Compare World First UK vs UKForex

World First UK Ltd Logo
Trustpilot Rating
Reviews 1,366 | Excellent
 (4.8)

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.

UKForex Ltd Logo
Trustpilot Rating
Reviews 4,020 | Excellent
 (4.4)

UKForex Ltd is an electronic money institution focused on foreign exchange and international payments. UKForex Ltd offers international money transfers, foreign exchange, e-wallet accounts to individuals, small- and medium-sized businesses, online sellers. In 2019 UKForex Ltd had total assets of 19.86 mln GBP, UKForex Ltd generated net income of 997,869.00 GBP. Incorporated in the United Kingdom, UKForex Ltd is authorized and regulated by the Financial Conduct Authority. UKForex Ltd is doing business as OFX.

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 +

UKForex Business Focus
foreign exchange and international payments
UKForex Products
  • e-wallet accounts
UKForex Services
  • international money transfers
  • foreign exchange
UKForex Clients
  • individuals
  • small- and medium-sized businesses
  • online sellers

View UKForex Profile +

Compare Money Transfers

World First UK UKForex
Speed0-4 days0-3 days
Amount Rangen/a100 GBP - unlimited
Countries150+ countries197 countries
Currencies100+ currencies55+ currencies
Sending From
  • bank accounts
  • debit cards
  • bank accounts
  • debit cards (UK GBP)
Receiving To
  • bank accounts
  • bank accounts
Transfer Options
  • one-time payments
  • regular payments
  • large amounts transfers
Risk Management
  • forward exchange contracts
  • target rate 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

UKForex

OFX's global network of banks allows us to transfer money overseas securely and quickly. Most other major currency transfers may arrive within 1-2 days (from the time OFX receives your funds). While banks require that you submit your money transfer orders during their business hours, OFX operates 24 hours a day, 7 days a week.

Available Currencies

UKForex

AEAED (UAE dirham)
AUAUD (Australian dollar)
CACAD (Canadian dollar)
CHCHF (Swiss franc)
DKDKK (Danish krone)
EUEUR (Euro)
GBGBP (Pound sterling)
HKHKD (Hong Kong dollar)
HUHUF (Hungarian forint)
ILILS (Israeli shekels)
JPJPY (Japanese yen)
MXMXN (Mexican peso)
NONOK (Norwegian krone)
NZNZD (New Zealand dollar)
PLPLN (Polish złoty)
SESEK (Swedish krona/kronor)
SGSGD (Singapore dollar)
THTHB (Thai baht)
TRTRY (Turkish lira)
USUSD (US dollar)
ZAZAR (South African rand)
AZAZN (Azerbaijani Minat)
BGBGN (Bulgarian lev)
BHBHD (Bahraini Dinar)
BNBND (Brunei Dollar)
CNCNY (Renminbi (Chinese) yuan)
CZCZK (Czech koruna)
EGEGP (Egyptian Pound)
FJFJD (Fijian Dollar)
IDIDR (Indonesian rupiah)
ININR (Indian rupee)
KRKRW (South Korean won)
KWKWD (Kuwatiti Dinar)
LKLKR (Sri Lankan Rupee)
MAMAD (Moroccan Dirham)
MGMGA (Malagasy Ariary)
MYMYR (Malaysian ringgit)
OMOMR (Omani Rial)
PEPEN (Peruvian Nuevo Sol)
PGPGK (Papua New Guinea Kina)
PHPHP (Philippine peso)
PKPKR (Pakistani rupee)
RURUB (Russian ruble)
SASAR (Saudi riyal)
SBSBD (Solomon Island Dollar)
SCSCR (Seychelles Rupee)
TOTOP (Tongan Pa anga)
TWTWD (Taiwanese Dollar)
TZTZN (Tanzanian Shilling)
VEVEF (Venezuelan Bolivar Fuerte)
VNVND (Vietnamese Dong)
VUVUV (Vanuatu Vatu)
WSWST (Samoan Talar)
XOF (West African CFA Franc)
XPF (CFP Franc)

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.
BACS
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.
CHAPS
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.

UKForex

Debit Cards
Available for Visa debit cards in GBP issued for UK customers.
Bank Accounts

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.

UKForex

Bank Accounts
OFX supports transfers to bank accounts only.

Transfer Costs

UKForex

Transfer Fees
Zero transfer fees for all transfers (special offer for registrations from TheBanks.eu). Note: $15.00 standard fee is normally charged for transfers under $10,000 at OFX; there is no transfer fee when transferring over $10,000.
Exchange Rate
OFX delivers competitive exchange rates, so you can save up to 75% on the exchange rate margin and keep more of your money.

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 UKForex Transfers

Zero transfer fees
Spot and forward contracts
Support for limit orders
Available for individuals and business customers

Disadvantages of World First UK Transfers

Receiving money to bank accounts only

Disadvantages of UKForex Transfers

Receiving money to bank accounts only

How UKForex Transfers Work

1.
Register with OFX
Register, get verified and login.
2.
Setup Transfer
Enter your recipient’s bank account details and lock-in your transfer.
3.
Send Funds
Simply send your funds to us via Debit Card (Personal transfer only) or Electronic Funds Transfer and OFX will do the rest.


See Also