HiFX Vs Currency Solutions

If you are unsure of which foreign exchange or money transfer service provider to choose to look after your money, make sure you read our comparison of HiFX and Currency Solutions before making a decision:

When were they established?

HiFX

HiFX has existed since 1998, with a commitment to providing bank-beating global money transfers for its customers. The brand is regularly featured by the UK’s leading national and online press for its flexibility and simplicity.

Currency Solutions

As one of the more recent foreign exchange service providers, Currency Solutions was established in 2003 following the internet boom, with a unique focus on customer service and not only the money transfer rates it provides.

Currencies offered

HiFX

HiFX customers can avail themselves of 60 different currencies that can be transferred at rates significantly cheaper than high street banks.

Currency Solutions

As listed on the Currency Solutions website, the following currencies can be transferred through their team around the globe: Japanese yen (JPY), Canadian dollar (CAD), Hong Kong dollar (HKD), Polish zloty (PLN), Australian dollar (AUD), Hungarian forint (HUF), Danish krone (DKK), Brazilian real (BRL), Norwegian krone (NOK), New Zealand dollar (NZD), US dollar (USD), Euro (EUR), South African rand (ZAR), Israeli shekel (ILS), Czech koruna (CZK).

Minimum transfer

HiFX

– £50 (UK)

Currency Solutions

– £1,000 (Personal customers)
– £10,000 (Commercial customers)

Can you convert and send funds online, by phone or email?

HiFX

Clients have the ability to log in to the HiFX online trading platform to secure the currency they need at the most competitive price. Alternatively, they can call the HiFX team to complete their transactions.

Currency Solutions

Currency Solutions provides clients with a bespoke online trading platform to place their orders, as well as around-the-clock telephone support.

Where do they have offices?

HiFX

As a now global business, HiFX boasts four offices spanning the northern and southern hemispheres in the UK, Spain, Australia and New Zealand.

Currency Solutions

Offices located in London (UK) and Cyprus.

Who are they regulated by?

HiFX

In the UK, the company is regulated by the Financial Conduct Authority (FCA). In Australia and New Zealand, it is regulated by the FOS and FMA respectively.

Currency Solutions

The business is regulated solely by the Financial Conduct Authority (FCA) and HM Revenue and Customs (HMRC) in the UK.

What are their fees?

HiFX

All money transfers below £3,000 incur a £9 transfer fee.

Currency Solutions

No up-front fees are required for customers to transfer currency with Currency Solutions.

Positive or negative online reviews

HiFX

With nearly 11,000 TrustPilot reviews, HiFX boasts an ‘Excellent’ TrustPilot score of 9.3/10.

Currency Solutions

Currency Solutions boast almost flawless feedback from its customers on TrustPilot, with an outstanding 9.9/10 score, reinforcing the brand’s commitment to excellent client service.

Have they won any awards?

HiFX

– 2011, Australia Business Awards
– 2011, Tech Innovation Awards NZ

Currency Solutions

– Rated Best in “Money” Category (Trustpilot)
– Service Excellence Award (MoneyTransferComparison)

Alternative Currency Brokers and Money Transfer Firms

Currency BrokerWho are they?What do they offer?CEO InterviewMore Info

OFX

Currency broker OFX have transferred over £78b in currency conversions for 1 million customers around the global. They have a network of 115 global banking patterns, offer over 55 currency pairs, are regulated by over 55 global regulators and offer 24/7 customer service. OFX offer personal and business currency brokerage with zero commission. They offer same-day payments and forwards online or over the phone with 80% of all major currency transfers processed in 24 hours. Sarah Webb OFX Read Sarah Webb Interview Get A Quote

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Currencies Direct

Currencies Direct have helped more than 325,000 customers move money internationally since they were founded in 1996. With them customers can transfer 40+ currencies to 120+ countries. They have more than 20 global offices and employ over 500 currency experts. 24/7 transfers online, over the phone and by app No transfer fees Personal currency expert Spot and forward contracts, limit orders and rate alerts Specialist business transfer services and risk management solutions

Marc Morley-Freer – Currencies Direct Global Head of Personal Clients Marc Morley-Freer Interview

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TorFX

TorFX have been connecting their customers with great exchange rates and no transfer fees since 2004. They’ve won the Moneyfacts Consumer Award for International Money Transfer Provider of the Year five times (2016 – 2020) and have also won the Best Customer Service award four times (2016, 2017, 2019 and 2020). They have a five-star ‘Excellent’ TrustScore on Trustpilot. Dedicated account management The ability to transfer over the phone, online or by app Great exchange rates and hidden fees Tailored transfer services Free market updates Nigel Fox – Managing Director, TorFX

Nigel Fox MD Interview

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Linear Int Payments Linear International Payments is a currency broker that cater primarily to large currency transfers and conversions. Personal service and expert advice.
Online :
Phone:
Forwards:
Same_Day:
Options:
Currencies:40+
Min_Transfer:£1,000
Read Mark Phipps Interview Compare Quotes

Linear Reviews

RAM FX

Ram FX specialise in personal service for corporates, funds, family offices and high net-worth currency brokerage for individuals. Online :
Phone:
Forwards:
Same_Day:
Options:
Currencies:10+
Min_Trade:£1,000
Read Mark Henry Interview Compare Quotes

Ram FX Reviews

Assure Hedge

Assure Hedge specialise in online OTC FX Options for hedging Online :
Phone:
Forwards:
Same_Day:
Options:
Read Barry Mccarthy Interview Compare Quotes

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