If you’ve been dabbling in the world of currency trading or are just starting your forex journey, you’ve probably stumbled upon Aussie Forex, officially known as AussieForex & Finance Pty Ltd. They’re an Australian-based money transfer and forex brokerage service that’s been making waves, especially for their competitive exchange rates and no-transfer-fee policy. But with so many players in the global forex game, is Aussie Forex the right choice for you?

In this review, we’re going to take a deep dive into everything Aussie Forex has to offer—from their platform features and fees to user experiences and how they compare to the competition. Whether you’re an experienced trader or just looking to send money overseas, this guide will help you make an informed decision.

Let’s explore what makes Aussie Forex tick—and where it might fall short.

Aussie Forex Features and Comparison Table

One of the first things you’ll want to know when sizing up a forex platform is what kind of features you’re getting. Aussie Forex positions itself as a cost-effective, user-friendly solution for both individuals and businesses. Here’s a breakdown of their key features and how they compare with similar services:

Feature	Aussie Forex	OFX	Wise (formerly TransferWise)	Western Union
Headquarters	Sydney, Australia	Sydney, Australia	London, UK	Denver, USA
Transfer Fees	$0	$0	Low, varies	High
Exchange Rate Margin	Competitive, around 1-2%	Around 1.5-2%	Mid-market + small fee	2-4%
Supported Currencies	20+	50+	50+	130+
Minimum Transfer	AUD $1000	AUD $250	No minimum	Varies by country
Mobile App	No	Yes	Yes	Yes
Business Transfers	Yes	Yes	Yes	Yes
Customer Support	Phone & Email (24/5)	24/7 phone support	Email, chat	24/7 phone & chat
Regulated By	ASIC (Australia)	ASIC, FCA	FCA, FinCEN	Multiple global regulators

Quick Takeaways:

• Aussie Forex doesn’t charge a transfer fee, which is great if you’re making frequent transactions.
• Their exchange rates are competitive, though not always as transparent as Wise.
• While they don’t have a mobile app, the web platform is easy to navigate.
• Ideal for high-volume transfers—not so much for small one-off personal transfers.

Why People Use Aussie Forex – Top Benefits

Let’s break it down in list form so you can quickly see what makes Aussie Forex stand out.

✅ 1. No Transfer Fees

Who doesn’t love free? Aussie Forex removes the sting of hidden fees by offering zero-cost transfers. That’s a big deal when compared to some of the big-name providers.

✅ 2. Strong Customer Support

Their Australian-based team is known for being responsive and helpful. If you’re new to forex or need assistance with a large transfer, having real human support goes a long way.

✅ 3. Competitive Exchange Rates

While not always the absolute best in the market, their rates are often better than traditional banks and many high-fee platforms.

✅ 4. Regulated and Secure

Being regulated by ASIC means Aussie Forex must follow strict financial compliance laws. That gives peace of mind in an industry where scams are not uncommon.

✅ 5. Custom Solutions for Businesses

Businesses that deal in global payments will find Aussie Forex’s tailored services, like recurring transfers and batch payments, incredibly useful.

✅ 6. Transparent Process

They keep you in the loop with confirmation emails, clear rate breakdowns, and tracking numbers for your transfers. You’re never left guessing where your money is.

FAQs About Aussie Forex

Is Aussie Forex safe to use?

Yes, Aussie Forex is regulated by the Australian Securities and Investments Commission (ASIC). They are required to meet compliance standards, maintain separate accounts for client funds, and provide secure transaction services.

How long do money transfers take?

Typically, transfers can be completed within 1-2 business days. Timing may vary depending on the destination country and currency pair.

Are there any hidden fees?

Aussie Forex is known for zero transfer fees, but you should still be mindful of the exchange rate margins. Always check the final rate before confirming your transaction.

Can I use Aussie Forex for small personal transfers?

You can, but keep in mind their minimum transfer requirement is AUD $1000. If you’re sending smaller amounts, platforms like Wise might be a better fit.

Do they offer a mobile app?

Not currently. Transactions must be done via their online portal or by speaking directly with a representative.

Can I schedule recurring transfers?

Yes! Aussie Forex provides tools for automated and recurring transfers, which is a great feature for businesses paying overseas vendors or employees.

Do they support cryptocurrency transfers?

No, Aussie Forex currently does not support cryptocurrency transactions—they focus exclusively on fiat currencies.

Conclusion

At the end of the day, Aussie Forex is a solid option for anyone looking to transfer large amounts of money internationally without being gouged by fees. Its strength lies in its no-nonsense pricing model, competitive exchange rates, and dedicated customer service.

That said, it’s not the perfect fit for everyone. If you want app-based control, low-volume transfers, or access to a broader set of currencies, you might find more flexibility with platforms like Wise or OFX.

But for Australians (and even expats) who value simplicity, trust, and savings on high-volume international transfers, Aussie Forex delivers exactly what it promises.