Score
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
Australia Investment Advisory License Revoked
Suspicious Overrun
High potential risk
Add brokers
Comparison
Quantity 10
Exposure
Score
Regulatory Index0.00
Business Index7.32
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
Global Reach Financial Solutions Inc.
Company Abbreviation
Global Reach
Platform registered country and region
Canada
Company website
X
Company summary
Pyramid scheme complaint
Expose
Even the IRD wouldn’t charge such high tax.
The platform gave no access to withdrawal by grinding reasons. If you refuse to add fund, it will froze your account. I haven’t received my first withdrawal in 24 hours, only to find that my account has been froze. The customer service asked me to pay the margin. After so that, they continued to ask for 20.6% of the fund for individual tax. I don’t know what’s your trick next time.
The platform refused my withdrawal request including incorrect bank account number, asking for a 20% margin of 469632 RMB. After that, it will continue to ask you to raise 20 score for credit, with 3000 RMB per score, which needs 600000 RMB in total.
The platform gave no access to withdrawal with grinding excuses including margin, insufficient credit score, etc..
It is a clone company, http://www.encorefxasia.com/ , in which the withdrawal is unavailable.
On the night of December 25th, 2019, I was asked to pay 20% for margin since my bank account number was wrong. The the platform continued to ask for fund with the excuse of inadequate credit score. I need to pay 600 thousand RMB to raise 20 scores, with 3000 RMB per score. After so that, the platform still refused my request, asking for another 20000 RMB. Is the platform legit? Can you ASIC see to these brokers?
The withdrawal applied on January 3rd hasn’t been received in 24 hours. I was asked to pay 61200 RMB as a margin. They promised the fund could be withdrawn within 24 hours. After so that, my withdrawal was still unavailable. Then the customer service continued to ask me to pay 80000 RMB to raise my credit score, with 4000 RMB per score. It’s simply a routine.
Why nobody have addressed my complaint yet? But the platform shows that the complaint has been solved. What happened?
Neither did the platform give access to withdrawal, nor it replied to me. Be aware. It hasn't a bank account.
They give no access to withdrawal by grinding excuses. The first time was the bank account error, they asked me to pay 20% of the fund. At the second time, they claimed that I hadn’t noted the margin, requiring me to pay another 20%. At the third time, with the excuse of insufficient credit score, I was asked to raise the score by 5000, with 100000 RMB per score.After that, they continued to ask me to pay another 25000 RMB, then tax fee...
| Global Reach Review Summary | |
| Founded | 2017-07-27 |
| Registered Country/Region | Canada |
| Regulation | Revoked |
| Services | Midland Automation/Commercial Card/Cross-Border/Fleet Solutions |
| Customer Support | Social Media: LinkedIn, Twitter, etc. |
Global Reach is a business payment company to achieves diversified industry payments by providing a variety of payment solutions. Global Reach is still risky due to its unregulated status and unspecific fee information.
FMA and ASIC regulateGlobal Reach with revoked status, which makes it less safe than regulated brokers.
Global Reach's business spans cross-border, AP Automation & Commercial Cards, including automotive, hotel industry, non-governmental organizations, entertainment and media, etc. The company also provides midland automation, commercial card, cross-border, and fleet solutions to help corporate payments.
Traders can follow Global Reach to learn more via LinkedIn, Twitter, etc.
| Contact Options | Details |
| Social Media | LinkedIn, Twitter, etc. |
| Supported Language | English |
| Website Language | English |
| Physical Address | Not mentioned |
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User comment
1
CommentsWrite a review
2023-02-21 13:55
