Overview
Exnova is a trading platform that enables traders to purchase and sell various assets online, such as stocks, forex, commodities, binary options, digital options, and cryptocurrencies. It provides traders with a range of features and tools to assist them in making informed investment decisions. The platform promises to give traders a secure and easy-to-use trading experience on desktop, web, and mobile devices. Additionally, the platform offers various account types tailored to accommodate any level of experience. Exnova is an outstanding broker that provides traders with excellent trading conditions. The terms and conditions for using this online platform are ideal for any trader. Let us explore more of the platform’s features, benefits, and more in this Exnova review.
Exnova Review | Account Types
On Exnova, traders can select a trading account that best suits their level of trading knowledge. There are two primary account types available on the platform.
- Demo account – For traders who are new to trading, Exnova has a demo account available for them to use. This binary options demo account comes with $10,000 in virtual funds, allowing users to practice their trading skills without any financial risk. It is also great for experienced traders who want to try out new strategies or test the trading platform.
- Real account – Traders can use their real funds to trade all available assets on their real trading accounts. Funds can be deposited and withdrawn as profits are earned.
Exnova Review | How to Get Started?
- Create an Account – In order to become a trader on Exnova, a person must first create an account. To do this, they must fill out the signup form, providing their personal information.
- Verification – If traders register for an account, they may need to verify their identity or email address depending on location. This often involves providing a government-issued ID and proof of address.
- Funding the Account – Various deposit methods are available, including credit/debit cards and e-wallets. Allowing traders to select the option that best suits their needs.
- Choose Instruments to Trade – Traders can now begin trading a variety of assets. They can select an asset they know well and are comfortable trading with.
- Understand the Markets – Before placing a trade, a trader should use Exnova’s tools to analyze the markets. Tools such as charting tools and economic calendars, in order to make informed decisions.
- Placing a Trade – After examining the markets and locating a prospective trading chance, you can now place your trade. Select the asset you wish, determine the trade size, establish stop loss and take profit levels, and finally execute the trade.
- Monitoring – After executing a trade, it is essential for traders to keep a close eye on it. Fortunately, Exnova provides up-to-date pricing information and swift trade execution. Allowing traders to monitor their trade activity and adapt their strategy accordingly.
- Closing Trades – To close a trade that has either met the desired profit or stop loss goal, traders need to click a button on their trading platform and confirm the closure.
Exnova Review | Trading Platforms
Web Trading Platform
Any web browser can access Exnova’s web-based trading platform, which offers a straightforward trading experience. WebTrader provides traders with a simple-to-use interface, live market information, and robust trading features. Users can take advantage of one-click trading, customizable charts, and detailed market analysis.
Mobile Application
Exnova’s mobile trading application provides traders with the ability to trade on the move, with the same fervor as they would on the web version. All features available on the web version are also available on the mobile app.
This trading platform offers a range of charting tools to help traders with their trading process. By utilizing the charting feature, traders can perform a thorough analysis before making their trades. For instance, analysis can be done through the use of binary trading oscillators or a Fibonacci retracement strategy.
Using this platform, traders can take advantage of real-time charts for a variety of assets, such as forex, commodities, indices, and cryptocurrencies. Adapt several indicators and time frames to these charts for a personalized trading experience.
Tools
Exnova provides a range of trading tools to support traders with technical analysis. Notable trading tools include:
- Technical indicators: Traders have access to a variety of technical indicators that can be used to analyze market trends and identify trading opportunities.
- Drawing tools: Exnova has various drawing tools that allow them to mark important levels on their charts with trend lines and Fibonacci retracements.
- Trading signals: The broker offers its traders free trading signals that are generated using sophisticated algorithms and technical analysis. These signals assist traders in recognizing potential trading opportunities and aid them in making more informed trading choices.
Exnova Review | Trading Assets
- Forex – Over 31 different currency pairs, including the major, minor, and exotic ones.
- Indices – A variety of worldwide stock indices, including the S&P 500, NASDAQ, and FTSE 100.
- Commodities – Precious metals and energy products like crude oil and natural gas.
- Cryptocurrencies – A variety of popular cryptocurrencies including Bitcoin and Ethereum.
- Binary Options – Traders can trade binary options with their preferred underlying assets. Additionally, the broker also offers digital options trading.
Fees and Charges
Spreads: The spread for major currency pairs begins at 1.0 pip. The spread for commodities and indices, as well as other assets, may differ based on the asset and the current market conditions.
Commissions: Certain accounts such as the Platinum and VIP accounts may be subject to a commission fee. This fee is a percentage of the trade amount and differs depending on the asset being traded.
Swap fees: Traders may incur swap fees for positions left open overnight. These fees are variable and will usually start at a rate of 0.01-0.5%. The fee amount depends on the asset traded and whether the position is long or short.
Exnova’s Unique Features
Exnova provides traders with a range of special features to enhance their trading experience. These unique features include:
Demo accounts
Exnova offers traders a free demo account with up to $10,000 to practice trading with greater ease.
Community Chat
Users have the opportunity to join community chats and connect with other traders. This feature allows them to learn from experienced traders who have a successful history in trading. They can ask questions and get advice from these knowledgeable traders in the chats.
Market sentiment signals
Traders can take advantage of market sentiment indicators to make more informed trading decisions. These indicators may include sentiment analysis, volume analysis, and order book analysis, all of which can provide valuable insight into market sentiment.
Free Video Tutorials
The broker provides traders with a free video library on its website to empower them with the practical knowledge and skills needed to succeed in the financial markets. The videos give guidance that traders can use to their advantage and the library is regularly updated to make sure traders have access to the newest information and trends.
Crypto
Exnova is a great choice for those looking to get involved in cryptocurrency trading. It offers a wide selection of currencies, including Bitcoin, as well as the option to deposit and withdraw funds using both cryptocurrencies and traditional fiat currencies. The platform also has advanced charting tools and technical analysis indicators, making it a great option for traders. Plus, Exnova offers competitive spreads and low trading fees, making it a great investment opportunity.
Weekly newsletter
Subscribing to Exnova’s weekly newsletter can be beneficial to traders, as it provides them with market insights, analysis, and updates that can help them increase their trading skills and maximize their profits. The newsletter also offers tips and tricks to help traders improve their trading strategies.
Minimum trade of only $1
Traders can start trading with a minimum deposit of just $10, but they can place trades for any amount beginning at $1.
Exnova Review | Payment Options
Clients from various countries can deposit and withdraw funds using a range of payment methods. Popular payment options include:
- Credit/debit cards
- Bank transfers
- E-wallets (Skrill, Neteller, and PayPal)
- Cryptocurrencies
Traders have the option to fund their Exnova trading accounts using Boleto, Pix, Advcash, Perfect Money, or Webmoney. Once they have chosen a deposit method, they can start the deposit process. In order to begin trading on Exnova, traders must deposit at least $10 into their trading account. Once the deposit has been made, trades can be placed at a minimum value of $1.
Customer Support
Customers of Exnova can get the help they need through various channels, including live chat, phone support, and email. The broker’s 24/7 customer support team is available to assist traders with any account, technical, or trading-related issues.
