INFINOX

The INFINOX brand is a multi-licensed broker, regulated since its founding in 2009. Now they have a global presence in over 15 countries that includes offices across the Latin American, Asian and MENA regions. Individual and corporate (institutional) accounts have various instruments that they can trade: Forex, stock CFDs, indices, commodities, cryptocurrency CFDs and futures CFDs.

INFINOX has won several awards including the recognition as the “Best Forex CopyTrading Platform” and the “Most Trusted Broker in Asia”

Regulation

• INFINOX Capital Ltd – authorized by FCA (UK) registration no. 501057
• INFINOX Capital – authorized by SCB (Bahamas) registration no. SIA F-188
• INFINOX Capital Ltd SA – authorized by FSCA (SA) registration no. 50506 
• INFINOX Limited – authorized by FSC (Mauritius) registration no. GB20025832

Countries of presence

INFINOX operates in more than 100 countries worldwide. Mainly customers are distributed in the following countries:

• Thailand 18.86%
•  Brazil 10.88%
•  United Kingdom 5.26%
•  Mexico 4.93%
•  India 2.81%

Awards

Since its founding, INFINOX has received many honorary awards, including:

• 2021 Ultimate Fintech awards
• Best Forex Broker for Long-Term Trading 2022
• 2021 Best Forex Copy Trading Platform – Africa
• 2021 Best Forex Copy trading platform – Middle East

Trading Platforms

• INFINOX offers MetaTrader (MT4/MT5) on mobile and desktop, as well as the IX Social copy trading app where you can copy and earn just like the pros.
• IX One. End-to-end trading platform IX One multi-asset mobile-friendly platform is packed with all the essential trading features. Deposit, trade and withdraw, track charts and positions, watch live and pre-market insights, analyse your trading history, and even build your own custom dashboard.

Trading accounts

We discovered two different account types during this INFINOX review. Clients may choose between the commission-free straight-through processing (STP) account or a commission-based electronic communication network (ECN) alternative.

A minimum deposit of £1 or a currency equivalent is required

Comparative analysis of trading accounts:

Trading Instruments

Currencies – 43 (USDCHF, GBPUSD, EURUSD, USDJPY, USDCAD, NZDUSD, AUDUSD, AUDCAD, AUDNZD, AUDCHF, AUDJPY, CHFJPY, EURGBP, EURAUD, EURCHF, EURJPY, EURNZD, EURCAD, GBPCHF, GBPAUD, GBPCAD, GBPJPY, CADJPY, CADCHF, GBPNZD, NZDCHF, XAUUSD, XAGUSD, EURSEK, EURNOK, USDNOK, USDSEK, EURMXN, USDMXN, EURHUF, USDHUF, USDZAR, EURZAR, USDHKD, USDRUB, USDTRY, EURTRY, XAUEUR) 

Indices&Commodities – 30 (AUS200, GER30, ESP35, EU50, FRA40, HKG33, IND50, JPN225, US100, UK100, US30, US500, US2000, USD Index, VIX, CHINA50, COCOA, COFFEE, COPPER, COTTON, GAS, GASOIL, NGAS, ORANGE, SOYBEAN, SUGAR, WHEAT, UKOil, USOil, WTI Future)

Equities CFD – 8 (LSE, NYSE, NASDAQ, BME, Deutsche Stock Exchange (XETRA), Euronext Paris, Euronext Lisbon, Euronext Amsterdam)

Cryptocurrencies – 43 (ADAUSD, ALGUSD, ATMUSD, AVAUSD, AXSUSD, BATUSD, BNBUSD, BTCEUR, BTCUSD, BTCXBN, BTCXET, BTCXLC, CRVUSD, DOGUSD, DOTUSD, EOSUSD, ETCUSD, FILUSD, INCUSD, IOTUSD, LNKUSD, LRCUSD, MKRUSD, MTCUSD, NEOUSD, NERUSD, ONEUSD, SANUSD, SHBUSD, SOLUSD, SUSUSD, TRXUSD, UNIUSD, XBNUSD, XETEUR, XETUSD, XETXBN, XETXLC, XLCUSD, XLMUSD, XRPUSD, XTZUSD, ZECUSD)

Futures – 7 (DJ30ft, NAS100ft, SP500ft, GOLDft, SILVERft, HK50ft, CHINA50ft)

Trading Conditions

Spreads & Commission

When we used INFINOX, typical spreads on major currency pairs started at 0.3 pips for EUR/USD, 0.4 pips for GBP/USD, and 0.3 for EUR/GBP. For indices like the FTSE 100, typical spreads are from 0.42 to 2.2 pips; 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 broker’s website, but generally, charges are 1.5-2.8 pips for futures and $0.02 for equity CFDs.

INFINOX 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. The margin on equity CFDs starts at 20% and varies for futures.

The maximum leverage is 1:200, which helps increase your trading power if you are in a region that isn’t regulated by ESMA or if you are a professional client

Registration process

INFINOX offers registration via email, google account or LinkedIn.

To register, the client provides personal and contact information, selects the terms of the trading account and completes a short questionnaire to understand his professional experience and trading knowledge.

After filling out the questionnaire, a confirmation letter will be sent to the mail, after which the registration process will be completed. The letter may end up in the Spam folder, be careful. If you have a Google account, then the only way to log in is through the Google button.

Choose your trading conditions carefully, because before the deposit and verification you will not be able to open other real trading accounts.

It takes about 2-3 minutes to complete all the data.

Verification

For verification, the trader provides:

• Passport or Driving Licence or National ID; 
• Selfie with any document in hand.

Deposits and withdrawals 

INFINOX offers client accounts in USD, GBP, EUR and AUD.

Clients can deposit withdraw their funds at any time. Withdrawals are processed on the same day. All client funds are sent back to source, i.e. the same account where they made the initial deposit from. Withdrawals, although processed on the same day, are subject to clearance from the payment processor or bank clearing times. 

Support

• Localized support teams
• Assistance in over 15+ languages, including: English, Thai, Korean, Chinese, Chinese Traditional, Malaysian, Indonesian, Spanish, Portuguese, Vietnamese, Arabic, Mongolian
• On-hand 24/5
• Phone, email, or instant messaging apps 

Affiliate program

• IX Partners program: earning competitive rebates on every client you refer through the IX Partners program. Ideal for education providers, professional traders, and more (up to 20 USD per lot)
• Affiliates: earning some of the best CPA payments per referral on the market. Ideal for online markets, SEO and blog specialists, and more (up to 1200 USD per referral)

Promo&Bonuses

Not Available

Affiliate program

INFINOX offers all clients to participate in their IX Partners program. Broker offers:

• Up to 20 USD per lot
• Up to 1200 USD per referral

Training

INFINOX offers a large training section on its website where you can find articles that teachmaterials Forex and CFDs. ANDextensive IX Glossary to many terms used in trade.