- Company name: Global Reach Group Limited
- Service description: Bank to bank international money transfers via online platform or phone.
- Website address: www.globalreachgroup.com
- Website Languages: English only.
- Review Summary: Global Reach is a serious service oriented company with a great, informative, website, strong financial foundation (they recently merged with FX Exchange) and the BEST RATES FOR LARGE TRANSFERS exclusively for our readers.
- Is Global Reach legit? Definitely, yes. Global Reach Group is one of the most reputable money transfer services in the UK, with 25,000 clients, £5bn in transactions and a whopping 98% rating by clients!
- Recommendation: Use Global Reach if you need a professional staff to assist you or looking for the best rates on your large money transfer.
- Special offer? Yes, preferential rates for our readers. View rates below.
Rating:
– Top 3 Rated – Best Exchange Rates for Large TransfersGlobalreachgroup.com Video Review
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Global Reach Fees
No fees at all on your transfer of any size if you are one of our readers. The only requirement is that the minimum transfer amount is £1,000, or equivalent in other currency.
Global Reach Rates for our Readers
These are Global Reach’s Current *estimated* exchange rates based on a commercial agreement with have with the company. It does not mean you will get these precise rates, especially since they move so quickly, but it should give you an idea of the exchange rates to expect, more or less. These are preferential exchange rates which are better than Global Reach’s default rates.
For Transfers of £100,000 or equivalent and up:
Currency Pair | Real Interbank Rate | Estimated Quote Global Reach |
GBP to EUR | 1.1246 EUR | 1.1201 EUR |
EUR to GBP | 0.8892 GBP | 0.8857 GBP |
GBP to USD | 1.3584 USD | 1.3530 USD |
USD to GBP | 0.7362 GBP | 0.7332 GBP |
USD to EUR | 0.8278 EUR | 0.8245 EUR |
EUR to USD | 1.2079 USD | 1.7565 AUD |
GBP to AUD | 1.7636 AUD | 0.5648 GBP |
AUD to GBP | 0.5670 GBP | 1.0760 NZD |
AUD to NZD | 1.0803 NZD | 1.0760 NZD |
GBP to NZD | 1.9052 NZD | 1.8976 NZD |
USD to NZD | 1.4025 NZD | 1.3969 NZD |
NZD to AUD | 0.9256 AUD | 0.9219 AUD |
NZD to GBP | 0.5249 GBP | 0.5228 GBP |
NZD to USD | 0.7130 USD | 0.7101 USD |
GBP to SGD | 1.8071 SGD | 1.7999 SGD |
AUD to SGD | 1.0247 SGD | 1.0206 SGD |
USD to SGD | 1.3303 SGD | 1.3250 SGD |
SGD to GBP | 0.5534 GBP | 0.5512 GBP |
SGD to AUD | 0.9759 AUD | 0.9720 AUD |
SGD to USD | 0.7517 USD | 0.7487 USD |
For Transfers of £50,000 to £100,000 or equivalent:
Currency Pair | Real Interbank Rate | Estimated Quote Global Reach |
GBP to EUR | 1.1246 EUR | 1.1189 EUR |
EUR to GBP | 0.8892 GBP | 0.8848 GBP |
GBP to USD | 1.3584 USD | 1.3516 USD |
USD to GBP | 0.7362 GBP | 0.7325 GBP |
USD to EUR | 0.8278 EUR | 0.8237 EUR |
EUR to USD | 1.2079 USD | 1.7547 AUD |
GBP to AUD | 1.7636 AUD | 0.5642 GBP |
AUD to GBP | 0.5670 GBP | 1.0749 NZD |
AUD to NZD | 1.0803 NZD | 1.0749 NZD |
GBP to NZD | 1.9052 NZD | 1.8957 NZD |
USD to NZD | 1.4025 NZD | 1.3955 NZD |
NZD to AUD | 0.9256 AUD | 0.9210 AUD |
NZD to GBP | 0.5249 GBP | 0.5222 GBP |
NZD to USD | 0.7130 USD | 0.7094 USD |
GBP to SGD | 1.8071 SGD | 1.7980 SGD |
AUD to SGD | 1.0247 SGD | 1.0196 SGD |
USD to SGD | 1.3303 SGD | 1.3236 SGD |
SGD to GBP | 0.5534 GBP | 0.5506 GBP |
SGD to AUD | 0.9759 AUD | 0.9710 AUD |
SGD to USD | 0.7517 USD | 0.7480 USD |
For Transfers of £10,000 to £50,000 or equivalent:
Currency Pair | Real Interbank Rate | Estimated Quote Global Reach |
GBP to EUR | 1.1246 EUR | 1.1161 EUR |
EUR to GBP | 0.8892 GBP | 0.8826 GBP |
GBP to USD | 1.3584 USD | 1.3482 USD |
USD to GBP | 0.7362 GBP | 0.7306 GBP |
USD to EUR | 0.8278 EUR | 0.8216 EUR |
EUR to USD | 1.2079 USD | 1.7503 AUD |
GBP to AUD | 1.7636 AUD | 0.5628 GBP |
AUD to GBP | 0.5670 GBP | 1.0722 NZD |
AUD to NZD | 1.0803 NZD | 1.0722 NZD |
GBP to NZD | 1.9052 NZD | 1.8909 NZD |
USD to NZD | 1.4025 NZD | 1.3920 NZD |
NZD to AUD | 0.9256 AUD | 0.9187 AUD |
NZD to GBP | 0.5249 GBP | 0.5209 GBP |
NZD to USD | 0.7130 USD | 0.7076 USD |
GBP to SGD | 1.8071 SGD | 1.7935 SGD |
AUD to SGD | 1.0247 SGD | 1.0170 SGD |
USD to SGD | 1.3303 SGD | 1.3203 SGD |
SGD to GBP | 0.5534 GBP | 0.5492 GBP |
SGD to AUD | 0.9759 AUD | 0.9686 AUD |
SGD to USD | 0.7517 USD | 0.7461 USD |
Analysis: Global Reach’s preferential rates are cheaper than the cheapest companies in the market for high-value transfers with the exception of World First and their guarantee for all UK-based clients to match and beat any competing quote from a competitor.
