Infinox Capital Ltd is a UK based forex broker. Multi-asset trading is available on multiple platforms including MT4. This review covers account types, demo accounts, and more. Find out if you should log in and trade with Infinox.
Infinox Capital Ltd, operating since 2009, is a London based broker regulated by the UK Financial Conduct Authority (FCA). The award-winning company employs over 100 people worldwide, including the Bahamas, Asia and the Middle East. As a result, the broker’s clients can be found everywhere from Vietnam and Thailand to Dubai, Australia and Portugal.
Infinox caters to traders of all levels looking to invest in forex, indices, stocks, commodities and futures. And with a focus on customer service and trading tools, the brokerage strives to be more than just a platform for their clients.
Infinox offers a versatile MetaTrader 4 (MT4) platform. Users can trade Forex, CFDs and Futures with a long list of useful features, including:
- 30+ built-in technical indicators and several types of charts
- Expert Advisors for automated trading
- Price quotes in real time
- Trade in one click
- Historical data
- 9 timeframes
Infinox also offers the latest MetaQuotes platform, MT5. It is a more advanced platform with support for more assets, more chart and indicator options, and more order types. All the same MT4 functionality is retained due to increased software efficiency and additional tools.
The web version of MetaTrader means that clients can trade without downloading any software. This is a great option for anyone looking to test the platform with a demo account while gaining access to a range of indicators and charts, including moving averages, Bollinger bands and more.
WebTrader can be opened directly from the platforms page on the broker’s website and is compatible with most internet browsers including Chrome and Safari.
Infinox offers a web-based CQG Trader that has been around for over 30 years. The sleek interface is easy to use and quick to learn. CGQ Desktop also offers a wide range of features, including:
- Hybrid Order Ticket (HOT)
- Quote Boards and Heatmaps
- Several types of charts
- RSS news
Infinox offers five main asset classes:
- Forex – Trade 50 of the most popular currency pairs including AUD / USD, EUR / USD and EUR / GBP.
- Indices – Trade some of the world’s largest indices, including the FTSE100 and DAX40.
- Commodities – trade in hard and soft commodities such as gold, silver and oil.
- Stock CFDs – Buy and sell stocks of the world’s largest companies, including Google and Facebook.
- Futures – Trade in futures with direct market access in real time (DMA)
Spreads and commission
Typical spreads for major currency pairs start at 0.3 pips for EUR / USD, 0.5 pips for GBP / USD and 0.8 pips for EUR / GBP. For indices such as the FTSE 100, typical spreads are 100 pips, and for commodities, 22 for gold and 27 for silver.
Commissions for CFDs on stocks and futures differ. Details on specific commission fees can be found on the broker’s website, but they are typically 3.5% for futures and 0.10% for stock CFDs.
The leverage for forex, commodities and indices ranges from 1:10 to 1:30. Leverage is limited by ESMA rules, but still provides traders with the flexibility to significantly increase their positions. Stock CFD margins start at 20% and vary for futures.
MetaTrader platforms are available as mobile applications compatible with iOS and Android smart devices. Users can easily trade anywhere with much of the same functionality as the desktop platforms, including complete trading history, financial news, real-time quotes, and more.
Apps can be downloaded from the Apple App Store or Google Play.
Deposits and withdrawals can be made by debit / credit card, Skrill, Neteller or bank transfer. Infinox does not charge a deposit fee, however intermediary fees may apply. The minimum deposit is just £ 1, making the broker attractive to newbies. Deposits are usually processed the same day, while withdrawals require a payment request form to be completed prior to processing.
Infinox offers a demo account with their MT4 ECN and MT4 STP accounts. The demo account allows users to practice their trading strategy in a risk-free environment. The demo account is accessed for 30 days and traders receive 10,000 virtual funds, although this can be increased upon request.
Infinox Capital Ltd is fully licensed and regulated by the UK Financial Conduct Authority (FCA). If the broker receives too many online complaints, they may be prosecuted. Fortunately, we are confident that Infinox is not a scam and can be trusted.
Infinox ensures that clients’ money is segregated from the company’s capital in accordance with regulatory conditions. The broker is also covered by the Financial Services and Compensation System (FSCS), which reimburses clients up to £ 85,000 in the event of insolvency.
Infinox educational resources are limited to guides on the basics of trading such as spreads and margin requirements. Traders should look elsewhere for detailed resources. That being said, the broker offers Autochartist, a market trend analysis tool available from MT4, MT5, or as a standalone web application.
Infinox also has a social trading platform that is integrated with MT5 and offers a wide range of assets and advanced trading tools. Social trading features include automated copy trading, community leaderboards and rewards, strategy sharing, and social interactions.
There are three types of accounts in Infinox. Traders can sign up for an MT4 STP (Straight Through Processing) account where you only pay the trade spread; MT4 ECN (Electronic Communications Network) account where you pay lower spreads but also commission; and a CQG Desktop account that allows you to trade futures.
For STP / ECN accounts, the minimum deposit is just £ 1 (or EUR / USD / AUD), and for the CQG futures account, the minimum deposit is $ 5,000.