How to Deposit and Trade Binary Options on Exnova

Depositing Funds on Exnova: A Step-by-Step Guide

Making Exnova Deposits through Bank Card (Mastercard)

Exnova supports deposits via major credit and debit cards, providing a convenient and swift option. Card information is encrypted and securely stored, reducing the risk of unauthorized access.

Step 1: Account Setup and Login

Before you can deposit money on Exnova, ensure that you have successfully created an account and logged in. If you haven’t registered yet, visit the Exnova website and follow the registration process.

Step 2: Navigate to the Deposit Section

Upon logging in, you will be directed to your dashboard. Click on the "Deposit" section.

Step 3: Choose Your Preferred Payment Method

Exnova offers a variety of payment methods for depositing money. Select the "Mastercard" payment method.

Step 4: Enter Deposit Amount

Specify the amount you wish to deposit into your Exnova account. Exnova has minimum and maximum deposit limits, so ensure your deposit falls within these boundaries. The maximum deposit amount is $1.000.000 and the minimum deposit amount is $10 for Mastercard.

Step 5: Provide Payment Details

You will be redirected to a new page where you will be requested to enter your card information. Exnova takes security seriously, so your sensitive information is encrypted and handled with the utmost care.

• Cardholder Name: The name as it appears on the Mastercard.
• Card Number: The 16-digit number on the front of the card.
• Expiry Date: The month and year when the card expires.
• CVV/CVC: The three-digit security code on the back of the card.

Once you’ve completed all the necessary steps, click the "Submit" button.

Step 6: Confirmation and Notification

After the deposit is processed successfully, you’ll receive a confirmation notification on the platform. Additionally, you might receive an email or SMS confirming the deposit transaction.

Making Exnova Deposits through E-wallets (Advcash, Perfect Money)

E-wallets like Advcash and Perfect Money are popular digital payment solutions. They offer a secure way to deposit funds without directly sharing sensitive financial details. These platforms implement strong authentication processes.

Step 1: Navigate to the Deposit Section

If you are in the trade room, press on the green ‘Deposit’ button. This button is located at the top right corner of the page.

Step 2: Select E-Wallets as Your Deposit Method

From the list of supported e-wallets, select the one you wish to use for your deposit. Exnova typically supports popular e-wallets like Advcash, Perfect Money and more. Click on your chosen e-wallet to proceed.

Step 3: Specify the Deposit Amount

Enter the amount you intend to deposit into your Exnova account. Make sure your chosen amount adheres to Exnova’s minimum and maximum deposit limits. The maximum deposit amount is $1.000.000 and the minimum deposit amount is $10.

Step 4: Authenticate with Your E-Wallet

You will be directed to your chosen e-wallet’s interface to complete the authentication process. Log in to your e-wallet account using your credentials to confirm the transaction.

Step 5: Confirmation and Notification

Upon successful completion, you will receive an on-screen confirmation within the Exnova platform. Additionally, Exnova may send an email or notification to notify you of the deposit transaction.

Making Exnova Deposits through Cryptocurrencies (BTC, ETH, BNB, ADA, LTC, USDT)

For users inclined towards digital assets, Exnova accepts cryptocurrency deposits. This method leverages blockchain technology for secure and transparent transactions. Users can deposit various cryptocurrencies, which are converted to the chosen trading currency.

Step 1: Navigate to the Deposit Section

If you are in the trade room, press on the green ‘Deposit’ button. This button is located at the top right corner of the page.

Step 2: Select Cryptocurrency as Your Deposit Method

In the deposit section, you’ll be presented with various funding options. Exnova typically supports a variety of cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and more. Choose the "Cryptocurrency" option, which signifies your intent to fund your account using digital assets. 

Step 3: Enter Deposit Amount

Enter the amount you wish to deposit into your Exnova account. Exnova has minimum and maximum deposit limits, so ensure your deposit falls within these boundaries. The maximum deposit amount is $2.000 and the minimum deposit amount is $50 for Bitcoin.

Step 4: Generate a Deposit Address

For each supported cryptocurrency, Exnova provides a unique wallet address to which you will send your funds. This address is crucial for ensuring the secure and accurate transfer of your cryptocurrency. Copy the provided wallet address.

Step 5: Initiate the Cryptocurrency Transfer

Open your personal cryptocurrency wallet or exchange account from which you’re sending the funds. Initiate a transfer to the Exnova wallet address you copied in the previous step. Ensure you accurately input the address and double-check all details before confirming the transfer.


