Infinox Review |
|
| 📅 Year founded |
2009 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
London, United Kingdom |
| 🌍 Country of regulation |
Mauritius / Bahamas / United Kingdom / Cyprus |
| ✅ Regulators |
FSC / SCB / FCA / CySec |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$50 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 / IX SYNC |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Equities / Futures / Bonds / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Skrill / Neteller / Cryptocurrencies |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
20% Cash Bonus |
| 💰 Account Currencies |
USD / EUR / GBP / AUD |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
ECN / STP / PAMM |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
None |
| 💰 Withdrawal fee |
$15 USD on eWallets / None on Bank Wire or Debit and Credit Card |
| ☎ Customer Support |
24/7 |
| 💰 Max. Leverage |
1 000:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Zero on STP / $3 USD on ECN |
| 💰 Spreads |
From 0.2 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
45 + |
| 🔢 Number of clients |
7 000 + |
| 🥇 Instruments Offered |
900 + |
| 📙 Education |
IX Intel |
WHAT IS INFINOX?
INFINOX is a well-established global forex and CFD broker that has been operational since 2009.
The company’s mission is to provide a powerful, yet user-friendly trading environment that caters to the needs of diverse traders around the world.
Whether you are a novice just starting out or a seasoned trader, INFINOX offers a suite of tools and services designed to support effective trading strategies and enhance market engagement.
A significant aspect of INFINOX’s operations is its strong regulatory framework, which is a critical factor in ensuring trader trust and security.
The broker is regulated by several respected financial authorities globally including the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySec) in Cyprus, the Financial Services Commission (FSC) in Mauritius and the Securities Commission of the Bahamas (SCB).
INFINOX’s regulatory compliance across multiple jurisdictions not only demonstrates its commitment to lawful and ethical trading practices but also enhances its reliability.
By adhering to the diverse regulatory standards, INFINOX ensures that it maintains a safe trading environment, complete with risk management features and segregated accounts for protecting client funds.
The broker’s dedication to innovation and customer service is evident in its provision of cutting-edge technology and a range of trading tools. Traders can access global markets via advanced platforms and benefit from real-time data, technical analysis tools and automated trading capabilities.
This comprehensive approach to trading services, backed by robust regulation, positions INFINOX as a formidable choice for traders looking for a secure and dynamic trading environment.
INTRODUCTION
Founded in 2009 and headquartered in the financial heart of London, United Kingdom, INFINOX has grown to become a prominent figure in the global trading landscape.
The broker’s strategic location in one of the world’s leading financial capitals not only underscores its commitment to being at the forefront of financial innovation but also provides it with the advantage of being in close proximity to the vital infrastructure and markets that are essential for forex and CFD trading.
Since its inception, INFINOX has been driven by a clear mission: to empower traders by providing them with superior trading technology, comprehensive market access and exceptional customer service.
This mission is woven into every facet of the company’s operations, ensuring that both novice and experienced traders receive a trading experience that is tailored to their needs and expectations.
The firm’s dedication to providing a robust trading platform is matched by its commitment to regulatory compliance and client safety. Regulated by some of the most stringent financial authorities in the world, INFINOX prioritises transparency, security and ethical trading practices.
With a strong focus on customer satisfaction, INFINOX has developed a comprehensive support system that includes educational resources, trading tools and responsive customer service.
The company’s approach to fostering an inclusive trading environment involves continuous innovation and improvement of its services to meet the dynamic needs of the market.
PROS & CONS
PROS
- Wide range of trading instruments available.
- Multiple trading platforms including MetaTrader4, MetaTrader5 and their own proprietary IX SYNC platform.
- Regulated by multiple reputable authorities.
- Offers both STP and ECN account types.
- Customer service available 24/7.
CONS
- Fairly high withdrawal fee on eWallet transactions.
TRADING INSTRUMENTS
INFINOX’s comprehensive suite of trading instruments is designed to cater to the diverse needs and investment preferences of traders worldwide.
By offering a broad range of asset classes, INFINOX enables its clients to diversify their investment portfolios and capitalise on various market opportunities.
Forex
As a staple of INFINOX’s offerings, forex trading involves major, minor and exotic currency pairs. Traders can engage in 24/5 trading with competitive spreads and leverage, taking advantage of the liquidity and volatility in the forex market to potentially generate profits from fluctuations in currency exchange rates.
