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/10

Kantox

United Kingdom|5-10 years|
Payment License|Suspicious Overrun|High potential risk|

https://www.kantox.com/en

Website

Rating Index

Influence

Influence

B

Influence index NO.1

Colombia 3.38

Surpassed 10.30% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 (0) 203 608 6984
contact@kantox.com
https://www.kantox.com/en
Torre Mapfre, Planta 22 Marina, 16-18 08005, Barcelona Spain

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 (0) 203 608 6984

English

+34 935 679 834

English

+39 02 947 55 223

Broker Information

More

Company Name

Kantox Limited

Company Abbreviation

Kantox

Platform registered country and region

United Kingdom

Company website
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Linkedin

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WikiFX Risk Alerts 3
Previous Detection : 2024-06-23
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 580343)Payment services Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Kantox · WikiFX Survey
Danger A Visit to Kantox in UK -- Finding No Office
United Kingdom

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Kantox · Company Summary

Kantox Review Summary in 6 Points
Founded 2011
Registered Country/Region United Kingdom
Regulation FCA (Exceeded)
Services Currency management automation
Demo Account Available
Customer Support Address, phone, email, Contact us form, social media

What is Kantox?

Kantox, a firm based in the United Kingdom with branches in Spain and Italy, has carved out a niche for itself in currency management automation of foreign exchange solutions including dynamic pricing, dynamic hedging, and payment & collections. This versatility extends to a broad spectrum of industries such as travel, ad tech, food, chemicals, mechanical engineering, pharmaceuticals, logistics, and fintech. At present, it only holds an exceeded FCA license.

Kantox's homepage

In our upcoming article, we will present a comprehensive and well-structured evaluation of the company's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the company for a clear understanding.

Pros & Cons

Pros Cons
• Rich educational resources • Exceeded FCA license
• Demo account available
• Involves in multiple industries

Pros:

  • Rich Educational Resources: The broker provides extensive educational resources to its users. These include white papers, detailed reports, case studies, demos, webinars, podcasts, and a glossary. These resources are designed to ensure users have a profound understanding of industry terms and practices.

  • Demo Account Available: The broker provides the option for interested clients to set up a demo account. This allows individuals to acquaint themselves with the platform and services before committing to a live account.

  • Multiple Industry Involvement: The broker's services are not limited to one industry. They offer solutions tailored to various sectors including travel, ad tech, food, chemicals, mechanical engineering, pharmaceuticals, logistics, and fintech.

Cons:

Exceeded FCA license: Currently, the broker operates with an exceeded FCA license. This lack of valid regulation can raise questions about its commitment to ethical trading practices and the protection of its clients.

Is Kantox Safe or Scam?

When considering the safety of a brokerage like Kantox or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company:

  • Regulatory sight: Kantox's exceeded Financial Conduct Authority (FCA, No. 580343) license prompts questions about its legitimacy and credibility.

exceeded FCA license
  • User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the company's operations.

  • Security measures: Kantox places significant emphasis on security, implementing a comprehensive privacy policy which robustly safeguards user data, ensuring the protection of personal information at all times.

Ultimately, the decision to trade with Kantox lies with the individual. It's recommended that one meticulously weighs the potential risks against the projected benefits prior to initiating any actual trading transactions.

Services

Kantox provides automated currency management and foreign exchange solutions that are tailored to the specific needs of various industries.

Their dynamic pricing services provide businesses with the ability to adapt their pricing strategies based on market fluctuations. This ensures that businesses are always competitive yet profitable in their pricing.

dynamic pricing

Dynamic hedging, another service by Kantox, mitigates the risks associated with foreign currency fluctuations. By automatically hedging their foreign exchange exposure, businesses can protect themselves from sudden adverse movements in exchange rates.

