Disclaimer:The information provided on this site should not be distributed or used by any individual in any country or jurisdiction where such distribution would violate local laws or regulations.

Leverage 1:300
Minimum Deposit $50
Regulation FCA, ASIC
Year Established 2015
Payment Methods Visa, MasterCard, PayPal, Bitcoin
Trading Assets Forex, Cryptocurrencies, Stocks, Commodities
Spreads Very Low
Average cost: EUR/USD 0.3 pips
Demo Account
Islamic Account
Scalping Yes
EAs/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Contact Information Email: [email protected], Phone: +442031296077
Address 123 Fintech Street, London, EC2M 1NH, United Kingdom
Rating ★★★★☆ 4.4

Alternative Brokers

Pros and Cons

  • Wide range of trading assets including cryptocurrencies
  • Very low spreads making trading cost-effective
  • Highly regulated by reputable bodies like FCA and ASIC
  • Advanced trading platforms available (MT4 and MT5)
  • No deposit or withdrawal fees
  • Limited availability of educational resources
  • No support for ZuluTrade
  • Customer support could be more responsive
  • Not available to traders from the US
  • Some users report delays in account verification


In the competitive world of online trading, Exnova emerges as a prominent broker, offering a comprehensive range of services and tools tailored for both novice and seasoned traders.

Established in 2015 and based in London, the company operates under strict regulatory frameworks, offering a secure and transparent trading environment.

This detailed review delves into every aspect of Exnova, from its regulatory compliance and trading platforms to account types, trading conditions, and customer support, providing a holistic view of its services and capabilities.

Create a Free Account

Company Overview

History and Market Position

Exnova was founded with the vision of making trading accessible to all levels of investors, focusing on a robust technological foundation and client-centered services.

Since its inception, it has rapidly expanded, gaining a significant foothold in the global trading market, attributed to its adherence to regulatory standards and a commitment to trader education and customer service.

Regulatory Compliance

The company is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), two of the most respected regulatory bodies in the financial world.

These regulations ensure that it adheres to the highest standards of safety and operational integrity, providing traders with peace of mind regarding the security of their funds and the fairness of the trading practices.

Trading Platforms and Tools

Exnova offers a dynamic trading experience through the integration of industry-standard platforms and proprietary technological enhancements.

MetaTrader 4 and MetaTrader 5

Exnova supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms are renowned for their advanced technical analysis capabilities, automated trading systems (Expert Advisors), and customizable trading environment.

Below is a comparative overview of the features provided by MT4 and MT5:

Trading SignalsYesYes
Market AnalysisYesYes
Automated TradingYesYes
Economic CalendarNoYes
Depth of MarketNoYes

Proprietary Trading Tools

In addition to standard tools, Exnova has developed proprietary features that enhance trading effectiveness.

These include:

  • Risk Management Tools: Customizable alerts and stop-loss orders help manage and mitigate risks associated with trading.
  • Analytical Tools: Enhanced charting tools and bespoke analytical aids assist traders in making informed decisions based on historical data and market trends.

Account Types

Exnova caters to a diverse clientele with various trading needs and investment sizes through multiple account types.

Standard Account

Designed for novice traders, the Standard Account requires a lower minimum deposit and provides basic functionalities suitable for those new to trading.

Pro Account

For more experienced traders, the Pro Account offers more competitive spreads and lower commission rates, which are essential for high-volume trading.

Islamic Account

Adhering to Sharia law, the Islamic Account is a swap-free option that excludes interest rates on overnight positions, catering specifically to Muslim traders.

Here is a detailed comparison of account features:

Account TypeMinimum DepositSpread FromCommissionSwap Free
Standard$500.6 pipsNoNo
Pro$5000.3 pipsYesNo
Islamic$500.7 pipsNoYes
Create a Demo Account

Trading Conditions

Leverage and Spreads

Exnova offers leverage up to 1:300, providing traders the capability to increase their trading position and potential returns.

The broker’s competitive spreads, which start as low as 0.3 pips for major currency pairs such as EUR/USD, are particularly attractive for cost-effective trading.

Costs and Fees

Traders enjoy a cost-efficient trading environment with no charges on deposits or withdrawals.

However, other trading costs, such as spreads and potential commissions on certain account types, are also crucial considerations.

Here’s an overview of typical trading costs associated with each account type:

Account TypeSpread FromCommission Per LotOvernight Fee
Standard0.6 pips$0Yes
Pro0.3 pips$3.5Yes
Islamic0.7 pips$0No

Trading Experience

User Interface and Navigation

Its trading interface, accessible via desktop and mobile applications, is designed for ease of use.

The platforms are well-organized with an intuitive layout that allows traders to navigate efficiently through trading tools and resources.

