WorldFirst Review

How Does WorldFirst International Money Transfers Stack Up?


WorldFirst is headquartered out of London. They opened their doors back in 2004, and has since set up offices in the Netherlands, Hong Kong, Australia, Singapore, and Japan. Their US headquarters in Austin has recently been shut down.
WorldFirst offers a range of products to suit businesses, individuals and eCommerce. They are a true global business, offering personal support options around the clock and around the world. 

WorldFirst Pros and Cons


Fees & Rates


WorldFirst doesn’t charge any fees on any transaction! In the past, they were charging a $10 fee for any transaction under $10,000, but that’s gone now. They do however have a minimum transfer limit of £1,000 or AUD$2,000, so you’re not able to send small a lot of small transactions with them.


I’ve seen some sites claiming to show the rates that you will receive with WorldFirst – I can’t believe any of them are true though.
WorldFirst assigns individual exchange rates depending on your circumstances. They will take into account currency, frequency of transfer, transfer amounts, and yearly volume when deciding what rate you will receive.
Our checks for this review have seen them consistently offering very competitive exchange rates.

Safety & Reputation

WorldFirst has been operating consistently since 2004, and are regulated by all of the major regulating bodies. They are backed by major world banks like Citi and Deutsche, so they claim to be very safe to deal with.
WorldFirst scores an 8.4/10 with Trustpilot.

Countries & Currencies


WorldFirst currently has 6 offices around the world, and can onboard customers through Europe, UK, Australia, New Zealand, Japan, Singapore, and Hong Kong. They recently closed their offices in the US, so you can no longer sign up as a US client.


WorldFirst does not list all of the currencies that they offer on their website. This is likely because they want to limit their exposure to certain currencies, or maintain their ability to not trade in certain currencies when they don’t want to. They support USD, CAD JPY, AUD, SGD, CNH, HKD, NZD, THB, PHP, FJD, GBP, EUR. They also note on their site that they have a $10,000 minimum for some other currencies:

  • Barbados Dollar
  • Botswana Pula
  • Bulgarian Lev
  • East Caribbean Dollar
  • Egyptian Pound
  • Fijian Dollar
  • Indian Rupee
  • Jamaican Dollar
  • Jordanian Dinar
  • Kenyan Shilling
  • Kuwaiti Dinar
  • Malaysian Ringgit
  •  Mauritian Rupee
  • Moroccan Dirham
  • Nepalese Rupee
  • Pakistani Rupee
  • Philippine Peso
  • Romanian Leu
  • Russian Ruble
  • Sri Lankan Rupee
  • Taiwan Dollar
  • Trinidad & Tobago Dollar
  • Turkish New Lira
  • Ugandan Shilling

This WorldFirst review shows currencies available on their website. If you’re wanting to transfer a non major currency, it would be best to contact World First. They’re easily contactable via phone or online. 

WorldFirst World Account

WorldFirst has recently introduced their virtual bank account product called The World Account. It works similar to the TransferWise borderless account in that it allows you to receive funds in different currencies as if you were a local.
The World Account allows users to open free virtual bank accounts in the following currencies:

  • USD
  • GBP
  • EUR
  • AUD
  • NZD
  • JPY
  • CAD
This is a great product for if you’re invoicing to another country. It means that you can give your New Zealand supplier a local NZD bank account to pay into for example. Saving them from the hassle of making an overseas transfer, and saving on fees. 

The World Account is currently only available to business and eCommerce users.

How To Sign Up For A WorldFirst Account

WorldFirst has a simple online signup process. They will usually require some kind of photo ID and proof of address. 

Simply go to WorldFirst and click Sign Up.

WorldFirst Choose Your Account

Choose your account type for either an individual, company, or eCommerce account(eCommerce accounts give you access to the virtual currency accounts)

WorldFirst details

Fill in your details

WorldFirst Upload ID

Upload your identification information. Or you can opt to do this at a later late.

And you’re done!

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