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EncoreFX Expands Operations in Ontario

Published July 23, 2018


July 23, 2018 10:41 ET | Source: EncoreFX Inc.

VICTORIA, British Columbia, July 23, 2018 (GLOBE NEWSWIRE) — EncoreFX (, a leading provider of foreign exchange, global payments, and risk management products for corporations, announced today that it has opened a new office in Waterloo, Ontario.

“Our Mississauga branch has been long impressed with the sheer number of successful businesses operating in Kitchener-Waterloo that deal into the US and overseas,” said Stephan Kulchyk, one of the corporate FX Risk Management dealers opening EncoreFX’s new office in Waterloo. “Unlike our competitors, who have been centralizing their operations to Toronto and managing client accounts remotely, we felt the need to be closer to our KW clients in order to provide them better service,” Kulchyk continued.

EncoreFX is a global leader in cross-border payments and risk management solutions for corporations, which started operations in Canada in 2015 and has quickly grown to the largest full service Canadian non-bank provider. EncoreFX helps over 2,000 clients make foreign currency payments and manage their foreign exchange risk. In 2017, EncoreFX processed over 4 billion in transactions on behalf of its customers.

About EncoreFX Inc.
EncoreFX Inc., combined with its subsidiaries, is a foreign exchange, risk management and international payments company headquartered in Victoria, BC, Canada, with a team of experienced professionals operating across Canada, New Zealand, Australia, and parts of the United States. EncoreFX provides customized access to services such as spot foreign exchange, international payments, and risk management strategies including forward contracts and currency options. For more information, visit

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