Based on looking at the website, goinfinity.live promotes engaging in stock market trading, which, depending on the specific practices and underlying assets, can fall into areas of financial uncertainty and potential interest riba in Islam. The service suggests earning profits “safely, steadily, consistently & peacefully” by providing stock picks and daily tracking via a Telegram group, culminating in opening an account with Angel Broking. While the site emphasizes “delivery trades only” and “no stop loss” or “leverage,” the inherent nature of active stock trading, particularly with external guidance and the promise of consistent profit, introduces elements that are generally discouraged in Islamic finance due to concerns about gharar excessive uncertainty and potential involvement in interest-bearing instruments or haram businesses. Therefore, we do not recommend this service from an Islamic perspective due to its association with speculative financial activities and lack of explicit assurances regarding Sharia compliance of the underlying assets or trading mechanisms.
Overall Review Summary:
- Service Model: Stock market trading guidance via Telegram group.
- Key Promise: Earn profits safely, steadily, consistently, and peacefully from stock markets.
- Trial Period: 1-month free access to Telegram group.
- Broker Requirement: Open an account with Angel Broking.
- Trading Strategy: Fundamental and technical analysis on top 500 stocks, delivery trades only, no stop loss, no leverage.
- Pricing: “No fees! Just 30 Rs brokerage” mentioned in a customer review, implying revenue is primarily through referred brokerage.
- Islamic Ethical Stance: Not recommended due to inherent uncertainties gharar in speculative trading and lack of explicit Sharia compliance.
The goinfinity.live website presents a service called “Trades for Profit” aimed at individuals who are busy but wish to earn from stock markets without personally conducting research or tracking.
They position themselves as a team of experienced traders and research analysts who provide stock recommendations and guidance.
While they highlight aspects like trading in “fundamentally strong stocks” and “delivery trades only” to reduce risk, the very act of engaging in active trading based on market momentum and technical analysis, even with precautions, carries a level of speculative risk that is often problematic from an Islamic finance standpoint.
Furthermore, the absence of clear statements about Sharia-compliant investment screenings for the underlying stocks or a definitive explanation of how they avoid interest-based dealings makes it difficult to endorse this service for a Muslim audience.
The emphasis on “earning profits safely, steadily, consistently & peacefully” can inadvertently lead users into a mindset of guaranteed returns from market fluctuations, which is contrary to the spirit of genuine, asset-backed ethical investments.
Best Alternatives for Ethical Financial Engagement:
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- Key Features: Global halal investment platform, diversified portfolios, automated investing, ethical screening of assets.
- Average Price: Management fees typically range from 0.49% to 0.99% annually, depending on asset under management.
- Pros: Fully Sharia-compliant, easy-to-use app, broad range of investment options stocks, sukuk, gold, regular Sharia audit reports.
- Cons: Limited direct control over specific stock picks, performance depends on market conditions.
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- Key Features: Specializes in Sharia-compliant venture capital and private equity investments, focuses on real economy businesses.
- Average Price: Varies based on investment size and fund structure.
- Pros: Direct investment in ethical businesses, high growth potential, alignment with Islamic economic principles.
- Cons: Higher entry barriers, illiquid investments, suitable for sophisticated investors.
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- Key Features: Sharia stock screening app, allows users to check individual stocks for compliance, portfolio tracking.
- Average Price: Free for basic features, premium subscription for advanced tools around $10-$15/month.
- Pros: Empowers individuals to make informed Sharia-compliant investment decisions, easy-to-understand compliance reports, covers major global exchanges.
- Cons: Does not provide trading advice or execute trades, users must conduct their own research beyond compliance.
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Halal Investing General Category
- Key Features: Focus on real assets, ethical businesses, avoidance of interest riba, excessive uncertainty gharar, and gambling maysir.
- Average Price: Price of books on the topic vary.
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- Cons: Requires self-education and discipline, may not offer quick returns.
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- Key Features: Comprehensive academic and practical guides on Islamic banking, finance, and economics.
- Average Price: Varies depending on the book.
- Pros: Deep dive into the principles and applications of ethical finance, valuable for serious learners.
- Cons: Can be academic and theoretical, not directly an investment product.
