INNOVATION TACT has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". 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.innovation-tact.com.
My withdrawal from INNOVATION TACT was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over a year of being strung along.
Pros: Easy withdrawals|Instant funding|Helpful community forum
Cons: None so far|No fractional shares
I want to warn everyone about INNOVATION TACT. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
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. INNOVATION TACT said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Educational resources|Reliable uptime|Smooth onboarding
Cons: No integrated tax optimization|Nothing significant
I closed a profitable position at INNOVATION TACT 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: Wide product range|Excellent charting|Good analytical tools
Cons: Withdrawal takes 1-2 business days
INNOVATION TACT 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: Competitive fees|Full transparency
Cons: No phone support on weekends
I requested my data from INNOVATION TACT 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: Portfolio tracking tools|Fast support response|Easy to use platform|Detailed reporting
Cons: Currency conversion fee exists|Website design could be more modern
I had a dispute with INNOVATION TACT 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: Multi-currency support|Demo account available
Cons: Nothing significant
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that INNOVATION TACT has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
The mobile app from INNOVATION TACT is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Multi-device support|Low minimum deposit|Social trading features|Two-factor authentication
Cons: Could offer more webinars
The platform at INNOVATION TACT is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over a year of dealing with this, I have had enough.
Pros: Good mobile app|Transparent fees|No hidden fees
Cons: Live chat only during business hours