Compare TransferGO vs TorFX

UAB 'TransferGO Lithuania' Logo
Trustpilot Rating
Reviews 17,435 | Excellent
 (4.8)

UAB 'TransferGO Lithuania' is an electronic money institution focused on international money transfers. UAB 'TransferGO Lithuania' offers fast money transfers, mobile money transfers, batch payments to individuals, businesses. In 2019 UAB 'TransferGO Lithuania' had total customer funds to be safeguarded of 0.00 EUR, UAB 'TransferGO Lithuania' generated gross profit of 0.00 EUR. Incorporated in Lithuania, UAB 'TransferGO Lithuania' is authorized and regulated by the Bank of Lithuania.

Tor Currency Exchange Limited Logo
Trustpilot Rating
Reviews 3,476 | Excellent
 (4.8)

Tor Currency Exchange Limited is an electronic money institution focused on international money transfers. Tor Currency Exchange Limited offers money transfers, regular payments, repatriation of funds, virtual accounts to individuals, businesses. In 2019 Tor Currency Exchange Limited had total assets of 108.42 mln GBP, Tor Currency Exchange Limited generated net income of 7.59 mln GBP. Incorporated in the United Kingdom, Tor Currency Exchange Limited is authorized and regulated by the Financial Conduct Authority. Tor Currency Exchange Limited is doing business as TorFX.

TransferGO Business Focus
international money transfers
TransferGO Services
  • fast money transfers
  • mobile money transfers
  • batch payments
TransferGO Clients
  • individuals
  • businesses

View TransferGO Profile +

TorFX Business Focus
international money transfers
TorFX Products
  • virtual accounts
TorFX Services
  • money transfers
  • regular payments
  • repatriation of funds
TorFX Clients
  • individuals
  • businesses

View TorFX Profile +

Compare Money Transfers

TransferGO TorFX
Speed0-4 days1-2 days
Amount Rangenone - none100 GBP - unlimited
Countries40+ countries120+ countries
Currencies20+ currencies40+ currencies
Sending From
  • TransferGO accounts
  • bank accounts
  • debit cards
  • credit cards
  • bank accounts
  • debit cards
Receiving To
  • bank accounts
  • bank accounts
Transfer Options
  • one-time payments
  • one-time payments
  • regular payments
  • large amounts transfers
Risk Management
  • spot contracts
  • forward contracts
  • market orders
  • limit orders
  • stop-loss orders
Make Transfer Make Transfer
 

Transfer Costs

TransferGO

Transfer Fees
TransferGo charges a fixed fee depending on which country a customer is sending money from, for example:

  • Eurozone: 0.99-2.99 EUR
  • United Kingdom: 0.99-2.99 GBP

Exchange Rate
TransferGo charges foreign exchnage commission between 0.00% and 3.3%

TorFX

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

TransferGO

In general TransferGo processes the transfer within 0-4 days and offers several delivery time options:

  • Standard Delivery Time is the next business day from when TransferGo receives the transfer deposit
  • Cheep Delivery Time takes up to 3 business days from when TransferGo receives the transfer deposit
  • With Fast Delivery Option the money can be delivered in less than 30 minutes depending on the country where the deposit originates
For limited services countries delivery takes up to 1 business longer than in the main countries.

TorFX

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

Sending Countries

TransferGO

TransferGO allows to send money from 33 countries, namely:

AT Austria
BE Belgium
HR Croatia
CY Cyprus
CZ Czech Republic
DK Denmark
EE Estonia
FI Finland
FR France
DE Germany
GR Greece
HU Hungary
IS Iceland
IE Ireland
IT Italy
LV Latvia
LI Liechtenstein
LT Lithuania
LU Luxembourg
MT Malta
MC Monaco
NL Netherlands
NO Norway
PL Poland
PT Portugal
RO Romania
SM San Marino
SI Slovenia
SK Slovakia
ES Spain
SE Sweden
CH Switzerland
GB United Kingdom

Receiving Countries

TransferGO

TransferGO allows to send money to 55 countries, namely:

AU Australia
AT Austria
BD Bangladesh
BE Belgium
BG Bulgaria
CA Canada
CN China
HR Croatia
CY Cyprus
CZ Czech Republic
DK Denmark
EE Estonia
FI Finland
FR France
DE Germany
GR Greece
HK Hong Kong
HU Hungary
IS Iceland
IN India
ID Indonesia
IE Ireland
IL Israel
IT Italy
KE Kenya
LI Liechtenstein
LT Lithuania
LU Luxembourg
LV Latvia
MT Malta
MX Mexico
MC Monaco
NG Nigeria
NL Netherlands
NO Norway
NP Nepal
PH Philippines
PK Pakistan
PL Poland
PT Portugal
RO Romania
RU Russian Federation
SM San Marino
SI Slovenia
SK Slovakia
ZA South Africa
ES Spain
LK Sri Lanka
SE Sweden
CH Switzerland
TH Thailand
TR Turkey
GB United Kingdom
US United States
UA Ukraine

Sending Methods

TransferGO

TransferGO Account
In order to be able to make a transfer, you should top-up your TransferGO account.
Bank Account
Make a local transfer to TransferGo using the details provided.
Payment Cards
TransferGO accepts Visa and Mastercard debit and credit cards (in GBP, EUR, PLN, NOK, SEK and DKK) with a limit of 2,500.00 GBP for Standard delivery option. Pre-paid or other type cards are not accepted.

TorFX

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

TransferGO

Bank Account
TransferGO performs transfers to bank accounts only.

TorFX

Bank accounts
TorFX offers sending money to bank accounts only.

Available Currencies

TorFX

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)

Advantages and Disadvantages

Advantages of TransferGO Transfers

Available to personal and business customers

Advantages of TorFX Transfers

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

Disadvantages of TransferGO Transfers

Receiving money to bank accounts only

Disadvantages of TorFX Transfers

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

How TransferGO Transfers Work

1.
Login or register
Login or register at TransferGO website.
2.
Book a transfer
Provide the recipient’s details and the amount you want to send.
3.
Make a local payment
Make a local bank transfer or use a debit card (for payments up to 1,000 GBP).
4.
TransferGO does the rest
Once TransferGO received your payment the money will arrive at the other end within hours.


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