TorFX Review 2025

TorFX has built a reputation founded on reliability, transparency, and affordability. In this updated 2025 review, we’ll explore whether TorFX continues to meet expectations in the international money transfer industry.

This comprehensive guide examines every aspect of TorFX’s offerings, from competitive exchange rates to safety measures and overall user experience, helping you determine if it suits your specific needs.

How to Choose if TorFX is Right for You

Personal vs. Business Accounts

TorFX offers two account types:

Personal Account: Ideal for buying property abroad, emigrating, sending money home, or making regular or one-off foreign payments.
Business Account: Tailored for commercial enterprises, supporting sectors such as manufacturing, IT, automotive, entertainment, imports, and exports.

Both accounts offer 24/7 online transfers of up to £25,000. Transfers exceeding this amount require assistance from an account manager.

Key Features Comparison

Feature	TorFX Information
Transfer Fees	No transfer fees (margins apply to exchange rates).
Exchange Rates	Margins range from 0.5% to 2% (negotiable for large transfers).
Min/Max Transfer	Minimum: £100 – No maximum limit for manual transfers. £25,000 max online.
Transfer Speed	Typically 24 hours; up to 2 days for exotic locations.
Countries & Currencies	40+ currencies across 120+ countries.
Payment Methods	Bank transfers and debit cards (credit cards not supported).
Delivery Method	Bank deposit.
Customer Support	Dedicated account managers, phone, and email support (no live chat or 24/7 support).
Security Measures	SSL encryption, multi-factor authentication, segregated accounts, and regular security audits.
Mobile App	Available for iOS and Android with transfer management, rate alerts, and currency wallets.
Special Features	Forex tools: forward contracts, market orders, rate alerts, and fixed exchange rates.
Regulatory Compliance	Fully regulated by the FCA in the UK (FRN Number: 900706).
Cancellation Policy	Cancellations allowed if funds are not yet sent (fees may apply).
Annual Processed	£10 billion.
Staff Volume	550+ employees globally.

TorFX at a Glance

Who is TorFX?

TorFX is a UK-based foreign exchange company specializing in international money transfers. Since its establishment in 2004, TorFX has grown significantly, expanding globally and offering services tailored to both individuals and businesses.

Key Milestones

2004: Founded in Penzance, Cornwall.
2006: Gained recognition and awards for outstanding customer service.
2008: Achieved ISO 27001 certification for information security.
2013: Opened an Australian branch.
2015: Surpassed £3 billion in transfers.
2018: Became FCA-authorized.
2025: Processes over £10 billion annually.

TorFX Pros & Cons

Pros

No transfer fees.
Competitive exchange rate margins.
User-friendly platform.
Excellent customer service.
Dedicated account managers.

Cons

No credit card payment option.
Limited support hours.
Transfers can be slower for less common currencies.

Fees & Exchange Rates

Fees

TorFX charges no transfer fees. However, exchange rate margins (0.5%-2%) apply.

Exchange Rates

TorFX margins are much lower than traditional banks, which typically charge 3%-6%. Margins decrease for larger transactions, making TorFX particularly attractive for high-value transfers.

The TorFX Experience

Registration & User Interface

Signing up is quick and straightforward. The intuitive platform features:

Easy navigation.
Rate alerts.
Seamless transfer setup.

Speed & Costs

Transfers are generally completed within 24 hours. For remote locations, it may take up to two business days.

Customer Support

Dedicated account managers provide personalized service, though support is limited to specific hours.

Business Solutions

TorFX offers tailored solutions for businesses, including spot and forward contracts, market orders, and mass payment services.

Are There Any Transfer Limits with TorFX?

Online Transfers

Minimum: £100.
Maximum: £25,000.

Manual Transfers

No upper limit, but transactions over £25,000 require account manager assistance.

Safety and Security Measures

Regulatory Compliance

TorFX is authorized and regulated by the FCA, ensuring adherence to high standards of risk management and customer protection.

Security Features

SSL encryption.
Multi-factor authentication.
Segregated accounts to protect client funds.
Regular security audits and fraud detection systems.

Is TorFX Safe for Large Amounts?

TorFX’s high security standards, regulatory compliance, and dedicated account managers make it a trusted choice for large transfers.

TorFX App Review

Key Features

Real-time exchange rates.
Rate alerts.
Currency wallets.
Recurrent payments setup.

The app’s simplicity and efficiency make it ideal for both casual and frequent users.

Alternatives to TorFX

Provider	Exchange Rates	Fees	Processing Times	Support
Wise	Mid-market + small margin	Varies	1-3 business days	24/7 support
TransferGo	0.2%-2.2% margin	From £0	30 mins to 3 days	Limited hours
Revolut	Mid-market	Flat: £0	1-3 business days	24/7 support

FAQs

How long does it take to send money with TorFX?

Transfers typically take 1-2 business days.

Can I cancel a transfer?

Yes, cancellations are possible if funds haven’t been sent. Contact customer support to initiate.

Does TorFX accept credit cards?

No, only bank transfers and debit cards are accepted.

Is TorFX FCA Regulated?

Yes, TorFX is fully authorized and regulated by the FCA in the UK.

For more information, visit TorFX’s official website or contact their customer service team. Get started with secure, fee-free international transfers today!

Send Money With TorFX