Compare currency brokers to help get the best deal when you send money abroad. Currency brokers can offer cheaper and better ways to send money abroad and are often faster and more convenient too.
| The Best UK Currency Brokers | Supported Currencies | Transfer Fees | User Interface | Security | Get Account | |
|---|---|---|---|---|---|---|
 Wise |
29 Currencies | Fees start from 0.33% for sending money, converting currency also costs from 0.33% | Wise is simple and easy to use, you can open and hold multiple currencies in your account for free. You can invest and save in selected different currencies too. | Globally regulated, liquid client money, protected, secure logins and anti-fraud teams | Create Account | |
| Our recommended transfer provider. Sending money with Wise is fast, efficient and great value. Hold money in up to 40 global currencies and transfer globablly to any currency. Open 10 currency accounts to allow payments in AUD, USD, EUR, GBP, NZD, RON, SGD, TRY even if UK based. Pay globally in any currency you hold with a single debit card around the World. Enjoy up to 4.66% (variable) interest on balances held in GBP, USD or EUR. Investing options in multi-currencies | ||||||
 Monese |
Multiple | £0.00 – £4.00 flat fee | User-friendly | 24/7 monitoring, multi-factor encryption and authentication for accounts | Create Account | |
| Send money to 35 countries allowing you transfer to any currency. Monese is available to anyone aged over 18 in 31 countries in the EEA (European Economic Area). Money transfer speeds range for instant to 2 – 4 working days. Monese promise low cost, quick and safe international currency transfers. | ||||||
 PayPal |
Send to over 160 countries 25 currencies supported | 5.00% £0.99p min £2.99 max | Paypal is easy to use with multiple currency transfer options for international payments | Encrypted financial information and active fraud monitoring | Create Account | |
| PayPal are great for sending money in different ways to best suit your recipient. You can send money to their PayPal account, international bank transfers, cash pick up or even bill payment options. If you’re sending money overseas to a friend or family member to be used for a specific purpose, PayPal is worth considering. | ||||||
 Currencies Direct |
49 Currencies | Fee free transfers with costs built in to the currency transfer rates | Phone, online and mobile App for IOS & Android | Safeguarded funds following EMI rules, trace services | Create Account | |
| Currencies Direct offer personalised support with dedicated managers to assist you with your currency transfer. They’ve a long history, dating back to 1996 and have served over 500,000 customers since then. You can transfer currency to over 120 countries globally via the online portal, mobile app or via a phone call. | ||||||
 TorFX |
38 Currencies (personal) | Fee free transfers with costs built in to the currency transfer rates | Easy simple account setup, within minutes | Segregated client accounts FCA and EMI (Electronic Money Institution) safeguarding 100% of client funds | Create Account | |
| TorFx claim to deal with more than 40 global currencies. They offer currency transfers for both personal and business users. Open 10 currency accounts to allow payments in AUD, USD, EUR, GBP, NZD, RON, SGD, TRY even if UK based. Forward contract options are available to lock in a rate if you’re transferring large sums or buying a house abroad. With advice on property purchases abroad too. | ||||||
 OFX |
55 Currencies | Fee free transfers on international GBP transfers | Easy to setup account and simple transfer options via IOS and android app | Identity safeguarding, fraud prevention and cyber security built in | Create Account | |
| Up to 115 local bank accounts around the World help OFX deliver fee free transfers globally. OFX make money using a ‘customer rate’ which is usually cheaper than high street banks. Rates can be different by customer, amount you’re transferring and destination you’re transferring to. Business and personal transfers available. OFX offers secure accounts with multi factor authentication, encrypted data, bad actor blocking and fraud prevention built in. | ||||||
 Starling |
17 currencies, 34 countries | 0.4% transfer fee, £5.50 delivery fee. Low Cost payment: 0.4% transfer fee (min. £4.00), £0.30 delivery fee. Currency exchanged at actual market rate (locked for 30s). | Starling account required (app based bank) | Currency transfers not covered by FSCS protection | Create Account | |
| Hold money in euro, USD and more currencies (business accounts only). Euro currency accounts available for personal customers. Currency transfers between accounts cost 0.4%. Depending on how often and the amount you need to transfer, Starling may be a viable and good value option, but for frequent transfers, you’ll likely be best off using a dedicated currency broker. | ||||||
 Western Union |
768 destinations globally and any currency | First transfer fee free. Clear rates upfront | Send cash and or transfer money abroad, App and Web | FCA regulated, dedicated cyber security service, identity protections | Create Account | |
| Western Union currency rates vary by destination and currency. Western Union has global reach as one of the largest and most well established currency transfer services. | ||||||
 Remitly |