Indices
Traders can access some of the world’s leading indices, such as the Dow Jones, FTSE 100 and Nikkei 225. Index CFDs are popular as they allow traders to speculate on the movements of entire markets without the need to trade individual stocks.
Commodities
Offering both hard and soft commodities, INFINOX provides traders with opportunities to trade on commodities such as gold, silver and oil. These assets are often used for hedging against inflation or portfolio diversification.
Equities
Through CFDs, clients can trade shares of leading companies from the U.S, Europe and Asia without owning the underlying asset. This allows for the potential to profit from both rising and falling markets.
Futures
Futures contracts are available on various asset classes including commodities and indices. This instrument is suitable for traders looking to manage risk or speculate on the future price movements of these assets.
Bonds
Bond trading is another option at INFINOX, providing a way for traders to speculate on interest rate movements and the economic outlook of different countries. This can serve as a lower-risk investment compared to equities or commodities.
Cryptocurrencies
Recognising the growing interest in digital currencies, INFINOX offers trading on the most popular cryptocurrencies such as Bitcoin, Ethereum and Litecoin.
These are available through CFDs, allowing for speculative trades without the need to hold the actual cryptocurrencies, which can be appealing given the volatility and growth potential of this market.
Each of these instruments comes with its own set of risks and opportunities, making it essential for traders to understand the specifics of what they are trading. INFINOX supports its clients with educational resources and tools to make informed decisions.
Whether a trader is interested in day trading, swing trading or long-term investing, INFINOX’s diverse offerings provide ample opportunities to engage with global financial markets under various economic conditions.
This breadth of instruments is a clear testament to INFINOX’s commitment to meeting the needs and enhancing the trading experiences of its clientele.
TRADING PLATFORMS
INFINOX understands that the choice of trading platform can significantly impact a trader’s experience and effectiveness.
Therefore, the broker offers a selection of advanced trading platforms designed to cater to various trading styles and preferences, including the widely popular MetaTrader4 (MT4), MetaTrader5 (MT5) and their own proprietary IX SYNC platform.
MetaTrader4 (MT4)
MT4 remains one of the most revered platforms in the trading community, known for its robustness and reliability. It offers a user-friendly interface, advanced charting capabilities, a wide range of technical indicators and supports automated trading through Expert Advisors (EAs).
MT4 is particularly favoured by forex traders for its efficiency and extensive functionality that allows traders to analyse markets, place orders and manage their portfolios with ease.
MetaTrader5 (MT5)
Building on the success of MT4, MT5 offers all the admired features of its predecessor but with additional capabilities. MT5 is designed not just for forex but also for trading stocks, indices and commodities via CFDs.
It features more technical indicators, graphical objects, timeframe options, built-in economic calendars and advanced market depth tools. MT5 also supports an improved scripting tool for EAs, making it a versatile choice for traders looking for a multi-asset platform.
IX SYNC
INFINOX’s proprietary platform, IX SYNC, is tailored to meet the specific needs of its clients who desire a more customised trading experience.
IX SYNC allows traders to synchronize their trades with the moves of seasoned traders, providing an interactive way to learn trading strategies and gain insights from experienced market participants, through the broker’s provision of the IX Social platform.
The platform also includes a sophisticated set of analytical tools and real-time data streams, which help traders make informed decisions quickly.
Each of these platforms is accessible on multiple devices including desktops, smartphones and tablets, ensuring that traders can stay connected to the markets at all times, from anywhere in the world. This flexibility is crucial for modern traders who need to react swiftly to market movements.
INFINOX’s provision of these platforms underscores its commitment to technological excellence and customer satisfaction. By offering a range of platforms, INFINOX ensures that its clients can trade in a way that suits them best, with all the tools necessary to succeed in the competitive world of online trading.
ACCOUNT TYPES
INFINOX recognises that traders have different strategies, capital levels and preferences, which is why the broker offers a choice between Straight Through Processing (STP) and Electronic Communication Network (ECN) accounts.
These account types cater to distinct trading styles and needs, ensuring that both novice and experienced traders can find an option that suits their trading requirements.
STP Account
The STP (Straight Through Processing) account is designed for traders who prefer a straightforward trading environment with no dealing desk intervention. This account type routes orders directly to INFINOX’s liquidity providers, ensuring fast execution speeds and transparency.
