London Capital Undergoes Restructuring - New Dedicated Website for MT4
Wednesday,11/02/2015|22:48GMTby
Adil Siddiqui
UK-based brokerage firm LCG has devised a new dedicated website for its MetaTrader 4 business. The new portal replaces the firm’s signature FX offering as Forex Magnates reports the closure of its prime-of-prime unit.
One of the UK’s major forex, CFD and financial spread betting providers, LCG continues to restructure its business. Following on from personnel changes in its institutional forex division, such as the departure of former Head of FX Gavin Foster, the London-based provider has closed its prime brokerage unit according to people close to the matter.
Forex Magnates reported last week that the firm was reviewing its business and further research shows that the main institutional FX website has been replaced by an alternative website that has no information about the firm’s institutional FX offering, namely its prime-of-prime product.
A spokesperson for LCG commented to Forex Magnates in an emailed statement: “We are currently performing an ongoing review of our offering to ensure clients benefit from the very best service from the right platforms at LCG.”
LCG was a key player in the London prime market serving hedge funds, proprietary trading firms and retail aggregators. The firm would provide access to a range of ECNs including: Currenex, FXOne, Hotspot and several others. Under the restructuring, the firm is believed to have diverted its FIX Api business onto the MetaTrader 4 platform.
The prime-of-prime market acts as an intermediary to the FXPB providers. With the cost of credit and leverage under question by leading FX banks, the FXPB space continues to consolidate with fewer banks offering a service. Non-bank Liquidity is the latest trend in the market as new entrants, such as hedge funds and proprietary trading firms, act as natural traders that can absorb order inflows.
The latest news comes as an opportunity for PoP providers as LCG's institutional closure follows that of BT Prime.
One of the UK’s major forex, CFD and financial spread betting providers, LCG continues to restructure its business. Following on from personnel changes in its institutional forex division, such as the departure of former Head of FX Gavin Foster, the London-based provider has closed its prime brokerage unit according to people close to the matter.
Forex Magnates reported last week that the firm was reviewing its business and further research shows that the main institutional FX website has been replaced by an alternative website that has no information about the firm’s institutional FX offering, namely its prime-of-prime product.
A spokesperson for LCG commented to Forex Magnates in an emailed statement: “We are currently performing an ongoing review of our offering to ensure clients benefit from the very best service from the right platforms at LCG.”
LCG was a key player in the London prime market serving hedge funds, proprietary trading firms and retail aggregators. The firm would provide access to a range of ECNs including: Currenex, FXOne, Hotspot and several others. Under the restructuring, the firm is believed to have diverted its FIX Api business onto the MetaTrader 4 platform.
The prime-of-prime market acts as an intermediary to the FXPB providers. With the cost of credit and leverage under question by leading FX banks, the FXPB space continues to consolidate with fewer banks offering a service. Non-bank Liquidity is the latest trend in the market as new entrants, such as hedge funds and proprietary trading firms, act as natural traders that can absorb order inflows.
The latest news comes as an opportunity for PoP providers as LCG's institutional closure follows that of BT Prime.
OneRoyal takes the spotlight as Most Innovative Broker 2025 (MENA).
Dominic Poynter describes the night as high-quality and professional; a reflection of years of dedication.
With 20 years in the market, the focus now is on continued growth across MENA and the GCC.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com?utm_source=SM&utm_medium=sm_post&utm_campaign=testimonials
OneRoyal takes the spotlight as Most Innovative Broker 2025 (MENA).
Dominic Poynter describes the night as high-quality and professional; a reflection of years of dedication.
With 20 years in the market, the focus now is on continued growth across MENA and the GCC.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com?utm_source=SM&utm_medium=sm_post&utm_campaign=testimonials
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In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