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- Key Features: Exchange-Traded Funds that invest in Sharia-compliant bonds sukuk, offering fixed-income style returns.
- Average Price: Standard ETF expense ratios e.g., 0.25% – 0.60% annually.
- Pros: Diversified exposure to Sharia-compliant income-generating assets, relatively lower risk compared to stocks, liquid.
- Cons: Returns are typically lower than equity investments, still subject to market interest rate fluctuations.
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- Key Features: Tangible asset, historically considered a safe-haven investment, direct ownership.
- Average Price: Spot price of gold plus a small premium for fabrication and dealer markup.
- Pros: Sharia-compliant as a physical commodity, preserves wealth against inflation, global liquidity.
- Cons: No income generation dividends/interest, storage costs, price volatility can be significant.
Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.
IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
Main Content Body
Navigating the Landscape of goinfinity.live Review & First Look
When you first land on goinfinity.live, the immediate impression is one of a service promising financial gains in the stock market with minimal effort from the user.
The site prominently features a call to action: “Try trading with us!” This directly targets individuals who are “busy in their profession,” lack time for market tracking, or don’t possess “fundamental and technical research” skills.
The core proposition is to “Earn Profits Safely, Steadily, Consistently & Peacefully.” This is a significant claim, especially in the volatile world of stock markets.
The website, operating under the brand “Trades for Profit,” outlines a three-step process centered around joining a Telegram group for a free one-month trial.
This introductory phase allows prospective clients to “experience the service risk free,” which is a common marketing tactic to reduce perceived barriers to entry. Netumo.com Review
The key aspects highlighted include:
- Target Audience: Busy professionals, those new to stock market research.
- Service Delivery: Stock picks and daily tracking shared via a Telegram channel.
- Trial Offer: One month free access to the Telegram group.
- Brokerage Integration: Users are encouraged to open an account with Angel Broking after the trial.
From a critical standpoint, the emphasis on “safely, steadily, consistently & peacefully” earning profits from the stock market raises a red flag.
While sound investment principles can lead to long-term growth, the short-term fluctuations inherent in stock trading, especially when guided by external “tips,” often carry significant risk.
For instance, the Securities and Exchange Commission SEC consistently warns investors about the risks associated with “get rich quick” schemes and unregistered investment advisors.
According to a 2023 investor alert from the SEC, many fraudulent schemes lure investors with promises of high returns and low risk, often leveraging social media or chat groups. Le-couteau.com Review
Unpacking the Claims: goinfinity.live’s Stated Methodology
Goinfinity.live, through “Trades for Profit,” details its methodology to justify its promise of consistent earnings. They assert a thorough approach involving:
- Fundamental Research: Screening the top 500 stocks CNX 500 universe on the National Stock Exchange.
- Technical Analysis: Applying tools like Elliott Waves, Gann, Classical patterns, and Computerized indicators to identify profitable odds among the top 100 fundamentally strong stocks.
- Trading Strategy: Buying “top picks in quantities we can take delivery of,” waiting for profits, and daily tracking.
Crucially, the website states:
- “No stop loss.”
- “No leverage.”
- “Delivery trades only.”
- “No unnecessary risk.”
The claim of “no stop loss” is particularly noteworthy.
While it mitigates the risk of being prematurely stopped out of a position due to minor fluctuations, it also exposes the investor to potentially unlimited downside if a stock moves significantly against their position.
This strategy, often associated with long-term holding for value investors, contrasts somewhat with the idea of “momentum swings” and “regular profits” mentioned elsewhere on the site. Cellmydevice.com Review
According to a 2022 survey by the Financial Industry Regulatory Authority FINRA, a significant percentage of retail investors underestimate the risks involved in active trading, often swayed by promises of quick gains.
Moreover, the assertion of “no unnecessary risk” in the context of active stock market trading is subjective and can be misleading, as all market participation inherently involves risk.
Analyzing the goinfinity.live Pros & Cons
Given the information presented on the goinfinity.live website, an objective assessment reveals both potential benefits and significant drawbacks, particularly when viewed through an ethical lens.
