Infinox Review and Tutorial 2020
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|Infinox Facts & Figures|
Infinox is a UK-based broker offering MT4 trading with tight spreads.
|Instruments||Forex, CFDs, indices, shares, commodities, futures|
|Min. Trade||0.01 lots|
|Trade online CFDs with up to 1:30 leverage.|
Trade forex pairs with tight spreads.
Infinox Capital Ltd is a forex broker based in the UK. Multi-asset trading is available on several platforms, including MT4. This review looks at regulation, account types, demo accounts, and more. Find out if you should login and trade with Infinox.
Infinox Company Details
Operating since 2009, Infinox Capital Ltd is a London-based broker regulated by the UK Financial Conduct Authority (FCA). The award-winning company has over 100 employees based around the world, including the Bahamas, Asia, and the Middle East. As a result, the broker’s clients can also be found everywhere from Vietnam and Thailand to Dubai, Australia and Portugal.
Infinox caters for all levels of traders who wish to invest in forex, indices, equities, commodities, and futures. And with a focus on customer service and trading tools, the brokerage aims to be more than just a platform to its clients.
Infinox offers the all-round MetaTrader 4 (MT4) platform. Popular in customers reviews, users can trade forex, CFDs, and futures with a long list of helpful features, including:
- 30+ built-in technical indicators & multiple chart types
- Expert Advisors (EAs) for automated trading
- Real-time price quotes
- One-click trading
- Historical data
- 9 time frames
MT4 can be downloaded from the broker’s website.
Infinox is also making MetaTrader 5 (MT5) available to its clients, promising more advanced and powerful trading tools. Keep an eye on the broker’s website for further details.
The web-based version of MetaTrader means clients can trade without a software download. This is a great option for those looking to test the platform with a demo account, while getting access to a range of indicators and charts, including moving averages, Bollinger bands, and more.
WebTrader can be opened directly from the Platforms page on the broker’s website and is compatible with most internet browsers, including Chrome and Safari.
Infinox offers the web-accessible CQG Trader, which has been around for over 30 years. The slick interface is user friendly and quick to get to grips with. CGQ Desktop also offers a breadth of functionality, including:
- Hybrid Order Ticket (HOT)
- Quote boards & heat maps
- Multiple chart types
- RSS news
Infinox offers five main asset classes:
- Forex – Trade 50 of the most popular currency pairs, including AUD/USD, EUR/USD, and EUR/GBP
- Indices – Trade on some of the world’s largest indices, including the FTSE100 and DAX30
- Commodities – Trade on hard and soft commodities such as gold, silver, and oil
- Equities CFDs – Buy and sell stocks in the world’s biggest companies, including Google and Facebook
- Futures – Trade on futures with real-time Direct Market Access (DMA)
Spreads & Commission
Typical spreads on major currency pairs start at 0.3 pips for EUR/USD, 0.5 pips for GBP/USD, and 0.8 for EUR/GBP. For indices like the FTSE 100, typical spreads are 100 points and for commodities, spreads are 22 for gold and 27 for silver.
Commissions are variable on equity CFDs and futures. Details of specific commission charges can be found on the broker’s website, but generally, charges are 3.5 for futures and 0.10% for equity CFDs.
Leverage for forex, commodities, and indices ranges from 1:10 and 1:30. Leverage is capped due to ESMA regulations, but still provides enough flexibility for traders to substantially increase their positions. The margin on equity CFDs starts at 20% and varies for futures.
The MetaTrader platforms are available as mobile apps, which are compatible with iOS and Android smart devices. Users can trade easily anywhere with much of the same functionality as the desktop platforms, including full trading history, financial news, real-time quotes, and more.
The apps can be downloaded from the Apple App Store or Google Play store.
Deposits and withdrawals can be made via debit/credit card, Skrill, Neteller, or bank transfer. Infinox does not charge for deposits, however, there may be intermediary fees. The minimum deposit is low at just £1, making the broker appealing to beginners. Deposits are usually processed the same day while withdrawals require a payment request form to be filled out before processing can begin.
