Argentex is a UK-based foreign exchange service provider founded in 2011 by its current senior management and Pacific Investments (founded by Sir John Beckwith). It operates as a Riskless Principal broker for non-speculative spot and forward foreign exchange and structured financial derivative contracts.
The Group delivers tailored foreign exchange advisory and execution services to a global client base consisting principally of institutions, corporates and high net worth private individuals. It provides a personal client-led service, improved pricing and a more efficient execution and settlement service than existing FX service providers, such as banks and larger broker-dealers.
The business assists customers with foreign exchange transactions which are related to genuine underlying business needs. It does not engage in speculative trades for its clients, nor does it offer margin trading, spread betting, CFDs or similar products and it does not speculate with its own funds as principal.
Since the business commenced trading in 2012, it has experienced significant year-on-year growth in customers, transaction volumes and revenue. Argentex has been profitable in every financial year since incorporation. For the year ended 31 March 2019, Argentex reported revenues of £21.9 million and operating profit of £9.4 million.
Argentex has a rigorous risk management culture and robust compliance procedures. It is authorised and regulated by the FCA as an Electronic Money Institution and is an IFPRU €125k Investment Firm. Argentex only trades with Institutional Counterparties with robust balance sheets, high credit ratings and sound capital resources and performs rigorous KYC and AML checks prior to accepting new clients.
AGFX
Numis Securities Limited
Numis Securities Limited