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Best currency exchange (forex) companies for expats Best currency exchange (forex) companies for expats

Best currency exchange (forex) companies for expats

Last updated: 21 January 2022 at 14:54

Choosing the best currency exchange company for you

Forex companies, or currency exchange companies, are a relatively new concept. Traditionally, expats have relied heavily on banks to provide forex services, partly due to the ease of using your existing bank account, and also because they are deemed more trustworthy than forex companies of the past.

Since the advent of the internet, the number of forex companies have risen, along with decreasing transfer fees and better exchange rates.

This has meant that choosing the right forex company to manage your currency exchanges and international money transfers has become substantially more difficult.

The best currency exchange companies for expats

We have collated a number of currency exchange companies who we believe offer expats around the world outstanding value and benefits, and we have listed them below for you to compare and evaluate for yourself.

Moneycorp Personal Account

Moneycorp provides a sleek and professional money transfer service, which screams reliability and value. A solid choice for anyone looking for confidence when sending money overseas. Simple, safe and secure international money transfers from a Feefo Platinum Trusted award-winning service.

Key facts

  • Competitive exchange rates and zero transfer fees
  • Feefo Platinum Trusted award-winning service
  • Dedicated account manager
  • Transfer funds online, by phone & in app 24/7
  • Dealing in foreign exchange since 1979
  • 120+ Currencies supported for both private individuals and corporate institutions
  • Fully licensed across the UK, EU and USA
  • Trustpilot rating: 4.6

Important Facts

  • Minimum Balance
    No minimum balance
  • Country restrictions
    Access to over 120 currencies
  • Fees and Charges
    No fees for foreign exchange rate and no monthly account fee
  • Application options

TorFX Personal Transfers

With headquarters in the south-west of the UK, TorFX are slightly different to many forex companies. With over £3bn traded per year and offices located around the world, TorFX are able to manage over 50,000 private clients as well as 4,000 corporate clients globally.

At a glance

  • Option of fixed exchange rates
  • Account manager for all private clients
  • 0% commission on money transfers
  • No transaction fees for money transfers
  • Online account

Fees and Charges

  • Forex Transfer fees