Reported as a scam / unregulated
Why IBF is on the register
IBF is not a reliable broker for traders even though it states offers that look good to be true. IBF claims it has membership in and is regulated by several authorities, including: 1) The Indonesia Commodity Futures Trading Regulatory Agency (BAPPEBTI); 2) The Jakarta Futures Exchange (JFX); 3) The Indonesian Derivatives Clearing House (KBI). However, Please be informed that none of the above authorities regulates entities offering forex services and products. That means IBF is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.