Kristina Kicks and Ed Boyle were appointed Joint Administrators of Rational Foreign Exchange Limited – in Special Administration (the ‘Company’) on 29 November 2023.
28/11/24 - Distribution Plan Update
The Joint Special Administrators’ preparation of the distribution plan setting out details for the return of safeguarded funds to eligible customers includes liaising with the FCA, the creditors’/ customers’ committee as well as requiring an application to Court for approval. Please note that these steps are currently in their closing stages and further communications will be provided to you directly and via our portal when available.
We continue with every effort to make the distribution to eligible customers as soon as possible.
*Please note, for those still awaiting confirmation on the eligibility of their claim against safeguarded funds, please expect to receive additional communications from the Joint Special Administrators’ via email
The Joint Special Administrators’ team can be contacted by emailing RationalFX@interpathadvisory.com or calling +442033074201.
Notice regarding IbanFirst
The Joint Special Administrators have entered into a profit sharing agreement with Ibanfirst whereby the Special Administration will receive a proportion of profit from certain former RFXL customers who enter foreign exchange transactions with Ibanfirst. This is consistent with the Joint Special Administrators’ duties to maximise realisations for the benefit of customers and creditors and has been conducted in accordance with GDPR.
Ibanfirst is contacting the relevant customers to invite them to become new customers. The Joint Special Administrators have not shared customer information with any other company. If you are contacted by another company, please be alert to scams and report them to the FCA if appropriate via the following link: Report a scam | FCA.
Being Alert to Scams
All customers should remain alert to the possibility of fraud. If you are cold called by someone claiming to be from Rational FX, Xendpay, Interpath Advisory or the FCA, please end the call and call them back using the number above.
More information about this can be found on the FCA website at https://www.fca.org.uk/consumers/protect-yourself-scams.