FC Exchange 2018 Review

While many competitors run an entirely automated system that makes it difficult to speak to a real human, FC Exchange gives you a dedicated dealer upfront. This quality of service is rare in this era, and when you’re handling money, it’s a beautiful touch.

Well-known for their incredible customer service and client-first strategy, FC Exchange ensures that your money sends quickly and with as few fees as possible. Their rates are competitive when compared to the vast majority of dealers but where they truly excel is in the staff they employee who will go out of their way to help you.

  • Dedicated currency dealers
  • Incredible customer service
  • Extended opening hours
  • Good rates
  • No mobile phone app
  • Don’t accept USA clients
  • High minimum transfer

How it Works

FC Exchange works by taking payment from you, the sender, currency converting it at competitive rates by using interbank exchange rates and then sending it to your recipient. This method ensures that you can send money to another country as cheaply and quickly as possible.


While a bank transfer might take a week, and cost a percentage of the transfer amount, FC Exchange is comparatively cheap, and many transfers can be completed within one-day.


For this reason, FC Exchange is the ideal choice for those who are looking to send large amounts of money abroad using a broker who is reputable and doesn’t speculate on your cash.


As with most currency exchange and transfer companies, FC Exchange charges a small fee on each transfer which you make. However, because their minimum transfer value is £1000, this price is likely to be 1% or less of the total transfer.


For most transfers, the fee is only £10, and therefore it’s relatively cheap when you compare this method to other transfer services that charge several percent. In fact, many banks would cost more than this for an international money transfer and currency conversion.

How Safe is it?

FC Exchange promises on their homepage never to speculate with your money. Many firms do, risking your capital to mark exposure which could endanger the finances of the transfer companies, causing them to file for bankruptcy.


FC Exchange never speculates with your money. They are also authorized by the FCA to transfer money, and that means that they must follow a strict set of regulations and a government agency is monitoring them.


These two factors help to ensure that your money is completely safe while it’s sending and before the other party receives it. Many other firms, especially abroad, are speculating with your money and they aren’t following the rules of any government authority. FC Exchange has great reviews across the web.

What Exchange Rate Will I Get?

The exchange rate that you will get will depend on the day when you make your trade. The FX market fluctuates a lot throughout the day, and that means that it might be significantly cheaper to make a transfer today than it will be tomorrow.


However, unlike many companies that add a considerable margin to the exchange rate that they get from their trading partners, FC Exchange gives you competitive prices.


Not only that, but they also offer you a ‘best exchange rate guarantee’ which ensures that should you get a better quote elsewhere they will match or beat it. A policy like this lets you know that they are serious about charging as little as possible and making sure that you get the best rates.


To find out what the exchange rate is right now you should contact a dedicated currency dealer at FC Exchange today who can give you up-to-date information and advice.

Can I Send and Receive Money from Overseas?

With FC Exchange, you can send and receive money from overseas. The only country which they don’t accept clients from is the United States. Otherwise, you can send and receive money from any country in the world.


After signing up for an account you can talk directly to a currency trading expert who can help you, or you can make the transfer online. Both ways are simple, allowing you to create an international money transfer in as little as 10-minutes.

How Do I Pay?

FC Exchange makes all of their payments through bank transfer because this is usually the safest and cheapest method for transferring money within a country. This technique also saves FC Exchange cash because taking debit and credit payments costs cash and thereby they can pass this saving onto you as the customer.


Can I Use my Credit Card?

Unfortunately, you can’t make a payment to FC Exchange via credit or a debit card. Instead, you must use a bank to bank transfer to send money to their account before it is converted into another currency to send to the recipient.

What Currencies can I Use?

FC Exchange deals with over 130 currencies, more than the vast majority of other FX transfer companies. For this reason, they are one of the top picks for many customers.


For example; they will trade with countries like Nigeria, Korea, and South Africa. Many competitors refuse to do this because of the associated risk, and that can make it difficult for locals to send money home to their friends and family, or to do business abroad.

