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 and customers reviews on Trustpilot are also very strong.

 

Speak to a broker at Tor today on 02030180016

 

Fee: ? No Fees via FXcompared
Bank Partner: ? Barclays
Speed: ? 1-3 days
Country Notes Offer local bank settlement in a large number of countries worldwide
Local settlement: ? Worldwide
Transfer methods ? Phone and online transfer services
Regulated By: ? FCA, ASIC
General Notes Personal account managed service with experienced staff.

The pros and cons of using TorFX

pros

Dedicated account management

Two customer service awards

Highest Trustpilot rating – 5 stars

Free to open an account

Fee-free transactions anywhere

Educational guides on buying a property abroad

cons

Market insights are often lagging, so too far behind for them to be actionable

Mobile app is only available in IOS and not for Android

Website information is hidden from main menus, leaving it hard to find

TorFX

TorFX Products for Individuals

money transfers with torfxTorFX 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 Business

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.


Interested in learning more about TorFX? Check out our interview with TorFX CEO, Jon Beddell.

Amount Received £ 10,000.00
£ 174.20 Avg. Saving vs. Banks ?
EUR11,040.94
USDn/a
CAD16,253.97
AUD18,065.55

Compare Other Currency Rates

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Other International Money Transfer Quotes

OFX (UK)

?
Est. 1998

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

More Info Less Info

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

Amount Received
USD $11,997.57
GBP £163.73
saved vs. banks

Moneycorp

?
Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

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One-off payments | Regular payments | Great rates | Safeguarded customer funds

Amount Received
USD $12,029.16
GBP £189.73
saved vs. banks
Bank Beating Rates

Currencies Direct

Call us0203 018 1318

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

More Info Less Info

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
USD $12,017.01
GBP £179.73
saved vs. banks

Global Reach (formerly FC Exchange)

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

More Info Less Info

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

Amount Received
USD $12,041.31
GBP £199.73
saved vs. banks

WorldFirst

?
Est. 2004

Transparency and security | Great customer feedback rating from Feefo

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Transparency and security | Great customer feedback rating from Feefo

Amount Received
USD $12,089.91
GBP £239.73
saved vs. banks

Western Union Business Solutions

The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.
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The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.
Amount Received
USD $11,968.41
GBP £139.73
saved vs. banks

Azimo

?
Est. 2012

Azimo is an online only provider with a focus on mobile money transfers. They also work with the top global banks and payment providers to ensure the safe delivery of your money and payout globally.

More Info Less Info

Azimo is an online only provider with a focus on mobile money transfers. They also work with the top global banks and payment providers to ensure the safe delivery of your money and payout globally.

Amount Received
USD $12,136.00
GBP £277.66
saved vs. banks

RationalFX

?
Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
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Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
Amount Received
USD $12,047.39
GBP £204.73
saved vs. banks

Currency Solutions

Currency exchange specialists ranking No.1 on Trustpilot for the past two years
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Currency exchange specialists ranking No.1 on Trustpilot for the past two years
Amount Received
USD $12,052.25
GBP £208.73
saved vs. banks

Smart Currency Exchange

Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
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Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
Amount Received
USD $12,047.39
GBP £204.73
saved vs. banks

WorldRemit

?
Est. 2010

WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

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WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

Amount Received
USD $12,002.00
GBP £167.38
saved vs. banks

Rates From The Average UK High Street Bank

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

More Info Less Info

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

Amount Received
USD $11,750.67
No saving vs. banks

PayPal

?
Est. 1998

Shop with PayPal and you’ll still earn your points, airmiles and cashback. Fees are shown as part of the overall exchange rate.

More Info Less Info

Shop with PayPal and you’ll still earn your points, airmiles and cashback. Fees are shown as part of the overall exchange rate.

Amount Received
USD $11,725.39
No saving vs. banks

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. 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 (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.