IFX Payments
£3M Argentex Rescue Collapses as IFX Walks Away
- Backing out of the deal after the initial offer leaves the struggling FX broker’s shareholders empty-handed.
- The once £120 million-valued FX broker is facing total losses following the company's administration last month.
Thursday, 07/08/2025 | 07:21 GMT by
Damian Chmiel
IFX Payments May Terminate £3M Argentex Acquisition on Insolvency Grounds
- The company is considering withdrawing its takeover offer for the troubled FX broker after the target firm entered administration last week.
- The original deal involved escape clauses, and IFX is now consulting regulators about invoking them.
Monday, 21/07/2025 | 06:48 GMT by
Damian Chmiel
Forex Broker Nearly Collapsed Due to Dollar Crash, Competitor Acquires It for 4% of Value
- The high-risk strategy known as “zero-zero” lines proved disastrous for Argentex amid the sharp decline in the U.S. dollar.
- As a result, the company, which had a market cap of $69 million, was acquired to avoid collapse and valued at £3 million.
Monday, 28/04/2025 | 06:53 GMT by
Damian Chmiel
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