Infinox is a CFD and Forex broker that has been providing trading services since 2009. The company has its head office in the Bahamas, as well as 14 regional offices. The broker provides the opportunity to trade currency pairs (Forex) and contracts for difference (CFDs) on stocks, stock indices, commodities, cryptocurrencies, and futures. Infinox operates under licences from the UK (FCA), Mauritius (FSC), and Bahamas (SCB) regulators.
|💰 Account currency:||USD, EUR, GBP, AUD|
|🚀 Minimum deposit:||From USD 1|
|⚖️ Leverage:||Up to 1:500|
|💱 Spread:||From 0.8 pips (STP), from 0.2 pips (ECN)|
|🔧 Instruments:||currency pairs (34)|
CFDs on stocks (8 markets)
|💹 Margin Call / Stop Out:||100% / 50%|
What is Infinox?
Infininox was formed in 2009 with the approach of offering trading solutions and focusing on ultimate trading technology while each client is treated fairly as a unique trader, not an account member only.
Before launching its own brand, Infinox received a licence for the Vantage FX and, afterward, while building a reputation, the GO brand. Furthermore, brokers realised in 2016 that the only way to survive is to provide clients with market-leading technology and authentic service through their own individual brand, so Infinox is now exclusively branded globally.
Nowadays, the broker continues its growth and, while headquartered in the UK, also offers international proposals via its entity in the Bahamas.
👍 Advantages of trading with Infinox:
- Six classes of trading instruments.
- Access to CFDs on stocks in eight markets.
- Insurance for deposits up to USD 500,000.
- Access to IX Social and MQL5 copy trading services.
- Tight spreads (from 0.2 pips on an ECN account).
Disadvantages of Infinox:
- No PAMM accounts.
- Limited educational materials.
- The support service works only 24/5.
- NO Free VPS
- No Instant Payout
- No Local Bank Depoist
Is Infinox safe or a scam
No, Infinox is not a scam, but rather an FCA-regulated broker with a low-risk Forex and CFD environment.
Is Infinox legit?
This is truly the most crucial question you should ask before you check with the broker. And the good news is that, yes, Infinox is legit and regulated.
Infinox Capital Limited is an international company recognised as a forex broker headquartered in London and fully authorised and regulated by the Financial Conduct Authority (FCA).
In addition, to cover international proposals, Infinox opened an entity in the Bahamas, which is authorised by the local SCB. Even though we do not recommend trading with solely offshore brokers due to the lack of serious regulation in those jurisdictions, together with FCA regulation, Infinox is considered a safe broker.
Infinox Trading Platforms
Infinox offers the all-round MetaTrader 4 (MT4) platform. Popular in customer reviews, users can trade forex, CFDs, and futures with a long list of helpful features, including:
- 2000+ built-in technical indicators & multiple chart types.
- Expert Advisors (EAs) for automated trading
- Real-time price quotes
- One-click trading
- Historical data
- 9 time frames
MT4 can be downloaded from the broker’s website. Download
Infinox also offers MetaQuotes’ platform MT5. This is a more advanced platform with support for a greater range of assets, more charting and indicator options, and a larger number of order types. All the same functionality of MT4 is maintained, with an increase in software efficiency and additional tools, plus access to equities.
The web-based version of MetaTrader means clients can invest without a software download. This is a great option for those looking to test the platform with a demo account while getting access to a range of indicators and charts, including moving averages, Bollinger bands, and more.
WebTrader can be opened directly from the Platforms page on the broker’s website and is compatible with most internet browsers, including Chrome and Safari.
Markets and Assets
Infinox offers five main asset classes:
- Forex: Trade 34+ of the most popular currency pairs, including AUD/USD, EUR/USD, and EUR/GBP.
- Trade on some of the world’s largest indices, including the FTSE100 and DAX40.
- Commodities – Hard and soft commodities such as gold, silver, and oil are traded.
- Equity CFDs: Buy and sell stocks in the world’s biggest companies, including Google and Facebook.
- Trade on futures with real-time Direct Market Access (DMA).
Commissions and Spreads
Spreads on major currency pairs typically begin at 0.2 pips for EUR/USD, 0.4 pips for GBP/USD, and 0.3 pips for EUR/GBP. Spreads on indices like the FTSE 100 typically range from 0.42 to 2.2 pips, while spreads on commodities like gold and silver range from 22 to 27 pips.
Commissions on equity CFDs and futures are variable. Specific commission charges can be found on the broker’s website, but in general, charges for futures are 1.5-2.8 pips and $0.02 for equity CFDs.
For forex, commodities, and indices, leverage ranges between 1:10 and 1:30. Leverage is limited due to ESMA regulations, but it still allows traders to significantly increase their positions. The margin on equity CFDs begins at 20% and varies for futures contracts.
The maximum leverage is 1:400, which helps increase your trading power if you are in a region that isn’t regulated by ESMA or if you are a professional client.
The MetaTrader platforms are available as mobile apps, which are compatible with iOS and Android smart devices. Users can trade easily anywhere with much of the same functionality as the desktop platforms, including full trading history, financial news, real-time quotes, and more.
