Key Currency vs VertoFX: Fees & Reviews Compared

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

Below we compare them on their fees and reviews.

Fees

	Key Currency	VertoFX
Homepage
Transfer Fee	No fee	No fee
Average Exchange Rate Markup	0.2% – 1%	0.2%-0.6%
Minimum Transfer Amount	$1	$1
Maximum Transfer Amount	No limit	No limit

Reviews

	Key Currency	VertoFX
Trustpilot Rating	4.9	3.9
Number of Trustpilot Reviews	1,600	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

	Key Currency	VertoFX
App Transfers	No	Yes
Online Transfers	Yes	Yes
Phone Transfers	Yes	No
In-person Transfers	No	No
Available Countries	N/A	200
Number of Currencies	37	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 Phone	Web platform Mobile app
Supported Languages	English	English
Transfer Speed	1-2 days	1-2 days
Dedicated Dealer	Yes	Yes
Instant Custom Quote	No	No
Business Features	Spot contracts Forwards contracts Limit orders Market analysis Recurring transfers Rate alerts	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	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.	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

	Key Currency	VertoFX
Year Founded	2016	2017
Headquarters	Truro, Cornwall, the UK	London, UK
Other Office Locations	The Netherlands, Portugal, and Spain	India, Kenya, South Africa, etc.
Annual Trading Volume	£2 billion	$4 billion
Number of Employees	42	100
Number of Clients	50000	3000
Regulatory Institutions	FinCEN in the USA FCA in the UK Bank of Spain in Spain	FinCEN in the USA De Nederlandsche Bank in the EU Central Bank of Kenya in Kenya FSCA in South Africa
Awards	Best Currency Exchange Service (ADVFN – each year from 2016 to 2023) Best Currency Provider (Online Personal Wealth Awards – 2016 and 2017)	Best Cross-Border Payments Infrastructure (Payment Awards, 2022)

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

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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