Top 10 Alternatives to SFOX

In this article, we will explore various alternatives to sFOX, a premier institutional crypto partner known for its extensive liquidity, compliance, and flexibility in crypto trading operations. We'll delve into what sFOX offers and then present other platforms that provide similar services for financial institutions.

Reviews

Users have shared a mix of positive and negative feedback about sFOX. Many appreciate the platform's extensive liquidity and high-performance trading infrastructure, which they find helpful for executing large trades efficiently. The compliance and security measures are also frequently praised, providing users with confidence in their transactions. However, some users have expressed frustration with the platform's customer service, citing slow response times and a lack of personalized support. Additionally, a few users have mentioned that the interface can be somewhat complex for newcomers, making it challenging to navigate initially.

• "The liquidity and execution speed are top-notch, making it easy to trade large volumes without significant slippage." - John D.
• "Customer service could be more responsive; it sometimes takes days to get a reply." - Sarah K.

For more detailed reviews, visit SFOX Reviews 2024.

Best alternatives to SFOX

1. OneSafe

OneSafe is a financial technology company offering a comprehensive neo-banking platform designed for startups and businesses operating in both fiat and cryptocurrencies. It provides streamlined, secure, and tailored financial services, including global payments, corporate cards, and multi-currency support.

• All-in-one platform, simple onboarding, global payments, corporate cards, multi-currency support, global accounts, seamless payments, state-of-the-art security measures.
• Account opening: Free, minimum balance: $0, monthly fees: None, corporate cards: Included, invoices: Included, US domestic payments: 0.1% fee, SEPA payments: 0.2% fee, international wires: 0.2% fee + $25 Swift, Fedwire: $20, FX fee on corporate cards: 1%, USDT transactions: 0.1% fee, fiat to crypto conversion: Included.
• Users rave about OneSafe's exceptional customer support and game-changing solutions for businesses. Testimonials highlight its seamless USD to USDC conversion and the revolutionized payroll processes for Web3 organizations. For more details, visit the OneSafe website.

2. MuralPay

Mural is a platform designed to eliminate delays and fees in global payments and invoicing. It allows users to pay vendors and contractors in over 40 currencies using real-time payments. The platform supports various financial operations, including payments, invoicing, bill pay, virtual accounts, currency conversion, and accounting integration. It emphasizes security, compliance, low fees, and instant settlement.

• Unique Features: Instant global payments, one platform for all financial operations, global reach supporting 170+ countries and 40+ currencies, guaranteed delivery, instant settlement, low fees, institutional-grade security, granular permissions, transaction monitoring, KYB/KYC, audit trails, easy integration with existing financial and accounting systems.
• Pricing: Mural offers competitive pricing with low transaction fees and no hidden costs. The platform provides a transparent fee structure, ensuring users know exactly what they are paying for. For detailed pricing, users are encouraged to request a demo on the Mural Demo Page.
• Testimonials: Users generally appreciate Mural for its efficiency and ease of use. One positive comment highlights, "Mural has streamlined our payment process and made onboarding new contractors a breeze." However, some users have noted areas for improvement, such as, "The initial setup can be a bit complex, but once configured, it works seamlessly." For more user feedback, visit the Mural Pay Reviews page.

3. Kontist

Kontist offers a comprehensive business banking solution for self-employed individuals in Germany. The service includes a business bank account, automated bookkeeping, and business tax returns, all managed through a single app.

