About INFINQX
Company Overview
INFINQX Ltd is a forex and cryptocurrency broker registered in the United Kingdom, with a registration date of November 22, 2023. The company is based at Dawson House, 200a High Street North, London, E6 2JA. Despite its UK registration, the broker operates without any recognised financial regulatory licence, which is a significant consideration for potential traders.
Regulatory Status
Our records indicate that INFINQX does not hold any current regulatory authorisation from bodies such as the Financial Conduct Authority (FCA) in the UK or any other major financial regulator. This lack of oversight means that client funds are not protected under schemes like the Financial Services Compensation Scheme (FSCS) and traders have no recourse to an ombudsman in case of disputes.
Account Tiers and Minimum Deposits
The broker offers six distinct account packages tailored to different levels of trader capital. The entry-level Package 1 requires a minimum deposit of $200, while the highest tier, Package 6, demands a minimum deposit of $10,000. Intermediate packages are set at $500, $1,000, $2,000, and $5,000. Leverage details are not provided for any of the account types.
Trading Instruments and Platforms
INFINQX claims to provide a comprehensive trading platform supporting both forex and cryptocurrency markets. However, specific information on the trading platform software (e.g., MT4, MT5, or proprietary), the number of currency pairs, or crypto assets available is not disclosed on the website. The broker also does not mention any demo account options.
Target Audience
Based on the available information, INFINQX appears to target retail traders with a range of account sizes, from small investors to those with significant capital. The broker’s marketing emphasises 24/7 support and educational content, suggesting it aims to attract both novice and experienced traders. However, the lack of regulation may be a deterrent for more cautious investors.
Conclusion of Overview
In summary, INFINQX is a newly established, unregulated broker offering forex and crypto trading. While it provides a tiered account structure and claims strong customer support, the absence of regulatory oversight is a critical factor for any trader assessing the platform.
Overview compiled by FXCanary from regulatory records and public data. full INFINQX review