Information Letter to the clients of LCG Capital Markets Limited (a.k.a. “FlowBroker”)

LCG Capital Markets Limited (additional trade name “FlowBroker”) is wholly owned by FlowBank SA, a Swiss Regulated entity until June 13, 2024. On that date, the Swiss Financial Market Supervisory Authority (FINMA) opened bankruptcy proceedings against FlowBank SA. FINMA appointed Walder Wyss SA, succursale de Genève, 14 rue du Rhône, P.O Box, 1211 Geneva 3 as bankruptcy liquidators (the Liquidators). The place of jurisdiction for the bankruptcy is FlowBank SA head office in Geneva. This has effectively stopped FlowBank SA operations.

LCG Capital Markets Limited maintains funds with accounts at FlowBank SA. Due to significant agreements between LCG Capital Markets Limited and FlowBank SA, the appointment of the Liquidators has currently made it impossible for LCG Capital Markets Limited to carry out its operations.

We draw reference to section 25 of our Terms and Conditions, which provides as follows:

FORCE MAJEURE EVENTS We may, in our reasonable opinion, determine that an emergency or an exceptional market condition exists which may prevent us from performing any or all of our obligations (a Force Majeure Event). Following the occurrence of a Force Majeure Event, we will inform BHS (ourselves) and take reasonable steps to inform you.

Force Majeure Events includes the following events: (i) any act, event or occurrence (including any strike, riot or civil commotion, industrial action, acts and regulations of any governmental or supra national bodies or authorities) that, in our reasonable opinion, prevents us from maintaining an orderly market in one or more of the indices/markets in respect of which we ordinarily accept transactions;

At the time of this writing, LCG Capital Markets Limited has engaged the Liquidators. We will update you as more information becomes available to us. For any additional inquiries, clients can continue to contact Customer Support at Email: customerservices.bhs@lcg.com.

We sincerely apologize for the inconvenience this has caused.

CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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CFD trading is high risk and may not be suitable for everyone.
22 May 2020
By Alexandra Sabolova
LCG announces upcoming trading webinars

London, May 25, 2020: As a part of its increased coverage on market volatility, the LCG (LCG) is pleased to announce the following complimentary webinars for traders at all knowledge levels for May and June 2020:

  • Supermarket Share Trading

  • Trade Tesla & Auto Shares

  • Trade the Fitness industry

  • 7 Tips For Trading At Home

  • Beer Industry Trading

  • Trade Fintech Shares

  • Trading “Defensive Shares

  • Direct FX Intervention

  • Breakout Trading Strategy

  • 5 Steps to Trading Discipline

  • Trading a Falling Market

 

In addition, LCG recently launched a newsletter campaign which helps traders to master risk management techniques via live events and expert analysis on market movements as well as quick updates on social media to reflect the current market opportunities.

”Market volatility is far from a given and many traders get caught offside by not adjusting quickly enough. Having a trading strategy that can adapt parameters like profit targets and stop losses is paramount,” explains Jasper Lawler, the Head of Research and Education at the LCG (LCG).

According to Lawler, following the latest economic events is important to a trader at any level. It helps to understand how a specific asset will perform over the coming day and allows to adjust the strategy accordingly. Technical analysis is also central to developing an idea of how a given asset may move.

LCG is seeing an increased interest from people wanting to take advantage of volatile markets. The number of those looking for information on mobile devices related to daily affairs analysis, trading psychology and strategy have risen by 25 % and traders now lean more on their risk knowledge.

LCG offers trading to its clients on the trading platform LCG Trader or the popular MT4 platform. New traders have the opportunity to learn about intermediate and advanced timing techniques and test drive the markets with a demo trading account. Trading Education by LCG is suitable for anyone who has a keen interest in learning more about trading the financial markets, including forex, stocks and crypto trading.

Sign up for the webinars under https://webinars.lcg.com/

About LCG
The LCG (LCG) is a global business, based in London with more than two decades of experience in online trading. With a powerful multi-asset class platform, industry-leading spreads and world-class market analysts, the company has grown to become the financial trading provider of choice for serious traders. Clients enjoy a diverse choice of products and can trade CFDs and spread bet on forex, indices, shares and commodities using the company’s intelligent LCG Trader platform. Price improvement technology and a world-class charting package deliver an unrivalled trading experience while advanced mobile apps allow clients to trade on the go with a single tap. LCG is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA).

Contacts
LCG (LCG)

Head of Research and Education
Contact: Jasper Lawler
E-mail: jasper.lawler@lcg.com

Corporate Communications/Spokesperson
Contact: Alexandra Sabolova
E-mail: alexandra.sabolova@lcg.com