|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Spreads|
|STP||£100||0.01||1:300||from 1.2 pips on EUR/USD|
|ECN||£1,000||0.01||1:300||from 0.4 pips on EUR/USD + commission £5.50/$7.50 per standard lot|
Infinox Capital Ltd. offers two account types – STP and ECN. Both are for the still very popular MetaTrader 4 platform. The STP account requires a minimum deposit of £100 or currency equivalent deposit, spreads from 1.2 pips and a minimum lot of 0.01. There is no commission.
The ECN account offers spreads from 0.4 pips and a minimum trade size of 0.1 lots. The minimum deposit is bigger than that of GO Trader - £1000. There is also a commission of £5.50/€6.50/$7.50 (Per 100k).
The broker allows all trading styles, including news trading, scalping, hedging and automated (EA) trading.
Infinox Capital Ltd. is the new name of the Go Markets UK Trading Limited forex broker. It was established in 2009. Between then and 2014 it was using the brand name VantageFX, under an agreement with the Australian broker VantageFX, which had its own license from UK's Financial Conduct Authority (FCA). In 2014 it was rebranded to GO Markets UK.
The broker is based in London and regulated by the FCA. It also has offices in Melbourne and Shanghai. The company offers trading in 46+ currency pairs and CFDs on silver, oil and global indices, as well as physical bullion.
As per the strict requirements of the FCA regarding client funds that customer money be kept in segregated accounts, Infinox Capital does so – in Barclays Bank PLC UK.
Furthermore, the broker is a member of the Financial Services Compensation Scheme (FCSC), which provides brokers and customers alike with a safety net in case of company insolvency. Under the scheme, a compensation of up to £50 000 for eligible investments is available.
Another FCA requirement is that in order to prove good financial standing, the regulated brokers must hold net tangible assets amounting to at least €730 000.
Minimum initial deposit
Infinox Capital requires a minimum initial deposit of £100 to open an account of the GO Trader account. This is an average sum. AxiTrader (an Australian-regulated broker, which also holds an FCA license), requires an initial minimum deposit of $200.
Average spreads & Commissions
Infinox Capital offers floating spreads depending of the type of account. The one on the GO Trader account start from 1.2 pips, which is pretty much standard. For one of the most popular currency pairs – EUR/USD the spread is 1.5, which is in the upper end of average. At the same time, the spread on the GO Pure ECN account start at 0.4 pips. In theory they are much lower, but in practice for this type of account the broker charges a commission of $7.50 round turn and thus the costs for trading with this account amounts to at least 1.2 pips.
If we compare Infinox Capital to Axi Trader once more, we can see that the latter offers typical spreads of 1.4 pips on EUR/USD on its commission-free accounts. The average spread of AxiTrader on its ECN trading accounts is 0.4 pips, plus a commission of $7 round turn. If you need more information, you can look up and compare real-time spreads of 15 leading brokers.
Infinox Capital offers a maximum leverage of 1:300, which is also in the average, though there are FCA-regulated forex brokers who offer higher leverage rates. AxiTrader, for example, offers leverage of up to 1:400 and FxPro – up to 1:500. In general, there are forex brokers offering even higher leverages of 1:3000 or even unlimited, like Exness. Here is a list of forex brokers offering a leverage of 1:500 or more.
Please, bear in mind that investing in over-the-counter derivatives is a risky business and the higher the leverage, the greater the risk of loss.
Infinox Capital offers trading on a customized version of MetaQuotes Software's popular trading platform MetaTrader 4 (MT4), called MT4 One. In spite the recent massive upgrade of MT4's successor – MT5 and the final introduction of hedging on it, MT4 is still preferred by the majority of brokers and experienced traders. It provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). MT4 is also suitable for novice traders, thanks to its user-firendly interface and ease of use, and they can find their way around it fairly easily. The MT4 also has a web version and applications for mobile devices running Android and iOS.
MT4 One is also equipped with Expert Advisors, market manager and extras like Sentiment Trader, Alarm Manager and Session Map.
The broker also offers the Autochartist plugin for automated technical analysis and provides a VPS in partnership with 4XSolutions. The VPS is located in the same data-center as the broker's trading servers and liquidity providers - the Equinix LD4-EFX1. The VPS service costs £14.97 per month. It can be for free, if you fund your account with at least £1,000 or trade a minimum of 10 standard FX lots round turn per month.
At the time of writing this review, Infinox Capital offers a 20% Deposit Bonus + $2 Rebate for STP accounts. In order to obtain it, you have to deposit at least GBP 500 (or the account currency equivalent) and opt-in to obtain the bonus by completing a form.
There is also a “Trading Tools Offer” for GO Markets accounts – for the Trading Central and the Autochartist tools. If you fund it with at least GBP 500 (or the account currency equivalent), you will get 1 trading tool. If you put GBP 1000 (or the account currency equivalent), you can receive both Trading Central and Autochartist.
Infinox Capital is a solid, well-regulated broker with average conditions. It offers trading in forex, CFDs and physical bullion.
|Strong regulation||No choice of trading platforms|
|MT4 available||No Islamic accounts|
|Advanced tools on MT4|
FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.
|Cyprus||CySec||MT4, MT5, Web||$5||Review Website|
|US, UK, Australia||CFTC/NFA, FCA, ASIC||MT4, Web,
|UK, Cyprus, Hong Kong||FCA, CySEC, SFC||MT4, Web,
|UK, Australia, Singapore||FCA||MT4, Web,
|UK, Cyprus||FCA, CySec||MT4, MT5||$5||Review Website|
|UK, Cyprus||FCA, CySEC||MT4, MT5,
|Cyprus||CySEC||MT4, MT5||$300||Review Website|
|Belize||IFSC||MT4, MT5||$100||Review Website|
|UK, Cyprus, Bulgaria||FCA, CySec, FSC||Web||$150||Review Website|
|Belize||IFSC||MT4, Web||$500||Review Website|
|New Zealand||FMA||MT4||$1000||Review Website|