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XTransfer UK Limited is an FCA-authorised payment institution (799099) in a group licensed in mainland China, Hong Kong, the US (33 state licences), Canada, Australia, Singapore and the Netherlands.
XTransfer scores 3.1 out of 5 (62 out of 100) in the Buckingham Intelligence Global Trade Banking Index 2026 and ranks 5 of 26. It is strongest for trade with China and emerging-market collection, with 5 out of 5 for getting paid and paying suppliers. Not published or not stated on the pages read: FX margin, FX cost and access and onboarding.
Scores from the Global Trade Banking Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For importers | 60 | 6 of 26 |
| For exporters | 65 | 7 of 26 |
| For wholesalers and distributors | 61 | 5 of 26 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
Trade with China and emerging-market collection.
What XTransfer publishes on its own pages, read on 21 October 2026.
XTransfer UK Limited is an FCA-authorised payment institution (799099) in a group licensed in mainland China, Hong Kong, the US (33 state licences), Canada, Australia, Singapore and the Netherlands. Accounts are free to open and keep, receiving is free, CNY payments to Chinese suppliers are capped at 0.4%, and it names the banks that hold client funds. It does not publish its FX margin.
| Fact | What the provider publishes |
|---|---|
| Account fee | Free to open and maintain |
| FX margin | Not published |
| Receiving | Free from bank accounts in 200+ countries; local accounts in GBP, EUR, Mexico, Brazil, Colombia, UAE and 12 African markets |
| Paying suppliers | From US$2 per transaction; CNY to Chinese suppliers at most 0.4% |
| Stablecoins | Not published |
| Finance | None published |
| Onboarding | Online, accounts ready within 24 hours |
| Protection | Safeguarded as an FCA payment institution; funds held at JPMorgan, DBS, HSBC, OCBC and Bank of China |
| Date read | 21 October 2026 |
Who can open an account, by country of registration
| Country | Published position |
|---|---|
| United Kingdom | Yes |
| United States | Not published |
| Mexico | Served, local account |
| Brazil | Served, local account |
| Colombia | Served, local account |
| Hong Kong | Yes |
| China | Yes |
| Türkiye | Not published |
| UAE | Served, local account |
| Nigeria | Not published |
| Pakistan | Not published |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 21 October 2026 from: xtransfer.com/uk/services/pricing, xtransfer.com/uk/services/compliance, xtransfer.com/uk/services/local-accounts, xtransfer.com/uk/about-us/company.
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Global Trade Banking Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Wise Business | 3.8 | 1 of 26 | Transparent FX and receiving in 22 currencies |
| WorldFirst | 3.5 | 2 of 26 | Importers paying Asian suppliers, no account fees |
| Airwallex | 3.5 | 3 of 26 | Free local supplier payments to 120+ countries |
| Statrys | 3.1 | 4 of 26 | Hong Kong, Singapore and BVI companies trading with Asia |
| Aspire | 3.0 | 6 of 26 | Singapore, Hong Kong and US-nexus companies trading in Asia |
| Currenxie | 3.0 | 7 of 26 | Asian and Mexican traders collecting in nine currencies |
| Payoneer | 3.0 | 8 of 26 | Marketplace sellers and exporters in 190+ countries |
| Mercury | 2.8 | 9 of 26 | US-registered companies with founders abroad |
| Ebury | 2.8 | 10 of 26 | Mid-size traders needing supplier finance with their FX |
| Verto | 2.7 | 11 of 26 | African exporters collecting in NGN, KES and ZAR |
| 3S Money | 2.7 | 12 of 26 | Non-resident companies from 190+ countries wanting UK and EU IBANs |
| Slash | 2.5 | 13 of 26 | Non-US wholesalers spending in dollars and receiving USDT |
| Revolut Business | 2.5 | 14 of 26 | UK, EEA and US companies wanting cards and FX allowances |
| Shield | 2.5 | 15 of 26 | Wholesalers in Latin America paid in USDT |
| OFX | 2.4 | 16 of 26 | FX-heavy traders wanting a dealer on the phone |
| Tazapay | 2.4 | 17 of 26 | Exporters collecting from buyers in 85+ markets |
| Wio Bank | 2.4 | 18 of 26 | UAE trade licence holders wanting a bank with lending |
| HSBC UK | 2.3 | 19 of 26 | UK traders needing letters of credit and trade finance |
| iBanFirst | 2.0 | 20 of 26 | EEA and UK companies exchanging €200,000 or more a year |
| Conduit | 1.9 | 21 of 26 | Companies in 100+ countries settling trade in stablecoins |
| Bitso Business | 1.8 | 22 of 26 | Latin American traders settling on Pix, SPEI and ACH |
| Flutterwave | 1.7 | 23 of 26 | African exporters receiving USD, GBP, EUR and AED |
| Equals Money | 1.7 | 24 of 26 | UK businesses wanting cards and 40 currencies in one account |
| Moneycorp | 1.7 | 25 of 26 | UK and Irish traders wanting dealer-led FX |
| Nium | 1.6 | 26 of 26 | Platforms and fintechs embedding payouts, not yet small traders |
Side by side on every criterion, fact and award.
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