Business
License
Infinity Brokers presents itself as an enticing trading platform catering to experienced traders through its offerings of high leverage—up to 800:1—and a variety of trading instruments including currencies, cryptocurrencies, and commodities. However, this potential allure is severely overshadowed by critical drawbacks. The absence of regulation raises significant concerns regarding fund safety and customer trust. Negative reviews exacerbate these concerns, highlighting issues such as unfulfilled withdrawal requests and poor customer service. While the platform aims to attract sophisticated traders seeking greater exposure, the risks associated with trading through Infinity Brokers far outweigh the benefits for most investors. Caution is warranted for potential users considering this broker.
Read this carefully. Trading with unregulated brokers exposes you to substantial risks. Before considering any investments with Infinity Brokers, ensure you understand these risks:
How to self-verify:
Criteria | Rating (out of 5) | Justification |
---|---|---|
Trustworthiness | 1 | Infinity Brokers lacks regulatory oversight and has numerous negative reviews. |
Trading Costs | 2 | While commission rates might be competitive, minimum deposits are extremely high. |
Platforms & Tools | 3 | Offers several trading platforms, but usability features and transparency are unclear. |
User Experience | 2 | Users report significant issues with customer service and withdrawals. |
Customer Support | 1 | Poor customer feedback regarding responsiveness and issue resolution. |
Account Conditions | 1 | High minimum deposit requirements and unregulated environment increase risks. |
Founded in 2023 and based in Manchester, England, Infinity Brokers is a relatively new entrant in the online trading landscape. Despite its claim of operating under UK regulation, it has been flagged by authorities due to its lack of a reputable forex license. This violation raises red flags about the legitimacy and safety of the broker, making it a focal point for scrutiny.
Infinity Brokers is an online trading platform offering a variety of asset classes—ranging from currencies to commodities—to experienced traders. However, it currently operates without any recognized regulatory body overseeing its activities. This absence of regulatory compliance is particularly concerning given that reputable companies typically offer some form of assurance to their investors regarding fund safety and operational credibility.
Feature | Details |
---|---|
Regulation | Unregulated |
Minimum Deposit | €5,000 |
Leverage | 800:1 |
Major Fees | High withdrawal fees; details unspecified |
Included Assets | Currencies, commodities, cryptocurrencies, indices |
Supported Platforms | MT4, MT5, cTrader |
Infinity Brokers claims to operate under UK regulations, a rigorous standard generally associated with strong financial safeguards. However, they do not possess a valid forex license, thus operating without necessary oversight. This inconsistency poses substantial risks for potential investors who rely on regulatory bodies for assurance about the safety of their funds.
“I requested a withdrawal for several months, but I never received a response.” – Unverified user testimonial, reflecting widespread issues reported by dissatisfied clients.
Infinity Brokers presents an attractive commission structure that may appeal to seasoned traders. Low trading commissions are a standard feature among many brokers.
Despite the attraction of low commissions, users have reported various hidden costs, particularly high withdrawal fees. Users expressed frustration about being charged €30 for withdrawal—the lack of transparency around this fee structure constitutes a downside that potential investors should consider seriously.
Infinity Brokers claims to provide access to a range of platforms including MT4, MT5, and cTrader. Each of these platforms offers a comprehensive suite of tools and functionalities inherent in professional trading.
While the broker touts multiple platforms, feedback indicates that functionality is marred by usability issues, particularly for novice traders. The focus on encouraging traders to use deposits in Tether (USDT) to access tools is perceived as an additional concern.
"They are terrible, dishonest people who have stolen my money." – Direct user feedback demonstrating severe dissatisfaction with platform reliability and service.
User experiences with Infinity Brokers repeatedly point to difficulties in interactions with customer service. Numerous reports indicate issues such as unresponsive support, particularly during critical trading times. This lack of support diminishes the overall user experience.
The interface, while designed for experienced traders, has received criticism for its complexity and the absence of educational resources that might aid new traders in navigating the platform effectively.
Customer service reviews suggest significant issues, with users unable to get timely help or satisfactory responses. Issues around unprocessed withdrawals have been particularly emphasized, indicating severe repercussions for customer confidence.
With numerous reports of slow and ineffective customer service, the broker has garnered a negative reputation. Effective communication and efficient problem resolution are crucial for traders, especially those operating with large investments.
Infinity Brokers mandates a hefty minimum deposit of €5,000, considerably higher than the industry standard. This requirement limits participation from smaller traders and significantly increases financial risk.
The withdrawal conditions remain vague and unspecified, raising alarms regarding potential fund access for traders after making deposits. Users indicated finality in their frustrations, often feeling locked out of their accounts after substantial initial investments.
In conclusion, while Infinity Brokers offers high leverage and a variety of trading options appealing to experienced traders, the lack of regulatory oversight and numerous negative user experiences highlight significant risks. Potential investors should tread carefully, and new traders, in particular, should steer clear of this platform, prioritizing their financial safety above high-return promises.
FX Broker Capital Trading Markets Review