We announced on 17 July 2025 that Argentex has suspended all client trading activity and agreed additional voluntary requirements as set out below.
On 18 July the Board of Argentex announced that it has resolved to appoint administrators to the company and certain other subsidiaries in the group.
A court application has been made to place Argentex LLP into special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021.
On 17 July 2025, Argentex reached an agreement with the Financial Conduct Authority (FCA), to implement the following additional voluntary requirements:
Under no circumstances should clients send any funds to Argentex, clients are also advised that at this time they will not be able to withdraw funds from Argentex, effective immediately.
The voluntary requirements were agreed in accordance with Argentex’s regulatory duties and in the best interests of clients and counterparties. We understand that this may cause concern, and we are working closely with our legal advisers, the FCA and other regulators, as well as other stakeholders to manage this process in an orderly and transparent manner in line with our regulatory and other legal duties.
If you have any urgent questions, please contact our client support team at [email protected]. If you are unable to email us, please call +44 20 3772 0314 (UK), 1300 845 906 (Australia), or +31 20 808 5646 (Netherlands).
More information can be found on the FCA register here:
https://register.fca.org.uk/s/firm?id=001b000003puIAiAAM#what-can-this-firm-do-restrictions
https://register.fca.org.uk/s/firm?id=001b000003Ua5cSAAR#what-can-this-firm-do-restrictions
With Argentex, businesses and financial institutions benefit from competitive rates, effective risk management and market leading technology. Client funds are safeguarded with Tier 1 banks to ensure that your money is in safe and capable hands.
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The only UK listed business that is an E-money and investment institution regulated to hold client money
5,500+
Argentex Group PLC is trusted by over 5,000 corporate and institutional clients since 2012
LN:AGFX
Argentex Group PLC is listed on the London Stock Exchange
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Argentex Pty Ltd.
Level 26, 1 Bligh Street
Sydney NSW 2000
Australia