CurrencyFair vs RationalFX

Is CurrencyFair better than RationalFX?

Both RationalFX and CurrencyFair are solid, regulated and effective money transfer companies, giving high-street banks a good run for their money due to much cheaper rates and quick delivery. However, there are some distinctive differences between them. First and foremost, CurrencyFair is the only solution of the two available for the USA residents. In addition to that, the CurrencyFair’s unique peer-to-peer system allowing the lowest exchange rates possible, lower fee and a nominal minimum limit make it a winner in this battle.

Established
Established
2009
2005
TrustPilot Rating
TrustPilot Rating
Office Locations
Office Locations
Ireland, Australia, UK
UK, France, Spain, Germany
REGULATION
ASIC (Australia)
ASIC (Australia)
FCA (UK)
FCA (UK)
CBI (Ireland)
CBI (Ireland)
Other
Other
AFS
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 Fees for regular (recurring) payments. Flat £4 fee per transaction on currency exchange
Exchange Rate
Exchange Rate
Mid-market
Exact quote available after a sign-up
Other Fees
Other Fees
-
-
Minimum Transfer Amount
Minimum Transfer Amount
€/£/$8
£1,000
Maximum Transfer Amount
Maximum Transfer Amount
Unlimited
Unlimited
SENDING & RECEIVING OPTIONS
Scheduled & Recurring Payments
Scheduled & Recurring Payments
Delivery Speed
Delivery Speed
0 - 2 Days
0 - 3 Days
Countries
Countries
160
173
Currencies
Currencies
20+
48
CUSTOMER SUPPORT
Phone Assistance
Phone Assistance
Email
Email
Live Chat
Live Chat
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
ONBOARDING SIMPLICITY
Onboarding Time
Onboarding Time
Within minutes
Less than an hour
eKYC
eKYC
Ease of Use
Ease of Use
Easy
Moderate
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
Zero Fees on Transfers
Zero Fees on Transfers
On first 10 transfers
Flat fee of £4
MOBILE TRANSFERS
Full Featured App
Full Featured App
Mobile Adaptive Website
Mobile Adaptive Website
App UX
App UX