BOUND BY EXPERIENCE
Seth and Dan spent years building software that processed trillions of dollars for risk-management teams at large corporations.
At Bound we believe it’s time that all businesses have access to a better FX experience, with a modern, digital FX broker they can trust.
Sharks operating in FX have hidden behind opaque pricing and hidden fees and given the industry a bad reputation. Using transparent pricing, fixed fees, modern technology and an experience free from exchange rate trickery, Bound hopes to restore trust in FX.
We’re here to help businesses eliminate the headaches, the wasted time and the financial losses from FX, whether your business simply converts currencies or needs a complex hedging strategy.
BOUND BY TRUST
Your security is our priority
GDPR compliant and encrypted information storage
Money safegaurded at UK and EU Banks
Money for payments held in client money accounts
A client money account is a bank account which holds client funds in trust and separate from the account holder’s and the bank’s operational funds. In the event that the account holder or the bank becomes insolvent, money in the client money account is protected.
BOUND BY PROGRESS
What makes Bound different?
your bank or broker
Spot rates at 0.2% or lower.
0% deposit for most forward contracts.
Brokers make bonuses by hiding commission in your exchange rates.
Transparency should be standard.
High-tech, but not technical
94% of FTSE 500 companies hedge, while only 4% of UK SMEs hedge.
We’re bringing hedging to all businesses.
Bound helps simplify FX saving you both
time ⏰ & money 💰
BOUND BY EXPERIENCE
Hear why customers 💙 Bound
Frequently asked questions
Can’t find the answer you’re looking for? Reach out to our customer support team.
Is Bound regulated by the Financial Conduct Authority (FCA)?
Bound Rates Limited (FRN 953177) is an Appointed Representative of MJ Hudson Advisers Limited (FRN 692447) who is authorised and regulated by the Financial Conduct Authority to act as Principal Firm to Appointed Representatives. Our partners operate compliant client trust accounts. Our partners are PSD compliant and all clients' funds are held in segregated currency accounts. All outgoing payments and FX transactions can be traced up to delivery.
How does the payment process work?
Once you book a deal on Bound, the client trust bank account details will show and you will receive a trade confirmation email.
Simply remit funds via your usual banking method and once received, you will receive an email confirmation receipt.
Your converted funds will then be released on a same day payment to your instructed beneficiary and you will receive an onward payment confirmation email.
The status of your transaction on the platform will update throughout the process.
How much does Bound cost?
Creating an account and using the Bound platform is and always will be subscription free. We charge a small, transparent fee per trade. This fee is always visible to you when you request a quote.
Do I need to transfer money into Bound before I exchange?
No. You book your transaction on Bound and then follow the settlement instructions to pay.
FROM THE BLOG
reimagining commercial FX,
with customer experience
at the core.
Interested in how Bound can help your business?
Basics of spot trades,
forwards, and options
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