Halewood International Foreign Exchange Limited, or HiFX, is a successful P2P money transfer business. The spotless record of their performance in the last 20 years has earned them a name that is trusted and valued by millions of customers. In 1998, three visionaries named Shaun Taylor, Matthew Knowles, and Laurence Butcher established the company. Their primary focus is offering a cheaper and more reliable means of international fund transfers. Today they transfer money to over 170 countries in more than 142 currencies. Just a few years ago, they merged with the prestigious Euronet Group. Apart from personal money transfers, they also serve many businesses and their unique needs. Their services are highly appreciated by the customers, earning them a score of 9.4 out of 10 on TrustPilot. This article is focused on the HiFX review and their services in order to give you a better view of the company.
Get started with HiFX
A customer can transfer a payment with HiFX by registering a free online account. The registration process is very simple; you just have to submit your details and proof of identification for verification. Once you have an account, select the transaction type and enter the following details to make your first transfer:
- Select your currency
- Total amount to be sent
- The required details of the sender
- Complete details of the recipient and their account’s details
When all the details are entered, then you make the payment. An instant confirmation email is sent by HiFX as soon as the transfer is processed. You will also receive interim updates over SMS.
Is Your Money Safe with HiFX?
Customers have really trusted HiFX for last 20 years; their glowing reviews show how truly reliable they are. Their customers have scored them an average of 9.5 out of 10 on Trustpilot. HiFX is regulated and licensed by FCA, which compels them to follow certain guidelines. In order to prevent any danger to their customers’ money, they require the company to keep it separate from the HiFX’s money. Every year they provide financial solutions to over 6000 businesses and transfer billions of dollars. They manage and satisfy over hundred thousands customer around the world every year. In order to protect the privacy of their customers, they use world-class technology on their website. For last 20 years, HiFX has performed better than the expectations of its customers; because of this, HiFX is definitely one of the most reliable names in the business.
How much will a transfer with HiFX cost you?
If you are wondering which service provider charges the least, you will be interested to know that HiFX charges nothing for fund transfers. They also offer very impressive exchange rates. But in the case of a payment made with a credit card, that fee would be applicable. It’s important to mention here that there are a few service providers who are offering better exchange rates than HiFX. Exchange rates play a major role when the money is converted and handed over to the recipient. If the exchange rates are lower, you will receive less money in the end. HiFX has managed to become their customers’ favorite service by having zero fees. But without a better exchange rate, they won’t have the best deal for all exchanges. Even a small difference in the rates can make a tremendous difference. It wouldn’t be difficult for their competitors to beat their transfer fees by offering a noticeably better exchange rate.
Advantages of HiFX’s services
- You can send your money to almost anywhere with their large network that spans 170 countries.
- They offer fast fund transfers that usually take only one day (but may take up to 4 days in some cases).
- Customers are highly satisfied with their performance for the last 20 years.
- Every customer’s issues are handled by a qualified team of customer support specialists.
- You can easily pay for your transfer with a credit card, debit card, or bank account.
- Customers are provided with updates of their transfer via SMS or email.
The Flaws I Observed in HiFX
HiFX gives you many reasons to choose them as their service provider for your international fund transfers. But it doesn’t mean they have nothing to improve upon. While HiFX offers very competitive exchange rates, they are still not the best in the business. You can easily find a service which provides better exchange rates for the same types of transactions. In addition, they don’t have a mobile app for their services so all of their services have to be accessed through their web page. Mobile apps usually offer convenient money transfer solutions to their customers whenever they want. Another convenience which many companies provide is a physical cash pick up option. All funds are sent only to the bank accounts, and they don’t have any physical locations. This could be a bad news for those who don’t have a bank account in their name. HiFX also doesn’t support sending money to a credit or debit card.
Overall review on HiFX
In my opinion, if you are looking for a new service provider for international transfers, you should definitely try HiFX . I came across so many great reviews of their services. Almost every customer praises their economical pricing, great customer experience, and smooth transaction. HiFX has been featured multiple times in prominent publications like The Daily Telegraph, The Sunday Times, and The Guardian. They admire HiFX every time! After becoming part of Euronet Group, HiFX is now more financially stable. When compared to the all of the newly established fund transfer companies, HiFX gives you trust and stability with its presence in the business for 20 years. This certainly makes it the most desirable choice of them all.