INFINOX review
INFINOX (also styled IFX) is a CFD broker founded in 2009, offering forex, indices, commodities, share, bond and futures CFDs on MT4 and MT5, plus its own IX Social copy-trading platform. Like many CFD brokers, it operates through several separately licensed entities rather than one group-wide licence: INFINOX Capital Ltd is FCA-authorised in the UK (leverage capped at 1:30 for retail clients), while the group's Mauritius entity (FSC-licensed) and Bahamas entity (SCB-registered) serve most international clients under lighter oversight and leverage up to 1:1000. In January 2025 the FCA fined INFINOX Capital £99,200 for failing to submit over 46,000 required transaction reports, a lapse the regulator, not the firm, discovered.
INFINOX key facts
- Website: www.infinox.com
- Category: CFD broker
- Founded: 2009
- Headquarters: London, United Kingdom
- UK regulation: FCA-authorised, INFINOX Capital Ltd, FRN 501057
- Offshore regulation: FSC Mauritius (licence GB20025832) and SCB Bahamas (SIA F-188) entities serve international clients under lighter oversight
- Platforms: MetaTrader 4, MetaTrader 5, IX Social
- Markets offered: 900+ instruments across forex, indices, commodities, shares, bonds and futures CFDs
- Fee model: STP (spread-only) or ECN (raw spread plus commission) accounts
- FYI Score: 89.9/100 (ranked #24 of the 136 CFD brokers we track)
Regulation & licences
- UK: INFINOX Capital Ltd is authorised and regulated by the FCA (firm reference 501057, active since 2009); UK retail clients get negative balance protection and FSCS coverage up to £85,000, with retail leverage capped at 1:30.
- International: the group's Mauritius entity, INFINOX Limited, holds an Investment Dealer licence from the FSC (GB20025832), and its Bahamas entity is registered with the SCB (SIA F-188) — both offer leverage up to 1:1000 with materially lighter retail-conduct oversight than the FCA arm.
- A separate FSCA-registered entity (INFINOX Capital Ltd SA) serves South African clients.
- In January 2025 the FCA fined INFINOX Capital £99,200 for failing to submit 46,053 required transaction reports between October 2022 and March 2023, breaching UK MiFIR rules; the FCA — not INFINOX — identified the shortfall, and the fine carried a 30% early-settlement discount from an unadjusted £141,800.
Spreads & fees
- STP accounts are spread-based with no separate commission; EUR/USD spreads run close to 1 pip on average.
- ECN accounts offer raw spreads from near zero plus a per-lot, per-side commission.
- A swap-free (Islamic) account option removes overnight swap charges.
- Exact spread and commission figures are not centrally published for every account/entity combination, so terms should be confirmed against the specific entity a client is onboarded to.
Platforms & tools
- MetaTrader 4 and MetaTrader 5, both with web and mobile access.
- IX Social, INFINOX's in-house copy-trading platform for following other traders.
- PAMM support for fund/money-manager style allocation.
Markets & instruments
- 900+ instruments in total.
- Forex: 45+ currency pairs (majors, minors and exotics).
- Indices, commodities (metals and energies including crude oil), and share, bond and futures CFDs.
- Not available to residents of the US, Canada or India.
Account types
- STP account: spread-based pricing, no commission.
- ECN account: raw spreads plus per-lot commission.
- Swap-free (Islamic) account option on either base type.
- Individual, joint and corporate account structures, plus a demo account.
Markets
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Platforms
MetaTrader 4, MetaTrader 5, IX Social
Who INFINOX is for
Suits traders who understand which INFINOX entity they are actually being onboarded to. UK clients get FCA-level protections with capped leverage; clients placed with the Mauritius or Bahamas entities get much higher leverage with a correspondingly thinner regulatory backstop.
Pros
- Operates an FCA-regulated UK entity (INFINOX Capital Ltd, FRN 501057) with FSCS coverage, alongside a long operating history since 2009
- Broad instrument range (900+) spanning forex, indices, commodities, shares, bonds and futures CFDs
- MT4 and MT5 support plus an in-house IX Social copy-trading platform
- Both STP and ECN account types, giving a choice between spread-only and commission-based pricing
Cons
- Most non-UK, non-SA retail clients are booked through the Mauritius (FSC) or Bahamas (SCB) entities, which allow leverage up to 1:1000 versus the FCA entity's 1:30 cap and carry materially lighter regulatory oversight
- The FCA fined INFINOX Capital £99,200 in January 2025 for transaction-reporting failures that the regulator itself had to catch
- Spread and commission figures are not fully transparent or centralized across account types and entities
- Not available to residents of the US, Canada or India
INFINOX FAQ
Is INFINOX regulated?
Yes, but not uniformly. INFINOX Capital Ltd is FCA-authorised in the UK (firm reference 501057), with negative balance protection, FSCS coverage and leverage capped at 1:30 for retail clients. Most clients outside the UK and South Africa are instead onboarded to the group's Mauritius entity (FSC-licensed, GB20025832) or Bahamas entity (SCB-registered, SIA F-188), both of which allow leverage up to 1:1000 under materially lighter retail-conduct oversight.
Has INFINOX had any regulatory issues?
Yes. In January 2025 the FCA fined INFINOX Capital £99,200 after the firm failed to submit 46,053 required transaction reports for single-stock CFD trades between October 2022 and March 2023, in breach of UK MiFIR rules. The FCA identified the gap itself rather than INFINOX self-reporting it; the firm received a 30% discount for early settlement.
What can you trade with INFINOX?
Over 900 instruments via CFDs, including 45+ forex pairs, indices, commodities, and share, bond and futures CFDs, traded through MetaTrader 4, MetaTrader 5 or the in-house IX Social copy-trading platform.
What's the difference between INFINOX's STP and ECN accounts?
STP accounts build the cost into the spread with no separate commission. ECN accounts offer raw spreads from near zero plus a per-lot, per-side commission. Both are available with a swap-free (Islamic) option.
Compare INFINOX with other CFD brokers
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