Pros from the perspective of a potential user:
- Apparent Simplicity: The service aims to simplify stock market participation for busy individuals, removing the need for personal research.
- Free Trial: A one-month free trial on Telegram allows users to observe the service before committing financially to brokerage.
- Focus on Delivery Trades: The emphasis on “delivery trades only” and “no leverage” indicates a focus on owning shares outright rather than speculative margin trading, which can reduce certain types of financial risk.
- No Direct “Tips” Fees: The website explicitly states, “No fees! Just 30 Rs brokerage,” suggesting revenue is tied to referred brokerage, which might appeal to those wary of recurring subscription costs for advice.
Cons with a critical and ethical perspective: Pacificstereo.net Review
- Inherently Risky Activity: Despite claims of “safety” and “no unnecessary risk,” active stock trading, especially based on technical analysis and momentum, carries substantial inherent risk. Market volatility can lead to significant capital losses.
- Lack of Control and Understanding: Users rely entirely on external recommendations, potentially without understanding the underlying reasons for trades, which can lead to poor decision-making or panic selling if the market moves unfavorably.
- “No Stop Loss” Strategy: While presented as a positive, the absence of stop-loss orders can expose investors to catastrophic losses if a stock experiences a severe downturn, as there’s no automated mechanism to limit potential damage.
- Potential for Gharar Uncertainty: The predictive nature of technical analysis Elliott Waves, Gann and the promise of “consistent” profits from market swings introduce elements of excessive uncertainty that are problematic in Islamic finance. Investments should ideally be based on clear, tangible assets and predictable returns, not speculative market movements.
- Ethical Scrutiny of Underlying Assets: The website mentions trading in “fundamentally strong stocks” within the CNX 500. However, there’s no explicit mention or assurance that these stocks are screened for Sharia compliance e.g., not involved in alcohol, gambling, interest-based finance, etc.. This is a critical omission for Muslim investors.
- Dependence on Third-Party Brokerage: The requirement to open an account with Angel Broking ties the user to a specific brokerage, which may or may not offer Sharia-compliant account options or investment products.
- Lack of Transparency on Performance Validation: While “Recent reviews from our customers” are provided, independent, verifiable third-party audits of their “track record” or performance data are not readily available on the primary page. This makes it difficult to ascertain the veracity of their claims.
Goinfinity.live Alternatives for Ethical Financial Engagement
As discussed in the introduction, the nature of goinfinity.live’s offering, while aiming for “profit,” carries elements of risk and potential Sharia non-compliance.
For those seeking ethical and permissible ways to engage with wealth management and investment, here are the alternatives:
- Wahed Invest: A pioneering global halal investment platform offering diversified portfolios across various asset classes, all rigorously screened for Sharia compliance. They provide automated investing solutions suitable for both beginners and experienced investors looking for ethical wealth growth.
- Amanah Ventures: For individuals interested in direct investment into real economy businesses and venture capital opportunities that adhere strictly to Islamic principles. This is often suitable for those with a higher risk tolerance and longer investment horizon who wish to fund ethical enterprises.
- Zoya App: An invaluable tool for individual investors. Zoya provides a Sharia stock screener that allows users to check the compliance of individual stocks before investing. This empowers users to build their own Sharia-compliant portfolios with confidence, without relying on external “tips.”
- Halal Investing General Category: For those who prefer to educate themselves and manage their own investments, a wealth of resources exists. Books and online courses on halal investing provide foundational knowledge on ethical financial principles, how to screen companies, and building Sharia-compliant portfolios.
- Islamic Sukuk ETFs: Exchange-Traded Funds that invest in Sukuk Islamic bonds offer a Sharia-compliant alternative to conventional fixed-income products. They provide regular distributions from asset-backed financing, offering a more stable income stream compared to equities, while adhering to Islamic finance rules.
- Gold Bullion Physical: Investing in physical gold bullion is a historically sound and Sharia-compliant way to preserve wealth. It acts as a hedge against inflation and economic instability, and its direct ownership avoids the complexities of financial derivatives.
- Islamic Finance Textbooks: For a comprehensive understanding of the theoretical and practical aspects of Islamic finance, delving into academic textbooks can be highly beneficial. These resources explain the permissible frameworks for various financial transactions, helping individuals make informed and ethical decisions beyond just investment.
