CurrencyTransfer vs Key Currency: Fees & Reviews Compared

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

Below we compare them on their fees and reviews.

Fees

	CurrencyTransfer	Key Currency
Homepage
Transfer Fee	No fee	No fee
Average Exchange Rate Markup	0.007	0.2% – 1%
Minimum Transfer Amount	£5,000 (or currency equivalent)	$1
Maximum Transfer Amount	No limit	No limit

Reviews

	CurrencyTransfer	Key Currency
Trustpilot Rating	4.8	4.9
Number of Trustpilot Reviews	900	1,600
iOS App Rating	N/A	N/A
Number of iOS App Reviews	N/A	N/A
Android App Rating	N/A	N/A
Number of Android App Reviews	N/A	N/A

Features

	CurrencyTransfer	Key Currency
App Transfers	No	No
Online Transfers	Yes	Yes
Phone Transfers	No	Yes
In-person Transfers	No	No
Available Countries	170	N/A
Number of Currencies	28	37
Payment Methods	Bank account	Bank account
Receiving Methods	Bank account	Bank account
Cash Pickup Option	No	No
Payments Flexibility	Web platform	Web platform Phone
Supported Languages	English	English
Transfer Speed	1-4 days	1-2 days
Dedicated Dealer	Yes	Yes
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 Limit orders Market analysis Recurring transfers Rate alerts
Debit Card	None	None
Cancellation Policy	Booked currencies can be bought back from the selling provider with the costs falling on the customer	Customers must get in touch with the company to cancel transfers once they’ve been confirmed. Refunds are subject to Key Currency’s approval and granted on a case-by-case basis.
Suitability	Large money transfers	Large money transfers

Company Comparison

	CurrencyTransfer	Key Currency
Year Founded	2015	2016
Headquarters	London, UK	Truro, Cornwall, the UK
Other Office Locations	Tel Aviv (Israel)	The Netherlands, Portugal, and Spain
Annual Trading Volume	$500 million	£2 billion
Number of Employees	23	42
Number of Clients	20000	50000
Regulatory Institutions	FCA and HRMC in the UK	FinCEN in the USA FCA in the UK Bank of Spain in Spain
Awards	Top 9 Startups (Swift Innotribe Startup Challenge, 2014) Presented at FinovateEurope – a FinTech-based conference (2014)	Best Currency Exchange Service (ADVFN – each year from 2016 to 2023) Best Currency Provider (Online Personal Wealth Awards – 2016 and 2017)

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

Key Currency Pros & Cons

Key Currency Pros

• Great customer service
• Impressive Trustpilot score
• Zero transfer fees
• Attractive exchange rates
• Personalized support from dedicated account managers
• No limits on transfer amounts
• Flexible currency hedging options
• Wide-reaching service coverage
• Extensive industry experience
• Quick money transfers

Key Currency Cons

• Not optimal for smaller transfers
• Limited funding methods
• Lack of support for less-common currencies
• No option for instant personalized quotes
• Services not accessible for residents in the US
• Absence of a mobile app

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