Business Services

FC Exchange does offer services to personal consumers, but they have a focus on business services for companies that do business abroad. For this reason, they have an incredible customer service team that is available most of the day to deal with issues and to help you make transfers.


FC Exchange also offers most of the standard services that you would expect from an FX trader including; rate targeting, market order, mass payments, and enterprise solutions. As a business customer, you can save a significant amount of money on your transfers by using rate targeting and market orders to buy currency when it’s cheapest.


Presuming that you are regularly sending money abroad it can be smart to pre-buy currency with FC Exchange before you need to send it. Doing this ensures you the cheapest rates which can reduce your costs substantially over time.

Compare money transfer services like FC Exchange

The best deal for you

TransferwiseRead ReviewTotal (AUD)$13,987.86Exchange Rate0.7182Transfer Fees$64.16Transfer Time1-2 DaysLearn MoreTotal (AUD)$13,987.86Rate Updated less than 2 mins agoGO TO SITE
So, sending USD 10,000 to United States at an exchange rate of 0.7182 will cost you $13,987.86 which includes a fee of $64.16

About TransferWise

Transparency and an easy online experience are the 2 things that set TransferWise apart from the banks and other money transfer companies. If you prefer to bank online, you'll like TransferWise. Setting up an account and making a transfer is very easy. They are also very clear on the exchange rate and fees you'll pay before you make a transfer. Click here for the full review


  • Clear and transparent exchange rates fees
  • The online experience is first class
  • Like the banks, they are regulated by ASIC and registered with AFSL
  • Constantly bringing out new innovative products


  • There are currently a number of global currencies they do not currently support
  • Limited support based in Australia
  • Percentage based fee can add up on very large transfers

More trusted money transfer options

Provider Exchange Rate Transfer Fees Transfer TimeTotal (AUD) Rate Updated less than 2 mins ago
TorFXRead ReviewTotal (AUD)$13,993.67$5.81 more expensive Exchange Rate0.7146 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $13,993.67$5.81 more expensive GO TO SITE
So, sending USD 10,000 to United States at an exchange rate of 0.7146 will cost you $13,993.67 with no fees.

About TorFX

TorFX are particularly good taking care of customers over the phone but using their website isn't the easiest to use. They don't charge a flat fee which is great but it's important to consider their exchange rates. While, they don't offer fantastic rates for small amounts under $2000 , TorFX offer exceptionally good exchange rates for larger transfers to the UK, New Zealand, South Africa and Europe.


  • No transfer fees
  • Highly competitive exchange rates
  • Secure transfers with authorised
  • Assigned account manager
  • 24 / 7 Assistance
  • Available range of transfer options


  • Limited exotic currencies available
  • Exchange rates on small transfers aren't great
  • Website experience could be better
XERead ReviewTotal (AUD)$14,004.93$17.07 more expensive Exchange Rate0.7140 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $14,004.93$17.07 more expensive GO TO SITE
So, sending USD 10,000 to United States at an exchange rate of 0.7140 will cost you $14,004.93 with no fees.

About XE

XE is a well known and trusted name in the money transfer industry. With over twenty years experience, they now help 33,000 people and 2,000 businesses make transfers each year. Over 60 currencies can be transferred with XE and they pride themselves on the free tools and transparent rates they offer. Click here to read the full review


  • Well known and trusted brand.
  • Very informative website. Extensive information on currency and money transfers.
  • XE App is available on both iOS and Android. It allows you to see the interbank rate for over 100 currencies.
  • XE themselves charge no fees for international money transfers.
  • Offers support for both individuals and businesses when it comes to international money transfers.


  • Cannot pay via cash or cheque. Must pay via bank transfer, BPay is also accepted in Australia.
  • Maximum transfer amount is $500,000USD.
  • While XE compares more than 100 currencies, there are only 60 that are available for money transfers.
WorldFirstRead ReviewTotal (AUD)$14,007.74$19.88 more expensive Exchange Rate0.7139 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $14,007.74$19.88 more expensive GO TO SITE
So, sending USD 10,000 to United States at an exchange rate of 0.7139 will cost you $14,007.74 with no fees.

