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The WikiFX Score of this broker is reduced because of too many complaints!

IBH

Malaysia|10-15 years|
Market Making(MM)|Suspicious Scope of Business|High potential risk|

https://ibhinvestmentbank.com

Website

Rating Index

Contact

enquiry@ibhinvestmentbank.com
https://ibhinvestmentbank.com
Level 6F (2), Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T.
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

IBH Investment Bank Limited

Abbreviation

IBH

Platform registered country and region

Malaysia

Company website

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2024-09-08
  • The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

IBH · WikiFX Survey

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IBH · Company Summary

Aspect Information
Company Name IBH Capital (Labuan) Limited
Registered Country/Area Labuan
Founded Year 2009
Regulation Regulated by Labuan FSA
Minimum Deposit USD 200
Maximum Leverage 1:500
Spreads Starting from 0.005pips
Trading Platforms MT4 and MT5
Tradable Assets Forex, cryptocurrencies, investment banking, wealth management, and more
Account Types Standard Account, ECN Account, Islamic Account
Customer Support Email at enquiry@ibhinvestmentbank.com, phone at +608-7421-663
Deposit & Withdrawal Bank wire transfer, credit card, debit card, e-Wallets
Educational Resources Basic trading guide and video tutorial library

Overview of IBH

Established on July 9, 2009, IBH Capital (Labuan) Limited, with registration number LL06841, is a Labuan-based financial institution boasting a substantial registered capital of USD 100 million. Regulated by the Labuan Financial Services Authority (Labuan FSA), IBH ensures a compliant trading environment.

The platform offer a wide array of financial products and services, including forex, cryptocurrencies, investment banking, and wealth management. Additionally, IBH provides access to the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, featuring user-friendly interfaces and advanced charting tools.

Overview of IBH

Is IBH legit or a scam?

IBH is under the regulatory oversight of the Labuan Financial Services Authority(Labuan FSA), ensuring compliance with relevant regulations in the virtual currency exchange industry. It holds a Market Making (MM) license, with regulatory authority stemming from Malaysia, with License No. LL 06841.

Is IBH legit or a scam?

Pros and Cons

Pros Cons
- Regulated by the Labuan FSA - No demo account
- Offers a wide range of products and services - Limited educational resources
- Competitive spreads and commissions
- Excellent customer support
- MT4/5 trading platform

Pros:

  1. Regulated by the Labuan FSA: IBH is regulated by the Labuan Financial Services Authority, ensuring a level of oversight and compliance that can enhance the trust and security of traders.

  2. Offers a Wide Range of Products and Services: IBH provides a comprehensive suite of financial products and services, including forex, cryptocurrencies, investment banking, and wealth management.

  3. Competitive Spreads and Commissions: IBH offers competitive spreads and commissions, which can result in cost savings for traders, particularly for those engaging in high-frequency trading or seeking cost-effective solutions.

  4. Excellent Customer Support: The broker provides responsive and accessible customer support through multiple channels, including phone, email, and live chat, ensuring that traders can receive assistance promptly when needed.

  5. MT4/5 Trading Platform: IBH offers access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their user-friendly interfaces, advanced charting tools.

Cons:

  1. No Demo Account: IBH does not offer a demo account option. A demo account is a valuable tool for traders, especially beginners, to practice and learn without risking real capital.

  2. Limited Educational Resources: While they provide a basic trading guide and video tutorials, the range of materials may not be sufficient for traders seeking in-depth educational support or advanced trading knowledge.

Market Instruments

IBH offers a diverse range of market trading assets, encompassing wealth management, investment banking, niche market blockchain solutions, gold, forex, cryptocurrency, and financial management services.

  1. Wealth Management: IBH provides comprehensive wealth management solutions tailored to clients' financial objectives and risk tolerance. This includes investment portfolio management, asset allocation, and financial planning.

  2. Investment Banking: IBH's investment banking services cover a wide spectrum of financial activities, including mergers and acquisitions, capital raising, and strategic advisory services. These services are designed to assist businesses in achieving their growth and financial goals.

