Exclusive: LCG sees positive cash flow in H2-2024, to report annual profit
LCG moved to an Introducer model under new managers Dave Worsfold and Matt Basi in 2023.
LCG moved to an Introducer model under new managers Dave Worsfold and Matt Basi in 2023.
LCG decided to become an introducing broker under new managers Dave Worsfold and Matt Basi.
The LCG board reports that the Introducing Broker business has accelerated during 2024, and will allow LCG to show a profit for H2 2024.
Walder Wyss is still seeking a potential buyer for London Capital Group (LCG).
FNG Exclusive… FNG has learned that the liquidators of bankrupt Swiss neobroker FlowBank have issued an updated circular to creditors, […]
The halt in operations at LCG last month occurred in the aftermath of the bankruptcy of the company’s parent FlowBank in Switzerland.
The appointment of the Liquidators has currently made it impossible for LCG Capital Markets Limited to carry out its operations.
LCG is owned by Switzerland based neobroker / neobank FlowBank SA, which is now in bankruptcy and liquidation.