Infinity4x

Infinity4x can easily be described as a typical shady and offshore broker. One need not look further than this to be educated on the scammer brokerage model. One thing though that might compel some users to trust this broker is its website which, we admit, has appeal and is well structured. But other than that, everything else is a huge mess. Please read the following review before proceeding with the broker.

Infinity4x falls into the category of brokers that seem to think that not including any regulatory information is acceptable.

The only thing we have to work with is a couple of phone numbers, pointing to a supposed registration in Canada, Spain, Austria, and Poland.

There is no proof that the broker is registered in either of these jurisdictions because if it were it would definitely have said so. This means that we can forget about Infinity4x being regulated there as well. These countries have very strict FX rules, and we see no reason to believe that Infinity4x has the ability or the will to abide by them.

Moreover, we have to remind our users of the fundamental difference between a broker being registered and being regulated. A registration is simply incorporating one's company in a nation, while a regulation entails an agency overlooking basically every little detail in the broker's operations. If Infinity4x was regulated, it would show.

All in all, Infinity4x is without a license, and is a risk to all investments!

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

We entered a user area that showed no initiative and no special features. In other words, it was bland.

From a web trader, we read that clients can trade with forex currency pairs, cryptocurrencies, indexes, and commodities. The EUR/USD spread is too liquid to be able to pin it down, while the leverage value was nowhere to be seen.

INFINITY4X LOGIN

There is absolutely nothing revolutionary at works here, nor anything even slightly innovative. This web trader is a popular one among scammer brokers and it's obvious why. First of all, there are no options to improve one's trading experience. Second, the lack of features probably makes it very easy to apply to the broker's user area since it does not take a lot of computing power to do so.

The truth is that the terminal is in no way able to cover its tracks, and its only appeal is that it looks sort of good for a while.

INFINITY4X MINIMUM DEPOSIT

The minimum deposit is said to be $250.

It seems that the only base currency is the US dollar.

The client area reveals a couple of crypto wallets used as payment methods and a wire transfer. There is no guarantee that users will be able to trace their payments, for these two payment method types are known to be very hard to trace.

There are no details on any depositing fees, or any depositing processing times.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

INFINITY4X WITHDRAWAL METHODS AND FEES

The withdrawal area in the client dashboard reveals that the minimum required amount is $100.

The only way to withdraw is by means of a single crypto wallet.

There are no withdrawal fees indicated, but that does not mean that there are none. Infinity4x is, after all, illegall, and as such can do as it pleases.

Withdrawals with Infinity4x will most probably be very hard to process, if not impossible. Scammer brokers make sure of this. They gain nothing from reimbursing the client! All investments here are risky!

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

What's important to remember is that Infinity4x is not licensed, and therefore anything that you do in it is a potential risk.