Currencies Direct Logo

Currencies Direct

Currencies Direct serves businesses, online sellers and individuals. This Kantox alternative gives online sellers the ability to convert sales from popular international ecommerce platforms without requiring receiving accounts in matching currencies. You get segregated accounts within the main account so receiving multiple currencies is easy. A centralized system simplifies how you manage transfers.

Pros

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Register as a business, an online seller or an individual
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UK-based, offices also in the U.S., Portugal, France, Spain, China, South Africa and India
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Multilingual website
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Travel money solutions provided in the UK
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Pay international suppliers in local currencies
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Segregated accounts let you receive payments and hold funds in multiple currencies
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Get access to a dedicated account manager
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Choose from limit orders, forward contracts and scheduled transfers

Cons

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Services not provided in all American states

WorldFirst Logo

WorldFirst

WorldFirst lets you register as a business, an online seller, or an individual. This alternative to Kantox provides receiving accounts in multiple currencies through its World Account. Making cross-border payments is easy. It provides forward contracts.

Pros

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Register as a business, an online seller or an individual
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UK-based, offices also in Australia, the Netherlands, Hong Kong, Singapore and Japan
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Multilingual website
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Local phone support in some countries
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Receiving accounts provided in GBP, USD, EUR, CAD, JPY and CNY
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Making supplier payments is straightforward
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Lets you choose from forward contracts and scheduled transfers
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Businesses and online sellers may use the World Account to receive funds and make payments in different currencies through matching currency accounts
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You can integrate the World Account with Xero easily
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Adds a transparent margin over existing mid-market/real exchange rates

Cons

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You cannot register as a customer from the U.S.
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The country of the transfer’s origin and the transfer method affect sending limits

Global Reach Group Logo

Global Reach Group

You may register with Global Reach Group as a business or an individual. This Kantox alternative provides different hedging tools. The company deals in over 140 currencies.

Pros

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Serves businesses and individuals
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UK-based, offices also in the Netherlands, South Africa and Cyprus
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Get over-the-phone access to a currency specialist
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Provides limit orders, stop loss orders and forward contracts
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Lets you schedule transfers

Cons

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No multilingual website

OFX Logo

OFX

This Kantox competitor lets you sign up as a business, an online seller or an individual. Online merchants may get local collection accounts in different currencies. You pay no outgoing fees when withdrawing funds from your OFX account into your local bank account.

Pros

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Serves businesses, online sellers and individuals
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Australia-based, offices also in the UK, the U.S., New Zealand and Hong Kong
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Local phone support in some countries
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Local currency accounts provided in GBP, USD, EUR, CAD, AUD, HKD and JPY
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Online sellers may automate delivery of funds
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Online sellers get to transfer funds without incurring fees
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Provides market orders, forward contracts and scheduled transfers
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Personal transfers come with fee-free thresholds
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Transfer funds online or over the phone

Cons

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Website access only in English
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Need to speak with an OFX representative over the phone to trade in some currencies

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