Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
3/10 · LowGenuine BAPPEBTI licence (business plus SPA) verified on the regulator's own register, with segregated client accounts at BCA and ICDX and ICH membership; a national (not top-tier) regulator and a recent licence.
Identity & transparency
2/10 · LowNamed legal entity with a verified 2024 incorporation, a real Jakarta head office, seven licensed representatives and accurate disclosures; highly transparent.
Withdrawals & conduct
3/10 · LowNo fund-integrity complaint can be pinned to gifx.co.id; brand-only aggregator complaints appear to concern the separate offshore GIFX Prime; short history limits assurance.
Reputation
4/10 · ModerateLittle independent reputation: no Trustpilot profile and few reviews, and brand searches are muddied by the warning-listed offshore GIFX Prime.
Website claims
2/10 · LowLicence and membership numbers on the site all match the official registers; a 2024 copyright and no inflated history; minor gap is the inactive register verify link.
Operational history
5/10 · ModerateVerified operating history under three years: company incorporated 7 February 2024 and licensed in mid 2024.
Who they are
A quick desk file on the company behind the brand.
- Brand: GIFX (styled GIFx)
- Legal entity: PT. Glori Investama Berjangka
- Registered: AXA Tower, Floor 28, Unit OT/28/05 Blok Oval, Kuningan City, Jl. Prof. Dr. Satrio Kav. 18, Setiabudi, South Jakarta 12940, Indonesia
- Incorporated: 7 February 2024 (Ministry of Law decree AHU-0011075.AH.01.01.TAHUN 2024)
- Website: gifx.co.id (client portal at my.gifx.co.id)
- Regulator: BAPPEBTI (Indonesia), licence 0001/BAPPEBTI/SI/07/2024 and SPA permit 01/BAPPEBTI/SPA/09/2024
- Memberships: ICDX exchange (290/SPKB/ICDX/DIR/IV/2024) and Indonesia Clearing House (264/SPKK/ICH/IV/2024)
- Offers: Forex, metals, energy and other CFDs on MetaTrader 5 and a GIFX app; 180 plus instruments
- Not accepted: Clients from the United States, Iran and North Korea
- Age claim: The site shows a 2024 copyright and makes no claim of a longer history
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi)
BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi)
ICDX (Indonesia Commodity and Derivatives Exchange)
Indonesia Clearing House (ICH / PT Kliring Berjangka Indonesia)
Why we reached this verdict
How the evidence adds up.
We publish 65% (high risk, unverified) because GIFX is a genuine but very young broker, and on a broker this new a clean record proves little.
- The licence is real. BAPPEBTI's own register lists GLORI INVESTAMA BERJANGKA with business licence 0001/BAPPEBTI/SI/07/2024, SPA permit 01/BAPPEBTI/SPA/09/2024, the website gifx.co.id, segregated client accounts at Bank Central Asia, and seven licensed representatives. The details match the website exactly, so this is not a clone.
- The company is under two years old. The ICDX exchange register records incorporation on 7 February 2024, and the licences date from mid 2024. Our method treats any broker under three years old as high risk until it builds a track record.
- Our evidence-based score was about 30%. Nothing we found points to fraud: the regulation checks out, the office is real, and no regulator has warned about gifx.co.id. Because the operation is so new, we raise the published figure to 65% and label it unverified rather than clearing it.
- The brand is shared with a warned offshore operation. GIFX Prime (gifxprime.com), a Saint Vincent company on the UAE regulator's alert list since 2022, is a different business. We did not count its warnings against this company, but the name overlap is a real confusion risk for clients.
- Independent reviews are scarce. There is no Trustpilot page for gifx.co.id and little first-hand client feedback, so we cannot yet confirm that withdrawals work smoothly.
Evidence ledger
Every finding, with its source and how strongly it points.
E1BAPPEBTI's official register confirms GLORI INVESTAMA BERJANGKA holds business licence 0001/BAPPEBTI/SI/07/2024 and SPA permit 01/BAPPEBTI/SPA/09/2024, and names the official website as www.gifx.co.id.
