Introduction
Infinitrade, profiting from forex and cryptocurrency trading platforms, is known to work with CFD offerings and other financial instruments. On the surface, the platform may seem generally agnostic, offering varied trading opportunities to the traders. However, quite a few indicators could keep a suspicious light on the company. From regulatory status to company background, to fund safety, and all the way to customer experiences, we gain an in-depth, dramatic view of the company and determine whether it is trustworthy or a potential scam.
Overview
Company Name: Infinitrade
Address: 10 Hadjut sider ap 18, Sofia City R.A Sofia, BULGARIA, 1309
Regulation Status: Unregulated
Warned By: Financial Conduct Authority(UK)
Warning by FCA
One of the strongest indicators that Infinitrade should be avoided is the warning issued by the UK’s Financial Conduct Authority (FCA). The FCA has publicly cautioned traders not to deal with Infinitrade, citing serious concerns about its operations and lack of authorization. Such warnings are not issued lightly and serve as a red flag for potential investors. When a respected regulator like the FCA highlights risks, it is a clear signal that the broker cannot be trusted.
Legal and Regulatory Status
When considering the most important criteria in gauging the credibility of a broker, the regulatory framework duly takes precedence. Regrettably, Infinitrade trades without any regulatory supervision. It is registered in the Marshall Islands, a place known for having lax requirements from a financial standpoint.
Company Background Investigation
Infinitrade is run by A&E Products Ltd., a company that is not transparent about its ownership and management. Legitimate brokers disclose their leadership teams and corporate information to their future clients, whereas Infinitrade chooses to remain generic.
Further, the company is reported to frequently change its address of operation as well as ownership, which is typical of fraudulent brokers trying to keep themselves off the radar. The inconsistency between the register entries and actual activities raises serious doubts as to the genuineness of the company.
Safety of Client Funds
Safety of investor funds is a serious issue at Infinitrade. The broker does not even speak of segregated client accounts or investor security schemes. An absence of negative balance protection practically means that a trader can lose more than their initial deposit.
Multiple complaints from customers support the withdrawal problem, where users cannot withdraw deposits or profits. Such patterns strongly hint at Infinitrade purposely restricting withdrawal to keep client money.
Conclusion
Considering Infinitrade has all the features of a scam, given its lack of regulation, poor transparency, funds with unsafe money practices, and farming customer complaints. A strong adverse recommendation to investors would be to avoid this broker and trade on a licensed, well-regulated platform.
FAQs
1. Is Infinitrade a regulated broker?
No, the answer is it is unregulated, and it is registered in the Marshall Islands, which is classified as a high-risk jurisdiction.
2. Has any authority warned against Infinitrade?
Yes, official warnings by the FCA of the UK have been issued against Infinitrade, advising traders not to use it.
3. Can clients withdraw money from Infinitrade?
There have been many reports by clients regarding great difficulties in withdrawing their money, with funds being frozen or denied.
4. Who owns Infinitrade?
It is operated by A&E Products Ltd., though little else is known about the management or actual owners of the firm.
How to Recover Money from Scam Brokers
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