About World First

World First was founded in 2004 in the UK and has grown rapidly with offices now in the U.S., Canada and throughout Asia. They consistently receive strong customer reviews and in a recent study, 98% of their clients said they would use them again.World First have a strong online offering, particular for businesses selling online. They do provide local support as well with offices in Sydney. Click here to read the full review


  • No fees and great exchange rates
  • Safe and secure transfers
  • Regulated by ASIC and registered with AFSL
  • Great for personal and business payments


  • Does not accept BPAY, credit card, cheque or cash
  • Limited currencies available
WorldRemitRead ReviewTotal (AUD)$14,077.40$89.54 more expensive Exchange Rate0.7106 Transfer Fees$3.99 Transfer Time1-2 DaysGet discounted rate $14,077.40$89.54 more expensive GO TO SITE
So, sending USD 10,000 to United States at an exchange rate of 0.7106 will cost you $14,077.40 which includes a fee of $3.99

About WorldRemit

WorldRemit are particularly good for transfers under $10,000 to destinations across Asia, Africa and South America. Sending money online is significantly easier than using companies like Western Union or Moneygram and their exchange rates and fees are clear and transparent. With 2 million users, WorldRemit has a focus on improving access to remittances for the billions people worldwide who don’t have access to banking. Because of this, WorldRemit has a number of ways to both make and receive transfers. They concentrate on servicing individual needs as opposed to businesses. Click here for the full review


  • They have a great network in Asia and Africa and number of receiving options like cash-pick up or bank transfer.
  • They are clear about their exchange rates and fees
  • No minimum amount


  • Maximum transfer sizes for every transfer
  • No support for business customers
  • They are not licensed to provide financial advice.
OFXRead ReviewTotal (AUD)$14,192.45$204.59 more expensive Exchange Rate0.7046 Transfer Fees$0.00 Transfer Time1-3 DaysGet discounted rate $14,192.45$204.59 more expensive GO TO SITE
So, sending USD 10,000 to United States at an exchange rate of 0.7046 will cost you $14,192.45 with no fees.

About OFX

OFX (formally known as Ozforex) is the largest Australian owned money transfer company. It launched in 1998 and grew rapidly until finally listing on the Australian Stock Exchange in 2013. OFX excels in 2 areas – Online experience and customer service. The company was born online and continues to develop easy, intuitive products. While OFX customers do most of their transactions online, they are backed up with exceptional customer service.


  • Better exchange rates compared to banks
  • Highly safe and secure transfers
  • 1 - 2 days delivery times for most countries
  • Quick response time
  • Fantastic customer service


  • Credit cards, cheques and cash are not accepted
  • Transfers to Thailand can take up to 4 days
  • Fees for transfers smaller transfers
ANZRead ReviewTotal (AUD)$14,324.60$336.74 more expensive Exchange Rate0.6981 Transfer Fees$0.00 Transfer Time1-2 DaysGet discounted rate $14,324.60$336.74 more expensive GO TO SITE
So, sending USD 10,000 to United States at an exchange rate of 0.6981 will cost you $14,324.60 with no fees.
ANZ International Money Transfer is a secure and fast way to transfer money overseas.


  • Fast transfers
  • Safe and secure
  • No fee for transfers under $10 000 via Internet banking


  • $12 fee for transfers under $10 000 via Internet banking
  • Poor exchange rates
  • 24 hour hotline not available
Commonwealth BankRead ReviewTotal (AUD)$14,791.78$803.92 more expensive Exchange Rate0.6766 Transfer Fees$12.00 Transfer Time1-2 DaysGet discounted rate $14,791.78$803.92 more expensive GO TO SITE
So, sending USD 10,000 to United States at an exchange rate of 0.6766 will cost you $14,791.78 which includes a fee of $12.00
Commonwealth Bank provides secure and easy transfers to over 200 countries and more than 30 currencies.


  • Fast transfers+ Easy transfers
  • Security guarantee covers any losses from unauthorised transactions


  • $6 fee for transfers under $1000 via Internet banking
  • $12 fee for transfers under $1000 via Internet banking
  • Poor exchange rates