Exnova review: what Indian traders should know before depositing

Exnova lists a minimum deposit of $10 and a minimum trade of $1. The maximum payout shown is 92%, which means the platform keeps at least 8% of the stake on a winning fixed-time contract before any other costs.

For an Indian trader, the $10 entry point is low enough to test the platform without committing much capital. The $1 minimum trade also allows small positions, which can stretch a first deposit across many trades.

What the figures do not tell you is how often a typical trader wins. A 92% maximum payout is not an average return; it is the ceiling on a single successful contract. Losing trades return nothing, so a run of losses can erase a small deposit quickly.

Treat the deposit and trade minimums as the cost of entry, not as a measure of what you will get back. The payout percentage is a ceiling, and your results will sit somewhere below it.

Exnova offers its own platform on Android, iOS and web. There is no MetaTrader 4, MetaTrader 5 or TradingView integration listed for this broker, so you are tied to the Exnova platform for charting, order placement and account management.

For most Indian users, the Android app or the web version will be the practical route. The iOS app is available, but availability in the Indian App Store can change without notice, so check before you plan around it.

A single proprietary platform means you learn one interface, which is simpler for a beginner. It also means you cannot take your trading history or custom indicators to another broker's platform if you decide to move.

If platform choice matters to you, note that some other brokers in this comparison offer MT5 or TradingView alongside their own apps. Exnova does not.

Exnova does not appear in any register we read. We found no licence on record for this broker, and our files note "no-regulator" as one of the warnings attached to it.

That absence matters in India. The Reserve Bank of India authorises persons dealing in foreign exchange and the electronic trading platforms they may use under FEMA. It does not license offshore forex platforms and fixed-time contracts. A broker operating from outside India without an Indian authorisation is not supervised by the RBI.

The RBI maintains an Alert List of entities not authorised to deal in foreign exchange under FEMA or to operate an electronic trading platform. As of 19 November 2025, the list held 95 entities, and the RBI states the list is not exhaustive. A resident trading outside permitted purposes or on an unauthorised platform is liable under FEMA.

We hold no record that Exnova appears on that specific RBI Alert List. We also hold no record of a licence for Exnova in any register we read. Both facts point the same way: this broker offers no regulatory protection you can verify from India.

Indian traders typically fund accounts through UPI, bank transfer, cards, or USDT. UPI is how most deposits here are made, usually through a payment partner rather than the platform itself. Bank transfer means IMPS or NEFT from any Indian bank. Cards work through Visa and Mastercard, subject to your bank's international transaction limit. USDT, usually on TRC-20, is the route traders fall back on when a card is declined.

Exnova does not publish a withdrawal processing time or a fee schedule that we could verify. Our files carry a "withdrawal-complaints" warning for this broker, which means users have reported difficulty getting money out. That is a complaint record, not a proven fact about every withdrawal, but it is the kind of signal you should weigh before depositing.

A practical point for Indian users: if you deposit via UPI through a payment partner, your money first reaches that partner, not Exnova itself. If a withdrawal is delayed or refused, the chain of responsibility is longer and harder to pursue from India.

The National Cyber Crime Reporting Portal is the route for reporting fraud if a platform takes your money and will not return it. Keep records of every deposit, every trade confirmation and every withdrawal request.

Exnova's $10 minimum deposit and $1 minimum trade sit in the middle of the range covered in this comparison. Deriv lists a lower $5 deposit and a $0.35 minimum trade, with payouts up to 100%. Pocket Option also lists a $5 deposit with a $1 minimum trade and 92% maximum payout. Quotex lists a $10 deposit, $1 minimum trade and 98% maximum payout.

On payout alone, Exnova's 92% ceiling is below Quotex, Deriv and several others. On deposit size, it is above Deriv and Pocket Option. On platform choice, it is narrower than Deriv and Pocket Option, which offer MT5 or MT4 alongside their own apps.

• Deriv: $5 deposit, $0.35 minimum trade, up to 100% payout, MT5 and TradingView available
• Pocket Option: $5 deposit, $1 minimum trade, up to 92% payout, MT4 and MT5 available
• Quotex: $10 deposit, $1 minimum trade, up to 98% payout, own platform only
• Exnova: $10 deposit, $1 minimum trade, up to 92% payout, own platform only

The regulatory picture differs sharply. Deriv holds licences on record including MFSA 70156, Labuan FSA MB/18/0024 and VFSC company No. 14556, with no regulator warnings we hold. Pocket Option holds MISA (Mwali) T2022086 but carries warnings from the FCA, CONSOB and CFTC. Quotex, like Exnova, has no licence found in any register we read.

If you are comparing on verifiable licensing, Deriv is the only broker in this set with multiple licences on record and no warnings we hold. Exnova sits at the other end of that spectrum.