181 countries and currencies | Flat fees, vary based on destination £1.99 to (EU, USD, INR), £4.99 (MYR), £2.99 (AUD), £7.99 (JP) | Web app, mobile app cash and bank | FCA regulated, account identification, verification and security | Create Account | |
| Remitly aim to deliver; guaranteed currency deliveries on time or fees refunded, various transfer methods are offered including; mobile wallet, bank transfer or cash pick up. Multi levelled security offers you security. Acting like more of an app, Remitly could be a good option for those who transfer money abroad occasionally or tend to send larger balances rather than sending regular transfers. | ||||||
 TransferGo |
132 countries and currencies | Rates vary by currency and destination. Rates guaranteed at the time of placing your order | Web account and mobile app, bank | End to end encryption, EU and U.K. regulated, multi-lingual customer support | Create Account | |
| transferGo aims to provide fast and cheap transfers for migrants who need to send money home. Over 30,000 customer reviews on TrustPilot rate TransferGo as excellent because of low rates, ease of transfer and reliability of service. Pay with a debit card or U.K. bank transfer. | ||||||
 MoneyCorp |
127 currencies (30+ available online, 190 countries) | £0 fees (depending on the transfer amount and destination) | Professional service, guided process | Secure online account and dedicated support teams | Create Account | |
| Currency rates include Moneycorp fees. No flat fee options are charged. Regular payment plans are available (with extra fees). Currency transfers with Moneycorp take 2 – 3 days. | ||||||
Compare International Currency Transfers
International currency transfers are an essential aspect of personal and business transactions. Getting the best international currency transfer service can help save you money especially if you’re sending a large balance or regularly send money abroad.
Here is how you can use our money transfer comparison can help you to make seamless and cost-effective money transfers whenever you like.
Comprehensive Provider Selection
You’ll want a reputable, well known currency transfer provider to help you convert and send your money abroad.
Well known international currency transfer providers like; Wise, PayPal, Revolut and Western Union can be good options, especially if you’re new to currency transfers or you’re only making a one off transaction.
However, the larger companies can also be more expensive than some of the up and coming currency transfer providers.
So, we can help you compare cheaper options quickly and easily by seeing the fees each provider charges side by side.
Specialist currency brokers, those that only offer currency transfers and don’t provide online banking services like; savings accounts, direct debits or scheduled payment services and online banking tools like debit cards or current accounts can be cheaper than high street banks because they specilaise in currency transfers.
Currency brokers like; OFX, CurrencyFair, and TorFX fit this description so it is worth considering them if you are going to be transferring regularly and you want to make sure each transfer is done at the best possible rate.
We compare a diverse range of currency brokers to help you, whether you are transferring currency as an individual or as a business to find the best currency transfer provider to suit your specific needs, preferences, and transfer requirements.
We’ve created a system to keep up to date with the latest changes in the rates that currency transfer providers charge so you can be sure the information in our table is up to date.
We include useful information in easy to compare formats like; supported currencies, transfer fees, user interface, speed of transfers and security measures. This wealth of information empowers users to make informed decisions based on their priorities. Whether it’s the lowest fees, intuitive user interfaces, or top-notch security, this comparison leaves no stone unturned in delivering an in-depth analysis of each provider’s strengths and weaknesses.
Transparency and impartiality are paramount so we won’t work with any currency exchange brokers who aren’t reputable, regulated and reliable.
Key Factors to Consider When you Compare Money Transfer Services
Here are the most important elements and features of each money transfer provider to help you get the best deal on your currency transfer.
Security and Regulation
You will want to be completely sure that your money is safe whatever happens. That’s why we would only ever recommend transferring currency abroad with an international currency broker that is approved and regulated by the FCA in the UK. FCA regulation means that currency brokers are required to adhere to stricter rules and controls, FCA regulated brokers also are stipulated to provide good customer service, segregate client funds from business operational funds and have sufficient capital resources in place to manage their business.
Choosing an FCA regulated currency broker is essential in helping to guarantee your international money transfer arrives where it should, on time and you are charged a fair price for it.
Price
whether you are sending a small sum or a large balance abroad, you will want to make sure the currency broker you choose allows you to do so at the best price. Pricing is generally offered as a percentage of the balance you are sending, however, some brokers charge a flat fee.
