Provider profile · 2026 edition
MillTech review 2026: scores, pricing and alternatives.
An FX hedging and cash investment platform, formerly MillTechFX, giving access to pricing from several large banks with transaction cost analysis.
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An FX hedging and cash investment platform, formerly MillTechFX, giving access to pricing from several large banks with transaction cost analysis.
MillTech scores 1.6 out of 5 (33 out of 100) in the Buckingham Intelligence Treasury and FX Hedging Index 2026 and ranks 11 of 13. It is strongest for fund managers and corporates wanting multi-bank FX pricing, and its best criterion is regulatory standing and security at 3 out of 5. Not published or not stated on the pages read: pricing, integration, coverage and risk reporting.
Scores from the Treasury and FX Hedging Index 2026.
No award in the Treasury and FX Hedging Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For importers and exporters | 31 | 10 of 13 |
| For corporate treasury teams | 36 | 12 of 13 |
| For payment and fintech firms | 31 | 12 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.
Fund managers and corporates wanting multi-bank FX pricing.
What MillTech publishes on its own pages, read on 26 October 2026.
An FX hedging and cash investment platform, formerly MillTechFX, giving access to pricing from several large banks with transaction cost analysis. It publishes FCA authorisation for its trading entities. Prices, currency counts and named integrations are not published.
| Fact | What the provider publishes |
|---|---|
| Coverage | "Advanced FX Hedging & Cash Investment Solutions"; FX Management, Cash Management, Trade Workflow Automation and Transaction Cost Analysis. |
| Pricing | Not published on the pages read. |
| Global reach | "Access preferential FX pricing from up to 15 Tier 1 banks"; "$500bn+ Average annual trading volume". |
| Integration | "Automated. Integrated. Connected."; no named systems or API on the pages read. |
| Standing and security | "MGTS and MGIL are authorised and regulated by the Financial Conduct Authority (MGTS FRN: 911636, MGIL FRN: 171039)." |
| Risk reporting | Transaction Cost Analysis and "independent analytics". |
| 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: milltechfx.com.
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 |
| Bound | 2.5 | 5 of 13 | UK small and mid-sized firms wanting a published hedge price |
| 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 |
| 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.
Head-to-head comparisons cover pairs within the top five of each ranking. MillTech is compared with its alternatives in the table above.
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