TorFX vs Caxton: Fees & Reviews Compared (2025)

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

Below we compare them on their fees and reviews.

Sections

Fees

Top Rated Money Transfer Service

Currencies Direct are the top rated International Money Transfer Service on our list.

	TorFX	Caxton
Trustpilot Rating	4.9	4.8
Number of Trustpilot Reviews	6,800	4,700
iOS App Rating	1.8	4.6
Number of iOS App Reviews	6	7
Android App Rating	4	N/A
Number of Android App Reviews	270	N/A

Data taken from relevant websites at time of publication.

	TorFX	Caxton
App Transfers	Yes	Yes
Online Transfers	Yes	Yes
Phone Transfers	Yes	No
In-person Transfers	No	No
Available Countries	120	170
Number of Currencies	40	28
Payment Methods	Bank account Debit card Credit card Check	Bank account Debit card
Receiving Methods	Bank account	Bank account
Cash Pickup Option	No	No
Payments Flexibility	Web platform Mobile app Phone In person	Web platform Mobile app
Supported Languages	English	English
Transfer Speed	0-2 days	1-2 days
Dedicated Dealer	Yes	Only for business clients
Instant Custom Quote	No	No
Business Features	Spot contracts Forwards contracts Market orders Limit orders Stop-loss orders Recurring transfers Rate alerts	Spot contracts Forwards contracts Batch payments Risk management tools Rate alerts API integration
Debit Card	None	Caxton Currency Card
Cancellation Policy	Transfer cancellations are possible depending on the status of the transfer and the contract type. Cancellation and refund costs may incur.	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	Small and large money transfers	Small and large money transfers

Top Rated Money Transfer Service

Currencies Direct are the top rated International Money Transfer Service on our list.

	TorFX	Caxton
Year Founded	2004	2002
Headquarters	Penzance, Cornwall, UK	London, UK
Other Office Locations	the UK, Australia, Europe, Singapore, South Africa, and the USA	No other offices
Annual Trading Volume	£10 billion	£1 billion
Number of Employees	550	170
Number of Clients	425000	660000
Regulatory Institutions	FCA in the UK AUSTRAC in Australia	FCA and the HMRC in the UK
Awards	Top 100 Companies with Fastest Sales Growth (Sunday Times Virgin Fast Track 100 – 2nd place in 2008 and 28th place in 2010) Best European Currency Broker (Overseas Living Magazine – 2010 and 2011) Most Dynamic Growth Business (Cornwall Business Awards – 2014) Winner of Winners (Cornwall Business Awards – 2016) Employer of the Year (Cornwall Business Awards – 2016) Customer Focus ((Cornwall Business Awards – 2016 and 2017) Best Value International Money Transfer (Mozo Gold Experts Choice Awards – 2016, 2017, and 2022) International Money Transfer Provider of the Year (Moneyfacts Consumer Awards – 2016, 2017, 2018, 2019, 2020, 2021, and 2022) Best Customer Service (Moneyfacts Consumer Awards – 2016, 2017, 2019, 2020, 2021, and 2022) 5-Star Rating for Outstanding Value International Money Transfers (Canstar – 2018, 2019, 2020, 2021, and 2022) Highly Commended Best Business FX Provider (Business Moneyfacts Awards – 2022)	FX Provider of the Year (FT and Investors Chronicle Awards, 2018) 5 Star Travel Prepaid Card (Moneyfacts, 2018)

Data taken from company websites and other third-party sites. It was believed to be accurate at the time of publication but may have since changed.

Top Rated Money Transfer Service

Currencies Direct are the top rated International Money Transfer Service on our list.

See More Comparisons:

	TorFX	Caxton
Homepage
Transfer Fee	No fee	No fee
Average Exchange Rate Markup	1.9% – 2.7%	N/A
Minimum Transfer Amount	£100 (or currency equivalent) (£500 for recurring money transfers).	£100 (or currency equivalent)
Maximum Transfer Amount	No limit (£10,000 for recurring money transfers).	£100,000 (or currency equivalent); £10,000 if paying with a debit card.