ODIN, the Australian expat property firm serving over 2,000 clients across 40 countries, has formalised TorFX as its official foreign exchange referral partner. The partnership addresses a persistent cost gap in cross-border property transactions, where buyers routinely lose thousands of dollars to invisible bank margins.
Australian expatriates typically transfer between $300,000 and $500,000 across borders during a single property transaction to cover deposits, settlement funds, renovation budgets, and ongoing rental income. Most buyers default to their primary bank for these transfers, unaware that banks typically apply a 2 to 3 percent margin built directly into the exchange rate rather than appearing as a line-item fee on statements.
On a $300,000 transfer, the difference between a standard bank rate and a specialist provider rate can exceed $7,500.
"FX is one of the biggest hidden costs in the expat property equation," said Ben Wong, Co-founder of ODIN. "On a $300,000 deposit transfer, the difference between a bank rate and a specialist rate can be $7,500 or more. That's real money that should be going into the property position, not disappearing into a spread."
The partnership gives ODIN clients access to competitive international transfer rates, dedicated account management, and a full AUD$100 credit applied directly to their account on their first transfer of more than AUD$2,000. TorFX, which processes more than $20 billion in annual transactions, charges no transfer fees and provides tools such as forward contracts and limit orders that allow buyers to lock in rates ahead of settlement
TorFX is regulated by the Australian Securities and Investments Commission (ASIC) and the Australian Transaction Reports and Analysis Centre (AUSTRAC), with client funds held at JPMorgan, Barclays, and Citi. The firm has operated for over 20 years across 25 global offices and held Canstar's 5-Star rating for seven consecutive years from 2018 to 2024.
For ODIN, the addition of a formal FX referral partner completes its integrated service model. The firm already combines mortgage brokerage, tax advisory, and conveyancing for Australian expats and foreign investors. With TorFX, ODIN now covers every major financial touchpoint in the property purchase process, from initial borrowing power assessment through to settlement and ongoing rental income management.
ODIN clients can register with TorFX through a dedicated referral link, with account setup taking approximately 20 to 30 minutes and transfers typically landing within 24 to 48 hours.
About ODIN
ODIN is a specialized financial services firm dedicated to Australian citizens, permanent residents, and foreign investors living overseas. Headquartered in Hong Kong with a strong presence in Singapore, ODIN provides an integrated suite of mortgage, tax, and legal services, enabling clients to buy and manage Australian property from anywhere in the world. The firm combines proprietary lending data on more than 40 Australian lenders with specialist tax knowledge across major expat corridors. ODIN has successfully served over 2,000 clients globally.
Disclaimer: This article contains general information only and does not constitute personalised financial, tax, or legal advice. ODIN has a referral relationship with TorFX. ODIN is regulated under the Australian Securities and Investments Commission (ASIC) and the National Consumer Credit Protection Act (NCCP). ODIN Tax operates under the Tax Practitioners Board (TPB).
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Company Name: ODIN
Contact Person: Ben Wong
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Country: HongKong
Website: https://www.odinmortgage.com/