Kantox Money Transfer Review

This review for the Kantox money transfer company is intended to explain the pros and cons of using it for your money transfer needs. We focus on the important aspects like fees and exchange rates, the quality of the online money transfer platform, and the level of service provided.

📝 Short of making the list for the top rated money transfer companies for August 2021, based on our editorial rankings, Kantox it’s a well known company. But for better service and rates, we encourage you to have a look at this Kantox recommended alternatives.
LogoKantox logo
🏛️ Established2011
🌎 International ClientsBusinesses Only
💱 Currencies Offered92
💷 Minimum Transfer€9,000 In annual trading (below that – pay €25 in fees per transfer)
📲 Trading viaOnline Platform or Telephone
🏢 Offices InUK
⚖️ Regulation
  • United Kingdom – Financial Conduct Authority
  • ✓ Bank of Spain
🤯 Fees€25 if annual trading volume < €9,000; None above
Promotional CodeNone
👨‍👩‍👧‍👦 Client ReviewsNone
⭐ Client RatingUnknown
Deloitte 2014 Award for Innovation
Deloitte Technology UK Fast 50 2016
Deloitte Technology UK Fast 50 2017
Deloitte Technology UK Fast 50 2018
European FinTech of the Year at the European ICT Spring Awards 2015
👍 Advantages

Fixed Low Margins

A lot of industry recognition and media recognition

Already transacted over $2bn since inception

Advanced platform

👎 Disadvantages

Single UK Office

Short track record

Client feedback is hard to find

View Recommended Alternatives:

You can find top 3 Kantox competitors below:

  • Supported Currencies: 120.
  • Clients From: Globally with offices in UK, USA, France, Spain, Ireland, Australia, HK, UAE, Brazil, Gibraltar and Romania.
  • Authorised? Yes, by the FCA.
  • Guidance / Dedicated Dealer: Yes.
  • Online System: Yes, including an app.
  • Strong Point: Credibility, Reputation, Liquidity, Level of Service, Best Credit Rating among Peers.
  • Operating Since 1979 and Maintaining Excellent Reputation Since. An Industry Leader.
  • Rating:
    4.6 /5 on Feefo
    Editorial (Corporate): 97.4%
TorFX Logo
  • Supported Currencies: 59.
  • Clients From: Globally , with the exception of certain U.S states. Offices in UK and Australia.
  • Authorised? Yes, by the FCA.
  • Guidance / Dedicated Dealer: Yes.
  • Online System: Yes, including an app.
  • Strong Point: Experienced Dealers , Employee Retention, Strong Guidance.
  • FastTrack 100 Listed. Prominent Employer in Cornwall.
  • Rating:
    9.4 / 10 on TrustPilot
    Editorial: 94.2%
  • Supported Currencies: 121.
  • Clients From: Only accepts corporate clients & does not accept U.S businesses.
  • Authorised? Yes, by the FCA.
  • Guidance / Dedicated Dealer: Yes.
  • Online System: Yes, including an app.
  • Strong Point: Exchange Rate Margins of 0.25%-0.15% for Large Turnovers.
  • Trading more than $7bn each year.
  • Rating:
    9.8 /10 on Feefo
    Editorial: 91.4%
Unsure about the currency provider you chose? Find more Kantox alternatives. Try Hifx, Currency Solutions or Global Reach Partners.

Our Rating: 80.4%

 View Rating Breakdown

Read More:

Company Information and Credibility

Company size:  

Although Kantox is a newcomer to the currency transfer market, established only in 2011 (whereas companies like Moneycorp have been around since the 70’s), it has  already had a significant impact on the industry. In fact, Kantox which first  announced $1bn in trading at the end of 2014, then passed the $2bn mark in 2015 and has traded $9.6bn since inception

Kantox positions itself from competitors using two key elements: its technology which enables companies to transact within one mouse click, and its pricing module which is completely transparent (more on that in the relevant section of this review). Kantox aren’t just positioning themselves as a standard FX brokerage, much like TorFX, they see themselves as a company that builds software solutions to assist clients in overcoming the FX challenges they face.

Mainstream media, investors and Fintech magazines and events go crazy about the product. It has recently managed to secure $11m in its series B round from investors as covered by the Guardian. Other publications that covered the company include Business Insider UK, and forex transfer industry authority site Finance Magnets. It has also won several prestigious awards for its innovation.


Regulated By: 

Financial Conduct Authority (UK)


Deloitte 2014 Award for Innovation

Deloitte Technology UK Fast 50 2016

Deloitte Technology UK Fast 50 2017

Deloitte Technology UK Fast 50 2018

European FinTech of the Year at the European ICT Spring Awards 2015


Kantox seems to be a great company that can help SME’s save money and manage their finances in a transparent way. It’s undoubtedly an up and coming company with great chances of becoming a dominant force in the international currency transfer market.

