Exnova Forex Broker Scam: Blocked Accounts, Lost Funds

Forex trading can be risky, and Exnova, an unregulated broker, seems to be a big problem. A recent customer complaint shows how Exnova might be scamming people by blocking their accounts and refusing to let them take out their money. This story is a warning about a broker that looks more like a thief than a trusted company.

The trouble started when a customer, who first put in $250, added more money, reaching $2,880 by December 26, 2024. When they tried to take out just $10, Exnova canceled the request, saying there was an “internal error.” Then, things got worse: the broker locked the customer‘s account completely. When the customer tried to sign up again, they got a message saying Exnova wasn’t available in their country. They sent emails to Exnovas support team, but got no reply. This feels like a clear sign of a scam.

Exnova‘s response was weak. They told the customer to email their support team and wait 48 hours for an answer. But since earlier emails were ignored, this promise seems empty. No updates have come, and Exnova hasn’t answered any follow-up questions, leaving the customers money stuck.

Looking closer, Exnova raises more red flags. They say they‘re run by Digital Smart LLC, based in Nevis, a place with almost no rules for businesses. Nevis is known for problems like money laundering and tax dodging, with no protection for customers. Exnova also claims its payments are handled by Digital Smart Cy Limited in Cyprus. But they only give a company number, not a license. Checks show this company isn’t licensed by the Cyprus Securities and Exchange Commission (CySEC). Exnova has no real proof its a legal, regulated broker, which makes it look very risky.

The customer who got scammed is warning others: think about losing all your hard-earned money. They‘re asking other victims to share their stories to stop Exnova from hurting more people. BrokersView, a group that watches forex brokers, says to avoid Exnova because it’s not regulated and seems to be a fraud.

This mess shows how dangerous forex trading can be, especially with brokers like Exnova that aren‘t regulated. These companies can take your money and disappear, with no one to hold them accountable. To stay safe, only use brokers approved by trusted groups like CySEC or the FCA. Exnova’s actions—locking accounts, ignoring customers, and hiding behind fake details—make it a broker to avoid at all costs. Protect your money and stay far away from this apparent scam.

Don‘t risk your money with Exnova! Check a broker’s regulation status before investing. Share your story and help stop scams—act now!

Exnova Cases: https://www.wikifx.com/en/dealer/1569136234.html