INFINOX

INFINOX Information

INFINOX is an online broker founded in 2009 in London, UK. The company offers a variety of financial instruments, including currency pairs, stocks, commodities, indices, and futures. INFINOX also offers two types of accounts, STP and ECN, and a number of educational resources to help its clients improve their trading skills. The company is regulated by the UK Financial Conduct Authority (FCA) and has a 24/5 customer support team.

Regulatory Status

INFINOX is regulated by two major authorities. When choosing brokers to trade with, a broker with restrict regulatory licences is necessary to consider:

• Financial Conduct Authority (FCA) United Kingdom:
• Status: Regulated
• Type: Institution Forex License
• License Number: 501057

  INFINOX holds an Institutional Forex License from the FCA, one of the most respected financial regulatory bodies globally, which oversees the integrity and reliability of its operations within the UK.

Securities Commission of The Bahamas (SCB):

1. Status: Offshore Regulatory
2. Type: Bahamas Retail Forex License
3. License Number: SIA F-188
4. Additionally, INFINOX is regulated by the SCB, providing it with an offshore regulatory framework for retail forex trading. This allows INFINOX to offer services under the regulatory standards set by the Bahamas.

Pros and Cons of INFINOX

Market Instruments

INFINOX provides traders with access to a diverse array of over 900 financial instruments, enabling trading across multiple asset classes including forex, indices, commodities, bonds, futures (CFD), and cryptocurrencies (CFD). This extensive selection allows traders to explore a wide range of markets and capitalize on various trading opportunities each trading day.

The platform's broad offering enables clients to diversify their investment portfolios, potentially reducing risk by spreading exposure across different types of assets. Additionally, INFINOX facilitates global market access, allowing traders to seize opportunities in various international markets.

Spreads and Commissions to trade with INFINOX

INFINOX claims that they provide competitive spreads on the market. INFINOX does not charge fees for deposits or withdrawals, which can be beneficial for traders who trade frequently. In addition, clients have the option to trade micro lots, allowing them greater control over their risk exposure. Although it is important to note that INFINOX charges an inactivity fee if the account remains without operations for more than 180 days. Overnight swaps can be higher than other brokers, which can affect those traders who hold positions open for long periods of time.

Trading Accounts Review

INFINOX offers its clients two account types, STP and ECN, which differ in spreads and commissions. The STP account is commission free, but has higher spreads that start at 0.9 pips. On the other hand, the ECN account has lower spreads, which start at 0.2 pips, but commissions start at $3.00. Both accounts have a minimum lot size of 0.01 and options of different base currencies. However, the minimum deposit required to open an account is not disclosed.

Trading Platform

INFINOX offers its clients the ability to trade on the MetaTrader4 and MetaTrader5 trading platforms. MetaTrader4 is a widely used trading platform that is well known to most of the traders, while MetaTrader5 is a more advanced platform that offers more tools and features than MetaTrader4. Both platforms offer a wide range of technical analysis tools and allow traders to customize their trading experience. INFINOX offers support for both platforms, allowing traders to choose the platform that best suits their needs.

However, MetaTrader5 has not yet reached the same popularity as MetaTrader4, which means that there are fewer resources available online to learn how to use it.

Maximum Leverage

INFINOX provides leverage options that enhance the potential and impact of your trades across various financial instruments. Leverage allows traders to control a larger position than their initial capital by using a fraction of the trade's full value as a margin deposit. This can significantly amplify both gains and losses, making it a powerful but risky tool.

Here are the leverage ratios offered by INFINOX for different instruments, with the maximum leverage up to 1:1000:

• Forex: 1:1000
• Indices: 1:1000
• Commodities: 1:20
• Futures: 1:1000
• Crypto: 1:50
• Bonds: 1:100

Trading Platforms and Tools

INFINOX offers a robust Virtual Private Server (VPS) service in partnership with 4XSolutions, designed to optimize connectivity and performance for clients and their Expert Advisors (EAs). This VPS infrastructure ensures low latency and cross-connectivity by being directly connected to INFINOX's trading servers. Additionally, it provides world-class security and protection, backed by 24-hour support to address any issues promptly.

Moreover, INFINOX enhances trading capabilities through its MT4 and MT5 platforms, which are not just powerful trading platforms but also hubs for a variety of trading tools and functions. Users can access trading signals, indicators, and communities directly from the platform or via the MetaQuotes websites. These platforms also support custom modifications, allowing traders to tailor their trading environment to their specific needs. This combination of reliable VPS service and versatile trading platforms makes INFINOX a comprehensive choice for serious traders looking for effective trading solutions.

Deposit and Withdrawal

INFINOX offers a range of deposit and withdrawal methods including debit or credit cards, digital wallets, and bank transfers, while excluding cash, cheques, American Express, or Diners cards. The platform requires a minimum deposit of 50 GBP or its equivalent in other currencies. There is no upper limit on the amount you can deposit for verified accounts, though unverified accounts have a cap of 2,000 USD or equivalent.

For withdrawals, funds must be returned via the same method used for deposits up to the deposited amount; profits can be withdrawn using any preferred method.

However, withdrawals are contingent on successful verification of the trader's identity and address. This system ensures that financial transactions are secure and comply with regulatory standards, facilitating efficient

INFINOX Customer Service

INFINOX offers good customer service through various communication channels, including email, telephone and social networks. Their support team is available 24/5 and they also have an FAQ section for quick answers to common queries. However, they do not offer multi-language support and there is no 24/7 live support. Also, there is no specified maximum response time for queries, which could be a disadvantage for customers who need immediate assistance. In general, INFINOX offers satisfactory customer service with a good level of availability and various communication channels.

Conclusion

In conclusion, INFINOX is a Forex and CFD broker that offers its clients a wide variety of trading instruments, popular trading platforms, educational resources, and accessible customer service. Its pricing model varies depending on the type of account chosen, and its offer of competitive spreads and no commission on STP accounts may be attractive to some traders.

However, the spreads can be higher compared to other brokers and the impact on trading costs must be taken into account. Also, the lack of transparency in some aspects, such as minimum deposit and margin requirements, can be a drawback for some clients.

FAQs about INFINOX

• What is the minimum deposit required to open an account at INFINOX？
• The minimum deposit is 50 GBP or the equivalent in the base currency of the account.
• What account types are available at INFINOX？
• There are two account types available: STP and ECN. The STP account is commission free, but the spreads start at 0.9 pips. The ECN account has lower spreads, starting at 0.2 pips, but has commissions starting at $3.00.
• What deposit and withdrawal methods are accepted at INFINOX？
• Deposits are accepted by debit or credit card, digital wallets and bank transfers. Withdrawals can be made by the same methods.
• What is the maximum leverage offered by INFINOX？
• The maximum leverage offered is 1:30.
• What is the email address and phone number for INFINOX customer service？
• The email is support@infinox.co.uk and the phone number is +44 (0) 208 158 6060.