INFINOX Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-26 18:25

Abstract：This Infinox says it is a forex broker registered in UK, offering trading in forex currency pairs, indices, equities, commodities, and futures. This Infinox is a clone firm which traders should stay away from.

　　General Information & Regulation

　　This Infinox says it is a forex broker registered in UK, offering trading in forex currency pairs, indices, equities, commodities, and futures. This Infinox is a clone firm which traders should stay away from.

　　Markets Instruments

　　Infinox offers five main asset classes:

　　Forex – Trade 50 of the most popular currency pairs, including AUD/USD, EUR/USD, and EUR/GBP
　　Indices – Trade on some of the worlds largest indices, including the FTSE100 and DAX40
　　Commodities – Trade on hard and soft commodities such as gold, silver, and oil
　　Equities CFDs – Buy and sell stocks in the worlds biggest companies, including Google and Facebook
　　Futures – Trade on futures with real-time Direct Market Access (DMA)

　　Minimum Deposit

　　There are three account types to choose from at Infinox. For the STP/ECN accounts, the minimum deposit is just £1 (or EUR/USD/AUD) and for the futures CQG account, the minimum deposit is $5,000.

　　Leverage

　　Leverage for forex, commodities, and indices ranges from 1:10 and 1:30. Leverage is capped due to ESMA regulations, but still provides enough flexibility for traders to substantially increase their positions

　　Spreads & Commissions

　　Typical spreads on major currency pairs start at 0.3 pips for EUR/USD, 0.5 pips for GBP/USD, and 0.8 for EUR/GBP. For indices like the FTSE 100, typical spreads are 100 points and for commodities, spreads are 22 for gold and 27 for silver. Commissions are variable on equity CFDs and futures. Details of specific commission charges can be found on the brokers website, but generally, charges are 3.5 for futures and 0.10% for equity CFDs.

　　Trading Platform Available

　　Infinox is an unregulated broker, it offers the counterfeit MT4 trading platform where trading on it is full of risks.

　　Deposit & Withdrawal

　　Deposits and withdrawals can be made via debit/credit card, Skrill, Neteller, or bank transfer. Infinox does not charge for deposits, however, there may be intermediary fees.