Infinitymarkets.co is an online trading platform offering forex, stocks, indices, and commodities trading. It is a relatively new broker that started operating in 2018, and since its inception, it has managed to attract a considerable number of traders. In this review, we will be looking at infinite markets. co in detail to investigate if the broker is legitimate or a scam.
Overview
Infinitymarkets.co offers a user-friendly interface for its traders on its website. The broker claims to offer products that enable traders to participate in global markets. The website educates new traders through informative articles and videos regarding trading. But, with all of these facilities, one question comes to mind. “Is this platform trustworthy?”
Is infinitymarkets.co Regulated?
The first factor to consider when deciding whether Infinitymarkets.co is a scam or a legitimate broker is regulation. We found that the broker is not regulated by any credible financial regulatory authority such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). We tried to contact their customer service too to get a clarification about this issue. But they denied to talk with us regarding this issue.
Warnings from Financial Regulators
We looked at regulatory bodies’ warnings regarding infinitymarkets.co, and it seems the broker has caught the attention of financial watchdogs for all the wrong reasons. Italy’s financial regulator the Consob has blacklisted Infinity Markets for non-compliance with regulatory requirements. It is always a red flag if a financial regulator has warned or blacklisted a broker.
What Currency Pairs Do They Offer?
Infinitymarkets.co offers a range of currency pairs such as majors, minors, and exotics. On the website, traders can find up to 70 forex currency pairs.
Customer Support
Infinitymarkets.co offers support to its traders through email, phone, and chat support. Although the broker has a dedicated support team, we found that customers’ experiences vary widely. Some customers claim that the support team was responsive, while others state the opposite.
Trading Platform
Infinitymarkets.co offers traders the MetaTrader 5 platform, which is a popular trading platform with a user-friendly interface and advanced charting tools. Though they mentioned using MT5 platform, we did not find any proof of this. They did not provide any demo account or any proof of their platform. It is a clear sign of a running scam.
What Do Traders Think About infinitymarkets.co?
When we looked at infinitymarkets.co reviews from traders, we found that customers had mixed experiences. Some traders reported that they had positive experiences with infinitymarkets.co, while others claimed to have lost money. It is worth noting that most negative reviews were from traders who lost money.
What To Do If You Get Scammed?
If you suspect that infinitymarkets.co is a scam and you have fallen victim to their activities, there are steps you can take. First, you should report the broker to the financial regulatory authorities in your jurisdiction. Secondly, you should contact us immediately and submit your case to us. We will evaluate your case and will provide you with a free consultation. There we will provide you with some guidance and recovery service recommendations to help you in recovering the lost fund.
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Final Thought
Based on our investigation, infinitymarkets.co has several red flags that new traders should be aware of. The broker is not regulated by any credible financial regulator, and it has been warned or blacklisted by some financial regulatory bodies. Furthermore, the reviews from customers are mixed, with many of them complaining of losses. Therefore, traders should tread cautiously when dealing with Infinitymarkets.co.
