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UK accounts transfer as cash after liquidation, while supported AvaTrade positions are closed and recreated; the parent filing does not map the legal-entity exceptions.
The broker confirms a worldwide compliance leadership appointment; the change does not by itself alter a customer’s licensed entity or protections.
AvaTrade’s agreement for most of FXCM’s business sits alongside Trade Nation’s separate UK client-book deal. The customer’s contracting company determines which transition route is relevant.
The announced FXCM UK migration closes positions before transferring cash to Trade Nation. Four account mappings, changed pricing and the November timetable define the work required to resume trading.