Infinox Account Types

Infinox provides two different account types, STP account & ECN account, with the selection of individual, joint & corporate. Demo account and Islamic account options are also available with a minimum deposit amount of $1 USD / R 16 ZAR, leverage up to 400:1 and spread from 0.2.

Overall Rating

• 4.5/5

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Min Deposit

USD 1

Regulators

SCB, FSC, FSCA

Trading Platform

MT4, MT5, CQG

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Infinox Review – 8 key points quick overview:

1. Infinox Overview
2. Infinox Account Types
3. Infinox Account Features
4. Infinox at a glance
5. Infinox Demo Account
6. Infinox Islamic Account
7. Infinox Pros and Cons
8. Frequently Asked Questions

Infinox Overview

Established in 2009, Infinox is a STP and ECN broker which is headquartered in the United Kingdom, with regulation and authorization through FCA, FSC, SEB, and FSCA in offering the trade-in forex, indices, commodities, and CFDs on equities and futures.

Infinox offers retail, institutional, and professional traders a comprehensive offering, with dynamic and flexible account types which cater to the varying trading needs and objectives of different traders.

Infinox allows traders to use a variety of trading styles and strategies, including hedging, scalping, automated trading, and numerous others. Provision is also made for these styles and strategies in the account types offered along with the trading platforms, and the variety and range of trading tools that are offered by the broker.

Infinox Account Types

Infinox offers traders individual retail trading accounts and the option for corporate and joint accounts on these. Traders have a choice between an STP and ECN account, each with its own set of unique trading conditions and features.

Another benefit that Infinox offers is the availability of a demo account and the option for Muslim traders to register a live trading account and convert it to that of an Islamic Account.

Infinox Account Features

Infinox does not offer a significant amount of detail pertaining to the account features on the website, however, what can be ascertained form the information offered, is indicated in the sections below.

STP Account

• Spreads start from 0.9 pips.
• Commissions-free trading.
• Access to either MetaTrader 4 or MetaTrader 5 through which trades can be executed.
• Access to leverage of up to 1:500.
• Microlot trading supported, minimum trade size of 0.01 lots.
• Access to a demo account and the option to convert the account to an Islamic Account.

ECN Account

• Spreads start from 0.2 pips.
• Commissions of $7.5, £5.00, or €00 charged on trades.
• Access to either MetaTrader 4 or MetaTrader 5 through which trades can be executed.
• Access to leverage of up to 1:500.
• Microlot trading supported, minimum trade size of 0.01 lots.
• Access to a demo account and the option to convert the account to an Islamic Account.

Infinox at a glance

Infinox Demo Account

The Infinox demo account sign-up is simple and can be completed in a matter of minutes. Once traders have completed the registration and it has been verified, they can download and install MetaTrader 4 to start using their demo account for any of the following reasons:

1. As a practice accounts for beginners, allowing them to build experience in a risk-free environment before they move over to trade on a real account.
2. To test out the broker’s offering before deciding to register a real account.
3. As a risk-free account that offers the perfect platform to test strategies before applying them to a live trading environment where capital may be at risk.

The features that traders can expect when using an Infinox demo account will depend on what the broker makes available for demo purposes in addition to the features of the trading platform.

MetaTrader 4 is one of the most popular trading platforms in the industry that offers a user-friendly interface, a range of technical indicators, charting capabilities, and more.

In addition, with MetaTrader 4, traders can seamlessly integrate their trading across a variety of devices such as desktop PCs and laptops that operate Windows, Linux, or macOS, mobile devices such as smartphones and tablets that run either Android or iOS or alternatively, traders can access the WebTrader through any web browser.

Infinox Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees, or interest, should they hold positions open for longer.

Infinox offers trading accounts that are compliant with the Sharia law to Muslim traders who require an account like this to partake in forex trading while simultaneously complying with their religion.

Infinox’s trading accounts have been approved by the Sharia Service Board (SSB) and the Sharia Certificate is available on the website. To obtain an account, traders can register for either a STP or ECN Account and then select the ‘Sharia Compliant’ option in the Client Area to have the account converted to an Islamic Account.

Traders who make use of this option must acknowledge that such accounts may be approved or declined by Infinox without prior reason or warning, especially if the account is being abused in any way.

In addition, traders must also acknowledge that, apart from having to provide proof of identity and residential address, traders may be requested to provide proof of their religion to ensure that the account is not being misused or abused.

There is no indication of whether Islamic Accounts will have additional costs charged to offset the absence of swaps/overnight fees. Brokers often charge additional fees such as wider spreads or higher commissions.

For this reason, Muslim traders who are interested in registering an account with Infinox must verify the possibility of additional fees before doing so.

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

SCB, FSC, FSCA

Trading Platform

MT4, MT5, CQG

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Infinox Pros and Cons

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Frequently Asked Questions

Is Infinox a good broker to trade with?

Yes, Infinox is a good, legit broker who is strictly regulated by the FCA in the United Kingdom.

Does Infinox offer leverage?

Yes. Infinox offers maximum leverage of up to 1:500 on both the STP and the ECN account.

What spreads can I expect with Infinox?

Infinox’s spreads start from 0.2 pips on the ECN Account.

Does Infinox charge commission?

Commissions of 7.5 USD, 5.00 EUR, or 5.00 GBP are charged on trades.

Does Infinox offer a demo account?

Yes, a demo account is offered by Infinox

For how long is the demo account valid?

The standard duration of demo accounts across the industry is 30-days.

Does Infinox offer the option of an Islamic Account?

Yes. Infinox offers traders with the option of converting either their STP or ECN Account into that of an Islamic Account. Infinox has a Sharia compliance certificate posted on the website.

Which live trading accounts does Infinox offer?

Infinox offers the following trading accounts:

• STP Account
• ECN Account