Broker Summary
Summary of the broker
Introduction:
Exnova is a new Forex broker who offers a range of trading instruments (20 total) in Forex currencies, comodes, Crypto currencies, Stocks and inzetoptions, with a low minimum amount of $10.
Exnova was established in 2021 under Digital Smart LLC, and is located in Cyprus and registered in Nevis, Saint Vincent/W/Greednines.
Exnova has little to no published information about its execuitives and other company officers, causing some distrust among traders.
Key Features
Exnova has more than 250-plus trading instruments available for clients.
Types of Accounts Available
Exnova has two Accounts available for clients:
Live Account, with a $10 minimum deposit and unlimited access to all trading instruments
Demo Account, free; allows clients to practice with a virtual account and learn how to use the Exnova system.
Exnova does not provide tiered levels of support and/or premium benefits to clients.
Regulatory Compliance
Exnova has no regulation and no valid licenses with any major financial oversight authority.
Major Regulation Authorities
Cyprus Securities Commission (CySEC) -- No license/no regulations, but Company Registration only
St. Vincent & the Grenadines Financial Services Authority (SVG FSA) -- HE410889/company registration only.
Other Major Regulators -- Not regulated
All major review sites warn that Exnova is a scam; you will have no protection under law.
Trading Conditions
In addition to their low minimum deposit ($10) and no stated commission structure, Exnova does not provide much in terms of the actual trading conditions, except for stating that you may lose your initial investment.
User Experience/Reputation
Exnova offers the lowest possible amount to start trading ($10) along with multiple instrument types, but due to the lack of openness regarding ownership and regulation, Exnova's reputation is quite low; many review sites cite Exnova as being a scam.
Recent Regulatory Developments
As of 2023 through 2025, Exnova has not made significant advances in the area of regulatory compliance and/or transparency.
Conclusion:
Although Exnova may be attractive because of its low entry costs and availability of a variety of instruments, the extremely high risk associated with trading with a non-regulated broker outweighs any potential benefits associated with the current level of Exnova. Traders should only consider and trade with brokerage firms that are regulated and prove security and accountability.
Regulatory Licenses
Compliance & oversight
No Regulatory Licenses
This broker does not have any verified regulatory licenses on file.
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
BOLETO RAPIDO
MasterCardInstant
PicPay
Perfect MoneyInstant
Live Spreads & Trading Costs
Compare real-time spreads on major currency pairs
Spreads are the core trading cost with Exnova: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.
- Live spread table for six major currency pairs, refreshed every few seconds
- Excellent / competitive / high ratings so you can benchmark Exnova at a glance
- Bid, ask and pip-change data to estimate your real cost per trade
Spread data is indicative and for comparison purposes only
Social Presence
Digital community engagement
Comments
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