Innovation Trading FX – Broker Review

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Innovation Trading FX

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The United Kingdom’s Financial Conduct Authority has issued a warning against Innovation Trading FX in October 2023

Innovation Trading FX is a forex broker that claims to offer low spreads, fast execution, and a variety of trading instruments. But is it a reliable and trustworthy broker, or a scam that should be avoided? In this review, we will examine the features, advantages, and disadvantages of Innovation Trading FX, and help you decide if it is worth your time and money.

Features of Innovation Trading FX

Innovation Trading FX is a forex broker that offers trading on various currency pairs, commodities, indices, and cryptocurrencies. The broker has a web-based trading platform that is compatible with any device and browser. The platform has a simple and user-friendly interface, with various tools and indicators to help traders analyze the market and execute their trades.

Some of the features of the platform include:

  • One-click trading
  • Multiple chart types and timeframes
  • Customizable indicators and drawing tools
  • Market news and economic calendar
  • Trading signals and alerts
  • Copy trading and social trading

Innovation Trading FX also offers a mobile app for iOS and Android devices, which allows traders to access their accounts and trade on the go. The app has similar features as the web platform, with a sleek and intuitive design.

The broker claims to offer low spreads, starting from 0.1 pips on major currency pairs. The broker also claims to have no commissions or hidden fees, and to provide fast execution and low latency. The broker supports various payment methods, such as credit cards, bank transfers, e-wallets, and cryptocurrencies. The minimum deposit required to open an account is $250.

Advantages of Innovation Trading FX

  • A wide range of trading instruments
  • A user-friendly web platform and mobile app
  • Low spreads and no commissions
  • Various payment options
  • Copy trading and social trading features

Disadvantages of Innovation Trading FX

  • Lack of regulation and transparency
  • No MetaTrader 4 or 5 support
  • Limited customer support
  • High withdrawal fees and charges
  • Negative reviews and complaints from customers

Is Innovation Trading FX a scam or legit?

The most important factor to consider when choosing a forex broker is whether it is regulated and licensed by a reputable authority. Regulation ensures that the broker follows certain rules and standards, such as keeping client funds in segregated accounts, providing fair and honest services, and adhering to anti-money laundering and consumer protection laws.

Unfortunately, Innovation Trading FX does not provide any information about its regulation or license on its website. The broker does not disclose its company name, address, or contact details. The only way to reach the broker is through an online form or an email address. This raises serious doubts about the legitimacy and credibility of the broker.

Moreover, there are many negative reviews and complaints from customers who have traded with Innovation Trading FX. Some of the common issues reported by customers are:

  • Difficulty in withdrawing funds
  • Unresponsive customer service
  • Manipulation of prices and spreads
  • Unauthorized charges and deductions
  • Account closure without explanation

These are typical signs of a scam broker that tries to lure customers with attractive offers, but then makes it hard for them to withdraw their money or profit from their trades. Therefore, we advise you to be very careful when dealing with Innovation Trading FX, and avoid investing your money with this broker.

Conclusion

Innovation Trading FX is a forex broker that offers a variety of trading instruments, a web platform, and a mobile app. However, the broker is not regulated or licensed by any authority, and has many negative reviews and complaints from customers. We do not recommend trading with Innovation Trading FX, as it is likely a scam that will put your money at risk.

What to Do If You’ve Lost Money with Innovation Trading FX?

If you have been scammed by Innovation Trading FX or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.