Comparison · 2026 edition
Taxbit vs TRAction: regulatory reporting compared 2026.
Taxbit and TRAction side by side in the Regulatory Reporting Index 2026: scores, evidence, published facts and awards.
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Taxbit and TRAction side by side in the Regulatory Reporting Index 2026: scores, evidence, published facts and awards.
In the Regulatory Reporting Index, TRAction scores higher overall: 3.4 out of 5 (68 out of 100) against 3.2 (65), ranking 2 and 3 of 12. Taxbit scores higher for banks; TRAction scores higher for payment and e-money firms and investment and crypto firms.
Overall and segment scores out of 100, and the score out of 5.
| Score | Taxbit | TRAction |
|---|---|---|
| Score out of 5 | 3.2 | 3.4 |
| Score out of 100 | 65 | 68 |
| Overall rank | 3 of 12 | 2 of 12 |
| For banks (out of 100) | 71, rank 2 | 65, rank 5 |
| For payment and e-money firms (out of 100) | 58, rank 3 | 72, rank 1 |
| For investment and crypto firms (out of 100) | 65, rank 3 | 68, rank 2 |
| Type | Tax information reporting platform | Delegated trade and transaction reporting service |
Each score with the evidence behind it.
| Criterion | Taxbit | TRAction |
|---|---|---|
| Report coverage | 3/5 One report family (tax information reporting) across 70+ jurisdictions. | 2/5 One report family (trade and transaction reporting) across seven regimes. |
| Published pricing | 0/5 Not published on the pages read. | 5/5 Monthly fees, per-message prices and per-entity fees published in a full schedule. |
| Regulator reach | 5/5 70+ jurisdictions published. | 3/5 Regimes across Europe, Asia Pacific and the Americas named. |
| Delivery | 3/5 API-first platform producing ready-to-file reports; managed filing and onboarding not published. | 5/5 Delegated reporting, rule updates, published onboarding and no set-up fees. |
| Security and standing | 5/5 SOC 2 Type 2 and ISO 27001:2022 with a named payments client. | 1/5 Client count only; no named clients or certification. |
| Data controls | 3/5 Real-time IRS matching and audit trail stated; reconciliation not published. | 5/5 Error correction, reconciliation against regulator records and accuracy reviews published. |
Each criterion is scored 0 to 5 against the best published offer in the Regulatory Reporting 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 | Taxbit | TRAction |
|---|---|---|
| Coverage | "Compliance teams run global information reporting on Taxbit, including CARF, CRS 2.0, MRDP, and U.S. information reporting"; exchanges and wallets "under 1099-DA, CARF, and CRS 2.0". | Reporting for EMIR, MiFIR, SFTR, ASIC, MAS, Canada and CFTC, plus best execution monitoring. |
| Reach | "across 70+ jurisdictions". | "regulatory technology services across Europe, Asia Pacific and the Americas" with offices in London, Sydney, Cyprus and Singapore. |
| Delivery | "Our API-first platform automates the entire compliance workflow end-to-end"; "Customer and transaction data goes in and ready to file reports come out." | "As a delegated service provider, TRAction manages the entire reporting process"; "Logic updates when regulations change" on Premium and Assured; published onboarding video; "no additional software, setup or consulting fees". |
| Controls | Tax identification numbers "Matched with the IRS in real time"; "Auditable by design". | "ARM Error correction", "Reconciliation of NCA or ARM vs Firm records", accuracy review reports and daily eligibility analysis. |
| Standing | Trust Center lists SOC 1 Type 2, SOC 2 Type 2, ISO 27001:2022, ISO 27701 and ISO 27017. Named client: PayPal. | "Trusted by 1000+ firms"; testimonials unnamed; certifications not stated on the pages read. |
| Pricing | Not published on the pages read. | MiFIR schedule: monthly account fee £720 (Basic), £1200 (Premium), £2400 (Assured); per message £0.03, or first 1000 free then £0.03 or £0.02; delegated reporting £200 per LEI (£100 on Assured); "exclusive of VAT". CFTC SDR: "$5.00 Cost of each transaction or position uploaded in a month". |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by Taxbit: pricing and delivery.
Not published or not stated by TRAction: standing and security and standing.
Facts read on 26 October 2026 from: taxbit.com, trust.taxbit.com; and tractionfintech.com, tractionfintech.com/pricing, tractionfintech.com/…, tractionfintech.com/about-us.
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
Crypto exchanges, wallets and payment firms filing CARF, CRS and US information returns.
Smaller investment firms, brokers and money transfer firms wanting a published price.
Tell us what you need and where you operate.