The online forex and CFD broker Infinitrade operates out of the Marshall Islands. Because this is a popular offshore haven, many unregulated brokers make their home there. Their parent company is A&E Products Ltd. This company has no registration with any financial regulator, meaning there’s no oversight on any of their activities.
| Broker status: | Offshore Broker |
| Regulated by: | No regulation |
| Scammers Websites: | https://www.infinitrade.com/ |
| Blacklisted as a Scam by: | FSMA, FCA, ASIC |
| Owned by: | A&E Products Ltd / Trading services A&E Products Ltd |
| Headquarters Country: | Marshall Islands / Bulgaria |
| Foundation year: | 2019 |
| Supported Platforms: | Web trader |
| Minimum Deposit: | $250 |
| Cryptocurrencies: | Yes |
| Types of Assets: | Forex, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | N/A |
| Free Demo Account: | No |
| Accepts US clients: | No |
Infinitrade Clients Unhappy
Similar to the broker Fundiza, Infinitrade has a poor reputation among their past customers. Online Infinitrade reviews from past clients strongly condemn the broker’s conduct. They say that once they deposited their funds, they never saw that money again. Furthermore, they say that the representatives of the broker called them a lot to encourage even more deposits. The general consensus is that the broker is unquestionably using their withdrawal terms to hold onto trader funds.
Warning Statement From Regulator
The Financial Services and Markets Authority of Belgium has put out a public warning against Infinitrade. The regulator claims that the Infinitrade scam is trying to offer services within the country without the proper license. The warning dates back to 2016 and still stands today. The broker’s unregulated structure is further complicated by a so-called “payment processor” in Bulgaria. All of their transactions are routed through another separate company that is also called A&E Products Ltd.
Massive Deposit for Unimpressive Trading Conditions
The broker has a passable selection of assets with over 40 forex pairs and numerous CFD options available. The spreads start at about 3 pips for a Bronze account, much too high for most traders. The broker has eight separate account types, each requiring a larger minimum deposit. Even the Bronze account requires $2,500, many times what most brokers require for their lowest account.
Infinitrade Deposit Bonuses
In order to justify its high minimum deposit, Infinitrade tries to demonstrate its value by offering deposit bonuses. Traders receive some percentage of their deposit, depending on the size. However, the broker has withdrawal rules regarding these bonuses. In order to make a withdrawal, traders have to trade the bonus funds at least 40 times. With the high spreads at this broker, the funds will be down to zero by that time.
Offshore Brokers Can’t Hold Your Funds
Unregulated brokers can get away with just about anything. While financial regulators warn traders about them, that’s about all they can do. Because they don’t have any real rules on their conduct, these brokers often withhold trader funds. When this happens, you can contact us to get your money back with an effective chargeback strategy.
What is Infinitrade?
Infinitrade is an online trading brokerage without a license for providing financial services.
Is Infinitrade a scam?
Since the broker has no regulation and is blacklisted by several authority bodies, we can say yes.
Is Infinitrade regulated?
No, the broker is not regulated. It is blacklisted by 3 regulatory bodies – FSMA, FCA, and ASIC.
