Analysis of Forex Broker Infinox

Analysis of Forex Broker Infinox

Infinox Capital Ltd. is the new name of Go Markets UK Trading Limited. This Forex broker was established in 2009. Its previous brand was VantageFX under an agreement with Australian broker VantageFX. In 2014, it was renamed GO Markets UK after obtaining its own licence from the UK Financial Conduct Authority (FCA).

Infinox is headquartered in London, while it has offices in Melbourne, Australia and Shanghai, China. This broker offers trades with over forty-six currency pairs and Contract for Difference (CFD) in silver, oil and global indices.

Infinox keeps its clients’ funds in segregated accounts at Barclays Bank PLC UK in compliance with FCA’s stringent requirements. In addition, Infinox is a member of the Financial Services Compensation Scheme (FCSC) which provides brokers and clients with a safety net in the event of the company’s insolvency. The compensation amount of up to £50,000 is awarded for eligible investments. Another FCA requirement that this broker follows is the presentation of proof or declaration of the good financial situation of the company. Infinox must have net tangible assets of at least €730,000.

Analysis of Forex Broker Infinox

Infinox Trading Platform: MetaTrader 4 One

Infinox offers trades on a customized version of MetaQuotes Software’s popular MetaTrader 4 (MT4) trading platform called MT4 One.

Despite the recent massive upgrade of mt4, MT5 successor and the final introduction of MT5’s hedging feature, MT4 remains preferred by most professional brokers and traders.

MT4 provides an advanced graphics package, many technical indicators, an extensive back-testing environment, market manager, sentiment trader, alarm manager, session map and a variety of Expert Advisors (EAs). MT4 is also suitable for novice traders due to its easy-to-use interface. First-time traders can easily orient themselves on the MT4 platform. MT4 also has a web version and apps available for iOS and Android devices.

Infinox also has Autochartist add-on clients for automated technical analysis and provides a virtual private server (VPS) in partnership with 4XSolutions. The VPS is located in the same data center as the broker’s trading servers and its liquidity provider: Equinix LD4-EFX1. VpS service costs £14.97 per month. However, it can be free if a customer can finance an account with at least £1,000 or exchange a minimum of ten standard FX lots per month.

Analysis of Forex Broker Infinox

Types of Infinox Accounts

Account Type Minimum Deposit Minimum Trade Size Maximum Leverage Scatter

STP $150 0.01 1:300 1.2 pips

ECN $1,000 0.01 1:300 0.4 pips 

Infinox offers two account types: STP and ECN. These trading accounts are optimized for merchant performance and unlimited use of EA and the Application Program Interface (API).

The STP account requires a minimum deposit of $150. Spreads on this account can go up to 1.2 pips and require a minimum lot of 0.01. There is no commission for an STP account. The ECN account offers spreads of 0.4 pips and a minimum trade size of 0.1 lots. The minimum deposit is $1,000. There is also a fee of $7.50 per deposit of $100,000.

Both accounts are presented with flexible leverage and prices are quoted directly from Tier 1 global financial institutions. Infinox allows all trading styles, including news trading, scalping and hedging.

Trading conditions in Infinox

This broker allows floating spreads according to the type of account. Infinox complies with FCA leverage up to 1:30 for major currency pairs, 1:20 for smaller currencies, and 1:10 for commodities. However, traders should be aware that investing in over-the-counter derivatives is a risky business and the higher the leverage, the greater the risk of loss. While it is true that the use of leverage can increase profits, a trader should always remember that losses can also exceed the initial deposit. It is strongly recommended to use all trading tools intelligently and set the appropriate leverage for a particular trading instrument or strategy.

Funding your Infinox account

Infinox has several payment methods. Accept bank transfers, debit cards, credit cards, Skrill, Neteller and China Union Pay. However, this broker does not have an option to pay with cryptocurrency coins. Deposits and withdrawal requests are processed quickly by this broker. Once the online form is completed, the funds will be sent directly to the client. In addition, Infinox does not charge additional fees for deposits and withdrawals.

Analysis of Forex Broker Infinox

Conclusion

Infinox offers reliable online commercial services and a wide variety of trading instruments. There is no doubt about the security of the broker as it is regulated by the FCA and other financial institutions. One of the company’s significant advantages is its advanced and progressive technological development that includes transparency in executions and an impressive variety of solutions.




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