InnovestX Unveils the Big Bang of the New Investment Universe: A Thai-Built App from a Leading Thai Financial Institution for Thais, Delivering Global Standards. Equipped with Precision Tools and Powerful Insight to Seize Global Investment Opportunities.
InnovestX Securities Co., Ltd., the financial investment flagship of the SCBX Group, advances its "Future of Finance Reimagined" strategy, continuously laying the groundwork for future financial and investment innovations. The company has successfully expanded its investor base to over 1 million, reinforcing its position as one of Thailand's leading securities firms, providing comprehensive investment solutions. In its latest move, InnovestX has revamped its digital platform with the best-in-class technology, unveiling the new "InnovestX App" under the concept of "The Big Bang of the New Investment Universe." This significant upgrade propels the Thai investment platform to a new level, aligning with global standards. The app is designed to meet all the needs of investors, offering advanced tools and information to help Thai investors seize every global investment opportunity while delivering a seamless, top-notch experience. The new platform boasts four key highlights: 1. Cutting-Edge Investment Universe 2. Powerful Insights 3. Precision Tools 4. Designed for Simplified Investing.
Through these innovations, InnovestX aims to foster a larger, more informed investor community in Thailand, promoting sustainable growth in the capital markets while ensuring equal access to global investment opportunities. The launch event was attended by Mrs. Boontip Kritchaikul, Chief Executive Officer, Mr. Pichai Lertsupongkit, Chief Commercial Officer, Ms. Akarn Punyakumleard, Chief Product and Operating Officer, along with Mr. Verapat Chantaravannakul, Chief Technology Officer.
Mrs. Boontip Kritchaikul, Chief Executive Officer of InnovestX Securities Co., Ltd., stated: "Technology has played a significant role in transforming the landscape and driving the future of finance and investment. In recent years, we have seen clear changes in the investment world. Investment is no longer confined to domestic markets. Data shows that Thai investors are increasingly investing in foreign stocks, and this trend is expected to continue. However, there are still many limitations to investing in foreign markets, such as lack of access to growing markets, the need for large amounts of capital in some markets, or insufficient information for making investment decisions. As a result, global investment is often viewed as difficult and highly risky. To help Thai investors seize global investment opportunities and build sustainable long-term financial growth, we are committed to enhancing our comprehensive investment services. By integrating the best technological capabilities with business expertise and a deep understanding of Thai investors' needs, we are launching, for the first time in Thailand, a platform built by Thais, from a Thai financial institution, for Thais, that meets global standards. This is not just an execution platform but an application that places the advantages of global investment opportunities in the hands of investors, allowing seamless access to global investment opportunities. At the same time, it helps drive the growth of Thailand's investor community, expanding and thriving sustainably in the capital market."
Mr. Pichai Lertsupongkit, Chief Commercial Officer of InnovestX Securities Co., Ltd., stated: "Data from the Stock Exchange of Thailand shows that new investors have chosen to open investment accounts with InnovestX Securities, capturing a 35% share of new account openings as of Q2/2024. The number of new accounts opened from the beginning of 2024 to Q3/2024 grew by 83% compared to the same period in 2023. This brings InnovestX's investor base to over 1 million investors, out of a total of 2.8 million investors in Thailand, making it a new record for the highest number of new account openings with us. Additionally, the number of new foreign market investors from the start of 2024 to Q3/2024 increased by 182% compared to the same period in 2023. This reflects the growing demand among Thai investors for new investment opportunities in strong or high-growth markets, as the economic cycles of various global markets differ over time. Keeping pace with the growth trends of each market's cycle presents significant investment opportunities. As a result, we are committed to continuously developing innovative investment products and services to ensure InnovestX has a comprehensive and efficient investment ecosystem, with an investment platform for Thais that meets global standards."
Ms. Akarn Punyakumleard, Chief Product and Operating Officer of InnovestX Securities Co., Ltd., revealed: "The newly revamped InnovestX App has been designed and developed by listening to feedback from our investor clients, along with the experience and expertise of our team members, who are real investors themselves. They have studied and tested investment apps from all over the world and have developed features based on the concept of providing the best possible user experience for Thai investors throughout their entire investment journey. The app integrates all promising global investment markets, all essential investment tools, and all necessary data into one easily accessible and user-friendly platform. The new InnovestX App will not only open doors to investment in all global markets but also empower investors with the knowledge and understanding to make better investment decisions. It will equip and empower investors to stay ahead in this new universe of investing. Today, we at InnovestX are proud and ready to deliver the first step of this new application, designed by investors, for investors."
Four Key Highlights of InnovestX App -The New Investment Universe:
- Market Insights: Stay ahead of the market before investing with the Market Dashboard, summarizing market movements worldwide in one place. It includes key economic indicators with the Economic Calendar and Earnings Calendar.
- Stock Insights: In-depth stock information across all dimensions, including price, trading data, fundamentals, technical analysis, analyst opinions, and related news, all free of charge.
- Investment Ideas : Get daily investment ideas and recommendations across all asset classes, including stocks and funds, through features like Invest Ideas and Personalized Advisory, delivered straight to investors' hands.
- CafeInvest - Investment Content Hub: Serving up everything you need to energize investment decisions; all essential news, knowledge, investment ideas, strategies, analysis, and recommendations from InnovestX, helping investors catch the right moment and seize opportunities.
InnovestX believes that time is of the asset for investors. Investment should be smooth and fast. Therefore, the new InnovestX app has been developed with two key platform structure concepts in mind: 1. Future-ready Architecture: The app uses a modular design that allows for flexibility in adapting to future technological changes. It also enables efficient upgrades to specific parts while maintaining bank-grade security. This ensures the platform is both strong and fast. 2. Fast Innovation: The app's technology infrastructure is built for quick adaptation to new features, allowing it to respond swiftly to investors' needs. The focus is on delivering excellent performance to create a seamless user experience, ensuring that orders are processed quickly, accurately, and smoothly. Additionally, the platform offers robust security and reliability, reinforcing trust as part of the SCBX group of securities companies. (Seamless, Secure, Reliable)
To make global market investments more accessible for everyone, InnovestX has adjusted its fees to be more affordable, with no W-8BEN service fees when investing in the U.S. market. The fee structure is as follows:
- U.S. Market: 0.08 USD per share
- Hong Kong Market: 0.20%
- European, Canadian, Australian Markets: 0.25%
- Asian Markets: 0.30%
The minimum fees vary depending on the market.
Additionally, InnovestX is launching a campaign to reduce investment fees for stocks/ETFs in the U.S. market, providing more cost-effective investment opportunities from October 17, 2024, to December 30, 2024. The fees are 0.08 USD per share with a minimum fee of 2.99 USD per transaction (conditions apply as per company policies).
We are also introducing "Nong Sub XAP" (Xponential Assets in your Portfolio), a mascot character who will help make investing easier. You can reach out through Line: @InnovestX, and this mascot will guide everyone into the new universe of investment.
Interested investors can now open an investment account with InnovestX via the newly revamped app. For more details, visit https://www.innovestx.co.th/invest-with-innovestx.
*Investors should understand the nature of the products, conditions of returns, and risks before making investment decisions.For more information, please contact us via Facebook or Line: InnovestX.