Why We're NOT Competing With OFX
OFX is excellent for property buyers and occasional FX transfers.
We're specialists for importers/exporters with $1M+ annual FX volume who need treasury technology.
Different Markets, Different Solutions
Use OFX If You:
- Buying property overseas (one-time transactions)
- Making personal remittances
- Occasional business transfers
- Under $1M annual FX volume
- Comfortable with phone-based service
- Don't need technology integration
- One-off currency needs
OFX is solid for property buyers and occasional FX needs. They've been doing phone-based FX since 1998. If you don't need treasury technology or logistics integration, they're a reasonable choice.
Use Unicorn Currencies If You:
- Import or export physical goods
- $1M+ annual FX volume
- Need real-time FX P/L tracking on bills
- Deal with containers and logistics
- Want self-service treasury platform
- Need API for automation
- Require 2.3s settlement (not days)
- Want FREE container tracking and demurrage alerts
We're specialists, not generalists. Built exclusively for importers/exporters with ongoing trade operations. Real-time treasury intelligence OFX doesn't offer: FX P/L tracking, container monitoring, API automation, 2.3s settlement.
Feature Comparison
| Feature | OFX | Unicorn Currencies |
|---|---|---|
| Platform Type | Phone-based broker | Self-service technology platform |
| Real-Time FX P/L on Bills | Not available | Unique feature - upload bills, see exposure |
| Container Tracking | Not offered | FREE - save £5k-10k on demurrage |
| How to Book FX | Phone call to dealer | Self-service platform or API |
| FX Rate Locks | Quoted rate, must decide instantly | 15-second lock window |
| Settlement Speed | 1-2 days (SWIFT) | 2.3s wallet-to-wallet |
| FX Spread | 0.5-1% (opaque, varies by call) | 0.5% (transparent, fixed) |
| API Access | Not available | Full treasury API |
| Invoicing Platform | Not available | Create & send invoices with auto banking details |
| Multi-User Access | Limited | Unlimited team members with roles |
| Transparency | Opaque (rate depends on dealer) | Transparent pricing, live rates |
| Support Hours | Business hours only | 24/7 platform access |
Why Businesses Switch From OFX to Unicorn Currencies
Real-Time Visibility vs Phone Calls
OFX requires calling a dealer for every rate quote. We show you live rates 24/7. Upload supplier bills, see real-time P/L as markets move. Make decisions with data, not phone tag.
Self-service beats waiting on hold.
OFX Doesn't Track Logistics
If you're importing goods, OFX only handles FX. We integrate logistics: FREE container tracking, 48-72h demurrage alerts, save £5k-10k annually. Treasury + Logistics in one platform.
OFX is just FX. We're the full trade stack.
10x Faster Settlement
OFX uses SWIFT (1-2 days). Unicorn Currencies wallet-to-wallet: 2.3 seconds average. Pay suppliers instantly, improve cash flow, strengthen relationships. Speed matters in global trade.
2.3s vs 1-2 days.
API Automation vs Manual Calls
OFX has no API - every transaction requires human intervention. We have full API: automate FX, integrate with Xero/QuickBooks/Sage, build custom workflows. Technology > phone calls.
Automation saves time and errors.
Why We're NOT Like OFX—Or Consumer Apps
OFX: Occasional Phone-Based FX
Market: Property buyers, personal remittances, occasional business transfers.
Service Model: Phone-based broker. Call for each transaction, get quoted rate, execute.
Technology: Minimal platform. Founded 1998, phone-first approach maintained.
Best For: One-time purchases, occasional needs, phone-comfortable users.
Unicorn: Ongoing Trade Treasury
Market: Importers/exporters with $1M+ annual FX, ongoing operations, container shipments.
Service Model: Self-service treasury platform. Real-time data, automation, API integration.
Technology: 2025 cloud platform. Real-time FX P/L tracking, container monitoring, 2.3s settlement, full API.
Best For: Ongoing trade operations requiring treasury intelligence OFX doesn't build.
We're not competing with OFX for property buyers. We're specialists for import/export businesses. OFX does phone-based FX. We do treasury technology for trade operations: upload bills → track real-time P/L → FREE container monitoring → 2.3s settlement → API automation. Different markets, different tools.
$1M+ FX? Get Specialist Treasury Tools
Real-time FX P/L tracking + FREE container monitoring + 2.3s settlement + API automation
Features built for import/export operations, not occasional transfers.
Unicorn Currencies works exclusively with businesses doing $1M+ annual FX volume.
Under $1M? OFX is a solid choice for your needs.