TorFX Foreign Exchange www.torfx.com

TorFX Foreign Exchange  www.torfx.com
★★★★☆
4.5
88.0% of users recommend this
  • Speed of service

  • Customer Service

  • Value For Money

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Latest Reviews

“UK to Canada transfer”

★★★★★

written by Julian4576 on 09/11/2023

Absolutely 5 star service. Communication was fantastic, even with the eight hour time difference. He was brilliant, listened to my needs and made sure everything went off without a hitch. Would not hesitate to recommend this great service.

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“Speed and efficiency ”

★★★★★

written by PercivalF on 16/03/2023

Using the process for the first time it was easy to understand and complete. When I had to cancel due to a family emergency they were very understanding. Would definitely recommend.

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“Great service ”

★★★★★

written by Shaughnessy31 on 03/03/2023

First class service with great support from my Account Manager who answered all of my questions and calls promptly.I was nervous about transferring what I considered to be a large sum of money to the other side of the world but was put at ease from the outset. I did however do my own thorough due diligence checks resulting in nothing to worry about at all. I got a great exchange rate for the $AUS. I would definitely use their service again.

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“First time transfer”

★★★★★

written by Hawaiiclient on 26/10/2022

I had to disperse funds from the family estate to parties in other countries and started to research "the most trustworthy and competitive" currency exchange companies. TorFX was always in the top firms to consider, and they also had dedicated account manager that could answer any questions and facilitate the process. So, I opened an account and started my first time using a currency exchanger. Their security protocol was excellent, and they also make sure their rates are competitive with a price matching option. My account manager provided excellent support, answered all my questions promptly and was key factor in our successful transfer with top exchange rates and quick turnaround. I would highly recommend them!

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“Straightforward and effective ”

★★★★★

written by skifreak on 22/10/2022

I used Torfx to facilitate the transfer of funds on the sale of a property in France. Registration was simple and an account created in my name soon followed. The transaction concluded and the funds, in Euros, were transferred to torfx by my notaire. This was on Friday. On Tuesday I was informed by telephone that funds had arrived at torfx and I was asked if I wanted to transfer them to my UK account. I agreed to do so and the funds were in my Sterling account that afternoon at a favorable exchange rate. A very professional service and I appreciated the follow up telephone call asking if all was as it should be I will definitely use torfx again.

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“Not even with a Barge Pole !!!”

★☆☆☆☆

written by Blackpool Bob on 11/01/2022

After working with Barclays for years transferring substantial amounts between the UK, Canada & the US, I thought I'd try a Broker to see if I could get better rates. After reading the "glowing" reviews of TorFX I decided to give them a try. After speaking to one of their brokers I was assured TorFX would provide me with better exchange rates than Barclays, so I transferred £325,000 into an account they opened for me. On the day the payment was due to a company in Canada I phoned to ask what the £ to Cnd $ rate would be on the £325,000 to be told 1.65 !!! I was shocked to say the least, especially as less than 10 minutes earlier I'd spoken to Barclays to request a rate from them, to compare their rate to TorFX. Barclays offered me 1.68 on any amount >£10,000. I queried the rate with the "broker" mentioned that Barclays had offered me 1.68. Silence followed, eventually broken by "we can match that" !!! I bet they could, the 1.65 rate initially offered would have brought $536,250 Cnd the rate offered by Barclays rate would have brought $546,000 a difference of $9,750 !!! Nice "work" if you can get it, AMAZING how quickly they offered to match Barclays rate. When it comes to exchanging currencies and transferring funds internationally you really need to know that you can trust who you are dealing with. That was the first and last time I'll be dealing with TorFX, having said that, maybe I was just unlucky the GLOWING reviews are still coming in thick and fast, make what you will of that. As for me, I wouldn't touch TorFX with a Barge Pole.

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“They took a large sum of money from me and claimed...”

★☆☆☆☆

written by 378Banks on 18/10/2018

They took a large sum of money from me and claimed they don’t do third party transfers ( although all the evidence provided proves it is not third party ). They then did not transfer the money back to my account 11 days later at this stage. I have notified the Fraud department at my bank that are investigating this company. My advice- steer clear from it.

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“ euros to sterling”

★★★★★

written by abelles on 31/08/2018

Have recently sold a house in Spain and worked with Torfx who made the process very clear and professional . All phone calls were followed up by an email and I could trust that my call would be returned if my adviser were unavailable . My advisor outlined the procedure and timeline for the transfer and it all went extremely smoothly. I highly recommend them for transfers large or small.

