Infinox review and ratings

Established 2009
Location UK Bahamas Mauritius
Regulation FCA, SCB, FSC
Offices London, Nassau, Ebene
Broker type STP | ECN
Leverage up to 1:1000
Deposit from 50 USD
Spreads low  low
Platforms Web MetaTrader 4 CQG Specific Social Platform FIX API (protocol)
Instruments Currencies Crypto Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller Perfect Money EcoPayz SticPay AstroPay ZotaPay

Company information

Infinox group includes 3 related companies.

Infinox UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
Infinox BS - located in the Bahamas, regulated by the Securities Commission of the Bahamas (SCB).
Infinox MU - located in Mauritius, regulated by the Financial Services Commission (FSC).

Infinox is also licensed in South Africa by the Financial Sector Conduct Authority (FSCA).

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, BS company accepts European traders, so one can open a trading account there.

Availability

Infinox accepts clients from all over the world, excluding USA, Canada, Israel, Iran, Russia, Ukraine and some other countries from the OFAC list.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

40+ Currency Pairs Based on major and minor world currencies.
40+ Crypto Pairs Based on Cardano, Algorand, Avalanche, Axie Infinity, Basic Attention, BNB, Bitcoin, Curve, Dode, Polkadot, EOS, Ethereum, Ethereum Classic, Filecoin, 1inch, Iota, Chainlink, Loopring, Maker, Neo, Harmony, Santiment Network, Shiba Inu, Solana, Sushi, Tron, Uniswap, Bantu, Xfinite Entertainment, Stellar, Ripple, Tezos, Zcash and more.
16 Indice CFDs Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
3 Metal CFDs Based on Gold, Silver and Copper.
5 Energy CFDs Based on Crude Oil (WTI, Brent), Gas Oil, Heating Oil and Natural Gas.
7 Soft CFDs Based on Cocoa, Coffee, Orange Juice, Soybean, Sugar, Cotton and Wheat.
1000+ Stock CFDs Based on shares of US, UK and EU companies.

Comprehensive review

Infinox is a forex & CFD broker based in the UK and with additional offices in the Bahamas and Mauritius. In the UK, the broker is regulated by the very reputable regulator known as the Financial Conduct Authority (FCA). However, this also means that the broker is overseen by the European Securities and Markets Authority (ESMA), and thus subject to all relevant ESMA rules and regulations.

Infinox can to a large extent be considered a stock CFD broker, with stocks of more than 1,000 companies from around the world available for trading. This includes well-known companies like Apple, Amazon, Alibaba, and Boeing, just to mention a few. In addition, Infinox offers trading in more than 40 forex pairs, a similar number of crypto pairs, various major stock indices, as well as a pretty large selection of commodities, including precious metals.

Once a new trader has signed up with Infinox, he will get the choice between using either MetaTrader 4 (MT4), MetaTrader 5 (MT5) or the broker’s own social trading platform called IX Social. Among these, MT4 and 5 are by far the best-known platforms among independent traders, and are available both as a web-based version and as downloadable desktop versions for Windows computers.

Meanwhile, the broker’s own trading platform IX Social is a modern and well-designed mobile trading platform that meets the needs of most traders. The platform is focused on so-called social trading, where interaction with other traders and copying trades made by others is the focus. This also opens up interesting opportunities for profitable traders to earn an extra income by sharing their trades with others. The platform has an easy-to-use design, but is still advanced enough to fulfill most needs.

In terms of account types, Infinox offers either a standard STP (straight-through processing) or an ECN (electronic communications network) account for individual traders. As usual, the ECN-type of account is more suitable for traders with larger amounts of capital, while the STP account is the better deal for smaller traders and beginners.

Additionally, joint accounts for those trading in partnership with others, and corporate accounts for those trading as a company, are also available from this broker.

It’s worth noting that Infinox offers special “Premium” treatment for customers who deposit at least USD 1,000 into their trading account. And although Premium clients pay the same spreads and commissions as others, they do enjoy certain benefits, such as one-on-one sessions with analysts and access to the IX Premium Telegram channel.

Although the spread on trading instruments changes dynamically with Infinox, a typical spread on the popular EUR/USD currency pair starts from 0.2 pips with the ECN account, depending on market conditions. With the STP account, spreads start from 0.9 pips, but all trades are commission-free.

As usual, spreads are significantly wider than the minimum spreads for less traded instruments.

All trading accounts can be funded with bank wire transfers, major credit & debit cards, and a number of e-wallet services. However, the exact selection here varies depending on the trader’s country, with some countries supporting significantly more online payment services than others.

As a fully regulated UK-based forex broker, Infinox does not accept deposits made via cryptocurrency (except the relatively unknown Traders Coin in some countries). In order to open a trading account, a copy of a passport, driver’s license, or national ID card must also be submitted electronically to the broker for verification.

Infinox’s customer service is available via email, live chat, WhatsApp and local phone numbers in a large number of countries. The support team’s working hours have unfortunately not been disclosed by the broker.

Lastly, we should remind readers that although this forex broker is fully regulated in the UK, its international branches in the Bahamas and Mauritius are only lightly regulated by the governments there. It is therefore a good idea to be careful and only deposit money once you feel confident about this broker.

Reviews from traders

4.83/5
(6 votes)
5/5
South Africa
South Africa
4/5
South Africa
South Africa
5/5
Romania
Romania
5/5
United Kingdom
United Kingdom
5/5
South Africa
South Africa
5/5
South Africa
South Africa
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