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Founded in 2011 in Cyprus, Infin Markets offers forex and CFD trading services on two cutting edge terminals: Meta Trader 4 and NetTradeX.
Company. Fund security
The broker is part of the IFCM Group, which has been involved in the development and implementation of new effective projects in the field of financial technologies for over 10 years. The group also includes IFCMARKETS, registered in the British Virgin Islands; CORP., Which operates the IFC Markets brand and software development company NetTradeX Corp.
The Infin Markets brand is owned by Infin Markets Limited, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).
The Cyprus Financial Observer applies certain rules and requirements to the license holders and ensures that they are respected. For example, customer funds must be held in segregated accounts.
In addition, the commission requires Forex brokers to hold at least € 730,000 in net tangible assets as proof of good financial standing.
As an additional guarantee of customer funds, all companies controlled by CySEC are members of the investor compensation program. If the company becomes insolvent or stops trading, the Fund can pay compensation to customers in the amount of up to 20,000 euros per person.
As Cyprus is an EU member state, Infin Markets and other CySEC licensed companies are also eligible to provide cross-border services in the EU under MiFID.
Trading conditions
Infin Markets offers its clients 2 types of accounts with the same fixed spreads on two platforms. Micro lots are available for trading exclusively on demo accounts for beginners where no initial deposit is required.
In addition, this brokerage company provides Islamic SWAP accounts that comply with Sharia law.
To work in the company, you need to deposit a minimum of $ 1,000. While most brokers offer between $ 200 and $ 500.
Trading conditions largely depend on the platform on which the trading is conducted. So, trading from the NetTradeX terminal, clients have access to Standard, Beginner, Demo accounts, from MT4 terminal - Standard, Micro, Demo. What is important, from the first platform you can trade only in USD, from the second the following currencies are available: USD, EUR, GBP, JPY.
Telephone dealing is available from all accounts on both platforms.
Clients can take advantage of analytical materials that include an economic calendar, Forex review, technical analysis.
Spreads and commissions
Like most fixed spread brokers, Infin Markets provides interest-free trading. The spread for the EUR / USD pair is 1.8 pips, which is a good price. The average fixed spread for this pair in the Forex industry is 2.0 pips.
Leverage
The maximum leverage level offered by Infin Markets is 1: 400. This is not the highest offer in the industry, however, such an offer is considered far from small.
However, many Cypriot brokers offer even higher leverage rates, for example up to 1: 1000. You can also view the list of brokers in our rating that provide leverage up to 1: 1000.
Trading platforms
As we already mentioned, Infin Markets supports two trading platforms: the standard MetaTrader 4 (MT4) and also NetTradeX.
NetTradeX is a trading terminal developed by NetTradeX Corp. It is available for Windows desktop devices, as well as iOS, Android and Windows Mobile devices.
NetTradeX has the following main features:
interface with workspace management capabilities; a set of orders, including a trailing stop; a wide range of technical indicators; experts and custom indicators in NTL + language. Therefore, users familiar with the programming languages C, C ++, MQL4, Java, JavaScript will be able to create robots and indicators on their own.
In addition to NetTradeX, Infin Markets also uses the popular MetaTrader 4 (MT4). MT4 is preferred by most experienced traders because it is equipped with an advanced charting suite, many technical indicators, EAs and testing capabilities.
Support service
The contact information contains the phone number, e-mail addresses, which are divided into general questions, back office, customer support, dealing, partnership. In addition, multilingual support is available. The site provides email addresses for traders who speak Arabic, Spanish, Portuguese, Russian, Japanese, Vietnamese, Chinese, Turkish.
Ways of payment
Infin Markets supports a limited range of payment methods: bank transfer, internal transfer and Skrill.
Pros:
regulated broker; industry average spreads; two trading platforms: MetaTrader4, NetTradeX.
Minuses:
high minimum deposit; only fixed spreads are offered; limited payment methods.
INFINMARKETS is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
INFINMARKETS profits from traders' trades, usually in two main ways
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First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. INFINMARKETS received a score of 1 of 5 on our resource.