Exnova Review 2024

Exnova.com provides CFDs and Digital/Binary options on Forex, Cryptocurrencies, and Stocks with a maximum leverage option of 1:500. A 200% deposit bonus and an affiliate program with a maximum revenue share of 80% are some of the broker’s attractive offers.

Exnova.com; Which company is behind Exnova Binary?

Exnova has positioned itself as a cutting-edge trading platform, allowing investors to trade various assets, including stocks, currencies, and commodities. Established in 2021 under “Digital Smart LLC”, the binary options broker offers more than 250 tradable assets.

The mother company is located in Charlestown, Nevis Island, while the payment manager, “DIGITAL SMART CY LIMITED”, is based in Cyprus with the “HE 410889” business number. Key features of Exnova:

• Minimum deposit of $10;
• Free demo account;
• 24/7 support;
• Minimum trade size of $1;
• Trailing stop;
• Negative balance protection.

At this moment, no regulatory entity oversees the firm’s activities. Thus, a lot of experts advise to stay away from it or at least approach cautiously. Potential users should research the platform's regulatory status and corporate structure further.

Exnova.com Summary of Specifications

Exnova binary broker stands out as a platform that prioritizes accessibility and user experience. With its low entry barriers and robust feature set, it's particularly appealing to new traders.

Available Account Types on Exnova Binary Options

The binary broker doesn’t provide specific details on its account types. However, it’s for sure that Exnova offers Islamic Swap-free accounts for a minimum deposit of $500. You can activate it by navigating through the broker’s client dashboard.

How do you open an account and verify it on Exnova.com?

Opening and verifying an account on Exnova binary is a straightforward process designed to smooth your entry to trading while ensuring compliance with KYC policies. Here's a step-by-step guide to the Exnova registration process.

1. Navigate to Exnova.com;
2. Click the "Get started" button;
3. Select country of residence;
4. Provide your email address;
5. Set a strong password;
6. Check the “Terms & Conditions” box;
7. Click on “Create an Account”.

Before trading on Exnova, you must verify your account. The verification enables you to make a deposit. Here’s how to verify the binary broker’s live account.

1. Enter the client dashboard;
2. Navigate to the “Personal Data” menu and click on “Verification”;
3. The first step is to confirm your email by providing the code sent to you;
4. Provide information such as full name, sex, date of birth, citizenship, city, postal code, and residential address in the “Personal Details” form;
5. Upload one of the applicable documents, including a Passport, Driving License, or ID card.

Bonus and Promotion plans on Exnova.com

Bonus and promotion plans are incentives brokers use to attract new customers and reward the old ones. The most common reward offerings in trading firms include deposit bonus, cashbacks, and referrals.

Exnova binary broker offers a welcome bonus up to 200% for deposit amount of at least $20. The promotion code is “BONUS” and it expires on 31 Dec 2024. You must provide it on the deposit form.

Exnova.com Commission and Fee Structure

Exnova.com is a new binary broker that maintains a transparent fee structure that is competitive within the industry. Here's a breakdown of the firm’s fees and commissions:

While Exnova's fee structure is generally competitive, traders should consider potential costs like withdrawal fees and swap charges for overnight positions. As always, factoring in these costs when developing your trading strategy is crucial.

Features of Exnova.com Client Dashboard

Exnova's client dashboard is designed to provide a comprehensive and user-friendly trading experience. It’s the go-to station for every trading need. Key features of the binary broker’s dashboard:

• User Profile: You can use this section to upload a photo, edit personal data, make a deposit, or withdraw funds;
• Total Portfolio: Check all of your open positions in detail;
• Trading History: All of your activities are listed in this menu;
• Leader Board: Familiarize yourself with the most successful traders on the platform;
• PROMO: Check all the new and expired promotion plans;
• Market Analysis: Access to news feed and latest market analysis;
• Tutorials: Familiarize yourself with the platform.

The Exnova client dashboard combines ease of use with powerful features, making it suitable for novice and experienced traders. Its focus on education and analysis tools and a wide range of tradable assets provide a comprehensive trading environment.

What Indicators and Oscillators are available on Exnova Binary?

The broker’s trading platform offers a wide range of Indicators in various groups, including Momentum, Trend, Volatility, Moving Averages, and Volume.

There are also two other groups, Popular (all of the favorite Oscillators in one place) and Other (some Indicators that don’t fit in each of these groups). Here’s a table of key Indicators on Exnova.

The platform supports seven timeframes, including 2 min, 15 min, 3 hours, 1 day, and 30 days. In addition to these technical tools, Exnova provides fundamental analysis resources such as an economic calendar, earnings reports, and a news feed.

Available Payment Methods on Exnova Binary Options

The binary broker strives to make the deposit and withdrawal process as smooth as possible for its users. While the available methods may differ based on your region, there are always options suitable for you. Here’s a general view of Exnova payment methods.

Copy Trading and Social Trading on Exnova.com

There are no specific data about this topic on the platform, so it’s safe to assume that the broker doesn’t offer Copy Trading and Social Trading features, which is a great let down to users who want to earn passive income.

However, the binary brokerage offers a feature-rich Affiliate program to its clients. You can increase your potential earnings indefinitely by becoming an Exnova.com Affiliate.

• Earn up to $2000 for your referred clients’ actions (CPA);
• Up to 80% revenue share;
• Unique promo materials for your campaigns;
• Daily payouts through popular methods, including WebMoney, USDC, Perfect Money, and Advcash;
• Trips, parties, and gifts for top affiliates.

Exnova.com Trust Scores from review sources

The next step in the Exnova review is to check the broker’s credibility through users’ and experts’ reviews. To make an informed decision, examining the firm’s trust scores is crucial.

While the overall sentiment seems positive, potential users should know about the reported account verification and withdrawal issues. It's always advisable to thoroughly review a platform's terms and conditions before committing to invest.

How can I reach Exnova.com Customer Support?

The binary broker provides multiple channels for users to connect with their help team, ensuring that help is always within reach. Here are the primary ways to contact Exnova's customer support.

When contacting customer support, be prepared with your account details and any relevant information about your query to ensure a swift resolution. It’s worth mentioning that the chat bot is almost non-responsive and you shouldn’t expect much help coming from it.

Writer's opinion and conclusion

Exnova.com provides access to Options trading on 6 asset classes. Its proprietary platform supports seven time frames and a wide range of built-in indicators, including RSI, MACD, Stochastic Oscillator, and AO on its proprietary platform. Exnova binary broker has gained a score of 4.1/5 on TrustPilot.