Step 6: Verify and Confirm

Once the transfer is initiated, you may need to wait for the required number of confirmations on the blockchain before Exnova processes the deposit. This helps ensure the security and integrity of the transaction.
 

Step 7: Conversion and Availability

Exnova may convert the cryptocurrency deposit into the platform’s native currency or another applicable currency. This conversion enables you to seamlessly engage in various financial activities on the platform.

Frequently Asked Questions (FAQ)

Debit vs. Credit Cards: Is Depositing with a Credit Card Possible?

You can use any Mastercard or Maestro (with CVV only) debit or credit card to deposit and withdraw money, except for Electron. The card must be valid and registered in your name, and support international online transactions.
 

Boleto Payment Processing Time: When Will My Account Be Credited?

Boletos are processed and credited to your account within 2 business days.

Bank Transfer Deposit Processing Time: When Will My Account Be Credited?

The standard maximum time limit for bank transfers is 2 business days, and it can take less. However, just as some boletos are processed in less time, others may need all the time of the term. The most important thing is to make the transfer on your own account and place a request through the website/app before making the transfer!

Depositing Funds on Exnova: Can I Use Someone Else’s Account?

No. All deposit funds must belong to you, as well as cards ownership, CPF and other data as outlined in our Terms and Conditions.
 

Exnova Minimum Deposit: How Much Do I Need to Start Trading?

Traders can initiate trading on Exnova with a minimal deposit of $10, giving them the flexibility to add further funds to their trading accounts from this base amount. Once the account is funded, the broker permits traders to engage in trading activities across a spectrum of over 250 assets, with the option to place trades starting at just $1.

How to Trade on Exnova

What is an Asset on Exnova?

Exnova offers a diverse selection of assets across different categories:

• Equities (Stocks): Stocks represent ownership in a company. When you own a stock, you own a share of that company’s assets and earnings. On Exnova, you can trade stocks of companies listed on major stock exchanges.

• Commodities: Commodities are physical goods like gold, and oil. Exnova allows traders to speculate on the price movements of these goods without owning them physically.

• Currencies (Forex): Forex trading involves the exchange of one currency for another. Exnova provides a platform for trading major and minor currency pairs, enabling traders to profit from fluctuations in exchange rates.

• Cryptocurrencies: Cryptocurrencies are digital assets that use cryptography for security. Exnova offers a range of popular cryptocurrencies like Bitcoin, Ethereum, and others for trading.

• Indices: Indices are benchmarks that represent a collection of stocks from a specific market. Trading indices on Exnova allows investors to speculate on the overall performance of a market segment.

To choose an asset you want to trade on, follow these steps:

1. Click on the asset section at the top of the platform to see what assets are available.

2. You can trade on multiple assets at once. Click on the “+” button right from the asset section. The asset you choose will add up.

How to use Charts, Indicators, Widgets, Market Analysis on Exnova

Exnova provides a comprehensive array of tools designed to equip traders with invaluable insights and advanced analytical capabilities. This guide will explore the proficient utilization of charts, indicators, widgets, and market analysis features available on the Exnova platform. By harnessing these resources adeptly, you can foster well-informed trading decisions and elevate your overall trading journey.

Charts

Exnova trading platform allows you to make all your presets right on the chart. You can specify order details in the box on the left-side panel, apply indicators, and play with settings without losing sight of the price action. 

Want to trade multiple options at a time? You can run up to 9 charts and configure their types: line, candles, bars, or Heikin-ashi. For bar and candle charts, you can set up the time frames from 5 seconds up to 1 month from the bottom left corner of the screen.

Indicators

For in-depth chart analysis, use indicators and widgets. Those include momentum, trend, volatility, moving averages, volume, popular, and others. Exnova has a fine collection of the most-used and essential indicators, from XX to XX, over XX indicators in total.

If you apply multiple indicators, feel free to create and save the templates to use them later

Widgets

Widgets can help your decision-making big time. On the platform, you can use widgets like traders’ sentiment, high and low values, trades of other people, news, and volume. They will help you monitor changes in real time.

Market analysis

No matter if you trade options, Forex, stocks, metals, or cryptos, knowing what’s going on with the world economy is essential. At Exnova, you can follow up on the news in the Market Analysis section without leaving the traderoom. Smart news aggregator will tell you what assets are the most volatile right now, and themed calendars will give you an idea of when is the best moment to take action.

How to Trade Binary Options on Exnova?

Exnova is an advanced trading platform that offers access to a wide range of financial instruments, including stocks, commodities, currencies, cryptocurrencies, and indices. To start trading on Exnova, follow these steps:

Step 1: Choose an Asset:

The percentage next to the asset determines its profitability. The higher the percentage – the higher your profit in case of success.

