Compare World First UK vs TorFX

World First UK Ltd Logo
Trustpilot Rating
Reviews 1,366 | Excellent

World First UK Ltd is an electronic money institution focused on international money transfers for businesses and individuals. World First UK Ltd offers international money transfers, virtual personal accounts, virtual business accounts, foreign exchange. In 2018 World First UK Ltd had total assets of 485.46 mln GBP, World First UK Ltd generated net income of -4,028,000.00 GBP. Incorporated in the United Kingdom, World First UK Ltd is authorized and regulated by the Financial Conduct Authority.

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

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.

World First UK Business Focus
international money transfers for businesses and individuals
World First UK Products
  • virtual personal accounts
  • virtual business accounts
World First UK Services
  • international money transfers
  • foreign exchange

View World First UK 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

World First UK TorFX
Speed0-4 days1-2 days
Amount Rangen/a100 GBP - unlimited
Countries150+ countries120+ countries
Currencies100+ currencies40+ currencies
Sending From
  • bank accounts
  • debit cards
  • 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
  • market orders
  • limit orders
  • stop-loss orders
Make Transfer

Transfer Speed

World First UK

Transfer speed with WorldFirst depends on the currency you're sending or buying, the bank used and the size of the transaction.

  • USD, GBP, EUR: WorldFirst usually makes a same-day payment when WorldFirst receives your funds
  • Other currencies: it can take 1-4 days, depending on the currency
  • USD from other countries: can take 1-4 days


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

Available Currencies


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

World First UK

Debit Card
If you're a private client you can use your debit card to send your money to WorldFirst. This is one of the fastest ways you can pay.
Online/Telephone Banking (Faster Payment)
This usually arrives with us the same day or the following morning.
A BACS payment takes two working days for funds to arrive. They will be cleared funds on the third day, which is when your payment will be able to leave WorldFirst.
Direct Debit
If you're sending us GBP funds, WorldFirst can collect them by Direct Debit. Once a direct debit is set up, WorldFirst arranges collection of the funds and it is similar to a BACS payment in terms of clearing times.
A CHAPS payment is a same-day payment and will arrive with WorldFirst on the day you send it.
Different Source
WorldFirst can receive funds from an account in a different name to yours, but it will need to verify the source.


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

World First UK

Bank Accounts
As worldFirst is making the payment on your behalf, the funds will arrive in your beneficiary's account from WorldFirst and not in your name. There will also be a reference which starts with WFPAY and followed by a sequence of numbers.


Bank accounts
TorFX offers sending money to bank accounts only.

Transfer Costs


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

Advantages and Disadvantages

Advantages of World First UK Transfers

Support for spot and forward contracts
Available for individuals and business customers
Market updates are available

Advantages of TorFX Transfers

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

Disadvantages of World First UK 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 TorFX Transfers Work

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

See Also