Infinity4x Review
Beware Investors Infinity4x – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Who is Infinity4x:
Infinity4x is a trading platform that operates through the website www.infinity4x.com. It claims to be based in the UK and to have offices in Australia, Canada, and Cyprus. However, there is no evidence to support these claims. Infinity4x does not provide any information about its owners, directors, or license number. It also does not disclose the risks involved in trading with leverage and margin.
Regulation:
Infinity4x is not regulated by any reputable authority. It is not registered with ASIC, which is the regulator for financial services in Australia. ASIC requires all entities that offer or sell securities or derivatives in Australia to be licensed and to comply with certain rules and obligations. These include providing adequate disclosure, maintaining client funds in segregated accounts, and having dispute resolution mechanisms. Infinity4x does not meet any of these criteria and may be breaking the law by soliciting Australian investors.
Location:
Infinity4x claims to have a physical address in London, UK. However, this address is shared by several other companies and maybe a virtual office. There is no evidence that Infinity4x has any presence or operations in the UK. Moreover, Infinity4x does not have a UK phone number or email address. The only way to contact them is through a web form on their website.
Services:
Infinity4x offers various trading instruments, such as forex, CFDs, commodities, and cryptocurrencies. However, these products are very risky and complex and may not be suitable for all investors. Infinity4x does not provide any educational or analytical tools to help traders make informed decisions. It also does not offer any demo accounts or free trials to test its platform. Infinity4x charges high fees and commissions for its services and may manipulate the prices and spreads to its advantage.
Reviews:
Infinity4x has very few reviews online and most of them are negative. Many customers have complained about the poor quality of the platform, the lack of customer support, the difficulty of withdrawing funds, and the fraudulent practices of the company. Some customers have reported losing their entire deposits or being scammed by fake account managers. Infinity4x has also been accused of using fake testimonials and awards to lure unsuspecting investors.
Customer Service:
Infinity4x has a very poor customer service. It does not have a dedicated phone line or email address for customer inquiries or complaints. The only way to reach them is through a web form on their website, which may take days or weeks to get a response. Infinity4x does not have a clear refund policy or terms and conditions on its website. It also does not belong to any external dispute resolution scheme that can help customers resolve their issues.
Why Check Company Credentials:
It is very important to check the credentials of any company that offers financial services before investing with them. This can help you avoid losing your money or becoming a victim of fraud. You can check if a company is registered with ASIC by using their online database or contacting them directly. You can also check if a company has any complaints or warnings against them by using online forums or review sites.
Securing Your Investments: Shielding Against Unscrupulous Brokers
To secure your investments and shield yourself from unscrupulous brokers, you should follow these tips:
– Do your research before investing with any company. Check their website, reviews, regulations, location, and contact details.
– Only invest with licensed and regulated entities that comply with ASIC’s rules and obligations.
– Be wary of unsolicited offers or promises of high returns with low risk.
– Read the fine print and understand the terms and conditions before signing any contract or agreement.
– Keep records of all your transactions and communications with the company.
– Never share your personal or financial information with anyone you do not trust.
– Report any suspicious or fraudulent activity to ASIC or other relevant authorities.
Conclusion:
Infinity4x is an unregulated and unlicensed trading platform that may be operating illegally in Australia. It offers risky and complex products that may not be suitable for all investors. It has poor customer service, high fees, and negative reviews. It may also engage in fraudulent practices that can result in losing your money or being scammed. Therefore, we advise you to avoid Infinity4x and only invest with reputable and regulated entities that can provide you with safe and reliable services.