Traders with STP accounts benefit from no requotes and more predictable spreads during normal market conditions. Spreads on this account type start from 0.9 pips while no commissions are charged on trades.
ECN Account
The ECN (Electronic Communication Network) account is tailored for more experienced traders who demand the best execution speeds and lowest spreads. ECN accounts provide direct access to other participants in forex markets including banks, financial institutions and other traders.
This connectivity is facilitated through a fully transparent trading environment where INFINOX acts as an intermediary without interfering in the trading process.
ECN accounts typically feature tighter spreads and are more suited to high-volume, high-frequency traders who can benefit from paying commissions on trades rather than wider spreads.
This account type has spreads starting from 0.2 pips while commissions are charged at $3 USD (or the equivalent of the account base currency) per lot traded.
By offering both STP and ECN accounts, INFINOX caters to a diverse clientele, ensuring that both entry-level traders and seasoned professionals can optimise their trading strategies in a suitable trading environment.
The broker’s dedication to providing diverse account options highlights its commitment to inclusivity and meeting the unique needs of its global customer base.
Whether you are looking to trade with low costs and tight spreads or prefer direct market access for your high-speed trading tactics, INFINOX’s account options are structured to enhance your trading efficacy and success.
HOW TO OPEN AN ACCOUNT
Opening an account with INFINOX is straightforward. Prospective traders need to complete an online application form before uploading the required documents.
Once the required documents have been verified, traders may select their desired account type, deposit their funds and begin trading.
DEMO ACCOUNT
INFINOX offers a demo account that mimics real-market conditions. This is an excellent tool for beginners to practice strategies without risk, as well as for experienced traders to test the broker’s offerings.
SOCIAL TRADING AND COPY TRADING
The broker integrates social and copy trading services, enabling less experienced traders to replicate the trades of more experienced ones. This is facilitated through the broker’s provision of the IX Social platform, where traders can follow and replicate the trades of experienced professionals.
The IX Social platform is easily integrated into MT4, MT5 and the broker’s IX Sync platforms, while the trades from this application can be verified via MyFxbook.
COMMISSIONS AND FEES
INFINOX charges competitive commissions on its ECN Account, starting from $3 USD (or the equivalent base currency) per lot traded. On the broker’s STP Account, there are no commissions charged as these are built into the spread of 0.9 pips.
The broker offers Islamic account options for trades upon request, for those traders required to comply with Sharia law. Additionally, the broker also does not charge an account inactivity fee, ensuring traders’ fees are kept as low as possible.
LEVERAGE
Leverage at INFINOX can be accessed as high as 1 000:1, depending on the instrument traded and the size of the trade. Leverage can easily be adjusted once an account is set up and as always, traders need to ensure they understand both the benefit and risk of trading with high leverage.
WITHDRAWALS AND DEPOSITS
INFINOX supports a range of payment methods including bank wire transfers, credit and debit cards, various eWallets like Skrill and Neteller, as well as a range of cryptocurrency payments. Withdrawal requests are processed within 24 hours, which is a standard timeframe for the industry.
While the broker does not charge any deposit fees, they do unfortunately charge withdrawal fees on Skrill and Neteller withdrawals, which are fairly high at $15 USD per withdrawal.
CUSTOMER SERVICE
Customer service is available 24/7 and can be accessed via live chat, email and phone. Support is generally responsive and knowledgeable, assisting clients with various queries and issues.
INFINOX’s customer support is available in multiple different languages and has received positive reviews from the broker’s customers.
SAFETY AND SECURITY
Safety and security are paramount in the world of online trading and INFINOX takes these aspects seriously, implementing robust measures to ensure the safety of client funds and personal information.
The broker’s commitment to security is reinforced by its adherence to the regulations set by multiple respected regulatory bodies, each adding a layer of protection and confidence for traders.
INFINOX is regulated by several well-known financial authorities, each providing a framework within which the broker must operate to ensure transparency, fairness and safety.
Financial Conduct Authority (FCA) in the UK
Known for its stringent regulations, the FCA ensures that INFINOX adheres to strict financial standards including the treatment of client funds. INFINOX must keep client funds in segregated accounts separate from its own operating funds, ensuring that client money is protected in the event of insolvency.
