PT SGB Broker Review

　　

PT SGB 2025 Review: Everything You Need to Know

　　In the ever-evolving world of forex trading, PT SGB stands out as a broker that has been operational for over two decades. However, recent reviews reveal a mixed bag of user experiences, regulatory concerns, and service quality. This article aims to provide a comprehensive overview of PT SGB, highlighting its strengths and weaknesses based on various expert opinions and user feedback.

　　Note: It is crucial to understand that PT SGB operates under different entities across regions, which can impact user experiences and regulatory compliance. This review synthesizes information from multiple sources to ensure fairness and accuracy.

　　

Rating Overview

Criteria	Score (out of 10)
Account Conditions	6.0
Tools and Resources	5.5
Customer Service and Support	5.0
Trading Setup (Experience)	5.5
Trustworthiness	4.5
User Experience	5.7

　　How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data from various reputable sources.

　　

Broker Overview

　　PT SGB, also known as PT Solid Gold Berjangka, was established in 2002 and is based in Indonesia. The broker is registered and regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti), which oversees commodity and futures trading in Indonesia. PT SGB provides clients access to a variety of trading platforms, including MT4 and MT5, allowing for a robust trading experience. The available asset classes include forex, commodities, and CFDs, catering to a wide range of trading preferences.

　　

Detailed Analysis

　　

Regulatory Regions

　　PT SGB operates primarily in Indonesia and holds a retail forex license from Bappebti. However, it is worth noting that its license from the Indonesia Commodity and Derivatives Exchange (ICDX) has been revoked, raising concerns about its operational legitimacy. According to WikiFX, the regulatory status is currently classified as abnormal, which poses a medium potential risk for traders.

　　

Deposit/Withdrawal Options

　　The broker allows transactions primarily in Indonesian Rupiah (IDR) and US Dollars (USD). However, specific information regarding deposit and withdrawal methods is limited on its official website. It is stated that withdrawal requests generally take about three business days, although PT SGB aims to process them within one day.

　　

Minimum Deposit

　　Information about the minimum deposit required to open an account with PT SGB is not clearly stated in the available reviews. This lack of transparency may deter potential clients who are looking for clear entry points into trading.

　　

Bonuses/Promotions

　　No specific promotional offers or bonuses are mentioned in the reviews, which could be a drawback for traders looking for incentives to join a new platform.

　　

Trading Costs

　　PT SGB charges various fees, including a facility fee of $15 per lot per side, totaling $30 per lot for settlement. Additionally, a Value Added Tax (VAT) of 10% is applied to these fees. The rollover fees vary depending on the product, with some costing $2 to $5 per night. These costs can accumulate quickly, impacting the overall profitability of trades.

　　

Leverage

　　The broker offers a leverage ratio that aligns with industry standards, but specific details on the maximum leverage available are not explicitly stated in the reviews.

　　

Allowed Trading Platforms

　　PT SGB supports both MT4 and MT5 platforms, which are widely recognized for their user-friendly interfaces and comprehensive trading tools.

　　

Restricted Regions

　　While PT SGB primarily serves clients in Indonesia, the reviews do not specify any regions where trading is restricted, although traders should verify this based on their local regulations.

　　

Available Customer Support Languages

　　Customer support is available in Indonesian, and clients can reach out via phone or email. However, the overall customer service rating is relatively low, indicating that users may face challenges in obtaining timely assistance.

　　

Repeated Rating Overview

Criteria	Score (out of 10)
Account Conditions	6.0
Tools and Resources	5.5
Customer Service and Support	5.0
Trading Setup (Experience)	5.5
Trustworthiness	4.5
User Experience	5.7

　　

Detailed Breakdown

• 　　Account Conditions (6.0): The account conditions are standard, but the lack of clear information regarding minimum deposits and account types can be a deterrent for potential clients.

• 　　Tools and Resources (5.5): While PT SGB offers popular trading platforms like MT4 and MT5, the overall resources available for traders, such as educational materials and market analysis, appear limited.

• 　　Customer Service and Support (5.0): User reviews indicate that customer service can be slow and unresponsive, which is a significant concern for traders needing timely assistance.

• 　　Trading Setup (Experience) (5.5): The trading experience is generally satisfactory but marred by high trading costs and some technical glitches reported by users.

• 　　Trustworthiness (4.5): Given the revoked ICDX license and mixed reviews about regulatory compliance, trustworthiness remains a significant concern for potential clients.

• 　　User Experience (5.7): Overall user experiences vary, with some praising the platform's functionality while others report issues with fees and customer support.

　　In conclusion, PT SGB presents a mixed profile for potential traders. While it has been operational for over two decades and offers popular trading platforms, concerns about its regulatory status and customer service quality cannot be overlooked. Prospective clients should conduct thorough research and consider these factors before engaging with PT SGB. As the market continues to evolve, staying informed about broker credibility and user experiences is essential for successful trading.