  3. Blockchain Niche Market: IBH specializes in blockchain technology, offering unique opportunities in this rapidly evolving sector. This includes investments in blockchain-based projects, cryptocurrencies, and decentralized finance (DeFi) solutions.

  4. Gold: IBH facilitates trading in precious metals, with a focus on gold. This allows investors to diversify their portfolios and take advantage of the stability and potential value growth that gold offers.

  5. Forex: IBH offers access to the foreign exchange market (Forex), enabling traders to engage in currency pair trading. Forex trading is known for its high liquidity and potential for profit in global currency movements.

  6. Cryptocurrency: IBH keeps pace with the digital revolution by offering cryptocurrency trading services. This includes popular cryptocurrencies like Bitcoin, Ethereum, and more, providing investors with exposure to the rapidly evolving crypto market.

  7. Financial Management: IBH assists clients in effective financial management, offering strategies for wealth preservation and growth. This includes risk management, asset protection, and tax planning.

Market Instruments

Account Types

IBH offers three distinct account types to cater to the diverse needs of traders: Standard Account, ECN Account, and Islamic Account.

Standard Account:The Standard Account at IBH is designed for traders seeking a balance of leverage and trading costs. With a generous leverage of 1:500, traders have the potential for substantial market exposure. The spreads start from a competitive 0.03 pips, keeping trading costs reasonable. There is no commission charged, making it accessible for traders looking for a straightforward fee structure. The minimum deposit requirement is set at USD 200, making it accessible to a wide range of traders.

ECN Account:The ECN Account is tailored for traders who value low spreads and direct market access. It offers a leverage of 1:500, providing traders with ample flexibility. Spreads start from an exceptionally tight 0.005 pips, making it attractive for those who seek competitive pricing. A commission of USD 7 per lot is applied to trades, aligning with the direct market access feature.

Islamic Account:The Islamic Account at IBH is structured to be compliant with Shariah principles, making it suitable for traders who require adherence to Islamic finance guidelines. It offers a leverage of 1:500, maintaining competitive market exposure. Spreads start from 0.03 pips, with no commissions charged. .

Standard Account ECN Account Islamic Account
Leverage 1:500 1:500 1:500
Spread Starting from 0.03 pips Starting from 0.005 pips Starting from 0.03 pips
Commission None USD 7 per lot None
Minimum Deposit USD 200 USD 200 USD 200
Demo Account No No No
Trading Tool MetaTrader 4, MetaTrader 5 MetaTrader 4, MetaTrader 5 MetaTrader 4, MetaTrader 5
Customer Support 24/7 customer support via phone, email, and live chat 24/7 customer support via phone, email, and live chat 24/7 customer support via phone, email, and live chat

How to Open an Account?

Opening an IBH account involves several straightforward steps.

Step 1: Visit the IBH Website

  • Go to the official IBH Investment Bank website.

Step 2: Choose 'Open an Account'

  • Locate and click on the “Open an Account” or “Sign Up” button on the website's homepage.

Step 3: Select Account Type

  • Choose the type of account you wish to open, such as Standard, ECN, or Islamic, based on your trading preferences.

Step 4: Complete the Online Application

  • Fill out the online application form with your personal information, including name, contact details, and financial information.

Step 5: Submit Documentation

  • Upload the necessary identification documents, which may include a valid ID, proof of address, and any other documents required by IBH.

Step 6: Verification and Approval

  • IBH will review your application and documents. Once approved, you will receive confirmation and account login details. This may involve a Know Your Customer (KYC) process.

How to Open an Account?

Leverage

IBH Investment Bank offers leverage up to 1:500 for FX trading. Leverage is a powerful tool that can help you to amplify your profits, but it can also increase your risk.

Leverage

Spreads & Commissions

BH Investment Bank offers a variety of spreads and commissions depending on the account type and market instrument.

Standard Account

  • Spreads: Floating spreads, with major currency pairs at 0.03 pips and minor currency pairs at 0.08 to 0.10 pips.

  • Commissions: None.

ECN Account

  • Spreads: Raw spreads, with major currency pairs at 0.005 pips and minor currency pairs at 0.01 to 0.02 pips.

  • Commissions: USD 7 per lot.

