Overview of Infinity Futures
Infinity Futures is a futures brokerage firm founded in 2011 and headquartered in Chicago, Illinois. As an unregulated broker, Infinity Futures operates outside the oversight of key regulatory bodies in the futures industry. The broker 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 including equity index futures, energy futures, agricultural futures, and more across major futures exchanges like CME Group and ICE Futures. Traders can open different account types with Infinity Futures based on their trading needs, including individual trading accounts, joint accounts, retirement accounts like IRAs, and managed accounts.
The brokerage offers its trading platform Infinity Trader for desktop and mobile devices. Key features of the platform include advanced charting, risk management tools, algorithmic trading, market depth information, and more. Clients can also use the popular trading platforms CQG and Rithmic through Infinity Futures. The broker offers competitive commission rates and aims to provide clients with efficient trade execution and clearing services.
Regulatory Information
A significant point of concern for potential investors is the broker's unregulated status. It lacks oversight from major financial regulatory bodies. This absence of regulation can pose substantial risks to traders, as unregulated brokers often lack the stringent compliance and transparency standards set by established regulatory authorities. Investors dealing with unregulated entities may face challenges in seeking recourse in case of disputes or malpractices. Thus, it's imperative for traders to exercise caution and conduct comprehensive due diligence before engaging with such brokers.
Pros and Cons
Pros:
High Leverage: Infinity Futures offers competitive day trade margins, allowing traders to maximize their potential returns.
Diverse Platform Options: With the ATPro™ trading application, traders can access the platform from various devices, including desktops, tablets, and mobile phones.
No Platform Fee: The platform does not charge any fees for using the ATPro™ trading application.
Integrated Charting: ATPro™ offers fully customizable charts, providing traders with comprehensive market insights.
Affiliation with NinjaTrader: Being a brand name of NinjaTrader Brokerage, LLC, Infinity Futures benefits from the reputation and resources of the NinjaTrader Group.
Cons:
Limited Trading Products: The platform primarily focuses on futures trading, which might not cater to traders interested in a wider range of financial instruments.
Potential High Risk: While high leverage can amplify returns, it also increases the potential for significant losses.
Learning Curve: The advanced features of the platform might require a learning curve for new traders.
Additional Costs for Some Features: While the platform itself is free, some advanced features, like certain charting tools, might come with additional costs based on trading volume.
Dependence on Web-Based Platform: While ATPro™ is versatile, some traders might prefer standalone software applications over web-based platforms.
Market Instruments
Infinity Futures provides traders access to a diverse range of derivatives products including futures, options, cryptocurrency CFDs, and spot forex. On the futures side, the broker offers contracts on major equity indices like S&P 500 and Nasdaq, commodities such as crude oil, natural gas, and metals, agricultural products including grains and softs, and major currency futures. Options contracts are available on select underlying assets such as the S&P 500 index, crude oil, and gold. For cryptocurrency exposure, Infinity Futures offers CFDs on all major digital coins including Bitcoin, Ethereum, and Litecoin. Finally, the broker provides access to an extensive list of forex currency pairs including majors, minors, and exotics. With this wide scope of derivatives, active traders can deploy different strategies across market sectors.
Account Types
Infinity Futures offers a comprehensive range of account types to cater to the diverse needs of traders. They provide options for Individual, Joint, LLC, Corporate, Partnership, Trust, and IRA accounts. The initial capitalization requirement for standard accounts is set at $3,000, while for micros, the minimum is $1,000. The platform's ATPro™ Stand Alone is particularly tailored for users of TOS, Trade Station, and other third-party charting tools. Although the specific details like spread and leverage for each account type are not directly available, the broker's affiliation with NinjaTrader Brokerage, LLC and its comprehensive platform offerings make it a notable choice for traders.
How to Open an Account？
Navigating the world of futures trading can be complex, but getting started with Infinity Futures is a straightforward process. If you're considering joining the platform, here's a simple three-step guide to help you open an account and embark on your trading journey:
Online Application: Begin by visiting the Infinity Futures website and choosing your preferred account type, such as Individual, Joint, LLC, Corporate, Partnership, Trust, or IRA. Fill out the online application form with the necessary personal and financial information.
Verification: After submitting your application, the verification phase commences. Typically, an account representative will get in touch within 24 hours to confirm your details and guide you through any additional steps.
Funding: Once your account receives approval, you'll be directed on how to fund it. The initial capitalization requirement is $3,000 for standard accounts and $1,000 for micro accounts.
Leverage
Leverage, a pivotal instrument in futures trading, empowers traders to manage sizable positions with a minimal capital investment. Infinity Futures provides diverse leverage levels contingent on the trading product, magnifying both potential gains and setbacks. For instance, Currency and Stock Index Futures offer leverage between 1:100 to 1:200, while Energy, Interest Rate, Metals, and Commodity Futures typically range from 1:50 to 1:100. Grasping the extent of leverage employed is vital for traders, given its profound influence on trade outcomes.
Spreads and Commissions
In futures trading, the spread—difference between bid and ask prices—and broker commissions are pivotal to a trader's profitability. Infinity Futures offers competitive spreads, such as 1-3 pips for Currency Futures and $0.01-$0.05 for Energy Futures, alongside variable commissions.
However, these figures can fluctuate based on the trading product and prevailing market conditions.
