Does Removing iPhone from Find My iPhone, remove it fro icloud completley?

My iPhone 6 got stolen today day so I straight away went on to iCloud/Find my iPhone and while I was on there accidentlally clicked remove and it removed my iPhone from iCloud. Now I feel Sick.

with the thives be able to wipe my phone now? I had a passcode on there but is iCloud sill linked to my iPhone even if Find my iPhone isn't on there?

Added (1). It got deleted form find my iPhone but not iCloud

If you removed it from Find My iPhone, it can be erased and reset by the thief, even if it has a passcode.

No it won't, you can still access it from pc and in case you wanna have some serious security for your device, do install Leo Privacy Guard, it will make your device totally secure and you would be glad to have one of the world's top ten apps.

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