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Infinitrade Review - is it scam or safe?

Infinitrade review - Is infinitrade.com scam or good forex broker?

RATING: 1 / 0 REVIEWS Infinitrade
Infinitrade is an offshore broker. Your money is not safe.

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Infinitrade is an offshore broker offering seven account types with a leverage of up to 1:400 and a web based  trading platform. Unfortunately the broker is not regulated, so if you are considering opening a trading account with them better read this review first.

 

Account type Min. deposit Max. leverage Spreads
Bronze Account $2500 1:400 3 pips, fixed
Silver Account $2500 1:400 n/a
Gold Account $10 000 1:400 n/a
Premium Account $25 000 1:400 n/a
Platinum Account $50 000 1:400 n/a
VIP Exclusive $100 000 1:400 n/a
CEO Managed $500 000 1:400 n/a

 

Infinitrade Advantages:

 

 Comprehensive list of trading instruments

 

As we always start our reviews with any possible advantages a broker might offer its clients, here with Infinitrade one such positive point might be the long list of trading instruments  - over 40 currency pairs, lots of which exotic and minor like USDNOK, USDSGD, USDSEK, USDDKK, USDZAR, USDTRY, USDHKD, USDCZK, USDRUB and USDMXN, as well as CFDs on platinum, palladium, gold, silver, oil, natural gas, copper, coffee, 10 major indices and some stocks. And there are even CFDs on Bitcoin, Ethereum, Litecoin, Dash, Ripple and Bitcoin Cash, but if you really want to trade crypto assets, here you may also check our list of brokers, trading with bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Leverage of up to 1:400

 

Although trading with higher leverage might seem attractive, you should always remember that it comes with a much higher risk. Respectively, that was the rationale behind the recent restrictions adopted by the regulators in Europe, the U.S.. Canada and Japan to cap the maximum leverage allowed for retail clients. Still, if you are tempted to risk trading with leverage as high as 1:400 we may also suggest that you check our list of brokers regulated in Australia – basically the last major regulatory hub, where brokers are allowed to offer virtually unrestricted leverage:

 

>>Brokers regulated in Australia<<

 

Infinitrade Disadvantages:

 

No license

 

An obvious disadvantage is that Infinitrade is not regulated. The problem with all unregulated brokers in general is that for the safety of your funds you will solely have to trust the people who operate them. Unfortunately quite often their integrity is not very high. In fact to trade with a unregulated, offshore broker like Infinitrade is a recipe to get scammed. 

 

Infinitrade is owned by a company called  A&E Products Ltd, which is based on the Marshall Islands, but all payments are processed by a different company with the same name - A&E Products Ltd, which is based in Bulgaria.

 

Bear in mind that all brokers targeting European customers are required to hold a legit license by one of the official financial regulators in the European Union, such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC).

 

All licensed and regulated brokers are required to follow strict financial and ethical rules, among which to keep a certain minimum operational capital, and in some cases even to insure their clients funds. With a FCA broker for example your trading account will be insured for up to 85 000 GBP, so here you may also check our list of brokers regulated in the UK:

 

>>FCA Regulated Forex Brokers<<

 

Trading bonuses

 

Bear in mind that if you accept a trading bonus from  Infinitrade you will not be allowed to make any withdraws until you trade your bonus 40 times. Bear in mind as well that the practice of offering trading bonuses is highly controversial, and its not a surprise that trading bonuses are prohibited on virtually all regulated markets.

 

Unacceptably high minimum deposit requirement 

 

For a trading account with Infinitrade you will have to deposit at least 2500 USD and that is about 10 times the usual amount most brokers require as a minimum deposit. And besides, some big well known brokers like FBS and IG do not have a minimum deposit requirement at all.

 

Skrill not available as payment method

 

Skrill is one of the most widely used money transfer services worldwide and the absence of it as a payment method with Infinitrade is significant. That however is because of the recently adopted anti - scam policy by the company. Since last October Skrill requires all brokers using its services to prove they hold a legit license. As we already noted  Infinitrade is not a licensed broker. 

 

Otherwise Infinitrade accepts payments with VISA, MasterCard, SticPay, WebMoney, QIWI, bitcoins and wire transfer and here you may check our list of brokers, where you can pay with Skrill:

 

>>Skrill Forex brokers<<

 

MetaTrader4 not supported

 

And that is another negative point. Infinitrade does not support the MetatRader4 platform – the most popular trading platform on the market, and instead offers a web based trading solution, that lacks many standard features we are used to.

 

 

For example unlike MetaTrader4 the web based trading platform, Infinitrade offers, does not allow you to run automated trading sessions – something that you can do quite easily with the trading robots, known as Expert Advisors, that come with MT4. Also MT4 has more than 50 customizable market indicators and an excellent set of advanced charting tools, so here you may also check our list of brokers trading with MetaTrader4:

 

>>MT4 brokers<<

 

Conclusion:

 

Infinitrade is not a broker we can recommend. They are not licensed and authorized to offer financial services on regulated markets like the U.S., EU, Australia, Canada or Japan, where all financial companies are required to hold a legit license from a well known regulator such as FCA in the UK, ASIC in Australia or CySEC in Cyprus – those are the three most popular regulatory destinations in the forex industry.

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Traders` reviews for Infinitrade

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