Business
License
Summary: The Infinity broker has garnered significant negative feedback from users, with many describing it as a potential scam. Key issues include a lack of regulatory oversight and difficulty in withdrawing funds, raising serious concerns about the safety of investors' money.
Attention: Its crucial to note that the Infinity broker operates under various entities across different regions, which complicates the regulatory landscape. This review aims to provide a fair and accurate assessment based on multiple sources.
Category | Rating (out of 10) |
---|---|
Account Conditions | 2 |
Tools and Resources | 3 |
Customer Service and Support | 2 |
Trading Experience | 2 |
Trustworthiness | 1 |
User Experience | 2 |
We assess brokers based on user feedback, expert opinions, and regulatory information.
Founded in 2023, Infinity operates under the name Infinity Business Brokers Ltd, claiming to provide online trading services. Despite its recent establishment, the broker lacks a valid regulatory license, raising significant red flags. The platform reportedly offers trading through a web-based interface, but users have expressed concerns about its reliability. Available asset classes include forex, commodities, and cryptocurrencies, but the absence of well-known trading platforms like MT4 or MT5 is notable.
Infinity operates without any recognized regulatory oversight, which is one of its most significant drawbacks. The German Federal Financial Supervisory Authority (BaFin) and the UK's Financial Conduct Authority (FCA) have issued warnings against this broker, indicating that it engages in deceptive practices and operates without authorization. This lack of regulation means that clients have little to no recourse if issues arise.
The minimum deposit required to open an account with Infinity is alarmingly high at €5,000, which is substantially above the industry average. Users have reported difficulties in withdrawing their funds, with several complaints indicating that requests for withdrawals are either ignored or met with unnecessary complications. This aligns with findings from multiple reviews that suggest a pattern of fund retention and withdrawal denial.
Infinity offers bonuses of up to 100%, but these promotions are often tied to stringent conditions that can make it difficult for traders to access their funds. This practice is common among unregulated brokers, who use attractive bonuses to lure in unsuspecting investors.
The platform's cost structure is vague, with many users reporting unspecified spreads and fees. The absence of clear information about transaction costs raises further concerns about transparency and fairness in trading conditions.
Infinity claims to offer leverage of up to 800:1, which is significantly higher than what is typically permitted by regulated brokers in the EU and UK. This high leverage can lead to substantial losses, particularly for inexperienced traders. However, the lack of established trading platforms like MT4 or MT5 limits the tools available to traders, reducing their ability to effectively manage their trades.
Infinity appears to accept clients from various countries, including the US, but it is essential to note that operating without regulation may expose these clients to significant risks. The broker's unregulated status means that investors from regions with strict financial regulations should exercise extreme caution.
Customer service options are limited, with many users reporting poor support experiences. The absence of a dedicated support line further complicates matters, as users often find it challenging to resolve issues related to their accounts.
Category | Rating (out of 10) |
---|---|
Account Conditions | 2 |
Tools and Resources | 3 |
Customer Service and Support | 2 |
Trading Experience | 2 |
Trustworthiness | 1 |
User Experience | 2 |
In conclusion, the Infinity review presents a concerning picture of a broker that lacks the necessary regulatory oversight and customer support to instill confidence in potential investors. The numerous negative experiences shared by users serve as a warning to anyone considering trading with this broker.