EXNOVA BROKER REVIEW
A broker consists of a trading platform which is the main element for speculating trades. To become a professional trader, the trading platform used must stand out. The internet is packed with lots of brokers, making it difficult to pick the right one. However, a trading platform review helps traders make informed decisions. In this text, we will focus on the Exnova Broker review.
ABOUT EXNOVA BROKER
In 2021, Exnova was founded by Digital Smart LLC. Upon inception, the company was first registered in Nevis and Cyprus. The trading platform allows its users access to over 250 assets, including Forex, commodities, stocks, and cryptocurrencies. Its trading platform is user-friendly and can be used by a variety of traders. Additionally, both professional and new traders can navigate this platform. They offer a demo account, making it easier for new traders to test-run their trades before going live.
Forex, Stocks, Crypto, Digital Options, Binary Options, Blitz Options
Minimum Trade Amount
Stop out level
Not Regulated Yet
Android, Microsoft and iOS
|Leverage on Premium Account
Exnova is yet to be registered under any financial regulatory body. This may discourage traders from signing up with this platform. Traders must conduct thorough research about the platform before signing up. There are lots of unregulated brokers who provide quality services to its users. Exnova provides high-quality services to its investors. You can check out personal reviews by their users on Trustpilot or their official website.
Additionally, the company’s physical address, email, and phone number are listed on their websites. This means that traders who have access to their physical office have little or nothing to worry about.
Exnova Country Restrictions
All Countries not mentioned below.
ALL EEA countries, Afghanistan, Albania, American Samoa, Australia, Canada, Cocos Islands, Comoros, Democratic Republic of Congo, Gibraltar,Grenada, Guadeloupe, Guernsey, Guernsey, Iran, Isle of Man, Israel, Japan, Jersey, Kosovo, Martinique, Mayotte, Melilla, Montserrat, Norfolk Island, North Korea, Northern Mariana Islands, Palestine, Pitcairn Islands, Puerto Rico, Réunion, Russia, Saint Barthélemy, Saint Helena, and Tristan da Cunha, Saint Vincent and the Grenadines, South Sudan, St. Helena, Syria, Turks and Caicos Islands, Ukraine, the USA and the Vatican
Exnova provides different types of financial instruments. Let’s take a look at the types of tradable instruments provided by this platform.
- Blitz options: trade using an expiration time within 5 seconds and 1 minute
- Binary Options: trade using binary options on currencies and stock
- Forex: This platform gives access to the currency market. Their users have access to the Forex market, with over 250 currencies to trade.
- ETFs: Its Exchange-Traded Funds platform gives its investors access to invest in a basket of assets like the S&P 500 ETFs.
- Commodities: Its users have access to the commodities trading platform and can invest in assets like Crude Oil WTI.
- Stocks: Users are provided access to trade the shares of significant companies. Investors can invest in companies like Apple Inc., Facebook Inc. (Meta), Netflix, etc.
- Cryptocurrencies: The Crypto trading platform is still under work, however, the company has listed the inclusion of Coinbase Global, which indicates the potential start of cryptocurrency trading.
The various products provided by this trading platform enable its users to have a variety of tradable assets to pick from.
Exnova provides 4 different types of accounts, each account has its various distinct features.
This account has a minimum deposit of $10, with access to over 250 tradable assets. The standard account offers a spread of 1.2 pips, and a leverage of 1:30.
The premium account requires a minimum deposit of $25,000. It provides a leverage of 1:500, and its spread starts from 0.1 pips.
This Islamic account is created for Muslims, it offers a minimum deposit of $1000 and it follows the Sharia laws with zero overnight trading charges.
This a virtual trading platform, it is opened with virtual money provided by the site. This trading account enables traders to test out these trading strategies with zero risk involved before going into a live trade.
In this Exnova broker review, we will analyze the various trading platforms and their features.
Exnova has two major trading platforms: the Proprietary Web trading platform and the Mobile app trading platform.
WEB TRADING PLATFORM
Advanced Trading Tools
The platform offers significant trading tools to enhance the trading experience. For example, charting software, trading journals, etc.
The trading platform’s interface is user-friendly and easy to navigate. The platform is designed to enable both beginners and professional traders to have a seamless trading experience.
Risk Management Tools
Exnova offers various risk management tools such as Take Profit/Stop Loss, Negative balance protection, etc. This risk management tool allows traders to minimize the level of risk encountered during a trade.
Social Trading Features
The platform offers community forums where traders can engage and exchange trading ideas.
MOBILE APP TRADING PLATFORM
The mobile trading platform can be downloaded from the Google Play Store for Android users and the Apple Store for iOS users. The platform supports the MT5 and MT4.
The trading platform provides a wide range of different educational materials for traders. They provide ebooks on various topics, webinars, market analysis, and indicator tools to enhance trading experience.
PROS AND CONS
Listed below are the Pros and Cons associated with Exnova Broker:
- The platform has a User-friendly Interface
- They also offer a low minimum deposit of just $250
- Offers a Demo account for beginners to practice their trading strategies
- Provides a wide range of tradable assets, enhancing the diversity of trading portfolios.
- 24/7 customer care support.
- Extended functionality is limited.
- The platform lacks educational materials for beginners
- Exnova is yet to be regulated
DEPOSIT AND WITHDRAWALS
Deposits and Withdrawals are seamless. They offer various types of deposit methods via E-wallets, Bank transfers, and Credit/Debit cards. Withdrawals are also done via the methods mentioned above. They charge zero hidden withdrawal or deposit fees.
They offer 24/7 customer support service. They have provision for email, live chat, and phone. They respond swiftly, and their website has a FAQ section that provides answers to various issues asked.
This Exnova Broker Review shows that the trading platform meets all the criteria. However, the only downside is the lack of a financial regulatory body attached to it.
Established in 2022, Exnova is a dynamic brokerage firm that shows great promise. It operates as a next-generation trading platform, offering a diverse range of over 250 assets for trading. The platform stands out with its user-friendly yet highly functional interface, featuring trading charts equipped with built-in analysis tools, over 100 technical indicators, widgets, a smart newsfeed, economic calendars, and many other innovative features. Exnova is proud to introduce binary, digital, and blitz options, offering the potential for profits of up to 95%!
- Small Minimum Deposit
- 1$ minimum trade
- Good Spreads
- Doesn't provide MT4
- Few Educational materials