In this article, we will explore alternatives to OKX, a platform renowned for its comprehensive suite of institutional crypto trading solutions. OKX caters to professional traders and institutional investors with features like advanced execution algorithms, customizable trading strategies, and a robust security record.
Reviews
Users have shared a mix of positive and negative feedback about OKX. Many appreciate the platform's competitive fees, deep liquidity, and responsive client service. However, some users have expressed frustration with the complexity of the interface and occasional delays in customer support responses. Overall, while the advanced features and robust security are praised, the learning curve and support issues have been points of contention.
- "OKX offers highly competitive fees and deep liquidity, which is great for high-volume traders." - Kevin March
- "The interface can be quite complex for new users, and customer support sometimes takes longer to respond." - Anonymous User
For more detailed reviews, visit OKX Reviews on G2.
Best alternatives to OKX
1. OneSafe
OneSafe is a financial technology company offering a blend of traditional and Web3 financial services. It provides comprehensive account services tailored for companies that operate both in fiat and cryptocurrencies. OneSafe is designed to meet the unique needs of Web3 startups and tech companies, facilitating a bridge between conventional banking and digital currency ecosystems.
- Features: Simple onboarding, global payments, corporate cards, multi-currency support, global accounts, seamless payments, state-of-the-art security measures.
- Pricing: Account opening is free, no minimum balance, no monthly fees, corporate cards and invoices included, 0.1% fee for US domestic payments, 0.2% fee for SEPA payments, 0.2% fee + $25 for international wires, $20 for Fedwire, 1% FX fee on corporate cards, 0.1% fee for USDT transactions, fiat to crypto conversion included.
- Testimonials: Users praise OneSafe for its exceptional customer support and seamless financial solutions. The platform is lauded for simplifying payroll and expense management, making it an essential tool for Web3 companies. For more details, visit the OneSafe website.
2. Bunq
Bunq offers a streamlined and efficient way to set up a business bank account, requiring just a phone and ID for a quick 5-minute setup. The service includes a free 30-day trial for any plan, making it an attractive option for businesses looking for ease and efficiency in their banking needs.
- Unique Features: Quick account setup, multiple bank accounts, contactless payments, automation tools, high-interest rates, team collaboration, local IBANs, powerful cards, environmental impact, web access, 24/7 online support.
- Pricing: Easy Bank Pro XL: €23.99/month, Easy Bank Pro: €13.99/month, Easy Bank: €7.99/month, Easy Savings: Free, Easy Card: Free.
- Testimonials: Users generally appreciate Bunq's innovative features and user-friendly app. One user noted, "Bunq knows how to make customers satisfied cuz they never stop adding new features and bonuses." However, another user expressed frustration, stating, "The fact that Bunq’s customer service took a full six months to respond only further highlights how poorly organized Bunq must be." For more detailed reviews, visit the Bunq Reviews on Trustpilot.
3. Wise
Wise offers an international account that allows users to send, receive, and manage money in multiple currencies. It is designed for individuals and businesses who need to handle international transactions efficiently and cost-effectively. The service promises significant savings on international transfers, with no hidden fees and competitive exchange rates.
- Unique Features: Multi-currency account, low fees, guaranteed exchange rates, global account details, Wise debit card, interest on balances, regulatory compliance, security, customer trust.
- Pricing: Registering with Wise is free. Sending money incurs a fee starting from 0.29%, holding money in over 40 currencies is free, receiving local payments is free, receiving USD wire and Swift payments costs $6.11 USD, and receiving CAD Swift payments costs $10 CAD.
- Testimonials: Users generally appreciate Wise for its ease of use and low fees. One user noted, "Easy for me to convert the USD funds I have to the currencies of the country I'm vacationing." However, another user expressed frustration, stating, "Customer Support is the worst among all the products that I used, they're just incompetent." For more detailed reviews, visit the Wise Business Reviews on G2.
4. Novo
Novo offers an online business checking account with no hidden fees, no minimum balance requirements, and 100% online accessibility. It provides tools for managing business finances, including bookkeeping, invoicing, credit cards, and funding options. Novo aims to simplify financial management for small businesses, freelancers, consultants, and self-employed individuals.
- Unique Features: No hidden fees, no minimum balance requirements, 100% online account management, free ACH transfers and incoming wires, free virtual and physical debit cards, ATM fee reimbursement up to $7/month, personalized customer service, AI-powered bookkeeping, automated budgeting with Reserves, integration with top business tools, exclusive partner discounts, FDIC insurance up to $250,000 via Middlesex Federal Savings, F.A.
- Pricing: Novo offers a transparent pricing model with no hidden fees. There are no monthly maintenance fees, no minimum balance requirements, and no fees for ACH transfers or incoming wires. ATM fees are reimbursed up to $7 per month, and there are no fees for virtual or physical debit cards.
- Testimonials: Users generally appreciate Novo for its ease of use and small business-friendly features. One user noted, "Novo is super easy to use and has become an absolute lifeline for my business." However, another user expressed frustration, stating, "This bank is terrible. My account was closed due to inactivity without any notification." For more detailed reviews, visit the Novo Reviews on Trustpilot.
