EFX AlgoReviews of easyfxtrading.com

Paid high fees for their trading bot but it quickly went into long drawdowns with big equity losses, support became unresponsive, and performance fell far short of what was advertised very disappointing.

I lost way more than I expected and it felt like nobody was there to help. Every time I tried contacting support, it took forever to get a response (if I got one at all). Overall it just didn’t feel trustworthy or reliable.

Joined this company with high hopes. It quickly occured to me that this algo was not working as described. During an extended 2 month draw down, there were two emails sent out each month, claiming that the algo was working exactly as it should. If a program has a two month draw down with mild market volatility... it's not working at all. In addition, the company cut off client chat rooms so we can't commiserate and tell each other how bad this program is. Zero transparency and not woth the time or money.

The team at EFX truly exceeded expectations and made sure I felt supported every step of the way. While no business can promise outcomes, EFX puts in real effort to give you the best chance at success. Challenges can happen, they're proactive and work hard to support their clients. Honest, ethical companies are hard to come by in this space, and EFX stands out for their leaders alone. They’ve earned my trust.

These could be well meaning folks for all I know. There is just one problem. Their product (Octane) absolutely sucks! I paid 17 GRAND for it and started with 20 grand. The first few months everything was great till April 2025. I let their product do all of the trading and regularly paid their $97 monthly maintenance fee. My equity fell below $3,000.00. Worst mistake I ever made. Yes I was a dope. Do not do this unless you hate your money. I lost $17,000 plus the cost and the wasteful monthly charge that did nothing to help as they closed all communications down because the few 12,000 people that had accounts were all complaining. Look elsewhere if it sounds too good to be true it is. Now they say I was never a customer to try to get my review removed!!!! I did loose all the money and they did not care. I have text messages with three individuals there as well EFX Algo Support. They will not let me post their names but I have them! How dare they say there are nothing with my name being a customer.

I have been an Octane client for about 15 months. The first few months were good. Since April 2025, it’s been a terrible, costly experience. There are no assigned representatives. The one I had was terminated and the only way I could speak to someone, was by pretending to be a new potential client. They turned off client feedback on their “circle” web site. Too many complaints I suspect. The only client feedback is when they are going to charge the monthly fee. If you are considering joining, research this extensively first and then look elsewhere.

A 41+% drawdown since April 2025. Equity reduced to less than half of what my account says. Account that moves back and forth a few dollars daily says $24,460, equity says $14,150. Called to find out the value of the account and they told me $14,150. Contacted EFX and received no response, would be nice if they fixed the problem or just cared. Made a substantial investment to gain access to the algorithm bot with nothing but losses and negatives for almost a year. My only hope is EFX fixes the problem and rights the ship instead of excuse after excuse for non performance !!!

I was a client of EFX Algo for an extended period and ran multiple live accounts. Initially, performance was strong, which led me to increase capital over time. Unfortunately, both accounts entered prolonged drawdowns that lasted close to a year. During this period, there were no clearly defined exit criteria, time stops, or transparent recovery plans provided. Risk management relied heavily on patience rather than predefined invalidation points. As the drawdown persisted, I reached out to both technical support and directly to the owner to request guidance on a structured, risk-defined exit. Despite previously responsive communication, I received no reply at the time it mattered most. Ultimately, I made the decision to fully close all positions on my own to protect remaining capital. While market conditions can always change, the lack of transparency, accountability, and communication during a critical period was disappointing. This may work for some during favorable market cycles, but prospective clients should clearly understand the drawdown behavior, risk structure, and what level of support to expect when performance deteriorates.