What does Currencies Direct do?

Currencies Direct are a traditional currency broker and offer phone and online international currency transfers. Currencies Direct was established in 1996 and accept clients from all over the world. They offer over 30 currencies and you can convert and send as little as £100 with no maximum online or over the phone with one of their dealers. Currencies Direct have local offices in the UK, Spain, Portugal India, UAE, South Africa and America.

How much does Currencies Direct cost?

As with most currency brokers Currencies Direct does not publish its pricing online. However, if you are doing a large foreign exchange transaction you should not be expected to pay over 0.5% from the mid-market price. Anything more than that would be too expensive for Currencies Direct. For smaller transactions expect to pay up to 1%. For guidance on currency transfer pricing read our guide on how to compare currency quotes. One thing to be mindful of though is that as pricing is not fixed or published you should get in writing what your exchange rate mark up will be.

Are Currencies Direct a good currency broker?

Good Money Guide rates Currencies Direct as a five-star currency broker as they are well established and have offices around the global. As Currencies Direct operate a traditional "account executive" based service customers can convert and transfer funds online as well as having the option to talk to a real person for advice and help.

What do clients think of Currencies Direct?

The below data is taken from the average weighted scores of over 500 currency transfer clients who completed our Good Money Guide Awards survey in which currency brokers asked their clients to rank their services against peers.

Currencies Direct 2020 Review Client Satisfaction Levels

97% of clients would RECOMMEND Currencies Direct to a friend97%
92% of clients are satisfied with Currencies Direct's FEES & COSTS92%
88% of clients are satisfied with Currencies Direct's CURRENCY PAIR COVERAGE88%
92% of clients are satisfied with Currencies Direct's ONLINE PLATFORM92%
91% of clients are satisfied with Currencies Direct's ADVICE SERVICES91%
96% of clients find Currencies Direct EASY TO USE96%
97% of clients are satisfied with Currencies Direct's RELIABILITY97%
96% of clients trust Currencies Direct to safeguard their FUNDS96%
95% of clients are satisfied with Currencies Direct's CUSTOMER SUPPORT95%
78% of clients are satisfied with Currencies Direct's EDUCATIONAL MATERIAL78%
84% of clients are satisfied with Currencies Direct's ANALYSIS & TOOLS84%

Currencies Direct User Reviews

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Currencies Direct
Average rating:  
 11 reviews
Sep 11, 2020
by L Paddock on Currencies Direct
Online Platform (out of 5 stars): 4 stars
Customer Service (out of 5 stars): 5 stars
Fees & Pricing (out of 5 stars): 4 stars

Good, efficient service

Sep 9, 2020
by Amanda Rigby on Currencies Direct
Online Platform (out of 5 stars): 5
Customer Service (out of 5 stars): 5
Fees & Pricing (out of 5 stars): 5

Used CurrenciesDirect for many years as an overseas home owner.. they have got better as time as move on & would definitely recommend them.

Sep 9, 2020
by Ray on Currencies Direct
Online Platform (out of 5 stars): 5
Customer Service (out of 5 stars): 5
Fees & Pricing (out of 5 stars): 5

Excellent speedy service, good rates and great security. One of the best!

Sep 3, 2020
by Graham Davies on Currencies Direct
Online Platform (out of 5 stars): 5 stars
Customer Service (out of 5 stars): 5 stars
Fees & Pricing (out of 5 stars): 5 stars

Used currencies direct for many years, always excellent service. Since it improved the rate for smaller transfers its the best in the market. The wallet system is so useful for taking advantage of increases in rates. Well done to the team and thanks for making it easy to use.

Aug 28, 2020
by Roy Gough on Currencies Direct
Online Platform (out of 5 stars): 4
Customer Service (out of 5 stars): 4
Fees & Pricing (out of 5 stars): 4

I'm happy with the service

Aug 26, 2020
by Glendyr Dade on Currencies Direct
Online Platform (out of 5 stars): 5
Customer Service (out of 5 stars): 5
Fees & Pricing (out of 5 stars): 5

Thank you Currencies Direct for doing such a great job of looking after my clients.

Aug 19, 2020
by Mary on Currencies Direct
Online Platform (out of 5 stars): 5
Customer Service (out of 5 stars): 5
Fees & Pricing (out of 5 stars): 5

Jade was very helpful explaining the procedure prior to my transaction.

Aug 19, 2020
by Roger Hiscock on Currencies Direct
Online Platform (out of 5 stars): 5
Customer Service (out of 5 stars): 5
Fees & Pricing (out of 5 stars): 5

I have used Currencies Direct for some years to move currency from UK to Spain and from Spain to South Africa and UK. It is a great service, easy to use and the customer service is excellent.

Aug 17, 2020
by Tony Kelly on Currencies Direct
Online Platform (out of 5 stars): 5
Customer Service (out of 5 stars): 5
Fees & Pricing (out of 5 stars): 5

A pleasure to deal with🤗

Aug 14, 2020
by Gary on Currencies Direct
Online Platform (out of 5 stars): 5
Customer Service (out of 5 stars): 5
Fees & Pricing (out of 5 stars): 5

Excellent service, easy app... saved me tonnes when moving to Spain. Thanks CD!

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What's in this Currencies Direct review? show
91%
Client Satisfaction

Compare Currencies Direct To Other Currency Brokers

As a currency broker they are regulated by the FCA in the UK and FinCen in the US.  They advertise zero fees on transfers by do not publish the spread from the mid market rate that you will pay. When you open an account make sure you agree a rate with a sales person and get it in writing first. You should ask for "what percentage from the mid-market will my price be".  Anything more than 1% for conversions under £10,000 or under 0.5% for conversions is not a competitive price.
You can compare other money transfer providers here, or take a look at the Currency Direct reviews on trust pilot.
Major good points are that Currencies Direct is a well-established player in the market and transfer nearly £5bn annually.  They have local offices and an online platform for converting and sending money.
However, they (as with most currency brokers) don't have a functioning APP and they only accept funds via bank transfer.