Hard proofBAPPEBTI register (PLG8894)E2The ICDX exchange member register states the company was established by deed dated 7 February 2024 (Ministry of Law decree AHU-0011075.AH.01.01.TAHUN 2024), establishing a very short operating history.
StrongICDX member registerE3Clone test passes: the register's recorded website (www.gifx.co.id), phone (021 3000 7111) and AXA Tower address match the investigated site exactly, so the licence belongs to this operation and it is not impersonating anyone.
E4Client funds are held in segregated accounts at Bank Central Asia (separate IDR and USD accounts listed on the register), as required of a BAPPEBTI broker.
ModerateBAPPEBTI register (PLG8894)E5The register names seven licensed representatives (Wakil Pialang Berjangka) for the firm, consistent with a staffed, supervised brokerage rather than a shell.
ModerateBAPPEBTI register (PLG8894)E6The broker's own site states its licences accurately (BAPPEBTI, ICDX and ICH numbers matching the registers), shows a 2024 copyright with no inflated history, and routes complaints to the BAPPEBTI complaint portal.
ModerateGIFX company pageE7A separate operation, GIFX Prime (gifxprime.com), is incorporated in Saint Vincent and the Grenadines and was added to the UAE SCA investor alert list on 28 October 2022; it is a different company, domain and country, so its warnings do not attach to gifx.co.id.
StrongGlobegain broker profileE8An English-language broker aggregator maps the GIFX brand to gifx.co.id but its four user complaints cite no website and use non-Indonesian names, so they cannot be attributed to this Indonesia-only broker given the brand collision with GIFX Prime.
E9No regulator warning or illegal-entity listing names gifx.co.id or PT. Glori Investama Berjangka; instead the company appears on Indonesia's official licensed-broker register.
ModerateBAPPEBTI register (PLG8894)E10No Trustpilot review profile exists for gifx.co.id and independent reviews are sparse, consistent with a very new broker and leaving the clean picture largely unproven.
WeakTrustpilot
The other side
The strongest case in this broker’s favour.
The honest case that GIFX is safe to use is reasonably strong:
- It holds a full, current licence from BAPPEBTI, the correct regulator for an Indonesian futures and forex broker, verified on the regulator's own register.
- Client funds must sit in segregated accounts at Bank Central Asia, a major Indonesian bank, and trades clear through the Indonesia Clearing House, which runs a guarantee fund.
- The company has a real, staffed head office in a landmark Jakarta tower, named licensed representatives, and openly recruits staff and interns through Indonesian universities and job boards.
- Its website claims are accurate and modest: the licence numbers all check out, and it does not pretend to be older or more regulated than it is.
- No regulator warning, enforcement action or credible client-fund complaint names gifx.co.id or PT. Glori Investama Berjangka.
If the broker keeps operating cleanly for another year or two, a low-risk rating would be fair.
What would change this
What we would need to see to revise the verdict.
The rating would move down (safer) or up (riskier) on evidence like this:
- Lower risk: a further one to two years of clean operation, plus independent reports of smooth withdrawals from Indonesian clients.
- Lower risk: continued presence on the BAPPEBTI, ICDX and ICH registers in good standing.
- Higher risk: a BAPPEBTI sanction, suspension, or removal from the register, or an entry on the BAPPEBTI illegal-entity list.
- Higher risk: a consistent, specific pattern of clients on two or more platforms reporting blocked withdrawals, deleted balances, or demands for extra payment before funds are released.
- Higher risk: evidence that this company shares owners, staff or infrastructure with the warned offshore brand GIFX Prime.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
BAPPEBTI register entry (licence record)
Indonesia's futures regulator: the broker's licence, official website and segregated accounts.
ICDX exchange member record
Exchange membership plus the 7 February 2024 incorporation details.
Indonesia Clearing House member record
Clearing-house membership record.
BAPPEBTI complaint portal
Official channel to report a problem with an Indonesian futures broker.
GIFX regulation and company page
The broker's own statement of its licences and memberships.
Frequently asked questions
Quick answers about this broker’s safety.
Is GIFX a scam?
We found no evidence that GIFX (gifx.co.id) is a scam. It holds a genuine licence from Indonesia's futures regulator BAPPEBTI, keeps client money in segregated bank accounts, and has no regulator warnings against it. We still rate it high risk only because it is a very new broker with little track record.