These alternatives prioritize transparency, adherence to ethical principles, and sustainable wealth creation over speculative gains, aligning more closely with Islamic financial guidelines.
Understanding the goinfinity.live Pricing Structure
One of the more appealing aspects highlighted by goinfinity.live, through its “Trades for Profit” brand, is its seemingly low-cost model. Global.quadairdrone.com Review
According to a customer review prominently featured on the homepage, the service boasts: “No fees! Just 30 Rs brokerage.” This suggests that the primary method of monetization for “Trades for Profit” is not through direct subscription fees for their “tips” or “recommendations,” but rather through a referral arrangement with Angel Broking.
When users open an account with Angel Broking via their provided link, “Trades for Profit” likely receives a commission or a share of the brokerage fees generated by the referred client’s trading activity.
This indirect revenue model can be attractive to users who are wary of paying upfront fees for investment advice.
However, it also creates a potential conflict of interest.
While the service claims to have “No unnecessary risk” and to “keep bets away from any unnecessary risk,” a model where revenue is tied to trading volume or account openings might subtly incentivize more frequent trading or pushing clients towards a specific brokerage, regardless of the client’s optimal financial strategy. Herringrepair.com Review
Industry data from the Securities and Exchange Board of India SEBI in 2023 indicates a significant portion of retail traders actually incur losses, regardless of the advisory service, highlighting that brokerage models can sometimes overshadow investor welfare.
The implied “price point that makes it feasible for you to make money among all existing charges” is subjective and depends entirely on the actual profitability of the trades, which is never guaranteed in the stock market.
How to Approach Financial Decisions Ethically and Safely
The goinfinity.live model, like many active trading platforms, focuses on short-term gains from market fluctuations, which often introduces elements that are problematic in Islamic finance.
True wealth creation in Islam emphasizes asset-backed investments, ethical business practices, and avoidance of exploitative mechanisms like interest riba and excessive uncertainty gharar.
Key principles for ethical financial decisions include: Ab2institute.com.ph Review
- Due Diligence: Thoroughly research any investment opportunity. Understand the underlying business, its revenue model, and its ethical standing. Don’t rely solely on “tips” or promises of quick returns.
- Sharia Compliance: Ensure that the investment itself is Sharia-compliant. This means the company’s primary business activities are permissible e.g., not alcohol, gambling, conventional finance, adult entertainment. Also, ensure the company’s financial structure e.g., debt levels meets Sharia standards. Resources like the Zoya App or AAOIFI standards can guide this.
- Avoid Riba Interest: Steer clear of any financial product or transaction that involves interest, whether paid or received. This includes conventional loans, bonds, and some types of insurance.
- Avoid Gharar Excessive Uncertainty: Transactions should be clear, transparent, and free from excessive uncertainty or speculation. This means avoiding highly speculative derivatives, gambling, and investments based purely on unpredictable market movements.
- Avoid Maysir Gambling: Any transaction where one party benefits at the expense of another purely by chance or speculation, without productive effort, is considered gambling. Active trading based on short-term market predictions often borders on this.
- Focus on Real Assets: Prioritize investments in real, productive assets like businesses, real estate, or commodities e.g., gold that generate legitimate profits through goods or services.
- Long-Term Perspective: Ethical wealth building is generally a long-term endeavor. Avoid “get rich quick” schemes.
- Consult Scholars: When in doubt, consult qualified Islamic finance scholars or institutions for guidance on specific financial products or strategies.
For those looking to invest their savings, options like ethically screened mutual funds or ETFs such as Islamic Sukuk ETFs, direct investments in Sharia-compliant businesses like through Amanah Ventures, or even physical assets like gold bullion, offer more aligned pathways to wealth accumulation.
These avenues typically focus on sustainable growth and ethical considerations, providing a framework for financial well-being that resonates with Islamic values.
Goinfinity.live vs. Ethical Investment Platforms
Comparing goinfinity.live Trades for Profit with established ethical investment platforms highlights fundamental differences in approach, risk philosophy, and adherence to specific ethical guidelines.
