Traders Union Published Infinox Review in 2023

Infinox is a broker offering CFD and Forex trading services since 2009. With its main office in the Bahamas and 14 regional branches, it is licensed by the FCA, FSC, and SCB regulators. Traders Union revealed Infinox review, providing valuable insights to empower traders in making informed decisions. This detailed assessment equips traders with the essential knowledge to navigate the trading landscape effectively alongside Infinox.

Infinox: pros and cons

TU experts stated the following pros and cons of Infinox in their review:

Pros of Infinox

  • Wide range of trading instruments: Infinox offers a diverse selection of trading instruments, including forex, commodities, indices, and cryptocurrencies, providing traders with ample opportunities to diversify their portfolios.
  • Robust trading platforms: Infinox provides access to advanced trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among traders for their user-friendly interface, powerful analytical tools, and automated trading capabilities.

Cons of Infinox

  • Limited regulatory oversight: While Infinox is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, it may not be handled in other jurisdictions, limiting the protection offered to traders in those regions.
  • Minimum deposit requirement: Infinox has a relatively high minimum deposit requirement, which may be a barrier for beginner traders or those with limited capital.

Expert review of Infinox

Traders Union highlights the Infinox broker’s commitment to providing direct access to liquidity providers, eliminating the need to go through the broker. Since 2009, Infinox has continuously enhanced its software to ensure faster order execution. The support for ECN and STP technologies not only accelerates execution speed but also offers competitive commissions and eliminates slippage and requotes.

Infinox provides two types of trading accounts, STP and ECN, with the choice of MetaTrader 4 or MetaTrader 5 terminals. The STP account charges a commission in the form of a spread (average of 0.9 pips for EUR/USD), while the ECN account imposes a fixed commission of USD 7.5 per lot.

Analysis of the main features of the Forex broker

Traders Union has evaluated Infinox based on various aspects and assigned the following scores:

  • Overall score: 1.86/10
  • Execution of orders: 2.28/10
  • Investment instruments: 1.92/10
  • Withdrawal speed: 2.22/10
  • Customer Support work: 1.7/10
  • Variety of instruments: 2.44/10

Best alternatives to Infinox

TU experts suggest considering alternative brokerage options to Infinox. Here are some reputable brokers recommended by the Traders Union:

RoboForex

RoboForex is a well-established online broker that offers a broad selection of investment options. Renowned for its cutting-edge trading technology, it provides automated trading systems known as ‘Robo-advisors.’ With a focus on user-friendly experiences and extensive market access, RoboForex caters to both novice and experienced investors.

Pocket Option

Pocket Option is a prominent online broker that specializes in binary options trading. It stands out for its intuitive platform, a diverse range of assets, and flexibility in trading hours. With no minimum deposit requirement, the Pocket Option is accessible to investors with varying financial capacities.

Tickmill

Tickmill is a well-known broker with a global presence, providing services for forex and CFD trading. It is recognized for offering competitive spreads, swift execution of trades, and a reliable trading platform. Tickmill strongly emphasizes transparency and adheres to regulatory standards, making it suitable for traders of all skill levels.

Traders Union has conducted a thorough assessment and made a stance to evaluate FXGM as a commendable alternative to Infinox. Based on the analysis by Traders Union analysts, FXGM provides traders with an advanced online trading platform named PROfit, granting access to diverse trading opportunities. Through this platform, traders can actively engage in CFD trading involving currencies, commodities, and major stocks.

Conclusion

Infinox is a versatile brokerage firm that provides clients with a comprehensive range of trading options worldwide. The company strongly emphasizes security and is regulated, making it a trustworthy choice for traders seeking a robust trading experience. For more detailed information, please visit Traders Union’s official website.