InFluxFinance Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-19 18:21

Abstract：InFluxFinance is an unregulated brokerage firm that is located in Dominic. As of now, we are only able to gather a limited amount of information regarding their trading products and conditions. Given these circumstances, we consider this broker to be untrustworthy.

　　Note: InFluxFinance's official website: https://influxfinance.pro/ is currently inaccessible normally.

InFluxFinance Review Summary
Founded	2024
Registered Country/Region	Dominic
Regulation	No Regulation
Market Instruments	/
Demo Account	❌
Leverage	Up to 1:200
EUR/USD Spread	Floating around 3 pips
Trading Platform	Web-based
Minimum Deposit	$250
Customer Support	Email: support@influxfinance.pro
Customer Support	Address: 8 Copthall, Roseau Valley, 00152, The Commonwealth of Dominica

　　InFluxFinance is an unregulated brokerage firm that is located in Dominic. As of now, we are only able to gather a limited amount of information regarding their trading products and conditions. Given these circumstances, we consider this broker to be untrustworthy.

Pros and Cons

Pros	Cons
None	Non-functional website
	Lack of transparency
	MT4/MT5 unavailable
	No regulation
	No demo account
	Wide spreads
	High minimum deposit
	Only email support

Is InFluxFinance Legit?

　　At present, InFluxFinance does not have valid regulatory compliance. The domain of InFluxFinance was registered on August 8, 2024. Currently, its status is “client Transfer Prohibited”. If you are considering choosing this broker, please pay extremely high attention to the safety of your funds. Any decision to engage with an unregulated broker like InFluxFinance comes with significant risks.

Account Type

　　There is no info about account types. We only know that InFluxFinance claims to provide a minimum deposit requirement of $250.

Leverage

　　The maximum leverage is 1:200. Note that high leverage is a double-edged sword as it can both magnify profits and increase risks.

Spread and Commission

　　The benchmark EUR/USD spread is floating around 3 pips. A higher spread means that traders need to overcome a larger cost differential between the bid and ask prices in order to make a profit.

Trading Platform

　　InFluxFinance only offers a web-based tradingplatform. It cannot be compared with MetaTrader platforms. That's why we advise you to consider other more reliable brokers offering MT4 or MT5.

Deposit and Withdrawal

　　InFluxFinance claims that it works with Visa/MaterCard, bank transfer and Piastrix – a Russian e-wallet.However, the truth seems to be that it only accepts cryptocurrencies and cards which are processed by the notorious ABNCBP Cashier.