TorFX Detailed Review

Rates, Fees, Limits, Safety and More

Last updated: January 09, 2026

What is TorFX? An introduction

TorFX's mission is to provide outstanding exchange rates, expert guidance and a simple, friendly service that people will want to recommend to others.

Key Facts about TorFX

• Processes in excess of 7.5 billion Pounds in foreign exchange and international payments per annum.
• Offices in the UK, mainland Europe, Australia, Singapore the USA and South Africa.
• Employs over 500 highly-skilled financial services employees.
• Hold the highest credit rating with Dun & Bradstreet.
• Trusted by more than 325,000 private clients and corporate clients.
• Operates safeguarded client bank accounts with Barclays Bank Plc in accordance with FCA rules on the safeguarding of client money.
• Receive 5 star reviews on Trustpilot for our first-class customer care and money-saving services.
• Awarded International Money Transfer Provider of the Year at the Moneyfacts Consumer Awards for 2016-2021.
• Also won the award for Best Customer Service in 2016, 2017, 2019, 2020 and 2021 – beating over 100 companies across 26 different categories.

What remittance services and products does TorFX provide?

TorFX provides a wide variety of money transfer products and services to suit the needs of individual and business customers alike. Some of these include:-

• Spot Contract: Good for immediate transfers whereby TorFX secures a bank-beating exchange rate for an immediate transfer.
• Forward Contract: Good for future international payments that helps protect against negative market movements by fixing an exchange rate for up to two years in advance of making a transfer.
• Market Orders: Good for targeting a specific exchange rate which further includes the below 2 options.
• Limit Order: Targets an exchange rate higher than the current rate; transfer executes automatically if the market reaches that level.
• Stop Loss Order: Helps control the risk of an exchange rate suddenly falling by setting a worst-case rate. One can wait for conditions to improve but this ensures that the transfer is protected if rates worsen.
• Market Insight: Good for timing your currency transfers effectively.
• 24/7 Transfers: Good for making quick, convenient transfers with online transfers of up to £25,000, 24/7. The online account can be used to check exchange rates, add recipients, set Rate Alerts and manage account information.
• TorFX App: Good for making currency transfers on-the-go.

Additional Information

Legal and Regulatory Compliance

Tor Currency Exchange Ltd, PZ360, Penzance, Cornwall, TR18 4DZ, United Kingdom is registered in England & Wales, number: 5193147. Tor Currency Exchange Ltd is authorised by the Financial Conduct Authority as an Electronic Money Institution under the Electronic Money Regulations 2011. Tor's FCA Firm Reference Number is 900706.

Helpful Links

How TorFX keeps customer data and money secure
Guide to money transfers and the currency market
TorFX - UK's No. 1 Currency Provider for a Third Year
TorFX Latest Sponsored Charity: Huntington's Disease Association

Awards, Prizes and News

2021: Moneyfacts Consumer International Money Transfer Provider of the Year & Best Customer Service award
2020: Moneyfacts Consumer International Money Transfer Provider of the Year & Best Customer Service award
2019: Moneyfacts Consumer International Money Transfer Provider of the Year & Best Customer Service award
2018: Moneyfacts Consumer International Money Transfer Provider of the Year
2017: Cornwall Business Award for Customer Focus
2017: Moneyfacts Consumer International Money Transfer Provider of the Year
2016: Cornwall Business Award - Winner of Winners
2010: Sunday Times Virgin Fast Track 100 Companies: 23rd Place
2008: Sunday Times Virgin Fast Track 100 Companies: 2nd Place