Forex Brokers

Innova Equity Corporation

1.5 (13 reviews)
🇦🇺 Australia
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1.5
13 reviews
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About Innova Equity Corporation

Innova Equity Corporation has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +86 21 6335 1377, fax +86 21 6335 1337

Addresses: 18th Floor Bund Centre 222 Yanan Road East Shanghai China; Other offices in London and Dubai. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.innovaequity.com.

Customer Reviews

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The fine print will get you

D
Dean R.
1 months ago

I referred a friend to Innova Equity Corporation through word of mouth in my investment club. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Dividend tracking|Instant funding|Demo account available|Automated trading options

Cons: Could offer more webinars

Balance went negative they want it back

L
Lauren P.
2 months ago

I am in a dispute with Innova Equity Corporation over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Fast support response|Automated trading options|Good mobile app|Tax reports included

Cons: No phone support on weekends|Withdrawal takes 1-2 business days

They hold your money hostage

F
Frank A.
2 months ago

I signed up with Innova Equity Corporation after hearing about them at a conference and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Automated trading options|Portfolio tracking tools|Real-time alerts

Cons: Live chat only during business hours

No way to escalate complaints

E
Ethan M.
2 months ago

I requested my data from Innova Equity Corporation under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.

Pros: Social trading features|Quick verification

Cons: Desktop app not available on Linux|Alert system is basic

Do yourself a favor and skip Innova Equity Corporation

E
Ethan J.
2 months ago

The onboarding at Innova Equity Corporation was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.

Pros: Multi-currency support|Quick verification|Competitive fees

Cons: Nothing significant

They are hiding something

I
Iris Z.
5 months ago

The platform at Innova Equity Corporation is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for roughly four months of dealing with this, I have had enough.

Pros: Responsive team|API access|Copy trading available|Clean UI

Cons: Help articles are sometimes vague

Not even close to acceptable

E
Emma P.
5 months ago

Do not use Innova Equity Corporation for anything serious. I used them for just over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Personal attention|Reliable uptime

Cons: Email notifications too frequent

Data breach and they did not notify us

C
Carl F.
6 months ago

What really bothers me about Innova Equity Corporation is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them when my bank disappointed me and I searched for alternatives and I fell for the polished exterior. Never again.

Pros: Competitive fees|Market news feed|Clear documentation|Smooth onboarding

Cons: Minimum deposit could be lower

Closure fee on top of everything

S
Steven C.
7 months ago

I closed a profitable position at Innova Equity Corporation and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.

Pros: Good mobile app|Personal attention|Smooth onboarding|Easy withdrawals

Cons: Research section could be deeper|Desktop app not available on Linux

Customer service does not exist

E
Elizabeth H.
8 months ago

Innova Equity Corporation seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Easy withdrawals|Market news feed|Wide product range|Segregated accounts

Cons: Research section could be deeper