Innovest Broker Review

　　

Innovest 2025 Review: Everything You Need to Know

　　In this comprehensive review of Innovest, we delve into its offerings, user experiences, and expert opinions to provide a balanced assessment of this broker. Overall, Innovest is recognized for its extensive range of financial services, including access to both Thai and international markets. However, concerns about regulatory status and user satisfaction persist, making it essential for potential clients to weigh the pros and cons carefully.

　　Note: It's crucial to highlight that different entities operate under the Innovest brand across various regions, which can affect user experience and regulatory oversight. This review synthesizes information from multiple sources to ensure fairness and accuracy.

　　

Ratings Overview

Category	Score (out of 10)
Account Conditions	6.5
Tools and Resources	6.0
Customer Service and Support	5.5
Trading Setup (Experience)	6.2
Trustworthiness	5.0
User Experience	6.3
Regulatory Compliance	4.0

　　How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data regarding the broker's services.

　　

Broker Overview

　　Founded in 1995, Innovest is a well-established broker based in Thailand, recognized for its affiliation with major financial entities, including the SCBX Group, which encompasses Siam Commercial Bank. Innovest offers a variety of trading platforms, including TradingView and its proprietary InnovestX app, catering to a wide range of trading needs. The broker provides access to a diverse array of asset classes, including equities, derivatives, cryptocurrencies, and mutual funds. However, it is important to note that Innovest is regulated by the Securities and Exchange Commission of Thailand (SEC), and its services are primarily available to Thai clients.

　　

Detailed Review

　　Regulated Geographical Regions: Innovest primarily operates in Thailand and is regulated by the SEC. However, it lacks tier-1 regulation, which raises concerns about investor protection and overall trustworthiness.

　　Deposit/Withdrawal Currencies: Clients can conduct transactions in multiple currencies, including THB, USD, EUR, GBP, and HKD. However, withdrawal options are limited, as funds can only be transferred to bank accounts, and there are no options for credit or debit card withdrawals.

　　Minimum Deposit: The minimum deposit varies based on the account type, ranging from THB 1 to THB 500,000. This flexibility allows both novice and experienced traders to engage with the platform according to their financial capabilities.

　　Bonuses/Promotions: Currently, Innovest does not offer any significant bonuses or promotions, which may deter some traders looking for added incentives.

　　Available Asset Classes: Innovest provides a wide range of trading instruments, including stocks, stock indices, mutual funds, cryptocurrencies, debt instruments, and derivatives. This diversity allows traders to build a well-rounded portfolio and manage risks effectively.

　　Costs (Spreads, Fees, Commissions): Innovest charges competitive commissions, particularly for high trading volumes. For Thai stocks, the commission ranges from 0.107% to 0.207%, while U.S. stocks incur a minimum fee of $4.99 per trade. However, some users have expressed concerns about high currency conversion fees.

　　Leverage: The maximum leverage offered by Innovest is 1:5, which is relatively low compared to other brokers in the market. This may limit the potential for higher returns, especially for experienced traders who prefer higher leverage options.

　　Allowed Trading Platforms: Traders can utilize several platforms, including the InnovestX app, TradingView, and Settrade Streaming, which provide advanced charting tools and real-time market data.

　　Restricted Regions: While Innovest primarily serves clients in Thailand, it is not available in certain jurisdictions, including the United Kingdom, which may limit its accessibility for international traders.

　　Available Customer Service Languages: Innovest offers customer support primarily in Thai and English, but many users have reported slow response times and limited availability outside of business hours.

　　

Repeated Ratings Overview

Category	Score (out of 10)
Account Conditions	6.5
Tools and Resources	6.0
Customer Service and Support	5.5
Trading Setup (Experience)	6.2
Trustworthiness	5.0
User Experience	6.3
Regulatory Compliance	4.0

　　

Detailed Breakdown

　　Account Conditions: Innovest's account conditions are generally favorable, with a variety of account types catering to different trading strategies. However, higher minimum deposits for margin accounts can be a barrier for novice traders.

　　Tools and Resources: While Innovest provides access to advanced trading platforms and analytical tools, the lack of educational resources and training programs is a drawback, particularly for beginners.

　　Customer Service and Support: User feedback indicates that customer service is a significant area for improvement. Many users have reported long wait times for responses, and the absence of live chat support can be frustrating.

　　Trading Setup (Experience): The trading experience on Innovest is generally smooth, with reliable execution speeds and a user-friendly interface. However, the limited leverage may deter more aggressive traders.

　　Trustworthiness: Innovest's regulatory status is a concern, as it lacks tier-1 regulation and investor protection measures. Users should exercise caution and conduct thorough research before engaging with this broker.

　　User Experience: Overall, user experiences with Innovest are mixed, with some praising its platform and asset variety, while others express dissatisfaction with customer service and regulatory concerns.

　　Regulatory Compliance: The lack of tier-1 regulation and limited investor protection measures raises significant concerns about the safety of client funds and adherence to industry standards.

　　In conclusion, while Innovest has strengths in its asset offerings and trading platforms, potential clients should carefully consider the regulatory landscape and user experiences before proceeding. This Innovest review highlights the importance of thorough research and due diligence in the selection of a broker.