Exnova Review

Exnova Review Introduction

Exnova is a renowned binary options broker that was established to provide a platform for traders to participate in the binary options market. This platform is designed with the latest technology to ensure fast, reliable, and efficient trading experiences for both novice and experienced traders. It offers a diverse range of assets to trade with, including currencies, commodities, indices, and stocks. Exnova is committed to providing its clients with superior services, including detailed educational resources, advanced trading tools, and dedicated customer support. With its user-friendly interface and seamless operations, Exnova aims to make binary options trading accessible and profitable for all traders. In this Exnova review, we will learn more about the broker’s platform features and advantages.

READ: Binary Options Trading Review here.

Exnova Account Types

• Live Account: The Exnova live account is designed for traders who have experience in binary options trading and are confident enough to invest real money. The live account offers a variety of features such as access to real-time market data, various trading tools and resources, customer support, and the ability to participate in trading competitions. It also allows traders to make real profits from their trades.
• Exnova Demo Account: The Exnova demo account is aimed at newcomers in the binary options trading market. It provides a risk-free platform where beginners can learn the basics of binary options trading without investing real money. The demo account offers virtual money for trading, access to educational resources, and a simulation of real market conditions. This type of account is an excellent way for beginners to gain experience and build their trading strategies before transitioning to a live account.
• Exnova Islamic Account: The Exnova Islamic account is specially designed for Muslim traders who want to engage in binary options trading while adhering to the principles of Islamic law. This type of account is free from any form of Riba (interest) and follows the principle of No Riba policy, which means there are no hidden fees or charges. It also practices the principles of Musharaka (profit sharing) and Maysir (gambling). The Islamic account allows traders to extend their trades to the next trading cycle without any charges, which is also known as ‘swap-free’ in Forex trading.

Financial Instruments

Exnova broker offers financial instruments that refer to a variety of financial investment opportunities that the broker offers to their clients. These instruments are numerous and diverse, covering a wide range of markets and investment types.

• Forex: Forex, or foreign exchange, trading involves the buying and selling of currencies. This is one of the most popular forms of trading due to the global nature of the currency markets. Exnova provides its clients with the opportunity to trade in a variety of currency pairs, from major pairs like EUR/USD to more exotic pairs.
• Commodities: Involves the buying and selling of raw materials or primary agricultural products. Exnova provides its clients with the opportunity to trade in a variety of commodities, such as gold, silver, oil, natural gas, and agricultural products like wheat and soybeans.
• Indices: The buying and selling of a group of stocks that represent a particular market or sector. Exnova provides its clients with the opportunity to trade in a variety of indices, such as the Dow Jones, S&P 500, and NASDAQ.
• Binary Options: Binary options trading involves predicting whether the price of a particular asset will rise or fall within a certain time period. This form of trading is known for its simplicity and potential for high returns. Exnova provides its clients with the opportunity to trade binary options on a variety of assets.
• Cryptocurrencies: The buying and selling of digital currencies like Bitcoin, Ethereum, and Litecoin. Exnova provides its clients with the opportunity to trade in a variety of cryptocurrencies, taking advantage of the volatility and potential for high returns in this market.
• Stocks: Stock trading involves buying and selling shares in individual companies. Exnova provides its clients with the opportunity to trade in a variety of stocks, from large-cap companies to smaller, growth-oriented firms.

Exnova Deposit Options

Exnova broker provides a wide array of deposit options to its users. These options are designed to accommodate the diverse needs and preferences of its users, making it easier for them to deposit funds into their trading accounts.

• Credit/Debit Cards: This is one of the most popular and convenient ways to deposit funds. Exnova accepts cards from major providers such as Visa, MasterCard, and American Express. 
• E-Wallets: Exnova also accepts deposits through various e-wallets. E-wallets are digital wallets that allow users to store, send, and receive money online. They are known for their convenience and security features. Some of the e-wallets that Exnova might accept include PayPal, Skrill, and Neteller among others.
• Bank Transfers: With this option, you can directly transfer money from your bank account to your trading account. This might take a few days to process, depending on the bank and the country of operation.
• Cryptocurrencies: Given the popularity of digital currencies, Exnova also accepts deposits in the form of cryptocurrencies. This could include Bitcoin, Ethereum, and Litecoin, among others. This option offers a high level of security and anonymity.
• Local Online Banking: For some regions or countries, Exnova might also provide the option of local online banking. This means you can transfer funds directly from your local bank account to your trading account via the Internet.

Remember, the Exnova minimum deposit amount is $10. It is always advisable to check the terms and conditions of your chosen deposit option before proceeding.

Exnova Withdrawal Options

Exnova broker offers a variety of withdrawal options to facilitate its clients. These withdrawal methods are designed to ensure that users can easily access their earnings and profits.

• Credit/Debit Cards: Exnova allows its customers to make withdrawals using their credit or debit cards. This is one of the most common and convenient withdrawal methods available. The clients can use any major credit or debit card such as Visa, MasterCard, or American Express for the transaction.
• E-Wallets: Another popular withdrawal method that Exnova uses is e-wallets. This includes popular e-wallet services like PayPal, Skrill, and Neteller. These digital wallets offer a fast, secure, and convenient way of making withdrawals.
• Bank Transfers: Exnova also allows its clients to make withdrawals directly to their bank accounts. This way, users can transfer their earnings directly into their personal or business bank account. The bank transfer option is a reliable and secure method of withdrawal, though it might take a few days for the funds to be fully processed.
• Cryptocurrencies: For customers who prefer to deal in digital currency, Exnova offers withdrawal in various cryptocurrencies. This includes Bitcoin, Ethereum, Litecoin, and others. This method is secure and relatively fast, depending on the network traffic and transaction fees of the respective cryptocurrency.
• Local Online Banking: Exnova has also incorporated local online banking options into its withdrawal methods. This means that clients can directly transfer their earnings to their local bank accounts using their online banking systems. This method is quite convenient for users who prefer to manage their funds through their local banks.

