Torfx Review

TorFX—Overview

Founded in 2004, Tor FX is one of the most trusted platforms for sending huge amounts of currency overseas. Personal and commercial clients use it to send money to the UK, USA, and Australia.

Who are they?

TorFX is a UK-based foreign exchange company expert in the currency exchange business. The general public and businesses trust TorFX for the safe transfer of funds.

Where does it operate?

TorFX has its headquarters in Penzance, Cornwall, UK, and franchises across Britain in the US, Europe, Australia, India, and South Africa.

Which currencies does TorFX allow?

TorFX deals with almost more than 40 currencies. A few of them are British Pound, Euro, Danish Krone, US Dollar, Canadian Dollar, Kuwaiti Dinar, UAE Dirham, New Zealand Dollar, Turkish Lira, Swiss Franc, Japanese Yen, South African Rand, Hong Kong Dollar, Norwegian Krone, Swedish Krona, Romanian Leu, Polish Zloty, and a few others.

Ratings:

Within a very less time, TorFX has positioned itself as a top money transfer service. In 2016, 2017, 2018, 2019, and 2020, the “Moneyfacts Consumer Awards” presented them with the International Money Transfer Provider of the Year award. It also holds the hold the highest credit rating with Dun & Bradstreet.

The average reviews about TorFX show that it is an “excellent” platform for international money transfers. It has achieved an overall rating of 4.9/5 rating. This rating is based on almost 5000 reviews.

Fees and rates:

Through margins on exchange rates, TorFX generates revenue. TorFX does not tack on any fixed fees on top of the exchange rate, in contrast to many banks and other providers. The total cost of a transfer, which includes the exchange rate and fixed fees, is typically 0.5 percent to 2 percent for TorFX, 3 percent to 7 percent for banks, and 6 percent to 8 percent for PayPal.

An individual of a business can anticipates better rates if they transfer larger sums or use their service more frequently. There are no additional fees, but the participating banks might. If the client’s bank is located in Australia or the UK, they can avoid paying these fees because TorFX has bank accounts in both nations. Otherwise, clients from other countries are bound to pay a fee.

Other key points:

• TorFX is the best option to transfer money internationally, especially if the amount is huge.
• Individuals and businesses can transfer money through the TorFX app or via a phone call.
• The money transfer process is safe and secure.
• It does not charge any transfer fee. Most users are drawn to TorFX for the same reason, in addition to the attractive exchange rates. Because there are no hidden or admin fees, they find it more transparent and easier.

The TorFX clients adore that they are assigned an account manager as soon as they register with TorFX, who guides them through the entire process of money transfer. Clients like this platform most because human beings are there to assist them throughout the process instead of interacting with online systems.