Global Broker Regulation Inquiry App
WikiFX
Rustam R 
1-2 years
What are the risks associated with using PIPS STAR?
Broker Issues
Regulation
06-05
United States
WikiFX
Reply
PIPS STAR has a few key risks to be aware of. First and foremost, it is not regulated by top-tier authorities like the FCA, ASIC, or CySEC, which means that investors don’t have the same level of protection against fraud or insolvency. Additionally, PIPS STAR does not support popular platforms like MT4 or MT5, which are preferred by many traders due to their reliability and advanced tools. The proprietary platform may not offer the same level of functionality or customizability. There is also a lack of transparency around leverage options and account types, making it difficult for traders to assess whether the platform suits their needs.
Similar Questions
Is IBF Securities a regulated broker?
Tom Nalichowski
07-05
Is WM Markets regulated?
kennis2244
06-21
What major risks or potential drawbacks should I watch out for when considering Billion Bucks Fx?
zack18
08-14
What are the pros and cons of UbitMarkets?
Eziol
08-04
Is Concord Securities Group a regulated broker?
Darren Ross
06-20