The UK arm of brokerage group EXANTE has stopped onboarding customers.
In a statement published on its local website, LHCM said that it had reached a voluntary agreement with the Financial Conduct Authority (FCA) to temporarily apply restrictions to its activities.
More specifically, the broker cannot accept any new customers. The firm can also not take deposits or any equivalent activity from existing clients.
“Effective December 22, 2025, [LHCM] has agreed with the UK Financial Conduct Authority (FCA) to voluntarily introduce temporary requirements on its Part 4A permission,” the firm’s statement says. “We want to reassure you that your interests remain our highest priority and most services continue as normal.”
Originally more focused on the retail market, EXANTE shifted gears over the last few years to focus exclusively on institutional business.
The company’s UK entity, for example, was not accepting retail customers prior to this onboarding freeze.
Other brokers have faced similar problems with the regulator over the last few years. For example, Trading 212 froze onboarding for more than a year after intervention from the FCA. The regulator is also blocking the broker from offering pension products to its customers today.
