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Innovax Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.innovax...., the company's legitimate regulatory information Hong KongSFCDealing in futures contracts to enhance the security of the company's address Unit A-C, 20/F, Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong

Innovax Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
Innovax Holdings Limited
Abbreviation
Innovax
Company employee
--
Customer Service Email Address
enquiry@innovax.hk
Contact Number
+85223116388
Company Website
Company address
Unit A-C, 20/F, Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong
Keywords
5-10 years
Regulated in Hong Kong
Dealing in futures contracts
Suspicious Scope of Business

Company profile

Innovax Review Summary in 6 Points Founded 2014 Registered Country/Region Hong Kong Regulation SFC regulated Financial Instruments & Services Investment banking services (corporate finance advisory and equity capital market), Brokerage services (Securities trading, futures trading, IPO subscription, Margin financing), Research, Asset management. Trading Platforms Innovax Securities Mobile App Customer Support Email, Address, Phone, FAQ, Fax, Social media What is Innovax? Innovax, with full name Innovax Holdings Limited, is a Hong Kong-based financial firm, provides its clients with a wide array of financial instruments and amenities spanning across various areas such as Investment banking services (inclusive of corporate finance advisory and equity capital market), Brokerage services (encompassing Securities trading, futures trading, IPO subscription, Margin financing), Research, and Asset management. It currently operates under regulation by the Securities and Futures Commission of Hong Kong (SFC) with a “Dealing in futures contracts” license, numbering at BNS087. In the following article, we plan to review and evaluate the characteristics of this financial company from multiple aspects, presenting precise and organized data. If this information appeals to you, we invite you to keep reading. At the end of the article, we will offer a brief summary encapsulating the standout qualities of the financial firm, enabling you to grasp its salient features quickly. Pros & Cons Pros Cons • SFC regulated • Trading fees and service fees charged •Wide range of trading instruments and services • Report of unable to withdraw • Trading tools avaialble • Abundant and accessible customer supports Innovax comes with its unique set of advantages and disadvantages. On the positive side, it is regulated by the SFC, contributing significantly to its reliability and credibility among traders. The company offers a broad spectrum of trading instruments and services that cater to various trader requirements, enhancing its utility in the financial market. Also, the presence of trading tools becomes an essential aid for traders to make informed decisions. The company also excels in customer support, making it abundantly available and easily accessible to its clients. On the downside, Innovax charges trading fees and service fees, which might diminish the net returns for the traders. Additionally, reports suggesting withdrawal issues pose a considerable concern. Is Innovax Safe or Scam? When considering the safety of a financial company like Innovax or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company: Regulatory sight: Innovax operates with a “Dealing in futures contracts” license, with the license number BNS087, from the Securities and Futures Commission of Hong Kong (SFC). This indicates a favorable regulatory status. Nevertheless, it's important to acknowledge that experience alone doesn't necessarily ascertain absolute security and dependability. User feedback: A report regarding withdrawal issues on WikiFX may possibly indicate a cause for concern. Prior to associating with any financial company or investment platform, potential clients are advised to exhibit caution and perform an in-depth investigation and due diligence to evade potential missteps or unfortunate decisions. Security measures: Innovax has established a privacy policy as a security measure to safeguard user data, effectively fostering trust among its global clientele. In the end, the choice to engage in trade with Innovax is a deeply personal one. It's crucial to carefully balance the potential risks and advantages before coming to a decision. Financial Instruments & Services Innovax presents itself as a comprehensive provider of financial instruments and services. These services stretch across multiple spectrums of the finance world, including but not limited to investment banking and brokerage services. Within the scope of investment banking, Innovax delivers on corporate finance advisory and works in the equity capital market. As for its brokerage services, they are set to accommodate diverse trader needs including securities trading, futures trading, subscriptions for IPOs, and margin financing. Beyond these primary services, Innovax further supports its clientele with detailed research offerings, helping them stay abreast with the latest market trends and make informed trading decisions. Also, the firm has a robust asset management wing dedicated to the effective management and growth of client investments. This varied suite of services makes Innovax an involved participant in its clients' financial journey. How to Open a Innovax Account? The account opening process for Innovax involves several steps. First, you need to download and print out the Account Opening Form, filling in the necessary details. The second step requires you to bring your original and valid identification. If you are a Hong Kong resident or citizen, your Hong Kong ID Card will suffice. If you are not, you need to present your identification card and/or passport. Subsequently, you are required to provide an original document that validates your residential address. This proof should contain your name and be issued by a government body or a financial institution, an example can include utilities bills or bank statements. The final step is to visit the company's office, located at Unit A-C 20/F Neich Tower, 