InfyFX, an offshore brokerage company, has many promises for traders. The broker is located within the UK.
Forex traders can expect the following benefits from the broker:
InfyFX offers a variety of account types. Check out the table below.
Forex traders need to be aware that InfyFX does not offer the trading tools they claim. Actually, the broker is from Saint-Vincent and the Grenadines (SVG), which is well-known for not monitoring or regulating forex brokers. Don’t be fooled by a scam broker.
infyfx.com : Reasons to Avoid this Broker
Infyfx.com, a platform without a financial authority overseeing its financial services, is not regulated. This broker is not recognized by the Financial Conduct Authority (UK).
Infyfx.com also offers a demo account to traders. This demo account is not recommended as it can lead to you being lured into trading real funds with an unregulated broker.
This broker doesn’t offer a money-back guarantee, which makes trading on this platform a high-risk venture.
These are the cons forex traders should be aware of to avoid losing their money.
Withdrawal and Deposit
InfyFX doesn’t specify the charges for each withdrawal forex traders make. We believe this to be a sign that there are hidden fees for withdrawals by the broker.
InfyFX minimum deposit for each account type is $100
We can pay via Skrill or Neteller, as well as other e-wallets. This broker is not recommended for payment. It can be dangerous. Be careful!
InfyFX’s MT5 (Industry Standard Trading Platform) is a highly regarded platform for automated trading and its user-friendly interface.
Leverage can reach up to 1:400. We advise against doing this with unregulated forex brokers like this one as you could lose your money.
InfyFX Regulation and Licensing
You can easily believe that this broker is not licensed. This broker is not subject to any financial regulation, which means that your money is not at risk. Unlicensed or unregulated activities are a red flag that must be avoided.
Instead, trade with TOP-RATED BROKERS
Licensed in the UK (FCA), Dubai (DFSA), St Vincent and the Grenadines and Cyprus(Cysec), Cayman Islands