General Information
IBF is an online forex broker headquartered in Indonesia, established in 2005, and currently holds a retail forex license from BAPPEBTI Indonesia, license number: 912/BAPPEBTI/SI/8/2006.
PT International Business Futures (IBF) is a regulated forex broker operating in Indonesia. They hold licenses from the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) and the Jakarta Futures Exchange, allowing them to offer retail forex trading services.
IBF offers different account types to accommodate traders with varying needs and preferences. These account types include Separate Accounts, Mini Accounts, and Regular Accounts. Each account type has its advantages and considerations, such as separate account protection, lower minimum deposits for Mini Accounts, and a wider range of tradable assets in Regular Accounts.
Traders can access the financial markets through IBF's trading platforms, including the widely recognized MetaTrader 4 (MT4) platform and their own IBFTrader Mobile App designed for mobile devices. MT4 offers powerful charting capabilities, user-friendly interface, customizable technical indicators, and support for automated trading through Expert Advisors (EAs). IBFTrader Mobile App helps traders access their accounts and trade on the go.
IBF also provides educational resources and tools to enhance traders' knowledge and skills. These resources include an economic calendar, market news updates, and tutorials covering various aspects of trading. The economic calendar helps traders stay informed about important events, while market news updates provide timely information on market developments. The tutorials aim to educate traders on topics such as technical analysis, fundamental analysis, risk management, and trading strategies.
While IBF offers several advantages such as regulatory compliance, diverse market instruments, and educational resources, there are some limitations. The information provided lacks specific details on spreads, commissions, and tutorial quality. Additionally, the extent of personal support or guidance for traders seeking educational assistance is unclear.
Pros and Cons
IBF offers a regulated trading environment in Indonesia with a range of market instruments and account types to cater to traders' needs. The availability of MetaTrader 4 and IBFTrader Mobile App provides traders with diverse options for accessing the markets. The educational resources, including an economic calendar, market news updates, and tutorials, are beneficial for traders seeking to improve their knowledge and skills. However, the lack of specific information on spreads, commissions, and tutorial depth is a drawback. Additionally, the absence of live customer support and the website being available in only one language limit the overall support experience. Despite these limitations, IBF's regulatory compliance and comprehensive offerings make it a notable option for traders in Indonesia.
Is IBF Legit？
Based on the information provided, PT International Business Futures (IBF) is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under the Indonesian Ministry of Trade. IBF holds a retail forex license, and its license number is 912/BAPPEBTI/SI/8/2006.
Additionally, IBF is also licensed by the Jakarta Futures Exchange, with license number SPAB-142/BBJ/08/05. This license allows IBF to operate in the retail forex market.
The licensed institution's contact information includes an email address (support@ibftrader.com), a website (www.ibftrader.com), and a phone number (02286061128). The address of the licensed institution is Paskal Hyper Square Blok D No. 45-46, Jl. H.O.S Cokroaminoto No. 25-27, Bandung 40181.
The information does not provide the effective date or expiry date of the licenses held by IBF. It also mentions that the license type is “No Sharing,” although the exact meaning of this term is unclear from the provided information.
Market Instruments
IBF offers a range of market instruments to cater to the diverse needs of investors. Their offerings include Forex, Metals & Energy, Asian indexes, and the US Index. Forex trading allows participants to engage in the buying and selling of foreign currencies, providing opportunities for international trade, hedging, and foreign exchange reserves.
Forex:
Forex involves the buying and selling of foreign currencies. It is a widely traded market where various countries, institutions, and individuals participate for purposes such as foreign exchange reserves, international trade, or hedging.
Metals & Energy:
IBF offers investment opportunities in precious metals like gold and silver. These assets have historical value and tend to retain their worth over the long term. Investing in precious metals can be done through alternative trading systems (SPA).
Asian Indexes:
IBF provides access to Asian indexes, which represent the combined prices of various stocks based on specific categories in the stock market. These indexes serve as indicators of overall market conditions.
US Index:
The US Dollar Index (USDX or DXY) measures the strength of the US Dollar against six other major world currencies. It provides insights into the performance and fluctuations of the US Dollar in the global market.
Account Types
IBF offers a range of account types to cater to the diverse needs of traders. From the safety and security of separate accounts to the affordability of Mini Accounts and the wider range of tradable assets in Regular Accounts, IBF strives to provide options for traders of varying experience levels and investment preferences. While each account type has its own set of advantages and considerations, it is essential to carefully evaluate the features and match them with your specific trading goals. By understanding the pros and cons of IBF's account types, you can make an informed decision that aligns with your trading strategy and risk tolerance.
Separate Account: This account type ensures the safety and security of your funds. By depositing into a separate account, you can focus on your trading activities and aim to beat the market. It is emphasized not to deposit money into an account that is not a separate account to ensure the protection of your funds.
2. Mini Account: The Mini Account offers a base currency selection including EUR, GBP, JPY, CHF, AUD, and XAU. Cross rate pairs such as EUR/JPY, EUR/GBP, EUR/CHF, and GBP/CHF are available for trading. The contract size is 10,000, with an initial deposit requirement of $500. The leverage offered is 1:100. Spreads for Forex and gold are floating, while the commission is $5 per lot. The maximum number of open lots is 20.
3. Regular Account: The Regular Account provides base currency options similar to the Mini Account, including EUR, GBP, JPY, CHF, AUD, XAU, Hang Seng, Kospi, and Nikkei. The contract size is 100,000, with an initial deposit requirement of $5,000. The leverage offered is 1:100. Forex and gold spreads are floating, while the indices have fixed spreads. The commission for this account type is $50 per lot, and the maximum number of open lots is 20.