128 Gloucester Road, Wan Chai, Hong Kong. For any queries, you can reach out to their customer service hotline at (852) 2311 6388. Trading Platforms Innovax has an engaging and user-friendly Innovax Securities Mobile App available for its traders. Aptly updated to stay on pace with technological advancements, the app is compatible with multiple mobile operating systems including iOS and Android, aiding traders with various smartphone preferences. There's also an Android Domestic version specifically tailored for local users. The platform brings traders closer to the market, rendering the ability to manage their trades at their fingertips. While for enhanced security, clients are also advised to download the Innovax 2FA application. This two-factor authentication application provides an additional layer of security to client accounts, making it significantly more challenging for unauthorized individuals to access account details or perform fraudulent transactions. Trading Tools Innovax makes available a key trading tool for its clients - the daily market update. Recognizing how market dynamics unfold and shift on a daily basis, this tool equips traders with up-to-the-minute information about the market's movement. Covering aspects like market trends, changes in currency rates, and crucial economic indicators, these updates keep traders well-informed about the current market scenario and potential future directions. Furthermore, the company also provides financial reports, which provide traders with crucial information about the company's performance, including its profitability, assets, liabilities, and cash flow, among other things, thus to help traders predict future performance based on past trends. Deposits & Withdrawals Innovax allows payments through bank transfer and cheque, accepting HKD, USD, and CNY. Post transaction, a signed bank pay-in slip must be sent to cs@innovax.hk or faxed. Third-party payments are not permitted. Withdrawals submitted past 11 a.m. or payments confirmed after 3 p.m. are processed the next business day. For any queries, clients may contact (852) 2311 6388. More detailed info are available through https://www.innovax.hk/en/en-fund-deposit/. User Exposure on WikiFX The existence of a report on WikiFX regarding unable to withdraw should be viewed as a significant red flag. We emphatically suggest to all traders to carry out a comprehensive examination and mull over all the accessible data prior to engaging nay real trades. Our platform is designed to be a comprehensive tool that assists traders in making well-informed decision. In case you have been a victim of financial fraud or encountered similar difficulties, we encourage you to share your experiences in our 'Exposure' section. Your contribution carries immense weight. Be assured that our committed team is relentless in addressing such issues and persistently endeavors to facilitate effective solutions to such complex predicaments. Fees Innovax applies certain charges for its services, which include general trading fees and service fees. These charges are typically based on a specific percentage of the trading amount. For detailed information on these charges and their respective percentages or waived conditions, you can visit the fee schedule page on Innovax's official website at https://www.innovax.hk/en/en-fee-schedule/. Here you will find a comprehensive layout of costs associated with different services, which helps you understand the pricing structure and plan your trades accordingly. Customer Service Innovax offers an array of channels for customer support, ensuring hassle-free communication. Clients can reach the support team through a variety of methods for different services including: General Enquiries: enquiry@innovax.hk. Capital: capital@innovax.hk. Securities: cs@innovax.hk. Asset Management: assetmgt@innovax.hk. Complaints: complaints@innovax.hk. General Enquiries: (852) 2311 0322 Customer Dedicated Line Service: (852)2311 6388 Fax: (852)3705 2849 Address: Innovax Securities Limited / Innovax Asset Management Limited Unit A-C, 20/F, Neich Tower,128 Gloucester Road, Wanchai, Hong Kong. Innovax Capital Limited Room B, 13/F, Neich Tower,128 Gloucester Road, Wanchai, Hong Kong. An online FAQ section is also available for customers to quickly find general information or answers to commonly asked questions. Moreover, the company also maintains social media accounts such as Facebook and YouTube. Conclusion Innovax, a financial corporation based in Hong Kong, provides a broad spectrum of financial capabilities such as Investment Banking (inclusive of Corporate Finance Advisory and Equity Capital Market), Brokerage Services (encompassing Securities Trading, Futures Trading, IPO Subscription, Margin Financing), Research, and Asset Management. It‘s SFC-regulated, which amplifies its credibility and reliability. While this provides a trustworthy front, it's crucial to note that there’s a report of withdrawal issue on WikiFX. Potential investors should interpret this as a red flag. Consequently, comprehensive and diligent research is highly recommended before aligning with Innovax or deciding to invest. It's vitally important to directly engage with the company to obtain accurate and up-to-date information regarding their services. A complete understanding of the potential risks and returns is essential for traders to make informed investment decisions. Frequently Asked Questions (FAQs) Q 1: Is Innovax regulated? A 1: Yes. It has been verified that this financial company is currently under SFC regulation. Q 2: What kind of trading instruments does Innovax offer? A 2: Innovax is an Hongkong-based financial company offers a range of financial services including Investment banking services (inclusive of corporate finance advisory and equity capital market), Brokerage services (encompassing Securities trading, futures trading, IPO subscription, Margin financing), Research, and Asset management to traders. Q 3: Is Innovax a good financial company for beginners? A3: Yes. It is a good choice for beginners because its well regulated by SFC. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Rating Index

