Kantox is a club to trade foreign currencies corporate to corporate: no banks!
- Up to 80% cheaper than banks. Save up to 1.500 USD on each 100.000 USD traded
- Transparent mid-market rates, no spread
- FCA regulated
- More than 20 currencies traded
- International payments for free
Exchange currencies now
Hedge FX RISK (FORWARDS)
Protect your company against currency volatility
Banks and brokers always include hidden fees in the rates they offer you. To compare Kantox vs. banks, we use an average high street bank fee (196 pips) but you can also input the quote from your bank in the simulator to make a real comparison. FORWARD RATES (1) All rates applicable in the platform are real time mid-market rates supplied by major financial data providers (Tradermade). Kantox does NOT charge any bid. In other words, banks and brokers can not offer better rates than Kantox can.
Forward exchange rates for "round" maturities (1 month, 2 months, etc.) are computed as follows:
FW EUR / USD (n) = Spot Rate EUR / USD * (1+i1*n/365) / (1+i2*n/365)
- is the Libor interest rate for the considered period for US Dollar.
- is the Libor interest rate for the considered period for Euro.
- i1 and i2
- are the rates published daily by the British Bankers Association (www.bba.org.uk)
- is the number of days for the considered period (n = 30 for 1 month, 60 for 2 months, etc.)
Forward rates between two round dates (for example a
forward rate for 45 days), are computed using the
CIP formula, with interest rates i1 and i2 derived from a linear interpolation between the interest rates i1 and i2 of the immediate preceding and immediate following round period.
FEES REALLY CHARGED (2) Does not include the cost of collaterals.
REQUIRED COLLATERAL (3) Kantox does not require any kind of collateral (margin deposit, margin call, credit line, etc.). These collaterals, always required by banks and brokers, represent a high opportunity cost with a direct impact on your working capital. For comparison purpose, we assume it usually represents 5% of the amount traded and does not require any additional margining.
Trusted, safe & secure
Kantox is regulated by the Financial Service Authority (FRN 580343) and all clients funds are held in a segregated account. Several clients with revenues of up to 1 Billion USD trust us to manage their FX transactions.
An easy way to save
Most of our clients are achieving savings up to 80% compared to fees they previously paid to banks. For every Million USD traded, clients save on average 15.000 USD.