Is Infinox a Safe Broker?

INFINOX is an online broker founded in 2009 in London, UK. The company offers a variety of financial instruments, including currency pairs, stocks, commodities, indices, and futures. It also offers two types of accounts, STP and ECN, and educational resources to help its clients improve their trading skills. The company is regulated by the UK Financial Conduct Authority (FCA) and has a 24/7 customer support team.

Market instruments

INFINOX offers its clients a wide variety of financial instruments to trade, including currency pairs, stocks, commodities, indices, and futures.

Trading accounts

INFINOX offers its clients two account types, STP and ECN, which differ in spreads and commissions.

The STP account is commission-free but has higher spreads that start at 0.9 pips.

ECN account has lower spreads, which start at 0.2 pips, but commissions start at $3.00. Both accounts have a minimum lot size of 0.01 and options of different base currencies.

Trading platform

INFINOX offers its clients the ability to trade on the MetaTrader4 and MetaTrader5 trading platforms. MetaTrader4 is a widely used trading platform that is well known to most traders, while MetaTrader5 is a more advanced platform that offers more tools and features than MetaTrader4. Both platforms offer a wide range of technical analysis tools and allow traders to customize their trading experience.

Deposit and Withdrawal

INFINOX offers several options for deposits and withdrawals, which is beneficial for its clients. Deposits can be made with debit or credit cards, digital wallets and bank transfers. The minimum deposit required is 50 GBP or its equivalent in the base currency of the account, which is reasonably low compared to other brokers.

Education

INFINOX offers a wide variety of educational resources for its clients, including research, courses, economic calendar, press, and webinars, among others. The availability of a large number of resources can be an advantage for traders who want to learn and improve their trading skills.

Customer Service

INFINOX offers good customer service through various communication channels, including email, telephone, and social networks. Their support team is available 24/5 and they also have an FAQ section for quick answers to common queries. However, they do not offer multi-language support and there is no 24/7 live support.

Bottom Line

INFINOX is a Forex and CFD broker that offers its clients a wide variety of trading instruments, popular trading platforms, educational resources, and accessible customer service. Its pricing model varies depending on the type of account chosen, and its offer of competitive spreads and no commission on STP accounts may be attractive to some traders. However, it is important to note that the spreads can be higher compared to other brokers and the impact on trading costs must be taken into account. Also, the lack of transparency in some aspects, such as minimum deposit and margin requirements, can be a drawback for some clients. Overall, INFINOX seems to be a solid choice for those looking for a broker with a wide range of instruments and educational resources, but further research is recommended before making a decision.

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