EFX AlgoReviews of easyfxtrading.com

I am honestly surpised how reviewers here can provide positive reviews on EFX. Their bot, Octane and its algorithm is poorly designed and does not learn or adjust. The bots have experienced significant drawdown immediately after 'liberation day' tariffs by Trump (April 2025), and then was able to recover some of those losses, but then went to another major drawdown during the recent past week (worse than the liberation day drawdowns). That tells me, EFX management and the team who coded Octane are bad traders in real life. I am just waiting for the drawdown to recover a bit, then I am out. Hold on to your money and you will be better off investing in SPY or QQQ.

I signed up in October 2024 and started with $100,000 due to all the great reviews on Trustpilot along with a recommendation from someone in another Discord trading channel who told me that his performance starting in early 2024 was decent. The first few months were okay for me with a few percent gains per month and I ended up paying taxes on the end of year gains for 2024. The filing of taxes for a foreign account (required) was a headache later. Despite some big drawdowns from multiple GBPUSD contracts, the EFX bots worked eventually worked their way out. I decided to put in an additional $110,000 for $210,000 total in 2025. This was a big mistake as all hell broke loose in early April 2025 and similar to others in the EFX community, we lamented on losing so much money when the Trump tariffs news started. My account at the peak was at $243558 (balance, which is the account value, not including any losses on gains on current holdings) and at one point in early April. On April 7, this balance dropped to $179,000, which was a drop of 26.5% in 1 day! A few people in the community reported drops of 30-40% and at least 1 person closed out their account. People commented that they weren't really getting back responses from EFX and many questions had to be posted by people in obscure areas of the chatroom. I stuck with EFX and finally after months, it got back up to 242,700 in balance on August 7, 2025. However, my equity was at $193,500 on August 7, 2025 since the drawdown on the current contracts I am still holding increased dramatically. Equity is equal to the balance subtracting out any current contracts with losses and adding gains on any current contracts with gains. It is the amount you would get if you liquidated the account and my current holdings on August 7 were -$49,200. EFX charges monthly fees based on balance rather than equity which is advantageous to them, but detrimental to the customer since if I liquidated the account, I would be losing money and they could potentially get even more money once my balance goes over $250,000 ($297 per month vs $197 per month under $250,000). To guard against my account going over, I withdrew $5050 and brought the balance down to a better safety margin under $250,000. My drawdowns from August 7 mainly consisted of AUDCAD shorted contracts from April (about -$20k) and GBPUSD shorted contracts (poor trades on GBPUSD yet again from EFX) from July 31, 2025 (~$24k). Two weeks ago EFX made a group announcement that the system had officially recovered all realized losses from the April market event, which is completely untrue as my account is still holding -$20k in losing contracts from April. I messaged EFX and they said that everything was in working order with my account. I told them that their news announcement was misleading to others as evidenced by my account. I let them know that SPY and QQQ have recovered from the huge April drawdowns and now are up at all-time highs unlike my EFX account. If I were to liquidate now, then I would be losing $17000, including the big initial payment for EFX and the monthly fees I've been paying ($197/month), plus the taxes I paid on gains from last year (which I paid, but the account is losing now), plus the 1 year I paid upfront with their recommended VPS (they should have told me not to pay 1 year upfront when I signed up since they were already working on migrating all accounts to EFX VPS which was free, 2 months after I signed up with Chocoping). If I had put the money in QQQ/SPY, instead of losing all this money, I would have had nice gains. Also, after I signed up with EFX Octane, a few months later, they came out with a US version, which they didn't let me know when I signed up with Octane. Morever, a few month ago, they have yet another system that trades more than just Forex. In addition, I asked EFX if they could help reassure me that things will improve with their Octane system. I have received no replies to this and my question about misleading news that all April losing positions were closed out. I didn't want to write this negative review, but their unresponsiveness, left me no choice but to warn others about EFX. I drank the Kool-Aid wanting to get better returns than SPY and I patiently waited hoping that things would get better, despite my girlfriend and family telling me that EFX's system isn't going to be favorable and to get out much sooner. Beware of their 1 year money back guarantee too since it is based on balance, so that you wouldn't get anything back if your balance is positive, despite holding losing positions which would make your account negative if you liquidated. I told EFX that they should base their monthly fees and guarantee on equity since that is the bottom line, but they didn’t agree. I’m paying monthly fees, but not getting responses.

I'm very disappointed in the returns of the Octane algorithm thus far. I joined in mid-October 2024 and my account stayed positive only for a couple of weeks max. If has been negative since then and continues to slowly decrease in value every week. In 9 months the equity value of my investment has decreased by 12.3% and that is on the "moderate" setting. The customer service at EFX is great and I believe they are truly dedicated to the success of their product for their customers which is why I am giving 2 stars rather than one. All said, I wish I hadn't purchased the Octane license and invested $30k of my money. Considering the very high initial cost of the algorithm, and the ongoing $97 monthly license fee, I am down almost $17k (includes license fees), so not good). I intend to stay for the long term but all in all, I wish I had never invested my money this way. I'm scratching head wondering how all these customers are in the black. Am I the exception? Doubtful.

We've had a positive experience working with this group; they've been helpful and authentically responsive to our start with them. Our initial investment is up about 3%/month or about 36% annually. It's steadier than the comparable covered-call ETF's, and I think it has potential for higher returns. We've only been in for 2 months, so we'll see! We plan to add to our position.

Well done Danny and the team Completed one year end of March with Octane GP was 50.30% NP was 43.17% Impressive figures for sure obviously didn’t include April's 25 figures On that note I am pleased to say the losses for April which affected everyone have now been recovered as of end of June so a two month recovery (impressive) DD still needs a little work but it’s on the way down , well done octane it’s performance in a very unique difficult environment has been excellent Looking forward to the next 12 months

I always have a great experience when I have questions on anything. Austin, who has been with me from the start has always had all the answers to what I need to know. I feel comfortable emailing and knowing that I'll get a quick response and he's very knowledgeable about the system, how it works and what to look for!

I've been with EFX in various guises for a couple of years now and never fail to get great customer service...I migrated one of my trading bots to one of their in-house VPS platforms the other day, and it looked slightly different to what I was used to seeing, so kept asking for reassurance that everything was ok and was working as it should...the response times were almost instant and the reassurance gained was great, Top work guys!

Wow, Austin and the whole team at EFX Algo always do so much to impress me...service is always over the top, always make it as easy as possible on me when changes are needed. I love it!