Dynamic hedging

With the payment and collections solutions provided by Kantox, businesses are able to automate and streamline their transactions, resulting in more efficient, reliable, and transparent financial processes for collections and mass payments. Companies using this solution also have the ability to receive faster payments from customers, improving their cash flow.

payment and collections solutions

Kantox's services are applicable across numerous industry sectors including Travel, AdTech, Food, Chemicals, Mechanical Engineering, Pharmaceuticals, Logistics, and Fintech.

services
services

Accounts

While the company does provide the option for a demo account, allowing potential clients to familiarize themselves with their currency management platform, specific information about the live account is currently not readily accessible. You should reach out directly to the company for further clarification and details related to live accounts.

How to Open an Account?

Step 1: Visit the Kantox website and click the “Book a demo” button located on the homepage.

click the Book a demo“ button

Step 2: Fill out the relevant information and complete the sign-up process.

fill in required info

Step 3: You will also be required to submit identification documents for verification according to KYC (Know Your Customer) regulations.

Step 4: Once the broker has verified your details, you'll be able to deposit funds and start trading.

Customer Service

Kantox provides a plethora of customer support options such as physical addresses, phone, email, an online 'Contact Us' form, and extensive presence across various social media platforms such as Twitter, LinkedIn and Facebook.

Spain:

  • Address: Torre Mapfre, Planta 22 Marina, 16-18 08005, Barcelona Spain.

  • Phone: (+34) 935 679 834.

Phone/ WhatsApp: +852 3568 6834.

UK:

  • Address: 8 Devonshire Square, Wework, London, EC2M 4PL United Kingdom.

  • Phone: (+44) (0) 203 608 6984.

Italy: (+39) 02 947 55 223.

Email: contact@kantox.com.

contact details
contact details

Education

The broker's commitment to education is evident in their range of resource offerings. White papers serve as a tool to delve into complex industry topics, providing extensive investigations and explanations. Their detailed reports act as guides to outline market trends and industry patterns. The case studies offer real-world examples of trading scenarios, offering a practical outlook on theoretical content. The broker further deepens the learning experience with demos that allow users to observe and understand real-time trading on their platform.

Education

The broker also hosts webinars and podcasts, forming an interactive space for users to learn from industry professionals and gather insights.

podcast

Lastly, an extensive glossary provides definitions and meanings, ensuring users fully comprehend industry jargon.

glossary

Conclusion

Kantox, rooted in the United Kingdom and extending its branches to Italy and Spain, is primarily engaged in providing automated currency management and foreign exchange solutions encompassing dynamic pricing, dynamic hedging, and payment & collections. However, the absence of valid regulatory oversight in its current operations is concerning and potentially flags some risks.

Consequently, trader discretion is a must, or alternatively, there should be considerations of you for other brokers who exhibit a strong adherence to regulatory transparency, compliance, and professional conduct.

Frequently Asked Questions (FAQs)

Q 1: Is Kantox regulated?
A 1: No. it‘s been confirmed that the company currently operates under no valid regulations.
Q 2: Is Kantox a good financial company for beginners?
A 2: No, it’s not a good financial company for beginners because its not well regulated by any recognized authorities.
Q 3: Does Kantox offer a demo account?
A 3: Yes.
Q 4: What kind of products and services does Kantox offer?
A 4: Kantox offers currency management automation of foreign exchange solutions including dynamic pricing, dynamic hedging, and payment & collections to traders.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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Depending on the asset or portfolio of assets being hedged, there are a variety of effective hedging options for reducing market risk. Portfolio creation, options, and volatility indicators are three of the most popular. Goals, pricing, and exposure are the three main components of FX hedging schemes. To do so, we'll take a leaf from geography and use the cliff notion to better understand the nature of hedging strategies.

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Jordan17288
more than one year
I appreciate the services provided by Kantox, but there's one aspect that has been a consistent frustration for me – withdrawals. While I can conveniently deposit funds using my Visa card, it's puzzling why the same process is restricted for withdrawals. I've attempted this several times, only to be informed that my Visa card has supposedly expired, prompting me to opt for bank transfers instead. It raises the question: if my card is valid for deposits, why does it mysteriously expire when it comes to withdrawals? It's a perplexing inconsistency that needs attention.
2023-12-28 18:32
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