9 minute read
Exness vs Infinox: A Comprehensive Comparison
from Exness
by Exness_Blog
The forex trading industry is highly competitive, with numerous brokers vying for traders’ attention. Among the top contenders are Exness vs Infinox, two well-established brokers known for their robust trading platforms, competitive conditions, and regulatory oversight. Choosing the right broker is critical for both novice and experienced traders, as it directly impacts trading costs, platform usability, and overall success. This article provides an in-depth comparison of Exness vs Infinox, covering their features, fees, platforms, regulation, and more, to help you make an informed decision.
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Overview of Exness vs Infinox
Exness
Founded in 2008, Exness has grown into one of the leading forex brokers globally, serving over 800,000 active traders. Headquartered in Cyprus, Exness is renowned for its low spreads, instant withdrawals, and innovative trading tools. The broker operates under multiple regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa. Exness caters to a wide range of traders, offering various account types and a diverse selection of trading instruments.
Infinox
Established in 2009, Infinox is a UK-based broker with a strong presence in the forex and CFD trading markets. Known for its user-friendly platforms and educational resources, Infinox appeals to both beginners and seasoned traders. The broker is regulated by the FCA in the UK and the Securities Commission of the Bahamas (SCB). Infinox emphasizes flexibility, offering multiple account types and access to global markets, including forex, indices, commodities, and cryptocurrencies.
Regulation and Security
Regulation is a cornerstone of trust in the forex trading industry. Both Exness vs Infinox are regulated by reputable authorities, ensuring client funds are protected and trading practices are transparent.
Exness: Exness operates under stringent regulations from the FCA, CySEC, FSCA, and the Financial Services Authority (FSA) in Seychelles. These licenses require Exness to adhere to strict financial standards, including segregating client funds and maintaining adequate capital reserves. Exness also employs advanced encryption technologies to safeguard personal and financial data.
Infinox: Infinox is regulated by the FCA in the UK, one of the most respected regulatory bodies globally, and the SCB in the Bahamas. The FCA’s oversight ensures high levels of transparency and security, including client fund segregation and participation in the Financial Services Compensation Scheme (FSCS), which protects client funds up to £85,000 in case of broker insolvency.
Verdict: Both brokers offer robust regulatory frameworks. Exness has a slight edge due to its broader regulatory coverage across multiple jurisdictions, which may appeal to traders seeking maximum oversight. However, Infinox’s FCA regulation is a strong point for UK-based traders.
Trading Platforms
The trading platform is the backbone of any trading experience, providing the tools and interface needed to execute trades and analyze markets.
Exness:
MetaTrader 4 (MT4): A widely used platform known for its simplicity, customizable charts, and support for automated trading via Expert Advisors (EAs).
MetaTrader 5 (MT5): An advanced version of MT4, offering additional asset classes, improved charting tools, and faster execution.
Exness Trader App: A mobile app designed for on-the-go trading, allowing users to manage accounts, execute trades, and access market news.
Web Terminal: A browser-based platform for traders who prefer not to download software.
Infinox:
MetaTrader 4 (MT4): Infinox supports MT4 with enhanced features like one-click trading and advanced charting.
MetaTrader 5 (MT5): Offers similar functionality to Exness’s MT5, with support for multiple asset classes.
TradingView: A web-based platform popular for its advanced charting capabilities and social trading features.
Infinox WebTrader: A browser-based platform tailored for traders seeking a streamlined experience without software installation.
IXO Platform: Infinox’s proprietary platform, designed for intuitive trading and portfolio management.
Verdict: Exness offers a solid range of platforms, with the Exness Trader App being a standout for mobile trading. Infinox, however, provides more variety, including TradingView and its proprietary IXO platform, which may appeal to traders seeking advanced charting or a unique interface.
Account Types
Both brokers offer a variety of account types to suit different trading styles and experience levels.
Exness:
Standard Account: Ideal for beginners, with a low minimum deposit (starting at $1 in some regions) and no commissions.
Pro Account: Designed for experienced traders, offering tighter spreads and low commissions.
Zero Account: Features zero spreads on select instruments, with a commission per trade.
Raw Spread Account: Offers raw spreads starting from 0.0 pips, with a fixed commission.
Infinox:
IX Social Account: Focuses on social trading, allowing users to copy trades from experienced traders.
MT4/MT5 STP Account: A standard account with competitive spreads and no commissions.
MT4/MT5 ECN Account: Offers raw spreads and low commissions, ideal for high-volume traders.
Islamic Account: Available for all account types, with no swap fees for Sharia-compliant trading.
Verdict: Exness provides a broader range of account types, particularly for traders seeking low-cost options like the Standard and Zero accounts. Infinox’s social trading account is a unique feature for beginners or those interested in copy trading.
Fees and Spreads
Trading costs, including spreads and commissions, are critical factors when choosing a broker.
Exness:
Spreads: Exness is known for its tight spreads, starting from 0.1 pips on major currency pairs like EUR/USD for the Zero and Raw Spread accounts. Standard accounts have slightly higher spreads but no commissions.
Commissions: Zero and Raw Spread accounts charge commissions (e.g., $3.5 per lot per side for Raw Spread accounts).
Swap Fees: Exness offers swap-free accounts for Islamic traders and certain regions.
Non-Trading Fees: No deposit or withdrawal fees, with instant withdrawals for most payment methods.
