Regency FX vs TorFX: Fees, Rates & Speed Compared
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.
TorFX
4.5TorFX is an award-winning international payment specialist, ideal for large transfers with competitive exchange rates and dedicated account managers.
Regency FX and TorFX are both popular choices for international money transfers, but they take different approaches. Regency FX, founded in 2013 and headquartered in London, UK, is best known for large transfers and business payments. TorFX, operating since 2004 from Cornwall, 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.
In this comparison
Live comparison: Regency FX vs TorFX across popular corridors
The table below shows how much the recipient receives when sending through Regency FX vs TorFX on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | Regency FX | TorFX | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹95,682.42 | — | N/A |
| GBP → EUR(£1,000) | €1,154.55 | — | N/A |
| USD → PHP($500) | ₱30,735.51 | — | N/A |
| USD → MXN($1,000) | MX$17,173.04 | — | N/A |
| 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 Regency FX and TorFX
Regency FX vs TorFX: Feature comparison
| Feature | Regency FX | TorFX |
|---|---|---|
| Overall rating | 4.6/5 (Excellent) | 4.5/5 (Excellent) |
| Fee structure | No transfer fees | No transfer fees |
| Exchange rate markup | 0.3% - 0.9% above mid-market | 0.3% - 1.5% above mid-market |
| Transfer speed | Same day to 2 business days | 1-3 business days |
| Supported countries | 60+ | 60+ |
| Supported currencies | 50+ | 30+ |
| Max transfer | No limit | No limit |
| Payment methods | Bank Transfer | Bank Transfer |
| Delivery methods | Bank Deposit | Bank Deposit |
| Regulators | FCA | FCA, ASIC, FINTRAC |
| Founded | 2013 | 2004 |
Pros and cons
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
TorFX
Pros
- Dedicated account managers
- No transfer fees
- Competitive rates for large sums
- Forward contracts available
- Award-winning service
Cons
- Higher minimum transfer amount
- No card payments
- Fewer supported countries than competitors
When to choose Regency FX vs TorFX
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
Choose TorFX if:
- You want the real mid-market exchange rate with no hidden markup
- TorFX's strengths (Bank Deposit) match your needs
Verdict: Regency FX or TorFX?
Cost: Too close to call
Regency FX and TorFX 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.
Speed: Similar delivery times
Both providers offer similar transfer speeds. Regency FX typically delivers in Same day to 2 business days, while TorFX takes 1-3 business days. The actual speed depends on the corridor and delivery method.
Wider coverage: Regency FX
Regency FX has broader coverage with 60+ countries and 50+ currencies. Regency FX 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, TorFX is the better pick if you need large transfers and business payments.
Frequently asked questions
Is Regency FX or TorFX cheaper for international transfers?
It depends on the corridor. Our data across 6 routes shows Regency FX and TorFX are closely matched on total cost. Regency FX charges No transfer fees with a 0.3% - 0.9% above mid-market exchange rate markup, while TorFX charges No transfer fees with a 0.3% - 1.5% above mid-market markup. We recommend comparing rates for your specific transfer using our calculator.
Which is faster, Regency FX or TorFX?
Regency FX typically completes transfers in Same day to 2 business days, while TorFX takes 1-3 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 Regency FX and TorFX safe to use?
Yes, both are regulated money transfer services. Regency FX is regulated by FCA and has a 4.6/5 Trustpilot rating. TorFX is regulated by FCA, ASIC, FINTRAC 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 Regency FX vs TorFX?
Regency FX has a maximum transfer of no published upper limit (minimum $1000), while TorFX allows up to no published upper limit (minimum $100). 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 Regency FX or TorFX 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, TorFX 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.