You might be eligible for compensation
Argentex LLP ("Argentex") has been authorised by UK regulators since 2017.
On 17 July 2025, Argentex stopped trading. On 21 July 2025, Argentex entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021. Daniel Conway, Anthony Wright and David Hudson of FRP Advisory Trading Limited were appointed as joint special administrators (“JSAs”).
Argentex provided electronic money and payment services (under FRN 900671), as well as wealth management services (under FRN 781077).
The FCA has published an update.
The JSAs also have an update, which can be viewed here.
Latest updates
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23 Jul, 2025
FSCS protection only applies to certain types of activity. This does not include electronic money and payment services.
FSCS protection may exist for eligible customers in relation to client money a firm holds as part of its wealth management services. FSCS is working with the JSAs to determine whether the Argentex customers who have client money with Argentex in connection with its wealth management services are eligible for this protection.
FSCS will not be open to customer claims right now, but we will be investigating whether any claims are possible and how best to deal with these. As part of this investigation, we will be working closely with the JSAs and the FCA.
The latest news regarding our work on Argentex will appear on this page. We will update this page as our investigations progress. Customers should subscribe to this page to receive the latest updates.
Please be alert to scams. FSCS will never ask for payment to make a claim or receive compensation – our service is free. If you receive any suspicious contact please reach out to us directly using the details found on our contact us page.