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Popularity popular broker
Leverage 1:30 for retail clients, 1:500 for professional clients
Minimum Deposit $100
Regulation ASIC, CySEC
Payment Methods Bank Transfer, Credit Card, PayPal, Skrill
Trading Assets Forex, Stocks, Commodities, Cryptocurrencies, Indices
Spreads Low
Average cost: EUR/USD 1.2 pips
Demo Account
Islamic Account
Copy Trading
Scalping Yes
EA/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee $10 after 12 months of inactivity
Year Established 2010
Address 123 Exnova Street, Financial District, Sydney, Australia
Contact Information Email: [email protected], Phone: +61 2 1234 5678
Mobile Trading APP
Rating ★★★★☆ 4.6

Pros and Cons

  • Wide range of trading assets
  • Regulated by ASIC and CySEC
  • Competitive spreads
  • No deposit and withdrawal fees
  • Access to MT4 and MT5 platforms
  • Limited availability of MAM and PAMM accounts
  • $10 inactivity fee after 12 months
  • No ZuluTrade integration
  • Scalping may not be suitable for all traders
  • Limited educational resources for beginners


Exnova stands out in the crowded field of online brokers by offering a comprehensive suite of services tailored to meet the needs of both novice and experienced traders.

Known for its robust regulatory compliance, a wide array of trading instruments, and user-friendly platforms, the company has established a formidable presence in the global financial markets.

This review delves into the various aspects of the broker, evaluating its platforms, account types, fees, customer support, and more, to provide a thorough overview of what traders can expect.

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Company Background

Exnova’s journey began over a decade ago with a mission to democratize trading for individuals around the globe.

Headquartered in a major financial hub, it operates under strict regulatory oversight from several leading authorities, including ASIC and CySEC.

This regulatory framework ensures that the company adheres to high standards of safety, security, and financial integrity, offering peace of mind to its clients.

Trading Platforms

Exnova provides access to both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their reliability, advanced charting tools, and automated trading capabilities.

Each platform caters to different trader needs:

  • MetaTrader 4 (MT4):
    • Ideal for Forex and CFD traders
    • Supports automated trading through Expert Advisors (EA)
    • Offers advanced charting and analysis tools
  • MetaTrader 5 (MT5):
    • Offers additional instruments, including stocks and futures
    • Improved trading system and increased number of indicators
    • Enhanced scripting tools for custom indicator and automation development

Both platforms are available on desktop, web, and mobile, ensuring traders can access their accounts and execute trades from anywhere in the world.

Account Types

Exnova offers several account types to cater to the diverse needs of its clients, each with its set of features and benefits:

Account Type

Minimum Deposit



Additional Features




Up to 1:500

Access to MT4 and MT5




Up to 1:500

Priority customer support




Up to 1:500

Customized trading solutions

This structure enables traders to choose an account that best fits their trading style and financial goals.

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Trading Instruments

Exnova offers a broad selection of trading instruments across various asset classes, enabling traders to diversify their investment portfolios effectively.

These include:

  • Forex: Access to major, minor, and exotic currency pairs with competitive spreads.
  • Stocks: Trade shares from leading global companies and stock exchanges.
  • Commodities: Includes precious metals like gold and silver, energy commodities such as oil and gas, and agricultural products.
  • Indices: Trade on the performance of top market indices, including the S&P 500, NASDAQ, and more.
  • Cryptocurrencies: Offers trading on popular cryptocurrencies against fiat currencies.

This diverse range of instruments ensures that traders can capitalize on opportunities across global financial markets.

Fees and Commissions

The broker prides itself on its transparent fee structure, with no hidden charges.

Here’s a brief overview:

  • Spreads: Competitive spreads starting from 1.2 pips for major currency pairs.
  • Commissions: No commission on Standard accounts, while Pro and VIP accounts might have commissions based on the trading volume.
  • Overnight Fees: Swap fees apply for positions held overnight, varying by the instrument.

Leverage and Margin Requirements

Exnova offers leverage up to 1:500, allowing traders to amplify their trading positions.

The broker implements a tiered leverage system, where the available leverage decreases as the notional value of open positions increases, enhancing risk management.

Margin requirements vary depending on the account type, instrument, and market conditions.

