Global Reach Forex Broker

Key Information Details Company Name Global Reach Years of Establishment 10-15 years Headquarters United Kingdom Office Locations 3rd Floor 20 Wood Street London, EC2V 7AF Regulation Financial Conduct Authority Market Instruments Currencies, Commodities, Indices, Stocks Account Types Standard, Premium, VIP Minimum Deposit £50 Leverage Up to 1:100 Spread As low as 0.8 pips Deposit/Withdrawal Methods Bank transfer, credit card, e-wallet Trading Platforms MetaTrader 4, MetaTrader 5 Customer Support Channels Phone, Email Educational Content Blog, Newsroom, Case Studies, Market Analyses, Whitepapers, Podcasts, Webcasts, Currency Research Overview of Global Reach Global Reach, now known as Corpay, is a company with a 10-15 year history based in the United Kingdom. They operate within a regulated framework and offer a range of financial services, including international payments, risk management, strategic hedging solutions, and managing overseas transfers. Global Reach offers Currencies, Commodities, Indices, Stocks as tradable assets across their variety of industries. Corpay provides multiple account types, including Standard, Premium, and VIP, each with distinct minimum deposit requirements and leverage ratios. They offer trading on MetaTrader 4 and MetaTrader 5 platforms and support various deposit/withdrawal methods, such as bank transfers, credit cards, and e-wallets. Additionally, Corpay maintains a presence on social media platforms like Twitter, Facebook, and LinkedIn, and provides educational content through blogs, newsrooms, and more. Regulation Global Reach holds authorization from the Financial Conduct Authority (FCA) under the license type of Straight Through Processing (STP) with the license number 526549. This regulatory status pertains to their activities in the financial industry and signifies compliance with the requirements set forth by the FCA for STP operations. STP is a regulated license status that entails the direct and automatic routing of client orders to liquidity providers without the need for manual intervention. This approach aims to enhance order execution efficiency and transparency in financial transactions. One of the advantages associated with STP regulation is the potential for faster order execution as it eliminates the need for a dealing desk. Pros and Cons Pros Cons Regulated Environment Limited Trading Platforms Comprehensive Educational Resources Higher Minimum Deposits Competitive Spreads Withdrawal Processing Time Pros: Regulated Environment: Global Reach operates within a regulated framework, offering clients a level of security and trust in their financial services. This regulatory oversight ensures compliance with industry standards and provides a safeguard against potential misconduct. Comprehensive Educational Resources: The company offers a wealth of educational content, including blogs, newsroom articles, case studies, market analyses, whitepapers, podcasts, webcasts, and currency research. This diverse range of resources equips clients with valuable knowledge and insights to make informed trading decisions. Competitive Spreads: Global Reach provides competitive spreads across its account types, allowing traders to potentially lower their trading costs. The availability of different account types with varying spreads caters to a range of trading preferences. Cons: Limited Trading Platforms: While Global Reach offers the popular MetaTrader 4 and MetaTrader 5 platforms, the absence of alternative platforms like cTrader may limit options for traders who prefer different trading environments. Higher Minimum Deposits for Better Spreads: To access the more favorable spreads, clients must commit to higher minimum deposits, which may not be suitable for traders with smaller capital or those looking for a lower barrier to entry. Withdrawal Processing Time: Withdrawals may take up to 3 business days to clear, which, compared to some competitors, could be considered relatively lengthy for clients in need of quicker access to their funds. Market Instruments Global Reach offers a range of market instruments, including currencies, commodities, indices, and stocks, providing clients with diverse trading opportunities. Specifics are as follows: Currencies: Global Reach provides access to a wide range of over 145 FX currencies for trading, allowing clients to engage in foreign exchange transactions. This includes major, minor, and exotic currency pairs, enabling traders to capitalize on various global currency markets. Commodities: Global Reach offers trading opportunities in commodities, allowing investors to participate in markets for raw materials such as gold, silver, oil, and agricultural products. These commodities can serve as a hedge against inflation or diversify a trading portfolio. Indices: Global Reach provides access to indices, representing baskets of stocks from specific regions or sectors. Traders can speculate on the performance of these indices, such as the S&P 500 or FTSE 100, without trading individual stocks. Stocks: Global Reach also offers trading in individual stocks, allowing clients to invest in shares of publicly traded companies. This provides opportunities to profit from the performance of well-established corporations in various industries. Broker Market Instruments Global Reach Currencies, Commodities, Indices, Stocks OctaFX Currencies, Commodities, Indices, Cryptocurrencies, Stocks FXCC Currencies, Commodities, Indices, Stocks Tickmill Currencies, Commodities, Indices, Cryptocurrencies, Stocks FxPro Currencies, Commodities, Indices, Stocks, Options Financial Services Global Reach offers a suite of financial services that includes seamless international payments, risk management to mitigate currency fluctuations, strategic hedging solutions for optimized financial positions, and streamlined overseas transfers for businesses with international operations. The following are explanations of each of the offered services. International Payments: Global Reach's International Payments service allows clients to seamlessly transfer