OFX Review — International Money Transfer Fees, Rates & Speed | MoneyTransfer Compare

OFX

★ 4.3 · 18,000+ reviews

OFX · Founded 1998 · Sydney, Australia

⚡ Important: This comparison is for informational purposes only and does not constitute financial advice. Exchange rates, fees, and transfer speeds are based on publicly available information and may change. Always verify current pricing directly on each provider’s official website before initiating a transfer. We may earn affiliate commissions from some providers when you use our links — this does not affect our comparison methodology.

No transfer fees

Small margin from mid-market (~2-3%)

1–2 business days (most corridors)

50+ currencies

Overview

Best for large transfers ($1,000+). No transfer fees, competitive exchange rates with a small margin. 24/7 phone support. Not ideal for small amounts.

Key Features

No transfer fees 24/7 phone support Forward contracts Limit orders Regular transfers

Pricing & Fees

No transfer fees. Revenue from exchange rate margin (~2–3% from mid-market).

Small margin from mid-market (~2-3%). Better rates on larger amounts. Min Transfer $1,000 (or equivalent) — no minimum for recurring transfers Max Transfer No maximum (subject to compliance)

✅ Strengths

• ➕Great for large transfers
• ➕No fees
• ➕Excellent phone support
• ➕Forward contracts

⚠️ Limitations

• ➖$1,000 minimum
• ➖Not for small transfers
• ➖Rate margin on small amounts
• ➖Slower than digital-first

Best For

Large transfers ($1,000+) Business payments Regular recurring transfers

Regulation & Safety

ASIC (AU), FCA (UK), FinCEN (US), MAS (SG)

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Quick Facts

Founded 1998 HQ Sydney, Australia Mobile App ✅ Yes Trustpilot ★ 4.3 Visit OFX Website →

Compare live rates before sending. Not financial advice.

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