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Forex

Retail Broker

Infinox

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Unproved

Unproved

Infinox

United Kingdom

2009 (15 Years)

7 Reviews

Please carefully consider your options and choose the service that best meets your needs.

Beware

2.77/5

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Traffic & Engagement

3.33

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License

Warning

This broker is currently unregulated. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Both institutions and consumers highly trust the license in grade A. They operate more extended and are more challenging to hold than others. They have strict rules which the company needs to comply with. Just one point was deducted from grade A.

B Grade License

The license in grade B is also trusted, but the difference between them is it will slightly get less complicated than in grade A.

C Grade License

The license in grade C is also safe to rely on, but we recommend that you be careful with your chosen company. You should inspect the company information before investing.

D Grade License

The license in grade D is easily held and has yet to become widespread. If your chosen company holds a license in this grade, you should carefully contemplate it.

License

Warning

This broker is currently unregulated.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

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News

TrustFinance Intelligence Agency

Research date: Thg 11 28, 2024

INFINOX, a retail FX and CFD broker, has integrated Electronic Money Institutions (EMIs) to offer clients a secure and globally accessible alternative to traditional bank transfers. EMIs provide faster and cheaper payment options, enhancing global accessibility for traders. INFINOX offers multi-asset trading and various platforms for traders of all experience levels. The Managing Director expressed excitement about the convenience and flexibility EMIs offer to clients.

INFINOX, a retail FX and CFD broker, has integrated Electronic Money Institutions (EMIs) to offer clients a secure and globally accessible alternative to traditional bank transfers. EMIs provide faster and cheaper payment options, enhancing global accessibility for traders. INFINOX offers multi-asset trading and various platforms for traders of all experience levels. The Managing Director expressed excitement about the convenience and flexibility EMIs offer to clients.

INFINOX, a globally recognized online brokerage, is reaffirming its commitment to the Nigerian market by providing tailored solutions for Nigerian traders, focusing on community engagement, education, compliance, security, and job creation. The company aims to empower Nigerian traders and contribute to the nation's financial sector.

INFINOX, a globally recognized online brokerage, is reaffirming its commitment to the Nigerian market by providing tailored solutions for Nigerian traders, focusing on community engagement, education, compliance, security, and job creation. The company aims to empower Nigerian traders and contribute to the nation's financial sector.

A City of London finance firm has been accused of helping illegal Instagram traders scam hundreds of people out of nearly £4 million using shell companies in the Caribbean. The scheme, promoted by Gurvin Singh, collapsed in 2019, leading to losses for many investors. The Financial Conduct Authority issued a scam alert against Singh and associates. Victims claim their reports stopped being investigated, and they cannot afford legal fees to pursue the case. Infinox UK employees were involved in the scheme, misleading clients and profiting from risky trades. The firm denied fraudulent actions. Singh, now promoting other courses, denied misleading clients. The FCA declined to comment, and the Securities Commission of the Bahamas did not respond to requests for comment.

A City of London finance firm has been accused of helping illegal Instagram traders scam hundreds of people out of nearly £4 million using shell companies in the Caribbean. The scheme, promoted by Gurvin Singh, collapsed in 2019, leading to losses for many investors. The Financial Conduct Authority issued a scam alert against Singh and associates. Victims claim their reports stopped being investigated, and they cannot afford legal fees to pursue the case. Infinox UK employees were involved in the scheme, misleading clients and profiting from risky trades. The firm denied fraudulent actions. Singh, now promoting other courses, denied misleading clients. The FCA declined to comment, and the Securities Commission of the Bahamas did not respond to requests for comment.

The website provides detailed information about the best Forex brokers in the UK, including Tickmill, INFINOX, Swissquote, XTB, Saxo Bank, CMC Markets, City Index, and Forex.com. It discusses the features, regulations, leverage, spreads, minimum deposits, trading platforms, customer support, and benefits of each broker. The article also emphasizes the importance of choosing the right broker to enhance trading results and provides tips on finding the top Forex brokers in the UK.

The website provides detailed information about the best Forex brokers in the UK, including Tickmill, INFINOX, Swissquote, XTB, Saxo Bank, CMC Markets, City Index, and Forex.com. It discusses the features, regulations, leverage, spreads, minimum deposits, trading platforms, customer support, and benefits of each broker. The article also emphasizes the importance of choosing the right broker to enhance trading results and provides tips on finding the top Forex brokers in the UK.

