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TorFX Money Transfer Review

Tor Currency Exchange Ltd (TorFX) is an FCA (Financial Conduct Authority) authorized international currency broker in the UK, offering international money transfer services and the most competitive currency exchange rates to individuals and businesses. TorFX has received the highest level of creditworthiness, a Rating 1, from Dun & Bradstreet.

TorFX Review

TorFX


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TorFX Products for Individuals

TorFX provides currency transfer services for individuals based on the customer’s currency exchange needs and the preferred timing of the transaction. TorFX allows customers to fix the currency exchange rate for up to two years in advance, helping them to lock in the best foreign exchange rates for their global transaction.

Individuals who need to transfer money internationally for any number of reasons, including buying a property, moving overseas, sending money abroad to family or friends, or making regular overseas payments, will find TorFX is prepared to help them find the most competitive exchange rates and provide support in the event they need assistance with their transaction.

For individuals who need to make regular, ongoing currency transactions for mortgage payments, school fees, or any other reason, TorFX offers the ability to automate payments. TorFX customers can establish a payment plan and choose between converting the payment at the exchange rate offered on the payment date, or can lock in a rate ahead of time to secure the best exchange rate.

TorFX Products for Businesses

TorFX offers a number of services tailored to corporate clients and businesses. These foreign exchange transaction services help corporate clients manage their foreign currency transaction needs. TorFX risk management services provide a range of tools that can help businesses manage their currency exchange risk exposure, including forward contracts and limit and stop loss order options to help lock in the best exchange rates for currency transactions. They also offer analysis and market monitoring services to help businesses make the most informed decisions about their currency exchange decisions.

For businesses that need to make regular, ongoing business payments for employee payroll, service fees, or royalties, TorFX offers the ability to set up automated payment plans at a commercial rate that is free of charge. The service is offered to business customers that need to transfer from £500 to £10,000 per month, for a minimum period of six continuous months. Businesses are able to establish more than one automated payment plan at a time.

About TorFX

TorFX was established in 2004 and has been listed in the Sunday Times Virgin Fast Track 100 as one of the UK's fastest growing private companies in 2008 and 2010, as well as being named the "Best European Currency Broker" by Overseas Living Magazine in 2010.

TorFX has no debt, an excellent credit rating, and continues to grow, currently processing more than £800 million per year in international payments and currency transactions. It is licensed as a money transmitter by HM Revenue and Customs, and is a member of the UK Money Transmitters Association.

The firm currently employs approximately 75 employees, and has over 50,000 private client accounts and 4,000 corporate / business client accounts. The firm provides segregated bank accounts for all its clients, complying withFCA rules that pertain to the safeguarding of client assets by maintaining segregated accounts.

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The website and the information it provides on this site is for informational purposes only, and does not constitute an offer or solicitation to sell shares or securities. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly, this website and its contents do not constitute investment advice or counsel or solicitation for investment in any security. This website and its contents should not form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. FX Compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.