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“Not Transparent ”

★★☆☆☆

written by Derrick96 on 26/04/2018

I've always felt with OfX. Their state's better but charge a fee$15.00 under 10,000.I got more off torfx as user 10,000.I accepted and paid instantly and then got sms saying money had been sent. Next day email requesting, NEVER mentioned extras details. Complied saying OFX NEVER required such.Next day a phone call telling me I had a contract stating NO Money sent till 3 Days after I'd confirmed and paid. Felt tricked. OFX takes 2 days,NO extras and Tor only gave me a small exrays amount as No fees.TOO much nonsense and NEVER mentioned initially is NOT good business IMO.

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“DO NOT TRUST TORFX”

★☆☆☆☆

written by ann54 on 21/03/2018

Their communication seemed great to start with. However they said they couldn't offer a rate until the funds were transferred into their account, but said they could offer 2-5% better than the bank rates. The actual rate offered was lower than the bank rate at the same time, and significantly lower than a spot rate from a competitor (OFX) obtained 2 minutes later. When I questioned the rate offered and pointed out it was lower than the bank rate they actually told me they couldn't offer rates as good as the banks. I am not a happy customer and do not recommend torfx.

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“Fast, efficient money transfer”

★★★★★

written by on 27/02/2018

TorFX was recommended by a family member living in Australia to arrange a large transfer of U.K. pounds to Australian Dollars. I have used U.K. based HIFX for several years, however after comparing rates it was obvious that I could save over 1400.00 Australian Dollars by opening an account with TorFX. The opening of the account was simple and straightforward and the transfer was completed within 48 hours. I have used them twice now and would defiantly recommend them to anybody who does regular foreign exchange transactions.

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“WARNING - TorFX ”

★☆☆☆☆

written by Theyshouldbeashamed on 21/11/2017

WARNING- TorFX fast company growth resulting in major resourcing issues. They have left me with appalling service and have made the whole experience very stressful. They are dishonest. They do not honor time frames. Their compliance ‘team’ can/will delay the transfer of funds by several weeks even after they have sent you written confirmation that the transaction complies and confirmation that the transaction was successful. I will NEVER use them again.

Was this review helpful? 1 0

“Transfers made easy ”

★★★★★

written by HectorHenderson1960 on 21/10/2017

Torfx have provided the most efficient and cost effective exchange transfers for us when needed, we have been delighted with the rate, beats our bank by a long way, The staff are always extremely pleasant, very helpful,well informed always easy to speak to on the telephone immediately if you need advice This is so much better than pressing buttons and holding on for ages listening to awful music robotic voices and wasting time. We have updates daily from your office which we find really useful,these are part of your customer service which is excellent. We are very happy using your company and we would recommend you to anyone who needed to move money.

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“Worst exchange rate”

★☆☆☆☆

written by Jagger153 on 22/07/2017

I lost a sizeable amount of money transferring with Torfx, I believed the rate to be standard with other companies and was given a lower rate, then other big companies. Don't rush check the rate with other companies.

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“Failed application ”

★☆☆☆☆

written by Sampson492 on 26/04/2017

Wanted to register but kept on delaying the application by asking more questions each time I provided them with an answer. I have used others in the past such as HiFX. I wouldn't reccomend you with Torfx!

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“Very, Very trustworthy”

★★★★★

written by DaveB1974 on 13/06/2016

We had to send a lot of money overseas. We felt that going through our bank would be 'safe', but then we got a quote from our bank and then we got a quote from Torfx; the difference was £10,000! The man we dealt with at Torfx was brilliant, he talked us through everything and it was all so simple. We ued them to send a smaller amount, and again we saved a lot of money. We had our money in our account in under two business days both times. Highly recommend uising Torfx!

Ausben's Response to DaveB1974's Review

Written on: 09/08/2016

i am using torfx as well,what was the man name just his first name will be fine.

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Daveb1974's reply to Ausben's Comment

Written on: 09/08/2016

Bruce, I think!

