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In recent times, we have had a lot of complaints about a fraudulent platform called Infinity4x, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that infinity4x.com is a scam platform. Just to clear any doubts, infinity4x.com is a SCAM.

If you have been scammed and you are looking for ways to recover your money from Infinity4x, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

We have encountered numerous brokers similar to Infinity4x. Its website and user interface are the same as those of several brokers who have been reviewed before. And very few of those were legitimate. Even though the website serves as a front for a product that isn’t worth your time, it must be denied that it has style.

A legitimate broker can be distinguished from an illegal one by the registration procedure. Regulated entities frequently have lengthy and difficult application processes, and even after they are finished, there is no assurance that the user will be accepted. As opposed to Infinity4x, where we registered in a matter of seconds and were taken to a user interface we were familiar with from previous dubious brokers that eventually turned out to be scams.

We found a web trader, but it wasn’t particularly noteworthy. It provided us with the following tradable assets: equities, commodities, forex currency pairs, indices, and cryptocurrencies.

The EUR/USD spread once exceeded 6 pip, but in the space of a blink, it shrunk to only 0.1 pip. Due to the potential consequences for users that trade with Infinity4x when spreads change so dramatically, this raises concerns about the broker’s security. We could not locate any indication of a leverage value anywhere.

The broker’s website is accessible in English.

Regulation of Infinity4x and the safety of funds

The regulatory information is as vague as it can be. It appears that the broker decided to include them at the last minute. We offer a UK contact address as well as a few international phone numbers for Canada, Spain, Australia, and Poland.

A contact address and phone number typically imply that the broker is registered in these jurisdictions or has at the very least outsourced some of its operations there. Usually. However, Infinity4x is an illegitimate broker and hence lists these nations merely to make a point. In neither of these jurisdictions is it subject to regulation. Any presence of Infinity4x there would be against the law.

Behind a stylish website that even includes the risk warning that the majority of legitimate brokers are obligated to post, Infinity4x attempts to hide its true character. However, this broker is anything but legitimate and should never be trusted, as evidenced by the fact that an EU financial regulator has already issued a warning against it. What else may be wrong with Infinity4x, then?

A London, UK address is provided by the anonymous, unlicensed broker Infinity4x, but neither the name of the business behind the operation nor any licencing details are mentioned elsewhere on the website.

We would like to remind you that the local Financial Conduct Authority is in charge of overseeing forex brokers in the UK (FCA). They are required by law to have a licence from the FCA and to adhere to a number of conditions, such as offering all customers negative balance protection and maintaining deposits separately to prevent misuse or misappropriation.

Additionally, since client funds are maintained apart from the company’s operating finances, clients won’t lose money if an FCA-licensed broker experiences financial difficulties. Not to mention that the FSCS has a compensation system in place to reimburse the clients of the bankrupt broker even if a UK broker fails.

As you can see, it is definitely worthwhile to invest with a reputable UK broker; however, Infinity4x is everything but since it is anonymous, lies about its location, and almost certainly operates as a fraud.

We consistently claim that anonymous brokers are the riskiest form since they can get away with anything and have a tendency to viciously defraud investors before vanishing with the money.

The Infinity4x AMF alert

Infinity4x is not only unregulated and anonymous but it has also been shown to be a scam. The broker was flagged as acting illegally by the French financial watchdog, the Autorité des marchés financiers (AMF), who added it to their warning list.

Brokers who wind up on financial regulators’ warning lists are notorious for operating investment frauds, especially if they are anonymous like Infinity4X.

Unpleasant trading circumstances on Infinity4X

First off, opening an account with Infinity4X requires a deposit of at least $1000, which is an absurdly high threshold. The majority of brokers charge between $100 and $250 for Standard accounts and significantly less for Micro accounts.

Second, it is untrue that Infinity4X offers an average spread of 0.5 pips on EUR/USD. When we used MetaTrader5 to test it in demo mode, we saw that this pair’s spread was high, hovering around 2 pip. Levels at and above 2 pip are seen as being detrimental to the trader in the industry. Instead, it would be wiser to consider the offerings of some exclusive brokers.

