CurrencyTransfer vs VertoFX: Fees & Reviews Compared

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

Below we compare them on their fees and reviews.

Fees

	CurrencyTransfer	VertoFX
Homepage
Transfer Fee	No fee	No fee
Average Exchange Rate Markup	0.007	0.2%-0.6%
Minimum Transfer Amount	£5,000 (or currency equivalent)	$1
Maximum Transfer Amount	No limit	No limit

Reviews

	CurrencyTransfer	VertoFX
Trustpilot Rating	4.8	3.9
Number of Trustpilot Reviews	900	500
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	VertoFX
App Transfers	No	Yes
Online Transfers	Yes	Yes
Phone Transfers	No	No
In-person Transfers	No	No
Available Countries	170	200
Number of Currencies	28	51
Payment Methods	Bank account	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	Web platform Mobile app
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	FX solutions Currency marketplace Market orders Local and global accounts Corporate cards Treasury management Digital multi-currency wallet API integration
Debit Card	None	Multi-Currency Corporate Card
Cancellation Policy	Booked currencies can be bought back from the selling provider with the costs falling on the customer	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

Company Comparison

	CurrencyTransfer	VertoFX
Year Founded	2015	2017
Headquarters	London, UK	London, UK
Other Office Locations	Tel Aviv (Israel)	India, Kenya, South Africa, etc.
Annual Trading Volume	$500 million	$4 billion
Number of Employees	23	100
Number of Clients	20000	3000
Regulatory Institutions	FCA and HRMC in the UK	FinCEN in the USA De Nederlandsche Bank in the EU Central Bank of Kenya in Kenya FSCA in South Africa
Awards	Top 9 Startups (Swift Innotribe Startup Challenge, 2014) Presented at FinovateEurope – a FinTech-based conference (2014)	Best Cross-Border Payments Infrastructure (Payment Awards, 2022)

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

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

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