Wise vs Caxton: Fees & Reviews Compared (2025)

Both Wise 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.

	Wise	Caxton
Trustpilot Rating	4.3	4.8
Number of Trustpilot Reviews	193,700	4,700
iOS App Rating	4.6	4.6
Number of iOS App Reviews	29,500	7
Android App Rating	4.7	N/A
Number of Android App Reviews	503,000	N/A

Data taken from relevant websites at time of publication.

	Wise	Caxton
App Transfers	Yes	Yes
Online Transfers	Yes	Yes
Phone Transfers	No	No
In-person Transfers	No	No
Available Countries	170	170
Number of Currencies	50	28
Payment Methods	Bank account Debit card Credit card Direct debit Apple Pay Google Pay iDeal Trustly SOFORT POLi PayPal	Bank account Debit card
Receiving Methods	Online wallet Bank account	Bank account
Cash Pickup Option	No	No
Payments Flexibility	Web platform Mobile app	Web platform Mobile app
Supported Languages	English, Spanish, French, Portuguese, Italian, German, Chinese, Japanese, Indonesian, Hungarian, Ukrainian, Polish, Romanian, Turkish, and Russian	English
Transfer Speed	0-2 days (within minutes for over 50% of transfers).	1-2 days
Dedicated Dealer	No	Only for business clients
Instant Custom Quote	Yes	No
Business Features	Recurring transfers Batch payments Invoicing Multi-user access Digital multi-currency wallet Rate alerts API integration	Spot contracts Forwards contracts Batch payments Risk management tools Rate alerts API integration
Debit Card	Wise multi-currency debit card	Caxton Currency Card
Cancellation Policy	Users can cancel a transfer as long as they’re able to see the “cancel transfer” option on their transfer	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 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.

	Wise	Caxton
Year Founded	2011	2002
Headquarters	London, UK	London, UK
Other Office Locations	London (UK), Austin, Dallas, Tampa, and New York (USA), Bangkok (Thailand), Dubai (UAE), Riyadh (Saudi Arabia), Hong Kong (Hong Kong), Shanghai (China), Singapore (Singapore), Tokyo (Japan), Seoul (South Korea), Jakarta (Indonesia), Kuala Lumpur (Malaysia), Manila (the Philippines), Mumbai (India), Brussels (Belgium), Budapest (Hungary), Cherkasy (Ukraine), Tallinn and Tartu (Estonia), Zürich (Switzerland), São Paulo (Brazil), Mexico City (Mexico), Cape Town (South Africa), Sydney and Melbourne (Australia)	No other offices
Annual Trading Volume	£76.4 billion	£1 billion
Number of Employees	4500	170
Number of Clients	16 million	660000
Regulatory Institutions	FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia National Bank of Belgium in the EU	FCA and the HMRC in the UK
Awards	Best European Startup Under 3 Years Old (Europas, 2013) One of The World’s Top 10 Most Innovative Companies in Finance (Fast Company Magazine, 2014) Boldest Smaller Company (FT’s Boldness in Business Awards, 2014) Ernst and Young UK Entrepreneurs (2015) Top 20 out of 50 on Glassdoor’s Best Places to Work in the UK (2022) Made it in the FinTech50 list (in 2013, 2014, 2017, 2018, 2019, and 2021)	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.

No markups on exchange rates
Comprehensive global service reach
Impressive currency support
Widespread local presence with branches in more than 28 countries
Custom quotes are available without signup
Diverse payment methods encompassing bank accounts, debit and credit cards, PayPal, and more
Highly rated on Trustpilot
In-depth knowledge repository
Ideal for small transactions
Fast money transfers, with half of all transactions completed in minutes and the rest within 0-2 days
Outstanding web platform and mobile app experience

Top Rated Money Transfer Service

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

See More Comparisons:

	Wise	Caxton
Homepage
Transfer Fee	Variable fee – 0.4% – 0.6% of total amount (on average) Fixed fee – £0.2 – £0.3 on average.	No fee
Average Exchange Rate Markup	No markup	N/A
Minimum Transfer Amount	$1	£100 (or currency equivalent)
Maximum Transfer Amount	$6,000,000 USD $1.8 million AUD $1.5 million CAD €6,000,000 EUR £5,000,000 GBP	£100,000 (or currency equivalent); £10,000 if paying with a debit card.