Forex Blog

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Fresh New Broker Without Reputation or Regulation

March 29, 2010 by

Fx Innova is the latest Forex broker, which description was added to It’s a very new MetaTrader 4 broker that has launched on March 25. It’s based in BVI and isn’t regulated by any authority yet. This fact may change in future, but currently it has no reputation and no regulation and thus should be considered a rather risky choice as a Forex broker. I wouldn’t recommend to jump into a real trading with them with the money that you can’t afford to lose, but unfortunately the minimum account size is quite high — $500.

FxInnova doesn’t provide very interesting trading conditions, but here’s the list features:

  • Variable spread is quite low — 0.7–1.8 pips on EUR/USD.
  • Deposit/withdrawal only via wire transfer.
  • Micro-Forex trading is allowed.
  • Scalping and usage of any MT4 EAs is allowed.
  • Leverage up to 1:200

If you have any questions or comments regarding Fx Innova broker, please, feel free to reply using the form below.

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