WikiFX

Reply

As an experienced trader, my approach to any broker always centers around regulation, transparency, and the granular details of their offerings—particularly leverage. For SIBL, however, there’s a notable problem: despite its 5-10 years in operation and being based in Bangladesh under the entity Social Islami Bank Limited, there is no valid regulatory information available. WikiFX also rates its risk management at 0.00 and assigns it a very low overall score, flagging high potential risk. Critically, their public documentation and the available broker analysis do not disclose any specifics regarding the highest leverage provided for major forex pairs, nor do they differentiate leverage levels across asset classes. This is not a trivial omission; in my professional view, a lack of transparent leverage information is a major red flag. As someone who understands how leverage amplifies both opportunity and risk, I want to know exactly what levels I’m exposed to before I even consider opening an account. Without regulation and published leverage ratios, I cannot verify whether SIBL offers competitive conditions or exposes traders to unmanageable risk. This makes it difficult, if not impossible, for me to trust SIBL for serious forex trading, let alone for exploring other asset classes. Until transparent, independently-verified information about their leverage and risk controls becomes available, my stance is one of caution and avoidance.