Their preferential rates are comparable to those provided by Currencies Direct or TorFX but a tad better for higher value transfers.
Currencies Offered by Global Reach
- British Pound
- Euro
- US Dollar
- Australian Dollar
- Bahamian Dollar
- Bahraini Dinar
- Botswana Pula
- Bulgarian Lev
- Canadian Dollar
and China Yuan Renminbi, Croatian Kuna, Czech Republic Koruna, Danish Kroner, Ghanaian Cedi, Hong Kong Dollar, Hungarian Forint, Indian Rupee, Israel Shekel, Japanese Yen, Jordanian Dinar, Kenyan Shilling, Kuwaiti Dinar, Mauritius Rupee, Mexican Peso, New Zealand Dollar, Norwegian Krone, Omani Rial, Philippine Peso (Non Deliverable Forward), Polish Zloty, Qatari Rial, Romanian Leu, Russian Ruble, Saudi Riyal, Serbia Dinar, Singapore Dollar, South African Rand, Swedish Krona, Swiss Franc, Thai Baht, Tunisian Dinar, Turkish Lira, Uganda Shilling and United Arab Emirates Dirham. In total, the company deals in over 140 currencies.
As you can see from the huge list above, Global Reach caters to a big variety of clients and are ready to satisfy any of their needs. There are just a few companies that can handle such a big variety of currencies and this is a big plus for the company.
Offices:
Global Reach has, beside it’s headquarters in London, multiple offices in UK, Cyprus and South Africa. This is the only way to ensure that a company like this can really offer access to their services to clients worldwide.
UK
Global Reach Group
2nd Floor, Woolgate Exchange
25 Basinghall Street
London, EC2V 5HA
Gateway Business Centre
Wilson Way
Redruth, Cornwall
TR15 3RQ
Cyprus
Afentico Anna Office 303, Cr.
Tapeleniou & Korytsas Street
Paphos 8010
Cyprus
South Africa
The Watershed
17 Dock Road
The V&A Waterfront
Cape Town – South Africa
8002
Regulation:
Global Reach Group Limited (company number 09907831) is the holding company of Global Reach Partners Limited (company number 04344764), Global Reach Markets Limited (company number 07026070) and Foreign Currency Exchange Limited (company number 5452483). All companies are registered in England with their registered office at 2nd Floor, Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA.
Global Reach Partners Limited is authorised by the Financial Conduct Authority (FCA) as an Authorised Payments Institution (FRN 504315). Global Reach Markets Limited is authorised and regulated by the FCA as an investment firm (FRN 526549). Foreign Currency Exchange Limited is authorised by the FCA as an Authorised Electronic Money Institution (FRN 900205).
Registration Process:
Registering an account with Global Reach is very simple and easy. There are basically four steps and in this small tutorial we will show you how to complete it.
The first step requires you to add a bunch of your personal details like name, address, date of birth, phone number all that usual information.
Second step involves giving informationa about your transfer requirements like how much money do you need to transfer in a year, what type of currencies are involved and to which country you want to make the transfers to. This are details that they need in order to provide the customers with their best possible service.
The third step is where you have to enter a mix of information. Part requires your full address, part are about information usefull for the company.
In the last step, you are encouraged to review all the information you have submited, to be sure that they are corect. If everything seems ok, you can simply click the Submit button and you are done.
One more step is needed for clients that are not from the UK. Those customers need to send a photo ID and proof of address. Documents do not need to be certified and they can accept clear digital copies (although, they will need to be in colour). Here are the requirements:
- Proof of address – Utility bill or bank statement dated within the last 3 months.
- Photo ID – Photo driving licence (front and back) or passport.
What Do Clients Say About Global Reach?
Global Reach is one of those very few companies this competitive and sometimes (sad to admit) ugly business which has received very few complaints online. The company’s reputation is absolutely sparkling, and it is even shinier even since they acquired FC Exchange! When you read one of several hundreds of reviews to be discovered about Global Reach online you come to a realisation that the vast majority of clients are not only happy with the service, they feel a degree of identity towards the firm. On TrustPilot 90% of the reviews are perfect, 8% are highly positive, and 1% average, with 0% bad or terrible. Our Global Reach review will display the same sentiment because their service is that good.
Final Words about Global Reach
This Global Reach review cannot be completed without describing what makes Global Reach better than all of its (let’s admit it) pretty similar competitors. A lot of companies are arguing to provide the best foreign exchange rates but in reality, it is virtually impossible to measure that. With all companies it works with the same shtick – the higher amount you’re transferring and the more you insist with your dealer -the lower the rate is. There is no denying about that, and it’s true it works at the exact same fashion with Global Reach Group.
But what made us recommend the firm on this Global Reach review is the fact the service provided is immaculate. There are no pushy selling techniques, no cheap tricks, and no tricky transactions. Global Reach Group believes that the way to the heart of the customer is not through his wallet but rather through his heart. They realise that once a client is satisfied with the service he is provided, he will just continue using them in the future.