Comparison · 2026 edition
Bound vs Kantox: treasury and FX compared 2026.
Bound and Kantox side by side in the Treasury and FX Hedging Index 2026: scores, evidence, published facts and awards.
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Bound and Kantox side by side in the Treasury and FX Hedging Index 2026: scores, evidence, published facts and awards.
In the Treasury and FX Hedging Index, Kantox scores higher overall: 2.7 out of 5 (54 out of 100) against 2.5 (49), ranking 4 and 5 of 13. Bound scores higher for importers and exporters; Kantox scores higher for corporate treasury teams and payment and fintech firms.
Overall and segment scores out of 100, and the score out of 5.
| Score | Bound | Kantox |
|---|---|---|
| Score out of 5 | 2.5 | 2.7 |
| Score out of 100 | 49 | 54 |
| Overall rank | 5 of 13 | 4 of 13 |
| For importers and exporters (out of 100) | 57, rank 3 | 45, rank 5 |
| For corporate treasury teams (out of 100) | 43, rank 8 | 65, rank 3 |
| For payment and fintech firms (out of 100) | 46, rank 6 | 52, rank 4 |
| Type | FX hedging platform | Automated FX hedging software and payments |
Each score with the evidence behind it.
| Criterion | Bound | Kantox |
|---|---|---|
| Coverage | 3/5 Hedging and payments published; multi-bank cash view and forecasting not offered. | 3/5 Hedging and payments published; multi-bank cash view and cash forecasting not offered. |
| Published pricing | 5/5 Full table of hedge rates by volume and amendment fees published. | 0/5 Not published. |
| Global reach | 0/5 Not published. | 1/5 No currency count published. |
| Integration | 1/5 Accounting integrations listed without names. | 5/5 Named ERP connections and an API. |
| Regulatory standing and security | 3/5 Two FCA authorisations with FRNs; no security certification found. | 3/5 FCA and Bank of Spain authorisations with numbers; no security certification found on the pages read. |
| Risk reporting | 3/5 Hedge performance reporting published; exposure capture and hedge accounting not published. | 4/5 Exposure capture and hedge accounting published; mark-to-market reporting not confirmed. |
Each criterion is scored 0 to 5 against the best published offer in the Treasury and FX Hedging Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 26 October 2026.
| Fact | Bound | Kantox |
|---|---|---|
| Coverage | "Hedging strategies", "Amend trades at any time", "Spot transactions", "International payments" and "Multi-currency support". | Kantox Dynamic Hedging, Kantox In-House FX, Hedge Accounting Module, Dynamic Pricing, and Payments & Collections; micro, layered and static hedging programmes. |
| Pricing | "Spot pricing from: 0.03%" and hedge pricing tiers by annual FX flow: 0 to 20M 0.45% (5% margin deposit) or 0.75% (0% margin deposit), down to 250M+ 0.25% or 0.50%. Changing a forward's date 0.05%. "No setup fees. No monthly fees." | Not published on the pages read. |
| Global reach | Number of currencies not published. | Travel clients face exposure "across dozens of currencies"; no currency count published. |
| Integration | "Accounting integrations" listed; systems not named; API not mentioned on the pages read. | "ERP systems, including SAP, Oracle, Microsoft Dynamics, and NetSuite"; fintechs connect "directly via API". |
| Standing and security | "Bound Rates Limited is authorised and regulated by the Financial Conduct Authority (FCA) as a MiFID investment firm (FRN 966723). It is also authorised by the FCA under the Electronic Money Regulations 2011 ... (FRN 1036025)." | "Kantox Limited ... is authorised by the Financial Conduct Authority, FRN: 580343, as a Payment Institution"; Kantox European Union SL "authorized by the Bank of Spain as a Payment Institution with registration number 6890". |
| Risk reporting | "Real-time analytics", "Hedging performance" reports and a risk simulator tool. | "Automatically capture all FX exposure data, including forecasts, firm orders and balance sheet items"; Hedge Accounting Module with "Audit-ready hedge accounting reports". |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by Bound: global reach, integration and risk reporting.
Not published or not stated by Kantox: pricing, global reach and risk reporting.
Facts read on 26 October 2026 from: bound.co/pricing, bound.co; and kantox.com/en.
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
UK small and mid-sized firms wanting a published hedge price.
Mid-sized firms automating hedges from ERP data.
Tell us what you need and where you operate.