How to login to Innovax?
Innovax Complete Account Guide: Registration, Account Opening, and Login Processes Welcome to the comprehensive guide on the Innovax educational platform, where we will detail the essential processes of registration, account opening, and login. This guide will help ensure that your experience with I

  

Innovax Forex Broker - Complete Information Guide

  

1. Broker Overview

  Innovax Holdings Limited, established in 2014, is a prominent financial services provider headquartered in Wanchai, Hong Kong. The company operates as a publicly listed entity, offering a range of financial services primarily to retail and institutional clients. Over the years, Innovax has developed a solid reputation within the forex and CFD trading sectors, focusing on delivering comprehensive financial solutions.

  Innovax has made significant strides since its inception, expanding its service offerings and enhancing its technological capabilities. Key milestones include obtaining regulatory licenses and launching various trading platforms tailored to meet the needs of diverse traders. The company is associated with the Securities and Futures Commission of Hong Kong (SFC), which adds to its credibility in the financial market.

  The business model of Innovax encompasses retail forex trading, where individual clients can access a wide array of financial instruments. Additionally, the broker provides institutional services, catering to the needs of larger entities seeking advanced trading solutions. This dual focus allows Innovax to serve a broad spectrum of clients, from novice traders to experienced institutions.

  

2. Regulatory and Compliance Information

  Innovax operates under the regulatory oversight of the Securities and Futures Commission (SFC) of Hong Kong. The broker holds a dealing in futures contracts license, identified by the license number BNS 087. This regulatory framework ensures that Innovax adheres to stringent compliance standards, promoting transparency and accountability in its operations.

  The SFC regulates Innovax's activities, ensuring that client funds are kept in segregated accounts, thereby safeguarding against potential financial mishaps. Additionally, Innovax is committed to following Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, which are essential for maintaining the integrity of its trading environment.

  Innovax's participation in investor compensation schemes further enhances its appeal to potential clients, providing an additional layer of security for their investments. The broker's compliance with these regulations and policies positions it as a trustworthy entity in the competitive forex market.

  

3. Trading Products and Services

  Innovax offers an extensive range of trading products, catering to the diverse needs of its clients. The broker provides access to over 50 forex currency pairs, including major, minor, and exotic pairs, enabling traders to capitalize on various market opportunities.

  In addition to forex trading, Innovax also offers Contract for Difference (CFD) products across multiple asset classes, including:

  • Indices: Major global indices for diversified trading options.
  • Commodities: A selection of commodities like gold, oil, and agricultural products.
  • Stocks: CFDs on stocks from various international markets.
  • Cryptocurrencies: A growing range of digital currencies for trading.

  Innovax frequently updates its product offerings to include new instruments and enhance existing ones, ensuring that traders have access to the latest market trends. The broker's commitment to providing comprehensive retail trading services is complemented by its institutional offerings, which include liquidity solutions and white-label services for other financial entities.

  

4. Trading Platforms and Technology

  Innovax does not support MetaTrader 4 or MetaTrader 5; instead, it offers its proprietary trading platform, the Innovax Securities Mobile App. This app is designed to provide traders with a user-friendly interface, allowing them to manage their trades seamlessly on both iOS and Android devices.

