Many brokerage firms simply lie about their licenses, office addresses, and guarantees of reliability. However, we strive to conduct thorough investigations to expose such fraudulent companies. That’s why we invite you to the Innovative CW review, where we will talk about a broker boasting an office in the UK and supposedly offering safe brokerage services in financial markets.
Key Features
- Company Name: Innovative CW
- Website: https://innovative-cw.io/
- Available Contacts: [email protected], +442037583257
- Foundation: 2024
- Services: CFD Trading
- License: No
- Initial Deposit: €250
From Sign-Up to Payout
There’s a group of fraudulent brokerage projects whose websites look exactly the same. This immediately raises the question — is this just a coincidence, or is this broker also part of that group of scammers? The goal of this Innovative CW review is to find out.
The website doesn’t stand out in any way. It features a typical layout with main sections that offer little useful or concrete information but plenty of meaningless paragraphs, leaving users wasting time and gaining nothing of value. Like most similar firms, it boasts pseudo-benefits but reveals minimal details about itself. It’s also worth noting that the website is only available in English.
Let’s try to learn more by registering an account on innovative-cw.io. The registration process is standard; you need to provide your name, contact details, country, and an optional promo code. After that, without email verification, the personal cabinet opens.
Unfortunately, nothing can be accessed as Innovative CW requires identity verification. They simply inform you that the account has not been created yet, and for that, you need to contact support managers.
It’s better not to proceed with verification prematurely. First, ensure that the broker is operating legally so you can be sure your personal data will be stored securely and without leaks. Otherwise, handing over your details to scammers risks putting your information in the wrong hands.
The broker doesn’t even show how deposits can be made. You are left to trust that the site mentions credit/debit cards and e-wallets.
Our Trading Experience With Innovative CW
There’s no point in creating a personal account because you can’t even access the terminal. The company ties traders’ hands from the start, requiring them to first talk to a manager and complete identity verification.
It’s good that the broker provided some information about the terminal on the site in the “platform” section. The software is available not only in web format but can also be downloaded to a computer (Windows only) and a smartphone (Android only). For some reason, there’s no app for other operating systems. In short, it’s some custom-made terminal, and it’s unclear what its rating is or what features it offers.
We recommend against downloading programs from unknown sources. You could easily end up with a dangerous virus. It’s better to download programs only from official sources. For example, for smartphones, use the official App Store or Play Market.
The Reality Check
Alright, we’ve taken a look at the basic website and realized that the platform offers nothing impressive. But what about the company’s legitimate status? This section of the Innovative CW review is dedicated to that topic. Let’s dive in.
Unlike most scammers, the company actually provides a detailed address for its headquarters. It’s listed in the United Kingdom, which means we should turn to the Companies House and Financial Conduct Authority (FCA) registers for verification.
A key tip for beginners: always independently verify registration details and licenses. Never trust what’s written on a website at face value. It could be deception and fake information.
First, we’ll check the FCA to see if the firm has a license. We go to the registry’s website at register.fca.org.uk and search by name. Unfortunately, nothing is found, which means the broker is operating illegally.
Why doesn’t a British intermediary have a license? It looks strange. Perhaps it’s because such a company doesn’t actually exist in the UK? This can be checked through the Companies House register. And indeed, Innovative CW is not registered in this country. Check out the screenshot below, or try verifying it yourself.
So, we’ve figured it out. The broker is operating illegally. Not only is it unregulated, but it’s also not legally registered. The legal address is simply a fake.
How Long Has Innovative CW Been in the Game?
How long do you think this company has been around? Here’s a hint — not long at all, because such firms open and then quickly shut down. Scammers just need to create a website, and that’s it — they don’t even legally register their organization.
We’ll show you how to check how long the platform has existed. By using a special service, you can check the domain registration date. In our case, the domain innovative-cw.io was registered on July 10, 2024.
Extra Fraud Indicators
Somehow, more than 250,000 traders are supposedly trading here — if you believe the information on the official website. Of course, you shouldn’t believe it, because it’s easy to figure out that if the company is only two months old, it couldn’t possibly have attracted a quarter of a million clients. This is outright lying.
By the way, do you know another sign that Innovative CW lacks a license? The leverage. Financial authorities prohibit forex brokers from offering leverage higher than 1:30. Here, it reaches 1:500. This is a clear violation of all requirements and regulations. However, scammers don’t care — they have no regulation.
Is Innovative CW the Right Fit?
You should stay far away from companies like this. They don’t exist in a legal sense; they operate only as a fraudulent website. The scammers are looking for naive traders who will fall for fake advantages and sweet promises of guaranteed profits. There are no licenses or legal documents here, and a company like Innovative CW doesn’t even exist.
If you’re looking for a safe forex broker, Innovative CW is not the place for you, as this is a fraudulent project. I emailed them, and they immediately started asking for my phone number. It all boils down to the fact that you can’t start trading freely here — you absolutely have to speak with their manager. I immediately understood the purpose of this. It’s to get you on the phone and convince you to make a large deposit. Trust me, they have skilled experts who know how to talk in such a way that even the most skeptical client will believe they need to invest here. Under no circumstances should you interact with these scammers.
They are scammers; they stole my deposit. I earned €500 on top of my initial €300 deposit, but then these criminals deleted my profit. I still don’t understand why. I tried contacting them, but they ignored me. Just a few days ago, my balance was €800, and I was thrilled that I had finally made some money from trading. But then they wiped out the €500 profit, and my balance went back to €300. I still don’t understand what happened. Additionally, my withdrawal function doesn’t even work. I don’t know how to submit a withdrawal request.