While SFOX provides a trading platform for institutional investors, its non-public pricing and some user-reported issues with customer support and withdrawals can lead traders to seek alternatives. This article will cover what SFOX is, the reasons you might look for another solution, and other options to consider for your specific banking and global payment needs.
What is SFOX?
Founded in 2014, SFOX is a cryptocurrency prime dealer and trading platform built for institutional investors and professional traders. The platform provides access to deep liquidity from over 30 global sources through features like smart order routing and an integrated order book.
As a U.S.-based and FinCEN regulated company, SFOX prioritizes security with strong KYC/AML processes and regular audits. However, the company does not publicly disclose its pricing, requiring potential clients to contact them directly for fee information.
What to Consider When Selecting a SFOX Alternative?
When searching for a platform to replace SFOX, it's helpful to evaluate alternatives based on a few key characteristics:
- Pricing Transparency: Look for platforms with clear, upfront fee structures to avoid unexpected costs.
- Fiat and Crypto Functionality: Consider services that offer easy conversion between traditional currencies and stablecoins for payroll and expense management.
- Customer Support Quality: Evaluate the responsiveness and reliability of customer service, as this is vital for resolving financial issues quickly.
- International Capabilities: Assess the platform's ability to handle global payments and manage multiple currencies if your business operates across borders.
- Integrated Financial Tools: Check for built-in features like expense management, corporate cards, and accounting software integrations to streamline your operations.
If these factors resonate with your business needs, explore the alternatives we've gathered in the next section.
10 Best Alternatives to SFOX
1. OneSafe
OneSafe is a finance platform built to streamline banking for businesses, particularly those operating in the Web3 and crypto sectors. We offer the tools for straightforward fund management, fast payments, and access to both traditional and digital assets.
Our platform enables direct 1:1 conversions between USD and USDC on Polygon, simplifying payroll and expense management for global teams. We also provide end-to-end expense management, rapid account setup, and responsive customer support tailored for the digital asset space.
Pricing
We believe in transparent pricing with no hidden surprises. Here’s a look at our fee structure at a glance:
- Free General Services: We charge nothing for account opening, maintenance, monthly subscriptions, or card issuance, and there's no minimum balance required.
- Starting at 0.1% Domestic Payments: This low rate covers US domestic ACH and wires, with a flat $25 fee for Fedwire transfers.
- Starting at 0.2% Global Payments: This includes SEPA payments (EUR) and international wires, with a standard $50 SWIFT fee for the latter.
- 0.1% Digital Asset Transactions: For USDT transactions and direct fiat-to-crypto conversions, you get market rates without hidden charges.
- 3% Foreign Exchange Fee: This rate applies to all non-USD spending on our corporate cards.
Reviews
Our clients often tell us how much they appreciate our responsive customer support and our platform's ability to solve the complex financial headaches that modern companies face. We provide a banking solution that understands the specific needs of businesses operating in the digital age.
- Amit Chu, Investments @ Celo Foundation: “OneSafe has the best customer support I've ever experienced from a bank.”
- Marco, CEO of Ensuro: “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.”
Want to learn more? Check us out here.
2. MuralPay
MuralPay is a financial technology company that works to make international transactions fast, scalable, and secure. The company aims to address challenges from outdated financial infrastructure and the large number of unbanked individuals, with a focus on the Americas.
Its platform and API are powered by stablecoins for pay-ins, payouts, invoicing, virtual accounts, and compliance. MuralPay provides instant global payments, multi-currency invoicing, batch payments, and real-time currency conversion.
Pricing
MuralPay does not publicly disclose its pricing details on its website. For specific fee information tailored to business needs, potential users must contact the company directly, though a free demo is offered to explore the platform.
Reviews
User feedback highlights several areas for improvement, including occasional transaction processing issues, a complex interface on smaller devices, the platform's cost for large teams, and limited offline access. Check out more MuralPay reviews here.
3. Kontist
Kontist is a German financial service provider offering business banking solutions tailored for freelancers and self-employed individuals. The company provides a business account with a German IBAN and a physical Visa debit card, with various plans available.