Trading Platform
Infinity Futures offers a trading platform known as ATPro™, designed to cater to the diverse needs of futures traders. This platform provides traders with a seamless experience, allowing them to execute trades efficiently and monitor market movements in real-time.
ATPro™ Web-Based:
Trade Anytime, Anywhere: ATPro™ is a free web-based trading application that supports trading from any device, including desktop PCs, Apple Macs, tablets, and cell phones.
Integrated Charting: Offers fully customizable charts that can be accessed from the dashboard or launched separately. ATCharts™ are available for a fee ranging from $0 to $12 per month based on trading volume, but they are free for most traders.
Advanced DOM (Depth of Market): Features a rich web-based DOM and a PC-based DOM. It includes advanced server-side OCOs (One Cancels the Other) and bracketing to automate trading strategies. The platform fee for this feature is $0.
More details on ATPro™ Web-Based
ATPro™ PC-Based (InfinityAT™ DOM):
Provides futures traders with fast and reliable access to the CME Group and EUREX markets.
More details on ATPro™ PC-Based
InfinityAT™ Charts:
Integrated with the InfinityAT™ trading platform, this feature offers a complete and professional trading platform supporting manual, automated, and simulated trading.
More details on InfinityAT™ Charts
The ATPro™ platform, with its advanced features and functionalities, ensures that traders have all the tools they need to make informed decisions and execute trades efficiently.
Deposit and Withdrawal
Infinity Futures prioritizes a smooth and efficient trading experience, and this extends to its deposit and withdrawal processes. The broker requires a minimum deposit of $3,000 to open an account. Traders need to be aware of the competitive margin requirements, such as $500 for the E-mini S&P 500 Index Future and $2,500 for DAX-Futures.
Additionally, accessing market data comes with fees, starting as low as $1 for level 1 data and $10 for level 2 data. For professional traders, these fees can range between $20 to $60.
While specific methods for Infinity Futures were not detailed, based on industry standards, they might offer options like bank wire transfers, credit/debit cards, and electronic wallets such as other similar platforms.
Customer Support
Infinity Futures places a strong emphasis on customer support, ensuring that traders and clients have access to timely assistance and information. Here's a detailed overview of the customer support options available:
Phone Support:
Toll-Free: 800.322.8559
Direct: 312.373.6220
Email Support:
General Queries: help@infinityfutures.com
For account-related or urgent matters, clients are advised to contact the Transact customer support desk directly at support@transactfutures.com or call 312-431-1901. It's recommended to have your account number ready when calling.
Fax: 312.373.6256
Online Contact Form: Clients can reach out via the online Contact Us form on the Infinity Futures website. The team monitors questions during regular business hours and aims to provide a swift response.
Educational Resources
Infinity Futures is committed to empowering its traders with a wealth of educational resources, ensuring they are well-equipped to navigate the complexities of the futures market. Their educational offerings encompass a diverse range of materials:
Video Tutorials: Infinity Futures provides a comprehensive set of video tutorials that cover various aspects of their trading platform, ATPro™. These videos guide traders on placing different types of orders on the DOM (Trading Ladder), customizing the DOM, using market preset buttons, and much more. The tutorials also delve into dashboard functionalities, charting techniques, and trading directly from charts.
Live Events:The broker hosts regular live events that offer real-time market analysis and live futures trading. These sessions, such as “The Opening Range” and “Bars Closing,” are interactive live streams conducted by experts like Jim Cagnina. Additionally, there are specialized workshops like “Trader's Workshop” and “See the Futures” that provide learning opportunities and insights for traders of all levels.
Articles: Infinity Futures also publishes informative articles that touch upon various trading-related topics. Some of the articles available include insights on using Chrome with ATPro™, understanding Volume Profile as a trading technique, and deciphering the naming convention for stock index futures contract symbols.
Comparison with similar brokers
In the futures trading realm, Infinity Futures is notable for its customer-centric approach and competitive offerings. When compared to TD Ameritrade, known for its advanced ThinkorSwim platform and a fee of $2.25 per futures contract, and TastyWorks, which charges $1.25 per contract and boasts a user-friendly interface, Infinity Futures holds its ground with the ATPro™ platform and nearly 24/7 trading hours. Each broker has its unique strengths, emphasizing the role of individual trader preferences in choosing the right platform.
Conclusion
It's evident that the broker offers a set of tools and services tailored to futures trading. The ATPro™ platform provides functionalities that cater to a range of trading needs, while the broker's focus on educational resources and customer support indicates an emphasis on trader assistance. However, as with any financial institution, potential users should conduct thorough research and consider individual trading preferences and requirements before making a decision.
FAQs
Q: How much do you charge for the ATPro™ Charts？
A: Charts are $12 per month. However, this fee is waived if you trade 10 round turns or more over a period of 30 days.
Q: How do I get my daily statements？
A: All customers can login to a secure Customer Portal where daily statements are published. Tax documents and account settings are also accessible through the Customer Portal.
Q: Can I use the ATPro™ trading platform and charts from a cell phone？
A: Yes. The ATPro™ web-based trading platform can be accessed from any supported device including iPhones, androids, iPads, Macs, and more.
Q: Do I have access to a trade desk？
A: Yes. The trade desk is available during the 23-hour trading session. There is no fee for contacting the trade desk.
Q: How can I change my daily limits？
A: Send an email to support@transactfutures.com or call 312.431.1901 for risk limits and contract size adjustments. Support typically responds in a matter of minutes.
