General Information
IBF Is An Online Forex Broker Based In Indonesia, Established In 2005.
IBF Offers Different Account Types To Cater To Traders With Different Needs And Preferences. These Account Types Include Segregated Accounts, Mini Accounts, And Regular Accounts. Each Account Type Has Its Advantages And Considerations, Such As Segregated Account Protection, Lower Minimum Deposit For Mini Accounts, Wider Range Of Tradable Assets For Regular Accounts, Etc.
Traders Can Gain Access To Financial Marekt IBF's Trading Platform In The Following Ways, Including The Widely Recognized Metatrader 4 (mt4) Platform And Their Own IBF Trader Mobile App Designed Specifically For Mobile Devices. Mt4 Offers Powerful Charting Capabilities, A User-friendly Interface, Customizable Technical Indicators, And Support For Automated Trading Through Expert Advisors (eas). The IBF Trader Mobile App Helps Traders Access Their Accounts And Trade Anytime, Anywhere.
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 All Aspects Of Trading. The Economic Calendar Helps Traders Stay Informed Of Important Events, While Market News Updates Provide Timely Information About Market Developments. These Tutorials Are Designed To Educate Traders On Topics Such As Technical Analysis, Fundamental Analysis, Risk Management, And Trading Strategies.
Although IBF Has Several Advantages Such As Regulatory Compliance, Diverse Market Tools, And Educational Resources, There Are Some Limitations. The Information Provided Lacks Specific Details About Spreads, Commissions, And The Quality Of Tutorials. In Addition, The Extent Of Personal Support Or Guidance Provided To Traders Seeking Educational Assistance Is Unknown.
Regulatory Information
IBF Is Not A Reliable Broker For Traders, Even Though It Claims That The Quotes It Offers To Its Clients Look Good. IBF Claims That It Is A Member Of And Regulated By Multiple Institutions, Including:
1) Indonesia Commodity Futures Trading Regulatory Authority (BAPPEBTI);
2) Jakarta Futures Exchange (JFX);
3) Indonesia Derivatives Clearing House (KBI).
However, Please Note That None Of The Above Institutions Regulate Physical Companies That Provide Foreign Exchange Services And Products.
This Means That IBF Is Not Regulated By Any Financial Regulator. This Means That Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Pros And Cons
IBF Offers A Regulated Trading Environment In Indonesia, Offering A Range Of Market Instruments And Account Types To Meet The Needs Of Traders. The Availability Of Metatrader 4 And The IBF Trader Mobile App Provide Traders With Multiple Options To Enter The Market. Educational Resources, Including Economic Calendars, 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 Depth Of Tutorials Is A Drawback. Additionally, The Lack Of Live Customer Support As Well As The Fact That The Website Is Only Available In One Language Limits The Overall Support Experience. Despite These Limitations, IBF Compliance And Comprehensive Offerings Make It A Notable Choice For Traders In Indonesia.
Market Tools
IBF Offers A Range Of Market Tools To Meet The Diverse Needs Of Investors. Their Products Include Forex, Metals & Energy, Asian Indices, And US Indices. Forex Trading Allows Participants To Participate 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 In Which Various Countries, Institutions, And Individuals Participate For Purposes Such As Foreign Exchange Reserves, International Trade, Or Hedging.
- Metals And Energy: IBF Offers Investment Opportunities In Precious Metals Such As Gold And Silver. These Assets Have Historical Value And Tend To Retain Their Value Over The Long Term. Precious Metals Investments Can Be Made Through Alternative Trading Systems (SPAs).
- Asian Indices: IBF Provides Access To Asian Indices That Represent The Combined Prices Of Various Stocks Based On Specific Classes Of The Stock Market. These Indices 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 Volatility Of The US Dollar In Global Markets.
Account Types
IBF Offers A Range Of Account Types To Meet The Diverse Needs Of Traders. From The Safety And Security Of Individual Accounts To The Affordability Of Mini Accounts And A Wider Range Of Tradable Assets In Term Accounts, IBF Is Committed To Providing Options For Traders With Different Levels Of Experience And Investment Preferences. While Each Account Type Has Its Own Advantages And Considerations, It Is Crucial To Carefully Evaluate Its Features And Match Them To Your Specific Trading Objectives. By Understanding The Pros And Cons Of IBF's Account Types, You Can Make Informed Decisions That Are In Line With Your Trading Strategy And Risk Tolerance.
