XE vs VertoFX: Fees & Reviews Compared (2025)

Both XE and VertoFX 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	VertoFX
Trustpilot Rating	4.3	3.9
Number of Trustpilot Reviews	61,500	500
iOS App Rating	4.3	N/A
Number of iOS App Reviews	5,300	N/A
Android App Rating	3.5	N/A
Number of Android App Reviews	113,000	N/A

Data taken from relevant websites at time of publication.

	XE	VertoFX
App Transfers	Yes	Yes
Online Transfers	Yes	Yes
Phone Transfers	No	No
In-person Transfers	Yes	No
Available Countries	170	200
Number of Currencies	50	51
Payment Methods	Bank account Debit card Credit card Check Direct debit BillPay BPAY PayID Interac	Bank account Debit card Credit card Online wallet
Receiving Methods	Online wallet Bank account Cash pickup	Bank account Online wallet
Cash Pickup Option	Yes	No
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	Yes
Instant Custom Quote	Yes	No
Business Features	Spot contracts Forwards contracts Market orders Digital multi-currency wallet Rate alerts API portal	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 for cash pick-up transfers when the cash hasn’t been collected by the recipient	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 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.

	XE	VertoFX
Year Founded	1993	2017
Headquarters	Newmarket, ‎Ontario‎, ‎Canada	London, UK
Other Office Locations	Canada, Australia, the US, the UK, and New Zealand	India, Kenya, South Africa, etc.
Annual Trading Volume	£15 billion	$4 billion
Number of Employees	350	100
Number of Clients	150000	3000
Regulatory Institutions	FinCEN in the USA FINTRAC and OSFI in Canada FCA in the UK ASIC in Australia	FinCEN in the USA De Nederlandsche Bank in the EU Central Bank of Kenya in Kenya FSCA in South Africa
Awards	International Money Transfers Outstanding Value Award (Canstar, 2021)	Best Cross-Border Payments Infrastructure (Payment Awards, 2022)

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	VertoFX
Homepage
Transfer Fee	£2.00 under £250 (UK) €2.00 under €250 (EU) No fee for other sums	No fee
Average Exchange Rate Markup	0.2% to 1.4%	0.2%-0.6%
Minimum Transfer Amount	$1	$1
Maximum Transfer Amount	£350,000 (UK and EU) $535,000 (US) CAD $535,000 (Canada) NZD $750,000 (New Zealand)	No limit