EFX AlgoReviews of easyfxtrading.com

If you like losing money go with EFX. One star because they don't offer zero. In November of 2023 I was convinced of their integrity by Josh and I wish I would have never listened. I've lost $24k with them. It was fine the first month and been down hill ever since. It mostly just held and gave me hope it would rise again. 2 years later and it finally fell hard again so I got out this morning. They would not answer any of my emails or calls since I started trying to get out for four months so I finally had to call My broker OX Securities and they disconnected EFX from my account and helped me close out the trades. Good luck, I would never recommend these guys to anyone.

Very poor performance. Continual increased draw down. Yesterday, a flat out loss of over 6k. I actually sending people their way a year ago but now I paused. I literally see no attempt to turn this thing around. Update from when I first submitted this review: Well, as of 3 days ago, my drawdown have decreased a third of the way. That is the most action I've seen since last year. Hopefully, it will keep decreasing to a manageable size of what they promoted.

If anyone is considering filing a class suit against EFX algo, please do let us know because of all us shared the same concerns. One of the main things they emphasized when they were promoting the system was capital preservation. That was repeatedly presented as their top priority. However, based on the actual results all of us experienced, the system continued trading even during deep drawdowns instead of protecting capital. They emphasized that their system will stop trading at 45 DD to preserve the remaining capital or equity and yet the system continues to trade which further compromise the accounts. The system was also marketed as being fully hands-free, meaning users would not need to constantly monitor the account or step in manually. In reality, many of us ended up having to closely watch the account and asked to intervene to avoid further losses. If others have had the same experience and are looking into possible legal options, it would be good to connect and compare notes.

Purchsed EFX Algo roughly a year and half ago. I just got out of all my positions today. So furiated with this company! Zero Customer Service Zero EVERYTHING. total loss was my license Fee of 10K and about 12.5K in my trading account. I just transferred everything out of my OX account today. This comapany is the worst. And to think they have over 50 positons on my trading account and none of them made money..LOL. What Joke. good riddens EFX. I WOULD NOT RECOMMEND this Comapany

It saddens me to write this review but it has been more than enough time that I speak up. I strongly caution anyone against investing with EFX at this point. I purchased the Octane bot in October 2023 (one of their first 50 clients) and holding on through 9 months of extremely high drawdown has come at significant cost. While their team communicated well during the first 18 months, Octane never delivered the advertised 5–8% monthly returns originally advertised—nor even the later revised 3–5% monthly returns. Performance worsened significantly after the tariffs hit in April 2025, and communication from EFX largely stopped along with them permitting us to post comments on the circle platform that they set up for all their clients to communicate on... Since then, EFX has removed nearly all transparency tools: 1. They disabled member communication inside their Circle platform after complaints increased due to large losses and extremely high drawdowns. 2. They shut down the live MyFxBook ticker that allowed clients to view and compare account performance between all 1,000 plus accounts. 3. They made their own Octane MyFxBook page private after clients noticed EFX’s account gained ~10% in April while most client accounts lost 5–30%. Questions about this on the Circle platform were deleted and never addressed—raising serious conflict-of-interest concerns and whether or not they were being entirely truthful with their clients about their personal bots performance.... I was one of the largest account holders, with over $700k invested initially. Despite aggressive settings, first-year returns averaged closer to 2% per month at best, while severe drawdowns restricted liquidity. The account currently showed approximately $95k in profit, yet about $270k remained locked in hedged trades (mind you a percentage of these locked trades were still holding from Jan of 25, almost a full year). Liquidating now would result in a net loss of roughly $195k after nearly two years—particularly frustrating during a record-breaking stock market year. My 2025 gains with the Octane algo totaled only 7% for the entire year, far below the advertised expectation of 3–5% monthly (or roughly 36–60% annually). By comparison, the rest of my stock portfolio was up about 40% for 2025, which makes the bot’s underperformance even more pronounced. Since April, 90-95% of their clients have been trapped in 30–45% drawdown, which now stands at almost a full year. The bot continues using a martingale-style strategy, doubling down rather than adapting, despite claims of AI learning. There have been no meaningful updates to the software to fix this. EFX insists the bot is “working as intended,” but no one—including EFX—can say if drawdown will ever normalize to a reasonable 5–8%. Despite this, EFX continues charging monthly fees ranging from $99 to $499, with no suspension offered during this 9 month prolonged period of losses and high drawdown. With over 1,000 clients, this likely generates $200k+ per month for EFX while clients remain stuck. I would strongly discount most 5-star reviews posted since April of 2025. They were once rated 4.8 stars on Trustpilot, but their score has fallen sharply all the way to 3.3. In my opinion, it would likely be much lower if current clients, many of whom feel trapped and hesitant to post honest negative reviews, spoke openly. This has been one of the most frustrating financial decisions I’ve ever made. If I could go back, I would not invest in EFX or Octane. I strongly advise staying away and not trusting their advertised performance claims. Many clients remain only because exiting now would lock in heavy losses. However, as we approach the one-year mark since this breakdown began, it is becoming increasingly clear that Octane may be fundamentally broken and unable to recover no matter what their monthly verbal update says... I hope this helps current and prospective clients approach EFX and its trading algos with caution—observe from a distance, but do not purchase. Despite wanting the platform to succeed, nine months of extreme drawdown, including five months of heavy losses, strongly suggest no meaningful updates to the Octane software—eroding confidence so I officially pulled the plug today... Proceed with extreme caution—or better yet, avoid this company entirely. When problems surfaced with their product, red flags multiplied, and the company went silent when customers needed transparency and support the most..

Beware scammers and gaslighters! Everything they claimed, running the Octane bot, was true for the 1st year then when it all went south and they moved the goal post and quietly changed the expectations and made excuses as to why it wasn't working as we were told. With the purchase of the bot, license fees and bot losses we're out about 20,000. They turned off communication between members, they gaslight you when you ask questions. They lie and say to other trustpilot reviewers that they were never a customer. 4% in a savings account is better than this scam!

I have reviews I made of this company taken down twice. Last week they claimed I had not been a client of the company. This is an outright lie. My customer service rep (I was asked here to remove the first name of my rep which I had included) was courteous throughout but misled me throughout the 18 months I held an account. In one day my account, which has started with $250,000 lost around 30% in April 2025 in a sudden 2 day drop. I reduced my account size to $20k. For a short while it rebounded but eventually tanked to just over 15k which I was able to recover. The bot/program is completely ineffectual at managing risk and doubles down on losers. It seems Trustpilot will eliminate reviews that the merchants object to them which is not fair to potential customers of shady businesses which EFX Algo is.

I lost 20000$ in my 33000$ account. they keep losing and losing the entire year. The 65% drawdown is alot. They dont care about your account. Their focus is their new system. While every other forex trading made money out of the predictable market, they incurred massive loss for entire users in the platform. They sugarcoat everything for you, but once you are in even in free trail, you are already trapped with loss of 6000 to 7000$. Their entire platform is in loss for entire last year 2025 till now. Only 8 months, they gave profit of few hundreds, they are wondering what to do. Keep your valuable money, don't waste it by giving them to gamble!