Infinity 4X Website: https://www.infinity4x.io/
Address: United Kingdom
Regulated By: None
Warned By: Commissione Nazionale per le Società e la Borsa (CONSOB)
Introduction to Infinity 4X
In this Infinity 4X review, you will get to know the scams done by this broker. It is not sure from where Infinity 4X operates but its website claims to be based in the UK, and offices in Poland, Australia, Spain, and Canada. There is no evidence about the proprietor or which country they are regulated by.
The French regulatory authority, Autorite Des Marches Financiers has issued an official warning. Even Quebec regulations have published official warnings against the Infinity4X fraud. Also CONSOB (Commissione Nazionale per le Società e la Borsa), the Italian financial regulatory authority has issued a warning against it.
Most of the complaints have come from Canada and France. It is for this very reason that these two countries were the first to warn the public and investors regarding forex scams, crypto scams, binary scams, etc.
What is wrong with Infinity4X?
The site claims to be originating from the UK. On checking the FCA (Financial Conduct Authority, UK) list there is nothing about this broker. That is it is not a legitimate and registered company. There are no compensation funds and no supervision. If you are a fraud victim, getting back money from them will be tough.
Markets accessed by Infinity4X
Infinity4X offers three markets where investors can trade. Forex (currency pairs), shares, and cryptocurrencies. There are no indices or commodities. The company trades maximum in cryptocurrency. Illicit operators like Infinity4X forex brokers can steal money from different available crypto wallets.
Trading software or trading platform
The company offers MetaTrader 5 platform for those who are ready to invest more. For others, it has a proprietary Web trader platform.
Infinity4X offers 5 account types. Bronze($1,000), Silver($10,000), Gold($25,000), Platinum($100,000), and VIP($250,000).
Accounts differ in third-party signals, withdrawal fees, education, and trading platforms. The minimum amount is for Bronze with a deposit of $1,000. This amount is almost 10 times higher than the company demands compared to a legitimate company. A huge initial amount is a red flag that it is a scammer site that is too high and not safe.
Withdrawal issues with Infinity4X.
There are numerous issues investors and traders faced with the company as the company does not allow them to withdraw their money. Infinity4X has a bonus scheme whereby the customers cannot withdraw their money unless they shell out nearly 25 times the bonus amount. And to top it the customers have to pay taxes to the company on that amount.
Are you a victim of Infinity4X?
If you are a victim of the Infinity4X scam, talk to our chargeback right now. You will get suggestions, on how you can get your money back? You can also book-a-free consultation at our site.
Do not allow scammers to go scotch free, nail them down and prevent others from getting scammed. If there is an umpteen instance of the chargeback, it will destroy the company’s relationship with payment service providers. If you have wire transferred money there is virtually no way to implement a chargeback. The only way out is to tell them you will go to higher authorities. You will also lodge a grievance against them.
It will be better if you email or post a letter to regulating authorities describing your story. Show them proof of your communication with the scammers; and how hard you tried to get your money back. You can get name, address, phone number, email ID, etc. of your country’s regulator if you search on Google. If you are confused and do not know how to initiate, reach out to Report Scam Community. We will be glad to help you.
Be sure to leave your reviews on different sites, to save other people from falling victim to this fraud. The scammers when they change their website tend to call old customers, kindly note down their new website, and inform the concerned regulatory authority.
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Read about another scam broker: Beta Fx Trade