Forex Brokers

Innovateaussie (innovateaussie.com)

1.4 (14 reviews)
🇦🇺 Australia
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1.4
14 reviews
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About Innovateaussie (innovateaussie.com)

Innovateaussie (innovateaussie.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 1800123456

Addresses: 123 Finance Street Sydney NSW 2000 Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: innovateaussie.com.

Customer Reviews

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My account was compromised and they did nothing

N
Nathan H.
2 weeks ago

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Innovateaussie (innovateaussie.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Economic calendar|Smooth onboarding|Intuitive for beginners

Cons: Slow to add new assets|No phone support on weekends

Webinars are product pushes

S
Simon W.
3 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Innovateaussie (innovateaussie.com) is disorganized and incompetent. I found them after my brother mentioned them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Educational resources|Regular updates|Full transparency|Multi-device support

Cons: Limited social trading features|Onboarding videos are outdated

Avoid at all costs

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Lindsey P.
3 months ago

Innovateaussie (innovateaussie.com) 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: Risk management tools|Competitive fees

Cons: Wish they had more educational resources

They target inexperienced users

M
Melody R.
4 months ago

Innovateaussie (innovateaussie.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.

Pros: Clean UI|Fast deposits|Risk management tools

Cons: Minor UI glitches occasionally|Limited ETF selection

Save yourself the trouble

W
Wesley I.
4 months ago

Innovateaussie (innovateaussie.com) locked my account without warning and demanded documents I had already submitted. for a few weeks now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Educational resources|Helpful community forum|Social trading features

Cons: Onboarding videos are outdated

Would not recommend to others

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Lauren R.
5 months ago

If you are reading this considering Innovateaussie (innovateaussie.com) - run. I wish I had read more negative reviews after comparing multiple platforms. I thought the positive ones were real. Maybe some are. My experience over since I opened my account last year has been so bad I feel obligated to warn others. Do not make my mistake.

Pros: Helpful community forum|Automated trading options|Good mobile app

Cons: Limited ETF selection|Wait times can be long during peak hours

They deleted my negative review

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Jake A.
5 months ago

I have been trying to close my account with Innovateaussie (innovateaussie.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: API access|Fast deposits|Wide product range

Cons: No crypto staking|Help articles are sometimes vague

Stop loss not honored

N
Noah A.
5 months ago

I signed up with Innovateaussie (innovateaussie.com) from a blog post comparing services 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: Multi-device support|API access

Cons: Limited social trading features|Withdrawal takes 1-2 business days

An absolutely appalling service

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Laura K.
6 months ago

After since the beginning of the year with Innovateaussie (innovateaussie.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.

Pros: Real-time alerts|Demo account available|Good mobile app

Cons: None so far

Regret choosing Innovateaussie (innovateaussie.com)

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Christopher C.
6 months ago

I had a dispute with Innovateaussie (innovateaussie.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.

Pros: Dividend tracking|Multi-device support|Market news feed|API access

Cons: Alert system is basic|No crypto staking