funds across international borders. This service is particularly valuable for businesses involved in global trade. For example, a UK-based import company can use Global Reach to make payments to their suppliers in different countries, ensuring that transactions are completed efficiently and in the required currencies. Risk Management: Global Reach offers Risk Management solutions to help clients mitigate currency and market risks. This service is crucial for businesses that are exposed to fluctuations in exchange rates. For instance, an exporting company can use Global Reach's Risk Management tools to protect themselves against adverse currency movements, ensuring that their profit margins remain stable despite volatile exchange rates. Strategic Hedging Solutions: Global Reach's Strategic Hedging Solutions enable clients to strategically manage their exposure to market risks. This service is essential for businesses seeking to optimize their financial positions. For example, a multinational corporation can use Global Reach's expertise to hedge against fluctuations in commodity prices, ensuring predictability in their costs and maintaining a competitive edge in their industry. Managing Overseas Transfers: Global Reach streamlines the process of sending and receiving international payments, making it efficient and secure. This is crucial for businesses that have international operations. For instance, an e-commerce platform expanding globally can rely on Global Reach to handle currency conversions and overseas transfers, allowing them to offer a seamless payment experience to customers worldwide. Account Types The available account types at Global Reach are Standard, Premium, and VIP. Specifics are as follows: Standard Account: The Standard Account offered by Global Reach requires a minimum deposit of £50. It provides traders with access to a spread of 1.2 pips and offers a leverage of up to 1:30. Premium Account: Global Reach's Premium Account necessitates a higher minimum deposit of £1,000. This account type offers a narrower spread of 1.0 pips and provides traders with a leverage of up to 1:50. VIP Account: The VIP Account, the highest tier offered by Global Reach, requires a substantial minimum deposit of £5,000. It features the lowest spread at 0.8 pips and offers the highest leverage of up to 1:100. Here is the table summarizing the differences between the account types: Account Type Minimum Deposit Spreads Leverage Standard £50 1.2 pips 1:30 Premium £1,000 1.0 pips 1:50 VIP £5,000 0.8 pips 1:100 How to open an account？ On the main page, there is a button at the top left centre which reads “Get in touch”, which should be pressed to proceed to the account creation page. From that point, the user should input their information after picking which service they are interested in. Global Reach creates accounts on a direct contact basis, so afterwards, the user needs to wait for a customer service representative to contact with the continuation of the account creation process. Minimum Deposit Global Reach offers varying minimum deposit requirements for its different account types. The Standard account requires a minimum deposit of £50, the Premium account necessitates a higher deposit of £1,000, while the VIP account commands a substantial minimum deposit of £5,000. These minimum deposit rates cater to a range of traders with differing risk appetites and capital availability, allowing clients to select the account type that best suits their individual financial preferences. Leverage Global Reach offers varying levels of leverage for its account types. The Standard account provides a leverage ratio of up to 1:30, the Premium account offers up to 1:50, and the VIP account provides the highest leverage at up to 1:100. These leverage ratios enable traders to amplify their positions relative to their invested capital, potentially increasing both profits and risks. Here is a table comparing the maximum leverage for market instruments offered by Global Reach, OctaFX, FXCC, Tickmill, and FxPro: Broker Maximum Leverage Global Reach 1:100 OctaFX 1:300 FXCC 1:500 Tickmill 1:500 FxPro 1:1000 Spread Global Reach offers competitive spreads for its various account types. The Standard account features a spread of 1.2 pips, the Premium account offers a narrower spread at 1.0 pips, and the VIP account provides the lowest spread of 0.8 pips. These spreads reflect the pricing structure for trading instruments, and traders can choose an account type that aligns with their preferred cost structure. Deposit & Withdrawal Global Reach offers a range of deposit and withdrawal methods for clients to manage their funds efficiently. Clients can deposit funds using bank transfers, credit cards, and e-wallets. Deposits are typically processed within 24 hours, ensuring swift access to trading capital. Withdrawals may take up to 3 business days to clear, depending on the chosen method. Specifics are as follows: Bank Transfers: Global Reach provides clients with the option to deposit and withdraw funds through bank transfers. This method allows for secure and direct transfers between the client's bank account and their trading account with Global Reach. Bank transfers are a common and reliable way to move larger sums of money and are suitable for traders seeking a traditional and secure transaction method. Credit Cards: Clients can also deposit funds using credit cards, offering a convenient and widely accepted payment option. This method provides instant funding to the trading account, allowing traders to take advantage of market opportunities quickly. Credit card deposits are efficient and accessible, making them suitable for traders who value speed and ease of use. E-Wallets: E-wallets are another deposit method offered by Global Reach, allowing clients to use digital wallets like PayPal or Skrill for their transactions. E-wallets offer a balance between security and convenience, making them a popular choice for online financial transactions. With e-wallet deposits, funds can be transferred swiftly to the trading account, and this method is