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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Innovafx

United Kingdom United Kingdom | 1-2 years |
Suspicious Regulatory License | Self-developed | Suspicious Scope of Business | High potential risk

https://www.innovafx.com

Website

Rating Index

Influence

Influence

D

Influence index NO.1

India India 2.55
Surpassed 13.60% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+91 72918 33927
https://www.innovafx.com
Ground Floor, the Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region
United Kingdom
Operating Period
1-2 years
Company Name
InnovaFX
Customer Service Email Address
support@innovafx.com
Contact Number
+917291833927
Related Software
Biz Area
Website
Company Summary
Wiki Q&A
Comment
MT4/5

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Trading App
All 2
iOS 1
Android 1
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Official Website

Website

  • innovafx.com
    13.234.132.105
    Server Location
    India India
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Review summary

InnovaFX is an unregulated entity that presents a high-risk profile and warrants a severe risk warning for potential investors. Registered in the United Kingdom, the broker has been operational for only 1-2 years. Critically, it holds no valid authoritative forex trading licenses from any recognized regulatory body such as the UK's FCA, which means client funds operate without the protections of segregated accounts or compensation schemes typical of regulated markets. The firm's overall WikiFX score of 1.36 reflects this profound lack of credible financial oversight. Consequently, engaging with InnovaFX involves accepting a severe level of counterparty risk. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-22)

Keywords

  • 1-2 years
  • Suspicious Regulatory License
  • Self-developed
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is Innovafx safe to trade with?

InnovaFX is an unregulated entity posing a high risk and warrants a severe risk warning. It operates without any valid forex trading licenses from recognized authorities, meaning it lacks the standard client fund protections like segregated accounts and investor compensation schemes, which creates an elevated level of counterparty risk.

13h
United States

What is the regulatory status of Innovafx?

InnovaFX holds no regulatory licenses from major financial authorities such as the UK's FCA, and its operating status in the United Kingdom lacks credible financial oversight.

13h
United States

When was Innovafx established?

InnovaFX is a relatively new entity, having been established and operational for approximately 1-2 years.

13h
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

12h
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

12h
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

12h
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

12h
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

12h
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com