Global Reach Review

Global Reach Review

Global Reach (formerly FC Exchange for its consumer business) provides foreign exchange and international payment solutions for clients around the world. Every year they help a wide range of companies and individuals transfer money abroad quickly and safely. To date, Global Reach has transferred over £2.5 billion GBP for their clients.

Fee: ? No Fees
Bank Partner: ? Barclays, Lloyds
Speed: ? 1-3 days
Country Notes Offer 51 different currencies and over 1000 currency pairs. Some currencies subject to additional compliance information
Local settlement: ? UK, South Africa
Transfer methods ? Phone and online transfer services
Regulated By: ? FCA
General Notes Personal service from one of the most experienced teams in the industry

The pros and cons of using Global Reach (formerly FC Exchange)

pros

Live chat feature on website

9.5/10 rating on Trustpilot

Tailored currency solutions for people who are emigrating

Highly competitive currency exchange rates

Regular payments can easily be set up: weekly, monthly or annually

Email notifications for latest currency market updates

Fee-free transfers on amounts over £3,000

cons

No mobile app

Minimum transfer amount of £1,000

Does not accept payments via cash or cheques

Global Reach (formerly FC Exchange)

Global Reach Products for Individuals

Global Reach offers a selection of services for personal currency transfers, including systems for one-off payments, regular payments, and forward contracts. With forward contracts, Global Reach gives individual clients the option of locking in a particular exchange rate for as long as two years, minimizing risk. For individuals sending or receiving regular overseas payments, Global Reach has a range of products and services to facilitate the transfer. Global Reach has a Regular Payment Facility through which clients can transfer money at competitive rates with efficiency and speed.

Global Reach Products for Businesses

Global Reach serves a variety of corporate clients, from small to medium-sized businesses, to multinational corporations. Since they buy currency at wholesale rates, Global Reach is able to offer better exchange rates and faster transfers than banks and other institutions. Each client is assigned a dedicated Global Reach broker who serves as a single point of contact, offering advice and devising solutions to best meet the needs of each business.

Global Reach makes international payments efficient and simple, whether business clients are making a one-off transfer or regular transactions. Businesses also have access to Global Reach’s Regular Payment Facility. For companies vulnerable to fluctuations in the currency exchange market, Global Reach offers tools for for managing risk and exposure. They offer a variety of fx transfer methods, including spot exchanges, forward contracts, stop loss orders, and limit orders.

They also help corporate clients with forward contract and hedging, which can help businesses achieve long term stability. Small to medium-sized businesses making regular payments to employees abroad or making multiple money transfers can benefit from making bulk payments through Global Reach, beating bank rates and saving money through economies of scale.

About Global Reach

Based in London, Global Reach also has offices in several other countries worldwide. Founded in 2005 by specialists with backgrounds in accounting, fx markets, and advertising. They are regulated by the FCA, maintain segregated and protected accounts for client funds, and have an A2 credit rating with Dun & Bradstreet. They charge no fees or commission and pride themselves on the transparency of their service.

Amount Received £ 10,000.00
£ 166.32 Avg. Saving vs. Banks ?
EUR11,424.68
USDn/a
CAD16,694.71
AUD18,591.06

Compare Other Currency Rates

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Other International Money Transfer Quotes

Western Union Business Solutions

The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.
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The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.
Amount Received
USD $12,283.33
GBP £139.73
saved vs. banks
Bank Beating Rates

Currencies Direct

Call us0203 018 1318

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

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Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
USD $12,333.21
GBP £179.73
saved vs. banks
Bank Beating Rates

TorFX

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Est. 2004

Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

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Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers

Amount Received
USD $12,370.62
GBP £209.73
saved vs. banks

Moneycorp

?
Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

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One-off payments | Regular payments | Great rates | Safeguarded customer funds

Amount Received
USD $12,345.68
GBP £189.73
saved vs. banks

OFX (UK)

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Est. 1998

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

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OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

Amount Received
USD $12,312.01
GBP £162.73
saved vs. banks

WorldFirst

?
Est. 2004

Transparency and security | Great customer feedback rating from Feefo

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Transparency and security | Great customer feedback rating from Feefo

Amount Received
USD $12,302.03
GBP £154.73
saved vs. banks

RationalFX

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Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
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Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
Amount Received
USD $12,364.38
GBP £204.73
saved vs. banks

Currency Solutions

Currency exchange specialists ranking No.1 on Trustpilot for the past two years

More InfoLess Info

Currency exchange specialists ranking No.1 on Trustpilot for the past two years

Amount Received
USD $12,369.37
GBP £208.73
saved vs. banks

Smart Currency Exchange

Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
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Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
Amount Received
USD $12,364.38
GBP £204.73
saved vs. banks

Rates From The Average UK High Street Bank

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

More InfoLess Info

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

Amount Received
USD $12,059.86
No saving vs. banks

PayPal

?
Est. 1998

Shop with PayPal and you’ll still earn your points, airmiles and cashback. Fees are shown as part of the overall exchange rate.

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Shop with PayPal and you’ll still earn your points, airmiles and cashback. Fees are shown as part of the overall exchange rate.

Amount Received
USD $12,033.92
No saving vs. banks

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.