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.