LCG

Reply to comment #1133

<p>Thanks for the info. Was never attractive with such high spreads, now its a on the avoid list for sure..</p>

Reply to comment #1132

<p>Follow up to my message.<br> I have just find this <br> which confirms what I wrote last year. Now the previous ‘mother company’ and after the separation with LCG Broker &amp; Forex, the new project, has now been taken out of business bu the London Courts. At the time of separation the LCG Broker &amp; Forex<br> was responsable for a majority of debts, though Mr Sabet, bought it back in a swap deal (I guess against his shares in the holding through his vehicle GIO, or debts elimination) So that makes that LCG Broker &amp; CFD is basically reverted to a Cyprus company (where Mr Sabet lives ?), without any stock exchange quotation. When I last asked for their annual return, I was answered, that such is no longer available; this makes sense, as smaller entities, not quoted, can be exempt of publishing their accounts. Basically a CFD &amp; Forex broker provider, cannot or should never go broke, unless they pay their staff too much and make too many promotional cost.</p>