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Compare 5 TorFX Alternatives in Canada

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TorFX has been helping customers save on international money transfers since 2004. But if you want to send small amounts or transfer currencies the platform doesn’t support, you might need to explore TorFX alternatives. Narrow down your options with our list of sites like TorFX in Canada.Compare sites like TorFX:OFXRemitlyWiseXE Money TransferWorldRemit

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Not yet rated

Go to site


$0


Transfer Fees


24 hours


Fastest Transfer Speed


$200 – Unlimited


Transfer Amount

OFX is a well-known transfer service focused largely on business transfers. But you can also use it for personal transfers. The $200 minimum transfer amount is larger than some, but you won’t pay any fees for transfers of $10,000 or more. Full Review

Why it’s one of the best
No maximum limit
No fees for transfers of $10,000+
Supports one-time and recurring transfers, limit orders and forward exchange contracts

Same or next business day transfers for major currencies

Highly-rated mobile app

No maximum amount

24/7 customer support

$15 fee for transfers under $10,000

$200 minimum amount

Transfer Amount
$200 – Unlimited

Payout Method
Bank account

Pay By Method
Debit cardBank transfer

Transfer Methods
By phone callThrough appOnline

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Not yet rated

Go to site


From $0


Transfer Fees



N/A


Fastest Transfer Speed


$1 – $15000


Transfer Amount

Send over 100 currencies globally through Remitly’s online or mobile app. Express delivery is available for an additional fee. If you’re money doesn’t arrive on time, you’ll get your transfer fees back. Full Review

Why it’s one of the best
Competitive transfer fees and exchange rates
Debit and credit card payment accepted
Electronic and cash delivery options

Some transfers are free

Flexible delivery methods

Special promotional offer for new customers

Transfer status notifications via text, email or mobile app

Low $15000 CAD maximum transfer (additional limits may apply)

Unpredictable transfer fees

Transfer Amount
$1 – $15000

Payout Method
Cash pickup locationBank accountMobile walletHome delivery

Pay By Method
Credit cardDebit cardBank transfer

Transfer Methods
OnlineBank Account to Bank Account


From 0.42%


Transfer Fees


24 hours


Fastest Transfer Speed


$1 – $1,500,000


Transfer Amount

Wise stands out from the competition for offering international transfers at the midmarket rate—meaning, you lose less money to fees and more money arrives in your recipient’s pocket. Another stand-out feature is the Wise multicurrency account, which lets you receive eight currencies and spend in 50+ currencies. Full Review

Why it’s one of the best
No exchange rate markup
Instant and same-day delivery for some transfers
Depending on the type of transfer, you can pay by debit, credit, wire transfer, bill payment, or Interac e-transfer.

Mid-market exchange rate

High maximum transfer limits

Supports Apply Pay, Google Pay and many other payment methods

Large transfers are expensive

Unpredictable fees

Transfer Amount
$1 – $1,500,000

Payout Method
Bank accountAlipay (China only)

Pay By Method
Credit cardDebit cardBank transferInterac e-TransferOnline bill paymentDirect debit (EFT)

Transfer Methods
Through appOnline

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Not yet rated

Go to site


$0


Transfer Fees


Within minutes


Fastest Transfer Speed


$1 – $560,000 online (no max offline) 


Transfer Amount

Send funds to 200+ countries around the world through Xe, an Ontario-based global transfer service provider. The platform supports 100+ currencies, and its exchange rate markups are very competitive. Full Review

Why it’s one of the best
High online transfer limit of $560,000 online (no max offline) 
Supports one-time and recurring transfers, forward contracts and limit orders
Depending on the type of transfer, you can pay by card, bank transfer, EFT, bill payment, or Interac e-transfer.

Send personal and business transfers just about anywhere

User-friendly mobile app

Competitive rates

Many payment and delivery methods

Transfer fee and exchange rate markup applies

No cash transfers

Transfer Amount
$1 – $560,000 online (no max offline) 

Payout Method
Bank account

Pay By Method
Credit cardDebit cardBank transfer

Transfer Methods
By phone callThrough appOnline


Not yet rated


From $0


Transfer Fees


Within minutes


Fastest Transfer Speed


$1 – $40,000


Transfer Amount

WorldRemit is worth considering if you’re looking for a variety of transfer options and don’t need to send very large amounts. Not all transfer services let you send money from Canada to mobile wallets, but WorldRemit does. It also supports cash transfers, although service availability varies by country. Full Review

Why it’s one of the best
Pay by debit or credit card, pre-paid card, Apple Pay or Interac e-Transfer
Supports one-time and recurring transfers, forward contracts and limit orders
Depending on the type of transaction, you can send cash transfers, bank transfers or mobile wallets top ups, including airtime transfers.

Low transfer fees

Variety of payment methods, including cash and mobile wallet top-up

Highly-rated mobile app

Many transfers arrive in minutes

Low $40,000 maximum daily amount

No currency hedging options like stop-loss orders or forward contracts

Transfer Amount
$1 – $40,000

Payout Method
Cash pickup locationBank accountMobile walletHome deliveryPrepaid phone credit

Pay By Method
Credit cardDebit cardBank transferApple Pay

Transfer Methods
Through appOnline

Still looking for other options?Compare features, fees and transfer speeds of more TorFX alternatives. When you’re ready to send money, select Go to site.About TorFXTorFX is a UK-based global money transfer services provider that serves both individual and business customers. It supports sending money in more than 40 currencies. Many transfers arrive the same day, but sending to some exotic destinations can take up to two business days.On the plus side, TorFX is a FINTAC-registered money services business that doesn’t charge any transfer fees. On the downside, its fees are worked into the exchange rate and you can find other money transfer services that let you send a greater range of currencies.

Thank you for your feedback!

Stacie Hurst is an editor at Finder, specializing in a wide range of topics including loans, banking products, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she completed one year of law school in the United States before deciding to pursue a career in the publishing industry. When not working, Stacie can usually be found watching K-dramas or playing games with her friends and family. See full bio



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