Gurvin Singh, an Instagram trader, has broken his silence regarding his involvement in a £4 million forex 'scam' that misled hundreds of people. Singh accused regulated City brokers of helping him market the scheme, which collapsed in 2019, leading to losses for 1,250 individuals. The scheme, first exposed by Metro.co.uk, is currently being investigated in a BBC Three documentary series. Singh denied handling any of the missing millions and stated that he signed a marketing agreement with a Bahamian company. Infinox UK, the London-based firm that owns the brand, denied any affiliation with Singh. The scheme allowed traders to use risky strategies forbidden under UK regulations, leading to substantial losses for investors. Singh, who claimed to have quit the forex world, is now offering marketing courses via Instagram. The investigation is ongoing, and victims are pressuring authorities to take action.

Gurvin Singh, an Instagram trader, has broken his silence regarding his involvement in a £4 million forex 'scam' that misled hundreds of people. Singh accused regulated City brokers of helping him market the scheme, which collapsed in 2019, leading to losses for 1,250 individuals. The scheme, first exposed by Metro.co.uk, is currently being investigated in a BBC Three documentary series. Singh denied handling any of the missing millions and stated that he signed a marketing agreement with a Bahamian company. Infinox UK, the London-based firm that owns the brand, denied any affiliation with Singh. The scheme allowed traders to use risky strategies forbidden under UK regulations, leading to substantial losses for investors. Singh, who claimed to have quit the forex world, is now offering marketing courses via Instagram. The investigation is ongoing, and victims are pressuring authorities to take action.

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Infinox Review: Is Infinox Broker Good?

Infinox Broker Overview and General Information

Infinox is a Forex broker that offers a wide range of financial products to suit the needs of traders. The broker was established in 2009 and has headquarters in London, United Kingdom, with branches in 15 other countries. The broker has also received numerous awards for providing clients with cutting-edge trading tools and 24/5 customer support to ensure that clients can use the services efficiently.

Licenses that brokers have obtained

If you ask whether Infinox is good or not, you have to start by considering the license factor first, which has the following licenses:

Mauritius' Financial Services Commission (FSC) License No. GB20025832 under INFINOX LIMITED.
Securities Commission of The Bahamas (SCB) License No. SIA F-188 under IX Capital Group Limited
Financial Conduct Authority (FCA) License No. 501057 under Infinox Capital Limited.

 ⚠️Warning: The FCA official website warns that some brokers' activities may not be covered, so it is important to check carefully before engaging in any activity.

Products and services from brokers

Forex
Commodities
Indices
Bonds
CFDs
Futures
Cryptocurrency

Trading platforms and tools

The broker offers a wide range of trading platforms and tools to meet the needs of investors and traders of all experience levels, including:

MetaTrader 4 (MT4): MT4
MetaTrader 5 (MT5): MT5
IX SYNC: One-stop trading platform
IX Social: Follow and copy trades

 ⚠️WARNING: There have been negative user reports about IX SYNC and IX Social, stating that the platforms are too complicated, difficult to use, and require too many settings.

Infinox Broker Account Types

The broker offers two account types to choose from: Standard and ECN, with the following details:

Standard Account

Leverage : 1:1000
Spread: Starting at 0.9
No commission
Minimum deposit: $50

ECN Account

Leverage: 1:1000
Spread: Starting at 0.2
Commission: $3 per trade
Minimum deposit: $50

Deposit and Withdrawal

Debit/Credit Cards: Visa and Mastercard are accepted for deposits and withdrawals.
Bank Transfer: Supports both domestic and international bank transfers.
Digital Wallets (E-wallets): Supports Skrill, PlusWallets and Neteller.
Cryptocurrency: You can deposit and withdraw via crypto such as Bitcoin, Ethereum, and others.
QR code

 ⚠️WARNING: There have been negative reports from users talking about delays in withdrawals and being charged additional fees without prior notice.

Pros and Cons of Infinox

Pros :

There are a variety of products to choose from for trading.
There are many deposit and withdrawal channels.
Support deposits and withdrawals via Thai banks

Cons :

There are few account types to choose from.
No deposit bonus
Customer Support is available only 5 days/week.
The minimum deposit is quite high for beginners.
Deposits and withdrawals take a long time.
There have been reports of users being charged additional fees without prior explanation.

Office location and contact channels

Office location

201 Church St, Sandyport, West Bay Street, P.O Box N-3406, Nassau, Bahamas

Contact channels:

Social Media
[email protected]

Broker Overview Summary

Infinox is an interesting broker with a wide range of product options and supports trading platforms such as MT4, MT5 and IX ONE, which is the broker's own trading platform. The spread is considered medium to high and the leverage is considered competitive. In addition, the website and Live Chat support Thai language. However, withdrawals still take quite a long time.

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