Deposits and Withdrawals

Exnova simplifies the funding and withdrawal process with multiple payment methods:

  • Deposits: Free of charge and can be made via bank transfer, credit/debit card, PayPal, and Skrill.
  • Withdrawals: Typically processed within 1-2 business days. While Exnova does not charge withdrawal fees, third-party fees may apply.

Customer Support

The company offers comprehensive customer support through various channels:

  • Live Chat: Available 24/5 for instant assistance.
  • Email: Support for detailed queries, with responses within 24 hours.
  • Phone Support: Direct access to customer service representatives.

The support team is knowledgeable and prepared to assist with any trading-related queries or account issues.

Educational Resources

The broker is committed to empowering traders through education.

It offers:

  • Webinars and Workshops: Live sessions covering various trading topics.
  • E-books and Guides: Comprehensive materials for traders at all levels.
  • Video Tutorials: Step-by-step guides on using trading platforms and strategies.

These resources are invaluable for both beginners and experienced traders looking to refine their skills.

Mobile Trading

Their mobile trading platform is designed for traders who need to access their accounts and trade on the go.

Features include:

  • Full Trading Functionality: Open, modify, and close trades directly from the app.
  • Real-time Quotes: Live streaming of prices for all available instruments.
  • Charting Tools: Advanced charting capabilities for on-the-spot analysis.

The mobile app is available for iOS and Android devices, ensuring a seamless trading experience across all your devices.


Exnova stands out as a reputable and reliable broker, offering a comprehensive range of services suited to a diverse clientele.

With its strong regulatory foundation, wide array of trading instruments, competitive fees, and robust trading platforms, it provides an attractive trading environment for both novice and experienced traders alike.

The broker’s commitment to customer support and education further underscores its dedication to its clients’ trading success.

While every broker has its pros and cons, its well-rounded offering makes it a commendable choice for traders seeking a reliable partner in the financial markets.

Whether you’re looking to trade forex, stocks, commodities, or cryptocurrencies, Exnova provides the tools, resources, and support needed to pursue your trading objectives.

In an industry where the choice of broker can be the difference between success and failure, Exnova presents a compelling option worth considering for your trading journey.

Visit official website: www.exnova.com

User Reviews

“I’ve been trading with Exnova for over a year now, and I must say, their platform is top-notch. The spreads are low, and I love the fact that they don’t charge any hidden fees for deposits or withdrawals. Their customer service is also very responsive and helpful. Highly recommend!”
Emily Johnson
“As a beginner, I found the platform easy to use. Their demo account helped me understand trading without risking real money. However, I wish they offered more educational materials for newbies like me.”
David Smith
“Their mobile app is a game-changer for me. Being able to trade on the go is essential, and their app is both intuitive and feature-rich. Two thumbs up!”
Linda Williams
“I’m impressed by the range of assets Exnova offers. From forex to cryptocurrencies, I can diversify my portfolio all on one platform. However, I do wish they had options for MAM or PAMM accounts for us looking to manage client funds.”
Mark Lee
“The platform’s performance is stellar, and I appreciate the negative balance protection. It’s reassuring to know I won’t owe more than I deposit. Exnova has been a reliable broker for my trading needs.”
Sarah Brown

Video: How to open an account

Frequently Asked Questions (FAQ)

What is the minimum deposit required to open an account?

The minimum deposit required to open an account is $100. This allows traders to start trading with a relatively low investment.

Is Exnova regulated?

Yes, the company is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a high standard of oversight and protection for traders.

Can I trade cryptocurrencies?

Yes, Exnova offers cryptocurrency trading among its range of trading assets. Traders can access popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

Does it offer a demo account?

Yes, Exnova offers a demo account for traders who wish to practice their trading strategies without risking real money. This is a great way to get familiar with the platform and trading conditions.

What payment methods does it accept?

Exnova accepts a variety of payment methods, including bank transfer, credit card, PayPal, and Skrill, providing flexibility for deposits and withdrawals.

Are there any fees for depositing or withdrawing funds?

No, Exnova does not charge any fees for depositing or withdrawing funds. However, traders should be aware of any potential fees charged by their bank or payment provider.

Does Exnova offer mobile trading?

Yes, the broker offers a mobile trading app available for both iOS and Android devices, allowing traders to manage their accounts and trade from anywhere.


      Our experts

      This article has been written, edited and reviewed by the following members of our team:


      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.


      Sandro Pontedra

      Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.


      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

      Last update: June 7, 2024