According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- THB 1- 500,000
- TradingView
- Settrade Streaming
- InnovestX App
- Fund Connext
- 1:5
- Access to Thai and International securities exchanges
Our Evaluation of InnovestX Securities
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
InnovestX Securities is a moderate-risk broker with the TU Overall Score of 6.2 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by InnovestX Securities clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
InnovestX Securities provides access to Thai exchanges and international financial markets through well-established electronic platforms and proprietary mobile applications.
Brief Look at InnovestX Securities
InnovestX Securities is a stockbroker founded in 1995 in Thailand. It is part of the major financial conglomerate SCBX Group, which also includes Siam Commercial Bank, one of the oldest banks in Thailand. InnovestX Securities is registered as a member of the Thailand Stock Exchange (SET) and the Thailand Futures Exchange (TFEX). Its activities are regulated by the Securities and Exchange Commission of Thailand (SEC), and Thai clients' investments are protected by the Securities Investor Protection Fund (SIPF). InnovestX Securities offers services in securities, derivatives, cryptocurrency trading, investment in model portfolios and mutual funds, and asset borrowing and lending.
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- Licenses for a wide range of services in the stock market and cryptocurrency sector.
- Access to major Thai exchanges, SET (securities) and TFEX (derivatives), as well as the Market for Alternative Investment (MAI).
- Advanced platforms are available on 31 exchanges for trading stocks of international companies.
- Lower commissions for higher trading volumes.
- A convenient proprietary mobile app, InnovestX, for trading and portfolio management on the go.
- Access to cutting-edge technical platforms such as TradingView and Settrade Streaming.
- A variety of investment solutions tailored to different trader needs and levels of available capital.
- Trading with a credit limit is only possible after depositing at least THB 300,000.
- The broker charges high fees for currency conversion.
- The company currently does not conduct training seminars or webinars.
TU Expert Advice
Financial expert and analyst at Traders Union
InnovestX Securities is a company specializing in providing a wide range of services in the financial markets. It works with both individual and corporate clients. Key aspects of its operations include trading in securities, derivatives, and digital currencies, along with investments in funds, portfolio management, and advisory services.
The company offers clients access to various investment instruments and markets, helping them diversify their portfolios and manage risks. InnovestX Securities also provides traders with market information and analysis to assist them in making informed investment decisions. All services are provided under licenses issued by the Thai regulator.
InnovestX Securities offers several account types to suit different strategies, allowing trading with personal funds as well as with collateral and leverage. Specialized accounts are also available for trading stocks listed on international exchanges such as the NYSE, AMEX, NASDAQ (U.S.), HKEX (Hong Kong), LSE (UK), ASX (Australia), SSE, and SZS (China), among others. For derivative financial instruments, InnovestX Securities' clients can trade on the Thailand Futures Exchange (TFEX), with available transactions in exchange-traded options and futures. Access to foreign derivatives markets is not provided.
InnovestX Securities Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | Settrade Streaming, InnovestX App, TradingView, Fund Connext |
|---|---|
| 📊 Accounts: | Cash Balance Account, Cash Account, Credit Balance Account, TFEX Futures Account, Offshore Account |
| 💰 Account currency: | THB, USD, EUR, GBP, HKD, and other currencies |
| 💵 Deposit / Withdrawal: | Bank transfers, and ATS (Automatic Transfer System) |
| 🚀 Minimum deposit: | From THB 1- 500,000 depending on the account type |
| ⚖️ Leverage: | 1:5 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Fractional share |
| 💱 EUR/USD spread: | Exchange spread |
| 🔧 Instruments: | Equities, stock indices, Mutual Funds, cryptocurrencies, DRx, debt instruments, bonds, derivative assets (futures and exchange-traded options), ETFs |
| 💹 Margin Call / Stop Out: | 150%/50% |
| 🏛 Liquidity provider: | Siam Commercial Bank |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Exchange Execution |
| ⭐ Trading features: | Access to Thai and International securities exchanges |
| 🎁 Contests and bonuses: | Yes |
The trading assets offered by InnovestX Securities include bonds, futures contracts, exchange-traded options, and debt instruments. Through the broker, you can invest in the stocks of over 10,000 companies from Thailand and around the world. International trading is conducted on major exchanges in the U.S., Canada, Europe, and Asia. Since 2022, InnovestX Securities has been offering trading in the most liquid and stable digital assets. Currently, trades with 26 cryptocurrencies are available.
