Infinity Futures ReviewCategory: Reviews | Author: Trading Brokers | Date: January 16, 2024
Infinity Futures is an online broker that offers trading in foreign exchange, metals, energies, stock indices, and more. In this review, we’ll be going over the key aspects of Infinity Futures to see if they check out as a decent option for traders. We’ll look at their regulation status, the trading platforms and tools they provide, educational resources, account types and funding methods, as well as the asset classes and markets you can access. Our goal is to give an unbiased assessment based on the facts. There’s a lot of mediocre brokers out there so it’s important to do thorough research before committing to one. Let’s dive in and see if Infinity Futures makes the cut!
Pros & Cons
- Fast trade executions and order filling
- Competitive intraday margin rates
- Lightweight, simple trading platform
- Has a history of CFTC enforcement actions for supervision violations in 2012 resulting in monetary penalties
- Limited assets and instruments to trade
- Outdated and less functional platform Specific details on spreads, leverage, fees, etc. for each account type are unclear without contacting the broker directly
Infinity Futures is a broker that’s been around for a while, providing traders worldwide access to the global derivatives markets. They’ve got a range of account types to cater to different types of traders, from individuals to businesses and trusts. They also offer a variety of trading platforms and tools, including ATPro™, InfinityAT™ Charts, CQG, and Rithmic, as well as an economic calendar and charting tools.
When it comes to education, Infinity Futures has got you covered with video tutorials, news & events, and articles on various trading topics. They offer a range of markets to trade in, including futures, options on futures, cryptocurrency CFDs, and spot forex.
The minimum deposit to open an account is $3,000, and they offer competitive margin requirements. They also have fees for accessing market data, starting as low as $1 for level 1 data and $10 for level 2 data.
While specific deposit and withdrawal methods aren’t detailed on their site, they likely offer options like bank wire transfers, credit/debit cards, and electronic wallets, based on industry standards.
Overall, Infinity Futures seems to offer a comprehensive trading experience with a focus on futures trading. They’ve streamlined their software and data, resulting in excellent latency times, and their order filling is quick. Their infrastructure, data, software, trading costs, and especially intraday margin rates are very competitive.
Infinity Futures is a futures brokerage firm founded in 1995 and headquartered in Chicago, Illinois. It operates outside the oversight of key regulatory bodies in the futures industry, which has raised concerns for potential investors. So, if you’re considering Infinity Futures, it’s important to weigh this factor. And remember, there are plenty of regulated brokers out there if you prefer to play it safe. Please see a list of regulated brokers for some alternative options.
However, it’s important to note that Infinity Futures is overseen by the U.S. Commodity Futures Trading Commission (CFTC). In 2012, the CFTC issued an order against Infinity Futures for supervision violations, requiring the firm to pay a $300,000 civil monetary penalty, disgorge $40,000 in ill-gotten gains, and cease and desist from violating CFTC regulation 166.3. The order also required Infinity Futures to comply with certain undertakings, including hiring an outside CFTC Division of Enforcement staff members.
Despite these past issues, Infinity Futures continues to operate and offers its services to retail and institutional traders interested in trading futures contracts and options on futures. The broker provides access to a wide range of products across major futures exchanges like CME Group and ICE Futures.
Platforms & Tools
When it comes to platforms and tools, Infinity Futures has a few options up its sleeve to cater to different types of traders.
One of the primary platforms is InfinityAT™, a PC-based platform. It features single click order entry and trade management, single and multi-target brackets, single and multi-trailing stops, and advanced OCO strategies. The platform also provides a Level II Book that is ten tics deep, offering market depth. It also includes integrated advanced charting for technical analysis and simultaneous multi-market access. The platform displays profit/loss in ticks or dollars and does not require a monthly or lifetime license fee.
Another platform offered by Infinity Futures is ATpro™, a web-based platform. It includes a fully customizable DOM/trading ladder with single-click order entry, server-side OTOs & OCOs for advanced order types, and multi-target brackets and multi-level stops for advanced trade exits and risk management. The platform also features a dashboard that includes a customizable quote board, open order panel, and filled order panel. It offers real-time data charts with proprietary indicators and various chart types like Heikin Ashi, Renko, and Range Bars. Additionally, it includes a market/volume profile for additional market analysis.
Infinity Futures also offers AT Charts™, a platform compatible with PCs, Macs, iPads, cell phones, and tablets. It features customizable indicators and drawing tools for comprehensive technical analysis and allows for order entry directly on the chart. The platform syncs with the InfinityAT™ trading ladder to ensure that trades are in sync across platforms. There is a monthly fee of $12 for AT Charts™, which is waived with 10 or more round turns per 30-day period.
In addition to these platforms, Infinity Futures provides access to the EUREX exchange, allowing traders to trade Mini DAX, EuroStoxx 50, and Bund with competitive day trade margins.
Infinity Futures also offers a variety of tools across its trading platforms to assist traders in their activities
- Economic Calendar: Keep up with the market-moving events with the economic calendar tool. It’s essential for staying informed about important economic announcements that can affect market volatility.
- Calculator: A handy tool for quickly crunching numbers, the calculator can help you with trade-related calculations like margin requirements, profit and loss, and more.
- Charting Tools: Infinity Futures offers a range of charting tools that are integrated into their platforms. These tools are crucial for technical analysis, allowing traders to visualize market trends and patterns.
