Infinox Review: Could This Broker Scam You?
In the next few paragraphs, we are going to talk about Infinox. Why? Let’s say that you’ve decided to try generating more money with online trading. You’ve heard about Infinox broker but you still have some questions left. Is the company regulated? What instruments can I trade with? Is this a scam? Stick with this article and you will find out. We go deep!
|Broker status:||Offshore Broker|
|Regulated by:||FSC, SCB, FCA|
|Blacklisted as a Scam by:||Securities Commission Malaysia|
|Owned by:||Infinox Capital Ltd|
|Supported Platforms:||MT4, MT5|
|Minimum Deposit:||1 GBP, USD, EUR|
|Types of Assets:||Forex, commodities, equities, futures, indices|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Infinox Review: Is Infinox broker regulated and secure?
Every legit company needs to have certain coverage. For online trading to be transparent for the clients, which is very important, the company needs to be regulated. So that if a company goes bankrupt your funds stay unharmed. Infinox Capital Ltd is a Forex trading broker, based and regulated in the UK by the FCA (Financial Conduct Authority) and SCB. What does this mean? If a company gets too many complaints they go under investigation and that is something that a good company will not allow. In a case where the company depends on public reviews, clients are top priorities. This is just one of the ways how Infinox trading is protecting its clients. This Forex trading broker is making sure that the client’s money is segregated from the company’s capital, all according to regulatory conditions.
They are also covered by the Financial Services & Compensation Scheme which secures clients for the amount up to £85,000 in the event of insolvency. And the biggest thing of all is that INFINOX capital is offering $1,000,000 USD Insurance. This insurance policy became effective 1 May 2020 and will continue until 30 April 2021.
In which countries does this broker work?
As we already mentioned, Infinox is a Forex trading broker that is based in London, UK. The company hires more than 100 employees who are operating all around the world, including Asia, the Bahamas, and the Middle East.
The result of this wide perspective when doing business, are the clients from all over the globe. You can find their clients in Thailand, Dubai, Australia, China, French Guiana, French Polynesia, French reunion, Guadeloupe, Indonesia, Malaysia, Martinique, Mayotte, Mexico, New Caledonia, Saint Martin, Switzerland, Ukraine, UAE, Wallis, etc.
What can you trade with an Infinox broker?
There are three accounts that a client can use when trading with Infinox broker. All three of them are optimized for performance and all three of them allow unlimited use of EAs and APIs.
Account types that are offered are Social, MT4, and MT5 STP. All of these accounts have flexible leverage. Now speaking of instruments, the Infinox is a Forex-based broker that is offering trading with pairs. Besides currencies, this broker is offering trading with commodities, indicies, shares, and futures. The company offers main commodities such as gold, silver, and oil and top 10 worlds indices.
Problem with withdrawing funds
As you had a chance to see, the broker has been blacklisted by the Malaysian authority body. Despite several regulations it has, it didn’t stop the company from operating illegally.
The website of a broker does not give us too much information related to payment methods and withdrawals. For example, we cannot find any fees or commissions the client has to pay when withdrawing funds. The minimum amount hasn’t been listed as well.
According to many Infinox reviews, we were able to see users are highly not satisfied with Infinox.
Do not fall for the broker’s scam and never provide your card details over the phone. If you experience any kind of withdrawal issues, file a complaint immediately.
Scammed by Infinox? What to do?
First of all, don’t panic, we know that it can be terrifying when you come to the realization that someone scammed you. Unfortunately, this can happen, but the good thing is that you have a place to file a complaint.
If you were scammed by Infinox broker, we will provide help. We are fully aware that something like this can happen, but like we’ve said just contact us and we will help to get your money back on your bank account again.
Contact us today!
Is Infinox a good broker?
Infinox broker is FCA regulated and can operate in the UK and some other jurisdictions. However, make sure that the broker is legit in your country before opening an account.
Is Infinox regulated?
Yes. Infinox is based and regulated in London, UK. They are approved by the FCA (Financial Conduct Authority), the main financial regulatory body in the UK.
Where is Infinox broker based?
Infinox broker is located at Birchin Court, 20 Birchin Lane, London.