Broker Summary
What Wikilix has recorded about Exnova: its history, the licences it holds, its trading conditions and its fees.
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.
Website snapshots
8 full-page captures of Exnova's own site, archived so what they said can still be read after the pages change.
Regulatory Licenses
We have not confirmed any regulation for Exnova. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Exnova. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Funding Methods
8 ways to fund an account. 4 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| BOLETO RAPIDOOtherMay require local bank support. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
| MasterCardCredit CardUp to 21 days bank processing for withdrawals. | Not recorded | Not recorded | USD 10 | Not recordedNot recorded | Instant |
| PicPayE-Wallet1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
| Perfect MoneyE-Wallet1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
| TEDBank TransferBank transfer, 1–2 days processing time. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
| AdvcashE-Wallet1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
| PIXBank TransferInstant payment system. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
| BOLEOOtherLocal payment method. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
Broker's notes on these methods
- Subject to turnover and bonus terms. · applies to 3 methods
Brokers worth comparing
One other broker on the record shares what Exnova offers — its country, regulator, account types or platforms — set beside it on the same measures.
Exnova
This recordSaint Vincent and the Grenadines · since 2008· Digital Smart LLCWikilix score 30.0RegulationNo RegulationMax leverageNot recordedPlatformsNot recordedLicencesNot recordedAGSMARKETS
Saint Vincent and the Grenadines · since 2020· AgsMarkets LTDWikilix score 31.0RegulationRegulatedFSAMax leverage1:200PlatformsNot recordedLicences1
Frequently Asked Questions
Common questions about Exnova
Comments
Share your thoughts and experiences with Exnova