Travelex Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-26 15:57

Abstract：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 Review Summary
Founded	1976
Registered Country/Region	Australia
Regulation	ASIC
Products & Services	Currency, travel card, travel insurance
Demo Account	❌
Trading Platform	Travelex Money APP, Travelex web
Minimum Deposit	AUD 100
Customer Support	24/7 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.

Pros and Cons

Pros	Cons
Long operation time	Commission 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 Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Australian Securities and Investments Commission (ASIC)	Regulated	Travelex Limited	Market Maker (MM)	000222444

Products and Services

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

Travelex Fees

Fee Type	Amount
Initial Card Fee (charged at the time of purchase)	Online: FREE via travelex.com.au or the Travelex Money App
Initial Card Fee (charged at the time of purchase)	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 Fee	Online: 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 Platform	Supported	Available Devices
The Travelex Money APP	✔	Mobile
Travelex web	✔	PC, laptop, tablet

Deposit and Withdrawal

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

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