IBF Leverage
When it comes to the trading leverage, the maximum leverage available on the IBF platform is uo to 1:100, which is pretty average.
Spreads & Commissions
Spreads on the IBF platform are floating for Forex and gold with a commission of 5 USD per lot. Regular accounts have floating spreads on Forex and Gold and fixed spreads on Indices, with a commission of $50 per lot.
Minimum Deposit
Minimum Deposit is an essential factor to consider when choosing a forex broker. It represents the minimum amount of money required to open a trading account and start trading. In the case of IBF, they offer two types of forex trading accounts: the Mini Account and the Regular Account. The minimum initial deposit for the Mini Account is $500, while the minimum initial deposit for the Regular Account is $5,000.
Trading Platforms Available
MT4 Trading Platform: IBF offers the widely recognized MetaTrader 4 (MT4) trading platform. MT4 is a popular choice among traders worldwide, known for its powerful charting capabilities and user-friendly interface. It provides a comprehensive set of tools, including a large number of customizable technical indicators, allowing traders to analyze the markets effectively. MT4 also supports automated trading through Expert Advisors (EAs), enabling traders to develop and implement their own trading strategies.
IBFTrader Mobile App: In addition to MT4, IBF has developed its own trading platform called IBFTrader specifically for mobile devices such as smartphones and tablets. This mobile app offers allows traders to access their accounts and trade on the go. While the specific features of IBFTrader are not mentioned, it is designed to meet the trading needs of IBF clients in a user-friendly manner.
Educational Resources & Tools
IBF provides several educational resources and tools to assist traders in improving their knowledge and skills. Here are the three types of educational resources and tools offered by IBF:
Economic Calendar: IBF provides an economic calendar that displays upcoming economic events, such as central bank announcements, economic indicators releases, and important news that can impact the financial markets. Traders can use this tool to stay informed about key events and plan their trading strategies accordingly.
2. Market News: IBF offers market news updates, providing traders with insights into the latest developments in the financial markets. This includes news related to currencies, commodities, indices, and other relevant market information. The news updates help traders stay updated on market trends, which can aid in making informed trading decisions.
3. Tutorials: IBF provides educational tutorials to help traders learn about various aspects of trading. These tutorials cover topics such as technical analysis, fundamental analysis, risk management, and trading strategies. The tutorials are designed to cater to both beginner and experienced traders, offering valuable insights and practical knowledge.
Pros and Cons
Customer Support
IBF provides customer support through various channels, including social media platforms, email, and phone. Here is a brief description of the customer support options available:
Twitter: IBF has a Twitter account (@ibftrader) where customers can reach out for support or stay updated with the latest news and announcements from the company.
Facebook: IBF has a Facebook page (https://www.facebook.com/people/Ibf-Trader/100009353787089) where customers can engage with the company and potentially find support.
LinkedIn: IBF has a presence on LinkedIn (https://www.linkedin.com/company/pt-international-business-futures) where customers can connect and potentially seek assistance.
Email Addresses: IBF provides email support through the following email address: support@ibftrader.com. Customers can send their inquiries or concerns to this email for assistance.
Conclusion
In conclusion, PT International Business Futures (IBF) is a regulated broker in Indonesia, offering a range of market instruments such as Forex, Metals & Energy, Asian indexes, and the US Index. IBF provides various account types to cater to traders' needs, from Separate Accounts ensuring fund safety to Mini Accounts with lower minimum deposits. The broker offers leverage options of up to 1:100 and utilizes floating spreads for Forex and gold trading. IBF provides educational resources such as an economic calendar, market news updates, and tutorials covering trading topics. While IBF has its strengths, such as regulatory compliance and a wide range of tradable assets, there are some limitations, including a lack of specific information on spreads and commissions, fund transactions, and live customer support. Traders considering IBF should carefully evaluate these factors to make an informed decision that aligns with their trading goals and preferences.
FAQs
Q: Is IBF a legitimate broker？
A: Yes, based on the provided information, IBF is a regulated broker under the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. It holds a retail forex license and is licensed by the Jakarta Futures Exchange.
Q: What market instruments does IBF offer？
A: IBF offers a range of market instruments including Forex, Metals & Energy, Asian indexes, and the US Index.
Q: What are the pros and cons of IBF's account types？
A: Each account type offered by IBF has its own set of advantages and considerations. For example, the Separate Account ensures the safety and security of funds, while the Mini Account has a lower minimum deposit requirement. However, there is no information provided on spreads and fund transactions, and live customer support is not mentioned.
Q: What leverage options does IBF provide？
A: IBF offers leverage options with a maximum ratio of up to 1:100, which is considered average within the forex industry.
Q: What are the spreads and commissions for trading with IBF？
A: Spreads and commissions vary depending on the account type and financial instrument being traded. IBF employs floating spreads for Forex and gold, and fixed spreads for indices. The exact values of spreads are not mentioned in the given information.
Q: What are the minimum deposit requirements for IBF accounts？
A: The Mini Account has a minimum initial deposit requirement of $500, while the Regular Account requires a minimum initial deposit of $5,000.
Q: What trading platforms does IBF offer？
A: IBF offers the widely recognized MetaTrader 4 (MT4) trading platform, known for its powerful charting capabilities. Additionally, IBF has its own mobile trading platform called IBFTrader for trading on mobile devices.
Q: What educational resources and tools does IBF provide？
A: IBF offers an economic calendar to stay informed about important events, market news updates, and educational tutorials covering various trading topics. However, there is no specific information provided about the depth and quality of the tutorials.
Q: How can I contact IBF's customer support？
A: IBF provides customer support through social media platforms such as Twitter and Facebook. They also offer email support at support@ibftrader.com.
2023-07-17 09:50
2023-02-17 15:41
