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.

Xtrade Information

Xtrade is an experienced online broker specializing in helping investors build diversified investment portfolios. Through Xtrade, investors can access multiple markets including CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and moreon the Xtradetrading platform. Xtrade also provides demo accounts and 4 live accounts with leverage starting from 1:400 on Forex, and this broker says it offers 24/7 customer support. However, Xtrade still has risks due to some comments about its high trading spread.

Pros and Cons

Is Xtrade Legit?

It is relatively safe for investors to conduct financial activities in regulated entities. The regulatory information of this broker is as follows:

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FSC	Xtrade International Ltd.	Common Financial Service License	IFSC/60/383/TS/15	Exceeded
	ASIC	Xtrade International Ltd	Market Making(MM)	343628	Revoked
	CYSEC	Merba Limited	Market Making(MM)	108/10	Suspicious Clone

What Can I Trade on Xtrade?

Traders can choose different investment directions because the broker provides traders with access toForex, CFDs, Indices, Commodities, Shares, ETFs, Bonds, and more.

Account Type

Xtrade offers four account types. Traders who own more deposits can choose a VIP account, while those with a small budget can open a Standard account. If you are in between, you can choose the Premium account or the Platinum account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Xtrade Fees

The spread is from 2 pips. The spread is more than 1pips, which is relatively high and the liquidity is relatively poor.

Leverage

The maximum leverage is 1:400 meaning that profits and losses are magnified as well as gains.

Trading Platform

Xtrade provides a Proprietary platform available for web, mobile, and print versions. Traders can choose the method that suits them to access and conduct trading-related activities.

Deposit and Withdrawal

The minimum amount to deposit is 250 USD. Xtrade accepts credit/debit cards, bank transfers, American Express, and more options for deposits and withdrawals.

Withdrawal requests take up to five business days to process. Third-party withdrawal payment methods (i.e. credit card company, wire transfer bank, or intermediary bank delays) In extreme cases, delays of 3 weeks

Bonus

Xtrade offers a first deposit bonus of up to $5000, a 100% bonus.