Global Broker Regulation Inquiry App
WikiFX
Eziol 
1-2 years
Does PIPS STAR provide the same level of protection as other regulated brokers?
Broker Issues
Regulation
06-11
United States
WikiFX
Reply
PIPS STAR is regulated by FinCEN, which offers basic oversight with regard to anti-money laundering and financial crime prevention. However, it does not offer the same level of investor protection as brokers regulated by top-tier authorities such as the FCA, ASIC, or CySEC. These regulators ensure that client funds are kept in segregated accounts and provide compensation schemes in case of broker insolvency, among other protections. Therefore, while PIPS STAR’s FinCEN regulation provides some degree of legitimacy, it does not offer the same comprehensive safety nets for traders that come with stronger regulatory frameworks.
Similar Questions
Is CMB overseen by any regulatory bodies, and if so, which financial authorities are responsible for its regulation?
WoodCrusher
09-01
What are the main advantages of trading with Securities Japan?
helpneeded
05-20
Is Topmax Global regulated?
TJensen
06-02
What are the pros of Prodigy Markets?
Mansuber007
06-16
Can you highlight the main advantages Finansia offers in terms of its available trading instruments and the structure of its fees?
kennis2244
09-02