Infinity-Brokers: A Comprehensive Review Exposing the Scam

Investing your hard-earned money deserves caution, especially in the online trading arena. With countless brokers vying for your attention, identifying reliable platforms from deceitful scams can be daunting. Infinity-Brokers presents itself as a UK-based trading platform, but a closer look reveals a worrying picture. This review peels back the layers, exposing the red flags and highlighting why you should steer clear of this broker.

Is Infinity-Brokers Legit or Scam?

The verdict is clear: Infinity-Brokers is a scam. This conclusion rests on several key points:

• Lack of Regulation: Despite claiming UK registration, the company isn’t listed with reputable regulators like the FCA. This absence of oversight raises serious concerns about their legitimacy and the safety of your funds.
• Negative Reviews: While limited in number, the existing reviews on Trustpilot paint a negative picture, highlighting manipulative tactics and difficulties with withdrawals.
• Questionable Practices: From misleading information about software and protection to suspiciously high minimum deposits and hidden fees, Infinity-Brokers employs tactics designed to deceive and exploit traders.

Company Overview

Services or Products

Infinity-Brokers offers trading in various instruments, including:

• Currency Pairs: EUR/HUF, USD/SEK, etc.
• Commodities: Gold, platinum, etc.
• Indices: ASX200, CAC40, etc.
• Cryptocurrencies: BTC, DASH, etc.

However, the lack of regulation casts doubt on the legitimacy of these offerings and the safety of your invested funds.

If you have lost money to companies like XLTRADE, or Hankotrade; please report it to us on our Report a Scam form.

Trading Platform & Leverages

The platform boasts 90+ indicators, multi-charts, and analytical tools. However, considering the company’s unregulated status, any functionality becomes irrelevant. Additionally, the offered leverage of up to 1:800 significantly exceeds the EU-imposed limit of 1:30, further raising concerns about their risky practices.

Spreads and Cost of Trading

Spreads can be as high as 4.3 pips for basic accounts, three times higher than the industry average. Furthermore, hidden fees and commissions are likely, increasing your trading costs and limiting potential profits.

License and Regulations

The absence of regulatory oversight poses a significant risk. Without licensing from reputable authorities like the Financial Conduct Authority (FCA), there’s no guarantee of fair trading practices, investor protection, or dispute resolution mechanisms.

Legal Warning Against Infinity-Brokers

Financial regulators worldwide have issued warnings against Infinity-Brokers, highlighting their unlicensed operation and fraudulent practices. These warnings serve as a strong deterrent against trusting this broker.

Deposit and Withdrawal Methods

Deposit methods seem varied, but withdrawal procedures remain unclear. The lack of a transparent withdrawal policy and hidden fees raise concerns about difficulty accessing your funds.

Infinity-Brokers Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Choosing an unlicensed broker exposes you to several risks:

• Loss of Funds: With no regulatory oversight, your funds are not protected, and there’s no guarantee of fair execution or withdrawal possibilities.
• Manipulative Practices: Unlicensed brokers can manipulate spreads, prices, and trading conditions to exploit you financially.
• Limited Dispute Resolution: Without regulatory recourse, resolving disputes or recovering lost funds becomes incredibly difficult.

Client Feedback

As previously mentioned, the limited existing reviews paint a negative picture, highlighting deceptive tactics and withdrawal issues. It’s crucial to consider such feedback before risking your money.

How Can “Reviewsadvice” Help You If You Get Scammed?

If you’ve unfortunately fallen victim to Infinity-Brokers deceptive practices, seek help immediately. While recovering funds can be challenging, seeking legal advice and exploring available chargeback options might be possible. or You Can report to us today by the below form.