INFINOX is the brand name of Infinox Capital Ltd., which is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 501057. As a EU-regulated company it is obliged to hold all client funds in segregated bank accounts. Moreover, clients are protected under the Financial Services Compensation Scheme up to a maximum value of GBP85,000.
Infinox offers a variety of trading platforms designed to make the financial markets accessible, no matter the client’s level of experience. ‘IXO’ is ‘the ‘flagship’ platform developed by the company. Using its simple layout IXO is appropriate for beginners and for professionals as well. The other one is the industry leading trading platform, Metatrader 4 (MT4). It has become the choice of most financial traders. There are many tools that help customers make successful trading, including analytical ones and so-called expert advisors (EAs). Autochartist is one of the most popular MT4 tools that identifies patterns and alerts customers to trading opportunities. MT4 is available as a desktop version, as a web-based version and as a mobile application that can be downloaded on the AppStore and GooglePlay. The third platform traders can use is the CQG Desktop. CQG has become a leading industry standard and Infinox customers have the opportunity to use it.
Infinox provides financial instruments for trading distributed into Currency Pairs, Indices, Commodities, Stocks and Shares and Futures. Almost 50 of the most popular currency pairs are available for trading. The typical spread of the EUR/USD pair starts at 0.3 pips and the leverages are in accordance with the ESMA directives.
There are three types of accounts – IXO, MT4 STP (Straight Through Processing) and MT4 ECN (Electronic Communication Network). Clients can open a demo account as well. The minimum deposit amount is just GBP1.
Customers can deposit funds using a debit or credit card, Skrill, Neteller, or by making a bank transfer
In the Execution Venues and Quality of Execution section it is written that Infinox always acts as the sole execution venue or the company acts as a market maker. In general, that is not so bad because market makers provide more attractive trading conditions but on the other hand they earn from client’s losses and that leads to a conflict of interest. The Best Execution Policy document informs that at the time that an order is presented for execution, the specific price requested by the client may not be available; therefore, the order will be executed close to or a number of pips away from the client’s requested price. There also is a warning that Stop Loss orders are not guaranteed and gaps in market pricing may cause the Stop Loss orders to be filled at a less advantageous price. The good thing here is that clients cannot lose more money than they have invested initially due to the built-in negative balance protection.
If you look for a trading partnership with Infinox, there are products for Introducing Brokers (IB) and affiliates as well.
We can conclude that Infinox is a well-regulated company that provides a variety of platforms for trading with competitive conditions and tight spreads. However, it acts as a market marker that some traders may not like.