Each of these platforms and tools brings something different to the table, so it’s all about finding the right fit for your trading style. Whether you’re a day trader looking for speed and efficiency or an analyst digging into the charts, Infinity Futures seems to have a variety of options to explore.
Infinity Futures offers a variety of educational resources to help both novice and experienced traders navigate the complexities of futures trading. Because let’s face it, trading can be a tough game, and the more you know, the better your chances of success.
- Video Tutorials: These are a great way to learn because they’re visual, interactive, and you can go at your own pace. Infinity Futures has a bunch of these tutorials covering a range of topics. Whether you’re a newbie trying to figure out how to place a trade or a seasoned trader looking to refine your strategies, there’s likely a video tutorial for you.
- News & Events: This is where you’ll find updates on market events, economic news, and other happenings that could impact your trading. It’s a good idea to check this section regularly to stay informed about what’s going on in the markets. After all, knowledge is power, right?
- Articles: Infinity Futures offers a collection of articles on various trading topics. These articles can be a great source of information, whether you’re looking to learn about a new trading concept, understand market trends, or get tips on trading strategies. The articles are well-written and cover a wide range of topics, so there’s always something new to learn.
Infinity Futures also provides weekly online lectures as part of their educational materials. These lectures cover a range of topics relevant to futures trading and are accessible to all clients, regardless of the type of account they hold.
The broker also offers a newsletter that publishes weekly digests about the events that will take place the following week. This helps traders stay updated on market trends and upcoming educational events.
Next, lets dive into the markets you can trade with Infinity Futures. This is where you get to decide what kind of trader you want to be.
- Equity Index Futures: These include popular E-mini contracts such as the S&P 500 (ES), NASDAQ-100 (NQ), Dow Jones (YM), and Russell 2000 (RTY), as well as their micro counterparts like the Micro E-mini S&P (MES), Micro E-mini NASDAQ-100 (MNQ), Micro E-mini Dow (MYM), and Micro E-mini Russell 2000 (R2K).
- Energy Futures: Traders can access energy markets, including Crude Oil (WTI) futures (CL) and E-mini Crude Oil futures (QM).
- Metal Futures: Infinity Futures offers the ability to trade Gold (GC) and E-micro Gold futures (MGC).
- European Markets: Through the EUREX exchange, traders can trade the Mini DAX, EuroStoxx 50, and Bund with competitive day trade margins.
These markets provide traders with a variety of options to diversify their trading strategies and manage risk across different asset classes. It’s important for traders to be aware of the specific margin requirements for each product, as these can significantly affect the capital required to trade and the overall risk profile of their trading activities.
Let’s talk about the different types of accounts you can open with Infinity Futures. They’ve got a pretty wide range, so there’s likely something that fits your needs.
- Individual Accounts: First up, we have individual accounts. This is your standard trading account for one person. It’s just you, your trading platform, and the markets.
- Joint Account: Next, we have joint accounts. This is for two people who want to trade together. Maybe you and a friend want to team up, or perhaps you and your partner want to try your hand at trading. Either way, a joint account lets you do that.
- LLC, Corporate, and Partnership Accounts: Then we have LLC, corporate, and partnership accounts. These are for businesses and partnerships that want to trade. If you’re running a business and want to get into trading, one of these could be the right fit.
- Trust Account: A trust account is for those who are managing assets on behalf of others. If you’re a trustee and want to trade with the trust’s assets, this is the account for you.
- IRA Accounts: Last but not least, we have IRA accounts. These are for those who want to trade within their Individual Retirement Account. It’s a way to potentially grow your retirement savings, but remember, trading involves risk.
The initial capital requirement for standard accounts is $3,000, while for micro accounts, it’s $1,000. The maximum leverage offered is 1:200. However, Infinity Futures’ affiliation with NinjaTrader Brokerage, LLC and its comprehensive platform offerings make it a notable choice for traders. So, whether you’re trading solo, with a partner, or on behalf of a business or trust, Infinity Futures has an account for you. Just remember to consider your trading goals and risk tolerance when choosing an account.
When it comes to funding your account, Infinity Futures aims to make the process as smooth and efficient as possible. They require a minimum deposit of $3,000 to open an account, which is pretty standard in the industry. Now, let’s talk about margin requirements. These are the amounts you need to have in your account to open a position. For example, if you want to trade the E-mini S&P 500 Index Future, you’ll need to have at least $500 in your account.
For DAX-Futures, it’s $2,500. These are competitive rates, but remember, trading on margin increases both your potential profits and your potential losses. Accessing market data also comes with fees. Level 1 data starts as low as $1, and level 2 data is $10. If you’re a professional trader, these fees can range between $20 to $60. It’s a small price to pay for up-to-date market information, but it’s something to keep in mind when budgeting for your trading costs.
As for specific deposit and withdrawal methods, Infinity Futures doesn’t detail them on their site. However, based on industry standards, they likely offer options like bank wire transfers, credit/debit cards, and electronic wallets. These are common methods offered by similar platforms, but it’s always a good idea to check with the broker for the most accurate information. So, whether you’re funding your account for the first time or managing your trading costs, Infinity Futures seems to have streamlined processes in place to make your trading experience as smooth as possible.
In conclusion, Infinity Futures offers a range of features that can cater to various types of traders. From a variety of account types to a comprehensive selection of trading platforms and tools, they’ve got a lot to offer. However, it’s worth noting that while Infinity Futures offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews. Remember, the right broker for you depends on your specific trading needs and goals. So, take your time, do your research, and choose wisely.