EXO Funding Review: Exofunding.io Faced Multiple Scam Allegations

Several complaints on Trustpilot indicate trouble using this prop firm, however, many traders still decide it’s worth their time. Why, you may wonder? It’s not surprising for traders to forget to conduct in-depth research before committing, which is where our EXO Funding review comes in.

Delve into the prop firm’s profile and discover more about the EXO Funding prop firm’s complaints, features, funded accounts, reviews, and more. Stay until the end and learn about an amazing alternative that will surely boost your profit chances. Additionally, check out Spikeet.

About EXO Funding

Through several challenge levels, EXO Funding provides funded trading accounts, enabling traders to access capital for trading without having to risk their own money. However, proprietary trading is still risky, and some would say it’s even riskier than trading with your own capital.

The company has had mixed reviews, too, with some traders raising issues with account breaches and delayed payouts. The only thing you never want to hear about the prop firm you plan on using is payout issues, as it is the only thing you need. 

However, the 95/5% profit split seems too tempting, so traders are lured into paying the evaluation fee and starting doing business with them. However, don’t let the profit split fool you because if the firm is not paying you, what use of profits do you have?

EXO Funding Features

EXO Funding MT5 and MT4 trading platforms are provided for completing the challenges and later with trading. The company is partnered with ThinkMarkets, a brokerage company regulated by CySEC. Traders can choose between a 1-step and 2-step challenge to complete before being given the capital.

After completing the challenge, traders will be provided with a funded account. A funded account is a fully simulated account with real market quotes from liquidity providers. The available assets include forex, indices, crypto, metals, and stocks.

Leverage is 1:100 for the challenge and verification phase and 1:30 for funded accounts. Trading on the EXO Funding MT4 and MT5 platforms is available through the broker, and traders are not able to connect accounts from any brokerage; only ThinkMarkets.

EXO Funding Funded Account

Traders can select funding levels in the range of $10,000 to $400,000 in the 1-Step Process. They offer no minimum trading days and infinite trading periods. There is a $400 daily maximum loss and a $800 maximum loss. For the EXO Trader and Challenge programs, the profit targets are $1,000 and unlimited. 

The funding amounts available through the 2-Step Process range from $10,000 to $400,000 as well. Additionally, traders have no minimum number of trading days and infinite trading periods. There is a $500 daily maximum loss and a $1,000 maximum loss. 

For the EXO Challenge, Verification, and EXO Trader programs, the profit thresholds are $800 and $500. The Verification stage is free, and the EXO Trader is eligible for a refund. The EXO Funding discount was not available at the time of writing.

EXO Funding Reviews

The EXO Funding payout complaints are all over Trustpilot, with 35% of the comments being 1-star reviews. There are 34 comments in total and the score on Trustpilot is 3.5 stars. That is unsatisfactory, to say the least. This company has faced multiple allegations of not paying its traders.

Many reviewers expressed dissatisfaction about not getting paid even if they fulfilled the standards. While one reviewer claimed to have been profitable but had not gotten a withdrawal after three weeks, another remarked that they had been waiting for a payment for more than a month. 

Incidents of account breaches and rude customer service were also reported. It’s important to note that some reviewers had favorable experiences, which emphasizes the necessity of doing your research before choosing to finance with EXO Funding.

Payment Options and Process

You can pay for the evaluation fee using your card, including Visa and Mastercard, or by using a wire transfer. The payment provider is Deel and that is where you choose the payment option. As for withdrawing your profits, the profit split of 95/5% is paid bi-weekly. 

Once you have passed 30 days on your funded account, you will be eligible for your first payout. Once the payout is requested, EXO Funding will process it within 3 business days, which could also depend on your payment method. A refund will be available only for accounts that didn’t place a trade in 14 days. 

Final Words regarding EXO Funding

Overall, EXO Funding has faced too many complaints about not paying up profits, which indicates a huge lack of transparency and a red flag. We encourage traders to search for alternatives to ensure a safe trading experience. 

One of those alternatives could be a tool like Cheddar Flow, or even some other proprietary trading firm. It could also be an AI-driven tool or even a trading journal; the possibilities are limitless.

Additionally, if you reach out, we can provide an alternative that will assist you in your trading endeavors. Instead of wasting your time and risking your funds with EXO, give us a call and experience proprietary trading on a different and safer level.

Safe, reliable, and secure, our prop firm provides you with capital and you can earn up to $180,000. The best thing is that everything is secure, ensuring a positive trading experience. As soon as you make profits, you will get them whenever you like, with no delays.

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