Beware! Infinity Brokers 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.
Infinity Brokers promises a unique trading experience, and in some ways can deliver it – because this website is a scam, not a legitimate broker. In this review, we’ll show you why it would be a mistake to trust your money to this website and point you towards more credible alternatives for investing in the financial markets.
Infinity Brokers Regulation and safety of funds
Guaranteed Funds | Segregated Accounts | Negative balance protection | |
Infinity Brokers | ❌ | ❌ | ❌ |
UK regulated brokers | £85 000 | Yes | Yes |
EU regulated brokers | €20 000 | Yes | Yes |
AU regulated brokers | No | Yes | Yes |
US regulted brokers | Yes | Yes | No |
The most important information about a financial services provider is its regulatory status. Licensed brokers provide detailed information about which company runs them, where it is based, which jurisdictions it is authorised in and which regulatory bodies oversee its activities. But the availability of such information does not guarantee that it is not false or misleading.
We do not see a company name or regulatory licence details on the home page of the website. According to the Terms and Conditions available on the website, this broker is operated by the company Infinity Business Brokers Limited, which is based in the United Kingdom.
To operate as a forex broker in this jurisdiction a company needs a licence from the Financial Conduct Authority. But the regulator explicitly warns that the Infinity Brokers is not authorised.
The German financial regulator BaFin is also investigating Infinity Brokers for fraud.
When registering an account, you are required to agree to documentation that is different from that available on the homepage of the website. This different set of documents specifies a different company – Prive LTD. Such contradictions are typical of online scams.
Under no circumstances should you trust your money to such websites full of false and contradictory information. Instead, you can turn to one of the many companies that really work under the supervision of respected regulatory bodies like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK.
As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.
Infinity Brokers Trading software
Analytical tools | Auto trading | Custom indicators | Mobile apps | |
Infinity Brokers platform | ❌ | ❌ | ❌ | ❌ |
MT4 | 30+ indicators | ✅ | ✅ | Android and iOS |
MT5 | 50+ indicators | ✅ | ✅ | Android and iOS |
cTrader | 40+ indicators | ✅ | ✅ | Android and iOS |
Infinity Brokers promises advanced trading platforms, including the popular MetaTrader 5 (MT5) software. But after registering an account we do not get access to any trading software.
It is advisable to contact one of the many legitimate brokers that offer MT5 or the still very popular MT4. These platforms have established themselves as leaders because they offer a wide range of features, including a wide variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.
Infinity Brokers Trading instruments
Currency | Stocks | Indices | Crypto | Commodities | |
Infinity Brokers | ✅ | ✅ | ✅ | ✅ | ✅ |
XM | Yes | Yes | Yes | No | Yes |
FBS | Yes | Yes | Yes | Yes | Yes |
FXTM | Yes | Yes | Yes | Yes | Yes |
Infinity Brokers advertises trading in all major asset classes, including cryptocurrencies.
But genuine brokers licensed in the UK are prohibited from offering crypto derivatives trading to retail clients. So this is further proof that we are dealing with a scam.
Infinity Brokers Spreads and cost of trading
Infinity Brokers | XM | FBS | FXTM | |
Spread EURUSD | 4.3 | 0.6 | 1 | 1.1 |
Spread GBPUSD | 4.3 | 1.3 | 1.2 | 1.4 |
Spread USDJPY | 4.3 | 1.3 | 1.2 | 1.4 |
In the descriptions of many accounts, a spread of more than 4 pips is advertised, which is actually an extremely disadvantageous level. In the industry, even levels of 2 pips are considered too high.
Infinity Brokers Maximum leverage
Forex | Stocks | Crypto | Gold | Indices | |
Infinity Brokers | 800:1 | 100:1 | 10:1 | 100:1 | 100:1 |
UK regulated brokers | 30:1 | 5:1 | ❌ | 10:1 | 10:1 |
EU regulated brokers | 30:1 | 5:1 | 2:1 | 10:1 | 10:1 |
AU regulated brokers | 30:1 | 5:1 | 2:1 | 10:1 | 10:1 |
US regulated brokers | 50:1 | ❌ | ❌ | ❌ | ❌ |
Infinity Brokers offers leverage up to 1:800. This again is proof that this website does not represent a regulated broker.
High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.
If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.
Infinity Brokers Deposit and withdrawal methods
Deposit time | Withdrawal time | Price | |
Crypto | 24 hours | 24 hours | Fee depends on crypto |
Infinity Brokers only allows the deposit of funds with cryptocurrencies. This is typical of financial scammers. Cryptocurrencies are their payment method of choice because on the one hand they allow the scammer a degree of anonymity, and on the other hand they do not allow the scammed to ask for a refund.
While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.
Infinity Brokers Minimum deposit
Infinity Brokers | XM | FBS | FXTM | |
Minimum deposit | $250 | $5 | $10 | $5 |
According to the information on the website, the required minimum deposit is extremely high – 5000 EUR. After registering an account, we get access to other information, according to which the minimum deposit is 250 USD. In the deposit menu itself, a minimum of 1 USDT is set. The leading brands in the industry offer beginner traders starter accounts with a very low minimum deposit. You have no good reason to take chances with shady brokers like Infinity Brokers.
Infinity Brokers Withdrawal requirements
Trading volume | Fee/Tax on withdrawal | Minimum withdrawal | |
Infinity Brokers | Not specified | Not specified | Not specified |
UK regulated brokers | No | No | No |
EU regulated brokers | No | No | No |
AU regulated brokers | No | No | No |
US regulated brokers | No | No | No |
Infinity Brokers does not specify extraordinary conditions for withdrawal. But these types of scams always surprise you with hidden fees and other tricks that prevent you from withdrawing your money back.