FNG has learned that social transaction has focused on the NAGA Group AG (ETR: N4G) electronic broker has taken the next step in expanding the world footprint, acquiring FCA licensed Broker Capital UK (TCUK) Ltd.
The Trade Capital UK (TCUK) Ltd was part of Mark Laurstein’s Brokerage Business brand.
We understand that the sale of Trade Capital UK (TCUK) LTD to NAGA Group (via Holding Company Key Way Group Limited) is still pending the approval of regulatory regulation.
Trade Capital UK (TCUK) Ltd, which has been operating to date through Tradecapitaluk.com and Trade.com, made only £ 310k in revenue in 2024, below 65% compared to the previous year and published a net loss of £ 346K. On December 31, 2024, the company’s total assets were £ 483k (2023: £ 699k) and its net assets were £ 448k (2023: £ 634K). The company was originally incorporated on September 4, 2014 and received the FCA license on January 17, 2017.
Last year the NAGA Group merged with Capex.com and was effectively undertaken by the majority owner capex.com octavian Patrascu. The combined team, once the acquisition of Trade Capital UK (TCUK), will hold regulatory licenses in Cyprus (and so throughout the EU via Mifid), the United Kingdom and the Seychelles.