As for the Exnova minimum withdrawal amount, it typically varies depending on the method of withdrawal chosen by the client. It’s always recommended to check Exnova’s terms and conditions or customer service for specific information.

Trading Platforms

Exnova binary options broker provides multiple trading platforms for the convenience of its users. These platforms include:

• Desktop Application: The desktop application is a downloadable software that one can install on their computer. It offers a full suite of trading tools, charts, and features that a trader needs for their daily trading activities. It is designed to give users a seamless trading experience with its user-friendly interface. With this application, users can trade directly from their desktops, monitor their trades in real time, and have access to sophisticated analytical tools. The desktop application offers a higher level of customization and faster execution of trades.
• Mobile Application: Exnova also offers a mobile application to accommodate traders who are always on the go. This app offers the same functionality and features as the desktop application, but it’s designed for smartphones and tablets. Traders can open and close trades, view live charts and manage their trading accounts from their mobile devices. The mobile application is available for both Android and iOS devices, allowing users to trade anytime, anywhere.
• Web Platform: The web platform is an online-based trading platform that doesn’t require any download or installation. Users can access it from any browser and on any device, including desktop, laptop, tablet, or smartphone. The web platform is known for its simplicity and easy-to-use interface. Despite its simplicity, it still offers a comprehensive range of trading tools, indicators, charts, and other features necessary for trading. The web platform is ideal for traders who prefer trading directly from their browsers or those who use different devices for trading.

Trading Tools

Exnova trading offers a plethora of tools to enhance the user’s trading experience and increase their chances of making profitable trades.

• Price Movement Alerts: This feature allows traders to set alerts for when the price of a certain asset reaches a specific point. This saves traders the time and effort of having to constantly monitor the market and ensures they never miss an opportunity to make a potentially profitable trade.
• Economic Calendar: The Economic Calendar is an invaluable tool for any trader. It provides users with a schedule of all major economic events that could potentially impact the market, allowing them to plan their trades around these events. This can help users to make more strategic trading decisions and potentially increase their profitability.
• Smart Newsfeed: The Smart Newsfeed feature provides users with real-time news updates that could impact the market. This includes anything from major political events to changes in economic policy, to company-specific news. By staying updated on the latest news, traders can make more informed decisions about when to buy or sell.

In conclusion, Exnova provides a comprehensive suite of trading tools that help users stay updated on market changes, plan their trades more effectively, and ultimately increase their chances of making profitable trades. Whether you are a seasoned trader or just starting out, Exnova’s trading tools can provide you with the insights you need to navigate the binary options market.

Special Features

• Negative Balance Protection: This feature ensures that your account balance never falls below zero. No matter the losses you incur in your trades, Exnova guarantees that you will not owe the broker any money. This feature protects you from losing more money than you have in your account.
• Trailing Stop: The trailing stop feature is designed to protect gains by enabling a trade to remain open and continue to profit as long as the market price is moving in a favorable direction. However, the trade will close if the market price changes direction by a specified amount. This feature helps you secure your profits and limit your losses without having to monitor the market constantly.
• Live chat: The live chat feature allows you to instantly communicate with Exnova’s customer service team. This ensures that you can get immediate help with any issues or questions you may have. Having a live chat feature means you can get real-time assistance, which is essential in the fast-paced world of binary options trading.
• Trader Sentiment: This feature gives you an insight into what other traders are thinking about the market. Exnova displays what percentage of their traders are buying and selling each asset. This can give you an indication of market trends and can help guide your trading decisions.
• Community Live Deals: With this feature, you can see real-time deals made by other traders in the Exnova community. This can help you make informed trading decisions based on what others are doing. It’s a great way to feel connected with other traders and to gain insights from their trading strategies.

These special features offered by Exnova binary options broker are designed to enhance your trading experience, protect your investment, and maximize your profits.

Education Resources

• Free video tutorials: These tutorials are aimed at helping users understand the basics of binary options trading. They cover a range of topics such as understanding the different types of binary options, how to analyze market trends, risk management strategies, and tips for successful trading. The videos are designed to be easy to understand and follow, and users can watch them at their own pace and convenience.
• Step-by-step instructions: The educational resources also include detailed step-by-step instructions that guide users through various aspects of binary options trading. These instructions cover everything from setting up a trading account to making a trade to withdrawing profits. They are designed to be clear and concise, making it easy for users to follow along and apply what they have learned.
• Weekly newsletter: Exnova also offers a weekly newsletter that keeps users up to date with the latest news and developments in the world of binary options trading. This includes market analysis, trading tips, and information about upcoming webinars or other educational events. The newsletter is a great way for users to stay informed and up-to-date with their trading.
• Helpful community chats: Exnova has a vibrant community of traders who are always ready to share their experiences and insights. Users can join these community chats to ask questions, share their own trading experiences, or simply learn from others. This is a great resource for users who want to learn from the experiences of other traders and become part of a supportive trading community.

Overall, Exnova’s binary options broker education resources provide a comprehensive and user-friendly learning platform for anyone interested in binary options trading.

Exnova Review – Conclusion

In conclusion, Exnova binary options broker is a platform that offers a wide range of services for those interested in binary options trading. They provide a user-friendly interface and a variety of tools and resources to help traders make informed decisions. The platform also offers a high level of security, ensuring that user’s funds and personal information are well-protected. Overall, Exnova binary options broker is a reliable and efficient platform for both novice and experienced traders.