Exnova Fees And Charges – How Much Does It Cost To Trade?

Type of fees | Fees from |
---|---|
Deposit fees | $0 |
Withdrawal fees | 2% (one withdrawal per month is free) |
Inactivity fees | $10 per month |
Trading fees | From $0 |
Exnova offers many trading options to traders. Being a new binary broker, it has already made its edge in the trading world. Hundreds of traders have connected with Exnova for its great services. Exnova fees and commissions are highly attractive, among other lucrative features this broker offers.
Compared to other trading platforms, trading on Exnova is highly affordable for traders. However, if you wonder whether trading on Exnova will be feasible, keep scrolling. Here, traders will find all answers about Exnova fees and commissions.
Trading fees on Exnova:

Exnova charges fees for trading CFDs on forex, stocks, indices, and commodities. Here are the fees and commissions traders can expect while trading on Exnova.
Type | Fees |
---|---|
Spreads | Variable ranging from 1.0 pip |
Swap fees | Ranges from 0.01-1.7% |
Inactivity fees | 10 Euros |
Binary options trading fees | No |
Digital options trading fees | No |
Deposit fee | No (currency conversion fees can apply) |
Withdrawal fee | One free withdrawal every month with 2% charge levies after the first withdrawal |
Underage account closure fees | 20 USD |
Spreads
The nature of spread fees that Exnova charges are one-off costs. Spreads are the difference between the buy and sell prices. Usually, Exnova charges low spreads from traders. These are variable fees and can depend highly on the asset that a trader trades on the platform.
Exnova is a platform that has a rich asset offering for traders. Every spread that a trader has a bear depends upon the asset type and the market volatility. Usually, spreads on the platform start from 1.0 pips.
Spreads can also depend upon the time the trader executes the trade. It is usually because the market conditions can change over time.
Swap fees
Like most trading platforms, traders have to bear Exnova fees and commissions relating to swaps. Swap fees get levied on traders who hold their positions after the end of trading hours. So, if a trader keeps his position open overnight, Exnova places a swap fee on that particular trade.
Swap fees are taken from the trader’s account balance. The broker mentions the swap fees in its terms and conditions of trading. Generally, swap fees can vary from 0.01% to 0.05%. However, traders might also have to bear the swap fees for up to 1.7% of the value of their investment to keep their positions open overnight.
However, such high charges get levied on traders only during extreme situations.
The percentage of swap fees that a trader must also pay depends upon the time of the week he is trading. For example, swap fees are higher on the weekends and can go up to three times higher than normal swaps on Fridays and Saturdays.
(Risk warning: Your capital can be at risk)
Inactivity fees
Exnova charges an inactivity fee from traders who do not use their trading accounts consistently. Usually, inactivity fees are called dormant fees. Traders who do not transact from their trading accounts for 90 consecutive days have to bear the inactivity charge.
Like other Exnova fees and commissions, the inactivity fees might also get deducted from the trading account balance of the trader. If a trader wishes to avoid such a charge, he must execute a trade continuously.
The inactivity fees on Exnova stand at 10 Euros. If a trader uses the platform in any other currency, the amount will be equivalent to 10 Euros. If the account is inactive for more than 90 days, the platform will apply inactivity fees on a monthly basis. Exnova will debit this fee if there are sufficient funds in the trader’s accounts.
Binary and digital options fees and commissions from Exnova
The broker does not mention the fees and commissions for traders who open binary or digital options trading accounts. There are no one-off costs or any ongoing costs that are levied.
However, traders with binary options and digital options trading accounts must bear the inactivity charge if they do not use their trading account. Again, the inactivity charge will be deducted from the trader’s trading account balance if it has sufficient funds.
(Risk warning: Your capital can be at risk)
Other fees
Spreads, swap fees, and inactivity fees are the main types of trading fees that a trader has to bear while trading on the platform. However, traders often wonder if they need to bear the deposit and withdrawal fees on the trading platform.
Bearing the deposit and withdrawal fees on any trading platform can be a hassle for traders. So, let us look at how much deposit and withdrawal fees a trader needs to bear when trading with Exnova.
Deposit fees
Thankfully, traders need not bear any deposit fees when trading on Exnova. The broker offers free Exnova deposits to traders.
