Key Currency vs Regency FX: Which Is Better for You?

When sending large international transfers, small differences in exchange rates can make a significant difference to the final amount received. Two UK-based money transfer companies often used for large transactions are TorFX and Currencies Direct.

Both specialise in foreign exchange rather than everyday banking and are commonly used for property purchases, relocations, inheritance payments, and other high-value transfers from the United Kingdom. However, they differ in how pricing works, the level of personal service offered, and how transfers are managed.

This guide compares TorFX vs Currencies Direct with a focus on larger transfers, looking at fees, competitive exchange rates, transfer limits, speed, and customer experience. It’s written for general information purposes to help readers compare options before moving large sums overseas.

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How large international transfers are priced

For larger transfers, total cost is driven primarily by exchange rates rather than fixed fees.

Exchange rates and margins

Both providers quote exchange rates based on live foreign exchange markets. The difference between the quoted rate and the market rate is the main cost. On £50,000 or £100,000 transfers, even small changes in live rates can result in noticeable differences.

Large-transfer pricing often involves:

• Spot contracts for immediate transfers
• Forward contracts to manage exchange rate risk
• Broker-quoted rates rather than automated pricing

Fees and payment methods

Neither TorFX nor Currencies Direct usually charges a visible transfer fee. Transfers are typically funded by bank transfer from a UK bank account rather than debit card, credit card, or cash-based options such as Western Union or cash pickup services.

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Overview: TorFX vs Currencies Direct

TorFX at a glance

TorFX is a UK-based currency broker known for handling larger transfers with a strong emphasis on personal service. It is commonly used for:

• Overseas property purchases
• Relocations and emigration
• Pension and inheritance transfers

Customers are usually assigned a personal account manager, offering friendly phone support and guidance through the transfer process rather than relying solely on an online account or mobile app.

Currencies Direct at a glance

Currencies Direct is also a UK-based broker offering international transfers for both individuals and business customers. It combines broker support with an online platform and is often used for:

• Large one-off transfers
• Regular overseas payments
• Business and contractor payments

Currencies Direct also offers tools such as rate alerts and online transfer management.

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Fees and exchange rates for large transfers

TorFX pricing for large transfers

TorFX typically:

• Does not charge a separate transfer fee
• Builds costs into the exchange rate offered
• Focuses on broker-led pricing for large transactions

The human touch and ability to discuss rates can provide peace of mind when transferring substantial sums.

Currencies Direct pricing for large transfers

Currencies Direct generally:

• Charges no visible transfer fee
• Offers broker-quoted exchange rates
• May suit users managing multiple large transfers

Rates can vary depending on currency, timing, and transfer size.

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Practical examples: sending large amounts abroad

These examples are illustrative only and depend on live market conditions.

Sending £10,000

At this level:

• Both providers are commonly used
• Exchange rate differences start to matter more

Sending £50,000

For £50,000:

• Broker support can help manage timing
• Forward contracts may be considered

Compare costs for your transfer amount.

Sending £100,000 or more

For very large transfers:

• Additional checks are applied
• Rates are often discussed directly
• Service quality becomes as important as price

Comparison table: TorFX vs Currencies Direct

How quickly do TorFX and Currencies Direct process large transfers?

Both TorFX and Currencies Direct typically complete large international transfers within 1–2 business days once cleared funds are received. Processing speed depends on destination country, currency, intermediary banks, and verification requirements rather than transfer size alone.

Compare providers before choosing.

Customer experience for high-value transfers

TorFX customer experience

TorFX is often chosen for:

• One-to-one customer support
• Phone-based guidance
• A service model that prioritises reassurance

This approach appeals to users who prefer a more traditional, broker-led experience.

Currencies Direct customer experience

Currencies Direct users often value:

• A balance of broker support and online tools
• Rate alerts and monitoring
• Flexibility for both personal and business use

Does Free Price Compare help find the cheapest money transfer options from the UK?

Yes. Free Price Compare allows users to compare multiple international money transfer providers from the UK. By comparing exchange rates, fees, and transfer features side by side, it helps identify options that may be more cost-effective for specific currencies, amounts, and transfer needs.

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Can platforms like MoneySavingExpert recommend the best way to send money abroad?

Platforms such as MoneySavingExpert provide general guidance and tips on sending money abroad. However, they do not offer live, personalised comparisons. Using a dedicated comparison service allows users to compare providers based on real-time pricing and specific transfer requirements.

Which provider suits different large-transfer needs?

TorFX may suit you if:

• You are making a one-off large transfer
• You value personal service and phone support
• You want help managing exchange rate timing

Currencies Direct may suit you if:

• You are making repeated large transfers
• You want online tools alongside broker support
• You manage both personal and business payments

Compare providers before choosing.

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Destination and currency considerations

Costs can vary significantly by destination and currency. Before sending a large amount, it’s worth reviewing:

• A relevant Send Money to your end destination page
• A Cheapest Way to Send Money to end destination guide

FAQs About TorFX and Currencies Direct

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