Forex innovestx Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.4

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.6

Business 0.9

Risk Control 1.2

Software 1.9

Regulatory 1.4

Terminal Snapshot

innovestx Trading Conditions

Registered Region Thailand

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email Innovestx_contact@scb.co.th

Contact Number +6629491999

Website www.innovestx.co.th

Balanced Review

Pros & Cons

Pros

Variety of trading instruments including Forex and commodities
Access to popular trading platforms MT4 and MT5
Flexible account types for different trader profiles
Low minimum deposit requirement of 50 THB
Multiple deposit and withdrawal options available

Cons

Unregulated broker with no oversight
Limited product range, lacking stocks and cryptocurrencies
Fees and commissions not clearly defined
Withdrawal limits may hinder access to funds
Customer support availability during business hours only

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	innovestx	CGSI	Pi Securities	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Thailand	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does innovestx Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Access to major currency pairs and commodities	Suitable for small-capital practice
Professional Account	Experienced traders	Potential for higher leverage and advanced trading options	May require trading volume qualifications
Demo Account	New traders	Practice trading without financial risk	Ideal for testing strategies and platform navigation

Account Opening Process

To open an account with innovestx, traders will need to provide personal information, employment details, and financial information. This includes identity verification through an identification document and proof of address. The account structure is flexible, allowing for potential upgrades to a professional account as trading experience and volume increase.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	Varies	Standard spreads apply
Commodities (Gold, Oil)	Varies	Varies	Subject to market conditions
CFDs (Stocks, Indices)	N/A	N/A	Not available
Cryptocurrencies	N/A	N/A	Not available

Other Fees

Additional costs may include deposit and withdrawal fees, which depend on the payment method chosen. There may also be inactivity fees for dormant accounts, platform usage fees if applicable, overnight interest (swap rates), and currency conversion fees for transactions involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

innovestx User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

Bangkok

★ ★ ★ ★ ★

I faced a lot of issues with withdrawals. The process took longer than expected, and customer support was not very helpful. I felt frustrated and concerned about my funds.

Samantha Lee

Chiang Mai

★ ★ ★ ★ ★

I appreciate the variety of trading instruments offered by Innovestx. The MT4 platform is easy to use and provides the tools I need for my trading strategies. Overall, a solid experience.

Michael Tan

Phuket

★ ★ ★ ★ ★

The lack of regulation made me very uneasy. I tried to reach customer service for assistance but struggled to get timely responses. I would not recommend this broker to anyone.

Emily Wong

Bangkok

★ ★ ★ ★ ★

My experience with Innovestx has been positive. The platform is fast, and I was able to start trading with a low minimum deposit. The features of MT4 are great for my trading needs.

Thailand Market