Goinfinity.live Trades for Profit:
- Focus: Active trading in Indian equities, guided by technical and fundamental analysis, aiming for “regular profits on momentum swings.”
- Revenue Model: Primarily via brokerage referral fees.
- Risk Mitigation: “No stop loss,” “No leverage,” “Delivery trades only.”
- Ethical Screening: No explicit mention of Sharia-compliant stock screening. The emphasis is on “fundamentally strong” stocks, which does not equate to ethical or Sharia-compliant.
- Client Control: Clients rely on external “tips” via Telegram.
- Target: Individuals seeking quick gains from market movements without personal research.
Ethical Investment Platforms e.g., Wahed Invest, Islamic Robo-Advisors: D-signdigital.co.ke Review
- Focus: Long-term wealth accumulation through diversified portfolios of Sharia-compliant assets equities, sukuk, gold, real estate.
- Revenue Model: Transparent management fees based on Assets Under Management AUM.
- Risk Mitigation: Diversification, rebalancing, and careful asset allocation. Often includes stop-loss mechanisms or risk-management strategies appropriate for long-term investing.
- Ethical Screening: Rigorous, multi-layered Sharia screening processes by independent Sharia boards to ensure compliance of underlying assets and transactions. Regular audits are conducted.
- Client Control: Clients choose their risk tolerance and investment goals, with automated management or tools to screen individual stocks.
- Target: Individuals seeking sustainable, ethical wealth growth aligned with their values.
A 2023 report by the Global Islamic Finance Report GIFR highlighted the significant growth of the Islamic finance industry, driven by increasing demand for ethical and Sharia-compliant financial products.
Platforms like Wahed Invest specifically cater to this demand by offering regulated, transparent, and ethically screened investment options.
This contrasts sharply with services that provide “tips” for active trading, where the primary objective often appears to be generating trading volume rather than long-term, ethically sound asset accumulation.
The key takeaway is that while both aim for profit, the methodology, risk exposure, and underlying ethical commitments are vastly different, making ethical platforms a far more suitable choice for those prioritizing their values.
How to Cancel goinfinity.live Subscription Implied
Based on the information on the goinfinity.live website, there isn’t a traditional “subscription” model with recurring fees for their advice. Transcendingrecords.com Review
Instead, the service states, “No fees! Just 30 Rs brokerage,” implying their revenue is generated when users open an account with Angel Broking through their referral link and subsequently engage in trading.
Therefore, “canceling” a goinfinity.live “subscription” would primarily involve:
- Leaving the Telegram Group: Users can simply leave the “Trades for Profit” Telegram group at any time if they no longer wish to receive their updates or tips.
- Discontinuing Trading via Angel Broking: If a user opened an account with Angel Broking through the goinfinity.live referral, stopping the use of “Trades for Profit” guidance means they would simply cease executing trades based on those recommendations. To fully “cancel” their relationship with the brokerage itself, they would need to follow Angel Broking’s specific account closure procedures, which typically involve:
- Contacting Angel Broking’s customer service.
- Submitting a formal account closure request.
- Ensuring all outstanding balances are settled and holdings are transferred or liquidated.
It’s important to note that since there’s no explicit direct payment to goinfinity.live for their “tips,” there’s no payment gateway or account dashboard on their site for users to manage a subscription.
The free one-month trial is self-expiring in terms of active participation.
Users simply choose whether to continue by opening a brokerage account or not. Sunrisewholesalemerchandise.com Review
This model relies on trust and ongoing engagement rather than contractual obligations for their advisory portion.
FAQ
What is goinfinity.live?
Goinfinity.live is a website that offers stock market trading guidance under the brand “Trades for Profit,” primarily through a Telegram group, aiming to help individuals earn profits from the stock market without personal research.
Is goinfinity.live a legitimate service?
Based on the website’s claims, it presents itself as a legitimate advisory service for stock trading.
However, a thorough assessment of its legitimacy requires independent verification of its claims, regulatory compliance, and actual performance data, which are not fully transparent on the site.
How does goinfinity.live claim to help users earn money?
