https://www.infinoxbs.com/
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INFINOX LTD
INFINOX LTD
United Kingdom
Pyramid scheme complaint
Expose
Benchmark | -- |
---|---|
Maximum Leverage | 400:1 |
Minimum Deposit | $500$ |
Minimum Spread | -- |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 400:1 |
Minimum Deposit | $10,000$ |
Minimum Spread | -- |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Capital
$(USD)
Note: INFINOX LTD is to operate via the website - https://www.infinoxbs.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
The United Kingdom FCA regulation (license number: 501057) claimed by INFINOX LTD is suspected to be a clone. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Feature | Detail |
Regulation | Suspicious clone |
Market Instrument | N/A |
Account Type | STP & ECN |
Demo Account | N/A |
Maximum Leverage | 400:1 |
Spread | N/A |
Commission | N/A |
Trading Platform | N/A |
Minimum Deposit | $500 |
Deposit & Withdrawal Method | N/A |
INFINOX LTD is allegedly a financial services company registered in China that claims to provide its clients with leverage up to 400:1 and a choice of two different live account types.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, spreads, trading platforms, etc.
As for regulation, it has been verified that INFINOX LTD holds a suspicious clone Financial Conduct Authority (FCA) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.35/10. Please be aware of the risk.
Account Types
INFINOX LTD claims to offer two types of trading accounts - STP and ECN, with minimum initial deposit requirements of $500 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The leverage provided by INFINOX LTD is capped at 400:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Deposit & Withdrawal
The minimum initial deposit requirement with INFINOX LTD is said to be $500. Without access to its official site, we cannot say what kind of payment methods are available with the broker.
Customer Support
Unluckily, we didn‘t find any useful information about INFINOX LTD’s customer support on the Internet. Generally, regulated brokers will reveal their telephone numbers, email or company address to let their clients get in touch with them.
Pros & Cons
Pros | Cons |
N/A | • No regulation |
• Website inaccessible | |
• High minimum initial deposit required |
Frequently Asked Questions (FAQs)
Q 1: | Is INFINOX LTD regulated? |
A 1: | No. It has been verified that the United Kingdom FCA regulation (license number: 501057) claimed by INFINOX LTD is suspected to be a clone. |
Q 2: | What is the minimum deposit for INFINOX LTD? |
A 2: | The minimum initial deposit to open the basic STP account is $500, while as high as $10,000 for the ECN account. |
Q 3: | Is INFINOX LTD a good broker for beginners? |
A 3: | No. INFINOX LTD is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high initial deposit requirement. |
Online brokerages are tailoring their offers to the environment and altering their terms appropriately, for the advantage of their clients, as global markets re-adapt to what appears to be a post-pandemic reality.
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