Reported as a scam / unregulated
Why EXO Markets is on the register
EXO Markets claims to be operated by EXO MARKETS (Pty) Ltd, which is authorized by the Financial Services Conduct Authority (FSCA). However, our search of the official FSCA licensee register found no record of EXO MARKETS (Pty) Ltd. The licensed entity under the license number does not match EXO MARKETS (Pty) Ltd, either. This discrepancy strongly suggests that the firm’s regulatory claims are inaccurate or deliberately misleading. Besides, EXO Markets does not provide any other licensing information. Until verifiable evidence of legitimate authorization is provided, we assess EXO Markets as a likely unlicensed or fraudulent broker and advise extreme caution.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.