• Unique Features: All-in-One App, Automatic Tax Calculation, AI-Supported Bookkeeping, Real-Time Bank Transfers, Mobile & Web Banking, Visa Business Debit Card, Apple Pay & Google Pay Integration, Invoicing Tool, Premium Account Benefits.
• Pricing: Kontist offers three pricing plans:
  • Free Plan: €0/month plus VAT, includes a free virtual Visa Debit card, mobile & web banking app, 10 free transactions per month, and the ability to create 2 invoices per month. Additional charges apply if the transaction volume is less than €300 (€2/month) or for transactions beyond the free limit (€0.15 per transaction).
  • Premium Plan: €9/month plus VAT, includes all Free plan features plus a physical Visa Debit card, automatic tax calculations, unlimited invoices, and integration with external bookkeeping tools.
  • Bookkeeping Plan: €29/month plus VAT, includes all Premium plan features plus unlimited free transactions, advance VAT return, business evaluation, and AI-supported bookkeeping.
• Testimonials: Users generally appreciate Kontist for its ease of use and comprehensive features. One positive comment states, "I have been with Kontist for over two years now. It is a very good service, any questions I have regarding taxes they answer quickly and professionally." However, some users have noted areas for improvement, such as, "The tax service is extremely overpriced and totally not recommended!" For more user feedback, visit the Trustpilot page.

4. Tide Bank

Tide offers a free business current account that can be opened in minutes. The account includes features like simple payment solutions, built-in accounting, and a dedicated savings account with 4.07% AER variable interest. It is designed to help business owners run their businesses more efficiently with no monthly fees and low transaction costs.

• Unique Features: £0/month fees, personalized invoicing, business savings with 4.07% AER variable interest, simple accounting integration, safe and secure with 24/7 account monitoring, 24/7 support via chat, payment links for easy online transactions, auto-categorization of income and spending, direct debit management, Apple/Google Pay setup, international payments with IBAN, CSV exports for transaction sharing.
• Pricing: Tide offers a free business current account with no monthly fees. Users only pay for what they use, with low transaction and ATM fees. Additional features like personalized invoicing and business savings with 4.07% AER variable interest are included at no extra cost.
• Testimonials: Users generally appreciate Tide for its quick and easy account setup process. One positive comment states, "A super fast track way of starting a business account in one day. Most other banks were 72 hours at best then 3-6 weeks (Nat West). I needed a fast account due to business. This service allowed that." However, some users have noted issues, such as, "Terrible experience. Paused our account without warning, after nearly two weeks of having no access to our money they emailed saying they are closing the account. This was bad enough but I understand they do not offer accounts to every business. Now they are withholding our money and will not pay out to the account provided (which they requested), support does reply fairly quickly but can not give any update on when we will have our own money back? We now can not pay suppliers, staff and rent. This is literally sending our business under." For more user feedback, visit the Trustpilot page.

5. Wise

Wise offers an international multi-currency account that allows users to send, receive, and manage money in multiple currencies with low fees and transparent exchange rates. The service is designed for both personal and business use, providing features like international money transfers, a debit card for global spending, and the ability to earn interest on balances.

• Unique Features: Manage money in over 40 currencies, save up to 5x on international transfers compared to traditional banks, debit card for spending and withdrawing cash in different currencies without foreign transaction fees, regulated by the Financial Conduct Authority (FCA), high Trustpilot score and large customer base, 2-factor authentication, dedicated fraud and security teams, earn a variable rate return on GBP balances, manage international business finances with ease.
• Pricing: Register for a Wise account: Free, sending money: Fee varies by currency starting from 0.29%, holding 40+ currencies: Free, receiving local payments (non-Swift / non-wire): Free, receiving USD wire and Swift payments: $6.11 USD, receiving CAD Swift payments: $10 CAD, receiving Swift payments in 21 currencies: Free (correspondent banks might charge fees).
• Testimonials: Users generally appreciate Wise for its ease of use, low fees, and quick transfers. One positive comment states, "You can set up and receive multiple currencies. I could use it as my card/debit card abroad. Easy for me to convert the USD funds I have to the currencies of the country I'm vacationing." However, some users have noted issues, such as, "Customer Support is the worst among all the products that I used, they're just incompetent. I used Wise for the past 3 years as Personal and Business Account." For more user feedback, visit the G2 Wise Business Reviews page.

6. 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. The platform offers real-time visibility and control over operational spend, reduces manual work, and speeds up month-end closing.