The platform includes automatic tax estimation and real-time tax calculation. These functions allow users to set aside funds for tax payments directly within their account to assist with financial management.
Pricing
Here is a glance at their pricing structure:
- Free Business Account: Includes a German IBAN, a physical Visa debit card, and real-time tax estimation.
- €11 per month + VAT Start Plan: Adds subaccounts and 30 SEPA transfers.
- €25 per month + VAT Plus Plan: Includes VAT return and business evaluation.
Reviews
User feedback points to several areas of concern, including high fees, limitations on free transactions, and issues with customer service responsiveness. Check out more Kontist reviews here.
4. Tide Bank
Tide is a UK-based financial technology company established in 2015, offering mobile-first banking services for small and medium-sized enterprises. The company provides current accounts, automated bookkeeping, integrated invoicing, and integration with accounting software.
Businesses can open an account in minutes through the Tide app, which also includes built-in accounting and tax tools. The service provides options for cash deposits at UK Post Office or PayPoint locations, expense cards for team spending, and the ability to process international payments.
Pricing
Here's their pricing at a glance:
- No monthly fee Free Plan: Charges include 20p per UK transfer and £1 per ATM withdrawal. Cash deposits at the Post Office have a 0.99% fee, with a minimum of £2.50.
- £12.49 + VAT per month Smart Plan: Includes 25 free UK transfers, one free expense card, and priority in-app support. Foreign currency card transactions are subject to a 2.75% FX fee.
- £24.99 + VAT per month Pro Plan: Offers unlimited free UK transfers, two free expense cards, and 24/7 phone and legal support. Foreign currency card transactions are not subject to an FX fee.
- £69.99 + VAT per month Max Plan: Provides unlimited free UK transfers, three free expense cards, and a dedicated account manager. Foreign currency card transactions are not subject to an FX fee.
Reviews
User feedback indicates some common issues, including customer support delays, payment processing problems, and difficulties with account access or ID verification. Check out more Tide Bank reviews here.
5. Wise
Wise, formerly TransferWise, is a UK-based financial technology company founded in 2011 that specializes in international money transfers. The company processes transactions using the mid-market exchange rate, aiming for a transparent fee structure without hidden charges.
The platform offers a multi-currency account to hold and manage funds in over 40 currencies, along with a debit card for global spending. Wise operates on a pay-as-you-go model with no monthly fees, charging for services like sending money, ATM withdrawals over a certain limit, and a one-time setup for business accounts.
Pricing
Wise operates on a pay-as-you-go model with no monthly fees, charging for services such as sending money, ATM withdrawals over a set limit, and a one-time setup for business accounts. Fees for sending money start at 0.57%, the multi-currency card has a one-time fee of $9, and the business account setup costs $31.
Reviews
User feedback indicates some common issues, including account freezes or closures and unresponsive customer support. Check out more Wise reviews here.
6. Payhawk
Payhawk is a spend management platform that combines corporate cards, expense management, accounts payable, and procurement into a single system. This integration gives businesses visibility and control over company spending through real-time tracking and reporting.
The platform provides multi-currency Visa cards, automated receipt collection, and AI-powered data extraction in over 65 languages. It also includes features such as advanced approval workflows, integrations with various accounting systems, and multi-entity management for companies with multiple subsidiaries.
Pricing
Payhawk does not make its pricing structure public on its website. To receive pricing information, businesses are required to schedule a personalized demo with the company.
Reviews
User feedback indicates some challenges with the initial setup process, mobile app synchronization, and the need for clearer explanations in some administrative areas. Check out more Payhawk reviews here.
7. N26
N26 is a German financial technology company founded in 2013 that delivers a fully mobile banking experience. The company provides services including transaction accounts, debit cards, overdrafts, and investment products.
Its platform operates through a mobile app that offers real-time banking and tools for managing spending and savings. Account holders can access a virtual Mastercard for online and mobile payments, create sub-accounts, and obtain travel insurance depending on their selected plan.
Pricing
Here's their pricing at a glance:
- Free N26 Standard: This account has no maintenance fees and includes a virtual Mastercard for online and mobile payments.