Traders can fund their accounts by using any of the payment methods. The broker offers bank transfers, electronic wallets, and credit and debit cards as a common way for traders to fund their accounts.
(Risk warning: Your capital can be at risk)
Withdrawal fees
Traders can withdraw funds for free only once in any given month. Any subsequent withdrawals that a trader makes from his Exnova trading account carry a charge. Usually, traders need to pay 2% of the amount they withdraw from their trading account as the withdrawal fees.
The withdrawal fees on the trading platform can also depend upon the type of payment method that you choose. Usually, Exnova fees and commissions for fund withdrawals using bank transfers are high. Traders might also have to bear a transfer charge their bank levies on such transactions.
In addition, withdrawal fees also depend upon the currency type the trader uses. For instance, if a trader uses a Russian Ruble, the minimum fee for withdrawing funds can be 50 units. However, it can also go as high as 1,500 units, depending on the amount a trader withdraws.
Here are the minimum and maximum fees a trader must pay to the broker, depending upon the currency he uses.
Currency | Minimum fee | Maximum fee |
Thai baht | 30 | 1,000 |
United States Dollar | 1 | 30 |
Russia Ruble | 50 | 1,500 |
Brazilian Real | 5 | 125 |
Pound sterling | 1 | 25 |
Euro | 1 | 30 |
Underage account closure fees
If a trader closes his trading account with the broker without reaching the age of maturity in his country, he might have to bear an underage account closure fee. Usually, this fee stands at 20 USD.
The broker levies this fee and deducts it from the trading account of the trader after the termination of the agreement. Exnova will inform the trader to withdraw funds from his trading account within a stipulated time. However, if a trader fails to withdraw the same, the broker will deduct the fee after 8 days of the termination of the agreement.
(Risk warning: Your capital can be at risk)
Deposit and withdrawal policy of Exnova
Exnova has a very simple deposit and withdrawal policy for traders. All deposits on the trading platform are quick. A trader can choose a payment method he is comfortable with and fund his trading account instantly. Exnova will not charge you for funding your trading account.
To opt for a fund withdrawal, traders must submit a request to the broker. The broker will process the request and update traders on the same.
Exnova has the following withdrawal policy:
- The entire withdrawal process can take up to 3 working days for processing.
- Traders must adhere to the minimum withdrawal amount, depending upon their payment method.
- If the broker feels that the withdrawals are fraud or involve money laundering, it can hold the request.
- Traders must bear the Exnova fees and commissions for making more than one monthly withdrawal.
While requesting the withdrawal, traders must ensure they use the payment method for funding the account. Withdrawals in a different payment system can be a little complicated.
Conclusion – Trade on the platform for a small fee!
Exnova is a highly affordable trading platform. The fees and commissions are very realistic for the trader to pay. Traders can enjoy trading at an affordable rate with the broker.
The low Exnova fees and commissions enable traders to trade any asset without losing much of their profits. There are no fees and commissions for binary options or digital options trading, making it a lucrative trading platform for such traders.
In addition, the swaps and spreads on the platform are also attractive. The best thing about Exnova is that it is a highly reliable trading platform. So, if you are looking for a trading platform with reasonable fees and costs that you can easily afford, Exnova can be your go-to option.
(Risk warning: Your capital can be at risk)
Frequently asked questions about the Exnova fees:
Is Exnova an affordable online trading platform?
Yes, Exnova is a highly affordable online trading platform. Its fee structure is comparatively better than most brokers in the trading world. Traders can trade with low Exnova fees and commissions on the platform.
Does Exnova charge spreads?
Yes, Exnova charges spread for trading CFDs on stocks, indices, commodities, forex, etc. However, spreads are highly affordable and start from 1 pip. Spreads can be different for different underlying assets, depending upon the market conditions.
How much swap fees does Exnova charge?
The swap fees on Exnova range from 0.01% to 0.05%. It depends upon the type of position that the trader is holding overnight. This fee is also subject to market
terms. In some cases, swaps can go as high as 1.7%.
Does Exnova charge fees and commissions for binary and digital options trading?
No, traders need not pay any fees and commissions for binary options or digital options trading on Exnova. If a trader opens binary options or a digital options trading account with the broker, he will only need to bear the inactivity fee for keeping his account dormant.
Tip: You want to know how Exnova earns money? Read this article to learn more.