Exnova Forex Broker Review - Margin Trading with Minimum Trade Size 0.001 Lot

[Forum Admin]

Exnova Forex Broker Review - Margin Trading with Minimum Trade Size 0.001 Lot

 

In 2021, Digital Smart LLC established Exnova with its headquarters in Limassol, Cyprus. The company started by registering in Nevis and Cyprus. Exnova’s trading platform offers access to over 250 assets, including Forex, commodities, stocks, and cryptocurrencies.

The forex broker is easy for all types of traders, whether experienced or new. They provide a demo account for new traders to practice before trading live. The platform offers numerous tools to help users make informed trading decisions.

Click Here to Open an Exnova Trading Account

Forex Trading Features

- Free Demo Account 10.000$
- Minimum Deposit 10$
- Minimum Trade Size 0.001 Lot
- Leverage up to 1:3.000
- Advanced Platform - Desktop Windows / Web / Mobile
- Over 250 Assets to Trade: Forex, Crypto, ETFs, Stocks, Indices, Commodities
- Set Take-Profit/Stop-Loss in pips or asset price
- User-Friendly Interface- Comprehensive Education Resources
- Islamic Account: Available
 

Other Trading Ways at Exnova Broker

 
- Blitz Options (5 Seconds Binary Options Trading) Binary Options and Digital Options Trading. Learn More

How do you trade Forex on the Exnova Platform?

To trade forex on the margin on the Exnova platform, follow these steps:
1. Open a new asset and select “Forex”.
2. Enter a trade size by clicking the “Quantity” button.
3. Set optional parameters if you wish:
- If you would like to open a position with the expiration time, press the “Expiration” button.
- Set the take-profit/stop-loss levels.
5. Make your forecast and open a trade.
6. Close your trade manually in the “Portfolio” or wait until it closes automatically if you set optional parameters.
So that you know, your trade will be forcibly closed if your margin level falls below 50%.

Click Here to Open an Exnova Trading Account

 

 
Exnova has multiple tools and features for forex trading that are suitable for experienced and novice traders. These can help you understand the market sentiment in forex and make quick decisions based on thorough analysis. 
 

What is take-profit and stop-loss? One of the most critical risk management tools One 

 
One of the most critical risk management tools that most traders utilize daily is the take-profit/ stop-loss feature. A thorough understanding of these instruments is fundamental to any Forex trader. Take-profit and stop-loss are not unique to Forex, though — on the Exnova platform, it is possible to set these levels for all CFD assets like Stocks, Forex, Cryptocurrencies, and Commodities.

The stop loss is the level at which a trader wishes for the position to close automatically. Take profit works similarly — setting this level means signaling to the broker that you want your position closed at that particular level once it is reached.

Take profit is a value that a trader chooses as appropriate or sufficient if the deal goes in the trader’s favor. If that particular profit level is reached, the deal will close automatically once the take profit level is triggered.  

Stop loss is the acceptable loss level a trader is willing to bear if the deal goes against their prediction. If the set loss level is triggered, the deal will close automatically, preventing the possible loss of the entire investment amount.

Click Here to Open an Exnova Trading Account

How do we set stop-loss and take-profit levels?
 
To set stop-loss and take-profit, one may follow the steps:

1. Choose the desired instrument for trading (Forex, Crypto, etc.)
   
2. Set the desired investment amount and multiplier and click on the “Auto Close” button
   
3. Set the take profit (“When profit is…”) and the stop loss (“When loss is…) values 
   
4. Once the necessary levels are set, a trader may open a position by clicking “Buy” or “Sell.”
   
5. The auto-close levels will be displayed on the chart for your convenience. 
   

The sequence of steps can be seen in the following Video.