5. OneMoneyWay
OneMoneyWay is a digital platform offering seamless global payments, secure transfers, virtual and physical payment cards, business accounts, card acquiring, and payment terminals. The services are provided through regulated partners, ensuring security and efficiency for businesses of all sizes.
- Unique Features: Fast onboarding, top-grade security, low monthly fees, invoicing module, local IBAN accounts, corporate cards, 24/7 support.
- Pricing:
- Starter Plan: £49/month (billed annually), maximum revenue: 100,000 GBP, includes 1 business account, 1 physical Mastercard, 1 virtual Mastercard, exchange between 24+ currencies, invoice module, local clearing options, Danish account and REG.NR., dedicated account manager.
- Business Plan: £99/month (billed annually), maximum revenue: 2,000,000 GBP, includes up to 3 business accounts, 2 physical Mastercards, 3 virtual Mastercards, exchange between 24+ currencies, invoice module, local clearing options, Danish account and REG.NR., dedicated account manager.
- Enterprise Plan: Custom pricing, unlimited revenue, includes unlimited business accounts, physical and virtual Mastercards, exchange between 24+ currencies, invoice module, local clearing options, Danish account and REG.NR., dedicated account manager.
- Testimonials: Users generally appreciate OneMoneyWay for its quick and efficient service, but some have experienced issues with account management. One user noted, "OMW really deserve 5 stars. Once I applied, their reaction was immediate. They called me and took everything in charge during the all process until my account was ready." However, another user expressed frustration, stating, "Read the conditions carefully and disregard verbal promises. Verbally promised me that I could freeze the account, I was billed as soon as the account was created." For more detailed reviews, visit the OneMoneyWay Reviews on Trustpilot.
6. Axos Bank
Axos Bank offers digital business accounts designed to provide security, ease, and efficiency with minimal fees. Their services cater to both small businesses and commercial entities, offering tailored solutions such as checking accounts, business services, commercial lending, and treasury management.
- Unique Features: Digital business accounts, comprehensive commercial solutions, specialized services like HOA banking and 1031 exchange intermediaries, advanced financial tools, Axos ONE bundled account, Axos FundFinder+ research tool, mobile app for financial management.
- Pricing: Axos Bank's digital business accounts are designed to offer security, ease, and efficiency with minimal fees. Specific pricing details are not explicitly listed on the website, but users are encouraged to explore individual service pages or contact the bank directly for more information.
- Testimonials: Users generally appreciate Axos Bank for its great service and small business products. One user noted, "Great service and they really care about your business-I'd highly recommend!" However, another user expressed frustration, stating, "Horrible company. They locked my account and I never got my money back." For more detailed reviews, visit the Axos Bank Reviews on Trustpilot.
7. RelayFi
Relay is a financial technology company offering online business banking services. It provides small businesses with tools to manage their earnings, spending, and savings efficiently. Relay offers business checking and savings accounts, receipt management, accounts payable services, and the Relay Visa® Credit Card. The platform integrates with accounting and payroll software like QuickBooks Online, Xero, and Gusto. Relay emphasizes no account fees, overdraft fees, or minimum balances, and offers FDIC insurance up to $3M through Thread Bank.
- Unique Features: Up to 20 individual checking accounts and 2 savings accounts with 1.00%-3.00% APY, physical and virtual cards, 1.5% cash back on credit cards, supports ACH transfers, wire transfers, and checks, direct integrations with QuickBooks Online and Xero, receipt management, role-based user permissions, Profit First banking, FDIC insurance up to $3M, Visa® Zero Liability Protection, two-factor authentication, and biometric security.
- Pricing: Relay offers a basic plan with no monthly fee, including essential business banking features. The Relay Pro plan starts at $30 per business per month, offering additional features like faster ACH, free wire payments, and advanced accounts payable services. For accountants and bookkeepers, Relay Pro is also available starting at $30 per client per month, with tailored features for managing clients' accounts payable.
- Testimonials: Users generally appreciate Relay for its ease of use and comprehensive features. One user noted, "No joke, the best customer service experience I have had in life to date. I'd take someone with half of her effort any day of the week. She went above and beyond." However, another user expressed frustration, stating, "TERRIBLE! TERRIBLE! TERRIBLE! services. Took them 7 business days to clear initial ACH deposit to open account and the fund was indeed withdrawn very next day from originating bank. Tool them 7 days to 'settle' a mobile check deposit. After fund 'settled', I was asked to provide basically digital documents to support the transaction. And... at same time, my account was frozen. I thought I signed up a banking services, instead what I got is uninvited auditing agent over-sighting my legit business. Totally unacceptable and I am ready to file a CFPB (consumer financial protection bureau) report if it is not resolved promptly." For more detailed reviews, visit the Relay Financial Reviews on Trustpilot.
