Unplex vs XE: Fees, Rates & Speed Compared
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.
XE
4.4XE is a trusted name in currency exchange, offering international money transfers with competitive rates and no transfer fees for most corridors.
Unplex and XE are both popular choices for international money transfers, but they take different approaches. Unplex, founded in 2022 and headquartered in USA, is best known for fast, small remittances. XE, operating since 1993 from Newmarket, Canada, 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 $500 USD → PHP transfer, Unplex delivers ₱2978.69 more to the recipient.
In this comparison
Live comparison: Unplex vs XE across popular corridors
The table below shows how much the recipient receives when sending through Unplex vs XE on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | Unplex | XE | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹97,040.21 | ₹95,298.34 | Unplex (+₹1741.87) |
| GBP → EUR(£1,000) | — | €1,151.21 | N/A |
| USD → PHP($500) | ₱31,446.71 | ₱28,468.02 | Unplex (+₱2978.69) |
| USD → MXN($1,000) | — | MX$17,212.98 | N/A |
| GBP → PKR(£500) | — | ₨174,200.76 | 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 Unplex and XE
Unplex vs XE: Feature comparison
| Feature | Unplex | XE |
|---|---|---|
| Overall rating | 4.5/5 (Excellent) | 4.4/5 (Excellent) |
| Fee structure | No transfer fees | No transfer fees |
| Exchange rate markup | Competitive rate to INR | 0.5% - 1.5% above mid-market |
| Transfer speed | Minutes to 1 business day | 1-4 business days |
| Supported countries | 2+ | 130+ |
| Supported currencies | 4+ | 130+ |
| Max transfer | $50,000 | $500,000 |
| Payment methods | Bank Transfer, Debit Card | Bank Transfer, Debit Card, Credit Card |
| Delivery methods | Bank Deposit | Bank Deposit |
| Regulators | FinCEN | FCA, FinCEN, ASIC, FINTRAC |
| Founded | 2022 | 1993 |
Pros and cons
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
XE
Pros
- Well-known and trusted brand
- No transfer fees for most transfers
- Supports 130+ currencies
- Rate alerts available
- Excellent currency data and tools
Cons
- Exchange rates include a markup
- No cash pickup option
- Transfer speed can be slow
When to choose Unplex vs XE
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
Choose XE if:
- You want the real mid-market exchange rate with no hidden markup
- You're sending large amounts (XE supports up to $500,000)
- 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 (130+ vs 2+ countries)
Verdict: Unplex or XE?
Cost winner: Unplex
Unplex wins on cost in 2 of 6 corridors we tested. For example, on USD → INR ($1,000), the recipient gets ₹1741.87 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 1-4 business days for XE.
Wider coverage: XE
XE has broader coverage with 130+ countries and 130+ currencies. XE also offers Bank Deposit.
Bottom line
Overall, Unplex edges ahead for most users thanks to zero transfer fees on most corridors. That said, XE is the better pick if you need large transfers and business payments.
Frequently asked questions
Is Unplex or XE 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 XE 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 ₹1741.87 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, Unplex or XE?
Unplex typically completes transfers in Minutes to 1 business day, while XE takes 1-4 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 Unplex and XE safe to use?
Yes, both are regulated money transfer services. Unplex is regulated by FinCEN and has a 4.5/5 Trustpilot rating. XE is regulated by FCA, FinCEN, ASIC, FINTRAC with a 4.4/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for Unplex vs XE?
Unplex has a maximum transfer of $50,000 (minimum $1), while XE allows up to $500,000 (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 Unplex or XE to send money internationally?
For most users, Unplex offers better overall value thanks to zero transfer fees on most corridors. However, XE 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.