Review of Exo Investing

Exo Investing is a ready-to-invest platform that offers two main products - Individual Savings Account (ISA) and General Investment Account (GIA) - with investments starting at £5,000. It is a popular robo-advisor, especially for beginners.
By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as… read more.
Updated: Jun 4, 2021
3/5 Star rating
17 min read
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Exo Investing was launched in 2018 and within a year has already managed to win two industry awards and secure the trust of thousands of clients. Find out everything you need to know about Exo Investing in this review including its security features, supported payment methods and fee structure. 

Pros & Cons

Pros:

Minimalistic, easy to navigate user interface
Detailed daily chart and other key metrics about where your money is being invested
Regulated by the Financial Conduct Authority (FCA)

Cons:

What can I do with Exo Investing?

Founded in 2018 by CEO Lennart Asshoff, Exo Investing combines three key elements: the client’s investment preferences, the platform’s proprietary risk management technology, and low fees. Exo is akin to a virtual private banker, in that all you have to do is simply sit back while it manages your portfolio for you.

You might want to use Exo Investing if:

  • You’re a beginner investor with little to no knowledge about the investing 
  • You’re a passive investor looking for a personalized investment portfolio
  • You’re a self-directed investor who is looking for an affordable investment platform

Exo Investing portfolio and account options

How does Exo Investing work?

As opposed to other robo advisors, Exo Investing focuses less on human input and more on AI and high-proficiency algorithms to dynamically manage clients’ portfolios on a daily basis. Exo Investing analyses data on every ETF listed on the London Stock Exchange daily to better understand the dynamics of price, index, tracking error, size, volatility, and return. 

One of the advantages of the platform is that it allows investors to make changes to their portfolios dynamically and daily without any additional costs, which can result in greater gains, when taking into account fees over the long-term.

Exo Investing offers two types of investment accounts – Individual Savings Accounts (ISA) and General Investment Accounts (GIA). In addition, it gives you three options when creating a portfolio – Automatic (AI creates your portfolio based on your profile), Assisted (You are allowed to make some individual selections before Exo creates your portfolio), and Custom (Build your own portfolio by selecting specific sectors, assets, and weightings). 

How does Exo Investing invest my money?

Investing with Exo allows you to choose where you want to invest, while Exo conducts a thorough analysis for you. Currently, you can choose to place your money in three types of assets:

The bonds offered for investment include short-term government, government, corporate, and high-yield. 

Stocks are available in two main areas – healthcare and technology and can be picked from among hundreds of names spread across the UK, Europe, United States, and emerging markets.

Finally, those who choose to invest in alternative assets have the option to select from gold, private equities, real estate, and commodities

Exo Investing account types

Exo Investing offers two types of accounts, each designed to meet the requirements of different clients – Individual Savings Account (ISA) and General Investment Account (GIA).

Individual Savings Account (ISA)

The Stocks & Shares ISA is designed to reflect your own unique set of financial goals and situation. It is a tax-efficient way to invest your money, as there are no capital gains or other taxes associated with the account. Having said that, it is restrictive, with an annual cap of £20,000 set on contributions and penalties for withdrawals.

General Investment Account (GIA)

A GIA allows you to invest as much or as little as you want without any restrictions or limits. While there are no overt tax benefits, you do retain the flexibility of being able to deposit as much or as little as you like and all withdrawals are free, with no associated penalties.

Exo Investing investment options

Each of these account types comes with its benefits and limitations, so a thorough analysis of your investment portfolio made by Exo’s AI system can help you pick the right option for you and your funds. 

Individual Savings Account (ISA)

  • You can open an ISA if you’re a UK tax resident aged 18 and over, and have a UK bank account.
  • A Stocks and Shares ISA offers the potential for a greater return than a regular Cash ISA.
  • You won’t be charged any transaction fees, trading fees, or hidden commissions.
  • You can also transfer an existing ISA from another institution to Exo Investing.

General Investment Account (GIA)

  • You can start investing with £5,000.
  • A GIA allows you to invest your money without any limits.
  • It is less efficient than an ISA or Pension, but represents an easy way to grow your money.
  • Your portfolio will be made up of Exchange Traded Funds (ETFs) to maximise your exposure to different sectors and industries.

Fees, limits, and payment options on Exo Investing

What are the deposit and withdrawal methods available with Exo Investing?

Exo Investing currently only accepts money transfers that come from the bank account associated with your Exo profile. These can take up to three business days while the platform verifies bank information.

You will receive a confirmation email as soon as the process is completed.

Are there limits or fees on Exo Investing withdrawals and deposits?

The minimum deposit for any type of Exo Investing account is £1 and there are no maximum investment limits. 

Exo Investing runs a zero-fee policy, which is fairly standard among robo advisor platforms. It also doesn’t charge any transaction fees, which means deposits and withdrawals are free, regardless of the sum. 

Account typeDeposit limits/feesWithdrawal limits/fees
ISALimit: £20,000 (annual limit)
Fee: None
Limit: None
Fee: None
GIALimit: £1
Fee: None
Limit: None
Fees: None
See all account types >

How much are Exo Investing’s fees and commissions?

The total management fees when investing with Exo Investing range from 0.50% to 0.75% annually, which is within the industry average. However, fees depend on the total assets under management and are calculated like this:

  • 0.75% from £5,000 to £100,000
  • 0.50% for any amount invested over £100,000

The fee is VAT inclusive and covers investment management, technology costs, and custodian charges. 

Clients investing with Exo need to be aware of two additional fees outside of the platform’s control that they will have to pay – fund charges directly incurred by ETF providers, which average 0.25% annually, and the bid-ask spread that averages 0.03% per transaction for most of the ETFs in Exo’s asset universe.

