CurrencyTransfer vs Caxton: Fees & Reviews Compared

Both CurrencyTransfer and Caxton are popular international money transfer services. But which one is better?

Below we compare them on their fees and reviews.

Fees

	CurrencyTransfer	Caxton
Homepage
Transfer Fee	No fee	No fee
Average Exchange Rate Markup	0.007	N/A
Minimum Transfer Amount	£5,000 (or currency equivalent)	£100 (or currency equivalent)
Maximum Transfer Amount	No limit	£100,000 (or currency equivalent); £10,000 if paying with a debit card.

Reviews

	CurrencyTransfer	Caxton
Trustpilot Rating	4.8	4.8
Number of Trustpilot Reviews	900	4,700
iOS App Rating	N/A	4.6
Number of iOS App Reviews	N/A	7
Android App Rating	N/A	N/A
Number of Android App Reviews	N/A	N/A

Features

	CurrencyTransfer	Caxton
App Transfers	No	Yes
Online Transfers	Yes	Yes
Phone Transfers	No	No
In-person Transfers	No	No
Available Countries	170	170
Number of Currencies	28	28
Payment Methods	Bank account	Bank account Debit card
Receiving Methods	Bank account	Bank account
Cash Pickup Option	No	No
Payments Flexibility	Web platform	Web platform Mobile app
Supported Languages	English	English
Transfer Speed	1-4 days	1-2 days
Dedicated Dealer	Yes	Only for business clients
Instant Custom Quote	Yes	No
Business Features	Spot contracts Forwards contracts Market orders Batch payments FX derivatives Rate alerts API integration	Spot contracts Forwards contracts Batch payments Risk management tools Rate alerts API integration
Debit Card	None	Caxton Currency Card
Cancellation Policy	Booked currencies can be bought back from the selling provider with the costs falling on the customer	While Caxton does offer a cancellation policy, the ease of canceling an international money transfer largely depends on how quickly you act and the status of the transaction.
Suitability	Large money transfers	Small and large money transfers

Company Comparison

	CurrencyTransfer	Caxton
Year Founded	2015	2002
Headquarters	London, UK	London, UK
Other Office Locations	Tel Aviv (Israel)	No other offices
Annual Trading Volume	$500 million	£1 billion
Number of Employees	23	170
Number of Clients	20000	660000
Regulatory Institutions	FCA and HRMC in the UK	FCA and the HMRC in the UK
Awards	Top 9 Startups (Swift Innotribe Startup Challenge, 2014) Presented at FinovateEurope – a FinTech-based conference (2014)	FX Provider of the Year (FT and Investors Chronicle Awards, 2018) 5 Star Travel Prepaid Card (Moneyfacts, 2018)

CurrencyTransfer Pros & Cons

CurrencyTransfer Pros

• Real-time personalized quotations
• Excellent client support
• Strong rating on Trustpilot
• Zero fees on transfers
• Attractive foreign exchange rates
• Worldwide service availability
• Wide range of options for businesses
• Speedy transfer of funds
• Notifications for exchange rate fluctuations

CurrencyTransfer Cons

• Not suitable for small money transfers
• High minimum transfer limit
• No multi-language support
• Limited payment options
• No mobile app
• Limited currency coverage
• No local coverage

Caxton Pros & Cons

Caxton Pros

• A variety of different payment choices
• Exceptional customer service
• Strong Trustpilot score
• No transfer fees
• Personalized service with dedicated account managers
• Beneficial travel card
• Fast international money transfers
• Option for exchange rate notifications
• Worldwide service availability

Caxton Cons

• Little support for uncommon currencies
• No instant custom quote feature
• Exclusively accessible for UK residents
• Non-transparent exchange rates

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