Score

8.23 /10
Good

Travelex

Australia

Above 20 years

Regulated in Australia

Market Maker (MM)

Regional Brokers

Medium potential risk

B

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index8.11

Business Index9.30

Risk Management Index8.90

Software Index7.30

License Index8.11

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Travelex Limited

Company Abbreviation

Travelex

Platform registered country and region

Australia

Company website

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WikiFX Risk Alerts
Previous Detection : 2025-06-29
  • The current information shows that this broker does not have a trading software. Please be aware!

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Pyramid scheme complaint
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Travelex · Company summary
Travelex Review Summary
Founded1976
Registered Country/RegionAustralia
RegulationASIC
Products & ServicesCurrency, travel card, travel insurance
Demo Account
Trading PlatformTravelex Money APP, Travelex web
Minimum DepositAUD 100
Customer Support24/7 support
Tel: 1800 440 039
Email: retailcscaust.nz@travelex.com
Address: Suite 45.01, Level 45, 25 Martin Place, Sydney NSW 2000
Facebook, Instagram

Travelex Information

Travelex is a regulated service provider of premier brokerage and financial services, which was founded in Australia in 1976. It offers products and services for currency, travel cards and travel insurance.

Travelex Information

Pros and Cons

Pros Cons
Long operation timeCommission fees charged
Various contact channels
Regulated well
Various payment options

Is Travelex Legit?

Yes. Travelex is licensed by Australia Securities & Investment Commission to offer services. Its license number is 000222444. The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
Australian Securities and Investments Commission (ASIC)RegulatedTravelex LimitedMarket Maker (MM)000222444
Travelex license

Products and Services

Products & Services Supported
Currency
Travel card
Travel insurance
Products & Services

Travelex Fees

Fee TypeAmount
Initial Card Fee (charged at the time of purchase)Online: FREE via travelex.com.au or the Travelex Money App
In-Store: FREE for loads of foreign currency (loads of AUD incur a fee of 1.1% of the amount or $15 whichever is greater)
Top up FeeOnline: FREE via travelex.com.au or the Travelex Money App
In-Store: FREE for top-ups of foreign currency (top-ups ofAUD incur a fee of 1.1% of the amount or $15 whichever is greater)
BPAY: Top-ups not made via travelex.com.au or the Travelex Money App incur a fee of 1% of the amount
Replacement card fee
International ATM withdrawal and EFTPOS fee (outside Australia)FREE (Note: some ATM operators may charge their own fees or set their own limits)
Domestic ATM withdrawal and EFTPOS fee -when you use your card to make withdrawal or purchase in Australia and you have AU$ currency on your card (for more details refer to clause 9.4 of the Terms and Conditions)
Cash over the counterfee (where cash is obtained over the counter)
Monthly inactivity fee: Charged at the start of each month if you have not madeany transactions on the card in the previous 12 months unless your card is used again, or reloaded. This fee applies each month until the card is closed or the remaining card balance is less than the inactivity fee.AU$4.00 per month
24/7 Global Emergency Assistance
Closure/withdrawalfee: Charged when you close your card or withdraw from your Card Fund. This fee is set and charged by Mastercard Prepaid.AU$10.00
Currency to Currency foreign exchange rate: This is applied when you move your funds from one currency to another currency.At the then applicable retail foreign exchange rate determined by us. The broker will notify you of the rate that will apply at the time you allocate your funds from one currency to another.
Currency Conversion Fee: Applied when a purchase or ATM withdrawal is conducted in a currency either not loaded or suffcient to complete the transaction and the cost is allocated against the currency used to fund the transaction.FREE (The Spend Rate will apply to foreign exchange transactions inaccordance with the Terms and Conditions)

Trading Platform

Trading PlatformSupported Available Devices
The Travelex Money APPMobile
Travelex webPC, laptop, tablet
Trading Platform

Deposit and Withdrawal

Travelex accepts payments done via Mastercard, VISA, BPAY, Pay ID, GPay and ApplePay.

Deposit and Withdrawal
Minimum amountAU$350 or currency equivalent, online and via the app
AU$100 or currency equivalent in-store
Maximum amountAU$50.000 or currency equivalent
Deposit and Withdrawal

User Reviews

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User comment

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Comments

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Nicolas Navarro
more than one year
Este broker es ampliamente conocido por sus servicios de cambio de divisas y producto de dinero para viajes, no es tan reconocido como un broker tradicional para operar en mercados financieros. La mayoría de los usuarios se centran en sus servicios de cambio de moneda y transferencia de dinero, convirtiendose así en mas que un simple broker convencional.
Este broker es ampliamente conocido por sus servicios de cambio de divisas y producto de dinero para viajes, no es tan reconocido como un broker tradicional para operar en mercados financieros. La mayoría de los usuarios se centran en sus servicios de cambio de moneda y transferencia de dinero, convirtiendose así en mas que un simple broker convencional.
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2025-06-11 06:22
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hguh
more than one year
Multiple trading options are available. Especially on Ctrader, it's a fantastic solution. I've tried setting up a small account capable of two cryptocurrency withdrawals. The first one on Saturday, and the second one today, both arriving in my account within a single working day. If you're unable to trade, don't blame your failure on them, but their conditions and platform are excellent.
Multiple trading options are available. Especially on Ctrader, it's a fantastic solution. I've tried setting up a small account capable of two cryptocurrency withdrawals. The first one on Saturday, and the second one today, both arriving in my account within a single working day. If you're unable to trade, don't blame your failure on them, but their conditions and platform are excellent.
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2024-03-25 00:42
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