Example. If a $10 trade with a profitability of 90% closes with a positive outcome, $19 will be credited to your balance. $10 is your investment, and $9 is a profit.

Some assets’ profitability may vary depending on the expiration time of a trade and throughout the day depending on the market situation.

All trades close with the profitability that was indicated when they were opened.

Step 2: Choose an Expiry Time:

The expiration period is the time after which the trade will be considered completed (closed) and the result is automatically summed up.

When concluding a trade with binary options, you independently determine the time of execution of the transaction.

Step 3: Set Investment Amount:

The minimum amount for a trade is $1, and the maximum is $20,000, or an equivalent in your account currency. We recommend you start with small trades to test the market and get comfortable.

Step 4: Analyze the price movement on the chart and make your forecast:

Choose HIGHER (Green) or LOWER (Red) options depending on your forecast. If you expect the price to go up, press "HIGHER" and if you think the price to go down, press "LOWER".

Step 5: Monitor Trade Progress:

Once the trade reaches the selected expiry time, the platform will automatically determine the outcome based on the asset’s price movement. If your prediction was correct, you will receive the specified payout; if not, the invested amount might be lost.
Trading History.

How to trade CFD instruments (Forex, Crypto, Stocks, Commodities, Indices, ETFs) on Exnova?

New CFD types that are available on our trading platform include Forex pairs, cryptocurrencies, commodities, indices, and more.

The trader’s goal is to predict the direction of the future price movement and capitalize on the difference between the current and future prices. CFDs react just like a regular market: if the market goes in your favor, then your position is closed In-The-Money. If the market goes against you, your deal is closed Out-Of-The-Money. In CFD trading, your profit depends on the difference between the entry price and the closing price.

In CFD trading, there is no expiration time, but you can use a multiplier and set stop/loss, and trigger a market order if the price gets to a certain level.

Trading CFD instruments on Exnova opens the door to diverse market opportunities, including Forex, cryptocurrencies, and other CFDs. By understanding the basics, employing effective strategies, and utilizing the user-friendly Exnova platform, traders can embark on a rewarding journey in the world of CFD trading.

Frequently Asked Questions (FAQ)

What is the best time to trade for trading?

The best time to trade depends on your trading strategy and other factors. We suggest that you pay attention to the market timetable since the overlap of the American and European trading sessions makes prices more dynamic in currency pairs such as EUR/USD. You should also keep an eye on market news that could affect the movement of your chosen asset. Inexperienced traders who don’t follow the news and don’t understand why prices fluctuate are better off not trading when prices are very dynamic.

What is the minimum investment amount to open a trade?

The minimum investment amount to open a trade on Exnova is $1.
 

What is the profit after the sale and the expected profit?

"Total Investment" shows how much you invested in the trade.

"Expected Profit" shows the possible outcome of the trade if the chart remains at the current level by the time the trade expires.

Profit after Sale: If it is red, it shows how much of your investment you will lose after the trade expires. If it is green, it shows how much profit you will make after the sale.

The Expected Profit and Profit after Sale figures are dynamic. They vary depending on several factors, including the current market situation, the proximity of the expiration time, and the current price of the asset.

Many traders sell when they are not sure if the trade will make them a profit. The selling system gives you the opportunity to minimize your losses.

How does a multiplier work?

In CFD trading, you can use a multiplier that can help you control a position in excess of the amount of money invested in it. Thus, potential returns (as well as risks) will be increased. By investing $100, a trader can obtain returns comparable to an investment of $1,000. However, remember that the same applies to potential losses as they will also be increased several times.

How to use Auto Close settings?

Traders use Stop Loss orders to limit losses for a particular open position. Take Profit works in much the same way, allowing traders to lock in a profit when a certain price level is reached. You can set the parameters as a percentage, amount of money or asset price.
 

Conclusion: Navigating Exnova’s Trading Platform for Smooth Trading

To access the various investment opportunities and financial transactions on Exnova, you need to deposit money on the platform. This guide will show you how to do that securely and conveniently, using Exnova’s advanced financial ecosystem. Make sure to protect your account credentials and personal information to ensure the safety of your transactions, and enjoy the advantages of a digital finance platform that values innovation and convenience.

Exnova offers traders a dynamic and potentially profitable way to trade binary options in financial markets. To succeed in this endeavor, traders need to learn the basics, apply effective strategies, and use proper risk management techniques. This will help them trade confidently on the platform and pursue their trading goals.