Infin Markets Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Infin Markets Review.
Infin Markets Review
Infin Markets offers its clients 2 account types with the same fixed spreads on two platforms. Micro lots are available for trade solely on Beginner accounts, for which there is no minimum initial deposit required.
In addition, this brokerage provides Islamic SWAP-free accounts that have no SWAP and correspond to the Sharia law.
The Company. Security of Funds
Founded in 2011, Cyprus-based Infin Markets offers trading services in forex, and various CFDs on two cutting-edge terminals: Meta Trader 4 and NetTradeX.
It is part of the IFCM Group group of companies, that are involved in development and implementation of new effective projects in the field of financial technologies for more than 10 years. It also includes BVI-registered IFCMARKETS. CORP., operating the IFC Markets brand, and software development company NetTradeX Corp.
The Infin Markets is a brand operated by Infin Markets Limited., which is authorised and regulated by the by the Cyprus Securities and Exchange Commission (CySEC).
The Cypriot financial watchdog applies certain rules and requirements to license holders and makes sure they are being observed. For instance, customer funds must be held in segregated accounts.
Also, the Commission requires forex brokers to hold at least €730,000 net tangible assets as a proof of good financial standing.
As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund. This is the fund of last resort for customers of regulated firms. If the company becomes insolvent or ceases trading, the Fund is able to pay compensation to its covered clients, amounting to a maximum of 20,000 EUR.
As Cyprus is a Member State of the EU, Infin Markets and other CySEC-licensed companies are also entitled to provide cross-border services across the EU under the Markets in Financial Instruments Directive (MiFID).
Trading Conditions
Minimum Initial Deposit
There is no minimum initial amount required in order to open a Beginner account with Infin Markets, which is quite an attractive offer, since most brokers require $200 – $250 from traders to start with.
Spreads & Commissions
As most fixed-spread brokers, Infin Markets provides commission-free trading. The spread for the EUR/USD pair amounts to 1.8 pips, which a good pricing. The average fixed spread for this pair in the forex industry is 2.0 pips.
For purposes of comparison, FXTM offers variable spreads averaged 1.5 pips on EUR/and also charges no commission. In general, variable spreads tend to be lower than fixed ones. For more information, you may look up real-time spreads of 15 leading brokers here.
Leverage
The maximum leverage level offered by Infin Markets is 1:400, which is common for the FX industry, but is considered as a high ratio. Higher leverage levels involve greater risk of losses.
Nonetheless, many Cyprus-based brokers offer even higher leverage rates – for example, FXTM provides leverage up to 1:1000. You may also check out a list of brokers, providing leverage equal to or exceeding 1:500 here.
Trading Platforms
As we have already mentioned, Infin Markets supports two trading platforms: the industry’standard MetaTrader 4 (MT4), as well as NetTradeX.
NetTradeX is a trading terminal developed by software company NetTradeX Corp. It is also used by another Cypriot brokerage, IFC Markets. It is available for desktop devices with Windows operating system, as well as for mobile devices with iOS, Android, and Windows Mobile operating systems.
NetTradeX has the following key features:
– – User-friendly interface with workspace management capabilities;
– – A set of orders, including a server-side Trailing Stop;
– – A wide range of technical indicators;
– – One-click trading option
– – Expert Advisors & Custom Indicators, which are in NTL+ language. NTL+C-like, so users who are familiar with the programming languages C, C++, MQL4, Java, JavaScript will be able to create their own robots and indicators.
Infin Markets` NetTradeX platform. Click to enlarge.
In addition to the 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 package, many technical indicators, Expert Advisors (EAs) and extensive back-testing environment.
Methods of Payment
Infin Markets supports a limited range of payment methods: bank wire transfer, Internal transfer and Skrill.
Infin Markets is a well-regulated FX and CFD broker that offers trading in a variety of instruments on 2 robust trading platforms with tight fixed spreads.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Infin Markets Review Conclusion
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