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Retail FX

FlowBank Reimburses 91% of Deposits, Manages CHF 360 Million in Assets

  • 2,609 customers still need to claim their deposits in the liquidation process.
  • The decommissioning of IT infrastructure is expected to be completed by mid-2025.
Tuesday, 17/12/2024 | 13:46 GMT by Tareq Sikder
Retail FX

FlowBank Liquidation: Clients Advised to Act Before November Deadline

  • Securities will reportedly be sold at market value, and the liquidators have advised clients to conduct transactions during active market hours.
  • Manual transfers will be suspended for two weeks to streamline the liquidation process for all clients.
Friday, 18/10/2024 | 19:17 GMT by Jared Kirui
Brokers

LCG UK Increases Revenue, but Net Loss Deepens by 30% in 2022

  • London Capital Group Limited is part of the currently troubled FlowBank.
  • However, the company's board is taking actions to ensure profitability in 2024.
Wednesday, 11/09/2024 | 07:25 GMT by Damian Chmiel
Retail FX

LCG’s FCA-Regulated Entity Is Up for Sale

  • The liquidators of FlowBank revealed their intentions to sell the 100 percent stake in LCG UK.
  • Meanwhile, they are planning to discontinue the operations of LCG’s Bahamas entity.
Thursday, 29/08/2024 | 07:08 GMT by Arnab Shome
Retail FX

FCA Removes Restrictions from FlowBank-Owned LCG's UK Licence

  • The introducing broker can now continue to onboard clients and accept funds.
  • However, the operations of Bahamas-regulated LCG remain ceased.
Thursday, 18/07/2024 | 07:20 GMT by Arnab Shome
Retail FX

LCG’s Bahamas Entity Ceased Operations Citing FlowBank’s Bankruptcy

  • The broker maintained funds with accounts at FlowBank.
  • It is now considering that “an emergency or an exceptional market condition exists.”
Monday, 08/07/2024 | 07:50 GMT by Arnab Shome
Retail FX

FCA Restricts FlowBank-Owned LCG from Onboarding New Clients

  • The UK unit of LCG cannot onboard clients or accept new client money.
  • The company also urged its “legacy clients” to withdraw their funds.
Tuesday, 25/06/2024 | 06:54 GMT by Arnab Shome
Retail FX

FlowBank’s Shareholder Says FINMA’s Decision “Violated Its Rights”

  • The Swiss regulator initiated bankruptcy proceedings against the online broker on 13 June.
  • The shareholder is now considering taking “all necessary procedures.”
Monday, 24/06/2024 | 07:18 GMT by Arnab Shome
Retail FX

Dukascopy Opens Doors for FlowBank Clients with 50% CashBack Offer

  • Clients get a lifetime 50% CashBack on commissions by notifying their manager.
  • Earlier, FlowBank declared bankruptcy following the revocation of its licenses by FINMA.
Thursday, 20/06/2024 | 13:16 GMT by Tareq Sikder
Retail FX

FlowBank Enters Bankruptcy Proceedings Following FINMA Decision

  • Clients with Swiss account deposits will receive up to CHF 100,000 in reimbursement.
  • All contracts including financial agreements, are terminated immediately.
Thursday, 13/06/2024 | 13:13 GMT by Tareq Sikder
Regulation

Regulator's Three-Year Concerns Lead to This Trading Firm's Bankruptcy Proceedings

  • FINMA has initiated bankruptcy proceedings against FlowBank, a Swiss online broker.
  • The bank failed to maintain minimum capital requirements and potential over-indebtedness
Thursday, 13/06/2024 | 08:29 GMT by Damian Chmiel
Thought Leaders

FlowBank Delivers the Best Trading Conditions on over 50,000 Financial Products

  • FlowBank positions itself as a serious industry player, providing exceptional service.
Tuesday, 28/02/2023 | 11:36 GMT by FM
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