | No transfer fees |
| Exchange rate markup | 0.5% - 1.5% above mid-market | Competitive rate to INR |
| Transfer speed | 1-3 business days | Minutes to 1 business day |
| Supported countries | 190+ | 2+ |
| Supported currencies | 55+ | 4+ |
| Max transfer | No limit | $50,000 |
| Payment methods | Bank Transfer | Bank Transfer, Debit Card |
| Delivery methods | Bank Deposit | Bank Deposit |
| Regulators | ASIC, FCA, FinCEN | FinCEN |
| Founded | 1998 | 2022 |
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
Unplex
Pros
- Zero transfer fees on all corridors
- Competitive exchange rates to India and the Philippines
- Enhanced first-time rate for new customers
- 4.5/5 on Trustpilot
Cons
- Only sends to India and the Philippines
- Limited to USD, GBP, EUR and CAD send currencies
- Bank deposit only — no cash pickup
When to choose OFX vs Unplex
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 2+ countries)
Choose Unplex if:
- Speed is your top priority — transfers can arrive in minutes
- You value user experience — Unplex is rated 4.5/5 on Trustpilot
- Unplex's strengths (Bank Deposit) match your needs
Verdict: OFX or Unplex?
Cost winner: Unplex
Unplex wins on cost in 2 of 6 corridors we tested. For example, on USD → INR ($1,000), the recipient gets ₹5665.74 more with Unplex. Unplex achieves this through zero transfer fees on most corridors.
Faster: Unplex
Unplex is generally faster, with transfers arriving in Minutes to 1 business day, 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, Unplex edges ahead for most users thanks to zero transfer fees on most corridors. That said, OFX is the better pick if you need large transfers and business payments.
Frequently asked questions
Is OFX or Unplex cheaper for international transfers?
Based on our data, Unplex is generally cheaper across most corridors. Unplex charges No transfer fees with a Competitive rate to INR 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, Unplex delivers ₹5665.74 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, OFX or Unplex?
OFX typically completes transfers in 1-3 business days, while Unplex takes Minutes to 1 business day. 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 Unplex 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. Unplex is regulated by FinCEN with a 4.5/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for OFX vs Unplex?
OFX has a maximum transfer of no published upper limit (minimum $100), while Unplex allows up to $50,000 (minimum $1). 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 Unplex to send money internationally?
For most users, Unplex offers better overall value thanks to zero transfer fees on most corridors. 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.