Infinox offers a demo account with their MT4 ECN and MT4 STP accounts. The demo account allows users to practice their trading strategy in risk-free conditions. Access to the demo account lasts for 30 days and traders receive 10,000 in virtual funds, although this can be increased upon request.
Bonuses & Promotions
As per regulatory restrictions, Infinox does not offer any bonus deals or promotions. However, check the broker’s website and social media channels for news of any upcoming trading contests.
Infinox Capital Ltd is fully licensed and regulated by the UK Financial Conduct Authority (FCA). Should the broker receive too many online complaints, they may find themselves under investigation. Fortunately, we’re comfortable Infinox is not a scam and can be trusted.
Infinox ensures that client money is segregated from company capital, in accordance with regulatory conditions. The broker is also covered by the Financial Services & Compensation Scheme (FSCS), which compensates clients up to £85,000 in the event of insolvency.
Infinox’s educational resources are limited to guides on trading basics, such as spreads and margin requirements. For in-depth resources, traders should look elsewhere. With that said, the broker does offer Autochartist, a market trend analysis tool available with MT4, MT5, or as a standalone web application.
There are three account types to choose from at Infinox. Traders can sign up for the MT4 STP (Straight Through Processing) account, where you only pay the spread on a trade; the MT4 ECN (Electronic Communication Network) account, where you pay lower spreads but also commission; and the CQG Desktop account, which allows for futures trading.
For the STP/ECN accounts, the minimum deposit is just £1 (or EUR/USD/AUD) and for the futures CQG account, the minimum deposit is $5,000.
Reasons to trade with Infinox include:
- Multiple trading platforms
- £1 minimum deposit
- FCA regulated
Disadvantages of opening an Infinox account include:
- Some negative customer reviews
- Limited educational resources
- No cryptocurrency trading
Trading hours for forex are Monday 00:00 to Friday 23:59 UK time. Most equity CFDs are open daily form 08:00 to 16:30 EST and most futures are open Sunday to Friday 6:00 pm to 5:00 pm EST. Trading hours for other markets are more specific and can be found on the broker’s website.
Infinox Customer Support
Customer service is available 24/5 and in 6 languages, including English, Portuguese, Italian, and Arabic.
Traders can contact the customer support team via:
- Email – firstname.lastname@example.org
- Telephone – +44 (0) 20 3713 4490
- Live chat – located in the bottom right-hand corner of the website
Infinox’s registered office address is Birchin Court, 20 Birchin Lane, London, EC3V 9DU. Details for the Hong Kong office can be found on the website.
Infinox Capital Ltd has a competitive offering for traders of all levels. Despite the lack of educational resources, the broker offers multiple trading platforms, three account types, £1 minimum deposits, and is FCA regulated. We’re happy to recommend Infinox to our readers.
Infinox accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Infinox from United States, Belgium.
Is Infinox a scam?
Infinox is FCA regulated and a legitimate broker. But whilst the company is licensed, online trading does come with risks.
What accounts does Infinox offer?
Infinox offers three account types: the MT4 ECN (Electronic Communication Network) account, the MT4 STP (Straight Through Processing) account, and the CQG Futures account. The ECN account is commission-free while the STP account charges through the spread and commissions. As the name suggests, the CQG account is aimed at futures traders.
Is Infinox a good broker?
Infinox offers competitive spreads on forex and reliable trading platforms. The broker is also regulated by the FCA. With that said, there are other brokers offering lower fees and more advanced trading tools.
Does Infinox offer a demo account?
Yes, Infinox offers a demo account with the MT4 ECN and MT4 STP accounts. Demo accounts are available for 30 days from sign-up and come with 10,000 in virtual funds.
What platforms does Infinox offer?
Infinox offers the MT4 desktop and mobile platforms and the CQG desktop platform. The MT5 platform will also be coming soon to Infinox.
|Infinox is a UK-based broker offering MT4 trading with tight spreads.|