OFX vs WorldFirst: Compared Side-by-Side

This comparison provides important information on OFX and World First. Before you make a decision to use either service, find out which company will suit your transfer needs.

The Important Bits


Safety: Based in Australia, fully licensed and publicly listed

Rates: Vary based on amount and currency

Fees: $15 for transfers under $10,000. Fee free above $10,000.

Speed: 1-2 business days for most transfers

Service: Above average customer service, particularly over the phone


Safety: Based in the UK, licensed and privately owned

Rates: Depends on the currency and amount you are sending

Fees: Fee free for all transfers

Speed: 1-2 business days for most transfers

Service: Solid customer service, particularly for businesses

The Verdict

OFX and WorldFirst are very similar but here are the most important differences:

  • OFX is publicly listed so it's much easier to find out who they are, what they do and how safe they are
  • WorldFirst recently removed it's flat fee. OFX still charge for transfers under $10,000 so for smaller transfers, WorldFirst is usual cheaper
  • Both have a good range of product services for small businesses but WorldFirst can offer personal advice

Learn more about OFX

Learn more about WorldFirst

Let's have a look at them in more detail


The Australian Securities and Investments Commission (ASIC) is the government body that ensures and regulates fair and transparent conduct of financial services. Every financial service must be granted an Australian Financial Service (AFS) licence by ASIC to carry out business in Australia.

OFX are regulated by ASIC & AUSTRAC (AFSL 226484)

WorldFirst are also regulated by ASIC & AUSTRAC (AFSL 331945) and is a member of Australian Financial Ombudsman Service 'FOS' (Member 13405)

Exchange Rates

World First offers a price promise to its customers. The company claims to always try to quote a better rate than banks. Even if you receive a better quote, they'll match it.

Exchange rates are constantly changing. That's why comparing your options is one of the most important factors to consider before making a transfer. Here are three ways you can compare current exchange rates:

  1. View live rates on OFX and World First websites
  2. Call OFX at 1300 300 424 and World First at 1800 835 506 (within Australia)
  3. Compare exchange rates online with our comparison tool


This one is easy.
WorldFirst don't charge any fees. Their fee (exchange rate margin) is built into the exchange rate they offer you, which will be different to what you see on google.
OFX also charge an exchange rate margin and $15 for transfers under $10,000

Time For Transfer To Reach Recipient

When using an online transfer provider, your transfer is made to the company account to be processed before it is cleared and transferred to the recipient.

OFX and WorldFirst generally take 1-3 business days. How long it takes usually comes down to:

  1. How long it takes you to pay them for the transfer
  2. Which country you are sending the money to. Some countries take longer than others
  3. How long the bank on the other end takes to credit the bank account

How easy are they to use?

Both companies are fairly similar when it comes down to using them.

To transfer money overseas with either of the providers, you must register an account. We review the steps for each provider below:

WP Data Tables

Accepted Payment Methods and Minimum & Maximum Transfer Amounts


WP Data Tables

What Currencies Can I Transfer?

For an extensive list of currencies available for transfer with OFX and WorldFirst, check out our reviews for each company
WorldFirst Review
OFX Review


Customer Support

OFX provides exceptional 24 hour customer service over the phone. Likewise, with World First you can expect to receive support for your queries.

Learn more about OFX

Learn more about WorldFirst

Seyma Mektepli
Seyma is an experienced content writer and editor-in-chief at Exiap, delivering informative articles on personal finance, and money transfers.
Read more
Last updated
June 1st, 2020