InnovestX Securities Key Parameters Evaluation
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Trading Account Opening
To create a user account with InnovestX Securities, open an account with the broker. This can be done through the InnovestX mobile app, the QR code for downloading which, is available on the company's official website.
After installing the app on your smartphone, click on the "Sign Up" button. Then agree to the terms of service, enter your email, phone number, and ID card details.
Next, enter the OTP code received via SMS and verify your identity. This can be done through SCB EASY (the Siam Commercial Bank app) or by using the NDID digital identification system. After that, create a PIN code to protect your account and link your personal bank account to the ATS.
The InnovestX app provides the following information:
Additional features of InnovestX Securities’ user account allow traders to:
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Manage funds through the wallet, including depositing funds and withdrawing profits.
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Create reports on the client's trading activity.
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Create a customizable portfolio.
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Individual recommendations on trading instruments based on investor profile data.
Regulation and safety
InnovestX Securities is a member of the Stock Exchange of Thailand (SET) and the Thailand Futures Exchange (TFEX). Additionally, the broker participates in the Securities Investor Protection Fund (SIPF), ensuring that each client's investments are protected up to THB 1,000,000. Traders can demand a refund of their invested funds or securities if the broker goes bankrupt or fails to fulfill its obligations.
InnovestX Securities holds six license types for securities-related services and two licenses as a futures broker, issued by the Securities and Exchange Commission of Thailand (SEC). In 2021, InnovestX Securities became a licensed broker for digital assets.
Advantages
- Client investments with InnovestX Securities are protected by SIPF.
- Financial reports on the broker's activities are published on the regulator's website.
- Membership in SET and TFEX allows the company to provide direct access to them for clients.
Disadvantages
- Only individual traders from Thailand fall under the SIPF scheme.
- The regulator restricts the list of available cryptocurrency assets.
- Trading on margin accounts requires a significant investment, starting from THB 300,000 to THB 500,000.
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Cash Account | 0.127% of the transaction amount, but not less than THB 50 per day | No fee for THB Withdrawals |
| Cash Balance Account | 0.107% of the transaction amount, but not less than THB 50 per day | No fee for THB Withdrawals |
A 7% VAT (Value-Added Tax) is applied to each transaction involving Thai securities and derivatives. Traders also pay a commission to the SET stock exchange of 0.005%, and the SEC regulator of 0.001%. Clearing and delivery fees for securities are 0.001% of the trader's daily turnover.
Account types
InnovestX Securities offers several ways to open an account, including by using the InnovestX app, at Siam Commercial Bank branches, or via the SCB Easy app. Here's a brief overview of each available account type.
Account types:
For trading international stocks, an Offshore Account is available. Traders gain access to this account after opening one of the basic securities accounts.
InnovestX Securities aims to be a comprehensive stockbroker by providing access to various investment instruments and markets based on clients' strategies and needs.
Deposit and withdrawal
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Client profits from trading are withdrawn by the company to their bank account. The trader submits a withdrawal request through their InnovestX mobile app account or Siam Commercial Bank, after which the funds are transferred via a bank transfer. Withdrawals are also possible through the ATS.
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Clients cannot withdraw funds to a card.
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There is no withdrawal fee for THB imposed by the broker.
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If a trader trades on international exchanges and withdraws foreign currency, a commission of THB 1,200 is deducted from each transaction. If foreign currency is converted into baht, the conversion fee is THB 0 for USD and HKD, and THB 800 for other currencies.
Investment Options
InnovestX Securities is a broker with active licenses for providing investment advisory and capital management services. Each client can choose a product or service that aligns with their financial goals and capabilities. Beginners can fully automate the process of buying or selling securities and managing their portfolio by entrusting these actions to professionals or AI (Artificial Intelligence).
Passive income tools offered by InnovestX Securities
This broker recognizes that each client has a unique risk tolerance and available capital. Therefore, it offers solutions for investors with different strategies and levels of knowledge. For medium- and long-term investing, InnovestX Securities clients can use:
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Mutual Funds. These investment funds are designed to gather money from many investors to invest in a diversified portfolio of assets. The broker offers access to over 1,800 funds, including international ones in the U.S., Japan, and China. Investors pay a management fee and a registration fee. Additionally, a performance fee is charged on the profit.