8. VIALET
VIALET offers a Business Account that simplifies money management for businesses. The account can be applied for online and set up within 3 business days. It is designed to cater to businesses of all sizes, providing seamless banking and payment solutions, budget control, comprehensive management, and enhanced reporting.
- Unique Features: Online onboarding without branch visits or physical documents, remote ID verification and electronic signing, access to payment, money transfer, and account services across Europe, set and adjust monthly and annual spending limits, unified view and management of transaction history, expenses, transfers, and invoices, detailed transaction history and statements for smooth accounting and invoicing, fast and easy account opening process, PSD2 compliant security standards, dedicated account managers, customizable services for startups and global businesses.
- Pricing: VIALET offers transparent pricing, ensuring clear costs to free up resources for business success. Specific pricing details or cost breakdowns are not provided on the website, and users are encouraged to sign up or contact VIALET directly for detailed pricing information.
- Testimonials: Users generally appreciate VIALET for its professional and welcoming service. One user noted, "Vialet is everything that it should be. They are professional, kind, and fast. Everyone there is so welcoming and they really make you feel like an important person." However, another user expressed frustration, stating, "The company seems extremely dubious to me. The conditions on the homepage do not correspond to what is subsequently demanded; mind you, for a low-risk company. This extremely dubious behaviour lights up all the warning lights for me." For more detailed reviews, visit the VIALET Reviews on Trustpilot.
9. Airwallex
Airwallex is a global payments and financial platform trusted by over 100,000 companies. It offers software and APIs to simplify global payments and financial operations, helping businesses unlock new opportunities and grow without limits.
- Unique Features: Simple setup, fast transfers, cost-effective, human support, cloud native, high security, global compliance, local payments network.
- Pricing:
- Explore Plan: $0 or $29/month, free if you deposit at least $5k/month or hold a minimum balance of $10k. Includes multiple accounts, local bank details in 20+ currencies, free transfers to 120+ countries, interbank FX rates, multi-currency company and employee cards, online card and local payment method acceptance, and integrations with Xero, QuickBooks, and NetSuite.
- Grow Plan: $99/month. Includes everything in the Explore plan plus international batch transfers, more free company cards, expense management, domestic and international bill pay, automated receipt and bill data extraction, and additional integrations.
- Accelerate Plan: $499/month. Includes everything in the Grow plan plus centralized management of finances across global entities, single sign-on (coming soon), advanced NetSuite integration, HRIS platform integrations (coming soon), dedicated account manager, and onboarding support.
- Custom Plan: Custom pricing. Tailored for high-volume businesses, custom API implementations, and embedded finance solutions.
- Testimonials: Users generally appreciate Airwallex for its efficiency and ease of use. One user noted, "I've been using Airwallex for managing our business transactions, and it's been a real time-saver." However, another user expressed frustration, stating, "Can't be trusted. Do not use this service." For more detailed reviews, visit the Airwallex Reviews on Trustpilot.
10. Payhawk
Payhawk is a comprehensive spend management platform designed for multi-national businesses. It combines company cards, international bank payments, accounts payable with purchase orders, expense management, bank accounts in dedicated currencies, and leading integrations with ERP and accounting software into one system.
- Unique Features: Seamless ERP integration, customisable platform, multi-entity support, worldwide accounts and card issuance, cost-effective transfers to 160+ countries, advanced expense management, customisable workflows, automated HR integrations, robust invoice handling, dedicated onboarding and implementation support, fast multi-lingual customer support.
- Pricing:
- Premium Cards: Includes dedicated bank accounts, Visa credit and debit cards, virtual and physical cards, advanced card controls, carbon emissions tracking, automatic expense creation, automated reconciliation, and accounting software integrations.
- All-In-One Spend: Includes all Premium Cards features plus expense management, free domestic reimbursements, end-to-end invoice management, advanced approval workflows, budget tracking, and a dedicated customer success manager.
- Enterprise: Includes all All-In-One Spend features plus purchase orders with 3-way matching, multi-entity dashboard, enterprise accounting integrations, HR integrations, and SSO/SAML authentication.
- Growth Program: £149/month for 24 months, available for businesses with less than 50 employees registered in EEA or UK/I.
- Testimonials: Users generally appreciate Payhawk for its efficiency and comprehensive features. One user noted, "This is a great payment platform for automated online billing. It has made our bookkeeping so much easier and reduced the administrative time required." However, another user expressed frustration, stating, "Payhawk changed their business focus to larger customers and gave me ten business days' notice to close my account." For more detailed reviews, visit the Payhawk Reviews on Trustpilot.
Which one should you go with?
In conclusion, while each of these platforms offers unique features and benefits tailored to various business needs, OneSafe stands out for its seamless integration of traditional and Web3 financial services. Whether you're a startup or a tech company, OneSafe's comprehensive account services, competitive pricing, and exceptional customer support make it a compelling choice. While any of these alternatives could serve your business well, OneSafe's ability to bridge conventional banking with digital currency ecosystems makes it an excellent option for those seeking a versatile and reliable financial partner.
