Exclusive: LCG back in business, FCA license restrictions removed

Exclusive: LCG back in business, FCA license restrictions removed

FNG Exclusive… FNG has learned that London based Retail FX and CFDs broker London Capital Group Ltd (or LCG, at website lcg.com) has restarted normal operations, after last month halting all onboarding of new clients, although existing clients were free to continue opening positions with LCG’s partner firms.

The halt in operations at LCG, alongside some restrictions in its FCA license, occurred in the aftermath of the forced bankruptcy of the company’s parent FlowBank in Switzerland.

We understand that on the day FlowBank entered administration (i.e. June…
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