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BreakingCrypto Scams Watch: Term Labs Hit by $8.5M Governance Exploit

Crypto

FX week in review: LCG sold, iFOREX warning, Spotware CRM partner, Crypto.com EU CEO, Pepperstone CCO

Who are the new owners of FCA regulated CFDs broker London Capital Group, or LCG?

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Publisher

Aug 23, 2026 at 8:59 AM UTC · 3 min de leitura

FX week in review: LCG sold, iFOREX warning, Spotware CRM partner, Crypto.com EU CEO, Pepperstone CCO
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Traduzindo…

Who are the new owners of FCA regulated CFDs broker London Capital Group, or LCG?

Why did iFOREX warn that performance was coming in much lower than expected in July and August?

With which broker CRM provider did cTrader developer Spotware Systems just ink a new partnership deal?

Which CFDs industry executive did Crypto.com turn to as CEO of its CySEC licensed, Cyprus based unit serving clients in the EU?

Who did Far East focused CFDs broker Mitrade name as the new CEO of its CySEC licensed EU unit?

Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:

Top FX and CFDs industry news stories this week

LCG managers Dave Worsfold and Matt Basi buy control from FlowBank liquidators. The multi-year FlowBank bankruptcy saga is finally coming to a close. FNG has learned that Dave Worsfold and Matt Basi, who have managed FCA regulated CFDs broker London Capital Group (or LCG) for the past several years as a subsidiary of Swiss neobank / neobroker FlowBank, have acquired joint control of LCG from the bankruptcy estate of FlowBank.

iFOREX warns low market volatility eating into income. iFOREX Financial Trading Holdings Ltd (LON:IFRX) has provided an update on trading and the outlook for the 2026 financial year. Trading has been considerably weaker than anticipated, with August to date being unusually subdued, with very low trading income against a backdrop of generally low market volatility.

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