CurrencyFair vs Currencies Direct

Is CurrencyFair better than Currencies Direct?

Both companies offer bank-beating mid-market exchange rates and both are well-regulated, secure and customer-oriented, giving banks a good run for their money. The two services are about even for smaller amounts, however, the higher the amount you transfer — the more CurrencyFair is taking the lead since there is no limitation of the amount you can send. You also usually get more competitive FX rates, and can even request your own rate and wait for “Direct Transfers” matching system to find you the desired deal.

Established
Established
2009
1996
TrustPilot Rating
TrustPilot Rating
Office Locations
Office Locations
Ireland, Australia, UK
UK, EU, USA, India, South Africa
REGULATION
ASIC (Australia)
ASIC (Australia)
FCA (UK)
FCA (UK)
CBI (Ireland)
CBI (Ireland)
Other
Other
AFS
HMRC
SAFTEY
Two-factor payment authentication
Two-factor payment authentication
Information stored in a secure data center
Information stored in a secure data center
Segregated customer accounts
Segregated customer accounts
256-bit website encryption via SSL from VeriSign
256-bit website encryption via SSL from VeriSign
FEES & CHARGES
Transaction Fee
Transaction Fee
Fixed €3 fee
No/Low Fees
Exchange Rate
Exchange Rate
Mid-market
Mid-market
Other Fees
Other Fees
Minimum Transfer Amount
Minimum Transfer Amount
€/£/$1
€/£/$1
SENDING & RECEIVING OPTIONS
Scheduled & Recurring Payments
Scheduled & Recurring Payments
Delivery Speed
Delivery Speed
0 - 2 Days
0 - 3 Days
Countries
Countries
160
170
Currencies
Currencies
20+
60+
CUSTOMER SUPPORT
Phone Assistance
Phone Assistance
Email
Email
Live Chat
Live Chat
24/7, 7 days/week
24/7, 7 days/week
BUSINESS TRANSFER FEATURES
Bulk/Mass Payments
Bulk/Mass Payments
FX Hedging
FX Hedging
Risk Management
Risk Management
TRANSFER METHODS
Bank Transfer
Bank Transfer
Credit/Debit Card
Credit/Debit Card
Cash
Cash
Cheque
Cheque
Other
Other
ONBOARDING SIMPLICITY
Onboarding Time
Onboarding Time
Within minutes
Within minutes
eKYC
eKYC
Ease of Use
Ease of Use
Easy
Easy
CURRENCY EXCHANGE FEATURES
Real-time Marketplace for User-Defined FX Rates (bids)
Real-time Marketplace for User-Defined FX Rates (bids)
Limit Orders
Limit Orders
Forward contracts
Forward contracts
SAVINGS FEATURES
Free multi-currency wallet
Free multi-currency wallet
Choose your own rate
Choose your own rate
Rate alerts
Rate alerts
UNIQUE FEATURES
Peer-To-Peer Direct Transfers
Peer-To-Peer Direct Transfers
“Express Transfers” within 1 day
“Express Transfers” within 1 day
Website access comes in English, German, and French.
Website access comes in English, German, and French.
First 3 Transactions Fee Free coupon
First 3 Transactions Fee Free coupon
MOBILE TRANSFERS
Full Featured App
Full Featured App
Mobile Adaptive Website
Mobile Adaptive Website
App UX
App UX
Expand your reach with NO transfer fees!

Make payments in 120 countries and in 40+ currencies

 

Expand your reach with NO transfer fees!

Make payments in 120 countries and in 40+ currencies