INFINOX

Rojas

1-2 años

What account types does INFINOX offer?

WikiFX Respuesta

INFINOX offers two main account types: the STP (Straight Through Processing) account and the ECN (Electronic Communication Network) account. The STP account is ideal for traders who prefer simplicity and do not want to deal with commission costs. With an STP account, you can trade without worrying about extra commissions, but you will encounter slightly wider spreads starting from 0.9 pips. This makes the STP account better suited to traders who focus on a more straightforward trading experience without worrying too much about additional costs. On the other hand, the ECN account is designed for traders who need tight spreads and are willing to pay a commission for better liquidity and lower transaction costs. The ECN account offers spreads starting from 0.2 pips, which is highly beneficial for active traders who focus on minimizing their trading costs. However, the commission starts at 3 GBP/EUR/USD/AUD per side. This commission can add up quickly, especially for traders who engage in high-frequency trading. Therefore, active traders who prioritize tight spreads and are comfortable with commission fees may find the ECN account more appealing. On the other hand, traders who prefer simplicity and lower transaction costs may favor the STP account, even though the spreads are wider. Both accounts provide leverage up to 1:30, with the choice depending on the trader’s strategy and preferences.

Broker Issues

INFINOX

Account

Instruments

Platform

Leverage

2025-07-12

Estados Unidos

Wahab

1-2 años

What are the detailed spreads of INFINOX?

WikiFX Respuesta

Depending on the different types of accounts, the spreads vary. In STP accounts, spreads start from 0.9 pips, while in ECN accounts, the minimum spread is 0.2 pips. The lower the spread, the faster the liquidity.

Broker Issues

INFINOX

Fees and Spreads

2025-07-08

Estados Unidos

Elio Matacena

1-2 años

Is INFINOX safe and legit?

WikiFX Respuesta

INFINOX is considered a legitimate and relatively safe broker, particularly for traders based in the UK or EU, due to its regulation by the Financial Conduct Authority (FCA). The FCA is known for enforcing strict rules to protect consumer interests, including ensuring that client funds are kept in segregated accounts. This means that your funds are legally protected in the event that the broker faces financial trouble, offering a high level of security. However, while FCA regulation offers robust protection, INFINOX also operates under an offshore license from the Securities Commission of the Bahamas (SCB). Offshore regulation offers some oversight but is generally not as stringent as FCA regulation. This raises concerns for traders who may rely more heavily on the higher protection standards offered by the FCA. The SCB regulation may not have as many safeguards in place, and investors could potentially face more risk in situations where regulatory oversight is less stringent. In conclusion, INFINOX is legit, and for FCA-regulated traders, it is relatively safe. However, I recommend that traders based outside of the UK or EU exercise caution when dealing with offshore-regulated brokers. While the FCA regulation gives INFINOX credibility, the offshore aspect introduces an additional layer of risk, so traders should always conduct thorough research before depositing funds.

Broker Issues

INFINOX

Regulation

2025-07-05

Estados Unidos

aariapoor

1-2 años

Is INFINOX a regulated broker?

WikiFX Respuesta

Yes, INFINOX is subject to regulation by FCA and offshore regulation by SCB. The license numbers are 501057 and SIA F-188, respectively.

Broker Issues

INFINOX

Regulation

2025-07-01

Estados Unidos

Bhavani Durga K

1-2 años

What is the minimum deposit of INFINOX broker?

WikiFX Respuesta

The first deposit amount at INFINOX must be 50 GBP or the equivalent.

Broker Issues

INFINOX

Withdrawal

Deposit

2025-06-19

Estados Unidos

Razzie87

1-2 años

Does INFINOX charge any commissions?

WikiFX Respuesta

Yes, INFINOX charges commissions on its ECN account type. The commission starts at 3 GBP/EUR/USD/AUD per side for each trade, which is typical for brokers offering low spreads. The ECN account provides tighter spreads, starting at just 0.2 pips, but the addition of commissions makes the total cost of trading higher than with the STP account, which does not charge any commission. Traders who prioritize low spreads and are willing to pay a commission fee may find the ECN account more appealing, especially for high-frequency trading or scalping strategies. On the other hand, if you are a trader who prefers simplicity and lower transaction costs, the STP account may suit you better. The lack of commission on the STP account means that traders will pay a slightly higher spread (starting from 0.9 pips), but they avoid commission fees entirely. When choosing between account types, it’s essential to consider your trading style and how much commission you are willing to pay for lower spreads. Active traders with high trade volumes may prefer the ECN account for the benefit of tighter spreads, despite the commission fees, while others who trade less frequently may find the STP account to be more cost-effective.

Broker Issues

INFINOX

Fees and Spreads

2025-04-30

Estados Unidos

mohdfazlan

1-2 años

How long does INFINOX withdrawal take?

WikiFX Respuesta

INFINOX processes withdrawals within one business day, which is relatively fast compared to many other brokers that may take several days to process withdrawal requests. This quick processing time ensures that traders can access their funds in a timely manner, a critical feature for those who need to move funds quickly. After the withdrawal request is processed, the time it takes for the funds to be credited to your account depends on the payment method used. For example, digital wallet withdrawals (e.g., Skrill or Neteller) are often processed almost instantly, while bank transfers can take a few additional days, depending on the bank’s processing time. This quick processing is a positive aspect, as it reflects INFINOX’s commitment to providing timely and efficient service. However, traders should always check with their chosen payment provider, as some methods may be faster than others. Personally, I appreciate INFINOX’s swift withdrawal processing time. It demonstrates that the broker values liquidity and customer satisfaction. However, if you plan to withdraw via bank transfer, expect to wait a few additional days compared to digital wallets. Always ensure you’re aware of the potential delays based on your chosen withdrawal method.

Broker Issues

INFINOX

Withdrawal

Deposit

2025-02-05

Estados Unidos

Karoline Hardy

1-2 años

What is the minimum deposit at INFINOX?

WikiFX Respuesta

INFINOX requires a minimum deposit of 50 GBP or the equivalent in other currencies to open an account. This is relatively low compared to many other brokers, and it allows traders of all experience levels to start trading without committing a significant amount of capital. The low minimum deposit requirement is particularly beneficial for new traders who may want to test the waters with a small investment before fully committing their funds. This also allows traders to explore the platform and its features without taking on too much financial risk. However, while the minimum deposit is low, it’s important to consider the overall capital needed to take full advantage of leverage and to execute trading strategies effectively. For instance, starting with a deposit of only 50 GBP may limit your ability to use leverage efficiently, especially if you’re trading larger positions. Traders should be mindful of how much capital they need to trade comfortably while managing risk. Although the minimum deposit is accessible, I recommend starting with a deposit amount that you are comfortable with, ensuring it aligns with your trading goals and risk tolerance. For traders in need of more capital to fully explore the market, increasing the deposit can enhance your ability to engage in more diversified strategies.

Broker Issues

INFINOX

Withdrawal

Deposit

2025-01-30

Estados Unidos