Forex PIPS STAR Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.2

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.4

Business 0.7

Risk Control 1.0

Software 1.7

Regulatory 1.2

Terminal Snapshot

PIPS STAR Trading Conditions

Registered Region United Kingdom

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@pipsstar.com

Contact Number N/A

Website pipsstar.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including forex and cryptocurrencies
User-friendly proprietary trading platform
Multiple customer support options available via email
24/7 multilingual customer service support
Minimum deposit requirement of $50 for account opening

Cons

Not regulated by any recognized financial authority
Higher risk of fraud and misconduct due to unregulated status
Lack of access to advanced trading platforms like MetaTrader
Limited educational resources for beginner traders
Potential for additional fees on deposits and withdrawals

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	PIPS STAR	FXTM	EC Markets	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	United Kingdom	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.2/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does PIPS STAR Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners	User-friendly interface, access to all trading instruments	Suitable for small-capital practice
Professional Account	Experienced Traders	High leverage, lower spreads	Requires trading volume qualifications
Corporate Account	Corporate Clients	Customized services for businesses	Requires corporate documentation
Demo Account	All Traders	Risk-free environment to practice trading	Ideal for testing strategies

Account Opening Process

To open an account with PIPS STAR, users must submit personal, employment, and financial information. This includes providing identity verification documents such as an ID and proof of address. Additionally, traders have the flexibility to upgrade to a professional account later if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Tight spreads for major pairs
CFDs (Stocks, Indices, Commodities)	Varies	$0	Includes popular assets like S&P 500, Gold
Cryptocurrencies	Varies	$0	Access to over 100 cryptocurrencies

Other Fees

Additional fees may include deposit and withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. It is important for traders to review all potential costs associated with their accounts to ensure a comprehensive understanding of their trading expenses.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

PIPS STAR User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alice Thompson

London

★ ★ ★ ★ ★

I had a terrible experience with PIPS STAR. Withdrawal requests took forever to process, and customer support was unresponsive when I tried to reach out for help. I would not recommend this broker to anyone.

John Smith

Manchester

★ ★ ★ ★ ★

Overall, my experience with PIPS STAR has been positive. The trading platform is user-friendly and easy to navigate. I found their execution speed to be quite impressive, and customer support was helpful when I had questions.

Sarah Johnson

Birmingham

★ ★ ★ ★ ★

I was disappointed with PIPS STAR. The lack of regulation made me uneasy, and I faced issues with my withdrawals. It took longer than expected, and I felt like my concerns were not taken seriously by support.

Michael Brown

Liverpool

★ ★ ★ ★ ★

PIPS STAR has been fantastic for my trading needs. The variety of instruments available is great, especially the crypto options. I appreciate the fast deposits and withdrawals, and the demo account feature was perfect for testing my strategies.

United Kingdom Market