General Information & Regulation
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.
Market Instruments
IBF provides investors with financial trading products such as Forex currency pairs, indices, gold, and silver. Tradable assets offered by this broker seems quite average.
Minimum Deposit
IBF offers two types of forex trading accounts for investors, namely the Mini Account and the Regular Account. The minimum initial deposit for a Mini account is $500, and the minimum initial deposit for a Regular account is $5,000.
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.
Trading Platforms Available
IBF offers traders two trading platform options, the world-renowned MT4 trading platform and its in-house developed IBFTrader for mobile devices (mobile & tablet versions). MT4 is chosen by 80% of traders worldwide and features powerful charting capabilities, a user-friendly trading interface, a large number of customizable technical indicators, supporting automated trading via EA, allowing traders to create their own trading strategies.
IBF Cons
1. Higher minimum initial deposit amount
2. No specific information on spreads and high trading commissions
3. No information on the way in and out of the funds
4. Conservative leverage
5. No live customer support
6. Website in one language only
