Both Currencies Direct and VertoFX are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
Currencies Direct | VertoFX | |
Homepage | ![]() | ![]() |
Transfer Fee | No fee | No fee |
Average Exchange Rate Markup | 0.4% to 1.4% | 0.2%-0.6% |
Minimum Transfer Amount | $1 | $1 |
Maximum Transfer Amount | £25,000 through the mobile app £300,000 by placing a special request | No limit |
Top Rated Money Transfer Service
Reviews
Currencies Direct | VertoFX | |
Trustpilot Rating | 4.9 | 3.9 |
Number of Trustpilot Reviews | 9,400 | 500 |
iOS App Rating | 3.5 | N/A |
Number of iOS App Reviews | 100 | N/A |
Android App Rating | 3.5 | N/A |
Number of Android App Reviews | 500 | N/A |
Features
Currencies Direct | VertoFX | |
App Transfers | Yes | Yes |
Online Transfers | Yes | Yes |
Phone Transfers | Yes | No |
In-person Transfers | Yes | No |
Available Countries | 200 | 200 |
Number of Currencies | 70 | 51 |
Payment Methods | Bank account Debit card Credit card Check | Bank account Debit card Credit card Online wallet |
Receiving Methods | Bank account | Bank account Online wallet |
Cash Pickup Option | No | No |
Payments Flexibility | Web platform Mobile app Phone In person | Web platform Mobile app |
Supported Languages | English, French, Spanish, Portuguese, Italian, Norwegian, Swedish, German, Chinese, and Korean | English |
Transfer Speed | 1-2 hours within Europe 1-2 days for overseas transfers | 1-2 days |
Dedicated Dealer | Yes | Yes |
Instant Custom Quote | N/A | No |
Business Features | Spot contracts Forwards contracts Limit orders Stop-loss orders Recurring transfers Digital multi-currency wallet Rate alerts API portal | FX solutions Currency marketplace Market orders Local and global accounts Corporate cards Treasury management Digital multi-currency wallet API integration |
Debit Card | Currencies Direct multi-currency debit card | Multi-Currency Corporate Card |
Cancellation Policy | N/A | If your transfer hasn’t been completed, you can request a cancellation and refund. Once a transfer has been finalized and the money has been sent to the recipient, it’s generally not possible to cancel the transaction. |
Suitability | Large money transfers | Small and large money transfers |
Top Rated Money Transfer Service
Company Comparison
Currencies Direct | VertoFX | |
Year Founded | 1996 | 2017 |
Headquarters | London, UK | London, UK |
Other Office Locations | Orlando (USA), Saint John (Canada), Mumbai (India), Albufeira (Portugal), 3 locations in South Africa, and 19 locations in Spain | India, Kenya, South Africa, etc. |
Annual Trading Volume | £9.5 billion | $4 billion |
Number of Employees | 550 | 100 |
Number of Clients | 430000 | 3000 |
Regulatory Institutions | FinCEN in the USA FINTRAC in Canada FCA in the UK Bank of Spain in Spain and the EU ACPR in France FSB in South Africa | FinCEN in the USA De Nederlandsche Bank in the EU Central Bank of Kenya in Kenya FSCA in South Africa |
Awards | Credit Rating of Level 1 (Dun & Bradstreet Corporation, 2010) National Business Awards Finalist (National Business Awards, 2016) Most Positive Client Reviews (Money Transfer Comparison, 2017) Consumer Champion of the Year (Money Age Magazine, 2017) Money Transfer Provider of the Year (Money Age Magazine, 2016, 2017,2018, 2019, 2020, and 2021) Best Rated Money Transfer (Money Transfer Comparison, 2019, 2020, 2021) | Best Cross-Border Payments Infrastructure (Payment Awards, 2022) |
Currencies Direct Pros & Cons
Currencies Direct Pros
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Free Amazon gift card for new paying customers
- Multiple payment options
- Amazing customer service
- Favourable exchange rates
- Extensive knowledge base
- Highly convenient
- Range of flexible solutions for everyone
- Global service coverage
- Solid currency coverage
- Local coverage
- Decades of experience
- Fast money transfers
- Exchange rate alerts option
Currencies Direct Cons
- Not focused on small money transfers
- Limited deposit options
- Limited smaller currency coverage
- No option for instant custom quotes
- Lack of cancellation policy
- Not available in some US states
- Mobile app has transfer limits
VertoFX Pros & Cons
VertoFX Pros
- Diverse payment methods
- Exceptional customer support
- Excellent Trustpilot score
- Zero transfer fees
- Competitive foreign exchange rates
- Comprehensive informational resources
- Peer-to-peer currency trading marketplace
- Digital wallet supporting multiple currencies
- Worldwide service reach spanning over 200 countries
- Robust currency offerings with 51 global currencies
- A plethora of business FX options
- Fast money transfer services
- Flexibility with no set lower or upper transfer limits
VertoFX Cons
- Relatively new in the international money transfer market
- Not ideal for individual money transfers
- Extensive verification documentation needed
- No iOS-compatible mobile application
- Lack of real-time custom quotes
Top Rated Money Transfer Service
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