Infinity4x Review – 5 things you should know about infinity4x.com

Infinity4x Review – 5 things you should know about infinity4x.com

Rating: 1

Beware! Infinity4x is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

We have seen many other brokers like Infinity4x. It shares the same interface and website design as hundreds of previously reviewed brokers. And out of those, very few were legit. Yet, we cannot ignore that the website has style, even though it acts as a facade for a product that is not worth your while.

One way to distinguish a legit broker from an illicit one is by its registration process. Regulated entities tend to have long and quite overwhelming processes, and even when completed there is no guarantee that the user will be approved. Whereas with Infinity4x, we registered in seconds and were led to a very familiar user area that we associated with other suspicious brokers that later turned out to be scams.

We accessed a web trader, but there was nothing special about it. We got the following tradeable assets from it: cryptocurrencies, stocks, commodities, forex currency pairs, and indexes.

At one point the EUR/USD spread was more than 6 pips, and then within a blink, it twisted to 0.1 pip. This makes us question the broker’s safety because such drastic shifts in spreads can have major outcomes for those users that trade with Infinity4x.

There was no leverage value indicated anywhere, not one that we could find.

The website of the broker is available in English.

INFINITY4X REGULATION AND SAFETY OF FUNDS

The regulatory details are as thin as they can get. It seems like their inclusion was a last-minute thought to the broker. What we have here is a contact address in the UK, and a couple of phone numbers in different countries: Canada, Spain, Australia, and Poland.

Usually, a contact address and phone number suggest that the broker is registered in these areas, or at least has outsourced certain aspects of its business to these jurisdictions. Usually. But Infinity4x is not a legit broker, and therefore includes these countries just for the sake of saying something. It is not regulated in either of these jurisdictions. If Infinity4x is in any way present there, it is operating illegally.

No other details exist, and the truth is that we don’t need any. Infinity4x is obviously unregulated and a risk to all. It is also a scam!

Just to prove how risky the broker is, consider that there are no legal docs whatsoever. There is no limit to Infinity4x’s shady operations!

If one were to find a reason for investing in unlicensed brokers it would create a seismic shift in the market industry. But until then, your money will be wasted with unlicensed entities. Their only purpose is to steal money and use it for their own benefits. Not unlike regulated brokers, whose goal is to provide a stable, safe, and fair trading environment. We say go for any UKEUUS, or Aussie-regulated brokers, although there are many other great licensors out there. Financial watchdogs are responsible for sustaining the market industry as a whole, and they are what keeps everything in place. Without them, scammers would be rampant. Put your trust in them, for we have!

INFINITY4X TRADING SOFTWARE

Another good example of the shady nature of the broker is its web trader. The terminal used here is a common one preferred by many illegal brokers of the past, and so we have nothing really good to say about it.

In fact, even when isolating this fact, this platform is still very inadequate and boring. There is no room for customization, nor are there any features that would otherwise be of any help to the traders in their game.

INFINITY4X DEPOSIT/WITHDRAW METHODS AND FEES

From the user area, we were able to get a read on the minimum deposit, which was $250. A couple of very suspicious and almost broken crypto wallets were offered as payment methods, plus a lone bank transfer.

The withdrawal area disclosed a $100 minimum withdrawal amount, and a single crypto wallet for withdrawals.

There are no further payment details on the website. If one were to first look for payment conditions before creating an account, one will be greatly disappointed. This even works against Infinity4x; we thought it aimed to attract an audience not push it away. By not including payment info, the broker is definitely not on gaining any popularity.

None of this matters in the ned, however. Infinity4x is unregulated, a risk to all, and a scam. There is no need to invest in the first place!

HOW DOES THE SCAM WORK

The way the scam works is the same way it has been since the begining. Very few changes have been made since its inception.

First, the user is attracted to one of many online ads that promise wealth and prizes, or he can be triggered via an email received from the broker.

If these sound too good to be true, then the user, out of curiosity, will scout the website of the broker and either be fooled by the offers there or will immediately understand the fraudulent nature of things.

The broker will require some sort of contact method from the user, so that the scammers can keep a tab on the user. The client will then be pushed into investing as many times as possible, but the general rule is that once an initial deposit is made the user will be more willing to invest more.

At some point – it’s inevitable – the user will feel like he wants to see some of that promised money, and will ask for a withdrawal. At this point, the broker has lied his way through a couple of investments. Once the withdrawal request hits, the broker will do everything in its way to stall it or cancel it. One way or another, the user will have a very hard time receiving his money back.

WHAT TO DO WHEN SCAMMED

VISA and MasterCard have extended their chargeback periods to 540 days, meaning that user has more than enough time to file for one. This is the safest bet for your money back.

If the money invested was made through a bank, then we urge victimized users to change their bank account pass and user name ASAP. And then they should contact the bank support team and explain their situation.

Crypto investments are the riskiest of all because they are untraceable. Only the broker can repay you if it wishes to do so.

Do not put your money with recovery agents no matter how tempting it may sound. It’s the temptation that got you in this mess in the first place! Recovery agents will promise to reimburse users for an exchange fee that will be also stolen!

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