InfyFX Review – infyfx.com Scam or Legit?

In this review we explain why we’re recommending the following trading and investing platform rather than a scam like InfyFX brokerage.

About InfyFX

InfyFX is an online Forex trading broker that claims to provide the best trading environment, widest product range, tight spreads, fastest executions, leverage options, in-depth analysis and unmatched support to our clients. It also claims to offer one of the safest and the best online Forex trading platforms to our clients and partners.

InfyFX wants traders to know that they use latest technologies along an in-depth knowledge of forex trading to serve clients with the accordance of their needs.

InfyFX Review

There are 5 account types, Standard, Premier, Elite, Professional with various minimum deposit and spreads respectively. While trade size is 0.01 to 100 accross all accounts, leverage is flexible starting from 1:400 on the standard account.

The minimum deposit required to start the standard account is $100 and spreads starts from 2.6pips. The minimum deposit to open a Premier, elite or professional account is $1000, $5000 and $10000 while spreads start from 1.6pips, 1.2pips and 0.4pip both respectively.

All their account types are commission free with swap. Hedging is allowed with 100% margin call and 80% stop out.

InfyFX Account Type

 

Broker Breakdown

  • Broker Type: Forex and CFD
  • Regulation: Nill
  • Location: SVG
  • Leverage: Up to 1:400
  • Platform: Metatrader 5 (MT5)
  • Spreads: From 0.4 

Is InfyFX Legit?

The one question that you might ask before committing funds to this company is whether InfyFX is regulated.

According to their website, the company holds an an address in the United Kingdom, meaning that they are supposed to be registered with the Financial Conduct Authority (FCA), the UK Financial watchdog.

However, when I look at the FCA website, I fail to find the name InfyFX in their register.

InfxFX Scam

In other words, InfyFX is an unauthorised company offering investment services and expecting investors to trust them.

In terms of regulations, we wish to reiterate that Forex brokers in the UK are regulated by the FCA.

The qualifications are strict, and a scam broker like InfyFX will never meet the standards that these financial regulators demand.

It’s all for the good of investors who struggle to make money and would like to safeguard their capital when they decide to invest it.

Should one trade with InfyFX?

The truth is that InfyFX is an offshore broker, an illegal investment scheme. It offers financial services to people but the safety of funds cannot be guaranteed.

InfyFX is operating from the domain infyfx.com, which does not appear to have existed for a long period of time. This is basically a brand new company trying to look as if it is established and willing to cater for the typical investors’ needs.

The only thing that InfyFX offers is an MT5 trading platform with wide range of trading instruments including 62 currency pairs, CFDs, crypto and precious metals.

Other features that the broker claims to offer are not as useful.

InfyFX Features

Even though they offer trading analysis, market updates and education, this is all in vain because a new investor will not benefit anything out of these features.

If you are an experienced trader, signing up and depositing funds with InfyFX will make you losses rather than the profits you’re looking for.

Conclusion

InfyFX is neither reliable nor established in the Forex brokerage marketplace. As a matter of fact, they are breaking huge regulatory laws.

We just need to get this message home. Do not sign up or waste your time on this website.

There are better financial services providers out there that will allow you to earn decent returns for the long term.

InfyFX Review Summary

$100
2

Asset

4.0/10

Transparency

1.0/10

Platform

3.0/10

Registration/License

1.0/10

Minimum deposit

1.0/10

Pros

  • MT5 website
  • Acceptable minimum deposit
  • Multiple account options

Cons

  • Offshore broker
  • Unlicensed
  • Breaking laws
  • Poor transparency
  • Not safe

Leave a Comment

Your email address will not be published.