- €4.90 per month N26 Smart: This plan provides tools for spending and saving, including up to 10 sub-accounts.
- €9.90 per month N26 Go: This account is designed for travel, offering free ATM withdrawals abroad and travel insurance.
- €16.90 per month N26 Metal: This premium plan includes a metal card, travel insurance, and priority customer support.
Reviews
User feedback points to several areas of concern, including slow response times, unhelpful replies from customer support, and difficulties making contact with agents. Additionally, some users have reported account closures without clear explanations and issues with frozen funds. Check out more N26 reviews here.
8. Currensea
Currensea is a UK-based financial technology company that provides a travel debit card. The card is designed to offer an alternative to the foreign exchange fees charged by traditional high-street banks.
It links directly to a user's existing UK bank account, which means funds do not need to be topped up or transferred before use. The service includes real-time exchange rates and sends immediate notifications for each transaction.
Pricing
Here's their pricing at a glance:
- Free Essential: This plan includes real-time exchange rates and a £500 monthly card spend at the real-time rate, after which a 1% fee applies. ATM withdrawals are fee-free up to £200 per month, with a 2% fee thereafter. A one-time card delivery fee of £4.95 is charged.
- £39.95 annually Pro: This plan offers all Essential features plus market-leading exchange rates, unlimited fee-free card spending, and £500 fee-free ATM withdrawals per month.
- £150 annually Elite: This plan includes all Pro features with higher fee-free ATM withdrawals of £750 per month.
Reviews
Common topics in user reviews include the card's general usability, transaction notifications, and exchange rates. Some feedback mentions issues with card acceptance in certain locations and concerns about customer support responsiveness. Check out more Currensea reviews here.
9. Vivid Business
Vivid Business is a financial platform that offers services for business and freelance accounts. The company provides features such as multiple German IBANs, virtual and physical cards, and investment opportunities.
The platform includes interest-bearing accounts with rates that vary by plan, alongside cashback programs. It also supports team access and management, with different tiers available depending on the subscription level.
Pricing
Here's their pricing at a glance:
- €0/month Free Start: This plan includes 12 accounts, 1 team member, and an interest rate of 4% p.a. for the first 4 months, which then becomes 0.1% p.a.
- €7/month Basic: This plan includes 15 accounts, 15 team members, and an interest rate of 4% p.a. for the first 4 months, which then becomes 0.5% p.a.
- €19/month Pro: This plan includes 20 accounts, 30 team members, and an interest rate of 4% p.a. for the first 4 months, which then becomes 1.3% p.a.
Reviews
User feedback frequently addresses topics like the app's usability and the speed of transfers. However, some users have reported issues such as accounts being frozen or funds being held without clear explanation. Check out more Vivid Business reviews here.
10. Brex
Brex is a financial technology company founded in 2017 that offers a suite of financial services for startups, mid-sized companies, and global enterprises. The platform integrates corporate credit cards, expense management, travel booking, bill pay, and business accounts into a unified system.
It provides AI-powered custom rules, real-time reporting, and integrations with accounting software. These functions are designed to give businesses control and efficiency in managing their finances.
Pricing
Here's their pricing at a glance:
- Free Essentials: This plan includes global card acceptance, AI-powered custom rules, accounting integrations, local currency wires, travel booking, real-time reporting, Brex API access, bill pay, and reimbursements.
- $12 per user per month Premium: This tier 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.
- Custom Enterprise: For global enterprises with custom needs, this plan offers all Premium features along with unlimited US or global entities, local card issuance, a named account manager, and fully customizable implementation services. Pricing is customized based on specific requirements.
Reviews
User feedback indicates issues with customer service, such as unresponsiveness and difficulty resolving queries, along with some challenges in receipt syncing and expense categorization. Check out more Brex reviews here.
Which One Should You Go With?
Choosing the right financial platform depends on your unique business needs, and any of the alternatives listed can be a great fit. If you're a modern business looking for a reliable solution for global payments and digital asset management, we recommend giving OneSafe a look. Sign up for OneSafe today to see how we can simplify your financial operations.
