Appeals to businesses and individuals making larger overseas transfers and wanting dealer support.
TorFX (FX / money transfer, founded 2004 in GB) is built for smes, property buyers, and high-value transfer customers. This page covers the fee structure, country availability, and how it compares to the alternatives UK/CA/AU freelancers already use.
Quick Verdict
Best for: SMEs, property buyers, and high-value transfer customers
Tagline: International money transfers and currency risk management
Visit TorFX →Key Facts
| Category | FX / money transfer |
| FX fee | variable |
| Free account | Yes |
| HQ | GB |
| Founded | 2004 |
| Website | torfx.com |
Who TorFX Is For
Appeals to businesses and individuals making larger overseas transfers and wanting dealer support. It's most relevant for smes, property buyers, and high-value transfer customers — and the FX/feature mix tends to suit users who already lean toward forex workflows rather than generic personal banking.
Fees & Pricing
TorFX publishes its current pricing on torfx.com. The published FX figure is variable above the mid-market rate. Two caveats:
- Card spend vs receive vs send — most platforms publish a "headline" FX that only applies to one flow. Always cross-check the actual rate against a Wise/Revolut quote on the day you transact.
- Plan tier matters — free tiers usually carry the highest spread; paid plans often reduce it materially. The "is it cheaper than Wise?" answer almost always depends on which tier you're on.
Cross-check before you commit: Run a single test transaction in the corridor you actually use and compare the all-in landed amount against the same trade on Wise. Published rate cards rarely capture the full cost.
Country Availability
TorFX is headquartered in GB. Availability for UK, Canada and Australia freelancers depends on which entity serves your country — confirm directly on torfx.com before signing up, since regulated payment platforms frequently change supported regions.
How TorFX Compares
For UK / Canada / Australia freelancers, the practical comparison set is usually:
- Wise — still the FX-cost benchmark at 0.41%. Hard to beat for receive-and-convert.
- Payoneer — the default for Upwork and Fiverr withdrawals.
- Revolut Business — strong if you also want invoicing and team cards.
- TorFX — see above.
If your work depends on Upwork/Fiverr withdrawal speed, Payoneer is likely still the simpler choice. If you bill clients directly and care about FX cost above all else, Wise usually wins. TorFX fits when its specific forex feature set is the deciding factor — not when generic multi-currency is the only need.
How to Get Started
- Visit torfx.com and create an account.
- Complete identity verification (KYC) — typical for any regulated forex platform.
- Add funding source or connect to the platform you'll receive payments from.
- Run a small test transaction first to verify the all-in cost matches the published rate.
Frequently Asked Questions
What is TorFX? TorFX is a FX / money transfer platform. Appeals to businesses and individuals making larger overseas transfers and wanting dealer support.
How much does TorFX charge in FX fees? TorFX charges variable on currency conversion based on its published pricing. Always cross-check the current rate card on torfx.com before relying on this — fintech pricing changes frequently.
Is TorFX free to use? Yes — there's a free account tier.
Who is TorFX best for? SMEs, property buyers, and high-value transfer customers
Is TorFX a Wise alternative? TorFX overlaps with parts of Wise's feature set, but freelancers in the UK, Canada and Australia should compare both side-by-side — Wise still leads on FX cost in most corridors (0.41%). The right pick depends on your client geography and whether you need a business account or a personal multi-currency wallet.
This review was last updated 2026-05-17. Fees and availability may change — always check TorFX's website for the latest information.
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