And this is where we’d want to raise another red flag: Microntis SL, a company we don’t recognise, is actually the one providing the broker’s MT5. Given all the problems with Infinity4X mentioned above, it would be best if you chose an authentic and trustworthy MT5 broker instead; there are plenty to choose from.

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The MetaTrader5 platform is a superb one overall. Numerous sophisticated charting tools and scalable technical analysis indicators are available, along with features like Expert Advisors, VPSs that keep your trading bots running even when your PC is off, and options for creating your own price movement signals or subscribing to those created by other successful traders. You can choose the MT5 desktop download, browser version, or mobile app that is most convenient for you.

There are no other specifics, and the truth is that we don’t require any. Unregulated Infinity4x is obviously dangerous for everyone. It is a fraud as well! Consider the fact that there are no legal documents at all to illustrate how dangerous the broker is. The scope of Infinity4x’s dubious activities is limitless!

The market business would undergo a profound change if someone were to uncover a justification for investing in unregistered brokers. Your money will be spent, though, on unlicensed businesses in the interim. They just care about stealing money and using it for their personal gain. Similarly regulated brokers, whose objective is to offer a consistent, secure, and fair trading environment. Although there are many more excellent licensors out there, we advise choosing any brokers that are governed by the UK, EU, US, or Australia. Financial watchdogs are in charge of maintaining the market sector as a whole and are what maintain everything. Without them, fraudsters would proliferate. Place your faith in them because we have!

THE TRADING SOFTWARE INFINITY4X

The broker’s web trader is yet another excellent illustration of its dubious nature. We have nothing particularly positive to say about the terminal being used here because it is a typical one that was favoured by many illegal brokers in the past.

In truth, this platform is still incredibly lacking and dull even when this fact is excluded. There is no possibility for personalization, and there are no elements that would benefit the traders in their game in any other way.

DEPOSIT/WITHDRAW METHODS AND FEES FOR INFINITY4X

We were able to determine the minimum deposit was $250 from the user area. In addition to a single bank transfer, a few very dubious and nearly unusable crypto wallets were presented as payment options. The withdrawal area listed a single crypto wallet for withdrawals and a $100 minimum withdrawal amount.

The website does not provide any more payment information. One would be quite let down if they attempted to create an account first and then looked for payment terms. This even works against Infinity4x because we believed that its goal was to draw in rather than repel viewers. The broker is most obviously not trying to garner any favour by omitting payment information.

But in the end, none of this matters. Unregulated, dangerous for everyone, and a fraud, Infinity4x. In the first place, investing is not necessary!

HOW DOES THE FRAUD OCCUR?

The hoax continues to operate in the same manner as it did at first. Since its beginning, very few modifications have been done.

The user is initially drawn to one of the numerous web advertisements that offer money and prizes, or he can be persuaded by an email sent to him by the broker. If these sound too good to be true, the consumer will investigate the broker’s website out of curiosity and either fall for its offers or realise right away that it is all a scam.

In order for the con artists to keep tabs on the user, the broker will ask for some kind of contact information from them. The client will then be pressured to make as many investments as possible, however, once initial payment is made, users are typically more likely to make more investments.

The user will eventually feel the need to see part of the promised money and will request a withdrawal; this is inevitable. The broker has now successfully misled his way through a few investments. The broker will use every tactic at its disposal to delay or reject the withdrawal request once it has been submitted. The user will have a very difficult time getting his money back in any case.

HOW TO RESPOND TO A SCAM

The user has more than enough time to initiate a chargeback because VISA and MasterCard have increased their chargeback periods to 540 days. The best chance to get your money back is through this.

We recommend individuals who have been victimised update their bank account password and user name as soon as possible if the money invested was made through a bank. They should next get in touch with the bank’s support staff and explain the situation.

Investments in cryptocurrencies are the riskiest since they cannot be tracked.

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To recover your money from Infinity4x, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.