When I was a currency broker I set up an offer that enabled customers to get an Amazon voucher worth up to 0.1% of the value of currency they converted and sent through Berry FX. It was by far the most popular way of getting new clients to convert from prospect to customer.
I think the biggest voucher I issued was around £650 when a couple converted £650k into Euros to buy a Villa in Spain. At the time, I was charging a flat rate of 0.25% for that sort of conversion, so whilst it ate a bit into my profit margins, it did enable me to win the business from rivals.
You may well think, well why just not make the exchange rate better? Well, becuase people like deals and they like getting something back, plus people don;t really understand how exchange rate mark ups work.
This is why I wrote this guide on how to compare currency broker exchange rates, so you can get the best deal. But, if you do want a little back ro want to reward your broker with a word of mouth (or email link) referral we’ve put together some of the best money transfer refer-a-friend deals where you can earn some cashback from your currency broker.
Money transfers refer-a-friend deals
- Currencies Direct, the winner of Best Currency Broker in the 2024 Good Money Guide Awards, has introduced a For each friend you refer who goes on to use our services, you’ll both receive £50 as a thank you. There’s no limit to the number of friends you can refer or the amount of credit you can earn.
- Wise (formerly TransferWise): When you refer friends to Wise, they receive a fee-free transfer of up to £500 on their first transaction. After three friends each complete a transfer of over £200, you earn a referral bonus of up to £75.
- Xe Money Transfer: Share your unique promo code with friends; when they transfer £5,000 or more, both parties receive a £50 gift card.
- TorFX: Refer a friend who transfers at least £1,000, and both of you receive £50 credited to your accounts.
- CurrencyTransfer: Earn rewards each time a referred individual completes their first trade through CurrencyTransfer’s referral program.
Want to send money abroad? Here is a selection of the best currency brokers around at the moment:
| Currency Broker | Number of Currencies | Min Transfer | Forward Contracts | Same Day | Currency Options | GMG Rating | Get Quote |
|---|---|---|---|---|---|---|---|
 | 40 | £100 | 12 months | ✔️ | ❌ | Request Quote | |
 | 40 | £100 | 24 months | ✔️ | ❌ | Request Quote | |
 | 55+ | £250 | 12 months | ✔️ | ❌ | Request Quote | |
 | 30+ | £3,000 | 24 months | ✔️ | ✔️ | Request Quote |
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