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“great service”

★★★★★

written by Justiceu346 on 27/04/2016

what great service from start to finish I'm not allowed to name names but b and a were great they helped me every step of the way. highly recommend this company to anyone

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“Check their rates”

★☆☆☆☆

written by markpearce on 14/12/2015

I ve used turf twice in the last 7 years sent £48,000 to germany and their rate was £700 better than barclays send £39,000 to dubai and £350 better than Coutts so when i needed to send £37,000 to eire in euros, they seem the natural choice Funds would be there the same day made the transfer, but foolishly never asked for a rate to do where i was and time constraints on my part. Next day my customer phoned up to query non receipt of funds and also the exchange rate.. Torfx gave me 1.354 when i phoned to query they said todays rate was 1.34, an online broker was quoting 1.373 and i phoned my own bank who quoted 1.363 and also said that yesterday their rate never dropped below 1.36!! i asked them why the funds hadn't been received in Eire and was never given a reply asked what happened to the bank beating rates advertised on their website reply was if your bank is prepared to do a transaction for virtually no profit what should we better them when we only made £500 from your transaction eventually offered me £175 if i remove my review from their website i said i wasn't that cheap and would rather leave it there if it stopped someone else from doing a deal with them. FCA regulated but FCA complaints procedure not take car and check their offered rate with your bank

Suehepden's Response to markpearce's Review

Written on: 08/01/2016

TorFx did exactly the same to me. After using them several times where they gave a rate above the bank I then foolishly used them to transfer a large amount in Euros back to the UK. They had quoted that their rates were 3% above bank rate and I trusted them. When the money was received I found that I had lost around £1800 compared to other companies. When I queried this with them I was also told that they had made next to no money on the transfer and that all the other companies who quoted were not telling the truth. Their manager was very bullying and sarcastic on the telephone quirte different to when I was arranging the transfer. They offered me £100 to compensate which I refused. My advice would be not to use this company.

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“Great after care”

★★★★★

written by 8Owens on 25/11/2015

As expected the transfer process was excellent. However due to an error on my part the money was returned to Torfx and needed to be resent. The receiving bank couldn't locate the transaction and the help and advice I received during this period was excellent. For people transferring money professional aftercare is essential. So thanks to Torfx for that. All in all I would highly recommend this company.

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“Helpful Fast Service”

★★★★☆

written by Cheryl-Anne on 09/07/2015

After years of sending money to South Africa via my UK bank I decided to explore TorFX as an alternative. Can only say that I regret not switching to them earlier! They offer better exchange rates compared to UK banks and it costs you nothing to send money abroad. Compare this to the £20.00 relay fee charged by UK banks and add to this their less than favourable forex rates. TorFX impress most with their highly efficient delivery of service and keeping all parties fully up to date with the progress of transfers. In fact they are spectacularly good at this. Many people in South Africa have commented on how impressed they have been at being 'kept in the loop' by TorFX. Another big positive is being able to pick up the phone and speak to my personal account manager who, thus far, has been excellent and keeps channels of communication open via email/mobile as well. TorFX provides a platform for personal/private clients to move money at their convenience, any time of day, when exchange rates best suit them. Can definitely recommend them. - Cheryl-Anne, Kent, UK

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Asked by Wilgoster on 1st September 2014 Report this content
I'm in Thailand with Baht, I want to send money to the Philippines in the Peso. How do I do that?

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Answers (2)
Report this content tjcourtney Written on: 01/09/2014
Simply contact TorFx via their web page. They handle all world-wide currencies and they can make your transfer at a good rate. they're superb, efficient and professional, plus give excellent rates on currency exchanges.
Report this content billellerby Written on: 02/09/2014
I cannot comment on transfers between the currencies you mention. I can confirm that Torfx is a reliable firm. They have arranged transfers from GBP to Aus dollars for me over the past two years. You should contact them via their website.
Asked by dorothy.burke on 9th August 2014 Report this content
Do they arrange mortgages? My daughter lives in New York but pays a mortgage on a property in France. At the moment the exchange rate dollars - euros through the banks are not very good. Can they offer a better service?

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Once we've checked over your answer we will put it live on the site so others can gain from your experience. We rely on members like you to sustain our vibrant community so thanks again, we couldn't do it without you.

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Answers (2)
Report this content tjcourtney Written on: 11/08/2014
FYI - I'm an American (salaried w USD) who lived in Spain for 22 years and recently relocated to the UK. We sold our home in Madrid (Euros) and purchased a home in the UK (GBP). TorFx did all the exchanges at a rate MUCH better than the European commercial banks. On the exact day of the exchange of Euros to GBP i was told by TorFx that i saved around £3k just in TorFx exchange rates versus European commercial bank exchange rates. i also brought over USD for home improvements, etc. all exchanges done via TorFx. Hope this helps.
Report this content SydneyWigston Written on: 12/08/2014
I asked the question of TorFX and here is their quick response: They don’t arrange mortgages but they can arrange a regular payment service exchanging Dollars into Euros in order to settle the mortgage payment required in the designated bank account.
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