OFX Review

Rating

5 stars

QUICK SUMMARY

OFX is among the leading global online money transfer companies and helps customers to save money when making overseas payments anywhere in the world.

OFX is among the leading global online money transfer companies and helps customers to save money when making overseas payments anywhere in the world. OFX was first established on the beaches of north Sydney as a foreign exchange information provider website and international payments service provider in 1998. OFX headquarters are in Sydney, Australia however with over 400 staff globally OFX is an online money transfer provider that operates globally. The operate a follow the sun business model meaning 24/7 customer service. You can easily keep an eye on exchange rates and global foreign exchange market trends and make international currency transfers with OFX.

Where do they Operate?

OFX cover almost every corner of the globe; over 190 countries are engaged with OFX for international online money transfers and trading. However, its 8 office locations include Australia, the UK, the US, Ireland, New Zealand, Canada, Singapore, and Hong Kong. They have been in this business for over two decades and serviced more than 1 million customers worldwide.

Which currencies do they provide?

They deal with 50+ currencies including: AUD, AED, CAD, EUR, GBP, JPY, NZD, USD, ZAR etc. OFX offers a global or multi-currency account that enables you to pay and get paid anywhere else. You can also track your transactions via the OFX free online platform or mobile app in no time for secure money transfers 24/7.

Ratings and Customer Reviews

Customer reviews rank OFX high for their quick, excellent, cheap, safe, secure exchange and money transfer system. Customers rate OFX highly for its favorable exchange rates and immediate and easy transactions worldwide. Reviewers cite their main reason for preferring OFX over others as their:

- Affordability
- Reliability
- Strong online platform
- Professional customer support available 24/7 etc.

Regulation

OFX is regulated and recognised by over 50 institutions around the world including the FCA and ASIC, and OFX is publicly listed on the Australian Stock Exchange (ASX:OFX)

Fees and Rates

For OFX and businesses alike one of their main selling points is the ability to offer bank beating exchange rate and ZERO fees. There are no hidden account or exchange charges from OFX and they offer much more affordable and competitive exchange rates to keep its customers happy. That’s why OFX says there is no longer a need to rely on banks for money exchange and transfer worldwide, as banks can charge more and are a bit slow at providing services. OFX offers fantastic exchange rates, much lower than banks or many other exchange companies.

Overview

OFX is a great platform to transfer money globally and one that best10moneytransfers.com would definitely recommend. They will provide a great service, market leading rates and will help you save money on international transfers if you are a business opening a corporate account or a private client opening a personal account. If you are buying a holiday home, relocating, immigrating, paying family overseas, buying a car from abroad, paying overseas suppliers or wages, or any other overseas transfers you may need to make, we recommend OFX to help save you time and money.

Some key Points:

24/7 customer service