INFINOX

Rojas

1-2年

What account types does INFINOX offer?

WikiFX 回答

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

Leverage

Platform

07-12

美国

Wahab

1-2年

What are the detailed spreads of INFINOX?

WikiFX 回答

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

07-08

美国

Elio Matacena

1-2年

Is INFINOX safe and legit?

WikiFX 回答

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

07-05

美国

aariapoor

1-2年

Is INFINOX a regulated broker?

WikiFX 回答

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

07-01

美国