Don't just trust one side of the story! Here's what our partners have said about us.
“With Bound, I know I am getting a price that is typically reserved for big companies.”
Mirko Del Prete CEO, Aster Cucine
“The travel industry is rife with currency risk due to having so many payments going out around the world. Bound makes that risk easy to manage for companies of our size. It’s affordable, easy to set up and totally free of all finance jargon.”
Stefan Cars CEO, Snowfall Travel
"Using Bound has been great - the user experience is far smoother and quicker than traditional FX brokers and the transparency on fees is incredibly refreshing"
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?
When you book a conversion on Bound, settlement instructions will be provided on the platform 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 and you will receive a payment confirmation email. The status of your transaction on the platform will update throughout the process.
How does Bound make money?
Creating an account and using the Bound platform is 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 before I exchange?
No. Once your account is open you can transact by following the payment instructions provided to you.
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Copyright @ 2022 Bound Rates (Bound Rates Limited) is a limited company registered in England & Wales under number 13036275 with registered offices at 16 Great Chapel Street, London W1F 8FL
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. Regarding virtual accounts and in relation to all currency transactions with a Currency Cloud entity, Payment services for Bound Rates Limited are provided in their respective jurisdictions by: CurrencyCloud B.V. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 1001