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Airwallex Review
Airwallex is a multi currency business payments platform, not a retail forex broker. It holds around 80 licenses worldwide and reached an 11 billion dollar valuation in 2026.
Min Deposit
$0
Spreads From
About 0.50 percent FX markup on major currencies, near 1.00 percent on others
Max Leverage
Not applicable, this is a business payments platform, not a leveraged trading broker
Platforms
Airwallex web platform, Airwallex mobile app
Pros
- Holds around 80 real licenses across North America, Europe, and Asia Pacific
- FX markup runs near just 0.50 percent on major currencies like USD and EUR
- Backed by 1.57 billion dollars raised and an 11 billion dollar 2026 valuation
- Multi currency accounts give local bank details in the US, UK, EU, and Australia
- No incoming payment fee on most supported currencies
Cons
- Not a retail forex broker, so individual traders cannot open a trading account
- International card payments carry a steep 3.40 percent plus $0.30 fee
- Higher tier Accelerate plans run custom pricing from around $999 a month
- Non major currencies carry a larger 1.00 percent FX markup
Airwallex is a business payments and multi currency account platform, founded in Melbourne in 2015 by Jack Zhang, Lucy Liu, Max Li, and Xijing Dai. It is not a retail forex broker, and instead serves companies moving money across borders. The group holds around 80 licenses worldwide through separate local entities.
Key entities include Airwallex Pty Ltd, ASIC licensed in Australia under AFSL 487221, Airwallex UK Ltd, FCA regulated as an electronic money institution under FRN 900876, and AWX Lithuania UAB, an EEA passported electronic money institution. FX markups run near 0.50 percent on major currencies and 1.00 percent on others.
In its most recent funding round in mid 2026, Airwallex raised 320 million dollars at an 11 billion dollar valuation, with a stated IPO target for 2026. Annualized revenue reportedly passed 1.3 billion dollars in March 2026. Business users should still compare its card and subscription fees against rivals like Wise before committing.
Min. Deposit
USD 0
Max Leverage
Not applicable, this is a business payments platform, not a leveraged trading broker
Spreads From
About 0.50 percent FX markup on major currencies, near 1.00 percent on others
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
