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Exnova Review 2024

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Exnova Review 2024
Various Indicators and Oscillators News feed Fundamental analysis
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Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Exnova
Founded:2021
Regulation:
OTC:
Forex Trading:
Assets:250
About
Exnova.com is a Binary Options broker established in 2021. Tight spreads (floating from 0.1 pips), low entry barrier ($10), and low minimum order size ($1) make the company a suitable platform for market enthusiasts.
Contact
Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis
Rank and Score
Account Types
Markets
Account NameMin DepositMax Return
Account NameStandardMin Deposit$250Max Return90%
Account NameIslamicMin Deposit$1000Max Return90%
Account NameDemoMin Deposit$0Max Return0%

Exnova.com provides many convenient payment methods like VISA/MasterCard, UPI, GlobePay, Perfect Money, Volet.com, and Cryptocurrency to help you smooth your trading journey. Do you know about the fee structure on Exnova binary? We’ll explore the broker’s payment methods, commission and fees, registration/verification process, dashboard features, trust scores, and many more in this Exnova review.

Exnova.com; Which company is behind Exnova Binary?

Exnova.com
Exnova offers trading conditions for shares of the largest companies across the globe.

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.

At this moment, no regulatory entity overseen 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.

Broker

Exnova.com

Account Types

VIP, Standard, Islamic

Establishment Year

2021

Trading Platforms

Mobile app, Desktop, Web Trader

Maximum Return

Not Specified

Minimum Deposit

$10

Base Currencies

INR, EUR, GBP, USD

Deposit Methods

Credit/Debit card, E-wallet, Cryptocurrency

Withdrawal Methods

Credit/Debit card, E-wallet, Cryptocurrency, Bank Transfer

Minimum Trade Size

$1

Maximum Trade Size

Not Specified

Tradable Assets

Forex, Commodities, Stocks, Indices, Crypto, ETFs, Options

Investment Options

None

Bonus

Deposit up to 200%

Spreads

From 1.0 pips

Commission & Fees

2% Commission for Withdrawal

No fee for Options Trading

Maximum Leverage

1:500

Affiliate Program

Yes

Trading Features

News feed, Fundamental analysis, Various Indicators and Oscillators

Inactivity Fee

€10 per month after 90 days of inactivity

Customer Support Ways

Live chat, Email

Customer Support Hours

24/7

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.

Exnova Account Types
There is a VIP program in Exnova.com for high-volume traders featuring increased profits, personal manager, and unique training materials.

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 broker’s 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.
Exnova Verification Form
The proof of identity document should contain your full name, expiry date, photo, birth date, signature, and document number.

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:

Fee Structure

Details

Spreads

From 1.0 pips

Swap Rates

0.01% to 1.7% of trade value for overnight positions

Deposit

None

Withdrawal

One withdrawal per month free, with a 2% commission after that

Inactivity

€10 per month after 90 days of inactivity

Binary/Digital Options Trading Costs

None

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.

Exnova Binary Broker Indicators
In the Exnova review, we’ll provide a list of available oscillators on the platform, including Alligator, Commodity Channel Index, Fractal, and many more.

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.

Momentum

RSI, MACD, Stochastic Oscillator, AO

Trend

ATR, Aroon, Bollinger Bands, Ichimoku Cloud, ADX

Volatility

Donchian Channels, High Low Bands, Keltner, Relative Volatility, ATR Bands

Moving Averages

ALMA, KAMA, LSMA, Moving Average Deviation, Envelopes

Volume

OBV, CMF, A/D Line, MFI, EMV

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.

Methods

Duration

Deposit

VISA/MasterCard, UPI, GlobePay, Perfect Money, Volet.com, Cryptocurrency

UPI (1-60 minutes)

Credit card (Instant)

Perfect Money (1-2 minutes)

Crypto (5-60 minutes)

Withdrawal

E-wallet, Bank Transfer, Perfect Money, Volet.com, Globepay

1-3 business days

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.

TrustPilot

4.1 out of 5 from 200 reviews

Reviews.io

4.6 out of 5

Forex Peace Army

Not Rated

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.

Exnova.com Trust Scores
In the Exnova review, we should mention that the broker has received 20 negative comments in TrustPilot, and has replied to all of them within 2 days.

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.

Email

support@exnova.com

Mail

Address: Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis

Online Chat

Chat bot (available on the website)

Social Media

Instagram

X

Facebook

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 none-responsive and you shouldn’t expect much help coming from it.

Writer's opinion and conclusion

Exnova.com allows you to start trading CFDs and Digital/Binary options on Forex, commodities (e.g. Gold and Oil), Cryptocurrencies, and Stocks. Exnova binary broker offers a wide range of trading solutions, including an Android app, desktop application, and web trader. Share your thoughts about the Exnova review in the comments.

FAQs
Can I trade binary options on Exnova?

The broker offers a wide range of trading options, including Binary and CFD contracts.

What is the minimum deposit on Exnova?

The broker allows you to start trading with a minimum amount of $10.

Is trading with Exnova safe?

While the broker doesn’t hold any regulatory licenses, its trust scores from reliable sources confirm its reliability.

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