Speed
how quickly you want the money to arrive – If you want the money to arrive instantly or on the same day that you send it, you’ll likely have to pay a lot more. currency transfers generally take a couple of days to process, so some providers may not offer accelerated transfers at all.
Currency transfers usually take 1 or 2 days but can take longer if you’re sending a more unusual currency.
There are ways to help speed up your transfer time for example by transferring to another account with the same bank or currency broker or paying extra for expedited transfer times.
How much money you are sending
If you’re sending a large balance, you may be better off with a specialist currency broker. They’ll usually assign you a broker to help manage your transaction, provide you with account details to send your money to and give you updates on the progress of your transaction. You may also be able to haggle a better price with these brokers vs a fintech currency broker who won’t offer any human contact at all.
One off vs Regular Currency Transfers
How often do you need to send money abroad? If you’re looking to regularly send money abroad then considering a specialist broker could also make sense. If you’re going to be a repeat customer, they may be more inclined to offer discounts and improved service.
Ultimately, choosing a currency broker depends on your needs and will take careful consideration before you commit to help ensure you get the best deal on your currency exchange.
Currency Transfer Calculators
With fees and charges offered in different ways by different currency brokers it can be a challenge to clearly see the difference in prices between two brokers.
The currency transfer calculator can help make it simpler to see the total difference in the price you’ll pay transferring currency with one provider versus another.
Follow the simple instructions on the currency transfer calculator page; entering the rate, fees charged as a percentage and the sum of any flat fees to get a clear single total of the cost of your transfer.
We Offer a User First Approach
Understanding the diverse needs of users, this comparison adopts a user-centric approach. It takes into account the specific requirements of individuals and businesses engaging in international currency transfers. By highlighting the unique features and benefits of each provider, users can easily identify the options that align best with their particular circumstances. Whether it’s the convenience of a mobile app, multi-currency support, or dedicated customer service, this comparison ensures that users can find the provider that caters precisely to their needs.
Constant Updates and Expansion: The world of international currency transfers is constantly evolving, with new providers and services emerging regularly. This comparison remains committed to staying at the forefront of industry changes by providing regular updates and expanding its list of included providers. Users can rely on this comparison to keep them informed about the latest trends, emerging players, and advancements in the international currency transfer landscape.
When it comes to international currency transfer comparisons, this particular offering stands head and shoulders above the competition. With its comprehensive provider selection, in-depth analysis, transparency, user-centric approach, and commitment to continuous improvement, it provides an unparalleled resource for anyone seeking the best international currency transfer service. Whether you’re an individual sending money to loved ones overseas or a business conducting global transactions, this comparison can help you find the most seamless and cost-effective solution. Embrace the power of knowledge and make your international currency transfers with confidence.
Currency Broker FAQS
What is a currency broker?
A currency broker is a commonly used name for the organisation that sits between someone who wants to send money abroad and the recipient. A currency broker can help you send money from one country to the bank account of the recipient in another country by handling the conversion of the currency from, for example GBP (British Pound Sterling) into the currency of the destination country (e.g. euros for Germany).
Currency brokers commonly factor their fees and costs into the rate they offer their customers and this can vary based on the currency you want to convert, the destination you are sending the money to and the amount of money you want to transfer, so like for like comparison of currency brokers can be challenging.
How long do international bank transfers take?
Currency transfers normally take between 1 and 2 days to clear, but they can take longer if you’re sending a more uncommon currency. For example, Dollars and euros are the most commonly traded currencies on the planet so, transfers to these currencies from GBP and from euros or dollars to GBP are generally fast.
If you’re sending Peruvian Sol to an account in Peru your transaction could take longer.
How much can currency brokers save you?
The savings you can expect from using a currency broker depends on what you are comparing currency transfer fees to. Currency transfers handled by high street banks tend to incur fees of between 5% – 8% of the total value of the transaction. Whereas currency brokers, because they specialise in currency, can charge as little as £0 for transfers, instead making their money from the rate at which the transfer takes place.
Who offers the best exchange rate?
Currency brokers tend to vary the rate at which they will offer to process a transfer for you. For larger sums, they may charge a lower overall percentage, but rely on the size of the transaction to make their commission.
If you’re sending money abroad, a good option can be a transfer service like Wise which offers low fee transparent pricing.
What Bank Details are Needed to receive a currency transfer?
If you’re expecting money from someone abroad, you will need to provide them with details like:
- your full name
- your six digit sort code
- your 8 digit account number
- the name of your bank
- your SWIFT number
- your IBAN number
- the amount of money you’re expecting in your currency and the currency of the sender
- the date you’re expecting the money