Infinox 2019 Review
Formerly known as Go Markets UK Trading Limited, Infinox Capital Ltd is one of the leading forex brokers on the international market. The company started as Vantage FX since its establishment in 2009, and it was until 2014 that it rebranded into Go Markets UK.
As a trader, choosing the right broker puts you miles away to achieve maximum profits and before you come to say “wish I knew,” after opening an account with a broker, here’s everything you need to know about Infinox broker.
For any broker, the safety of the funds ranks high among the cloisters. Infinox obtained its Financial Conduct Authority (FCA) regulation in 2009 hence making it a broker of choice. However, that’s not all to make it the best broker.
The headquarters are based in London with also an office in Shanghai, China. The company offers a variety of trading platforms as well as pays attention to the web. At the end of the day, you’ll be able to discern if Infinox is indeed reliable or a scam.
Moreover, you’ll have understood the brokers’ trading conditions, its features, deposits and withdrawal fees, and everything you require in the best broker.
Infinox offers a variety of trading platforms for its users. The primary trading platform is the Meta Trader 4 (MT4). The platform provides an advanced charting package, several technical indicators, an excellent environment for back-testing, and a plethora of Expert Advisors (EAs).
Furthermore, MT4 is easy to use and has a user-friendly interface making it excellent for novice traders. Besides, it has a web version as well as applications for mobile phones running iOS and Android.
Also, Infinox offers Autochartist for the automated technical analysis as well as provides a VPS in collaboration with 4XSolutions.
Infinox Account Types
Before registering into a broker, it’s a no brainer to understand its account types. For Infinox, it offers two types of accounts;
- Straight Through Processing (STP)
- Electronic Communication Network (ECN)
The STP type is a commission-free account and requires you to have a minimum deposit of $100. The minimum trade size for this particular account is 0.01, with a maximum leverage of 1:300. Spreads are from 1.2 pips on the EUR/USD, typical 1.5.
The ECN account requires $1,000 as a minimum deposit and offers spreads from 0.4 pips on the EUR/USD. The leverage is 300:1, and if you’re a professional trader, no leverage restrictions from ESMA. It has minimum trade size of 0.01 lots.
Infinox capital also offers a demo account for starters getting into trading. With a demo account, you’re able to learn and master the move before getting into the real deal.
Unfortunately, Infinox doesn’t have a Nano for all the accounts. Therefore, if you want to learn in a real account without any risks, then you may want to look elsewhere.
Infinox offers a variety of products for trading to ensure that its clients are well covered. The products for trading include; indices, forex, share, and cryptocurrency. It also contains significant cryptos such as Bitcoin, Ethereum, Ripple, Litecoin, and many others.
Supporting such cryptos is an advantage for the broker, which also has more than 46 pairs of forex for trading.
Deposit and Withdrawal Methods
Once you’ve decided to go with Infinox and successfully open an account, depositing and withdrawing funds is a breeze. The company provides several methods that you can choose to perform your transactions.
The methods available include;
- Wire transfer
- Credit/debit card
- Bank transfer
- China Union Pay
Moreover, Infinox enables users to open accounts and can deposit their funds in EUR, GBP, YEN, AUD, and USD. There are no additional charges for deposits and withdrawals; only charges waved by your payment provider.
Safety of Funds
Another important aspect is the safety of client funds. The FCA has strict requirements regarding the client funds stating that customer money has to be kept in segregated accounts. Infinox has complied as it has everything in Barclays Bank PLC UK.
Furthermore, Infinox is a member of the FCSC (Financial Services Compensation Scheme) that provides the brokers as well as customers with a safety net if there’s company insolvency. In such cases, FSCS compensates with up to $50,000 per individual. Therefore, Infinox proves to be secure enough for trading.
Infinox also offers a 20% bonus for deposits and $2 Rebate for the STP account. However, to obtain the reward, you’ll be required to deposit at least $500 and then complete a form on the same.
Also, Infinox has a “Trading Tools Offer” for the Go Markets accounts (for trading central as well as Autochartist tools). For instance, if you fund at least $500, you get one trading tool, and if you fund in $1000, you get both Autochartist and Trading Central.
Another section where most brokers fail to impress is on their customer support. Infinox provides an experience for their customers that are worth smiling at. The company has a live chat section as well as a call-back option.
Besides, it provides a support language in both Chinese as well as English. The Infinox website language is also available in German, Italian, Spanish, Chinese, and England. You can also reach them via a provided email.
It goes down well to say that Infinox is a well-regulated and reliable broker that offers taring in a variety of currency pairs as well as CFDs on their magnificent MT4 platform. Moreover, it provides promotions for users, forex trading, STP/ECN model, FCA licensed as well as a member of the FSCS.
It’s not a walk in the park to trust a broker. Any problems with the broker, it’s the regulators who should help. For that reason, no broker will be willing to lose a license and hence won’t dare to scam your funds.
Therefore, in addition to the excellent customer support, a variety of trading products, easy to use platforms, and excellent regulation, Infinox ticks almost evert box as the best broker in the international market.