Right from the start, we can tell you that you will make a good decision signing up with any of these two companies. They are our top reviewed companies and the customers have left great feedback all over the internet. The purpose of this article is to get into the nitty-gritty and try to help you choose the best company for your specific needs.
If you want a complete review with all the information and step by step tutorial on how to sign up and make a transfer with this companies, be sure to read our Currencies Direct and World First reviews.
In the comparison table below, we will try to help you take a decision by presenting the pros and cons of using each company:
One of the best in the market. Added value, especially when real estate property is involved. Minimum transfer amount is £/$/€ 100. No fees on transfers. Good exchange rates. Regulated by FCA, FinCen, SARB and FINTRAC. Tools: guidance on property purchase, rate watch, limit orders, forward contract, and market orders. Very easy to sign up and use. iOS and Android apps available. 9.5 / 10 rating on TrustPilot. 23 offices in 7 countries. 63 currencies supported. Available in some US states. Exotic African currencies unavailable. Visit Currencies Direct Currencies Direct Full Review
Our top ranked company on the site. Specialists in catering to e-commerce and marketplace clients. Minimum transfer amount is £/$/€ 1,000. No fees on transfers. Best exchange rates on the market. FCA, FINTRAC, ASIC, MAS and HK Customs. Tools: guidance for online sellers, market ordes, limit orders, rate watch, forwards contract and regular transfers. Very easy to sign up and use. iOS and Android apps available. 98% Positive Client Feedback. 6 offices on 3 continents. 121 currencies available. Doesn’t accept US customers Great with Asian and African currencies. Visit World First(Special Rates ) World First Full Review
About Currencies Direct
CurrenciesDirect is an online money transfer company founded back in 1996 in the UK. The company grew at an astounding pace, reaching a staggering 250k active customers in 2019 and over £6.2 billion transfers on a yearly basis. They have a very good rating online and are considered to be one of the most customer-friendly companies available today in the money transfer industry.
They also obtained 8 industry awards between 2006 and 2018 and offer a unique no fees policy. They have offices in the UK, Spain, India, Portugal, South Africa, the USA, and Canada. They are also regulated by FinCEN, Financial Conduct Authority, SARB, and FINTRAC.
About World First
WorldFirst is a credible company in the money transfer space. They serve both private and corporate clients and offer numerous features that make them superior to the competition. Probably the only drawback is that they do not serve companies and customers in Quebec and the USA due to legal reasons. Moreover, the minimum transfer size is £1,000.
Their rates are as low as 0.15%. They enable users to transfer money regularly through forwarding contracts and also offer free counsel for anyone who wishes to transfer more than £5,000. Word First has offices in the Netherlands, UK, Hong Kong, Singapore, and Australia. They are regulated by the Financial Conduct Authority, Australian Securities and Investment Commission, Financial Report Analysis Centre in Canada and Customs & Excise Department Switzerland.
CurrenciesDirect vs WorldFirst – Good to Know
As you probably realized by now, CurrenciesDirect is the best option if you live in North America or Europe, while WorldFirst is the best one if you live in Europe, Asia or Africa.
However, in terms of the exchange rate, WorldFirst has an edge. The margin they add is slightly lower than CurrenciesDirect’s margin. They have margins of as low as 0.5% to 0.15%! The best ones in the market.
In terms of transfer times, both platforms are extremely fast. Major currencies can be completed on the same day while sending funds between other types of currencies can take between 1 and 3 days. In the case of CurrenciesDirect, the transfers to Europe and the US are faster than the transactions towards Asia and Africa.
In terms of payment methods, WorldFirst offers only bank transfers, while CurrenciesDirect also allows you to transfer to debit cards. They both offer you one receiving option, which is a bank account. The minimum transfer for WorldFirst is £1,000, while CurrenciesDirect allows you to send anything higher than £100. They both offer you a great selection of currencies to choose from, with a slight edge to WorldFirst.
CurrenciesDirect vs WorldFirst – The Bottom Line
Both of these platforms represent very good choices in terms of worldwide transfers online. They offer a very high speed of transfers, no transfer fees, and great exchange rates. That being said, we advise you to compare both of them to find the best rate for your transfer and choose the one more suitable for your needs.