Infinity Forex Funds raises several red flags that suggest it might be a scam. Here’s why:
- Unrealistic Profit Sharing: Offering up to 100% profit sharing is highly unusual and unsustainable for a legitimate prop firm.
- Lack of Regulation: There’s no mention of a regulatory body overseeing their operations. This raises concerns about the safety of your funds.
- Inconsistent User Experiences: Reviews from traders indicate arbitrary rules and difficulty in receiving payouts, suggesting the company might manipulate results.
- Guaranteed Profits: Nowhere in forex trading are profits guaranteed. This is a deceptive tactic to lure unsuspecting investors.
Company Overview
Feature | Details |
Service | Prop firm offering funded forex accounts |
Minimum Deposit | Varies depending on account size |
Leverage | Up to 1:100 |
Account Types | Algo & Standard Challenges |
Regulation | Not Disclosed |
Services or Products
Infinity Forex Funds offers two primary challenge types: Algo Evaluation and Standard Evaluation. The Algo Evaluation is designed for traders using automated trading strategies, requiring a 10% profit target in a single phase. The Standard Evaluation caters to discretionary traders, involving a two-phase challenge with profit targets of 8% and 5%.
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Trading Platform & Leverages
They don’t specify the trading platform but claim to offer raw spreads and low commissions. Leverage is capped at 1:100.
Spreads and Cost of Trading
Specific spreads and costs are not readily available. Be cautious of prop firms that don’t clearly disclose these fees.
License and Regulations
Legal Warning Against Infinity Forex Funds
A crucial red flag is the lack of any regulatory body mentioned. Depositing funds with an unregulated broker exposes you to significant risks.
Deposit and Withdrawal Methods
Infinity Forex Funds provides a range of funding options, such as credit cards, debit cards, and bank transfers. Their withdrawal methods are comparable, with processing times typically taking a few business days. However, it’s crucial to carefully review their terms and conditions to understand any potential fees related to deposits and withdrawals.
Infinity Forex Funds Pros and Cons
Pros | Cons |
Up to 100% profit sharing (unlikely to be true) | Unregulated |
All EAs allowed (for Algo challenges) | Unrealistic profit targets |
| Â | History of user disputes regarding payouts |
| Â | Limited information on trading platforms and fees |
Why Dealing With An Unlicensed Broker Is Risky
Unregulated brokers are not accountable to any financial authority. This means:
- No Guarantee of Funds Safety: Your money might not be protected in case of the company’s closure or insolvency.
- Unfair Trading Conditions: They can manipulate spreads or prices to your disadvantage.
- Limited Dispute Resolution: If you encounter problems, there might be no legal recourse to recover your funds.
Client Feedback
Several online reviews and user experiences with Infinity Forex Funds suggest inconsistent rules and difficulty in receiving payouts. This raises concerns about the legitimacy of their operations.
How Can “Reviewsadvice” Help You If You Get Scammed?
Unfortunately, recovering funds from a scam can be challenging. However, sharing your experience with review platforms like Reviewsadvice can help warn others and prevent them from falling victim.
Reviewsadvice can help you by provide professional consultation services and recovery service recommendations to help you in recovering the lost funds or you can report to us today using the form below.
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Final Thought
Infinity Forex Funds raises numerous red flags. The lack of regulation, unrealistic profit promises, and negative user experiences make it a risky proposition. It’s best to avoid this prop firm and choose a well-regulated broker with a transparent fee structure and a proven track record.
