Tor Currency Exchange Limited

Tor Currency Exchange Limited Logo
Trustpilot Rating
Reviews 3,476 | Excellent
 (4.8)
Business Focus
international money transfers

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.

Products
  • virtual accounts
Services
  • money transfers
  • regular payments
  • repatriation of funds
Clients
  • individuals
  • businesses

Money Transfers

TorFX offers money transfers between more than 120 countries in more than 40 currencies. Money can be sent from bank accounts, debit cards and received to bank accounts. Transfers made with TorFX are usually completed within 1-2 days.

tor-currency-exchange Money Transfers
Speed
1-2 days
Amount Range
100 GBP - unlimited
Countries
120+ countries
Currencies
40+ currencies
Transfer Options
  • one-time payments
  • regular payments
  • large amounts transfers
Sending From
  • bank accounts
  • debit cards
Receiving To
  • bank accounts
Risk Management
  • spot contracts
  • forward contracts
  • market orders
  • limit orders
  • stop-loss orders

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.

Transfer Speed

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

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 of TorFX Transfers

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

Disadvantages of TorFX Transfers

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

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.


Alternatives to TorFX Transfers

Compare TorFX Money Transfers

See Also

Operations with Cryptocurrencies

No

TorFX do not conduct operations with cryptocurrencies.

See Also

Financial Highlights

Total Assets (2019)
108.42 mln GBP  (+16.13%)
Gross Profit (2019)
21.52 mln GBP  (+8.72%)
Net Income (2019)
7.59 mln GBP  (-2.28%)

Mobile Applications

Mobile Application: TorFX Money Transfer

 1.5, 2 Ratings

TorFX Money Transfer
TorFX Money Transfer
TorFX Money Transfer
TorFX Money Transfer
TorFX Money Transfer Supported Languages
GBEnglish

Company Details

Country of Registration
GBUnited Kingdom
Company Number
05193147
Authorized By
Financial Conduct Authority
Reference Number
900706
Authorization Granted
23 March 2018
Authorized Activities
  • issuance of electronic money
  • placing cash to a payment account
  • withdrawing cash from a payment account
  • execution of payment transactions on a payment account (not covered by a credit line)
  • execution of payment transactions on a payment account (using a credit line)
  • issuing payment instruments or acquiring payment transactions
  • money remittance
  • execution of payment transactions via telecoms, IT system or network operator

Tor Currency Exchange Limited is authorized by the Financial Conduct Authority (reference number 900706) for issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator. The authorization was granted on 23 March 2018.

EEA Passport
Yes
Deposit Guarantee
No

Due to EEA passport rules Tor Currency Exchange Limited, can conduct its activities in any of the 31 EEA member states. Tor Currency Exchange Limited do not participate in deposit guarantee schemes.

See Also

Contacts

Cornwall Pz360 St. Marys Terrace, TR18 4DZ, Penzance, United Kingdom
+44 01736335250
Website Languages
GBEnglish

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