It’s still hard to put alongside the industry leaders like World First, Currencies Direct, Moneycorp and even relatively new Transferwise.The trading history is much shorter, the volumes are still lower, and their reach is more limited. Most importantly there is still no verified client testimonial to attest for their services.



Client Feedback


Besides the testimonials appearing on their website, which are unmistakably positive (as expected) we have not been able to locate client reviews from those who used Kantox. It makes a lot of sense, as they have 3600 business clients who are unlikely to use the review platforms in the same way a private client would. But in comparison, World First has had tens of thousands of active clients every year since 2004, and many of these are retail clients which are more likely to share experiences than SME’s, and the overall number of reviews they have online is ~7000+.


Kantox has a smaller clientele base than some of the larger providers which reflects the fact they’re relatively new to the industry. There are no client reviews to be found online. On one hand, it lowers our level of trust, and thus their rating in this category, and on the other hand, there are no complaints as well.



Exchange Rate & Fees


Fees: If a company is transferring over €9,000 annually, there’ll be no fixed fees per transfer. Below that, each transaction will incur €25 in fees (translated into local currency).

Exchange Rates: Kantox deserves all the props for having the most transparent and easiest to understand the fee structure. To make a long story short – most businesses will pay 0.29% of each transfer, which is a tight margin (representing saving of 35% against already cheap rivals such as Transferwise, Azimo and Currencyfair).

Limits: The minimum transfer amount is £500 (or half of that for regular payments). The online system is able to handle transactions up to £250,000, and phone transfers are unlimited.  For travel money or currency cards, there’s no minimum, though travel money delivery is only free above the £750 mark.


Businesses trading below €9,000 a year should never use Kantox. These businesses will tend to send small transfers – when each cost an additional €25 (on top of the spread), it makes transferring almost as expensive as a bank.

Most businesses would love Kantox for their pricing which is the lowest rates in the market, period. These businesses will probably be able to haggle the large firms into similar rates if they have sufficient trading volumes, but with Kantox you know what you’ll get from the get-go and that’s a big advantage.



Global Reach & Service


  • Dedicated Dealer: Yes.
  • Offices: UK
  • Ways to approach: Email, Telephone,  Online Platform.
  • Translations: English, Spanish, German, Italian and French
  • Accepts clients: Worldwide
  • Currencies Handled: 92
  • Client reviews: None located


Kantox is not the most international company in the industry, with local offices in the UK and Spain, but given their licensing capabilities mean they can offer their service throughout Europe they do have numerous translations into the main European languages.

They do propose dedicated dealer services, but on the other hand, since there are no client reviews to be found, there’s no evidence it’s good or helpful.

We would say Kantox is just about average in that aspect.



Additional Functionalities

Services offered by Kantox:

  • Forward Contracts
  • Rate Watch
  • International Currency Accounts
  • Dynamic Pricing Tool for Businesses
  • Real-time FX data feed including API
  • Dynamic Hedging for multiple small-value transactions
  • Automated mass payment solution
  • Regular Transfers

The simple functionalities of forex hedging are available through Kantox platform. In addition, there are numerous other innovative products Kantox have launched that can be included as part of the online offering. It’s clear Kantox are trying to go a step beyond in the solutions it provides its clients. Rather than simply facilitating payments it’s being more strategic with its understanding of all the challenges a business might face when trading internationally. Particularly suitable for business clients who have a high volume of lower value payments to manage. The overseas account solution is targeting a bold number of available currencies (29) but it appears for now that the accounts can only be used for collection purposes, and not all of these currencies are available for now. The end goal is also to facilitate businesses to make payments from the accounts too, something WorldFirst offers through their World Account product. Both aim to reduce the need of working with multiple banking partners internationally and avoids the tricky onboarding process which is often required to register with these banks, such as a local address in the country the bank operates.


Kantox’ online platform is one of the most sophisticated online platforms in the industry, and one of the only ones that allow full hedging functionality. The fact you can also bolt-on additional products which are constantly in development shows the ambition of Kantox to become the go-to provider for SMEs trading internationally.

Kantox Money Transfer Review Summary
80 of 100 1 review
  • Credibility Score - 80%
  • Client Feedback - 70%
  • Fees, Exchange Rates - 95%
  • Global Reach, Availability, Service - 75%
  • Added Values - 82%

Bottom Line

There’s a big hype about Kantox and it seems like the industry is highly appreciative of its innovative idea. It’s biggest selling point – comfortable, fixed, pricing which is far cheaper than what other online competitors offer. It’s second biggest selling point – easy to use technology including hedging directly through the online platform (unavailable everywhere else). Its weak point – not enough track record and no client reviews were found. It has to be said it is a business only offering and you only typically see private client reviews on the review platforms such as Trustpilot. Our verdict – worth checking out because savings in both cost and time could be huge.



Notify of
Inline Feedbacks
View all comments