XE vs CurrencyFair

Is XE better than CurrencyFair? Both companies offer bank-beating mid-market exchange rates on money transfer and both are well-regulated, secure and customer-oriented, giving banks a good run for their money. Although CurrencyFair charges a small fixed fee per transfer, their exchange rates are very competitive. On the other hand, XE offers zero-fee transfers in over 60 currencies.

CurrencyFair also offers a standout solution to save users even more money through their peer-to-peer exchange, enabling you to set your desired rate and match with other CurrencyFair users in the exchange. Both XE and CurrencyFair offer highly competitive money transfer services and fees vs other transfer agents or banks.

Established
Established
1993
2009
TrustPilot Rating
TrustPilot Rating
Office Locations
Office Locations
Canada, UK, USA
Ireland, Australia, UK
REGULATION
ASIC (Australia)
ASIC (Australia)
FCA (UK)
FCA (UK)
CBI (Ireland)
CBI (Ireland)
Other
Other
FinCen, Fintrac
-
SAFETY
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
0 Fees
Fixed €3 fee
Exchange Rate
Exchange Rate
Mid-market
Mid-market
Other Fees
Other Fees
-
-
Minimum Transfer Amount
Minimum Transfer Amount
€/£/$1
€/£/$8
Maximum Transfer Amount
Maximum Transfer Amount
$500K
Unlimited
SENDING & RECEIVING OPTIONS
Scheduled & Recurring Payments
Scheduled & Recurring Payments
Delivery Speed
Delivery Speed
0 - 2 Days
0 - 2 Days
Countries
Countries
170
160
Currencies
Currencies
60+
20+
CUSTOMER SUPPORT
Phone Assistance
Phone Assistance
Email
Email
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
Within minutes
eKYC
eKYC
Ease of Use
Ease of Use
Easy
Easy
CURRENCY EXCHANGE FEATURES
Limit Orders
Limit Orders
Forward Contracts
Forward Contracts
SAVINGS FEATURES
Free multi-currency account
Free multi-currency account
Choose your own rate
Choose your own rate
Rate alerts
Rate alerts
UNIQUE FEATURES
Peer-To-Peer Direct Transfers
Peer-To-Peer Direct Transfers
Same Day Transfers (when possible)
Same Day Transfers (when possible)
Zero Fees on Transfers
Zero Fees on Transfers
On first 10 transfers
MOBILE TRANSFERS
Full Featured App
Full Featured App
Mobile Adaptive Website
Mobile Adaptive Website
App UX
App UX