TorFX Review (2026): Fees, Rates & Speed
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TorFX is a money transfer operator that advertises no upfront transfer fee, with an exchange-rate margin of around 0.2%. TorFX typically delivers minutes to 2 days and pays out via bank deposit. Notable strengths include no maximum limit on money transfers, excellent customer service scores and competitive deals for big transactions.
Overview
TorFX is a UK-based currency exchange and money transfer service which is regulated by the Financial Conduct Authority under electronic money (e-money) regulations.
TorFX was set up in Penzance, Cornwall back in 2004. It has since grown to become a leading money transfer service, handling more than £10 billion of currency transfers for its customers every year.
It has an excellent Trustpilot rating of 4.9 out of 5 from over 9,000 reviews – the highest scoring provider for customer service we found in our pick of the best money transfer apps.
Live calculation
Sending $1,000 from United States to Kenya with TorFX right now:
See how this compares with other providers for the same transfer:
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Best deal
#1
Recipient gets KSh129,160.67Rate 129.1607Transfer fee FreeSpeed Minutes to 2 daysGet deal Bank deposit
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#2XERecipient gets KSh128,774.48 −KSh386.19Rate 129.0312Transfer fee $1.99Speed Minutes to two daysGet deal Bank deposit
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#3
Recipient gets KSh128,772.41 −KSh388.26Rate 128.7724Transfer fee FreeSpeed 1–3 businessGet deal Bank deposit -
#4
Recipient gets KSh128,578.28 −KSh582.39Rate 129.4195Transfer fee $6.50Speed Seconds to 2 business daysGet deal Bank deposit -
#5
Recipient gets KSh128,128.67 −KSh1,032.00Rate 128.3842Transfer fee $1.99Speed Minutes to 3 daysGet deal Bank deposit · Cash pickup · Mobile money · Digital wallet -
#6
Recipient gets KSh128,125.31 −KSh1,035.36Rate 128.1253Transfer fee FreeSpeed Minutes to 1 business dayGet deal Bank deposit · Cash pickup · Mobile money -
#7
Recipient gets KSh127,614.09 −KSh1,546.58Rate 128.1253Transfer fee $3.99Speed Minutes (Express) / 1–3 days (Economy)Get deal Bank deposit · Cash pickup · Mobile money
We may earn a commission when you use the links on this page. This never affects the ranking, which is based on the amount your recipient receives.
Features
- Supports 40+ currencies
- Live exchange rates on website
- Online, phone and app-based service
Transfer & payout methods
Pros
- no maximum limit on money transfers
- excellent customer service scores
- competitive deals for big transactions
Cons
- Limited number of currencies
- bank transfers only
Trust & safety
- FCA regulated
- Fund Safeguarding
- Corporate stability
How to send money with TorFX
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1
Get started with TorFX
Open the TorFX website or mobile app to begin your transfer.
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2
Create an account
Sign up with TorFX using your email address or phone number and set a secure password.
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3
Verify your identity
Upload a government-issued ID and, where required, proof of address. Verification is a legal requirement and usually takes a few minutes.
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4
Add recipient details
Enter your recipient's name and select how they will be paid — bank deposit, mobile money, digital wallet or cash pickup.
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5
Pay for your transfer
Fund the transfer with a bank transfer, debit card or credit card. Review the fee and the guaranteed amount your recipient will receive before you confirm.
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6
Track delivery
Follow the transfer status in your account or app and receive a notification when the funds arrive.
We may earn a commission when you use the links on this page. This never affects the ranking, which is based on the amount your recipient receives.