Head-to-head
OFX vs XE
Fees, speed, and ratings compared side by side.
| Feature | OFX | XE |
|---|---|---|
| Overall rating | 4.4 / 5 | 4.4 / 5 |
| Typical fees | 0% | 0% |
| FX markup | 0.9% | 0.8% |
| Transfer speed | Next day | Next day |
| App rating (iOS / Android) | 4.5 / 4.2 | 4.8 / 4.6 |
| Supported currencies | 25 currencies supported | 25 currencies supported |
| Cash pickup | No | No |
| Mobile wallet payout | No | No |
| Multi-currency account | No | Yes |
| Business accounts | Yes | Yes |
Pros & cons
OFX
OFX waives fixed fees entirely and leans on dedicated rate specialists, which tends to pay off most on larger, less time-sensitive transfers.
Pros
- No fixed transfer fee on any corridor
- Phone-based rate guidance for large transfers
- Wide currency coverage for a non-app-first provider
Cons
- No mobile wallet or cash pickup payout
- Rate markup is less competitive on smaller amounts
- Slower than same-day specialists
XE
XE is best known for its currency converter, and backs its transfer product with decades of FX data and no fixed transfer fee.
Pros
- No fixed fee on transfers
- Long track record and brand recognition in FX
- Multi-currency account available alongside transfers
Cons
- No cash pickup or mobile wallet payout
- Typically next-day rather than same-day delivery
- Rate markup trails the cheapest specialists
See today's live rates
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Live comparison
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