INFINOX is a global online broker that has been operating since 2009. While it primarily focuses on B2B clients, it also accommodates private traders. The broker is licensed by the FSC and serves clients in 15 countries. Its management team boasts a combined experience of 100 years. In this review, we will explore the broker’s terms, platforms and account types. Additionally, we will share INFINOX reviews and explain how individuals can use this platform to generate income.
Trading Terms
The main broker’s server is placed in the UK while several proxies are scattered across other regions. Each customer’s platform connects to the closest option to ensure prompt execution.
In the registration form, each new client should pick one of the four currencies: USD, GBP, EUR or AUD. If a user would like to switch to another currency later or modify their personal information, they should reach out to the support operators.
Traders are allowed to have up to 1000 open orders at a time. The lots start with 0.01. All account types support automated trading with the help of Expert Advisors. Plus, INFINOX offers other helpful tools for its audience. For instance, those who deal with equities can check the Dividend Payments Calendar and the Corporate Actions Calendar. There are dedicated pages with economic news, research materials and market analytics that facilitate trading.
The broker offers the option to lend money to users with limited budgets. It is common to find an INFINOX Forex review highlighting leverage of up to 1:1000. However, for other asset classes, the leverage is typically lower, starting at 1:20 for commodities.
INFINOX keeps its customers’ funds in segregated accounts to mitigate risks. Besides, the broker offers negative balance protection—to use it, the client should reach out to the support department.
There is no inactivity fee for customers who take a break from trading. If a person does not use the broker’s services for three months and there is no money left on their balance, their account will be archived.
Trading Platforms
When speaking about the INFINOX pros and cons, some reviewers mention that the broker lacks a custom trading platform. Instead, it offers its audience access to two versions of Metatrader, one of the leading solutions in its niche. The MT4 version is slightly slower and features a limited number of assets but retains a larger user base. Its MT5 counterpart provides more instruments and ensures faster execution.
Besides, there is the IX Social mobile app that provides an easy start for beginners. Its users can copy the trades of experts who are ranked on the leaderboard according to their performance. Followers can learn the basics with the help of live track records and discussion boards.
Registration and Verification
INFINOX allows each client to register a maximum of 10 accounts. All of them should be linked to the same email address. Whenever the client wants, they can transfer money between their accounts as well as from the accounts that they might have with other brokers to INFINOX.
The broker supports three forms of ownership for accounts:
- Individual
- Corporate
- Joint
The last one can come in handy for couples or business partners who want to manage their funds together.
INFINOX offers two account varieties with different terms and sources of liquidity: STP and ECN. The former suits those who would like to avoid trading commissions but can put up with spreads from 0.9. The latter involves commissions from 7 currency units but boasts more lucrative spreads that start from 0.2.
Regardless of whether the user prefers the STP or the ECN account, it is recommended to start with a free demo that remains valid for a month. It enables customers to test different strategies and assets without spending or earning real cash.
Muslim individuals can request access to swap-free accounts. They may be required to provide official documentation from their mosque as proof of faith, and the broker’s representatives will review their trading profiles.
Apart from trading for themselves, users can open PAMM and MAM accounts at INFINOX. They will be able to handle funds on behalf of their clients to generate profit for all the parties involved. People who entrust their money to experienced traders can monitor their activities through a handy interface that ensures transparency.
Account Funding and Withdrawing
The broker supports deposits through various payment methods, including cards, bank transfers, digital wallets and cryptocurrencies. However, all payment methods must be in the trader’s name, as deposits from third-party sources are not allowed. If a trader registers an INFINOX account using an email address different from the one linked to their digital wallet, it will not cause any issues.
A client is allowed to make any number of deposits and withdrawals per day. There are no limits on the maximum amounts of financial transactions. The minimum accepted deposit is USD 50 or the equivalent of this amount in an alternative currency. In most cases, the funds land on the user’s trading balance without delays. INFINOX does not charge a fee for deposits.
Before requesting their first withdrawal, the customer should verify their identity. It is enough to submit only two documents to the profile department for this purpose: an ID and a utility bill. The moderator will check them within a few hours. Even if the client has multiple accounts at INFINOX, it is enough to complete the procedure just once. It can take up to one business day.
The entire process of delivering the money can take up to 5 days, depending on the preferred provider. Withdrawals can involve a fee of 15 USD if the user requests them via Neteller, Skrill or wire more frequently than once per month.
IXO Prime
INFINOX actively collaborates with institutional customers, such as organizations from the financial technologies sector, money managers and other brokers. Each of them can benefit from personalized IXO Prime services. Companies can ask for technological solutions and multi-asset liquidity through an API connection.
In particular, INFINOX provides instruments for managing risks. They enable users to track their performance in real life and assess the potential consequences of their actions with greater precision.
Another in-demand tool is the IXO Position Keeper. It enables institutional customers to monitor the trading activities of their customers without manual intervention.
IX Partners
Apart from trading, users can make money with INFINOX by helping to expand its audience. They can become either introducing brokers or affiliates in terms of the IX Partners program. The former can earn up to 20 USD per lot and the latter can make up to 1200 USD per referral. A handy calculator on the INFINOX website enables potential partners to estimate their approximate income in advance.
The terms of collaboration can be flexible for both IBs and affiliates. Withdrawals take place within 24 hours and can be carried out through multiple payment systems. Each partner can rely on the free assistance of experienced consultants who will provide them with information and promotional materials. IBs and affiliates get access to an insights portal where they can track the results of their activities. A dedicated team will help them to retain customers and boost conversions.
Consultations and Helpful Information
The INFINOX website contains an informative FAQ section. There, new clients can discover concise answers to questions related to opening and funding an account, trading, using platforms and instruments, and so on.
The broker’s support team is available 24/7 and assists customers in over 15 languages. You can contact them via live chat, email at support@infinox.com, or through a web form. Additionally, they respond to comments and private messages on social media. The quality of support is generally reliable across all communication channels.
Customer Feedback
Reviews of the INFINOX broker on various platforms often highlight additional important details.
In certain regions, the INFINOX brand may not be very well-known. However, on a global level, the broker enjoys widespread recognition.
No broker is perfect, and INFINOX is no exception. Minor drawbacks, such as occasional issues during registration, are to be expected. The good news is that these challenges only need to be dealt with once, after which the experience is likely to run smoothly.
However, issues with registration do not seem to be widespread. Judging by the personal experience of other clients, the onboarding is fast and easy.
While some brokers do not allow their customers to cancel withdrawals, INFINOX does. Manual cancellation from one’s client area is unavailable but a person can ask the support for help.
The copy-trading functionality at IX Social is extensive. Neither experts nor their followers have to limit themselves to just one strategy.
Overall, user feedback on the INFINOX trading platform is positive, with praise coming from traders in various locations and employing diverse income-generating strategies.
Conclusion
INFINOX stands out as a solid choice for online traders. The broker offers technological solutions and access to liquidity pools for institutional clients, while private traders can learn the fundamentals and make their first profits using the beginner-friendly IX Social mobile app. Most INFINOX reviews highlight customer satisfaction, and its FSC license reinforces its credibility.
