Infinite Rapid Trade (infiniterapidtrade.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Wayne Pennsylvania USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: infiniterapidtrade.com.
I wanted to transfer my portfolio from another broker to Infinite Rapid Trade (infiniterapidtrade.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Regular platform improvements|Multi-currency support|Demo account available
Cons: Alert system is basic
I am in a dispute with Infinite Rapid Trade (infiniterapidtrade.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Multiple order types|Portfolio tracking tools|Copy trading available|Multi-device support
Cons: Would like more payment methods