Key Data

• Trading Name: Global Reach Group
  
• Legal Entities: Global Reach Group Limited, Global Reach Markets Limited
• Activities: Payment solution
• Locations: United Kingdom, Cyprus, South Africa and other countries
  
• Authorization: UK FCA
• Key People: Sharpe Family

Global Reach Group (formerly FC Exchange) provides foreign currency services to corporate and retail clients. The company was founded in 2005.

Initially, the company focused on providing foreign exchange solutions for businesses. However, over time, the company experienced tremendous growth and made strategic acquisitions to support the retail cross-border money transfer space.

Global Reach Partners is authorized by the Financial Conduct Authority (FCA) as an authorized payment institution.

To date, Global Reach has served over 25,000 customers with cross-border transfers in more than 140 currencies. In 2018 alone, the company processed 4.9 billion pounds of transactions in various currencies.

By using Global Reach, small and medium-sized businesses can make large payments to their employees overseas, receive higher bank interest rates and save money as economies of scale kick in.

The Offering

Global Reach offers:

• International money transfers.
• Dedicated account managers.
• Forward transactions.
• Stop-loss and limit orders.
• Options.
• Digital wallets.

Global Reach, similar to other money transfer providers, calculates exchange margins or spreads based on the volume of currency traded and the transfer route.

There are two ways you can pay for your transfers with Global Reach:

• Bank transfers
• Card payments

Global Reach does not process transfers under 1,000 GBP. This is a pretty high minimum for personal transfers to family and friends.

On Trustpilot, 94% of Global Reach‘s customers have given 4 and 5 stars, and the company also receives mostly positive reviews on other forex rating platforms.

Conclusion

We rate the company on Green.