Stay Away! Infinity4x Receives Multiple Warnings
Abstract：Infinity4x, a broker that consists of lies, bad reviews, and warnings, must be the broker we choose to avoid.
If you deposit money in Infinity4x, farewell to your funds. Its fancy web pages could easily confuse you and make you think that it is a legitimate broker. However, the reality is quite the opposite.
“Twin” Scam Websites
Infinity4x was operating two websites - “https://infinity4x.io/” and “https://infinity4x.com/”. The logos, design and contents were totally same in these two websites. What a twin! Though its websites seemed pretty good, no information about the regulation was mentioned, not even a word. It was impossible for a broker with a license not to mention such critical information.
Fake Offices Around the World
Infinity4x gave an address and four telephone numbers that belong to five different countries for traders to get in touch with them. Here is the detail.
This made viewers believe that the company has offices in these five countries. In this case, the company should be licensed by regulators in all five countries. But, is this the truth？
We checked the five regulators in the countries, including the United Kingdom Financial Conduct Authority (UK FCA), the Australian Securities & Investments Commission(ASIC), the Investment Industry Regulatory Organization of Canada (IIROC), the Polish Financial Supervision Authority (PFSA), and the Spain Comisión Nacional del Mercado de Valores (CNMV). But none of these regulators had issued license to Infinity4x. In other words, Infinity4x was not regulated in any of these countries.
Five Warnings
It is not rare to see an unlicensed broker receives a warning. However, it is rare to see a broker receives warnings this much! Infinity4x received five warnings from four authorities. Moreover, the Italian Companies and Exchange Commission (CONSOB) warned this broker for twice. Let's check the details.
Bad Reviews
Many of the victims posted their trading experiences with Infinity4x. They warned other investors not to trade with this broker because it is a total scam. None of them had got the money invested back. And many of their accounts had been blocked out, which is a common trick that scammers use to refuse to withdraw.
Based on the above information, we can conlude that Infinity4x is a scam. WikiFX suggest you check the license of a broker before trading.
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