TorFX Review: Should you send money abroad with them?

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In this TorFX review, we give our ratings based on their nearest peers and tell you what we think of them after testing them with real money. Plus we highlight the key costs, facts and figures of their accounts.

TorFX Review
TorFX

Name: TorFX

Description: TorFX is a currency specialist and currency broker founded in 2004 offering foreign exchange conversion services in 40 currencies. TorFX converts and transfers around £7.5 billion a year and is based in Cornwall, UK.

Summary

A good choice if you are buying a property abroad and want bank beating exchange rates and personal service to help with the tansfer.

Pros

  • Personal service
  • Bank beating exchange rates
  • Currency forwards

Cons

  • Not great for small transfers
  • Pricing
    (4)
  • Market Access
    (4.5)
  • Online Platform
    (4)
  • Customer Service
    (4.5)
  • Research & Analysis
    (3.5)
Overall
4.1

TorFX Facts & Figures

💱 Total Currencies40 offered
💵 Min Transfer£100
💰 Max TransferNo maximum transfer
🛒 Customers325,000+
🏛️ Founded2004
💱 Transfers£7.5 billion a year
🏢 HQCornwall, UK
⚖️ RegulatedYes – Authorised by FCA
Account Options
🧍 Personal Transfers✔️
👔 Business Transfers✔️
🗓️Currency Forwards24 months
💸 Currency Options
🤝 Personal ServiceYes- rated highly
📱 Phone DealingYes – superb service
🌐 WebsiteVisit TorFX

TorFX Awards

TorFX won best currency forward contract provider in our 2023 awards.

YouTube video

TorFX MD Interview

For this review, we interviewed Nigel Fox, TorFX’s Managing Director on what it’s like running a currency broker.

Nigel Fox – Managing Director, TorFX

Customer Reviews

4.0
4.0 out of 5 stars (based on 61 reviews)
Excellent49%
Very good20%
Average21%
Poor7%
Terrible3%

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