Sibfx 2025 Review: Everything You Need to Know
Sibfx, a forex broker operating under PT Investor Sentratama Futures, has been in the industry since 2000. While it is regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI), user experiences have raised concerns regarding its reliability and service quality. This review synthesizes various insights to provide a comprehensive overview of Sibfx, highlighting both its advantages and drawbacks.
Note: It's crucial to recognize that the regulatory environment varies by region, which may affect user experiences. This review aims for fairness and accuracy by incorporating diverse sources.
Rating Overview
We rate brokers based on a comprehensive analysis of user experiences, expert opinions, and factual data.
Broker Overview
Established in 2000, Sibfx is a forex broker based in Indonesia, regulated by BAPPEBTI. The platform primarily offers trading services through the popular MetaTrader 4 (MT4) platform, catering to a diverse range of assets, including forex, commodities, and stock indices. Despite its long-standing presence, user feedback indicates significant issues, particularly concerning fund withdrawals and customer support.
Detailed Breakdown
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Regulatory Regions: Sibfx is regulated in Indonesia by BAPPEBTI, which provides a level of oversight. However, the effectiveness of this regulation is often questioned due to various user complaints.
Deposit/Withdrawal Methods: Sibfx primarily supports bank transfers for deposits and withdrawals, which may limit flexibility for some traders. There is no specific information available regarding minimum deposit requirements.
Bonuses/Promotions: Currently, there are no promotional offers or bonuses available for new or existing clients at Sibfx, which may deter some traders looking for added value.
Asset Classes: Traders can access a variety of instruments, including forex pairs, commodities, and stock indices. However, the specific number of available assets is not detailed.
Costs: Sibfx has relatively high trading costs, with spreads typically starting from 3 pips and a commission of $50 per lot. This can lead to an effective spread of around 6 pips, which is above average compared to other brokers.
Leverage: The maximum leverage offered is 1:100, a standard level in the industry, allowing traders to amplify their positions.
Trading Platforms: The broker exclusively uses the MT4 platform, known for its user-friendly interface and robust analytical tools.
Restricted Regions: Sibfx does not provide services to several countries, including the United States, Canada, and various others, which limits its accessibility.
Customer Support Languages: Customer support is primarily offered in Indonesian, with limited English assistance. This language barrier may hinder non-Indonesian speakers seeking help.
Repeated Rating Overview
Detailed Evaluation
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Account Conditions: According to user reviews, the account types offered by Sibfx are limited, with insufficient clarity on minimum deposit requirements. While a demo account is available, the specifics are vague, leading to a score of 5.
Tools and Resources: Sibfx provides the MT4 platform, which is considered a strong point. However, the lack of additional educational resources or trading tools limits its utility, resulting in a score of 6.
Customer Service and Support: User experiences indicate significant issues with customer service, particularly regarding response times and the effectiveness of support. Many users have reported difficulties in withdrawing funds, leading to a low score of 4.
Trading Setup (Experience): The trading experience on Sibfx is hindered by high spreads and commissions, which can deter many traders. This has resulted in an average score of 5.
Trustworthiness: While Sibfx is regulated, numerous complaints regarding fund withholding and poor customer service raise concerns about its reliability. This leads to a score of 6.
User Experience: The overall user experience appears to be below average, with many users expressing dissatisfaction with the platform's interface and support. This has contributed to a score of 4.
In conclusion, the Sibfx review highlights a broker with a long-standing presence but significant challenges in customer service and trading costs. While it is regulated, the experiences of users suggest a cautious approach for potential traders considering this platform.
