Useful info for potential FXCM account holders

After talking to tech support earlier I received some info which adds an extra level of security for FXCM account holders. Due to UK law, if you sign up through their UK branch ( you will be considered a secured creditor in the event of FXCM’s insolvency:

“Accounts with Forex Capital Markets, LTD (FXCM UK) are fully segregated in accordance with UK financial regulations. The Financial Services Authority (FSA), one of the world’s most respected financial regulatory bodies, administers these regulations. In the unlikely event of FXCM UK’s bankruptcy, clients of FXCM UK would be considered secured creditors and receive priority in bankruptcy proceedings.”