GIB 2025 Review: Everything You Need to Know
GIB, a forex broker with a presence primarily in Indonesia, has garnered mixed reviews from users and analysts alike. While some users have reported positive experiences, the overwhelming sentiment is negative, highlighting issues such as withdrawal difficulties and regulatory concerns. The broker operates on the MetaTrader 4 platform, catering mainly to retail forex traders. This review aims to provide a comprehensive overview of GIB, focusing on user experiences, regulatory status, and overall trustworthiness.
Note: It's important to recognize that GIB operates under different entities across various regions, which may lead to discrepancies in user experiences and regulatory oversight. This review is based on a thorough analysis of available sources to ensure fairness and accuracy.
Rating Breakdown
We score brokers based on user feedback, regulatory compliance, and overall trading experience.
Broker Overview
GIB, also known as Global Intra Berjangka, was established in 2018 and is primarily regulated by Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti). The broker utilizes the MetaTrader 4 platform, which is widely recognized for its robust trading capabilities. However, there are concerns regarding the broker's regulatory status and user complaints about withdrawal issues.
Detailed Section
Regulatory Status
GIB is primarily regulated in Indonesia by Bappebti. However, there are significant concerns regarding its compliance and transparency. Many users have reported difficulties in withdrawing funds, raising red flags about the broker's operational integrity. According to multiple sources, including WikiFX, GIB has been implicated in fraudulent activities, with users claiming they were unable to withdraw their funds for extended periods, sometimes up to several months.
Deposit/Withdrawal Currencies/Cryptocurrencies
The primary currencies for deposits and withdrawals appear to be Indonesian Rupiah (IDR) and US Dollars (USD). However, specific details about the supported cryptocurrencies are not mentioned, indicating a lack of diversification in payment options. Users have expressed frustration with the deposit process, stating they can deposit funds easily but face significant barriers when attempting to withdraw.
Minimum Deposit
Information regarding the minimum deposit required to open an account is sparse. However, user experiences suggest that the broker does not provide clear guidelines on this aspect, further complicating the onboarding process for new traders.
GIB does not currently offer any bonuses or promotional incentives to attract new clients. This absence of promotions might deter potential clients looking for added value in their trading experience.
Tradable Asset Classes
GIB focuses primarily on forex trading, with limited information available on other asset classes such as commodities or indices. The lack of diversity in tradable instruments could be a drawback for traders seeking a broader trading portfolio.
Costs (Spreads, Fees, Commissions)
The exact details regarding spreads, fees, and commissions remain unclear, with user reviews indicating that the broker may impose hidden charges. This lack of transparency can lead to unexpected costs for traders, further diminishing trust in the broker.
Leverage
Information on leverage offered by GIB is not readily available, which is a critical factor for many traders. The absence of clear leverage guidelines can hinder a trader's ability to strategize effectively.
GIB primarily utilizes the MetaTrader 4 platform for trading, which is well-regarded in the forex community for its user-friendly interface and extensive analytical tools. However, the platform's limitations in terms of security features, such as the absence of two-step verification, have been noted as a concern by users.
Restricted Regions
GIB operates mainly in Indonesia, and there is limited information on whether it serves clients from other regions. This regional focus may limit its appeal to international traders looking for a more globally recognized broker.
Available Customer Service Languages
Customer support is primarily offered in Indonesian, which may pose a challenge for non-Indonesian speaking clients. Users have reported delays in response times and inadequate support, further exacerbating their frustrations with the broker.
Rating Reiteration
Detailed Breakdown
- Account Conditions (2.8/10): Users have reported a lack of transparency regarding account types and conditions, with many expressing frustration over withdrawal issues.
- Tools and Resources (3.0/10): While the MetaTrader 4 platform is a solid choice, the lack of additional trading tools or educational resources limits the overall trading experience.
- Customer Service & Support (2.8/10): Customer support has been criticized for slow response times and a lack of multilingual options, making it difficult for non-Indonesian speakers to get assistance.
- Trading Experience (3.5/10): The trading experience is hampered by issues such as withdrawal difficulties and unclear fee structures, which can lead to a frustrating experience for users.
- Trustworthiness (1.5/10): The lack of robust regulatory oversight and numerous user complaints about fraud make GIB a high-risk broker.
- User Experience (2.0/10): Overall user satisfaction is low, with many traders reporting negative experiences and warning others to avoid the broker.
In conclusion, GIB presents numerous challenges for potential traders, particularly in terms of trustworthiness and customer service. The broker's regulatory status and user complaints suggest that caution is warranted when considering trading with GIB.