Is GIFX a fraud?
No. We found no regulator warning, no enforcement action and no court record accusing PT. Glori Investama Berjangka of fraud, and its BAPPEBTI licence is real. The word fraud does attach to a different, unlicensed operation called GIFX Prime, which is not this company.
Is GIFX regulated?
Yes. GIFX is run by PT. Glori Investama Berjangka, licensed by BAPPEBTI (business licence 0001/BAPPEBTI/SI/07/2024 and SPA permit 01/BAPPEBTI/SPA/09/2024) and a member of the ICDX exchange and the Indonesia Clearing House. You can confirm this on BAPPEBTI's own register.
Can I withdraw my money from GIFX?
We found no verified complaints about blocked withdrawals at gifx.co.id. As a BAPPEBTI broker it must hold client funds in segregated accounts at Bank Central Asia. Because the broker is new and reviews are scarce, test a small withdrawal early and keep records.
Is my money safe with GIFX?
Your funds are meant to sit in segregated accounts, separate from company money, and trades clear through the Indonesia Clearing House guarantee system. That is real protection, but it is not a deposit-insurance scheme, and leveraged trading can still lose you money. Treat a two-year-old broker with normal caution.
Who owns GIFX?
The operating company is PT. Glori Investama Berjangka, an Indonesian limited company incorporated on 7 February 2024 and based at AXA Tower in South Jakarta. It has seven BAPPEBTI-licensed representatives listed on the register.
How old is GIFX?
The company was incorporated on 7 February 2024 and licensed in mid 2024, so it is under two years old. Any claim that it has been trading since 2004 is not supported; the broker's own site shows a 2024 copyright and makes no such claim.
Is GIFX the same as GIFX Prime (gifxprime.com)?
No. GIFX Prime is a separate, unlicensed broker incorporated in Saint Vincent and the Grenadines and placed on the UAE regulator's investor alert list in 2022. It uses a different website, company and country. Scam reports about GIFX Prime do not apply to the Indonesian GIFX at gifx.co.id.
What is BAPPEBTI and is its licence worth anything?
BAPPEBTI is Indonesia's government regulator for commodity and futures trading. Its licence is genuine regulation: it requires segregated client accounts, licensed representatives and clearing through the Indonesia Clearing House. It is a national regulator rather than a top-tier global one, and it does not run a retail compensation fund, so it protects your rights as a client more than your trading losses.
Is GIFX a clone of another broker?
No. The BAPPEBTI register lists gifx.co.id as the official website for PT. Glori Investama Berjangka, and the licence numbers, address and phone all match the site. That is the opposite of a clone, which would wear another firm's details.
What should I check before depositing with GIFX?
Confirm you are on gifx.co.id and not a look-alike such as gifxprime.com. Search BAPPEBTI's register for Glori Investama Berjangka (the broker does not publish a direct verify link, so check it yourself). Deposit only to the named segregated accounts at Bank Central Asia, start small, and test a withdrawal.
What do I do if I was scammed or cannot withdraw from GIFX?
Contact the broker's complaint line (+62 21 300 141 88) and email first, keeping written records. If that fails, file a complaint with BAPPEBTI at pengaduan.bappebti.go.id, which supervises the company. Do not pay any extra fee or tax that someone says is needed to release your funds, as that is a classic scam demand.
What we recommend
The practical takeaway from everything above.
For anyone considering GIFX:
- Confirm the licence yourself on BAPPEBTI's register (search for Glori Investama Berjangka) before depositing, and make sure you are on gifx.co.id, not gifxprime.com.
- Treat it as a new broker: start small, keep records of deposits and withdrawals, and test a small withdrawal early.
- Only deposit into the named segregated company accounts at Bank Central Asia, never into a personal account or a crypto wallet handed to you by an agent.
- If you hit a problem, use the broker's complaint line and email, then escalate to BAPPEBTI at pengaduan.bappebti.go.id.
- Remember that leveraged futures and CFD trading is high risk, and a licence protects your rights as a client, not your trading losses.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 11, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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