Infinox Fees and Spreads

 

A Infinox fees and spreads Review

 

Infinox Fees and Spreads

 

Infinox  fees spreads and commissions start from per USD 100k traded with spreads starting from 0.4 pips.

Infinox has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.4 pips along with commissions charged from $7.5 per standard lot using the Infinox ECN Account.

Infinox trading fees are according to the type of account that the trader chooses, and this will determine the spread list, leverage, minimum deposit required, and commissions.

 

Infinox provides traders with a choice between the following accounts:

  • IXO Account
  • MT4 STP Account
  • MT4 ECN Account, and
  • CQG Account (only for professional traders who meet the necessary criteria)

 

The maximum leverage that retail traders qualify for is 1:30 for major Forex pairs, 1:20 for minor pairs, major indices, and gold, 1:10 for commodities, and 1:2 for cryptocurrencies.

The minimum deposit that Infinox requires to open an account is £100 which is average when compared to other brokers who offer similar trading conditions.

 

Other Fees

 

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.

The Infinox website does not mention whether the option of an Islamic account is offered to traders who are of Muslim faith and who operate under the Sharia Law.

Infinox does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.

 

Broker Fees

 

Infinox does not charge any deposit fees or withdrawal fees.

It is uncertain whether Infinox waives any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management.

For information on additional fees that have not been mentioned in this article, traders will have to verify such information with Infinox before opening a live trade account with the broker.

 

Pros and Cons

 

PROS CONS
1.      Tight and competitive spreads 1.      None noted
2.      Low minimum initial deposit amount 2.      There is a lack of substantial information pertaining to fees
3.      Deposit and withdrawal fees are not charged  
4.      Fixed commissions on trades  
5.      Average commissions when compared to other brokers  

 

FAQ

 

How many instruments can I trade with Infinox?

You can trade the following:

  • Forex
  • Indices
  • Commodities
  • Equities CFD
  • Futures

 

Which platforms are supported by Infinox?

Infinox provides the following popular trading platforms:

  • MetaTrader 4
  • IXO
  • CQG Desktop

 

Does Infinox offer leverage?

Yes.

The maximum leverage that retail traders qualify for is 1:30 for major Forex pairs, 1:20 for minor pairs, major indices, and gold, 1:10 for commodities, and 1:2 for cryptocurrencies.

 

What spreads can I expect with Infinox?

Tight spreads from 0.4 pips when using the Infinox ECN Account.

 

Does Infinox charge commission?

Yes.

Commissions are  at $7.5 per standard lot using the Infinox ECN Account.

 

Is Infinox regulated?

Yes, Infinox is regulated by the highly reputed FCA in the UK.

 

Is Infinox a recommended forex trading broker for experts and beginners?

Yes, Infinox is suitable for both beginner and expert traders.

 

What is the overall rating out of 10 for Infinox?

7/10

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