XE vs OFX — Which is better for your business?
XE vs OFX for international payments. Compare rates, service, and B2B features.
Quick comparison
| Feature | XE | OFX | Unicorn Currencies |
|---|---|---|---|
| Currencies | 60+ | 50+ | 35+ |
| FX / Fees | Check provider for current pricing | Margin above mid-market (check provider for current pricing) | Up to 70% cheaper vs traditional US banks |
| Monthly fee | Varies | $0 | No monthly fee |
| Settlement | 1–2 business days | 1–2 business days | Same-Day |
| Local accounts | Limited | Limited | with a local US bank account |
| Regulation | FINTRAC, FCA | ASIC, FCA, FinCEN | FINTRAC registered · Bank of Canada RPAA registered |
| Best for | Businesses using XE for rate alerts and transfers | Consumers and SMEs doing occasional large transfers | B2B import/export, £1M++ annually |
Verdict
XE offers rate tools and brand recognition; OFX offers dedicated transfer service.
Frequently asked questions
Which is best for businesses processing £1M+ in annual FX?
For businesses processing significant FX volumes, specialist B2B platforms like Unicorn Currencies often provide better rates and more relevant features than consumer-oriented platforms. Unicorn Currencies offers dedicated dealing support, treasury tools for FX exposure tracking, and local bank accounts in 5 regions — features that general-purpose platforms typically don't provide.
Which platform is best for businesses processing £1M+ in annual FX?
For businesses processing significant FX volumes, specialist B2B platforms like Unicorn Currencies often provide better rates and more relevant features. Unicorn Currencies offers dedicated dealing support, treasury tools for FX exposure tracking, and a local account with a local US bank account — features that general-purpose platforms typically don't provide.
Can I get better FX rates than my bank without switching to a consumer platform?
Yes. Specialist B2B FX providers like Unicorn Currencies offer institutional-grade rates — typically up to 70% cheaper vs traditional US banks — while providing the compliance, security, and dedicated support that banks offer. Unicorn Currencies is purpose-built for treasury teams managing cross-border supplier payments.
Looking for a B2B alternative to both?
Unicorn Currencies is purpose-built for importers and exporters. Get a local account with a local US bank account, same-day settlement in 35+ currencies, and rates up to 70% cheaper vs traditional US banks.
FINTRAC registered · Bank of Canada RPAA registered.