Reported as a scam / unregulated
Why Innovative Markets is on the register
Innovative Markets claims on its website to be registered only in St. Vincent and the Grenadines. While a matching company can be found in the registration information of the St. Vincent and the Grenadines Financial Services Authority (FSA), its status is now “cancelled.” Furthermore, the St. Vincent and the Grenadines Financial Services Authority has explicitly stated that it does not regulate or issue forex broker licenses. In addition, Innovative Markets has not obtained permission from any recognized financial regulatory body. This is a significant warning sign indicating potential fraudulent activity. Therefore, Innovative Markets is very likely a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.