FXCM Inc. has companies registered with many of the most respected regulatory bodies in the world. FXCM is regulated in the UK by the Financial Conduct Authority (“FCA”), registration number 217689. Additionally, FXCM is regulated in the United States, Germany, Italy, France, Hong Kong, Australia, and Japan.
Ours clients living in countries where we are regulated must trade through their local FXCM entity. Since I live in the US, I trade through FXCM US. Since you live in the UK, you would trade through FXCM UK. This provides you with many advantages compared to brokers not regulated in the UK in regards to safety of funds.
Another advantage available to you as a UK resident is the choice of having a spread betting account. Trading a spread betting account is the same as forex trading, but because of the UK spread betting tax code, UK and Ireland traders enjoy tax-free trading.*
[I]* The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.[/I]