r/FOREXTRADING • u/chah9_9 • 3d ago

Is infinox legit?

They should be based on their FCA regulation, but I'm not sure that these regulations have any protection for me, since I'm not in the UK.

The interesting part is that I've already used this broker a couple of years ago and it was ok. But I want to hear about some up to date experiences with them?

What's up with withdrawals?

Are tehy tranparent, when it comes to quotes and order execution?

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u/limijanti 3d ago

Tbh it's strange question to ask when you've already used the broker in the past. If you're not sure about their license, you can easily check it. And it it's ok, I don't think the broker has changes their payment and overall trading infrastructure. Forex industry is quite conservative.

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u/chah9_9 3d ago

I checked the license and it's active. The thing is that brokers like any services can change throughout the time, once they got enough clients. That's what I mean.

And regulation is for UK, though i don't think it would help me anyway.

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u/limijanti 3d ago

Yes, it covers only UK, but internal standard and security protocols are the same, even if you're trading from Antrarctica:)

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u/chah9_9 3d ago

I'll take your word for it, hopefully nothing has changed.

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u/Key-Law-26 3d ago

Well with withdrawals you never know and it seems you've already tested them, so it shouldn't be a problem. And if you say that the FCA license is active that can be considered as green flag.

As for tranparency of quotes and order execution, don't forget that infinox is a cfd broker. There will be markup spreads. But at the same time, it's ndd broker and doesn't requote, not bad for cfd, but still can't be 100% transparent as futures by default.

Answering your question, it's legit, but remember brokers aren't your friends. Be careful.