- Types of accounts
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Infinox is a Forex broker founded in the UK in 2009. Infinox accepts clients from all over the world with the exception of the USA, Canada, Israel, Iran and some other countries from the OFAC list.
Infinox – regulated broker?
The Infinox group includes two brokerage companies:
- Infinox Capital Ltd is located in the UK and is regulated by the Financial Supervisory Authority (FCA);
- IX Capital Group Limited is located in the Bahamas and is regulated by the Bahamas Securities Commission (SCB).
All customer funds are separated from the company's funds and stored in special segregated accounts with the Commonwealth Bank of Australia. Moreover, the clients' funds are insured for up to 500,000 US dollars in case of the company's insolvency.
Infinox Capital Ltd, based in the UK and regulated by a very reputable regulator known as the Financial Conduct Authority (FCA), is also controlled by the European Securities and Markets Authority (ESMA), which makes it a fairly reliable broker. But it is only available to residents of the UK, at the same time, traders from other countries can open an account only in an offshore jurisdiction in the Bahamas, which, although regulated by SCB, is not as reliable a regulator as the FCA.
What is the maximum leverage in Infinox?
In accordance with the current ESMA restrictions, the leverage in the EU and the UK cannot be more than 1:30 for major currency pairs. However, leverage of up to 1:500 is available in the jurisdiction in the Bahamas.
Infinox can largely be considered a stock CFD broker, since there are shares of more than 1000 companies from all over the world. This includes well-known companies such as Apple, Amazon, Alibaba and Boeing, to name just a few. In addition, Infinox offers trading in more than 30 currency pairs, various major stock indices, as well as a fairly large selection of commodities, including precious metals.
Traders have a choice between using MT4, MT5 and CQG. Among them, MT4 and MT5 are the most well-known platforms among traders and are available both in the web version and in the downloadable desktop version for Windows computers.
CQG is another relatively well-known trading platform in the trading community. Unlike MT4 and MT5, this platform is only available in the web version, so it can work on any computer. CQG is also newer than the classic MT4 platform and has a more modern and intuitive user interface.
In addition, the broker offers the IX Social mobile application for social trading. You can trade on all financial markets, copy the best trades of traders in automatic mode and share your own strategies.
What types of accounts does Infinox offer?
As for the account types, Infinox offers the following trading accounts for the MT4 and MT5 platforms, as well as a special account for the CQG platform:
- STP. A classic account for novice traders with an average spread of 0.9 points without commission.
- ECN. An advanced account for experienced traders with narrow spreads of 0.2 pips and a commission of £5/€5.5/$7.5.
MAM/PAMM accounts are also available for tradingand on one account on behalf of your clients and Islamic accounts.
What is the minimum deposit in Infinox?
All trading accounts can be replenished using bank transfers, major credit and debit cards, as well as Skrill and Neteller e-wallets. The minimum deposit is 1 pound sterling.
Infinox is an ambiguous broker with its pros and cons. On the one hand, it is a reliable broker with an authoritative FCA regulator in the UK, ECN accounts, narrow spreads and a wide selection of trading instruments. On the other hand, it is an offshore broker authorized in the Bahamas by a little-known regulator SCB.
Therefore, before choosing a broker, we recommend that you read the reviews of Infinox, as well as see our rating of Forex brokers.
|General information of Infinox
|Year of foundation
|MT4, MT5, CQG
|USD, EUR, GBP, AUD
|Currency pairs, indices, stocks, futures, metals
|BankTransfer, Visa/MasterCard, Skrill, Neteller
|Payment for inaction
- Year of foundation 2009
- Head Office address Dawson House, 5 Jewry Street, London, EC3N 2EX
- Maximum leverage 1:500
- Min. deposit $1
- Regulation FCA
- Trading Platforms
- Payment systems for input Bank Transfers, Debit/Credit Cards , Skrill, Neleller
- Payment systems for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Neleller
- Number of trading instruments 50
- Number of CFD instruments 1000
- Number of futures 3
- Number of metals 2
This is an excellent advantage of this company.
You just need to open an investor’s account, deposit money and pick an appropriate trader. All the rest will be done automatically through the broker’s custom platform. Even a kid would cope with it.