INFINITAS Forex Broker provides real users with * positive reviews, 1 neutral reviews and 1 exposure review!
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This account was transferred by a woman. One day later, the money did not enter the fraudster's account.
I have fallen into their pit. I urge all viewers to be extra vigilant about this company and please don’t fall prey to their scam. They’re unregulated and untrustworthy.
Summary: Infinitas, an offshore forex and CFD broker, has garnered mixed reviews from various sources. While it offers a range of trading instruments and supports the popular MetaTrader 4 platform, concerns about its regulatory status, customer service, and overall transparency remain prevalent.
Note: It's important to consider the different entities operating under the Infinitas name, as this can impact the overall trading experience and regulatory compliance.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 4 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 2 |
| User Experience | 4 |
| Additional Features | 5 |
How We Rated the Broker: Our ratings are based on an aggregate analysis of user experiences, expert opinions, and factual data sourced from multiple reviews and reports.
Infinitas was founded in 2018 and is primarily based in Vanuatu. This broker offers a range of trading instruments, including forex, precious metals, indices, bonds, commodities, and securities, totaling around 70 options. It operates on the widely-used MetaTrader 4 platform, which is known for its user-friendly interface and extensive features. However, Infinitas is not regulated by any major financial authority, raising significant concerns about its trustworthiness and investor protection.
Infinitas operates primarily in Vanuatu and has been flagged as unregulated by several sources, including WikiFX, which categorizes it as a "counterfeit dealer." This lack of regulation poses serious risks to traders, as there is no assurance of fair practices or investor protection. Furthermore, the regulatory status of Infinitas has been revoked, raising red flags about its operational legitimacy.
Infinitas allows deposits through various methods, including bank wire transfers, Visa, Mastercard, Neteller, Skrill, and UnionPay. However, there is a lack of transparency regarding withdrawal fees and processing times, which can be a significant drawback for users. The absence of detailed information on currency conversion fees and withdrawal restrictions further complicates the trading experience.
To open a standard account with Infinitas, traders must deposit a minimum of $500, while the premium account requires a hefty $100,000. This high entry barrier may deter many potential clients, especially those who are new to trading or have limited capital.
Infinitas does not seem to offer any bonuses or promotional incentives, which is not uncommon for unregulated brokers. While the absence of bonuses may not be a dealbreaker, it does reduce the overall attractiveness of the broker compared to competitors who offer such incentives.
The broker provides access to a variety of asset classes, including 10 major currency pairs, 17 minor pairs, and 20 exotic pairs in the forex category. Additionally, it allows trading in gold and silver but lacks options for other precious metals like platinum or palladium. The limited number of tradable instruments (around 70) may be a concern for traders looking for a more diverse portfolio.
Infinitas has a somewhat vague structure regarding costs. The standard account features spreads starting from 1.7 pips, while the premium account offers tighter spreads starting from 0.5 pips. However, the broker does not clearly specify commission costs, leading to confusion among potential users. The lack of transparency in this area is a common complaint, as users often find themselves facing unexpected charges.
Infinitas offers leverage up to 1:400 on standard accounts, which can be appealing for traders looking to maximize their potential returns. However, the leverage cap is lower for premium accounts (1:100), which may limit trading strategies for those with larger deposits. The varying leverage options depending on account balance and asset class can make it challenging for traders to navigate their risk exposure effectively.
The primary platform offered by Infinitas is MetaTrader 4, a popular choice among traders due to its user-friendly interface and extensive features. MT4 supports automated trading through Expert Advisors (EAs) and provides real-time market analysis tools. However, the absence of newer platforms like MetaTrader 5 could limit the trading experience for more advanced users.
While specific information regarding restricted regions is not readily available, the lack of regulation raises concerns about the broker's ability to serve clients from various jurisdictions. Traders should verify whether their country is accepted before opening an account.
Infinitas provides customer support primarily in English, but the effectiveness of this support has been questioned. Users have reported slow response times and limited availability, particularly through live chat, which can hinder timely assistance.
In summary, the Infinitas review paints a picture of a broker that offers a variety of trading instruments and the popular MT4 platform, but significant drawbacks exist, particularly regarding its regulatory status and customer service. Potential traders should exercise caution and consider their risk tolerance before engaging with this broker. As always, it's advisable to research alternative, regulated brokers that can offer more security and better trading conditions.
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