Investors Alert Infinity4x – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Online trading can be a lucrative and exciting way to invest your money and earn profits. However, it also comes with many risks and challenges, especially if you are not careful about choosing a reliable and trustworthy broker. Unfortunately, there are many scammers out there who prey on unsuspecting traders and lure them into their schemes with false promises and attractive offers. One of these scammers is Infinity4x, a platform that claims to offer online trading services for various securities and derivatives, such as forex, stocks, commodities, indices, and cryptocurrencies.
Products and Services:
Infinity4x claims to provide access to over 200 financial instruments across different markets and platforms. It also claims to offer competitive spreads, low commissions, fast execution, high leverage, and various account types and bonuses. However, these claims are not backed by any evidence or verification. Infinity4x does not disclose any information about its trading conditions, fees, or platforms on its website. It also does not provide any demo accounts or educational resources for its clients. Moreover, Infinity4x does not have any social media presence or online reputation. There are no reviews or testimonials from real traders who have used its services.
Financial institution & regulatory license:
One of the most important things to check before choosing an online broker is whether it is regulated by a reputable authority. Regulation ensures that the broker follows certain rules and standards to protect its clients’ funds and interests. It also provides a mechanism for resolving disputes and complaints in case of any issues. However, Infinity4x does not have any regulatory license or authorization from any jurisdiction. It claims to be based in the UK, but it is not registered with the Financial Conduct Authority (FCA), the main regulator for financial services in the country. It also does not comply with the European Securities and Markets Authority (ESMA) regulations, which apply to all brokers operating in the EU. This means that Infinity4x is operating illegally and without any oversight or accountability.
Trader’s Reviews and Customer Service:
Another way to assess the credibility and quality of an online broker is to read the reviews and feedback from other traders who have used its services. This can give you an insight into the broker’s performance, features, advantages, disadvantages, and customer service. However, Infinity4x does not have any trader’s reviews or ratings on any reputable website or forum. This is a clear sign that it is either a very new or a very shady broker that does not have any real clients or satisfied customers. Furthermore, Infinity4x does not provide any reliable or professional customer service. It only has an email address and a phone number as contact options, but no live chat or support agents. Many traders have reported that they never received any response or assistance from Infinity4x after sending their queries or complaints.
How do online trading scams operate:
Online trading scams are becoming more sophisticated and prevalent in the digital age. They use various tactics and strategies to deceive and manipulate traders into depositing their money and losing it all. Some of the common methods that online trading scams use are:
– Creating fake websites and platforms that look legitimate and professional
– Offering unrealistic returns and guarantees that are too good to be true
– Using aggressive marketing and sales techniques to pressure traders into signing up and depositing
– Providing false or misleading information about their products, services, fees, and conditions
– Using fake testimonials and reviews from paid actors or bots
– Hiding or changing their terms and conditions without notice
– Blocking or ignoring traders’ withdrawal requests or charging exorbitant fees
– Manipulating the prices and outcomes of the trades to make traders lose money
– Threatening or harassing traders who try to expose them or get their money back
How to Safeguard Against Fraudulent Brokers:
To avoid falling victim to online trading scams, you need to be vigilant and cautious when choosing an online broker. You should always do your own research and due diligence before trusting anyone with your money. Some of the steps that you can take to safeguard yourself against fraudulent brokers are:
– Check the broker’s regulatory status and license on the official website of the relevant authority
– Verify the broker’s address, phone number, email, and website domain on a trusted source
– Read the broker’s terms and conditions carefully and look for any hidden clauses or fees
– Compare the broker’s offers and features with other reputable brokers in the market
– Look for independent reviews and ratings from real traders on reliable websites and forums
– Test the broker’s platform and customer service with a demo account or a small deposit
– Use secure payment methods that offer protection and chargeback options
– Monitor your account activity regularly and report any suspicious or unauthorized transactions
– Withdraw your profits frequently and do not invest more than you can afford to lose
Infinity4x is a platform that claims to offer online trading services for various securities and derivatives. However, it is a scam that operates illegally and without any regulation or transparency. It does not provide any information or evidence about its products, services, fees, or platforms. It also does not have any reviews or reputations from real traders or customers. It uses various tactics and strategies to lure traders into its scheme and steal their money. Therefore, you should avoid Infinity4x at all costs and choose a reliable and trustworthy broker instead. You should also be aware of the signs and methods of online trading scams and take the necessary steps to protect yourself and your money.