Before starting this InfinityCapitalG review let me tell you all that since the late ’90s, I have been an active participant in the Canadian securities market. My experience covers almost all types of online brokerages: large full service, discount, full-service-discount hybrid and online only. In my opinion most brokers out there are about equal; it is up to the individual investor to choose the one that best suits their needs, trading methods and account profile.
The purpose of this article is to introduce you to my broker, InfinityCapitalG. But before we start, I would like to tell you about how brokerages work so that you know the intricacies and can save yourself.
I was introduced to many online brokerages before InfinityCapitalG. A friend of mine told me about this one when I was getting screwed by my broker. After the initial shock, I started doing research and found that there were many brokers out there who are able to provide me, or anyone else with the same trading needs and account size, much lower stock-trading commissions.
My friend has been in this profession for a very long now. He has read hundreds of reviews, met as many people, been to many places soI listen to him always. He pointed out that most discount brokers charge way less. I confirmed this by talking to my senior trader and found out it was true! And they manage mutual funds at a higher rate too!
At the time, I had an account with another broker and their trading platform left something to be desired; it often lagged behind when making trades and gave obscure error messages. So after much consideration and online research which included reading reviews, I started looking around for a better one amongst a pool of online brokerages.
In the end, I chose InfinityCapitalG because their fee structure is better than the competition and they have a good trading platform. I also chose them because of their reputation, which is well earned. They are one of the few organizations that actually deliver on what they promise. I hope you will understand through this review what I mean.
Most brokers tend to be about equal in terms of service and commission rates. There are two key points to consider when choosing any brokerage though: trustworthiness and technology or user interface. InfinityCapitalG scored high on these measures as well as others such as convenience, trade execution speed, a small or no minimum balance requirements, 24/5 customer service, free dividend reinvestment plans ( stocks), etc.
If you want to learn more about why I chose InfinityCapitalG out of all online brokerages check out the reasons below.
One of the things that really set InfinityCapitalG apart is its customer service. When I opened my account with them, I was sent an introductory email outlining all the online resources they offer (which are great) including educational material for new investors in stocks and mutual funds, web seminars/webinars, trading tips and personal experience, I can say that almost all of them are very helpful.
I know why they succeed to satisfy most of the customers. It’s because the company only hires seasoned industry professionals. I never feel like I’m being taken advantage of when I call them with a question or concern and unlike some brokers, it doesn’t cost anything extra. You can reach them via the internet or by phone and you will always have a friendly, knowledgeable rep on the other end of the line.
You must have understood by now through this review that the InfinityCapitalG website has many useful features for investors, in particular, those who are passionate about it. They offer webinars that cover topics such as what steps to take when opening an account and how to use the online trading platform. I personally attended one of their seminars and it was very well presented.
I would recommend any new investor attend if they have got time on their hands. Webinars are helpful because they help me stay up to date with the market, especially if I can’t always watch it or read the news. I also have to say that their webinars are almost like a tutorial and often very easy to interpret.
It’s not just about stocks, they also have webinars on mutual funds and some other topics that are really helpful. Now is the time all online brokerages realize how important and helpful these can be.
InfinityCapitalG Trading Platform
I only wanted to review The InfinityCapitalG because I think their trading platform is among the few trustworthy platforms that I have seen. It’s very easy to use and extremely comprehensive while still being user friendly. The team of developers who created it were clearly very knowledgeable about technology and what users are looking for in a trading platform.
The great thing is that they have kept it fresh by continually adding new features and keeping it up to date with the latest developments in the industry. They have always been adding new features and upgrading the platform to meet investor requests.
One of the great things about InfinityCapitalG is the education materials they offer to help new investors learn what a good trade looks like and how to interpret current market conditions. I have a much better understanding of the market than I did when I started out because of their helpful webinars and industry reports.
With this knowledge, not only am I looking to make money, but I also want to do it in a way that is ethical and sustainable. This has grown my confidence as an investor and makes me feel like I’m doing more than just making a quick buck. I have never felt this way while I was at my previous online brokerages.
InfinityCapitalG Trading Tools
With the InfinityCapitalG trading platform, there are a lot of tools available to give you valuable information about your stock trades. The charts are detailed and easy to interpret with great visuals and colour-coding. I really like the way they display the price movement of your stock, you can see a lot of information at a glance.
One of the best tools that I have used with this platform is the real-time quotes available for all the markets. This is a very simple feature that is offered by most platforms now but I have to say, it’s hard to find one with as many options for data that you display on the screen. You can choose to display any number of tickers and they are colour-coded with green for up, red for down.
The InfinityCapitalG trading platform is also very secure. As a new investor coming from the States to Canada, it was important to me that my funds were safe. I thought about using a Canadian-based platform but decided against it because I just wasn’t sure how secure they were. I was looking for a trustworthy platform and safety assurances just like all new investors should be.
One of my friends referred me to InfinityCapitalG and they answered any questions I had about security with ease. When it comes time to decide who to invest with, security should always be a top consideration.
Some flaws you should know
One of the major areas that need to be worked on is the non-availability of a mobile app, which allows traders to trade wherever they are. It’s a great option that is offered by few other online brokerages and it makes things convenient for the users.
In addition to this, InfinityCapitalG’s website does not have a blog featuring educational content for the investor. Who doesn’t love a good blog? I think this would be a great idea on InfinityCapitalG’s part and it’s a great way to keep people engaged and coming back for more. For those that have no idea how to invest, this is an easy and very understandable way to learn about the market, and if you’re already investing, this is a great resource for improving your knowledge base.
Website available in two languages only
The website is only available in two languages. This can be a deal-breaker for some investors that prefer to read their information in another language. This is probably one of the major flaws that I wanted to discuss in this review.
No Free Demo Account
This broker does not offer a free demo account for their traders. A demo account is something the broker should have as it allows you to get hands-on experience with the platform and test out all of its features without risking a dime. This allows you to test out the features and test it out on fake money before you invest your real funds. Unfortunately, many online brokerages tend to ignore this area.
Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.