We’re Finofin LTD, a Fintech comparison company that reviews different financial products. Our ultimate aim is to help individuals and SME’s find the best financial services for their needs. We focus on our effort on elaborated, user-friendly, reviews, and customer education.
We hired industry experts llike Mr. Badre Bouarich, an ex-HSBC trader, in order to help us structure this site, research the companies, and write down all the technical guides. We stay in direct contact with companies we work with, and even ones we don’t work with, in order to make absolutely sure the data we provide is true.
View our award as the 2016 runner up for best money transfer informational site in the world (full details can be found here)
Even though this website earn money from referring clients to companies, we make sure our choices are well elaborated, sensible, and beyond all – true. We already work with 14 money transfer companies, more than any of our competitors, and review over 30 firms in total. There are firms we deliberately chose not to work with, because our review was poor, but some of the well-ranked companies aren’t necessarily partners of ours.
We have also recently launched our FX complaint investigation service. Have a look. We look into complaints from anyone about any company, including our closest partners. Below is a testimonial about our services:
We make sure to work only with credible firms which are properly regulated. We don’t work with just any money transfer firm which is registered with the FCA and the HMRC in the UK, we make absolutely sure each company we work with is an Authorised Payment Provider (view full list on our FCA page).
Even though we are not regulated ourselves (as an information site which does not handle clients funds or provide any individual advice, there is no adequate type of regulation for us), we have been in contact with regulators to learn more and make absolutely sure we’re working by the book.
We’ve even been in contact with the US Securities and Exchange Commissions (SEC) to help them discover phishing emails send on their behalf. This was their reply:
MoneyTransferComparison.com – Our Staff
Our Financial Content Expert:
Our in-depth guides were written by Badre Bouarich, a former Trader and Multi Asset Structurer (Forex, Interest Rates) at HSBC bank in London and expert Financial Writer.
Our guides discussing the economy were composed by Mr. Tim Clayton, a market analysis specialist with more than 20 years of experience under his belt. He specialises at global economic trends, macro economical policy and central bank policies.
Our Expat Solutions Expert: Jacquelyn Vadnais is a global traveler, blogger, writer, author, and entrepreneur with a JD/MBA/LL.M degree. To date, she has visited 50 countries, lived in 8, and hopes to see a great deal more of the world.
Our Editor: Matt Di Vincere is a digital content specialist. His main expertise is in the comparison of products, and simplification of complex concept into digestible journalistic pieces. He serves as the main editor of MoneyTransferComparison.com for the past 3 years, and writes some of the content and the reviews, as well as provides guidance to other writers. He is a world affair and history fanatic, especially modern history.
Our Corporate FX Expert: George Tchetvertakov has vast experience in the foreign exchange area. He works for companies like Alpari, one of the top forex firms in the UK, and for Moneycorp, one of the industry leaders in money transfers, among others. Nowadays he is a freelance writer who writes for us, as well as large publications and several publicly traded companies. Read more about George on his personal blog
How MoneyTransferComparison.com was conceived
Over the years, we have realised banks are heavily overcharging clients on international transfers made with them. At the same time we learnt there’s a viable solution for that – commercial firms that buy and sell currency on wholesale and manage to provide better service, while charging lesser fees.
What we have also identified is that information in this market is lacking. While there are other websites dealing with this particular topic, none of them provided what we thought is required.
In early 2015, MoneyTransferComparison was launched in beta mode. We have reviewed over 20 money transfer companies for starters, focusing on one main theme: trustworthiness. At the end of the day, we figured out, most companies have similar fees (or similar exchange rate markups, to be precise). The biggest obstacle clients are facing is how smooth the transaction will be, and what’s the level of service they are expected.
Some of the companies reviewed, and/or featured this website, are affiliated with us. That means, that as soon as clients got to them from our website, sign up, and trade, we receive a compensation. That’s a normal revenue model in the world of financial information and price comparison websites, some of the bigger sites you know are also doing it, and it’s good for everyone.
✅ In 2016 – MoneyTransferComparison Helped Clients Move More Than £100,000,000 through our verified partners
Why Is This Business Model User Friendly?
We are able to provide all the information we offer for free. No membership fee for any content. We are able to keep the site advertising free. It’s all information and recommendations, nothing popping out or getting in your face.
We are also able to learn. With some companies, we are able to see how our users reacted to their offering. How many people of the ones we referred has actually managed to sign up (allows us to test the hurdles clients are experiencing). We are able to see whether after signing up, the exchange rate offered was good enough to commit a transaction. We are able to see which companies keep their clients the longest, which is to us a sign of satisfaction from previous deals.
We strong believe this is a Win-Win model, and happy to be one of few websites which are that transparent about what we do.
At MoneyTransferComparison.com we put our readers in the center. You are encouraged to leave your comments, positive or negative, in any of our guides or reviews.
Alternatively, you should feel free to contact us directly via the form below. We would be happy to learn from your experiences, or address any questions or comments from our readers.
"MoneyTransferComparison.com believes that transferring money over seas doesn't have to be a difficult process, and should never cost more than it has to"
"Study By MoneyTransferComparison.com ... for every $100,000 an Australian sends abroad, they could potentially save up to $4700 by using a foreign exchange provider instead of their bank."
MoneyTransferComparison has been featured, quoted, or linked to, by more than 1,000 reputable websites, blogs, and magazines across the web.
Those include Investopedia, Investing.com, Business.com, Expat Living Magazine, SmallBusiness.co.uk, News.com.au, Tamebay, The Fintech Times, Money Canada, Startup overseas, The Independent Singapore, and Wikipedia.
Stay Safe and Secure With MoneyTransferComparison.com
Our first priority is the safety and security of your money. Thus, all the companies recommended on this website are authorised as Payment Institutions or Electronic Money Institution by the Financial Conduct Authority (FCA).
To improve the quality of our services, and provide better inputs for our users, we kindly ask you to add your comments to each review and article. We WILL take them into consideration and adjust our ratings accordingly.
"Let's create an integrated global community where we have shared benefits and responsibilities, and we don't fight because of our differences."
- Bill Clinton
Are you working for a money transfer company and wish to be reviewed on MoneyTransferComparison.com?
Send your details through our contact form. Provide accurate and up date details about the company you are representing, and show willingness to address any question we may have for you. Do not attempt to grab our attention by offering commercial partnership deals right off the bat. We only partner up with companies that have been fully reviewed and received terrific ratings.