innovestx Company

　　

InnovestX Company: A Comprehensive Overview

　　

1. Company Overview

　　

Founding Date and Background

　　InnovestX Securities Co., Ltd. was founded in 1995, marking its entry into the financial services sector in Thailand. Initially known as SCB Securities Co., Ltd., the company has evolved over the years to adapt to the changing landscape of investment and digital asset services.

　　

Parent Company/Ownership Structure

　　InnovestX is a wholly-owned subsidiary of SCB X Public Company Limited, which is part of the SCBX group. This affiliation provides InnovestX with a robust backing from one of Thailand's oldest and most reputable financial institutions.

　　

Headquarters Location

　　The company is headquartered in Bangkok, Thailand, specifically at SCB Park Plaza, located at 19 Ratchadapisek Road, Chatuchak, Bangkok 10900.

　　

Global Business Scope

　　While InnovestX primarily serves the Thai market, it also provides access to international financial markets, allowing clients to trade on various global exchanges. The company offers a wide range of financial instruments, including stocks, derivatives, and cryptocurrencies.

　　

Main Regulatory Bodies

　　InnovestX operates under the regulation of the Securities and Exchange Commission (SEC) of Thailand. It is also a member of the Thailand Stock Exchange (SET) and the Thailand Futures Exchange (TFEX).

　　

2. Company History and Development

　　

Key Milestones

• 1995: InnovestX was established as SCB Securities Co., Ltd.
• 2022: The company rebranded to InnovestX, launching its proprietary mobile application designed for comprehensive investment management.
• 2023: InnovestX received two prestigious awards from Finance Asia, recognizing it as the "Best Broker in Thailand" and for "Most Innovative Use of Technology in Thailand."

　　

Business Expansion Journey

　　InnovestX has expanded its services over the years, transitioning from a traditional brokerage to a modern financial services provider that includes digital asset trading. The introduction of its mobile app has significantly enhanced its service delivery and client engagement.

　　

Customer Base Growth

　　The company has seen substantial growth in its customer base, attributed to its commitment to providing user-friendly services and a diverse range of investment options. This growth is further bolstered by its affiliation with SCB, which has a large existing customer network.

　　

Platform Development History

　　InnovestX has developed several trading platforms, including the InnovestX app, TradingView, and Settrade Streaming. These platforms support a wide range of trading activities and provide advanced technical analysis tools, catering to both novice and experienced traders.

　　

Important Awards or Recognitions Received

　　InnovestX has received multiple awards for its innovative approach to financial services, including recognition for its technological advancements and customer service excellence.

　　

3. Trading Services Offered

　　

Forex Trading Options

　　InnovestX currently does not offer Forex trading services, focusing instead on other investment instruments.

　　

Stock Trading Options

　　The company provides access to a broad range of stocks listed on the Thailand Stock Exchange and international markets, allowing clients to trade shares of over 10,000 companies globally.

　　

CFD Trading Products

　　InnovestX offers Contracts for Difference (CFDs) on various financial instruments, enabling clients to speculate on price movements without owning the underlying assets.

　　

Other Financial Instruments

　　In addition to stocks and CFDs, InnovestX offers trading in:

• Cryptocurrencies: Clients can trade 26 different cryptocurrencies, reflecting the growing demand for digital assets.
• Commodities: The company provides access to various commodity markets, although specific offerings may vary.

　　

Special Services or Unique Advantages

　　InnovestX stands out in the market with its comprehensive mobile app, which allows for seamless trading and portfolio management. The app includes features for tracking investments, receiving market alerts, and managing funds efficiently.

　　

4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　InnovestX is regulated by the following bodies:

• Securities and Exchange Commission (SEC), Thailand
• Thailand Stock Exchange (SET)
• Thailand Futures Exchange (TFEX)

　　

Legal Entity Structure by Region

　　InnovestX operates primarily in Thailand, and its legal structure is compliant with local regulations. It is registered as a member of the SET and TFEX, which allows it to provide direct access to these exchanges for its clients.

　　

Client Fund Protection Measures

　　Client investments with InnovestX are protected by the Securities Investor Protection Fund (SIPF), which covers up to THB 1,000,000 per client in the event of the broker's insolvency.

　　

Countries/Regions Served

　　While InnovestX primarily serves clients in Thailand, it also facilitates trading on international exchanges, providing a global trading experience.

　　

Compliance History

　　InnovestX has maintained compliance with local regulations, although it has faced scrutiny regarding its services and trading conditions. Continuous efforts are made to enhance transparency and adhere to regulatory standards.

　　

5. Competitive Landscape

　　

3-5 Main Competitors

　　InnovestX competes with several key players in the financial services industry, including:

• Kasikorn Securities
• Krungsri Securities
• Securities and Exchange Commission (SEC) Thailand
• SCB Securities

　　

Positioning in the Industry

　　InnovestX positions itself as a modern, tech-driven brokerage that offers a wide range of investment options. Its affiliation with SCB provides a competitive edge in terms of brand recognition and trust.

　　

Market Differentiation Factors

　　InnovestX differentiates itself through:

• Technological Innovation: The introduction of its mobile app and integration with platforms like TradingView.
• Diverse Investment Options: A broad array of trading instruments, including stocks, cryptocurrencies, and derivatives.
• Customer-Centric Approach: Focus on providing a user-friendly experience and comprehensive support services.

　　For more information on InnovestX, including specific trading services and features, please learn more.

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