Goinfinity.live claims to help users earn money by providing stock recommendations and daily tracking via a Telegram group, based on their fundamental and technical analysis of stocks from the National Stock Exchange. Phonenumberguy.com Review
What is the primary method of communication for goinfinity.live’s services?
The primary method of communication for goinfinity.live’s services is through a Telegram group where they share stock purchases and daily trackers.
Does goinfinity.live charge fees for its advice?
According to a customer review on their homepage, goinfinity.live Trades for Profit states “No fees! Just 30 Rs brokerage,” implying their revenue comes from referral commissions when users open accounts and trade through their partner broker, Angel Broking.
What broker does goinfinity.live recommend?
Goinfinity.live recommends that users open an account with Angel Broking to continue using their service after the one-month free trial.
What kind of stocks does goinfinity.live claim to trade in?
Goinfinity.live claims to trade only in “fundamentally strong stocks” from the top 500 stocks on the National Stock Exchange CNX 500 universe.
What trading strategies does goinfinity.live use?
Goinfinity.live employs a combination of fundamental research and technical analysis, including Elliott Waves, Gann, Classical patterns, and Computerized indicators, to identify favorable odds of profit. Icowebsolutions.com Review
Does goinfinity.live use stop loss or leverage?
No, goinfinity.live explicitly states “No stop loss” and “No leverage” in their trading approach. They focus on “delivery trades only.”
What are “delivery trades” as mentioned by goinfinity.live?
“Delivery trades” in stock markets refer to buying shares and taking actual delivery of them into your demat account, intending to hold them for a period rather than intraday trading or speculative futures/options.
Is goinfinity.live suitable for beginners in the stock market?
Goinfinity.live targets individuals who lack time or skills for stock market research, suggesting it is aimed at beginners or passive investors.
However, reliance on external tips without understanding market dynamics carries inherent risks.
How can I join the goinfinity.live Telegram group?
The website provides a “Join Us On Telegram” link, which presumably directs users to their private Telegram channel for the free one-month trial. Strymglobalservices.com Review
Does goinfinity.live provide a “track record” of their performance?
The website has an “Our Track Record” section, but the main homepage only features customer testimonials and general claims of consistent growth rather than verifiable, audited performance data.
What are the ethical considerations of using a service like goinfinity.live from an Islamic perspective?
From an Islamic perspective, services like goinfinity.live raise concerns due to potential involvement in gharar excessive uncertainty from speculative trading, lack of explicit Sharia screening for underlying stocks ensuring they don’t involve haram businesses or interest-based finance, and the indirect incentive for frequent trading via brokerage commissions.
What are some ethical alternatives to goinfinity.live for investing?
Ethical alternatives include Sharia-compliant investment platforms like Wahed Invest, Zoya App for stock screening, investing in Islamic Sukuk ETFs, physical gold bullion, or seeking knowledge from Islamic finance textbooks.
How do ethical investment platforms differ from goinfinity.live?
Ethical investment platforms typically focus on long-term wealth accumulation through diversified, rigorously Sharia-screened assets, charge transparent management fees, and aim to avoid elements of excessive uncertainty or interest, unlike goinfinity.live’s active trading “tips” model.
How can I “cancel” my involvement with goinfinity.live?
Since there’s no direct subscription fee, “canceling” involves simply leaving their Telegram group. Multi-medix.com Review
If you opened a brokerage account with Angel Broking, you would need to follow Angel Broking’s specific account closure procedures to fully disengage from the brokerage relationship.
Does goinfinity.live offer customer support?
Yes, goinfinity.live provides contact information including a WhatsApp number, email address [email protected], and work hours Monday-Friday 9:00-17:00.
What are the potential risks of using a service that promises “safe” and “consistent” profits in the stock market?
Promises of “safe” and “consistent” profits in the stock market can be misleading, as all market investments carry risk.
Over-reliance on such promises can lead to significant capital losses, especially without stop-loss mechanisms or proper understanding of market volatility.
Why is Sharia compliance important when choosing an investment service?
Sharia compliance is crucial for Muslim investors to ensure their financial activities align with Islamic ethical and legal principles, avoiding forbidden elements like interest riba, excessive uncertainty gharar, gambling maysir, and investments in haram businesses. Monochromebooks.com Review
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