Deposits and withdrawals can be made via debit or credit card, Skrill, Neteller, or bank transfer. Infinox does not charge for deposits; however, there may be intermediary fees. The minimum deposit is low at just £1, making the broker appealing to beginners.
Deposits are usually processed the same day, while withdrawals require a payment request form to be filled out before processing can begin.
Infinox offers a demo account with their MT4 ECN and MT4 STP accounts. The demo account allows users to practise their strategy in risk-free conditions. Access to the demo account lasts for 30 days, and investors receive 10,000 in virtual funds, although this can be increased upon request.
Promotions and bonuses
As per regulatory restrictions, Infinox does not offer any bonus deals or promotions. However, check the broker’s website and social media channels for news of any upcoming trading contests.
Regulation & Licensing
Infinox Capital Ltd is fully licenced and regulated by the UK Financial Conduct Authority (FCA). Should the broker receive too many online complaints, they may find themselves under investigation. Fortunately, we’re comfortable that Infinox is not a scam and can be trusted.
Infinox ensures that client money is segregated from company capital, in accordance with regulatory conditions. The broker is also covered by the Financial Services and Compensation Scheme (FSCS), which compensates clients up to £85,000 in the event of insolvency.
Infinox’s educational resources are primarily guides on trading fundamentals. Traders should look elsewhere for in-depth resources. Having said that, the broker does provide Autochartist, a market trend analysis tool that can be accessed through MT4, MT5, or as a standalone web application.
Infinox also has a social trading platform that is integrated with MT5 and offers a diverse set of assets as well as advanced tools. Automated copy trading, community leaderboards and rewards, strategy sharing, and social interactions are all features of social trading.
They also provide research via their IX Intel, where you can read the most recent news and access user-friendly training guides and materials. The broker is doing an excellent job of expanding its library of market research and trading advice.
At Infinox, there are two main account types to choose from. Traders can open an MT4 STP (Straight Through Processing) account, in which they pay only the spread on a trade, or an MT4 ECN (Electronic Communication Network) account, in which they pay lower spreads but also commission. The minimum deposit for STP/ECN accounts is just £1 (or EUR/USD/AUD).
There are also joint and corporate accounts available.
Trading hours for forex are Monday 00:00 to Friday 23:59 UK time. Most equity CFDs are open daily from 08:00 to 16:30 EST and most futures are open Sunday to Friday from 6:00 pm to 5:00 pm EST. Opening hours for other markets are more specific and can be found on the broker’s website.
Infinox Customer Support
Customer service is available 24/5 and in 6 languages, including English, Portuguese, Italian, and Arabic.
Investors can contact the customer support team via:
- Send an email to [email protected]
- 0-800-060-8744 is the phone number.
- Live chat – located in the website’s bottom right-hand corner.
Infinox’s registered office address is Birchin Court, 20 Birchin Lane, London, EC3V 9DU. Details for the Hong Kong office can be found on the website.
Infinox Capital Ltd has a competitive offering for traders of all levels. Despite the lack of educational resources, the broker offers multiple trading platforms, three account types, £1 minimum deposits, and is FCA regulated. We’re happy to recommend Infinox to our readers.
Infinox accepts traders from Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and Qatar, amongst others.
Traders can not use Infinox from the United States or Belgium.
Alternatives to Infinox
If you are looking for alternatives to Infinox we have compiled a list of the top Forex broker that are similar to Infinox below. This list of brokers like Infinox is in order of similarity and only includes companies that accept traders from your location.
Exness ; Exness is a top online broker offering MT4 & MT5 trading across a range of instruments.
Infinox Customer Reviews
I lossed huge hard earned amount in infinox account all off sudden… No security, no protection of fund… Very big scam
Also we all are suffering from this big loss and no any response and action from this cheater infinox…. God give them kindness to return my money.Rohini Mhaske from india
Operating spread scammer 9 August my account was washed out almost 15000 doller is washed due to broker spread scammingMangesh karande f
Infinox is a Cheat Dabba Broker only targeting Indians Clients. INFINOX has no Global Presence No Global Clients Except Indians They are posing to be an International Broker but in Fact Infinox is operated by a Bunch of Indians. In Expos they spend money Specially in Dubai to Trap Indians and Dubai Based indians. So Indians beware of this Dabba Broker InfinoxRinku
Is Infinox A Scam?
Infinox is an FCA regulated and a legitimate broker. Whilst the company is licensed, online trading does come with risks so make sure you take a careful approach to money management.
What Accounts Does Infinox Offer?
Infinox offers two main account types: the MT4 ECN (Electronic Communication Network) account and the MT4 STP (Straight Through Processing) account. The ECN account is commission-free, while the STP account charges for the spread and commissions.
What is the minimum deposit for Infinox?
£1 or equivalent in your base currency
How do I make a deposit and withdrawal from Infinox?
Infinox offers the following popular deposit and withdrawal methods:
Is Infinox A Good Broker?
Infinox offers competitive spreads on forex and reliable trading platforms. The broker is also regulated by the FCA. With that said, there are other brokers offering lower fees and more advanced trading tools.