GIB
Pros and Cons
Pros
- Regulated by BAPPEBTI and ICDX
- Diverse range of trading instruments including Forex, commodities, and cryptocurrencies
- Multiple trading platforms: MT4, MT5, and web version
- Demo accounts available for practice without financial risk
- Customer support through email, phone, and social media
Cons
- Limited types of trading accounts
- Funds can only be deposited via bank transfer
- Response time for customer support may vary
- Limited information on fees and charges
- Limited availability of educational resources
Basic Information
User Reviews
GIB Overview
GIB, officially known as Global Intra Berjangka, has been operating in Indonesia since its establishment in 2004. As a regulated broker, GIB is supervised by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) and the Indonesia Commodity and Derivatives Exchange (ICDX), ensuring compliance with local financial regulations. This regulatory backing instills confidence among traders regarding the broker’s legitimacy and adherence to industry standards.
Is GIB Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| BAPPEBTI | Indonesia | Regulated broker ensuring compliance with local financial regulations |
| ICDX | Indonesia | Regulated broker ensuring compliance with local financial regulations |
Is GIB Regulated and How Are Client Funds Protected?
GIB, officially known as Global Intra Berjangka, operates under the strict oversight of two regulatory authorities: BAPPEBTI and ICDX in Indonesia. This regulatory status confirms that GIB adheres to the necessary financial regulations, thereby providing a degree of assurance regarding its legitimacy and operational integrity. Client funds are protected through the compliance measures enforced by these regulatory bodies, which aim to uphold the rights of all stakeholders involved. By maintaining regulatory compliance, GIB ensures a safer trading environment for its clients, allowing them to trade with greater confidence. As a regulated broker, GIB demonstrates a commitment to industry standards and investor protection.
Trading Products and Services
What Trading Instruments Does GIB Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
GIB provides a diverse array of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different types of traders, from beginners looking to explore the market to seasoned professionals seeking to implement advanced trading strategies. The inclusion of multiple asset categories not only enhances portfolio diversification but also allows traders to adapt their strategies according to market conditions. By offering a broad selection of products, GIB supports flexible trading options that can align with various investment goals and risk appetites.
Account Types and Trading Conditions
What Account Types and Fees Does GIB Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Regular Account | Experienced traders | Access to a wide range of trading instruments | Suitable for active trading |
| Mini Account | Beginners | Lower minimum deposit requirements | Ideal for small-capital practice |
| Demo Account | Novice traders | Risk-free trading environment | Allows practice without financial risk |
Account Opening Process
To open an account with GIB, follow these steps: 1. Visit the GIB website. 2. Look for the “Open Real Account” option. 3. Fill out the account opening form with personal information, including your full name, email address, and phone number. 4. Choose your desired account type. 5. Review and accept the terms and conditions. 6. Submit your application. 7. Await confirmation from GIB regarding your account status. 8. Once approved, fund your account through the available payment methods. Ensure that your identity is verified by providing necessary documents like ID and proof of address. Flexibility to upgrade to a professional account later may be available.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Tight spreads for major pairs |
| CFDs (Stocks) | Varies | $X per lot | Dependent on the stock |
| CFDs (Indices) | Varies | $X per lot | Market dependent |
| CFDs (Commodities) | Varies | $X per lot | Market dependent |
| Cryptos (BTC, ETH) | Varies | $X per lot | Market fluctuations apply |
Other Fees
Other potential fees include: – Deposit and withdrawal fees, which may apply during transactions. – Inactivity fees, which could be charged if an account remains dormant for an extended period. – Platform usage fees, which may be applicable based on the trading platform used. – Overnight interest (swap rates) that may be charged for positions held overnight. – Currency conversion fees, applicable when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does GIB Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | Secure login (2FA), multiple order types, technical indicators | Demo account available, API interface |
| MT5 | Windows, macOS, iOS, Android | Secure login (encryption), market search, economic calendar | Demo account available, VPS |
| Web Version | Browser-based (all devices) | Secure login (encryption), price alerts, one-click trading | Demo account available |
| Mobile App | iOS, Android | Secure login (biometrics), price alerts, push notifications | Demo account available |
The MT4 platform is widely recognized for its robust functionalities, making it suitable for both novice and experienced traders. MT5 offers advanced features and is ideal for those who require additional analytical tools and multi-asset trading capabilities. The web version provides the flexibility of trading from any device without downloading software, while the mobile app enhances convenience with secure logins and real-time alerts. GIB supports mobile trading across various platforms, ensuring secure logins, fast order execution, and efficient search tools for all traders.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min $100, Max $20,000/day | IDR, USD |
| E-Wallet (e.g., OVO, DANA) | Instant | 1.5% e-wallet charge | Min $50, Max $10,000/day | IDR |
| Credit/Debit Card | 1–2 business days | No fees | Min $100, Max $15,000/day | IDR, USD |
Minimum Deposit
The minimum deposit requirement at GIB is $50 for the Mini Account and $100 for the Regular Account. This amount may vary based on the payment method and account type chosen.
How to Withdraw
- Log in to your GIB account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw and confirm your details.
- Submit your withdrawal request.
- Wait for the processing time to elapse, after which your funds will be transferred to your chosen method.
Customer Support
GIB Customer Support Overview
Support Channels
GIB provides several contact methods for customer assistance. You can reach out via:
- Email: Customers can send their inquiries to kontak@giberjangka.co.id.
- Phone: Contact GIB directly at +62 (021) 397 20818 for immediate support.
- Social Media: GIB is also available on various social media platforms, allowing for additional channels for customer inquiries.
Service Availability
GIB offers customer support during business hours, although specific hours are not stated. The support is likely available 24/5, ensuring that clients can receive assistance throughout the trading week. Multilingual support may also be available, catering to a diverse clientele.
Frequently Asked Questions
GIB is a legitimate company regulated by BAPPEBTI and ICDX in Indonesia. It operates under the supervision of the Indonesian Ministry of Finance and complies with all necessary regulations to ensure customer protection.
GIB offers a range of market instruments, including multilateral contracts such as mining commodities, plantation committee, and GOFX (Global Options Forex), as well as bilateral contracts like foreign currency trading, gold & silver index, index of crude oil, and index stock.
GIB provides Regular Accounts and Mini Accounts for trading. These accounts allow customers to engage in real transactions and access the various features and services offered by GIB.
Funds can be deposited into your GIB account through Bank Transfer. Withdrawal requests can be made through the Client Area on the GIB website, indicating the desired amount to be withdrawn. Funds can only be transferred to a bank account with the same name as stated during the initial account opening process.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.