Global Reach Money Transfer Review 2021

Global Reach (officially: Global Reach Partners Limited) was originally established in 2002 as 4 separate brand names Corporate FX, Private FX, Smart FX and Travel FX, which were merged into Global Reach in 2012. The company started off by focusing on corporate clients, and we assume this is still Global Reach’s largest audience as their numbers reflect very high trading volumes per client (with 25,000 clients and £5bn traded in 2018, each client is moving £200,000 annually on average).

Who is FC Exchange?

London-headquartered FC Exchange (FC stands for “foreign currency”) was established in 2005, and held a 1A2 Credit Rating from D&B. Since the merger of FC Exchange, Global Reach FX has been trading more than £5bn annually with both companies combined. FC Exchange’s unique selling point was customer satisfaction. Unlike other companies in the industry who reward dealers and account managers based on how much profit they’ve turned for the company, FC Exchange took a different approach. FC Exchange chose to measure their employees by the level of satisfaction and retention of the clients they were handling. FC Exchange has helped over 25,000 people move money since 2005. Most of its staff were retained through the merger.  

Merged Company – Global Reach Group – from October, 2018

After the merge, it was decided that FC Exchange will handle all private clients, while Global Reach will be fully dedicated to corporate clients. This had been the situation until October 2018, when FC Exchange rebranded itself as Global Reach Partners UK private client desk. The two companies are now named simply Global Reach, and this Global Reach money transfer review entails both firms. The current CEO, Nicholas Fullerton, was the previous CEO and co-founder of FC exchange. Following the firm’s buyout by Inflexion and merger with Global Reach, Nicholas held the position of COO with the Global Reach Group from 2016 – 2019. Becoming CEO of the group in September 2019. The senior leadership team has significant experience in the international payments industry – some having made their way through the ranks at Global Reach and other key hires made from some of the industries largest providers.

Global Reach is one of the top 10 largest money transfer firms in the UK. Its recent merger with FC Exchange and launch in Canada only goes to cement this. It has gained a high level of recognition in various categories: Feefo 2019 Gold Service Award Best Small Companies to Work For 2014 – The Sunday Times Sunday Times Profit Fast Track 100 (2012) Credit Level A2, Dun & Bradstreet Best Accreditation Standard (b.co.uk): Best Company To Work For 2016

Global Reach FX is a highly reliable money transfer company. In fact, it is undeniably one of the top 10 firms of its kind in the UK. It has been in business for longer than the vast majority of other currency brokerages on the market, moving large volumes abroad each year, while maintaining great feedback across the board. With FC Exchange’s acquisition, the company is growing at a staggering pace and increasing its presence in the private clients’ sector side. It is still less internationalised than some of the industry titans, with fewer offices abroad, less regulatory authorities supervising them and unable to take on American clients, but they are still up there at the top when it comes to reliability.