Islamic Account

  • Spreads: Floating spreads, with major currency pairs at 0.03 pips and minor currency pairs at 0.08 to 0.10 pips.

  • Commissions: None.

Standard Account ECN Account Islamic Account
Spread Starting from 0.03 pips Starting from 0.005 pips Starting from 0.03 pips
Commission None USD 7 per lot None

Trading Platform

IBH Investment Bank provides traders with access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are well-known and widely used in the trading industry.

MetaTrader 4 is recognized for its user-friendly interface and extensive charting tools, making it suitable for both beginners and experienced traders. It offers a range of technical indicators, customizable charts, and automated trading capabilities through Expert Advisors (EAs).

MetaTrader 5, on the other hand, is a more advanced version of the platform, offering additional features such as more timeframes, additional technical indicators, and an economic calendar. It is preferred by traders who require more complex analysis tools.

Both platforms provide access to a variety of financial instruments, including forex, commodities, and indices. They also offer mobile and web versions for traders on the go.

While MT4 and MT5 are reputable platforms, their performance and reliability can vary depending on the broker's infrastructure. Traders should consider factors like execution speed, spreads, and customer support when evaluating their experience with IBH Investment Bank's trading platforms.

Trading Platform

Deposit & Withdrawal

IBH Investment Bank offers a variety of payment methods, including:

  • Bank wire transfer

  • Credit card

  • Debit card

  • e-Wallets (Neteller, Skrill, and others)

The minimum deposit for all account types is USD 200.

Payment processing times vary depending on the payment method used. Bank wire transfers typically take 3-5 business days to process, while credit and debit card deposits are processed immediately. e-Wallet deposits are also typically processed immediately.

Deposit & Withdrawal

Customer Support

Clients seeking assistance or addressing trading-related concerns have access to IBH Investment Bank Limited's customer support through various channels:

  1. Telephone: Reach out to the dedicated support team via the following phone numbers: +608-7421-663, +603-2161-1005, and +603-2162-1002.

  2. Email: Inquiries can be directed to the customer support email address: enquiry@ibhinvestmentbank.com.

  3. Social Media: IBH Investment Bank Limited can be followed on social media platforms like Facebook and LinkedIn. Clients can stay informed about the latest updates and news by following their profiles.

This multi-channel approach to customer support ensures that clients have a range of options for seeking assistance and information related to their trading activities.

Customer Support

Educational Resources

IBH Investment Bank provides a limited set of educational resources, consisting of a basic trading guide and a video tutorial library. These resources offer valuable insights and guidance for traders, albeit within a restricted range of educational materials.

The trading guide covers fundamental trading principles, while the video tutorial library caters to traders with varying skill levels, offering comprehensive tutorials on trading strategies, platform usage, and market analysis. While the educational resources are not extensive, IBH acknowledges their significance in empowering traders with the knowledge necessary to make informed decisions in the financial markets.

Conclusion

In conclusion, IBH Investment Bank, regulated by the Labuan FSA, offers a diverse range of financial products and services, competitive spreads, and excellent customer support through the popular MT4/5 trading platforms.

However, the absence of a demo account limits the ability to practice without risk, and the educational resources, though useful for beginners, may fall short for traders seeking advanced knowledge. Traders should weigh the pros and cons to determine if IBH aligns with their trading goals and preferences.

FAQs

Q: What is the minimum deposit required to open an account with IBH Investment Bank?

A: The minimum deposit requirement for an IBH account is USD 200.

Q: Can I access customer support during weekends with IBH?

A: Yes, IBH provides 24/7 customer support via phone, email, and live chat, including weekends.

Q: Are there any commissions charged for trading with IBH?

A: Yes, IBH charges commissions for certain account types, such as the ECN Account, which has a commission of USD 7 per lot.

Q: What trading platforms are available at IBH?

A: IBH offers access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, both known for their user-friendly interfaces and advanced charting tools.

Q: Is IBH regulated by any financial authority?

A: Yes, IBH is regulated by the Labuan Financial Services Authority (Labuan FSA), ensuring compliance and oversight.

Q: Does IBH provide a demo account for practicing trading strategies?

A: No, IBH does not offer a demo account option for traders to practice without risking real capital.

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