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INNO Trade

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Operating status: SCAM

Website: https://innotrade.io/ ; https://innotrade.co/

Broker violations and abnormal records
  • 2023-01-15 The Spain CNMV Added INNO Trade into Its Warnings

    On 16 Jan 2023, the Comisión Nacional del Mercado de Valores(CNMV) issued a warning against INNO Trade for not being authorized to provide the investment services. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On 16 Jan 2023, the Comisión Nacional del Mercado de Valores(CNMV) issued a warning against INNO Trade for not being authorized to provide the investment services. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2023-01-18 BrokersView has Reviewed that INNO Trade is an Unregulated Forex Broker

    INNO Trade claims to be owned and operated by Lissome Group LLC, a company registered in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 1994 LLC 2022. We indeed found a match result to Lissome Group LLC in SVG FSA, but please be informed that SVG FSA is not a financial regulator that issues licenses for forex brokers or regulates entities engaging in forex. Having registration does not mean having any valid regulations.

    More importantly, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning against INNO Trade for not being authorized to provide the investment services. The truth is that INNO Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    INNO Trade claims to be owned and operated by Lissome Group LLC, a company registered in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 1994 LLC 2022. We indeed found a match result to Lissome Group LLC in SVG FSA, but please be informed that SVG FSA is not a financial regulator that issues licenses for forex brokers or regulates entities engaging in forex. Having registration does not mean having any valid regulations.More importantly, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning against INNO Trade for not being authorized to provide the investment services. The truth is that INNO Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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