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Infinox: A Comprehensive Review by Trade Forex
Introduction to Infinox
Infinox is a well-established Forex broker founded in the United Kingdom in 2009. They serve clients from around the world, with the exception of residents in the USA, Canada, Israel, Iran, and some other countries on the OFAC list. In this detailed review, we’ll explore various aspects of Infinox to help you make an informed decision as a trader.
Regulation and Security
Infinox operates under two distinct entities:
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Infinox Capital Ltd (UK): Regulated by the Financial Conduct Authority (FCA), this regulatory body is highly respected in the financial industry. It ensures stringent oversight and protection for UK residents.
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IX Capital Group Limited (Bahamas): This subsidiary is located in the Bahamas and falls under the regulation of the Bahamas Securities Commission (SCB). While not as prestigious as the FCA, SCB provides a level of regulatory oversight.
Client funds at Infinox are kept in separate segregated accounts with the Commonwealth Bank of Australia. In the event of the company’s insolvency, clients are insured for up to 500,000 US dollars. These measures enhance the safety of clients’ investments.
Leverage Levels
The maximum leverage available depends on your jurisdiction:
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In the European Union (EU) and the UK, the leverage is limited to 1:30 for major currency pairs, in compliance with ESMA regulations.
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For traders in the Bahamas, leverage of up to 1:500 is accessible.
Trading Instruments
Infinox offers a diverse range of trading instruments, making it suitable for both Forex enthusiasts and stock traders. Here’s a glimpse of what you can expect:
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Stock CFDs: Access to shares of over 1000 companies worldwide, including giants like Apple, Amazon, Alibaba, and Boeing.
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Forex: More than 30 currency pairs are available for trading.
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Indices: Various major stock indices to diversify your portfolio.
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Commodities: A wide selection of commodities, including precious metals, adding further diversification.
Trading Platforms
Traders at Infinox have multiple options when it comes to trading platforms:
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MT4 and MT5: These widely recognized platforms are available in both web and desktop versions for Windows users. Known for their versatility and functionality, they cater to traders of all experience levels.
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CQG: A modern, web-based trading platform known for its user-friendly interface. It’s an excellent choice for those who prefer browser-based trading.
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IX Social Mobile Application: This app allows for social trading, enabling traders to engage in automatic copy trading and share their trading strategies.
Account Types
Infinox offers a variety of account types tailored to different trader profiles:
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STP Account: Ideal for novice traders with an average spread of 0.9 points and no commission.
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ECN Account: Designed for experienced traders, offering narrow spreads of 0.2 pips and a commission of £5/€5.5/$7.5.
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MAM/PAMM Accounts: Available for those who wish to manage multiple accounts or trade on behalf of clients.
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Islamic Accounts: Catering to traders who require accounts compliant with Islamic principles.
Minimum Deposit
Regardless of the chosen account type, the minimum deposit at Infinox is a mere 1 pound sterling, making it accessible to traders of all levels.
Conclusion
In conclusion, Infinox is a broker with both strengths and potential drawbacks. On one hand, it boasts the credibility of being regulated by the FCA in the UK, offers ECN accounts with narrow spreads, and provides an extensive array of trading instruments. On the other hand, it operates an offshore entity in the Bahamas, regulated by the less renowned SCB. It’s imperative to read reviews and consider your specific trading needs before choosing Infinox or any other broker. Remember to consult Trade Forex’s broker rating for additional insights into the best Forex brokers.
General Information of Infinox
- Broker Name: Infinox
- Year of Foundation: 2009
- Headquarters: London
- Regulation: FCA (UK), SCB (Bahamas)
- Trading Platforms: MT4, MT5, CQG
- EURUSD Spread: 0.9 pips
- Demo Account: Available
- Minimum Deposit: 1$
- Base Currencies: USD, EUR, GBP, AUD
- Maximum Leverage: 1:500
- Assets: Currency pairs, indices, stocks, futures, metals
- Deposit Methods: Bank Transfer, Visa/MasterCard, Skrill, Neteller
- Withdrawal Fee: Not specified
- Payment for Inaction: Not specified
- Islamic Accounts: Available
- Segregated Accounts: Yes
- PAMM Accounts: Available
- Partner Account: Available
- Scalping: Permitted
- Automatic Trading: Supported
- Mobile Trading: Available
- Web Terminal: Available
- Social Trading: Available
- Signals: Not specified
- VPS: Available
- Deposit Bonuses: Not specified
- Contests: Not specified
- Customer Support: 24/5
