The Secret Behind LCG UK’s 2024 Profitability: 80% Expense Cut
The UK unit of London Capital Group (LCG), which operates as an introducing broker, returned to profitability in 2024, mainly because it managed to reduce expenses to £1.5 million from about £7.7 million — a year-on-year drop of 80.5 per cent. It also received a one-off reimbursement in administrative costs, recognising prior expenses already paid….