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Exnova

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Operating status: SCAM

Website: https://exnova.com/en/

Broker violations and abnormal records
  • 2025-01-07 BrokersView has reviewed hat Exnova is an unregulated broker

    Exnova claims to be operated by Digital Smart LLC, allegedly registered in Nevis. However, our investigation found no valid licensing information to confirm that Exnova is properly authorized or regulated. This is a significant red flag. Additionally, Nevis has been associated with reports of money laundering and tax evasion, due to its lax regulations and minimal investor protections.

    Meanwhile, Exnova claims that payment transactions are managed by Digital Smart Cy Limited, allegedly registered in Cyprus. However, they only provide a company registration number rather than a license from the Cyprus Securities and Exchange Commission (CySEC). It's important to note that a company registration number does not constitute a license from CySEC.

    In essence, Exnova is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.  Exnova appears to be a scam. 

    Exnova claims to be operated by Digital Smart LLC, allegedly registered in Nevis. However, our investigation found no valid licensing information to confirm that Exnova is properly authorized or regulated. This is a significant red flag. Additionally, Nevis has been associated with reports of money laundering and tax evasion, due to its lax regulations and minimal investor protections. Meanwhile, Exnova claims that payment transactions are managed by Digital Smart Cy Limited, allegedly registered in Cyprus. However, they only provide a company registration number rather than a license from the Cyprus Securities and Exchange Commission (CySEC). It's important to note that a company registration number does not constitute a license from CySEC. In essence, Exnova is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Exnova appears to be a scam.

Related Complaints

Q&A Complaints

Got scammed. Any solution for my money stuck in Exnova?

simon suen
Bangladesh
2025-01-08
ANSWER Dear Investor, We understand how frustrating and distressing this situation can be. We have recently seen an increase in the number of complaints from victims of Exnova and have been working hard to help them find possible solutions. We urge you to gather all the evidence and report it to your local authorities. Please discontinue any engagement with Exnova, regardless of their claims, to avoid further potential losses. We encourage you to file a complaint on our platform. Our dedicated team will thoroughly review your case and work diligently to help you find a possible solution. Lastly, please stay alert to recovery room scams, where unsolicited messages claim they can recover your funds for a fee. These fraudsters only aim to capitalize on the urgency to defraud money from victims of fraudulent investment schemes.
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1 comments

Marie Ann
This broker is a scam, wont let you withdraw, they suddenly blocked my account and became unresponsive with my emails after trying to withdraw just $10 from my $3000 account. Imagine what they could do to peoples hard earned money. To all the victims of this company, kindly reachout and stop this company from ruining other peoples finances.
2025-01-08
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