Both WorldRemit and VertoFX are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
WorldRemit | VertoFX | |
Homepage | ![]() | ![]() |
Transfer Fee | $0.99 – $3.99 depending on the transfer amount and the selected countries and payment methods. | No fee |
Average Exchange Rate Markup | 1% – 1.6% | 0.2%-0.6% |
Minimum Transfer Amount | $1 | $1 |
Maximum Transfer Amount | Depends on the selected countries and method of payment (ranges between $1,400 and $60,000). | No limit |
Top Rated Money Transfer Service
Currencies Direct are the top rated International Money Transfer Service on our list.
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Bank-beating rates
- Award-winning service
- Exclusive Amazon gift card offer for users of MoverDB.com
Reviews
WorldRemit | VertoFX | |
Trustpilot Rating | 4.1 | 3.9 |
Number of Trustpilot Reviews | 78,800 | 500 |
iOS App Rating | 4.8 | N/A |
Number of iOS App Reviews | 172,000 | N/A |
Android App Rating | 4.6 | N/A |
Number of Android App Reviews | 179,000 | N/A |
Features
WorldRemit | VertoFX | |
App Transfers | Yes | Yes |
Online Transfers | Yes | Yes |
Phone Transfers | No | No |
In-person Transfers | No | No |
Available Countries | 145 | 200 |
Number of Currencies | 70 | 51 |
Payment Methods | Bank account Debit card Credit card Apple Pay Interac iDeal Trustly Klarna SOFORT POLi | Bank account Debit card Credit card Online wallet |
Receiving Methods | Online wallet Bank account Cash pickup Home delivery | Bank account Online wallet |
Cash Pickup Option | Yes | No |
Payments Flexibility | Web platform Mobile app | Web platform Mobile app |
Supported Languages | English, French, German, Danish, Dutch, and Spanish | English |
Transfer Speed | 0-2 days (within minutes in 95% of cases). | 1-2 days |
Dedicated Dealer | No | Yes |
Instant Custom Quote | Yes | No |
Business Features | N/A | 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 | Only when the transfer hasn’t been paid out. Bank and mobile wallet transfers may be refunded even after the transfer is completed if the recipient agrees to the refund. | 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 | Small money transfers | Small and large money transfers |
Top Rated Money Transfer Service
Company Comparison
WorldRemit | VertoFX | |
Year Founded | 2010 | 2017 |
Headquarters | London, UK | London, UK |
Other Office Locations | Poland (Krakow), USA (Denver), Philippines (Cebu), Australia (Sydney), Belgium (Brussels), Japan (Tokyo), Kenya (Nairobi), Malaysia (Kuala Lumpur), Rwanda (Kigali), Singapore, South Africa (Johannesburg), Somaliland (Hargeisa), Tanzania (Dar Es Salaam), Uganda (Kampala), and Canada (Toronto) | India, Kenya, South Africa, etc. |
Annual Trading Volume | $10 billion | $4 billion |
Number of Employees | 1800 | 100 |
Number of Clients | 5.7 million | 3000 |
Regulatory Institutions | FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia National Bank of Belgium in EU FSPR in New Zealand FSA in Japan | FinCEN in the USA De Nederlandsche Bank in the EU Central Bank of Kenya in Kenya FSCA in South Africa |
Awards | Best Practice in Remittances for Development by IFAD (United Nations Agency, 2015) Technology Fast 50 (Deloitte, 2015, 2016, and 2017) Tech Track 100 (Sunday Times, 2016, 2017, 2018, and 2019) Excellence in Transformational Business (FT/IFC Transformational Business Awards, 2017) EY Entrepreneur Of The Year (2016) Bronze Award (European Contact Centre & Customer Service Awards, 2019) The Powerlist (BBC, 2020) Best for International Transfers (Best Money Transfer Apps – Investopedia, 2021 and 2023) | Best Cross-Border Payments Infrastructure (Payment Awards, 2022) |
WorldRemit Pros & Cons
WorldRemit Pros
- Many payment methods
- Competitive foreign exchange rates
- Small transaction fees
- Excellent policy for transfer cancellations
- Instant, personalized cost estimates
- Cash pickup services available
- Mobile digital wallet features
- Comprehensive global service availability
- Strong coverage of over 70 unique currencies
- Wide local presence with offices in 15 nations
- Quick funds transfers
- Comprehensive and informative knowledge base
WorldRemit Cons
- Not ideal for transferring large sums of money
- No personal account managers available
- Lacks business solutions like forward contracts and limit orders
- Numerous criticisms pertaining to customer service
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
Top Rated Money Transfer Service
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