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The WikiFX Score of this broker is reduced because of too many complaints!

Global Reach

Canada|5-10 years|
Regulated in New Zealand|Suspicious Regulatory License|Suspicious Scope of Business|Australia Investment Advisory License Revoked|Suspicious Overrun|High potential risk|

https://www.globalreachgroup.ca/corporate

Website

Rating Index

Contact

+1 236-326-3880
vancouver@globalreachgroup.com
https://www.globalreachgroup.ca/corporate
Suite 2060 – 555 West Hastings Street Vancouver, BC V6B 4N6 Canada
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+1 236-326-3880

Broker Information

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Company Name

Global Reach Financial Solutions Inc.

Company Abbreviation

Global Reach

Platform registered country and region

Canada

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Warning: Low score, please stay away! 6
Previous Detection : 2024-04-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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    Global Reach · Company Summary

    General Information & Regulation

    Global Reach is the successor of EncoreFX, which is founded in 2014, a Canadian-based currency exchange company that provides foreign exchange risk management solutions to investors and global payment services to businesses. EncoreFX filed for bankruptcy in March 2020. Global Reach Group, backed by Inflexion, acquired the assets of EncoreFX. It should be noted that Global Reach is currently not subject to any effective regulation.

    Main Business Involved

    Global Reach's goal is to help clients proactively reduce the risk that exchange rate fluctuations may pose to their business. Global Reach Reach builds strong partnerships with each of its clients and communicates regularly to ensure that Reach is fully aware of the risks to which its clients may be exposed. Global Reach's institutional team has extensive experience in dealing with funds of all sizes and can tailor the firm's products to suit clients in a variety of suitable asset classes, including private equity, real estate, private bonds, and infrastructure. In addition to fund-level foreign exchange risk, the Global Reach team specializes in designing strategies to manage the impact of volatility on foreign currency management fees, thereby ensuring a reduced impact on client liquidity.

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    more than one year
    After reading Global Reach's website and other user reviews, I have absolutely no intention of trading with it. This is a very poor scammer company.
    2023-02-21 13:55
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