According to the FMA in New Zealand, the entity Infintix Limited and their website infintix.com are involved in a scam.
The website claims to offer trading services in crypto, forex, shares and indices via an MT4 trading platform. The FMA also have received a report about them unreasonably withholding client funds.
Infintix is not registered to provide financial services to New Zealand residents.
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.