Global Broker Regulation Inquiry App
WikiFX
TradeTimeAllWasted 
1-2 years
Is PIPS STAR a legitimate and regulated broker?
Broker Issues
Regulation
03-08
United States
WikiFX
Reply
Yes, PIPS STAR is a legitimate broker regulated by the Financial Crimes Enforcement Network (FinCEN) in the United States. The regulatory license number is 31000283684083. While FinCEN ensures that the broker follows essential anti-money laundering (AML) regulations, it is important to note that FinCEN is not a financial services regulator in the traditional sense. Unlike the FCA, ASIC, or CySEC, FinCEN’s focus is on preventing financial crimes, rather than offering robust investor protection or ensuring client funds are held in segregated accounts. As such, traders should be aware that PIPS STAR does not offer the same investor protection mechanisms that regulated brokers in other jurisdictions might provide.
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