Compare Cambridge Currencies vs TorFX

Cambridge Currencies

Cambridge Currencies Ltd Logo
seamless cross-border transactions

Cambridge Currencies has been founded by financial professionals to help individuals and businesses navigate the complexities of currency exchange. The company aims to provide you with seamless, cost-effective solutions tailored to customers unique requirements. Cambridge Currencies Ltd acts as an appointed representative of Equals Connect Limited (registered no. 07131446), authorised by the Financial Conduct Authority to provide payment services (FRN: 671508).



TorFX

Tor Currency Exchange Limited Logo
TheBanks.eu Rating
Good  (3.80)
international money transfers

Tor Currency Exchange Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. TorFX is focused on international money transfers. The company offers money transfers, regular payments, repatriation of funds, virtual accounts to individuals, businesses. In 2023 Tor Currency Exchange Limited had total assets of 212.70 mln GBP, and generated net income of 21.96 mln GBP. During 2023 the company had 80 employees in average. Tor Currency Exchange Limited is doing business as TorFX.


Business Overview

Products
  • e-wallet accounts
  • virtual accounts
Services
  • international money transfers
  • foreign exchange
  • money transfers
  • regular payments
  • repatriation of funds
Clients
  • natural persons
  • high-net-worth individuals
  • companies
  • institutions
  • individuals
  • businesses
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Compare Money Transfers

Speedinstant - 2 days1-2 days
Amount Rangeunlimited100 GBP - unlimited
Countries50+ countries120+ countries
Currencies30+ currencies40+ currencies
Sending From
  • bank accounts
  • bank accounts
  • debit cards
Receiving To
  • bank accounts
  • bank accounts
Transfer Options
  • one-time payments
  • regular payments
  • large amounts transfers
Risk Management
  • spot contracts
  • forward contracts
  • limit orders
  • market orders
  • spot contracts
  • forward contracts
  • market orders
  • limit orders
  • stop-loss orders
Make Transfer Make Transfer

Transfer Costs

Fees and Exchange Rates
Fees and exchange rates can vary depending on factors such as the currency pair, the amount being transferred, and any applicable promotions or offers. Cambridge Currencies offers competitive exchange rates. To avoid fees, customers should ensure their transfer exceeds the specified free threshold limit. Typically, no fees are associated with transfers that meet this criterion.

Transfer Fees
TorFX does not charge anything outside of the actual exchange rate TorFX quotes.
Exchange Rate
TorFX secures a highly competitive exchange rate.

Transfer Speed

Time required for Cambridge Currencies to make a transfer can vary depending on the destination country, selected transfer method, and any regulatory requirements. Typically, transfers can range from instant to a few business days.

It can take 1-2 working days for the money to arrive depending on the currencies involved and the destination country.

Available Currencies

ANG (Netherlands Antillean guilder)
BSBSD (Bahamian dollar)
BZBZD (Belize dollar)
FJFJD (Fijian Dollar)
JMJMD (Jamaican dollar)
KYKYD (Cayman Islands dollar)
KZKZT (Kazakhstani tenge)
LSLSL (Lesotho Loti)
PEPEN (Peruvian Nuevo Sol)
PHPHP (Philippine peso)
PKPKR (Pakistani rupee)
RORON (Romanian new leu)
RSRSD (Serbian dinar)
SZSZL (Swazi lilangeni)
TTTTD (Trinidad and Tobago dollar)
VUVUV (Vanuatu Vatu)
XCD (East Caribbean dollar)
AUAUD (Australian dollar)
BHBHD (Bahraini Dinar)
CACAD (Canadian dollar)
CZCZK (Czech koruna)
DKDKK (Danish krone)
EUEUR (Euro)
EGEGP (Egyptian Pound)
HKHKD (Hong Kong dollar)
HUHUF (Hungarian forint)
JPJPY (Japanese yen)
KWKWD (Kuwatiti Dinar)
MAMAD (Moroccan Dirham)
NZNZD (New Zealand dollar)
NONOK (Norwegian krone)
OMOMR (Omani Rial)
PLPLN (Polish złoty)
GBGBP (Pound sterling)
QAQAR (Qatari Riyal)
RORON (Romanian new leu)
SASAR (Saudi riyal)
SGSGD (Singapore dollar)
ZAZAR (South African rand)
SESEK (Swedish krona/kronor)
CHCHF (Swiss franc)
AEAED (UAE dirham)

AEAED (UAE dirham)
AUAUD (Australian dollar)
BHBHD (Bahraini Dinar)
BWBWP (Botswana Pula)
CACAD (Canadian dollar)
CHCHF (Swiss franc)
CNCNY (Renminbi (Chinese) yuan)
CZCZK (Czech koruna)
DKDKK (Danish krone)
EGEGP (Egyptian Pound)
EUEUR (Euro)
FJFJD (Fijian Dollar)
GBGBP (Pound sterling)
HKHKD (Hong Kong dollar)
HRHRK (Croatian kuna)
HUHUF (Hungarian forint)
ILILS (Israeli shekels)
ININR (Indian rupee)
JPJPY (Japanese yen)
KEKES (Kenyan Shilling)
KWKWD (Kuwatiti Dinar)
LKLKR (Sri Lankan Rupee)
MAMAD (Moroccan Dirham)
MUMUR (Mauritian Rupee)
MXMXN (Mexican peso)
MTMTL (Maltese lira)
NONOK (Norwegian krone)
NZNZD (New Zealand dollar)
OMOMR (Omani Rial)
PHPHP (Philippine peso)
PLPLN (Polish złoty)
QAQAR (Qatari Riyal)
RORON (Romanian new leu)
RURUB (Russian ruble)
SASAR (Saudi riyal)
SESEK (Swedish krona/kronor)
SGSGD (Singapore dollar)
THTHB (Thai baht)
TRTRY (Turkish lira)
TTTTD (Trinidad and Tobago dollar)
UGUGX (Ugandan Shilling)
XCD (East Caribbean dollar)

Sending Methods

TorFX Account
TorFX offers sending money from a sender's TorFX account only.
So, to be able to perform a transfer, a sender should first open an account with TorFX and deposit enough money to this account.
TorFX account can be topped up from the sender's bank account as well as via Visa debit cards and bank cheques. Both the cards and bank cheques should be nominated in GBP. Client funds are held at segregated TorFX's client accounts with Barclays bank.

Receiving Methods

Bank accounts
TorFX offers sending money to bank accounts only.

Advantages

 Spot and forward contracts
 Available to personal and business customers
 Dedicated account managers
 Transfers through an online system, a mobile app, over the phone
 In-branch transfers

 Spot and forward contracts
 Available to personal and business customers
 Dedicated account managers

Disadvantages

 Bank-to-bank transfers only

 Bank-to-bank transfers only
 No cash exchange or pre-paid travel cards

How It Works


How Cambridge Currencies Transfers Work

1.
Get Your Rate
Chat with their experts to find out the transfer rate.
2.
Sign Up
Create your free account in just a few minutes.
3.
Secure Your Rate
Lock in the rate using your newly opened account.
4.
Send Money
Wire funds to complete your transfer.





How TorFX Transfers Work

1.
Register with TorFX
Registering online or by phone with TorFX is fast, free and easy.
2.
Get a Rate
Once registered you can get a quote or secure a rate online or over the phone.
3.
Arrange Your Transfer
Buy currency online or over the phone with your account manager.
4.
Complete transfer
Your purchased currency will arrive safely into your nominated bank account.




See Also

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