About Innovest
Overview
Innovest is a company registered in New Zealand as of August 25, 2020, operating under the domain innovestltd.com. The entity presents itself as a financial services provider, but independent verification of its exact business model remains limited due to a lack of publicly available information beyond its corporate registration.
In the context of FXCanary’s review, Innovest has been assigned a Scam Risk Score of 51 out of 100, indicating an elevated level of caution for potential clients. This score reflects the absence of verifiable regulatory oversight and the opaqueness of its operations.
Regulation and Licensing
Based on official records, Innovest does not hold any financial services license from a recognized regulatory authority. The company’s registration in New Zealand does not equate to regulatory supervision by entities such as the Financial Markets Authority (FMA) or the Reserve Bank of New Zealand.
Without a credible regulatory license, clients have no guaranteed protections such as compensation schemes, dispute resolution services, or mandatory segregation of client funds. This regulatory vacuum is a primary factor behind the elevated risk score assigned to Innovest.
Account Types and Platforms
No specific account types or trading platforms have been disclosed in verifiable public sources associated with Innovest. The company’s website, innovestltd.com, does not provide clear information about the trading conditions, leverage, or spreads offered.
Prospective users should approach with caution, as the lack of transparency about account offerings makes it difficult to assess the suitability or costs of any potential trading relationship.
Instruments and Products
There is no confirmed list of financial instruments or trading products available through Innovest. While the company’s name and domain suggest a potential focus on investment or trading, the absence of detailed product information means that traders cannot verify whether their preferred assets—such as forex pairs, CFDs, commodities, or cryptocurrencies—are offered.
FXCanary advises that any representation of product availability should be independently confirmed through direct communication with the broker, given the current lack of documentary evidence.
Funding and Withdrawal Methods
Details regarding deposit and withdrawal methods for Innovest are not publicly available from known sources. Without this information, traders cannot assess the convenience, speed, or associated fees of funding an account.
The absence of transparent payment policies is a common red flag in unregulated entities, as it may lead to unexpected difficulties in accessing funds. Potential clients should exercise extreme caution before committing any capital.
Target Audience
Given the lack of a clear regulatory framework and the limited public profile, Innovest appears to target traders who are either unaware of the risks associated with unregulated brokers or who actively seek high-risk opportunities. The company does not provide sufficient information to attract institutional or professional traders with stringent compliance requirements.
Retail traders, especially those new to forex and CFD trading, are strongly advised to avoid unregulated entities and instead choose brokers with established regulatory oversight from reputable jurisdictions.
Overview compiled by FXCanary from regulatory records and public data. full Innovest review