EFX AlgoReviews of easyfxtrading.com

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.

This review makes me sad to write. Scroll down to see my previous, premature glowing review. Year 1 returns were great! Communication was great. Community was active. I did notice some scrubbing of any comments that weren’t favorable but they usually privately addressed concerns via DM. Now? They barely talk with us (an occasional announcement) after silencing the entire community for months when poop hit the fan. They QUIETLY changed the risk and reward expectations AFTER signing up and didn’t bother telling anyone. Originally, Aggressive profile was 5%+ per month average return with a MAX HARD STOP at 35% DD. Now, aggressive REWARD says 3-5% (mine is 1.5%) and risk is 45%. So less reward and more risk while they continued to charge more and more and more. To make things worse, the MYFXbook link for their Octane account that they used to sell to us no longer is active. They apparently don’t even use the bot to run their account anymore. Doesn’t sound good that they don’t use their own product anymore. Since Octane they created 2 other more expensive bots- US02 and XGB. They don’t even market Octane anymore and won’t change everyone over for free if XGB is the superior bot. Look up those on myfxbook. Not performing well for $10k-20k price tag. I 100% truly once believed in the EFX team in the beginning. My previous review was honest and heartfelt at the time but honestly…WAY TOO EARLY to do it. Most bots perform well in first 6 months. But they DM all new customers asking for reviews and we are excited and do it. You can assume that all 5 star reviews are new customers, family and friends and all 1-2 star reviews are after the bots true average performance has kicked in after a year. This is NOT a scam company. I don’t think they set out to lie to people and rip them off. I think money got the best of them (we got a survey asking if we wanted to hear about other investment types/opportunities) and making millions off sales and monthly licensing fees ($97-297/mo) drove the “next big thing” instead of keeping one bot to continuously optimize to current market conditions. As a trader, one of the founders would have told you strategies have to be re-evaluated time to time. Octane does not appear to be optimized or monitored. Just yesterday GOLD was traded which everyone knows is highly volatile. 2 years and gold was never traded before. No warning. No explanation. I had a 4.38 LOT size trade on accounts we were told were micro trades (that trade lost) Many people are stuck over 35% dd (as high as almost 50) and I am personally stuck around 31% (for 9 months now) They will tell you it isn’t a realized loss, which is technically true but what good is balance gain if equity continues to drop and you can’t withdrawal without making those losses realized. They silenced unhappy clients for months, they have ceased the regular communication and EDUCATION they were once known for (and promised would resume back in September) The ONLY PLACE they respond is here at trust pilot because they are trying to save face and reputation. They don’t actually engage with private community much anymore. They constantly upped the price and charge high monthly fees when performance is very poor. My friend that I referred is hoping to escape at break even after 2 years. Many are taking their losses and pulling their funds. We used to have access to the results of all accounts so we could see how everyone was doing. They stopped that when big losses happened and people left. Transparency is gone. Trust is gone. Original sales and marketing materials have been scrubbed. I made a GREAT profit the first year. Second year I gave 75% of that back in losses/DD. Now I’m just HOPING the bot can recover from 30% dd without transferring that into a realized loss so I can take my money and take a break. We have no way of knowing if they are doing anything to make this better. Probably best to STAY AWAY from all EFX bot products. The creators/owners took their money and ran. Disheartening because I thought the owners were better than that. But…check US02 and XGB accounts on myfxbook to see for yourself. OCTANE poor performance. Us02 poor performance. XGB average with new accounts. I fully expect a cookie cutter response here like to every other honest review. Just know, they don’t bother addressing issues in private PAID community. Only where public might see and it hurt their rep.

trying to cancel this and get a refund. non of the phone numbers I have work and no one answers the email address I have. I've lost over 12000 and they charge me monthly for maintaining this. Give your money to a 3 year old and let them do what ever because these guys are not the answer. they say I don't exist, ok, go to myfxbook user name DukeNukem I wish I could post that actual data here. It claims I've gained 14% when actually I've lost over 13,000 dollars and they're still charging me monthly. No one answers any calls. They're thieves.. DON'T GET THIS.

invested 30k December 2024. after losses of the gains i saw from April 2025 i decided to take matters into my own hands today after trying to contact my sales guy, onboarding guy, and customer support all I got was silence/ignore for the last 10 days and again in the past 72 hours. HORRIBLE customer service. a 5 min phone call would have probably saved me $8000.00 today since I closed out all of the GBPUSD trades. (my fault for not knowing what the heck i shouldn't be doing) EFX ALGO customer service in my opinion after they have your money is NON EXISTENT. DONT get involved unless you have some experience with this technology and trade mechanics. I wish this was more favorable but i can't recommend EFX ALGO at this point. DO your due diligence and shop other Algos. SAD that most of the 1-star reviews are RECENT. UPDATED REBBUTAL to EFX ALGO response to my 1 star review: This rebuttal from EFX ALGO is nothing more than copy and paste in an attempt to discredit me. I find it fascinating/suspect/misleading they don't seem to have any records of my name and yet month after moth they charge my credit card for my subscription to use their Algorithm. MyfxBook will verify that i have an account and paid EFX ALGO to open the account/ PURCHASE THE LICENCE for $17,800 in 12/2024. i can provide last month's transaction number (to pay for my subscription) if someone wants to challenge me. Don't be misled...I can prove I have done business and continue to do business monthly with EFX ALGO...can they prove that i don't have an account??? Come on EFX ALGO, let's see who can produce verifiable evidence and who can't. your move EFX ALGO. At this point you owe me an apology for defamation, by throwing my testimony on this platform into question.

Unbelievable, this company has positive reviews! In April I paid 25 grand them for their "supposed" AI Algo Program and put 100K into the account. Lost 10 grand immediately, no one ever answered the contact persons phone I was given and never heard from them again. Beware!

Pushing 30 days since the end of my 90-day trial. ('0' profits - 1K loss during the trial). Still no direct contact from their accounting dept - if there even is one. Their Managing Partner claims 'they've had a lot of inquiries' as the continued excuse for no contact nor return but thanks me for my patience. Legit company or bait and switch? Unfortunately, looks like I have to get my attorney involved.

I have been with EFX for over a year now and my account is down over -15% yet they advertise their bot performance to be +20% for the same period. They are not counting huge unrealized losses that the account has incurred. There is definitely some shady performance reporting practice. I used to trust them, but I have completely lost my trust. They are borderline dishonest and deceptive in how they report performance. It is certainly not the standard required by SEC and FINRA. Do your own research before you invest with them. Additionally, the bot is not designed to handle volatility. It gains 5% in one month, then loses -15% the next month. All in all, the bot is not even close to what they advertise.

almost a year, they haven't delivered what was promised, not even close. They have it reporting through myfxbook, it reports completely wrong. they said 10 months now I guess I have to wait the whole year. After assuring me I was all set this would be maintained with all the latest ... " we have something better for 5K more" I haven't seen any worth while revenue. I Just want out!!! 29 OCT 2025 update. I have lost 13,000 dollars with this system. They are charging me 97 dollars a month. They promised me I would be over 17% a month growth. My account went the other way. I understand everyone's account went the other way.. 11NOV2025 GIVE ME BACK MY MONEY. no one returns calls, no help, nothing.. You charge me monthly and i got nothing. Where is this guarantee? i contacted you at 10 months because that was what i was told to be told contact you again at 12 months but no one returns my calls