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SIBL

Regulated
Indonesia
,
Since 1991
Last Updated:
17/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
N/A
Account Types
Cash (invest)Cash (invest)Cash (invest)+5 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

8 methods

Bank Transfer

wire transfer
3 days
Fee:
Free
Fee:
Free

Debit Cards

debit card
Instant
Fee:
Free
Fee:
Free

Online Banking Transfers

bank transfer
Instant
Fee:
Free
Fee:
Free

Mobile Banking Transfers

bank transfer
Instant
Fee:
Free
Fee:
Free

Cheque Deposits

other
2 days
Fee:
Free
Fee:
Free

Cash Deposits

other
Instant
Fee:
Free
Fee:
Free

Mobile Wallet Transfers

e wallet
Instant
Fee:
Free
Fee:
Free

Prepaid Cards

debit card
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 4%, 2: License 37%, 3: Software 0%, 4: Spread 0%, 5: Account Type 9%, 6: Symbol 0%
Regulation
4%Poor
License
37%Poor
Software
0%Poor
Spread
0%Poor
Account Type
9%Poor
Symbol
0%Poor

Company Information

Full Name:Social Islami Bank Limited
Founded:1991
Headquarters:Indonesia
Enterprise Offices:1offices

Customer Support

Phone:
+880 9612001122
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Introduction and Overview

SIBL is a trading brokerage firm and financial services provider striving to bring together a platform where individuals and institutional investors could actively participate in a range of financial markets. With rather limited information on SIBL, this review aims to give insight into the broker using whatever information could be gathered and to discuss elements important to traders when considering a brokerage firm.

It is easy to understand the offers, regulatory status, trading conditions, and general user experience attributed to SIBL to make informed decisions as clients.

Background and History

Little information is provided on the history and background of SIBL. As there is no record or any declaration by the organization, it's difficult to track the origination date, founding members, or any major developments. This isn't particularly uncommon for the financial services industry, even for younger or less well-known brokers.

But even so, with SIBL in the trading broker space, an operational framework would provide Market access to traders. Further notice and disclosing is highly expected from the company for the future development and strategic vision.

Key Features & Offerings

Whereas the particular details of the products offered by SIBL are not found on highly trailed paths, this category of broker normally provides access to various market instruments: forex, commodities, indices, and possibly even cryptocurrencies. SIBL probably provides a trading platform to execute any of the above-mentioned markets for clients to trade on, analyze, and manage their portfolio.

In addition to these tools, most brokers offer other services to make trading more rewarding, such as learning resources, customer support, and account management tools. Due to the lack of available data, at this point the features and services that would be available with SIBL are undetermined.

Licensing and Compliance Issues

The main reason why one would be looking for a broker is regulation, whereby it will assure financial standards and protection for clients. Unfortunately, very little information about the SIBL regulated licenses is known. In any case, this broker doesn't have an evident regulatory status, so potential clients should be careful and may seek double verification.

Table 1 below summarizes the current status known about SIBL regulatory compliance.

Regulator

License Number

Status

N/A

Not Available

Limited available information

Trading Conditions and Platform Technology

The conditions of trading, like spreads, leverage, and requirements of the minimum deposit, are necessary to determine whether a broker fits the trading style. It is regrettable that details on the trading conditions of SIBL are not available to the general public. While it is expected that a broker offers competitive spreads and choices of leverage to fit various trader profiles, these remain unconfirmed with SIBL at the moment.

On the platform technology, most brokers offer either a proprietary or third-party platform, such as MetaTrader 4 or 5, which has advanced charting and order execution capabilities. Just which of these platform(s) SIBL supports is not specified.

Below is a summary table reflecting the scarce data available on SIBL's trading conditions:

Deal Condition

Details

Spreads

Limited information available

Leverage

Limited information available

Minimum Deposit

Limited information is available

Trading Platform

Information scarce

Fee Structure

It is very important for traders to understand the fee structure, so that they can work on cost management. Fees will include commissions, spreads, deposit and withdrawal charges, inactivity fees, and more. In the case of SIBL, complete detailed information about fees is not provided publicly, and hence a certain description cannot be derived.

The fees are illustrative and may not reflect the actual fee applicable at the time of opening any account with SIBL. Potential clients are advised to directly ask for the prevailing and accurate fee schedules from SIBL.

Fee Type

Information

Fees for Deposits

Information is scarce

Withdrawal Fees

Limited information is available.

Commission

Limited information available

Conclusion

SIBL positions itself as a trading broker in financial services, but scarce publicly available information does not allow deep analysis of its services, regulatory position, and trading conditions. Perspective customers should be very cautious and contact SIBL directly for detailed information before starting to trade. As with any financial service provider, due diligence, verification of regulatory compliance, and understanding of fee structures are essential to assure a safe and productive trading experience.

Regulatory Licenses

Compliance & oversight

1 license
Bangladesh
FSCTier 3
Bangladesh
License Details
Type:Financial Service
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

8 types
Cash (invest)
Invest
Min Deposit BDT 100,000 • Leverage 1:1 • Commission Not specified
Min DepositBDT 100,000
Leverage1:1
CommissionNot specified
Cash (invest)
Invest
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Cash (invest)
Invest
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Cash (invest)
Invest
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Cash (invest)
Invest
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Cash (invest)
Invest
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Cash (invest)
Invest
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Cash (invest)
Invest
Min Deposit BDT 10,000 • Leverage 1:1 • Commission Not specified
Min DepositBDT 10,000
Leverage1:1
CommissionNot specified
8
Total Types
1
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

10 methods
Bank Transfer
Wire Transfer3 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
For international transfers, ensure SWIFT codes are accurate to avoid delays.
Debit Cards
Debit CardInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Available for domestic and international use, subject to card activation and regional restrictions.
Online Banking Transfers
Bank TransferInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Ensure online banking credentials are secure and authorized.
Mobile Banking Transfers
Bank TransferInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Ensure mobile banking app is updated to latest version.
10
Free Deposit
10
Instant
0
Crypto

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with SIBL: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark SIBL at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for SIBL

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

0 sites

No Website Information

Website domains not available for this broker yet.

Social Presence

Digital community engagement

5 platform
Scroll to see all 5 platforms

Corporate Network

Enterprise structure & relationships

1 entities

SOCIAL ISLAMI BANK LIMITED

Bangladesh
active

Registration

C-28763

Established

2019-03-04

Comments

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