InFluxFinance Forex Broker

Note: InFluxFinance's official website: https://influxfinance.pro/ is currently inaccessible normally.InFluxFinance Review SummaryFounded2024Registered Country/RegionDominicRegulationNo RegulationMarket Instruments/Demo Account❌LeverageUp to 1:200EUR/USD SpreadFloating around 3 pipsTrading PlatformWeb-basedMinimum Deposit$250Customer SupportEmail: support@influxfinance.proAddress: 8 Copthall, Roseau Valley, 00152, The Commonwealth of Dominica InFluxFinance is an unregulated brokerage firm that is located in Dominic. As of now, we are only able to gather a limited amount of information regarding their trading products and conditions. Given these circumstances, we consider this broker to be untrustworthy.Pros and ConsPros Cons NoneNon-functional websiteLack of transparencyMT4/MT5 unavailableNo regulationNo demo accountWide spreadsHigh minimum depositOnly email supportIs InFluxFinance Legit? At present, InFluxFinance does not have valid regulatory compliance. The domain of InFluxFinance was registered on August 8, 2024. Currently, its status is “client Transfer Prohibited”. If you are considering choosing this broker, please pay extremely high attention to the safety of your funds. Any decision to engage with an unregulated broker like InFluxFinance comes with significant risks.Account Type There is no info about account types. We only know that InFluxFinance claims to provide a minimum deposit requirement of $250.Leverage The maximum leverage is 1:200. Note that high leverage is a double-edged sword as it can both magnify profits and increase risks.Spread and Commission The benchmark EUR/USD spread is floating around 3 pips. A higher spread means that traders need to overcome a larger cost differential between the bid and ask prices in order to make a profit.Trading Platform InFluxFinance only offers a web-based tradingplatform. It cannot be compared with MetaTrader platforms. That's why we advise you to consider other more reliable brokers offering MT4 or MT5.Deposit and Withdrawal InFluxFinance claims that it works with Visa/MaterCard, bank transfer and Piastrix – a Russian e-wallet.However, the truth seems to be that it only accepts cryptocurrencies and cards which are processed by the notorious ABNCBP Cashier.