Infinity4x Review – Identifying the Flaws

Infinity4x Review

The financial markets are teeming with opportunities and anyone can take advantage of them, thanks to the option of online trading. All you have to do is find a broker online, open a trading account and get started. This does not sound too complicated, but it does eventually become that way because the sheer number of companies touting their services leads to a great deal of confusion. Many people believe going for the first option is the best way, but you have to be wary because scammers also exist in this market. This Infinity4x review can shed some light on how these scams operate.

Yes, it is easy for scammers to masquerade as trading platforms and brokers in order to exploit people and they do this routinely. If you get down to it, you can find endless number of such brokerages that pop up and disappear after scamming people out of their hard-earned money. Unless you are willing to take the risk of losing your money, you have to be proactive in checking out a broker. This means not falling for their website just because it looks good and appears to be everything you want. This is what you will find at Infinity4x because they have drafted up a rather sleek website.

When you go through it, you will notice that much like legitimate brokers, Infinity4x has also added a risk warning and appears to tick all the boxes. The truth, on the other hand, is drastically different because the brokerage is not what it advertises itself to be. You will discover the flaws when you take a closer look. What are the problems with Infinity4x? Check them out below:

It appears to be anonymous and unregulated

The first thing you should always check about a broker is their background and regulatory status because you obviously want to deal with an authentic platform. Once you begin looking at Infinity4x and its background, you will discover the problems. A quick look at their website shows that they have an address of London, United Kingdom. However, this is the only piece of information that you will find on their website.

There are no other details that you will come across, such as the name of the company that is operating the broker and Infinity4x has not provided any licensing information either. This is not something a genuine broker will ever do because they are fully transparent about their background and licensing as they want to reassure their clients.

But, the most worrying part is the fact that Infinity4x has an address in the United Kingdom, but does not appear to have a license from the FCA. This is the Financial Conduct Authority, which is the regulatory body responsible for monitoring brokerages in the United Kingdom. No broker can operate in the UK without the approval of the FCA. Since Infinity4x is not licensed by them, it could mean one of two things. Either the broker does not have an address in the UK and is lying about it, or it is illegally operating from there. No matter what it is doing, this only confirms that the brokerage is lying about its authenticity.

It has been blacklisted by the AMF

If the uncertainty about the regulation and licensing of Infinity4x was not enough to give rise to doubts about its authenticity, a warning by one of the world’s top regulatory authorities is enough confirmation. Indeed, you will discover that the French financial regulator discovered that the broker was operating without proper authorization and license. Therefore, the Autorité des marchés financiers (AMF) has blacklisted the platform and this is enough proof that you cannot and should not rely on the broker.

It has unappealing trading conditions

The trading conditions of a broker are of the utmost importance because they have a direct impact on the profits you make. Hence, no trader should ever open an account with a broker without checking their trading conditions and doing the same with Infinity4x provides further confirmation about what is wrong with the brokerage. First off, you will discover that the minimum deposit that you are required to make when signing up with Infinity4x is a whopping $1,000.

This is an excessively high amount for a minimum deposit because the standard amount is somewhere between $200 and $250. No legitimate brokerage would ask for more than the average amount. Only scammers would do so because their goal is to get as much money as possible. Another problem you will come across at Infinity4x is that they have advertised spreads of about 0.5 pips for the EUR/USD pair. But, if you check their demo account, you will find that they are offering spreads of as much as 2 pips for this pair. Such spreads are also not the norm and are considered extremely high.

It has an issue with the trading platform

When you check out the trading platform available at Infinity4x, you will be blown away by the fact that they are offering the MT5 trading platform. This is one of the leading trading solutions in the market that offers cutting-edge technology and advanced tools to traders for making good decisions. Most legitimate brokers would offer this to their clients, so what is the problem? The problem is that the MT5 that you will find on the Infinity4x website is being offered by a third party known as Microntis SL. There is no information available about it and no explanation as to why they are offering the trading platform. This is not something authentic brokers would ever do.

If you have made a deposit with Infinity4x and are now regretting it, you have the option of filing for a chargeback to get your money back, only if credit cards like Visa and MasterCard were used for it. However, if you have made crypto deposits, you will not be able to get your refund.

Ending Thoughts

Once you realize the many problems with Infinity4x, it is easy to see just why you have to be proactive when looking into a broker and not just sign up blindly.