TorFX Reviewed: A Trusted Money Transfer Option for UK and Australian Users
Looking to send money overseas from the UK or Australia? TorFX provides fee-free transfers, strong exchange rates, and personal service—ideal for large payments like property or relocation. Find out if it’s right for you in 2025.
TorFX Review for Australian and UK Users – 2025
TorFX is a specialist international money transfer service offering competitive exchange rates and personalized service, especially suited for larger transfers. With dedicated teams in Australia and the UK, it’s a popular option for expats, property buyers, and businesses moving money between major currencies.
⸻
🇦🇺🇬🇧 Who Is TorFX Best For?
TorFX is a strong choice if you are:
• Sending more than AUD/GBP £5,000
• Buying or selling property abroad
• Relocating or retiring overseas
• Running a small business with international payments
⸻
🔍 Key Features at a Glance
| Feature | Description |
|---|---|
| Headquarters | Australia (Gold Coast) and UK (Cornwall) |
| Transfer Methods | Bank-to-bank only (no cash or card transfers) |
| Exchange Rates | Better than banks; negotiable for large transfers |
| Fees | Zero transfer fees |
| Transfer Time | 1–2 business days on average |
| Support | Dedicated account managers, phone/email support |
| Mobile App | Available, but less robust than Wise or Revolut |
| Minimum Transfer | No official minimum, but best value from ~£2,000/A$2,000+ |
TorFX – How do their Exchange Rates and Services Compare?
Based on our research and review of customer feedback, here are some pros and cons to consider when considering TorFX as a foreign exchange provider:
Pros:
1. Competitive exchange rates: TorFX offers highly competitive exchange rates, often beating the rates offered by traditional banks and other foreign exchange providers.
2. Fast and efficient transactions: TorFX prides itself on providing a fast and efficient service, with most transactions processed within 1-2 business days.
3. Dedicated account manager: Every customer is assigned a dedicated account manager who can provide personalized advice and support, helping to ensure a smooth and successful transaction.
4. Excellent customer service: TorFX has received high marks from customers for its friendly and helpful customer service, which is available via phone, email, or online chat.
Cons:
1. Limited currency options: While TorFX offers a wide range of major and minor currency pairs, it may not have as many currency options as some other foreign exchange providers.
2. Potential fees: Although TorFX does not charge any transaction fees or commissions, it is possible that customers may be charged fees by intermediary banks or payment providers.
3. Limited physical presence: TorFX is an online-only provider, which means that customers may not have access to physical branches or in-person services.
⸻
🏁 Our Verdict
TorFX is ideal for Australians and Brits making high-value international transfers. If you’re moving money to buy property, support family, or relocate abroad, TorFX offers exceptional service, strong rates, and peace of mind — especially with your own account manager. However, for small everyday transfers or mobile-first experiences, a provider like Wise might be more suitable.
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.