• Unique Features: Dedicated IBANs in multiple currencies, Visa debit and credit cards with proactive spend controls, automated receipt collection, real-time spend reports, fully digitized employee reimbursements and travel expenses with advanced approval flows, end-to-end software for purchase orders, invoice management, suppliers, approval workflows, and payments, market-leading integrations with ERP, accounting software, HRIS, and security tools, AI-powered data extraction, low-cost payments to suppliers or employees, multi-entity dashboard, customizable expense coding, adherence to international security standards and local regulations, dedicated onboarding, customer success manager, and multilingual support team.
• Pricing: Payhawk offers several pricing plans:
  • Premium Cards: Features include 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. Pricing details are available upon request.
  • All-In-One Spend: Combines Premium Cards features with additional functionalities like expense management, free domestic reimbursements, end-to-end invoice management, advanced approval workflows, budget tracking, and a dedicated customer success manager. Pricing details are available upon request.
  • Enterprise: Includes all features of the All-In-One Spend plan plus purchase orders with 3-way matching, multi-entity dashboard, enterprise accounting integrations, HR integrations, and SSO/SAML authentication. Pricing details are available upon request.
  • Growth Program: Available for small businesses with less than 50 employees registered in the EEA or UK/I, priced at £149 per month for 24 months.
• Testimonials: Users generally appreciate Payhawk for its ease of use and comprehensive features. One positive comment states, "This is a great payment platform for automated online billing. It has made our bookkeeping so much easier and reduced the administrative time required. It is great to have every single bill online and not having to dig in on files and drawers. Also, their support staff is always so prompt to help and their resolution times are ace! Thank you Payhawk!" However, some users have noted issues, such as, "Payhawk changed their business focus to larger customers and gave me ten business days' notice to close my account. It's just a terrible way to treat and end a relationship with a customer, after 2 years." For more user feedback, visit the Trustpilot page.

7. N26

N26 is a mobile banking service that offers a range of financial products and services through an intuitive app. It allows users to spend, save, and invest with ease.

• Unique Features: Virtual Mastercard, free ATM withdrawals, 24/7 chat support, innovative security features, instant savings, investment options, multiple account plans, mobile-first approach.
• Pricing: N26 Standard: €0.00/Month, N26 Smart: €4.90/Month, N26 You: €9.90/Month, N26 Metal: €16.90/Month.
• Testimonials: Users generally have mixed feelings about N26. One positive comment states, "Friendly and solution-oriented Service - and they found a solution. Great 🤩." However, a negative comment mentions, "I was quite happy with N26 a few years ago, but it went downhill. I have lost my phone and it is impossible to log in to my account, because the only 2 options are to confirm with my phone or with my phone number, which I both don't have anymore." For more user feedback, visit the Trustpilot page.

8. Currensea

Currensea is a travel debit card that links directly to your existing UK bank account, allowing you to save on foreign exchange fees when spending abroad. It offers real-time exchange rates, instant spend notifications, and various security features. The card is highly rated by users and provides different pricing plans to suit occasional and frequent travelers.

• Unique Features: Direct link to existing bank account, no hidden fees, real-time notifications, security features like Mastercard purchase protection and 2-factor authentication, environmental impact contributions, multiple pricing plans.
• Pricing:
  • Essential Plan: Free subscription, 0.5% FX rate, 0.5% FX rate on money transfers, 0.5% FX rate on ATM withdrawals (2% over £500/month), spend in all 180 currencies, advanced security features, free Mastercard Debit card delivery.
  • Premium Plan: £25/year, 0% FX rate, 0.5% FX rate on money transfers, fee-free ATM withdrawals (1% over £500/month), additional benefits like car hire perks and cashback on Booking.com.
  • Elite Plan: £120/year, 0% FX rate, 0.5% FX rate on money transfers, fee-free ATM withdrawals (1% over £750/month), luxury benefits including airport lounge access and travel concierge.
• Testimonials: Users generally appreciate Currensea for its ease of use and cost savings. One positive comment states, "I recently holidayed in Italy and found using Currensea a godsend, not having to fiddle around looking for euros, just had to 'flash the card' and it was done, so easy and very convenient." However, a negative comment mentions, "First time user of this type of card so was a bit sceptical of the claims made, but turns out that it does what is says and was excellent. Only one time the system did not work but we had some cash for the small amount of the payment (USD)." For more user feedback, visit the Trustpilot page.