ideal for clients looking for flexibility in managing their funds. Trading Platforms Global Reach offers its clients access to the popular MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are well-established and widely used in the industry, known for their user-friendly interfaces and comprehensive tools for technical analysis. Traders can execute trades, analyze charts, and implement trading strategies efficiently on these platforms. Here is a table comparing the trading platforms offered by Global Reach to those of OctaFX, FXCC, Tickmill, and FxPro: Broker Trading Platforms Global Reach MetaTrader 4, MetaTrader 5 OctaFX MetaTrader 4, MetaTrader 5, cTrader FXCC MetaTrader 4, MetaTrader 5 Tickmill MetaTrader 4, MetaTrader 5 FxPro MetaTrader 4, MetaTrader 5, cTrader Customer Support Global Reach provides two primary customer support options: phone support and email support, allowing clients to choose the communication method that suits their preferences. The following are specifics of customer support options: Phone Support: Global Reach offers phone support to assist clients with their inquiries and concerns. Clients can reach customer support by calling the provided phone number, +44 (0)20 3465 8200, ensuring direct and real-time assistance. Email Support: Another communication channel available is email support. Clients can contact Global Reach by sending messages to the provided email addresses: hello@globalreachgroup.com and info@globalreachgroup.com. This method allows for written correspondence and documentation of inquiries. Educational Resources Global Reach offers a diverse range of educational content types, including blogs, news articles, case studies, market analyses, whitepapers, podcasts, webcasts, and currency research. These resources cater to clients seeking to expand their financial knowledge and improve their trading skills. Blog: Global Reach offers a blog where clients can access informative articles on various topics related to finance and trading. This educational content provides insights and updates to help traders stay informed about market trends and developments. Newsroom: Global Reach maintains a newsroom with timely updates and news articles. Clients can stay up to date with the latest financial news, which can be valuable for making informed trading decisions. Case Studies: The company provides case studies that offer real-world examples of financial strategies and successful trading experiences. These studies can provide practical insights for traders looking to improve their skills. Market Analyses: Global Reach offers market analyses, which include in-depth assessments of market conditions, trends, and potential opportunities. This content can be essential for traders seeking to make informed decisions in their trading activities. Whitepapers: Whitepapers are available, offering in-depth research and analysis on various financial topics. These documents provide a comprehensive understanding of specific subjects, making them valuable resources for clients looking to expand their knowledge. Podcasts: Global Reach provides podcasts that offer audio content on financial and trading topics. These can be a convenient way for clients to learn on the go and gain insights from experts in the field. Webcasts: The company offers webcasts, which are live or recorded video presentations on financial topics. These webinars can provide interactive learning experiences for clients looking to enhance their financial knowledge. Currency Research: Currency research materials are available to help clients understand and analyze the foreign exchange market. This content can be valuable for traders interested in currency trading. Community Support Global Reach offers community support through its presence on various social media platforms. They maintain accounts on Twitter, Facebook, and LinkedIn, where clients and interested parties can follow their updates, announcements, and engage in discussions related to financial markets and trading. These channels serve as additional sources of information and communication for clients and the wider community interested in staying connected with Global Reach. Conclusion In conclusion, Global Reach, a regulated brokerage with a decade-long history, provides a range of financial services tailored to meet the needs of clients across various industries. Their offerings encompass international payments, risk management, strategic hedging solutions, and efficient overseas transfers, catering to market instruments such as Currencies, Commodities, Indices, and Stocks. Clients can choose from three distinct account types, each with varying minimum deposit requirements and leverage options. Additionally, Global Reach offers competitive spreads, further enhancing the trading experience for its clientele. The company supports MetaTrader 4 and MetaTrader 5 as trading platforms and provides diverse educational content through several means for the benefit of traders. Lastly, their community support is facilitated through active engagement on social media platforms, enabling clients and the public to stay informed about market developments and company updates. FAQs Q: What types of financial services does Global Reach offer？ A: Global Reach provides international payment solutions, risk management, and strategic hedging services. Q: How can clients contact Global Reach for support？ A: Clients can reach Global Reach's customer support via phone and email channels. Q: What is the minimum deposit requirement for the VIP account？ A: The VIP account requires a minimum deposit of £5,000. Q: Which trading platforms are available at Global Reach？ A: Global Reach offers access to MetaTrader 4 and MetaTrader 5 platforms. Q: How long does it typically take for withdrawals to clear？ A: Withdrawals may take up to 3 business days to clear. Q: In addition to blogs, what other educational content does Global Reach provide？ A: Global Reach offers educational content in the form of newsroom articles, case studies, market analyses, whitepapers, podcasts, webcasts, and currency research.