Provider profile · 2026 edition
Bound review 2026: scores, pricing and alternatives.
An FX hedging platform for UK businesses with spot, forwards and international payments.
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An FX hedging platform for UK businesses with spot, forwards and international payments.
Bound scores 2.5 out of 5 (49 out of 100) in the Buckingham Intelligence Treasury and FX Hedging Index 2026 and ranks 5 of 13. It is strongest for UK small and mid-sized firms wanting a published hedge price, with 5 out of 5 for published pricing. Not published or not stated on the pages read: global reach, integration and risk reporting.
Scores from the Treasury and FX Hedging Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For importers and exporters | 57 | 3 of 13 |
| For corporate treasury teams | 43 | 8 of 13 |
| For payment and fintech firms | 46 | 6 of 13 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
UK small and mid-sized firms wanting a published hedge price.
What Bound publishes on its own pages, read on 26 October 2026.
An FX hedging platform for UK businesses with spot, forwards and international payments. It is the only provider in this edition to publish a full table of hedge prices by annual volume, and it holds FCA investment firm and e-money authorisations. Currency counts, named integrations and security certifications are not published.
| Fact | What the provider publishes |
|---|---|
| Coverage | "Hedging strategies", "Amend trades at any time", "Spot transactions", "International payments" and "Multi-currency support". |
| 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." |
| Global reach | Number of currencies not published. |
| Integration | "Accounting integrations" listed; systems not named; API not mentioned on the pages read. |
| 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)." |
| Risk reporting | "Real-time analytics", "Hedging performance" reports and a risk simulator tool. |
| Date read | 26 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 26 October 2026 from: bound.co/pricing, bound.co.
Each score with the evidence behind it.
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
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Kyriba | 4.2 | 1 of 13 | Large corporate treasury teams wanting one system for cash, payments and FX risk |
| Atlar | 3.1 | 2 of 13 | Mid-market finance teams wanting bank and ERP links with strong security |
| Ripple Treasury (GTreasury) | 3.1 | 3 of 13 | Corporate treasury teams wanting hedge accounting inside the TMS |
| Kantox | 2.7 | 4 of 13 | Mid-sized firms automating hedges from ERP data |
| Ebury | 2.2 | 6 of 13 | Importers and exporters needing hedges in many currencies and countries |
| Trovata | 2.1 | 7 of 13 | Finance teams wanting a published base price for multi-bank cash visibility |
| Convera | 2.0 | 8 of 13 | Firms paying in many currencies wanting forwards and options with FCA authorisation |
| Corpay Cross-Border | 1.9 | 9 of 13 | Firms paying in many currencies that want hedging without an upfront deposit |
| Agicap | 1.8 | 10 of 13 | Small and mid-sized European firms forecasting cash across many banks |
| MillTech | 1.6 | 11 of 13 | Fund managers and corporates wanting multi-bank FX pricing |
| Hedgebook | 1.6 | 12 of 13 | Firms in Australia, New Zealand and the UK needing hedge valuations for audit |
| Nilus | 1.6 | 13 of 13 | Finance teams wanting cash, forecasting and payments on top of their ERP |
Side by side on every criterion, fact and award.
Tell us what you need and where you operate.