London Capital Group (LCG), a famous retail forex broker, recently announced a partnership with IG Group, a financial broker, that will allow LCG to use IG's platform to price and execute trades in the future.
LCG provides its clients with online trading of CFDs on common financial investment instruments including forex, metals, commodities, and equities. The company is regulated by the FCA in the UK and is also licensed in the Cayman Islands and the Bahamas.
The London-listed company IG Group is also one of the industry's leading finance brokers, with financial licenses in the UK, US, Australia, and New Zealand.
LCG's Managing Director, Matt Basi, says IG's Web trading platform is well developed and it relies on IG's excellent pricing, liquidity, and execution to lead the industry. “We’re delighted to add their platform to our existing offering and believe it positions us strongly to onboard brokers and high-value clients for the next stage of the LCG journey.”
LCG said the company will partner with industry-leading providers to provide clients with the best products, technology, and pricing from across the financial marketplace.
The partnership was announced within weeks of LCG's new CEO, Dave Worsfold, taking the helm. Mr. Worsfold previously served as COO of ADSS for one year and left ADSS in April of last year. Prior to that, he also had a decade of experience at CMC Markets and was Head of Operations at CMC.