Xe Review: More than just data, they now transfer currency.

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I’ve always liked Xe.com, the website has always been an excellent resource for currency information. But ever since they were bought by Euronet under their HiFX brand in 2017 you can now use them for international currency transfers. In our review, we rate Xe as a safe, quick and cheap way to transfer money abroad.

Xe Review
Xe money transfers

Name: Xe

Description: Xe started off life as an online currency conversion calculator, then started flogging the data to currency transfer providers, then in 2002 decided to compete with all it’s customers and offer online money transfers (which it provides through HiFX in the UK. At the time, HiFX was one of the largest money transfer providers in the UK, but as Xe.com is one of the largest currency conversion calculators in the world (in the top 500 websites by traffic) HiFX decided to rebrand to Xe.

Summary

A good option if you are looking for cheap no frills small to medium-sized currency transfers from a trusted and well-established brand. However, if you have a large amount of currency to transfer and need personal service, you are better off with a currency broker.

Pros

  • Discounted exchange rates
  • Good data and charting
  • Good currency calculator

Cons

  • Not suitable for large transfers
  • No forwards or hedging
  • Exchange Rates
    (4.5)
  • Available Currencies
    (3)
  • Online Platform
    (4)
  • Customer Service
    (3)
  • Research & Analysis
    (1)
Overall
3.1

Richard’s Xe Review

Xe is now part of the Euronet Worldwide family, who were recognised as leaders in the currency exchange space. It aims to offer the most simple, reliable, and friendly money transfer service.

XE offers:

  • Good exchange rates. XE uses mid-market rates.
  • Transfers to more than 130 countries.
  • Fast delivery.
  • Transparent delivery times so that you can move money fast.
  • Tools such as currency charts and alerts. You can set an alert so that you never miss your desired rate.
  • A good app that allows you to make transfers on the go.

One downside to XE is that fees and charges can be higher than those of some other providers. Overall, however, it’s a very solid provider and one that is well suited to more sophisticated users.

When comparing money transfer providers, user reviews can help you determine which providers are the best. Here are independently sourced and verified money transfer company reviews to help you decide which money transfer service to use.

 

Xe Facts & Figures

💱 Total Currencies98+ offered
💵 Min Transfer£1
💰 Max Transfer$500,000
🛒 Customers500,000
🏛️ Founded1993
🏢 HQNewmarket, Canada
⚖️ RegulatedYes – by the FCA
Account Options
🧍 Personal Transfers✔️
👔 Business Transfers✔️
📅 Currency Forwards
💸 Currency Options
🤝 Personal Service
📱 Phone Dealing
⌨️ Online PlatformYes – very easy to use
⭐ TrustPilot Rating4.3/5
🌐 WebsiteVisit Xe

Xe Customer Reviews

3.9
3.9 out of 5 stars (based on 74 reviews)
Excellent32%
Very good27%
Average37%
Poor4%
Terrible0%

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Xe.com Money Transfer FAQs

Yes, we rate Xe.com as a safe way to send money abroad as they have been established since 1995, owned by a larger parent company (worth $4bn as of November 2023) and are authorised by the Financial Conduct Authority under the Payment Services Regulations 2017, registration 462444, for the provision of payment services

Xe.com is ultimately owned by Euronet Worldwide Inc which is a public company listed on the NASDAQ with the ticker code EEFT. Xe.com is managed by HiFX, which acquired XE.com in 2017. Prior to this HiFX only offered money transfer services for business, but the acquisition enabled them to offer individual currency transfers.

It’s fine to transfer small and medium amounts fo money abroad with Xe.com, but if you are sending larger amounts it may be more sensible to use a currency broker as they can help with admin, give phone support and advise on how to save money when doing the conversion.

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