It gets even more hazy when you follow the FSA number listed at the bottom of the VenetFX site.
The number listed there does not resolve to a firm called VenetFX, it resolves to a firm called Worth.it Financial Services Ltd in London which doesn't have a functioning website (but still with a registered domain. Edit: domain seems not registered).
Meanwhile, there is no firm called VenetFX in the FSA register.
Still, they manage to claim Best FOREX award 2011 or something similar next to that FSA number.

BTW. watch out for the software VenetFX is trying to push.
On their Meta Trader 4 page they make it seem as if they create or resell Meta Trader 4. If you click on the picture with the 5 monitors you will start a download of venetfxsetup.exe . Which should be handled with EXTREME CARE.

Edit: Apparently the file is virus free and seems a legitimate way of branding meta trader..