Fee typeAccount typeAmount
Account management fee
Accounts £5,000-£100,000
Accounts over £100,000
0.75%
0.50%
Fund charges (ETFs)All accounts0.25% on average
Bid-ask spread (ETFs)All accounts0.03% per transaction
Exo Investing fee list >

Exo Investing investment limits

Although the minimum deposit starts at £1, you will need at least £5,000 in your account to start investing. Additionally, you can choose to increase or reduce contributions to your investments as you wish.

Investment typeMinimum limitMaximum limit
ISA£5,000£20,000 (annual limit)
GIA £5,000None
See all investment limits >

Exo Investing investment platform

What devices can I use Exo Investing on?

Currently, Exo Investing is designed to work as both a web app and a mobile app, available for both iOS and Android users. iOS users can download the app directly from the App Store, while Android users can get the app from Google Play. The mobile app is functional on smartphones and tablets.

  • Web browser
  • Tablets
  • Android Mobile Devices
  • iOS Mobile Devices

Can I use Exo Investing in my country?

Currently, Exo Investing is only available for clients based in the UK.

Is Exo Investing available in my language?

Currently, Exo Investing is only available in English. 

How easy is it to use Exo Investing?

Exo Investing was created primarily for passive investors who would like to automate their investment portfolio. The Exo Investing website and mobile app are simple and easy to use in this regard, providing all the necessary information so that clients know everything about investing on the platform upfront. 

When you sign up, you will have to fill in a questionnaire that will reveal exactly the type of account you want, your risk profile, and the options you have to increase your profits. 

Key features

Exo Investing is one of the most affordable robo advisor platforms available for clients in the UK. Here are some of its main features:

Daily Management of Client Portfolios

Unlike other robo advisors, Exo reviews and manages each client portfolio daily to ensure that they are calibrated to your goals and individual situation.

Low annual fees

Exo Investing offers some of the lowest annual fees in the industry (under 1% per annum) All Inclusive, but this can drop to only 0.75% if you invest more than £100,000.

Flexible portfolio

As opposed to other similar robo-advisors, Exo Investing allows increased flexibility and discretion to all its clients, so that they can choose their own ETFs and stocks for a potentially higher rate of return.

Security and regulation

Is Exo Investing safe?

Exo Investing is rigorously compliant with the Data Protection Act and GDPR, which means your information is safe. The account password is ciphered and the company uses the highest security standards to protect your information, which implies SSL certificates, TLS protocols, and VPNs to secure communications with third-parties and prevent interceptions. 

In addition, Exo Investing tracks user logs and gets in touch with you as soon as a server detects any suspicious activity related to your account.

Am I and my funds protected?

Your money and securities are held by a secure, third-party custodian bank, Winterflood Business Services. To further increase your security, all assets in your portfolio are held separately from Winterflood’s assets. 

Winterflood is a member of the Financial Services Compensation Scheme (FSCS), which means that in the unlikelihood of the insolvency of Exo Investing or Winterflood, clients’ accounts are entitled to compensation up to £85,000.

Is Exo Investing regulated?

Yes, Exo Investing is the trading name of Exo Investing Limited and is authorised and regulated by the Financial Conduct Authority (FRN: 748161) in the UK. 

Do I have to verify my account with Exo Investing?

Yes, Exo Investing runs a KYC policy and requires all clients to provide personal information about them before being authorised to open an investment account with Exo Investing. 

Extra information

Educational resources 

Exo Investing provides limited educational resources, but does include extra information about how the platform works, how its approach is different, and what you can do with each type of account. Besides this, Exo Investing also runs a blog that contains the latest news about the company, as well as some useful information about the investment markets in general.

Customer support

Clients looking for live customer service will be disappointed, as you cannot get in touch with Exo Investing directly via live chat or phone. Instead, all inquiries have to be sent via email to: [email protected].

Our verdict

Exo Investing is an artificial intelligence powered, robo advisor platform. The company behind the platform is fully regulated and insured by recognised financial authorities in the UK, where it is based. Offering a sense of security for everyone looking to still take part in their domestic or international investing markets.

Exo Investing offers two types of accounts: ISA and GIA and unlike similar robo advisors, allows a higher degree of flexibility to their GIA clients, meaning you can select your own assets to invest in, among hundreds of potential ETF, stock, and alternative asset choices. The headline management fees of 0.50% to 0.75% annually are acceptable, but we have seen lower and the £5,000 minimum account balance that must be maintained is a potential deterrent for those brand new to investing.

Overall, Exo’s claim that their algorithms and methodologies have been optimised and tested for decades, proactively managing people’s money through a wide variety of market conditions, make them stand out in a field (robo advisory) with an ever-increasing number of choices for clients.

How to open an account with Exo Investing

  1. Enter your personal information, such as email, name, and address.
  2. You will be asked a series of questions to assess the level of risk for your portfolio. 
  3. Once you complete all the questions, Exo will assign you a risk level between 1-10, and you can proceed to choose the type of account you want to open.
  4. At the moment, Exo only offers a Stocks and Shares ISA and a General Investment Account (GIA), although it is on track to expand its offering with a Pension account soon.

Who owns Exo Investing?
How does Exo Investing make money?
Do I have to pay tax on Exo Investing profits?
How do I sell on Exo Investing?
How do I delete my Exo Investing account?
How can I short on Exo Investing?
What if I forget my account password?
Can I transfer from my Exo Investing account into my PayPal account?
What if Exo Investing closes down while I have active investments?
Can I pay in Bitcoin with Exo Investing?
Does Exo Investing offer bonuses?
Can I get financial advice from Exo Investing?
Can I see my entire financial portfolio on Exo Investing?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Charlie Hancox
Financial writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.

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