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FlowBank
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Retail FX
FlowBank Liquidation: Clients Advised to Act Before November Deadline
2024-10-18T21:17:13.934+02:00
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.
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Jared Kirui
Brokers
LCG UK Increases Revenue, but Net Loss Deepens by 30% in 2022
2024-09-11T09:25:45.216+02:00
London Capital Group Limited is part of the currently troubled FlowBank.
However, the company's board is taking actions to ensure profitability in 2024.
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Damian Chmiel
Retail FX
LCG’s FCA-Regulated Entity Is Up for Sale
2024-08-29T09:08:42.918+02:00
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.
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Arnab Shome
Retail FX
FCA Removes Restrictions from FlowBank-Owned LCG's UK Licence
2024-07-18T09:20:16.279+02:00
The introducing broker can now continue to onboard clients and accept funds.
However, the operations of Bahamas-regulated LCG remain ceased.
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Arnab Shome
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Retail FX
LCG’s Bahamas Entity Ceased Operations Citing FlowBank’s Bankruptcy
2024-07-08T09:50:09.875+02:00
The broker maintained funds with accounts at FlowBank.
It is now considering that “an emergency or an exceptional market condition exists.”
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Retail FX
FCA Restricts FlowBank-Owned LCG from Onboarding New Clients
2024-06-25T08:54:54.858+02:00
The UK unit of LCG cannot onboard clients or accept new client money.
The company also urged its “legacy clients” to withdraw their funds.
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Retail FX
FlowBank’s Shareholder Says FINMA’s Decision “Violated Its Rights”
2024-06-24T09:18:49.749+02:00
The Swiss regulator initiated bankruptcy proceedings against the online broker on 13 June.
The shareholder is now considering taking “all necessary procedures.”
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Retail FX
Dukascopy Opens Doors for FlowBank Clients with 50% CashBack Offer
2024-06-20T15:16:01.210+02:00
Clients get a lifetime 50% CashBack on commissions by notifying their manager.
Earlier, FlowBank declared bankruptcy following the revocation of its licenses by FINMA.
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Retail FX
FlowBank Enters Bankruptcy Proceedings Following FINMA Decision
2024-06-13T15:13:58.597+02:00
Clients with Swiss account deposits will receive up to CHF 100,000 in reimbursement.
All contracts including financial agreements, are terminated immediately.
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Tareq Sikder
Regulation
Regulator's Three-Year Concerns Lead to This Trading Firm's Bankruptcy Proceedings
2024-06-13T10:29:38.433+02:00
FINMA has initiated bankruptcy proceedings against FlowBank, a Swiss online broker.
The bank failed to maintain minimum capital requirements and potential over-indebtedness
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Thought Leaders
FlowBank Delivers the Best Trading Conditions on over 50,000 Financial Products
2023-02-28T13:36:13.032+02:00
FlowBank positions itself as a serious industry player, providing exceptional service.
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