XE vs Instarem: Fees & Reviews Compared (2025)

Both XE and Instarem 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.

	XE	Instarem
Trustpilot Rating	4.3	4.4
Number of Trustpilot Reviews	61,500	8,000
iOS App Rating	4.3	3.7
Number of iOS App Reviews	5,300	530
Android App Rating	3.5	4.3
Number of Android App Reviews	113,000	7,800

Data taken from relevant websites at time of publication.

	XE	Instarem
App Transfers	Yes	Yes
Online Transfers	Yes	Yes
Phone Transfers	No	No
In-person Transfers	Yes	No
Available Countries	170	60
Number of Currencies	50	30
Payment Methods	Bank account Debit card Credit card Check Direct debit BillPay BPAY PayID Interac	Bank account Debit card Credit card PayNow PayID POLi FPX Interac
Receiving Methods	Online wallet Bank account Cash pickup	Bank account Alipay wallet in China Cash pickup in the Philippines
Cash Pickup Option	Yes	Only for the Philippines
Payments Flexibility	Web platform Mobile app	Web platform Mobile app
Supported Languages	English, German, Spanish, French, Portuguese, Italian, Swedish, Arabic, Japanese, and Chinese	English
Transfer Speed	1-4 days	1-2 days
Dedicated Dealer	Only for customers transferring above $70,000	No
Instant Custom Quote	Yes	Yes
Business Features	Spot contracts Forwards contracts Market orders Digital multi-currency wallet Rate alerts API portal	Bulk Payments
Debit Card	None	amaze by Instarem
Cancellation Policy	Only for cash pick-up transfers when the cash hasn’t been collected by the recipient	Without a cancellation fee if the transfer hasn’t been processed. Contact customer services to discuss cancellation if the transfer has been processed.
Suitability	Small and large money transfers	Small money transfers

Top Rated Money Transfer Service

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

	XE	Instarem
Year Founded	1993	2014
Headquarters	Newmarket, ‎Ontario‎, ‎Canada	Singapore
Other Office Locations	Canada, Australia, the US, the UK, and New Zealand	Canada, the United States, the United Kingdom, Lithuania, India, Hong Kong, Japan, Malaysia, Indonesia, and Australia
Annual Trading Volume	£15 billion	$3 billion
Number of Employees	350	300
Number of Clients	150000	1 million
Regulatory Institutions	FinCEN in the USA FINTRAC and OSFI in Canada FCA in the UK ASIC in Australia	FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia The Bank of Lithuania in the EU MAS in Singapore CED in Hong Kong Central Bank of Malaysia in Malaysia Bank of Indonesia in Indonesia Kanto Local Finance Bureau in Japan Reserve Bank of India in India
Awards	International Money Transfers Outstanding Value Award (Canstar, 2021)	Singapore Fintech Award (Singapore Fintech Festival, 2017) FinTech Rising Star Award (India FinTech Awards, 2017) Outstanding Digital Cross-Border Money Transfer Service (India FinTech Awards, 2017) Blockchain Innovator Award (Swell by Ripple, 2018) Excellence in Payments (Fintech Australia, 2018) Best Value International Money Transfer Provider Award (Mozo Experts Choice, 2020 and 2021)

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:

	XE	Instarem
Homepage
Transfer Fee	£2.00 under £250 (UK) €2.00 under €250 (EU) No fee for other sums	Depends on the selected countries, the transfer amount, and the selected payment method.
Average Exchange Rate Markup	0.2% to 1.4%	0.3% – 0.6%
Minimum Transfer Amount	$1	$1 ($50 for India)
Maximum Transfer Amount	£350,000 (UK and EU) $535,000 (US) CAD $535,000 (Canada) NZD $750,000 (New Zealand)	Depends on the origin country and the selected payment method.