The FCA also mandates that INFINOX adheres to fair practice codes and provides financial services that are transparent and in the best interest of its clients.
Cyprus Securities and Exchange Commission (CySEC) in Cyprus
CySEC regulation allows INFINOX to operate across the European Economic Area (EEA) with a consistent and high level of security.
Under CySEC’s oversight, INFINOX must comply with the European Union’s Markets in Financial Instruments Directive (MiFID II), which enhances transparency across the European Union’s financial markets and standardizes the regulatory disclosures required for particular markets.
Financial Services Commission (FSC) in Mauritius
The FSC provides a framework that facilitates international business and investment. For INFINOX, this means adhering to global best practices in risk management and client fund security, which includes regular audits and financial reporting.
Securities Commission of The Bahamas (SCB)
SCB regulation ensures that INFINOX maintains high standards of corporate governance, operational competence and financial compliance. This oversight helps safeguard traders’ investments and enhances the broker’s reliability and trustworthiness on a global scale.
Beyond regulatory compliance, INFINOX employs advanced security technologies to protect its trading platforms and client data. These include the implementation of SSL encryption, two-factor authentication and advanced risk management tools.
By integrating stringent regulatory standards with advanced security technologies, INFINOX ensures a trading environment where clients can focus on their trading activities with peace of mind, knowing their capital and personal information are well protected.
These safety measures reflect INFINOX’s dedication to providing a secure and transparent trading experience for all its clients worldwide.
PROMOTIONS
INFINOX occasionally offers promotions such as deposit bonuses or contests. Currently, the broker offers a 20% cash bonus as well as rebates on trades.
While not too much information is on offer about these promotions, the broker encourages customers to email the customer support team to see if traders are eligible for these bonuses.
RESEARCH
The broker offers a range of market research tools and resources including economic calendars, trading signals and daily market commentary, which are essential for making informed trading decisions.
The broker provides its own proprietary IX Intel space where resources such as IX Daily, market news, financial data commentary, articles and various other topics are covered, ensuring one of the most in-depth research offerings are available to INFINOX clients.
Additionally, there are a variety of research tools available on the MT4, MT5 and IX Sync platforms.
EDUCATION
INFINOX provides educational resources under its IX Intel section, ensuring that traders are well educated and informed before making any trading decisions. This section provides videos, articles and webinars for traders to use in their educational journeys.
Additionally, with the provision of the IX Social app, traders can also follow and learn from the trades of some of the most experienced traders in the industry.
GLOBAL AWARDS
Over the years, INFINOX has been recognised with several awards for its service excellence, innovative technology and reliable customer service, which underscores its commitment to maintaining high standards.
Some of their most recent awards include the following:
- Best Introducing Broker Programme Asia (2023).
- Best Trade Execution Global (2023).
- Best Copy Trading Platform Global (2023).
- Best Forex Broker for Long-Term Trading (2022).
- Best Forex Copy Trading Platform Africa (2021).
- Best Forex Copy Trading Platform Middle East (2021).
SAFE OR SCAM?
INFINOX has established itself as a reputable and trustworthy broker in the competitive forex and CFD trading industry.
The broker’s legitimacy is affirmed by its adherence to strict regulatory standards enforced by several respected authorities worldwide, including the FCA in the UK, CySEC), the FSC in Mauritius and the SCB in the Bahamas.
These regulatory bodies are well-regarded in the financial community for their rigorous oversight and enforcement of financial services standards. Their regulations ensure that INFINOX operates with transparency, fairness and integrity, which includes the segregation of client funds from the company’s operating capital, providing protection against misuse of funds and enhancing client security.
Additionally, INFINOX’s long-standing operation since 2009, coupled with global expansion and the adherence to international financial compliance, further supports its status as a safe broker. The broker’s commitment to offering robust security measures, transparent trading conditions and dedicated customer support also reinforce its credibility and reliability.
Traders considering INFINOX can feel assured by these attributes, which demonstrate that the broker is committed to upholding the highest standards of safety and regulatory compliance.
CONCLUSION
INFINOX stands out in the crowded forex market with its robust platform offerings, diverse account options and strong regulatory framework. For traders seeking a reliable and versatile trading environment, INFINOX is certainly worth considering.
After conducting the above review into the broker, the team at Brokersuggest.com is confident to highly recommend INFINOX to any traders in the industry.