Infinox:
Spreads: Infinox offers variable spreads, starting from 0.2 pips on ECN accounts and around 0.9 pips on STP accounts. Spreads on the IX Social account may be higher due to the social trading feature.
Commissions: ECN accounts incur commissions (e.g., $7 per lot round turn), while STP accounts are commission-free.
Swap Fees: Swap-free Islamic accounts are available.
Non-Trading Fees: Infinox does not charge deposit fees, but withdrawal fees may apply depending on the payment method.
Verdict: Exness generally offers lower spreads and more transparent pricing, especially for its Zero and Raw Spread accounts. Infinox’s ECN accounts are competitive, but its STP accounts may have higher spreads compared to Exness’s Standard accounts.
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Trading Instruments
A diverse range of trading instruments allows traders to explore multiple markets and diversify their portfolios.
Exness:
Forex: Over 100 currency pairs, including majors, minors, and exotics.
Metals: Gold, silver, platinum, and palladium.
Energies: Oil and natural gas.
Indices: Major global indices like S&P 500, FTSE 100, and Nikkei 225.
Stocks: CFDs on popular stocks like Apple, Tesla, and Amazon.
Cryptocurrencies: Bitcoin, Ethereum, and other major cryptocurrencies.
Commodities: Cocoa, coffee, and cotton.
Infinox:
Forex: 49 currency pairs, including majors and minors.
Metals: Gold and silver.
Indices: CFDs on global indices like DAX, NASDAQ, and Dow Jones.
Commodities: Oil, natural gas, and agricultural products.
Cryptocurrencies: Bitcoin, Ethereum, Ripple, and more.
Futures: CFDs on futures contracts.
Verdict: Exness offers a more extensive range of trading instruments, particularly in forex pairs and commodities. Infinox provides a solid selection but falls short in the number of forex pairs and commodity options.
Leverage
Leverage allows traders to control larger positions with smaller capital, but it also increases risk.
Exness: Offers flexible leverage up to 1:2000 (or unlimited in some regions), depending on the account type and regulatory jurisdiction. For FCA and CySEC-regulated accounts, leverage is capped at 1:30 for retail clients.
Infinox: Provides leverage up to 1:30 for FCA-regulated accounts and up to 1:1000 for SCB-regulated accounts, depending on the instrument and account type.
Verdict: Exness offers significantly higher leverage, which may appeal to experienced traders comfortable with higher risk. Infinox’s leverage is more conservative, aligning with stricter FCA regulations.
Deposits and Withdrawals
Efficient and cost-effective funding options are essential for a seamless trading experience.
Exness:
Methods: Bank cards, wire transfers, e-wallets (Skrill, Neteller, Perfect Money), and cryptocurrencies.
Minimum Deposit: As low as $1 for Standard accounts (varies by region).
Processing Time: Instant deposits and withdrawals for most methods.
Fees: No deposit or withdrawal fees.
Infinox:
Methods: Bank cards, wire transfers, and e-wallets (Skrill, Neteller).
Minimum Deposit: $1 for most accounts, making it accessible for beginners.
Processing Time: Deposits are instant; withdrawals may take 1-3 business days.
Fees: No deposit fees; withdrawal fees may apply for certain methods.
Verdict: Exness excels with its instant withdrawals and broader range of payment methods, including cryptocurrencies. Infinox’s withdrawal processing times are slower, and potential fees may deter some traders.
Customer Support
Reliable customer support is crucial for addressing trading issues promptly.
Exness: Offers 24/7 support in 13 languages via live chat, email, and phone. English and Chinese support are available 24/7, while other languages are supported 24/5. Exness also provides extensive educational resources, including webinars, tutorials, and market analysis.
Infinox: Provides 24/7 support through live chat, email, and phone, with a reputation for responsive and friendly service. Infinox offers educational content, including online courses, market analysis, and one-on-one mentorship.
Verdict: Both brokers offer excellent customer support and educational resources. Exness has a slight advantage due to its broader language coverage, while Infinox’s mentorship program is a unique offering for personalized guidance.
Pros and Cons
Exness
Pros:
Ultra-low spreads and transparent pricing.
Instant withdrawals with no fees.
High leverage up to 1:2000.
Extensive range of trading instruments.
Regulated by multiple authorities.
Cons:
Limited proprietary platform options.
High leverage may be risky for inexperienced traders.
Infinox
Pros:
Diverse platform options, including TradingView and IXO.
Social trading feature for beginners.
FCA regulation for high security.
Competitive minimum deposit of $1.
Cons:
Higher spreads on some account types.
Slower withdrawal processing times.
Fewer trading instruments compared to Exness.
Which Broker Should You Choose?
The choice between Exness vs Infinox depends on your trading goals, experience level, and preferences:
Choose Exness if: You prioritize low spreads, instant withdrawals, and a wide range of trading instruments. Exness is ideal for experienced traders seeking high leverage and those who value regulatory diversity.
Choose Infinox if: You prefer a broker with diverse platforms like TradingView or a social trading feature for copying trades. Infinox is suitable for beginners and traders who value FCA regulation and educational support.
Conclusion
Exness vs Infinox are both reputable forex brokers with unique strengths. Exness stands out for its low-cost trading, instant withdrawals, and extensive instrument offerings, making it a top choice for cost-conscious and high-volume traders. Infinox, on the other hand, excels in platform variety and social trading, appealing to beginners and those seeking a user-friendly experience. By carefully assessing your trading needs—whether it’s low spreads, platform features, or regulatory security—you can select the broker that best aligns with your goals.
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