Which is better OFX or TorFX?

OFX has the greater global reach because it can facilitate transfers to over 220 countries, whereas TorFX lists just 39 for foreign exchange currency transfer destinations. Both currency exchange providers allow you to open a free account and have a minimum transfer value requirement of £100.

How do I transfer money using TorFX?

Over the phone — Via your account manager

1. Call TorFX on +61 7 5560 4444.
2. Speak with an Account Manager.
3. Choose to send money internationally.
4. Give them all of the relevant details for the recipient and their bank.
5. Fund your transfer.

Is TorFX FCA Authorised?

TorFX is regulated in Australia by ASIC and the UK by the FCA, which means they adhere to highest standards of security.

Who owns Tor FX?

the Azibo Group
Private investment company the Azibo Group, which owns one of the UK’s largest foreign exchange payment specialists Currencies Direct Limited, has completed the acquisition of 100% ownership of Tor Currency Exchange Ltd (TorFx), another leading foreign exchange and international payment company.

Does TorFX send money to Nigeria?

ForexTime (FXTM) trading accounts are in EUR, GBP, USD and NGN. You can now fund your account in Naira without any conversion process. Please note that NGN accounts are only available to clients in Nigeria. Funds deposited by wire transfer may be withdrawn to any bank account in your name.

Is TorFX FCA regulated?

TorFX is authorised to operate as an Electronic Money Institution as provisioned under Electronic Money Regulations 2011 and a member of the Association of UK Payment Institutions (AUKPI). In addition, the firm is a Financial Conduct Authority (FCA) regulated entity in the United Kingdom.

Which is best for money transfer?

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