General Information & Regulation

This Infinox says it is a forex broker registered in UK, offering trading in forex currency pairs, indices, equities, commodities, and futures. This Infinox is a clone firm which traders should stay away from.

Markets Instruments

Infinox offers five main asset classes:

• Forex – Trade 50 of the most popular currency pairs, including AUD/USD, EUR/USD, and EUR/GBP

• Indices – Trade on some of the worlds largest indices, including the FTSE100 and DAX40

• Commodities – Trade on hard and soft commodities such as gold, silver, and oil

• Equities CFDs – Buy and sell stocks in the worlds biggest companies, including Google and Facebook

• Futures – Trade on futures with real-time Direct Market Access (DMA)

Minimum Deposit

There are three account types to choose from at Infinox. For the STP/ECN accounts, the minimum deposit is just £1 (or EUR/USD/AUD) and for the futures CQG account, the minimum deposit is $5,000.

Leverage

Leverage for forex, commodities, and indices ranges from 1:10 and 1:30. Leverage is capped due to ESMA regulations, but still provides enough flexibility for traders to substantially increase their positions

Spreads & Commissions

Typical spreads on major currency pairs start at 0.3 pips for EUR/USD, 0.5 pips for GBP/USD, and 0.8 for EUR/GBP. For indices like the FTSE 100, typical spreads are 100 points and for commodities, spreads are 22 for gold and 27 for silver. Commissions are variable on equity CFDs and futures. Details of specific commission charges can be found on the brokers website, but generally, charges are 3.5 for futures and 0.10% for equity CFDs.

Trading Platform Available

Infinox is an unregulated broker, it offers the counterfeit MT4 trading platform where trading on it is full of risks.

Deposit & Withdrawal

Deposits and withdrawals can be made via debit/credit card, Skrill, Neteller, or bank transfer. Infinox does not charge for deposits, however, there may be intermediary fees.

FOREX EXCHANGE Information

FOREX EXCHANGE, incorporated in Japan in 2004. Currently regulated by the FSA, it allows traders to trade currency pairs through MT4 and supports free trading fees. But it did not provide specific information about the accounts.

Pros and Cons

Is FOREX EXCHANGE Legit?

Regulated Country/Region
Regulated Authority	FSA
Regulated Entity	FOREX EXCHANGE株式会社
License Type	Retail Forex License
License Number	関東財務局長(金商)第293号
Current Status	Regulated

What Can I Trade on FOREX EXCHANGE?

It can mainly trade 25 currencies.

Account Types

The account opening process is as follows, consisting of four steps. You may refer to:

FOREX EXCHANGE Fees

Transaction fee, stop loss fee and account maintenance fee are 0 yen. Deposits of more than 1 billion yen will be charged.

Trading Platform

FOREX EXCHANGE offers MT4 for trading on desktop, mobile and tablet.

Deposit and Withdrawal

Withdrawals must be made from the website and can only be made in Japanese yen.

The withdrawal fee is free in principle. For withdrawals of less than 10,000 yen and withdrawals of more than 5 times per month, 540 yen will be charged per withdrawal.

The money will be remitted to your registered financial institution account within 4 working days.

Deposits can be made through regular bank transfers and fast deposits, with no minimum amount limit. Payment in Japanese yen only.