9. Vivid Business

Vivid offers a comprehensive business account service tailored for companies and freelancers. It includes features like fast registration, German IBANs, instant transfers, and a suite of financial tools. The service is designed to help businesses thrive with benefits such as high-interest rates on positive balances, cashback on purchases, and seamless integration with accounting software.

• Unique Features: Free account with up to 30 DE IBANs, 5% p.a. interest rate on positive balance, cashback on every purchase with a free VISA card for every team member, SWIFT and SEPA instant transfers, integrations with accounting software like DATEV and sevDesk.
• Pricing:
  • Free Start: €0, free of charge at all times.
  • Basic: €7 monthly, excluding VAT, with a 2-month free trial.
  • Pro: €19 monthly, excluding VAT, with a 2-month free trial.
  • Enterprise: €79 monthly, excluding VAT, with a 2-month free trial.
  • Enterprise+: €249 monthly, excluding VAT, with a 2-month free trial.
• Testimonials: Users generally appreciate Vivid Business for its comprehensive features and ease of use. One positive comment states, "Great customer support, solved my issue immediately. My debit card was swallowed by an ATM, they reissued a new one free of charge." However, a negative comment mentions, "Vivid has terminated my account since October and they’re holding 6,700 Euros of my money! If you try to contact them they give the same copy-paste response for more than two weeks now, and my money is still stuck with them." For more user feedback, visit the Trustpilot page.

10. Brex

Brex is a financial technology company that provides a comprehensive suite of financial products and services for businesses. These include corporate credit cards, expense management, business banking, bill pay, and travel management. Brex leverages AI to automate financial processes, helping businesses control spend, automate busywork, and maximize their financial resources.

• Unique Features: AI-powered automation, global reach in 120+ countries, 4.24% yield on business accounts, real-time tracking, AI-powered expense assistant, auto-enforced controls for budgets and spend limits, high credit limits, ERP integrations, compliance with a 99% policy adherence rate, five-star mobile app.
• Pricing:
  • Essentials Plan: $0 per user per month, includes global card acceptance, AI-powered custom rules, up to two entities, accounting integrations, local currency wires, travel booking, real-time reporting, Brex API access, bill pay, and reimbursements.
  • Premium Plan: $12 per user per month, includes all Essentials features plus multiple customizable expense policies, dynamic expense review chains, AI-powered compliance audit detection, advanced approvals, multi-entity support, customizable ERP and HRIS integrations, VAT documentation, group travel, advanced travel rules, and live budgets.
  • Enterprise Plan: Custom pricing, includes all Premium features plus unlimited US or global entities, local card issuance, collections, reimbursements, policies, local language support, named account manager, admin center, and fully customizable implementation services.
  • Smart Card: Custom pricing, includes global cards accepted worldwide, local-currency cards in 50+ countries, merchant card controls, and custom approvals.
• Testimonials: Users generally appreciate Brex for its ease of use and comprehensive features. One positive comment states, "Brex is really easy to use, and covers all of our needs. We were previously at a bank that was very old fashioned with limited online services. We started using Brex just for our corporate cards, but found it so good that we moved all of our business banking over to their platform." However, a negative comment mentions, "Honestly, I don't love the travel assistant booking software. It's OK, but a salesforce can easily rack up $20 fees if they don't book travel correctly. I think it could use some work." For more user feedback, visit the G2 Brex Reviews page.

Which one should you go with?

In conclusion, while each platform offers unique features and benefits tailored to different business needs, OneSafe stands out for its exceptional customer support and comprehensive financial solutions. Whether you're a startup or an established business, OneSafe's seamless integration of fiat and cryptocurrency services, along with its user-friendly interface, makes it a compelling choice. Although other platforms like Mural, Kontist, and Brex also provide robust options, OneSafe's all-in-one approach and dedication to customer satisfaction make it our top recommendation for those seeking a reliable and versatile financial partner.