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.
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
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 location Bank account Mobile wallet Home delivery
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 account Alipay (China only)
Pay By Method
Credit card Debit card Bank transfer Interac e-Transfer Online bill payment Direct debit (EFT)
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
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 location Bank account Mobile wallet Home delivery Prepaid phone credit
TorFX 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.
Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio
An international money order may not be the best option for sending money overseas. Learn more about money orders in Canada, and find out about other ways to transfer funds abroad.
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