General Information & Regulation
INFINOX is a Forex and CFD online trader, founded in 2009 and headquartered in London, UK, with offices in 15 countries/regions worldwide. It currently holds a full license from the Financial Conduct Authority (FCA) (Regulatory No. 501075) and a retail forex license from the Securities Commission of the Bahamas (SCB) (Regulatory No. SIA F-188).
Market Instruments
Infinox provides traders with access to mainstream and popular financial trading instruments in the global financial markets, including Forex (49 currency pairs), stocks CFDs, indices, commodities, futures CFDs, etc.
Minimum Deposit
Infinox offers a choice of three accounts for traders, IX social, MT4&MT5 STP account and the MT4 & MT5 ECN account. The minimum deposit for opening an account is $1, which sounds a great oportunity for beginners.
INFINOX Leverage
As a UK based broker, Infinox complies with the FCA regulation offering leverage up to 1:30 for major currencies, 1:20 for minor currecies, and 1:10 for commodities. However, an international proposal with SCB guidance allows the higher leverage up to 1:200. Please keep in mind that leverage may magnify potential profits but also increase risk to a large extent.
Spreads & Commissions
The minimum forex spreads for STP accounts in MT4 are 1.2 for GBPUSD, 0.25 for GoldUSD, and 0.17 for SilverUSD. The minimum Forex spreads for ECN accounts are 0.2 for Europe and the US, 0.17 for GoldUSD, and 0.12 for Silver USD. The minimum spreads for STP accounts in MT5 are 0.7 for Euro pounds and 0.23 for gold dollars, while the minimum spreads for ECN accounts are 0.3 for Europe and America and 1.8 for gold. The minimum spreads for futures are 0.35. the minimum average spreads for indices and commodities are 0.03 for STP accounts and 0.02 for ECN accounts.
Trading Platform Applied
MetaTrader is the world's most popular trading platform designed to provide traders with charting and data analysis to help traders trade Forex, indices, gold, commodities, and more on the global market. These two platforms have advanced charting features, technical analysis, available for EA (intelligent trading), and one-click trading. MT4 has 9 timeframes, 4 pending orders, MQL4 script, hedging mode, 30 indicators.MT5 has 21 timeframes, 6 pending orders, MQL5 script, hedging mode and netting, 38 indicators. MT4 can trade Forex, indices, metals, crude oil; MT5 can trade Forex, indices, metals, crude oil, and stocks.
Deposit & Withdrawal
Withdrawal and deposit methods are supported by Skrill, Neteller, Visa/Master, Wire Transfer, Maestro, accepting currencies of USD, EUR, GBP, AUD, and no commission is charged for deposits. Withdrawal requests will be processed on the same day.
