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.
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.
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:
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.
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.
Innovax offers several account types to suit the varying needs of its clients. The primary account options include:
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.
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.
Innovax prides itself on providing excellent customer support, available through multiple channels, including:
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.
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.
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