Stratos Markets Limited has applied to cancel its FCA licence. How does that affect FXCM’s UK clients?

It does not affect any UK clients. The licence cancellation process can take up to 12 months. In the meantime, we continue to operate with full FCA permissions and clients retain full regulatory protections (including client money segregation, negative balance protection for retail clients and the right to escalate complaints to the Financial Ombudsman Service). The cancellation will not be approved by the FCA until all client accounts have been migrated to Trade Nation or closed and all the segregated client money has been returned, so there is no impact or detriment to clients from this application having been made.