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Regarding the legitimacy of Global Reach forex brokers, it provides ASIC, FMA and WikiBit, (also has a graphic survey regarding security).

Is Global Reach safe?

Rating Index
1.58
Regulation
0.00
License
0.00
Software Index
4.00
Risk Control
0.00
Business
7.57
WikiFX Detection

Business

Field Survey Good

License

FMA Revoked

Is Global Reach markets regulated?

The regulatory license is the strongest proof.

Derivatives Trading License (MM)

ASIC Derivatives Trading License (MM)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Revoked
  • License Type:

    Derivatives Trading License (MM)
  • Licensed Entity:

    ENCOREFX (AUSTRALIA) PTY LTD ENCOREFX (AUSTRALIA) PTY LTD
  • Effective Date:

    2016-01-06
  • Email Address of Licensed Institution:

    fjeffries@encorefx.com
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    http://www.encorefx.com
  • Expiration Time:

    --
  • Address of Licensed Institution:

    Level 17, 1-7 CasTlereaGh STreeT, SYDNEY NSW 2000
  • Phone Number of Licensed Institution:

    64 21566038
  • Licensed Institution Certified Documents:

11 name
Derivatives Trading License (MM)

FMA Derivatives Trading License (MM)

Financial Markets Authority

Financial Markets Authority

Regulatory Agencies Introduction
  • Current Status:

    Revoked
  • License Type:

    Derivatives Trading License (MM)
  • Licensed Entity:

    ENCOREFX (NZ) LIMITED ENCOREFX (NZ) LIMITED
  • Effective Date:

    2016-08-01
  • Email Address of Licensed Institution:

    fjeffries@encorefx.com
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    2021-08-01
  • Address of Licensed Institution:

    Level 18, 125 Queen STreeT, Auckland, Auckland, 1010, New Zealand
  • Phone Number of Licensed Institution:

    6421566038
  • Licensed Institution Certified Documents:

11 name

Is Global Reach a scam, or is it legit?

The latest exposure and evaluation content of Global Reach brokers.

Unable to withdraw
Neither did the platform give access to withdrawal, nor it replied to me. Be aware. It hasn't a bank account.
Unable to withdraw
It is a clone company, http://www.encorefxasia.com/ , in which the withdrawal is unavailable.
Unable to withdraw
Even the IRD wouldn’t charge such high tax.
Regulation not in place
Why nobody have addressed my complaint yet? But the platform shows that the complaint has been solved. What happened?

Global Reach Similar Brokers Safe

Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license.

Global Reach latest industry rating score is 1.58, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 1.58 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.

Global Reach safe