1. Separate Account: This Account Type Ensures The Safety Of Your Funds. By Depositing Into A Separate Account, You Can Focus On Your Trading Activity And Strive To Beat The Market. It Is Emphasized Not To Deposit Funds Into Accounts That Are Not Separate Accounts To Ensure That Your Funds Are Protected.
2. Mini Account: Mini Accounts Offer A Choice Of Base Currencies, Including EUR, GBP, JPY, CHF, AUD, And XAU. Cross Exchange Rate Pairs Such As EUR/JPY, EUR/GBP, EUR/CHF And GBP/CHF Are Available For Trading. The Contract Size Is 10,000 And The Initial Deposit Requirement Is $500. The Leverage Provided Is 1:100. The Spread On Forex And Gold Is Floating, While The Commission Is A Floating $5 Per Lot. The Maximum Unpositioned Squaring Lot Size Is 20.
3. Regular Account: The Regular Account Offers 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 And The Initial Deposit Requirement Is $5,000. The Leverage Provided Is 1:100. The Spread For Forex And Gold Is Floating, While The Spread For The Index Is Fixed. The Commission For This Account Type Is $50 Per Lot, And The Maximum Number Of Open Positions Is 20.
Leverage
When It Comes To Trading Leverage, The Maximum Leverage Available On The IBF Platform Is Uo To 1:100, Which Is Fairly Average.
Spreads And Commissions
Spread On The IBF Forex And Gold Platform Is Floating, And The Commission Per Lot Is $5. The Forex And Gold Spreads For The Regular Account Are Floating Spreads, And The Index Spreads Are Fixed Spreads, With A Commission Of $50 Per Lot.
Minimum Deposit
The Minimum Deposit Is An Important Factor To Consider When Choosing A Forex Broker. It Represents The Minimum Amount Required To Open A Trading Account And Start Trading. If It Is IBF, They Offer Two Types Of Forex Trading Accounts: Mini Account And Regular Account. The Minimum Initial Deposit For The Mini Account Is $500, While The Minimum Initial Deposit For The Regular Account Is $5,000.
Available Trading Platforms
MT4 Trading Platform: IBF Offers The Widely Recognized Metatrader 4 (mt4) Trading Platform. Mt4 Is A Popular Choice For Traders Worldwide And Is Known For Its Powerful Charting Capabilities And User-friendly Interface. It Offers A Comprehensive Set Of Tools Including A Large Number Of Customizable Technical Indicators That Enable Traders To Effectively Analyze The Market. Mt4 Also Supports Automated Trading Through Expert Advisors (EAS), Enabling Traders To Develop And Implement Their Own Trading Strategies.
IBF Trader Mobile App: In Addition To Mt4, IBF Has Developed Its Own Trading Platform IBF Specifically For Traders On Mobile Devices Such As Smartphones And Tablets. The Mobile App Allows Traders To Access Their Accounts And Trade Anytime, Anywhere. While The Specific Features IBFTrader Is Not Mentioned, It Is Designed To Meet The Trading Needs Of IBF Clients In A User-friendly Way.
Educational Resources And Tools
IBF Offers A Variety Of Educational Resources And Tools To Help Traders Improve Their Knowledge And Skills. Below Are Three Types Of Educational Resources And Tools Provided By The Following Institutions IBF:
1. Economic Calendar: IBF Provides Economic Calendars That Show Upcoming Economic Events Such As Central Bank Announcements, Economic Indicator Releases, And Important News That May Affect Financial Marekt. Traders Can Use This Tool To Learn About Key Events And Plan Their Trading Strategies Accordingly.
2. Market Dynamics: IBF Provides Market News Updates That Provide Traders With Insights On The Latest Developments In Financial Marekt. This Includes News Related To Currencies, Commodities, Indices, And Other Relevant Market Information. News Updates Help Traders Stay Up To Date On Market Trends, Which Helps Make Informed Trading Decisions.
3. Tutorials: IBF Offers Educational Tutorials To Help Traders Understand All Aspects Of Trading. These Tutorials Cover Topics Such As Technical Analysis, Fundamental Analysis, Risk Management, And Trading Strategies. Designed To Meet The Needs Of Both Beginners And Experienced Traders, These Tutorials Provide Valuable Insights And Practical Knowledge.
