The Origin and Establishment
In 2009, Infinox was established to give traders access to the world markets. By taking a client-first approach, the broker provides trading services in the forex and CFD markets with keen innovation, transparency, and customer satisfaction in service.
Objective and Vision
The strategic intentions of Infinox are to empower traders with advanced platforms in a secure and user-friendly trading environment. It seeks to change the whole corporate world—it's worth the effort.
Location
Infinox is a global broker, with the main representative office located in the UK and their presence is significant in over 20 countries. Brokerage services range from multiple language support to localized services to relevant requirements for their clients internationally.
Merits and Deterrences
Merits
- Multiple Advanced Trading Platforms (MT4, MT5, IX Social, IX SYNC)
- Competitive Spreads Starting From 0.2 Pips
- High Leverage Options Up To 1:1000
- Social Trading Capabilities Through IX Social
- Comprehensive Educational Resources (IX Intel)
Weakness
- Not Available in Some Regions
- High Leverage Might be Risky For Some Traders
- Varying Trading Conditions Based on Regulatory Jurisdiction
- Limited Base Currencies for Accounts
Organization of Security and Rules
Licenses
This broker has managed some very balanced and high-standard license acquisition for itself. The body that controls everything in terms of operation of Infinox is the FCA (UK) and the FSC (Mauritius).
Segregation of Funds and Insurance
The company has been segregating client funds within the topmost banks across the world in accordance with best practices. Clients could claim about £85,000 coverage in case activities are stopped because of the failure of banks.
Products Available for Trading
Currency Pairs
Invest in over 50 different currency pairs, including major, minor, and exotic currency pairs. High liquidity and tight spreads are also what makes currency trading pretty advantageous.
Commodities
Diversify trading opportunities by acquiring access to famous commodities like gold, silver, along with crude oil, natural gas, and some of the most traded.
Indices
Consumers trading CFDs, though using the most well-traded global indices such as NASDAQ, S&P 500, FTSE 100, and DAX, can execute their positions with great tightness on spreads and swiftness of execution.
Shares
Trade CFDs comprised of top international markets that offer either long or short positions.
Cryptocurrencies
Bitcoin, Ethereum, and Ripple are traded in relatively good conditions on Infinox.
Accounts
STP
| Minimum deposit | 0 |
|---|---|
| Commission | 0.9 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 100 |
| Stop-out level | 50 |
ECN
| Minimum deposit | 0 |
|---|---|
| Commission | 0.2 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 100 |
| Stop-out level | 50 |
Commissions and Fees
Spreads and Commissions
Spread rates set at 0.9 pips on standard accounts and 0.0 pips on ECN accounts with a commission of $7 per lot; fee rates determined by each specific price ratio applied by every account type; for ECN clients, that would be a $100-million benchmark.
Swap Costs
Swap costs are the overnight holding fees for those open positions at the end of the trading day. Islamic accounts are free of such fees as per the law of Sharia.
Dormancy Charges
Accounts that have been dormant for three consecutive months are subject to inactivity charges as standard conditions without exception.
Trading Platforms
| Available tools | Forex, Futures, Commodities, Stocks, Indices, Metals, Energy, CFDs |
|---|---|
| CFD | Forex: 38 Futures: 7 Commodities: 7 Stocks: 750 indices: 15 Metals: 3 Energy: 6 |
MetaTrader 4
MT4 is one of the company’s trading platforms, which enables its users to create, develop, and implement a trader’s EA from the ground up.
MetaTrader 5
This platform offers more complex features with a broader range of trading instruments, additional timeframes, and more advanced technical indicators.
Mobile Trading Apps
iOS and Android apps are available on all platforms that provide services.
Customer Support
Steps to Register
Registrants are required to visit the company website, register, submit KYC documents, and set up the account in a few minutes.
Requirements for Validating
KYC documents include proof of identity (passport or government-issued ID) and proof of residence (utility bill or bank statement).
Deposits and Withdrawals
Methods of Payment
Payment can be made through bank transfers, cards, e-wallets like Skrill, Neteller, and PayPal.
Timeframes
Deposits are made instantly, while withdrawals typically take one to five business days, depending on the method used.
Fees
Most transactions are free of cost, except those using different payment gateways, which might incur some costs. Information is available on the broker's website.
FAQ
Does this broker come with regulations?
Yes, Infinox brokers are regulated under the FCA UK, catering to the global trading market.
What are the kinds of trading platforms available?
Trading platforms include MetaTrader 4, MetaTrader 5, and mobile apps for iOS and Android.
What is the minimum deposit needed for an account opening?
The minimum deposit for opening a standard account is as low as $100.
What are the account types the broker offers?
Standard, ECN, Islamic, and demo accounts are available with Infinox.
What fee and commission are applicable?
Fees include spreads and commissions for ECN accounts; swap rates apply for overnight positions. Inactivity fees may apply if an account goes dormant.
What is the highest leverage available?
The highest leverage rate for a standard client is 1:30, but a professional client may go up to 1:500 by law.
Does the broker provide demo accounts?
Yes, demo accounts are available for practicing strategies without risk.
How can I contact customer service?
You can contact customer service via live help, email, or phone during business hours. Multilingual support is available.