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Intelligent Portfolios. This service involves developing an investment plan based on the investor’s acceptable risk level, with automatic buying/selling of mutual funds and portfolio adjustments. The minimum investment amount for Intelligent Portfolios is THB 5,000.
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Algo Invest. This service is for the automatic buying/selling of securities based on pre-configured algorithms. There are two models available: ENMO which includes large, liquid stocks with a growth trend; and Bear Buster with individual stocks from the SET100 index, selected through a combination of technical and fundamental analysis. The minimum investment amount is THB 500,000.
For beginners, InnovestX Securities recommends starting with investments in Mutual Funds. The mutual fund's investment portfolio is managed by a professional manager who makes decisions on fund allocation according to the fund's strategy. Each Mutual Fund has its investment style and goals, allowing investors to choose funds that match their needs and risk tolerance.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
InnovestX Securities’ Partnership Programs:
Partnership programs are not available.
Customer support
The company operates from 8:30 to 17:30 (GMT+7). During this time, its employees provide remote support and service clients in offices.
Advantages
- Own call centre
- Forms for assistance requests via email and phone are available
Disadvantages
- There is no Live Chat
- Saturday and Sunday are days off
If a trader needs support, they can seek help or request consultation through the following methods:
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Email;
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Phone;
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Fax;
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Feedback form;
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Reach out via social media platforms such as Facebook, X (formerly Twitter), and Instagram.
The bot on Facebook Messenger
Contacts
| Registration address | InnovestX Securities Co., Ltd, SCB Park Plaza No. 18, Tower 1, 2nd Fl., 19 Tower 3, 2nd Fl., and 20th Fl. Ratchadapisek Rd., Chatuchak, Chatuchak Bangkok 10900 |
|---|---|
| Regulation | SEC |
| Official site | https://www.innovestx.co.th/ |
| Contacts |
0 2949 1999
|
Education
The InnovestX Securities website offers various investment training formats. Video tutorials explaining important concepts are available in the InnovestX Academy section.
The InnovestX Securities website publishes signals for popular trading instruments among investors. These signals help beginner traders analyze the market and reduce overall risks.
Detailed Review of InnovestX Securities
InnovestX Securities is one of the oldest stockbrokers in Thailand, continually expanding its clients' investment opportunities and improving its services. It was among the first brokers to receive permission from the SEC to offer cryptocurrency trading services. InnovestX Securities is a reliable financial company with a team of professional analysts, investment advisors, and asset managers.
InnovestX Securitiesby the numbers:
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Founded over 25 years ago.
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Holds 12 licenses from the Thai SEC.
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Has received over 45 awards.
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Clients can trade on 31 exchanges in 23 countries.
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Provides access to over 1,800 mutual funds managed by 21 of the largest companies in Thailand.
Innovestx Securities is a broker with advanced technological solutions for comfortable and efficient investing
Clients of InnovestX Securities can use Efin Mobile to view technical indicators, the SCB Easy app for real-time money transfers, and advanced tools for trading on TFEX. Additionally, Fund Connext, the SET trading system designed for investing in funds, is available. Trading Thai securities is conducted on Settrade Streaming, the SET exchange platform, and proprietary platforms like the InnovestX App. The broker's proprietary platforms also support trading U.S. and Hong Kong stocks.
The broker provides clients access to trading through the TradingView platform, integrating it with its proprietary trading systems. After linking an InnovestX Securities account to TradingView, traders gain access to advanced technical analysis tools and international stock trading.
InnovestX Securities’ analytical services:
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Inno Radar. An app for tracking real-time fundamental and technical data on stocks, featuring price alert options, and signal notifications based on investor-set criteria.
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YouTube channel. New videos are posted daily with analysis, investment ideas, and advice for traders of different skill levels. Experts from InnovestX Securities also host podcasts.
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Market Analysis. Daily market reviews of Thai and international stocks, cryptocurrencies, and TFEX-traded derivatives are published on the broker's website. The investment strategies section is regularly updated.
Advantages:
Wide range of trading instruments.
Professional technical support.
Competitive commissions for stocks on various markets.
Online account opening.
Quality analytical data and investment ideas.
InnovestX Securities not only executes clients' trades on exchanges but also provides comprehensive support for trading and market analysis.
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