Note: For some unknown reason, we cannot open Infini Trades official site (https://www.infinitrade.io) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
Infini Trade is allegedly a financial company registered in China that claims to provide its clients with leverage up to 1:400 and floating spreads from 0.5 pips on the MT4 and web-based trading platforms, as well as a choice of five different live account types.
As for regulation, it has been verified that Infini Trade does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.22/10. Please be aware of the risk.
Market Instruments
Infini Trade advertises that it is a forex broker that mainly offer forex currency pairs trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
Infini Trade claims to offer five types of trading accounts, namely Green, Premium, Platinum, Executive and Presidential. There is also an option for a swap-free account that meets the religious requirements of Islam. The minimum initial deposit amount is extremely high-€5,000 for the Green account, while the other four account types have much higher minimum initial capital requirements of €10,000, €50,000, €100,000 and €250,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
Information on leverage is conflicting. The maximum leverage ratio of 1:200 and 1:400 are mentioned in various places on Infini Trades website. The account descriptions indicate a level for cryptocurrencies only up to 1:4. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
Infini Trade claims that the spread for different account types is different. Specifically, clients on the Green account have a spread of 2.5-3 pips; the Premium account has a spread of 2-2.5 pips; the Platinum account has a spread of 1.5-2 pips; the Executive account has a spread of 1-1.5 pips; the Presidential account has a spread of 0.5-1 pips.
Trading Platform Available
Platforms available for trading at Infini Trade are the industrys most popular trading software MetaTrader4 and a web-based platform that links to the website of the aforementioned DigitalCMedia. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The information on the minimum amount for a single deposit is also contradictory - the amounts of $5 and $250 are mentioned in different places. Infini Trade claims it doesnt charge deposit and withdrawal fees. However, it says nothing about the acceptable deposit and withdrawal methods.
Customer Support
Infini Trade‘s customer support can be reached by email: support@infinitrade.io. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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