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INFINOX -

Score

1.49 /10
Danger

INFINOX

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.infinox-dealer.com/en

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.86

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

INFINOX

Company Abbreviation

INFINOX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

INFINOX

United Kingdom

WikiFX Verification

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

This broker is a fake

I was cheated of 80,000 yuan, making me bankrupted

2021-03-23 19:09
Unable to Withdraw

INFINOX gives no access to withdrawal. I suspect it is a fraud platform

When I withdrew, I was told that my info was wrong and I have to pay 10% margin to modify it. This is the first time that I've heared I have to pay margin to modify info

2020-12-21 09:33
Unable to Withdraw

I was scammed to deposit 310,900, and now I can't withdraw money, and the loss is serious. Please help!

I was scammed to deposit for a 500k event and I can only withdraw after a depositing 500k. Now, I do not have money. The platform does not withdraw for me. Please help me. I am a Chinese citizen

2023-02-10 11:15
Scam

A fraud group!

A clone one of INFINOX. I saw a post in the WeChat Moments, which said there would be a teacher helping u profit 8 to 12 times. You should pay commissions after operations. I deposited 70,000 and profited 700,000. Then 112,800 was required as identification fee for wrong bank account. But I checked many times. They must change my data in the background. My application for withdrawals was approved, but 150,000 certification fee was needed for I didn’t open international collection business. I deposited 182,800 in total, in the end, I can’t withdraw funds at all. The platform said my money would be given to Red Cross Foundation if I didn’t pay certification fee. Is there anyone who was cheated by the same scam?

2021-01-14 17:02
Resolved

Unable to withdraw with lots of reason in INFINOX. Fraud platform!

At first, I was told that my bank account was wrong and 118,000 was needed. After that, 150,000 certification fee was required by the Citibank!

2021-01-12 19:26
Unable to Withdraw

INFINOX doesn’t allow me to withdraw with varied reasons.

INFINOX doesn’t allow me to withdraw with varied reasons, such as deposit, reputation, tax and so on. And they also want to seal my account. My problems haven’t been solved yet.

2020-08-29 15:55
Unable to Withdraw

I was induced to make a loan and deposit 280k. Now, I cannot withdraw.

I was induced to make a loan and deposit 280k. I was scammed that I need to reservce 500K for event. Now, I do not have money to deposit and complete it. I cannot withdraw. Please supervision check that if it is a fraud platform. Please help me to get my money back. I am a Chinese

2023-01-31 16:04
    INFINOX · Company summary

    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.

    News

    NewsINFINOX Gives Further Push to Institutional Desk With New Executive Manager Lee Holmes

    Holmes will be supporting the overall IXO Prime business model, including process, policy, product and technology.

    WikiFX
    2022-05-10 10:08
    INFINOX Gives Further Push to Institutional Desk With New Executive Manager Lee Holmes

    NewsINFINOX Makes Another Strategic Hire, Brings in Adam Saward as Executive Management

    Saward will be leading the global strategy division at INFINOX and he has nearly two decades of experience in prime brokerage services, including electronic execution and CFD offerings.

    WikiFX
    2022-04-28 11:26
    INFINOX Makes Another Strategic Hire, Brings in Adam Saward as Executive Management

    NewsINFINOX Hires Head of Institutional Sales MENA to Ramp Up IXO Prime Offering

    Aaron Brown will be joining INFINOX to lead the IXO Prime institutional sales desk as Head of Institutional Sales MENA.

    WikiFX
    2022-04-27 18:00
    INFINOX Hires Head of Institutional Sales MENA to Ramp Up IXO Prime Offering
    About More

    User Reviews

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    User comment

    4

    Comments

    Write a review

    FX1684593876
    more than one year
    The customer service experience was prompt and very helpful. Went above and beyond to make sure my problem was resolved as quick as possible.
    The customer service experience was prompt and very helpful. Went above and beyond to make sure my problem was resolved as quick as possible.
    Translate to English
    2024-05-31 18:45
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    exotrader
    more than one year
    This platform has proven to be fraudulent, causing significant financial harm. Withdrawal attempts were met with suspicious demands, including a 10% margin for correcting withdrawal information. Additionally, I fell victim to a clone group posing as INFINOX, leading to the loss of my funds. Exercise extreme caution when considering INFINOX, as their practices indicate potential risks. Explore more reputable alternatives to protect your investments.
    This platform has proven to be fraudulent, causing significant financial harm. Withdrawal attempts were met with suspicious demands, including a 10% margin for correcting withdrawal information. Additionally, I fell victim to a clone group posing as INFINOX, leading to the loss of my funds. Exercise extreme caution when considering INFINOX, as their practices indicate potential risks. Explore more reputable alternatives to protect your investments.
    Translate to English
    2023-12-15 19:12
    Reply
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    7