Frequently Asked Questions

To register, you'll need to provide your full name, date of birth, current residential address, occupation, email, and contact number.

Unlike banks, we specialize exclusively in currency exchange, allowing us to offer competitive, bank-beating rates. By streamlining our services, we minimize overhead and pass these savings directly to our customers, helping you save on each transaction.

Most transactions are completed within the same day, depending on the time of day and specific banking hours. Our goal is to ensure your funds reach their destination as quickly as possible, often within 24 hours.

Transparency is key to our service. There are no hidden fees, and we always disclose any costs upfront. You’ll know exactly how much you’re paying and how much you’re saving compared to traditional banks.

We support all major global currencies. If you need to exchange a specific currency not listed, reach out to our support team to see if we can assist.

Our customer support team is available via phone, email, and live chat to answer any questions and assist with transactions. Visit our Contact Us page for details on how to reach us.

A wire transfer is an electronic method of sending money from one party to another, typically between banks. It's a fast and secure way to transfer funds, especially internationally. While banks and other providers may charge high fees and poor exchange rates, using a service like CDFE can save you money by offering better rates, lower fees, and quick delivery, often within one business day of receiving your funds.

Absolutely. We use state-of-the-art encryption and are registered with regulatory bodies like FINTRAC, ensuring compliance with security standards. Client funds are kept in segregated accounts to provide an additional layer of protection.

CDFE typically verifies your identity electronically through a fast and secure process. In some cases, we may request additional documents to complete the verification. If you're registering a business account, the specific documents needed will depend on your business type and its country of registration. Our team will guide you through the requirements during your initial call.

Yes, the minimum transaction amount is $10,000 USD. For larger transactions, please contact our support team to discuss any additional requirements or processes that may apply to ensure smooth handling.

Simply click on "Get a Quote" on our homepage or call our customer service line. After providing basic details about your transaction, you’ll receive an instant, personalized rate quote.

Once a transaction is confirmed, it’s typically non-reversible. However, contact our support team immediately if you need to make adjustments, and we will do our best to accommodate.

We are registered and compliant with all required financial regulatory bodies. This includes FINTRAC in Canada, ensuring that we adhere to strict anti-money laundering (AML) and counter-terrorism financing (CTF) standards.

Yes, you can secure your exchange rate in advance. Here’s how it works: First, you lock in a confirmed rate and share the recipient’s bank details. Then, you send us the funds in the original currency. As soon as we receive your money, we’ll transfer the purchased currency to your recipient. It’s that straightforward!

Currency Exchange Process Overview

When you exchange currency with banks

3% of your hard-earned money goes on bank fees
This means that for every $10,000 you exchange, you are giving the bank $300 which should actually be in your pocket.

Call our consultant
(905)-286-1117

Check today rates

Fast and secure transfers at bank-beating rates.

Bank / Financial Institute
Source
Saving%
$10k USD to CAD
$CAD Saved
Canada Digital Foreign Exchange (CDFE)

View

+3%

$14,201

$380 More

TD Bank

View

-2.26%

$13,887

$314 less

BMO Bank of Montreal

View

-2.74%

$13,822

$379 less

CIBC

View

-2.31%

$13,880

$321 less

Desjardins

View

-2.20%

$13,896

$305 less

RBC

View

-2.32%

$13,878

$323 less

Scotia Bank

View

-2.17%

$13,900

$301 less



Disclaimer: The prices listed are estimated based on current market trends and publicly available data gathered from various institutions online. We recommend verifying these estimates directly through the institution's website or by visiting in person for the most accurate information. (Updated: April 2025)

Our team of financial experts is ready to assist you with any account-related inquiries, guide you on the best times to exchange currency, and provide answers to all your FX questions.

What our customers say About us

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Alex T. – Small Business Owner, Toronto
Happy Client

This exchange offers the best rates for CAD to USD and EUR. Transactions are fast, and customer support is always quick and helpful. I appreciate their transparency—no hidden fees. I’ve saved money and trust them completely for my business.

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Rachel S. – Freelancer, Vancouver
Best Review

As a freelancer, I need fast and reliable currency exchange, and this company delivers. The rates are excellent, and I save on fees. Customer support is responsive and transparent about all charges. I won’t use anyone else.

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Thomas L. – International Investor, Calgary
Happy Client

I’ve found the best rates here for converting CAD to USD and EUR. Transactions are quick, and their customer support is top-notch. The transparency in fees has saved me money, and I trust them for all my exchanges.

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Megan D. – Travel Blogger, Montreal
Happy Client

I travel a lot and use this exchange for all my currency needs. The rates are great, transactions are fast, and customer support is always helpful. No hidden fees, just great service and savings.

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800+

Happy Customer

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20+

Years in FX

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150+

Business

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