EXANTE's UK Unit Halts New Client Onboarding After FCA Agreement

The UK subsidiary of brokerage group EXANTE has temporarily suspended the onboarding of new clients following an agreement with the Financial Conduct Authority (FCA).

In a notice published on its local website, LHCM said it had voluntarily agreed with the regulator to impose temporary restrictions on its authorised activities. Under the arrangement, the firm is no longer permitted to accept new customers. In addition, it cannot receive deposits or carry out equivalent funding activities from existing clients.

According to the statement, the measures took effect on December 22, 2025, after LHCM agreed with the FCA to introduce temporary requirements attached to its Part 4A permission. The firm stressed that the steps were voluntary and sought to reassure clients that their interests remain a priority and that most services continue to operate as usual.

EXANTE has undergone a strategic shift in recent years, moving away from a retail-focused model toward serving institutional clients exclusively. Its UK entity had already stopped accepting retail customers prior to the latest onboarding freeze.

The situation places EXANTE among a number of brokers that have faced regulatory intervention in the UK market in recent years. Trading 212, for example, paused new customer onboarding for more than a year following FCA action and remains restricted from offering pension products.