INNO Trade Review

About INNO Trade

INNO Trade is operated by Lissome Group LLC, a company registered in Kingstown, Saint Vincent and the Grenadines (registration number 1994 LLC 2022) via SVG FSA, which does not issue licenses for forex brokers. No valid financial regulation has been identified from recognized authorities such as FCA, ASIC, CySEC, CFTC/NFA, BaFin, etc. ()

The Spanish regulator Comisión Nacional del Mercado de Valores (CNMV) issued an official warning on 16 January 2023 stating that INNO Trade is not authorized to provide investment services. ()

The broker promotes account types with a minimum deposit of $250, high leverage up to 1:500, and spreads reported up to 3 pips. The trading platform is a basic web-based interface; no advanced platforms like MetaTrader 4/5 are offered. ()

Pros and cons

Pros

• Offers various account types starting from a $250 minimum deposit. ()
• Provides high leverage options up to 1:500. ()
• Access to multiple asset classes including forex, commodities, crypto, stocks, indices, and bonds. ()

Cons

• Completely unregulated by any reputable financial authority. ()
• Subject to an official warning by CNMV for unauthorized provision of investment services. ()
• Headquartered in St. Vincent & the Grenadines—a jurisdiction known for insufficient regulatory oversight. ()
• High spreads (up to 3 pips on EUR/USD) and leveraged trading increase cost and risk. ()
• Reports of withdrawal issues, unspecified high withdrawal fees, and potentially manipulative bonus policies. ()
• Basic web-based platform without support for Expert Advisors or advanced trading tools. ()