This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
Argentex Review
Argentex collapsed in July 2025 after a liquidity crisis. The FCA regulated FX firm is now in special administration and is not open to new clients.
Min Deposit
N/A
Spreads From
Not applicable
Max Leverage
Not applicable
Platforms
N/A
Pros
- Was directly authorised by the FCA for investment and e money activity
- Served around 2,000 corporate clients before its 2025 collapse
- Client funds were required to sit in segregated safeguarding accounts
- Wind down is run by FRP Advisory, a well known UK insolvency firm
Cons
- Stopped all client trading and entered special administration in July 2025
- Payment service client funds are not protected by the FSCS scheme
- A planned rescue by IFX Payments collapsed weeks after the failure
- No confirmed timeline exists yet for returning client money
Argentex was a London currency risk firm that grew from a 2011 launch into an AIM listed group with about 2,000 corporate clients. In mid 2025, sharp US dollar moves pushed the margin it had to post with banks up faster than its capital could cover, and the FCA stepped in during late June.
Argentex LLP stopped client trading on 17 July 2025 and entered special administration on 21 July, with FRP Advisory appointed to wind it down. Days later its listed parent, Argentex Group PLC, also entered administration, shares suspended. A planned 3 million pound rescue by IFX Payments collapsed on 7 August once insolvency was triggered.
Argentex no longer accepts clients, trades, or funds. Client money was meant to sit in segregated accounts, but payment funds are not covered by the FSCS, and admin costs reduce what comes back. Former clients should deal only with the Joint Special Administrators at FRP Advisory, and treat any other party claiming to continue Argentex as unrelated.
Max Leverage
Not applicable
Spreads From
Not applicable
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