Customer Support

Dedicated customer support is available 24/5, with multiple channels including live chat, email, and phone.

The support team is well-equipped to handle a variety of queries and issues, ensuring a satisfactory resolution for most concerns.

Security Measures

Safety of Funds

The company ensures the security of client funds through segregated accounts held at top-tier banks, preventing the use of client money for any company expenses or purposes.

Data Security

Robust encryption protocols protect sensitive information, safeguarding personal and financial data from unauthorized access.

Market Research and Educational Resources

Educational Offerings

Exnova provides a comprehensive suite of educational resources aimed at enhancing trading knowledge and skills.

These include detailed guides, video tutorials, and live webinars conducted by market experts.

Analytical Resources

Regular market analysis and updates are provided, offering insights into current economic events and potential market movements.

These resources are invaluable for traders looking to base their decisions on sound market analysis.


Exnova presents a well-rounded trading offering with its advanced technological infrastructure, diverse account options, competitive pricing, and robust regulatory framework.

The broker’s commitment to trader education and customer support further enhances its appeal, making it a suitable choice for traders at all levels of experience.

As the financial markets continue to evolve, Exnova remains a dependable and progressive partner for online trading.

Visit official website: www.exnova.com


What is the minimum deposit for opening an account?

The minimum deposit required to open an account is $50.

What trading platforms does it offer?

Exnova offers both MetaTrader 4 and MetaTrader 5 platforms to its clients.

Can I trade cryptocurrencies?

Yes, Exnova offers a wide range of cryptocurrencies for trading, alongside traditional assets like forex and stocks.

Are there any fees for deposits and withdrawals?

Exnova does not charge any fees for deposits or withdrawals, making it more cost-effective for traders.

How does it ensure the security of client funds?

The company adheres to strict regulatory standards set by FCA and ASIC, ensuring all client funds are held in segregated accounts for maximum security.

What customer support options are available?

Exnova provides customer support via email and telephone. The support team can be reached at [email protected] or +442031296077.

Does the broker offer educational resources for traders?

Exnova currently offers limited educational resources, but it is planning to expand this area to help traders improve their trading skills.


User Reviews

“I’ve been trading with Exnova for over a year, and I’m really pleased with the low spreads and the variety of assets available. The MT5 platform is robust and offers great tools for technical analysis. Customer support has been helpful, though sometimes it takes a bit longer to get a response. Overall, a solid choice for serious traders.”
Emily Johnson
“As a beginner, I found the platform a bit intimidating initially, but once I got the hang of it, it was smooth sailing. I wish Exnova provided more educational content, but the trade execution and absence of withdrawal fees are definitely big pluses.”
Michael Brown
“Excellent experience trading cryptocurrencies. They have a good range of crypto pairs and very competitive spreads. The security of funds is also reassuring, knowing they’re regulated by the FCA and ASIC.”
Sara Clarke
“I’ve tried several brokers, and Exnova stands out for its trading conditions and low costs. The absence of ZuluTrade is a downside for those who rely on copy trading, but the available tools and resources make up for it. Highly recommend!”
Raj Patel
“Customer service could definitely be improved. It took a while for my account verification, and responses to my inquiries were slower than I’d like. However, the trading experience itself is top-notch, with great platform stability and execution speeds.”
Anna Roberts

Article written, edited and reviewed by


Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.


Andrew Blumer

Andrew Blumer is a finance pro who's got money matters down to a science.
Back in the day, he schooled at Belmont Hill School in Belmont, MA. Then, he took a swing at Harvard College, bagging a BA degree in economics. And that wasn't enough for him – he also nailed an MBA from Harvard Business School in '98.
But hold on, there's more to this financial nerd.
Andrew's been causing ripples in the fintech world for a while now. In fact, he's the mastermind behind Brokfolio, a platform that's all about making trading on financial markets crystal clear and super accessible.
Oh, and did we mention? He's the manager of Brokfolio's website and an expert in online brokers. So, if you're diving into the world of trading, Andrew's your go-to guy.
For more on his financial escapades, head over to his LinkedIn profile. Trust us, his journey is worth a read!


Emily Clark

Emily Clark is our superstar who kicked off her journey as a content whiz and proofreading ninja, focusing on all things finance and tech.
As our team grew, Emily's role blossomed big time. She became the go-to rockstar, an absolute must-have player in our squad, making our growth story rock.
Emily's work ethic? Oh, it's like a caffeine-fueled engine, chugging away with laser-sharp precision. Seriously, without her juggling skills, our growth wouldn't have hit turbo mode.
But here's the cool part – Emily isn't just words and commas. She's got this uncanny radar for brokers and trading know-how. It's like she's got insider info on these money-making worlds.
Currently Emily's holding the senior editor crown, keeping tabs on content from our awesome team.

Last updated: May 23, 2024