Business Case Studies

FC Exchange Rebrands as Global Reach Group

Foreword: FC Exchange provides a wide range of international money transfer services for customers around the world. With multi-currency options available, businesses and individuals are able to easily transfer money abroad to friends and family members, for purchasing real estate and assets, transferring proceeds of sold properties, for emigration purposes, or for overseas study.

This company has an established presence in Cyprus, the United Kingdom, and South Africa, with a wide range of forex transfer services for residents of many countries. Online and telephonic transfers are available, with low fees starting at £0 through £10, and transactions processing speeds of up to 3 days. The minimum transfer amount for FC Exchange is typically in the region of £1000 – £3000.

This online money transfer service is fully Licensed and Regulated by the FCA (Financial Conduct Authority) of the UK, and the FSB (Financial Services Board) of South Africa. Clients can enjoy segregated accounts to protect their funds, and thanks to a stellar rating from Dun & Bradstreet and auditing services provided by Grant Thornton LLP, this company is right up there with the best of them.

FC Exchange Becomes Global Reach Group Ltd

Inflection’s Global Reach Partners purchased FC Exchange in 2016. The deal was brokered to allow Global Reach Partners to scale operations and add additional money transfer capabilities. Over the past several years, GRP has grown substantially, and now sports a talented group of experts in Forex trading. They offer customer service excellence, above and beyond what is expected in the industry. The CEO of Global Reach Group, Mark Smith-Halvorsen made the strategic decision to acquire FC Exchange to tap into the potential of cross-border payments.

Global Reach Group Ltd is a company involved in bank to bank international money transfers through telephone or online. This English-speaking money transfer service is geared towards customers every step of the way. It is a reputable international FX service with 25,000+ registered clients and a total of £5 billion in transactions since inception. The newly rebranded Global Reach Group Ltd does not charge fees on transfers – regardless. The exchange rates offered by the company change from day to day, but tables indicate that preferential FX rates are available to clients.

In all cases cited by this company, transfers greater than £100,000 are possible with improved forex rates over the real interbank rate. This is true for GBP/EUR, EUR/GBP, GBP/USD, USD/GBP, USD/EUR, EUR/USD, GBP/AUD, AUD/GBP, AUD/NZD, GBP/NZD, USD/NZD, NZD/AUD and scores of others. Transfers between £50,000 and £100,000 also qualify for improved FX rates over real interbank rates. Much the same is true of transfers between £10,000 and £50,000. Amounts lower than that are typically subject to similar rates to the interbank rate, making Global Reach Group Ltd ideal for bigger money transfers. In fact, this company offers a guarantee of best rate quotes for all UK-based clients for high-value transactions.

Customer Satisfaction or Dissatisfaction with Services?

Global Reach Group Ltd has done a fine job of providing competitively priced forex rates to customers. Clients tend to agree that this online money transfer service company is a trusted and reputable provider with excellent rates. Hundreds of reviews have been written about Global Reach, and they generally indicate a high level of satisfaction on major independent review sites like TrustPilot. It’s important to understand that higher transfer amounts are associated with better exchange rates. It works that way with many forex money transfer services, and Global Reach is no different. To date, the company has posted encouraging numbers with more to come.