  The platform features advanced charting tools, real-time market data, and various order types to facilitate efficient trading. Innovax also provides a web-based trading platform, ensuring accessibility for clients who prefer trading from their desktop.

  Innovax employs a Market Making execution model, which allows for competitive spreads and fast order execution. The company's trading infrastructure is robust, with servers strategically located to minimize latency and enhance trading performance. Furthermore, Innovax supports API access for algorithmic trading, enabling clients to implement automated trading strategies effectively.

  

5. Account Types and Trading Conditions

  Innovax offers several account types to suit the varying needs of its clients. The primary account options include:

  • Standard Account: Requires a minimum deposit of HKD 5,000, with competitive spreads starting from 1.5 pips. This account is ideal for retail traders looking for basic trading conditions.
  • Premium Account: Designed for more experienced traders, this account type offers lower spreads and additional features for a minimum deposit of HKD 20,000.
  • Islamic Account: Available for clients who require compliance with Sharia law, ensuring no interest is charged on overnight positions.
  • Demo Account: Allows potential clients to practice trading with virtual funds, helping them familiarize themselves with the platform before committing real capital.

  Innovax provides leverage of up to 1:100 on forex trades, with varying leverage ratios for different asset classes. The minimum trade size is 0.01 lots, enabling traders to manage their risk effectively. Innovax also has a transparent overnight fee policy, which is clearly outlined on its website.

  

6. Fund Management

  Innovax supports various deposit methods, including bank transfers and credit cards, making it convenient for clients to fund their accounts. The minimum deposit requirement varies by account type, with the standard account requiring HKD 5,000.

  Deposits are typically processed within 1-2 business days, ensuring that clients can begin trading promptly. Innovax does not charge fees for deposits, making it cost-effective for traders.

  Withdrawal options include bank transfers, with processing times generally taking 1-3 business days. Innovax has a clear withdrawal fee structure, which is detailed on its official website. Clients should be aware that third-party payments are not permitted, and all withdrawals must be made to accounts in the client's name.

  

7. Customer Support and Educational Resources

  Innovax prides itself on providing excellent customer support, available through multiple channels, including:

  • Email: Clients can reach out via dedicated email addresses for specific queries.
  • Phone: A customer support hotline is available for immediate assistance.
  • Social Media: Innovax maintains a presence on platforms like Facebook and Twitter, allowing clients to engage with the company easily.

  The support team operates during business hours in the Hong Kong timezone, ensuring timely responses to client inquiries. Innovax also offers multi-language support, catering to its diverse client base.

  In terms of educational resources, Innovax provides various materials, including webinars, tutorials, and market analysis reports. These resources are designed to help traders enhance their skills and make informed trading decisions. Additionally, the broker offers trading tools such as calculators and economic calendars to assist clients in their trading endeavors.

  

8. Regional Coverage and Restrictions

  Innovax primarily serves clients in Hong Kong and other regions in Asia. The broker has established a strong presence in these markets, leveraging its local expertise to cater to the needs of its clientele.

  While Innovax is expanding its reach, there are certain countries from which it does not accept clients, primarily due to regulatory restrictions. Specific details regarding restricted regions can be found on the broker's website.

  Overall, Innovax is committed to providing quality financial services and expanding its market presence while ensuring compliance with local regulations.

  In conclusion, Innovax broker stands out as a reputable financial services provider, offering a comprehensive suite of trading products and services backed by regulatory oversight. With its user-friendly platforms and strong customer support, Innovax continues to cater to the diverse needs of traders in the competitive forex landscape.

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Latest Reviews

小美8215

小美8215

Hong Kong

I deposit more than 55,000 on the indodax website. Last week I went to withdraw and they rejected me on the grounds of system upgrades. The second withdrawal said that I could not withdraw cash on weekends. I went to withdraw cash on Monday and said that I violated the rules and froze me. Ask me to deposit another 20,000 to unblock it, and let me deal with it within 24 hours, otherwise I won’t handle the unblocking business for me, and now I can’t even log in to the website.

Exposure

2022-12-07

Innovax Forex Broker has an overall rating of 6.90, Regulatory Index 6.54, License Index 6.54, Business Index 7.19, Software Index 5.89 Risk Control Index 9.64.