INFINQX
Pros and Cons
Pros
- Fast order execution
- 24/7 customer support
- Extensive educational resources including webinars and tutorials
- Diverse trading options in Forex and cryptocurrencies
- Comprehensive trading platforms: MT4 and MT5
Cons
- Currently unregulated by any financial authority
- Limited trading instruments primarily focused on forex and cryptocurrencies
- No advanced trading tools or features available on platforms
- Potential withdrawal fees on e-wallet transactions
- Inactivity fees may apply to dormant accounts
Basic Information
User Reviews
INFINQX Overview
INFINQX is a forex broker established in 2020, headquartered in the United Kingdom. Operating for a period of 2-5 years, INFINQX is currently unregulated, which may pose potential risks for traders seeking a secure trading environment. This lack of regulation emphasizes the importance of thorough research and caution when considering trading with this broker.
The broker offers a variety of trading options, focusing primarily on forex and cryptocurrencies. INFINQX aims to provide a comprehensive trading platform with features designed to enhance user experience. Traders can expect fast order execution and 24/7 customer support, enabling them to navigate the markets effectively. Additionally, the broker emphasizes educational resources, providing webinars and tutorials to empower traders with the knowledge necessary for informed trading decisions. Despite its unregulated status, the broker seeks to establish a robust trading environment for its clients through its innovative platform and commitment to customer service.
Is INFINQX Safe? Regulation Analysis
Regulatory Information
INFINQX is currently not regulated by any recognized financial authority. This lack of regulation may pose significant risks for traders, as there is no established framework for investor protection or oversight of the broker’s operations. Trading with an unregulated broker like INFINQX can lead to potential issues such as a lack of recourse in the event of disputes or fraud, making it essential for traders to exercise caution.
Is INFINQX Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does INFINQX offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major & Minor Pairs | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
INFINQX offers a diverse range of trading instruments that cater to various trader profiles, including both beginners and experienced investors. With options in Forex and cryptocurrencies, traders can engage in dynamic markets and develop flexible strategies. The inclusion of multiple asset categories, such as commodities and indices, allows for effective portfolio diversification, making it easier for traders to adapt to changing market conditions. This product variety supports different trading styles, from short-term technical trading to long-term investment strategies, ultimately enhancing the platform’s appeal to a broad audience.
Account Types and Trading Conditions
What Account Types and Fees Does INFINQX Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners | Accessible trading options, user-friendly interface | Suitable for small-capital practice |
| Professional Account | Experienced Traders | Advanced trading tools, higher leverage | Requires trading volume qualifications |
| Corporate Account | Corporate Clients | Customizable services, dedicated support | Requires corporate documentation |
| Demo Account | New Traders | Practice trading without risk | Ideal for learning the platform |
Account Opening Process
To open an account with INFINQX, traders must complete several steps. Initially, personal information such as name, email address, and phone number is submitted. Following this, employment and financial information may be required to assess the user’s trading profile. Identity verification is also necessary, which includes providing an ID and proof of address. Additionally, INFINQX allows flexibility to upgrade to a professional account later if the trader’s experience and trading volume meet the requirements.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Tight spreads available |
| Forex (Minor Pairs) | Varies | $0 | Competitive pricing |
| CFDs (Stocks) | Varies | $0 | Accessible to various market sectors |
| CFDs (Indices) | Varies | $0 | Includes major indices |
| Commodities (Gold, Oil) | Varies | $0 | Flexible trading options |
| Cryptocurrencies (BTC, ETH) | Varies | $0 | Dynamic market engagement |
Other Fees
INFINQX outlines several additional fees that traders should be aware of. There may be deposit and withdrawal fees depending on the method used. Traders should also consider potential inactivity fees for dormant accounts. Platform usage fees are not explicitly mentioned, but traders should review any applicable charges. Overnight interest rates (swap rates) may apply to positions held overnight, and currency conversion fees could be incurred for accounts operating with different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does INFINQX Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | Secure login, multiple order types, technical indicators | Demo account available |
| MT5 | Windows, macOS, iOS, Android | Enhanced market search, price alerts, economic calendar | API interface available |
| Web Version | Any device with internet access | Two-factor authentication, symbol lookup, fast execution | No additional services mentioned |
| Mobile App | iOS, Android | Push notifications, one-click trading, real-time alerts | VPS available |
INFINQX provides multiple trading platforms to suit various trader preferences. MT4 and MT5 are robust options for those needing comprehensive tools and features, with MT5 particularly suited for advanced trading strategies thanks to its enhanced functionalities. The web version offers flexibility for traders who prefer to operate without software installation, while the mobile app ensures convenient trading on-the-go. All platforms emphasize secure logins and fast order execution, supporting traders with efficient tools for market analysis and real-time updates.
Overall, INFINQX’s platform offerings cater to diverse trading styles, from novice to experienced traders, ensuring they have access to necessary resources and support for their trading activities.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $20,000/day | USD, GBP |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $10,000/transaction | USD, GBP |
| e-Wallet (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge on withdrawals | Min $50, Max $5,000/transaction | USD, GBP |
Minimum Deposit
INFINQX requires a minimum deposit of $50 to open a trading account. This amount applies universally across all account types and payment methods, providing an accessible entry point for traders.
How to Withdraw
- Log in to your INFINQX account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the withdrawal amount and confirm your request.
- Complete any required verification steps, if prompted.
- Submit your withdrawal request and await processing based on the selected method.
Customer Support
INFINQX Customer Support Overview
Support Channels
INFINQX offers several methods for clients to access customer support. Traders can contact the support team via:
- Email: Reach out to INFINQX through their email at info@infinqx.ai for assistance.
- Live Chat: Clients can utilize the live chat feature for immediate help.
- Telephone: Support is also available through telephone at +44 7453950415.
- Social Media: INFINQX maintains a presence on various social media platforms where clients can engage with support staff.
Service Availability
INFINQX provides customer support on a 24/7 basis, ensuring that traders can receive help whenever needed. The support team is equipped to communicate in multiple languages, enhancing accessibility for a diverse clientele.
Additional Resources
In addition to direct support, INFINQX offers educational resources such as webinars and tutorials. These resources aim to empower traders with the knowledge necessary for informed trading decisions, contributing to a more supportive trading environment.
Frequently Asked Questions
INFINQX provides trading options in both Forex and cryptocurrencies, allowing traders to buy and sell currencies in the foreign exchange market or invest in digital currencies secured by cryptography.
You can reach INFINQX customer support via email at info@infinqx.ai, through live chat for immediate assistance, or by telephone at +44 7453950415. Additionally, INFINQX is active on various social media platforms.
INFINQX is currently unregulated by any recognized financial authority. This lack of regulation may pose significant risks for traders, as there is no established framework for investor protection.
INFINQX offers extensive educational resources, including webinars and tutorials, designed to empower traders with the knowledge necessary for informed trading decisions.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.