The Financial Conduct Authority (FCA) issued a warning against Infiniteoptiontrade on March 17, 2023, revealing that this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/infiniteoptiontrade

Infiniteoptiontrade claims to be registered with the Australian Securities & Investments Commission (ASIC) under the license number 005182/8954. However, it should be noted that there are two kinds of licenses issued by the ASIC: Australian Financial Services Licensee (AFSL) and Australian Financial Services Authorized Representative (AFSAR), and they are 6 digits and 9 digits respectively. But the license number Infiniteoptiontrade provides is 10 digits. At the same time, we searched this broker's name on the website of the ASIC, and there was no matching results. That means, what it claims is a false statement to unsuspecting investors. In addition, the Financial Conduct Authority (FCA) has issued a warning against Infiniteoptiontrade, revealing that this broker might be providing financial services or products in the UK without authorization.

The truth is, Infiniteoptiontrade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.