Infinitrade (Infinitrade.com) is a CFDs, Crypto Currency, and Forex scam outfit stealing from anyone who signs up. Infini Trade is claiming to offer users a chance to trade without any boundaries. What do they mean by this? After carefully examining this broker, we decided we had to expose who this broker is. Most members have been crying foul after depositing with this broker. Read this detailed and honest INFINITRADE review.
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After receiving numerous email complaints from members we decided to conduct an investigation. What we found out with this Crypto and Forex is shocking and all traders must be made aware. Dealing with Infinitrade is strictly prohibited and should be ignored. This broker is conducting Forex business and conning people in the process. Stay away from this broker as they have no legal bearing to handle Forex business. This review will be an eye-opener as to why this broker is a scam.
Why should anyone sign up with a broker who is lacks proper licensing details? What we uncovered with this broker is reverting and users should be made aware of. Whoever signs up with this broker should expect nothing but a rough time. Stay away from this broker and ignore all pleas to sign up. In case you receive calls from their agents, don’t pick up or offer your personal information.
For a broker who claims to have a world class trading platform, they surely know how to hide. Who are the real owners of this platform? Can they tell us who the founding members of this platform really are? With claims of being based in Marshall Islands, Infinitrade is an offshore broker.
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When it comes to ownership of this platform, a company called A&E Products Ltd is the owner. After looking at the registrar of companies, this company is not registered anywhere. This means we are dealing with a broker who is anonymous. Stay away from this broker and any other who shares the same characteristics. This is surely a scam waiting to pounce on unsuspecting online investors. Beware!
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After contacting most regulatory bodies such as CySEC, FCA, and NFA we found shocking details. These regulatory bodies have issued a warning against signing up with Infinitrade. This goes without saying; Infinitrade is not licensed or registered anywhere on the face of the planet. Make sure to stay away from this broker and don’t trust anything their agents tell you. They have managed to fool quite a number of investors, don’t be another victim. Stay away from this platform.
A broker who has proper registration details will always post copies of their licensing. Why has this broker failed to post details of their licensing? Stay away from this broker and always be on the lookout for unlicensed brokers. An unlicensed broker is bad news for any broker as they will steal funds at their own convenience. There’s no one to protect any investor who signs up with any unlicensed brokerage firm.
After going through their licensing credentials, our next stop was their trading platform. Infinitrade is using MT4 trading platform as their preferred method of trading. In order to test how well this platform works, we decided to download it. And this is where we faced another hurdle. Their platform was highly unstable as download stalled at around 35%. Unstable platforms are a bummer!
Hackers find unstable platforms to be an easy target for stealing personal files. These hackers will go for credit card information as well as your identity. This is why signing up with a broker who offers an unstable platform is highly illegal. And in other shocking news, this broker is in league with hackers to steal your data. They will call you and ask for your personal details in order to steal your funds. Make sure to stay away from this broker and warn your family and friends.
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Infinitrade is using five different account types to trap a wide array of investors. These account types include Bronze, Silver, Gold, Premium, and Platinum. What was damning about these accounts is their depository requirement. Bronze account holders are supposed to cough out $2,500 in order to start trading. This is not a fair broker as this is way too high considering the set industry standard of $250.
These accounts also have the same features and share the same advantages. Why would anyone in their right mind deposit $25,000 and get same advantage as a trader who deposits $2,500? This broker is purely out to cause malice and should be exposed by all parties. What these scammers have done is to try and trap all types of investors. They want to trap both the small and big fish. Thanks to this review, none of this will happen as investors have a clue of what to expect.
Your funds are not secure with an anonymous broker who is based offshore. How can funds be safe with a broker who lacks proper licensing? Stay away from this broker and any other who shares the same features. Another disturbing feature with this broker is how they handle funds. Why have they failed to mention their depository partners? Where do they bank money deposited by users? Could members be depositing funds to owner’s personal bank account? Highly possible!
And segregation of accounts is not done by this broker which means they are breaking industry rules. This is proof Infinitrade is pooling all funds in one single account. In case the broker faces bankruptcy or insolvency, all funds will be lost immediately. Make sure to stay away from this broker as compensation is not possible. Infinitrade fails to insure money deposited by members as required by law. Stay away from this broker and sign up with certified brokers at all times.
Thanks to the evidence produced, we can safely say Infinitrade is a Scam. Stay away from it by marking all their emails as Spam. In case these emails come with links, make sure to never click on them. This is not only a Forex fraud but an identity theft cartel. Best thing is to keep away from it and warn anyone close from signing up with them.
In order to protect our readers, we have to add this broker to our scam blacklist. After adding this site to our scam list, we hope authorities will investigate and shut their whole operation. This is the only way to ensure all investors are safe from this platform.
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Finally, we wish you all the best in your Forex trading experience.
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