WikiFX Review: Something you need to know about INFINOX

About INFINOX

INFINOX is a Forex and CFD online trader, founded in 2009 and headquartered in London, UK, with offices in 15 countries/regions worldwide.

Regulation: Is INFINOX legit？

INFINOX is a regulated broker. It was regulated by FCA with license number 501057. It also holds a retail license from the Securities Commission of the Bahamas(SCB) (Regulatory No. SIA F-188). WikiFX has given this broker a low rating of 7.20/10.

Market Instruments

Infinox provides traders with access to mainstream and popular financial trading instruments in the global financial markets, including Forex (49 currency pairs), stocks CFDs, indices, commodities, futures CFDs, etc.

Minimum Deposit

Infinox offers a choice of three accounts for traders, IX social, MT4&MT5 STP account and the MT4 & MT5 ECN account. The minimum deposit for opening an account is $1, which sounds a great oportunity for beginners.

Leverage

As a UK based broker, Infinox complies with the FCA regulation offering leverage up to 1:30 for major currencies, 1:20 for minor currecies, and 1:10 for commodities. However, an international proposal with SCB guidance allows the higher leverage up to 1:200. Please keep in mind that leverage may magnify potential profits but also increase risk to a large extent.

Spreads & Commissions

The minimum forex spreads for STP accounts in MT4 are 1.2 for GBPUSD, 0.25 for GoldUSD, and 0.17 for SilverUSD. The minimum Forex spreads for ECN accounts are 0.2 for Europe and the US, 0.17 for GoldUSD, and 0.12 for Silver USD. The minimum spreads for STP accounts in MT5 are 0.7 for Euro pounds and 0.23 for gold dollars, while the minimum spreads for ECN accounts are 0.3 for Europe and America and 1.8 for gold. The minimum spreads for futures are 0.35. the minimum average spreads for indices and commodities are 0.03 for STP accounts and 0.02 for ECN accounts.

Trading Platform

MetaTrader is the world's most popular trading platform designed to provide traders with charting and data analysis to help traders trade Forex, indices, gold, commodities, and more on the global market. These two platforms have advanced charting features, technical analysis, available for EA (intelligent trading), and one-click trading. MT4 has 9 timeframes, 4 pending orders, MQL4 script, hedging mode, 30 indicators.MT5 has 21 timeframes, 6 pending orders, MQL5 script, hedging mode and netting, 38 indicators. MT4 can trade Forex, indices, metals, crude oil; MT5 can trade Forex, indices, metals, crude oil, and stocks.

Deposit & Withdrawal

Withdrawal and deposit methods are supported by Skrill, Neteller, Visa/Master, Wire Transfer, Maestro, accepting currencies of USD, EUR, GBP, AUD, and no commission is charged for deposits. Withdrawal requests will be processed on the same day.

Exposure

As of December 15, 2022, WikiFX has received more than fourteen complaints against this broker. The biggest problem that many investors complained the most lies in withdrawal rejection.

INFINOX on Social media platforms

This broker has official accounts on Twitter and Facebook. Besides, INFINOX also has accounts on YouTube, Linkedin, Instagram and other platforms. INFINOX really care about the self-promotion on social media platforms.

Twitter

Facebook

Conclusion

INFINOX is a reputable broker that get a high score on WikiFX. It is regulated which means it is relatively safe to invest with. However, due to recent a lot of complaints, the WikiFX score of this broker has been reduced. We warn you of the potential risks if you insist in trading with this broker.

If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.

Click on INFINOX' WikiFX page for details