EFX AlgoReviews of easyfxtrading.com

*UPDATE* This company is now trying to claim I never had an account with them, and thus my 1 star review is invalid, as you can see from their response. What a cowardly and despicable thing to do. The fact of the matter is your company sucks and your product is garbage. You and your rubbish product earned the hate. Stop trying to weasel out of the one star reviews you deserve and take it like a man. I purchased EFX Algo in September of 2024. I was happy with the results as I did see the monthly gains advertised for many months. In April of 2025 I was up up over 20%, then it crashed down overnight with major losses due to how tariff talks were affecting the market and volatility with the AUD/CAD currency pair. All my profits were pretty much liquidated. Fast forward to now, and it went up to 20% gains again, just to crash down and lose all profits. It constantly holds on to losing trades, which is called drawdowns. I have at least $2000 in bad trades/drawdowns in the same currency pair it had so much problems with before, AUD/CAD. When it comes to drawdowns, this company loves to gaslight and say they aren't really losses... I beg to differ. Total I'm down to $19000 of my original $20000 investment. An entire year has gone by and all it's done is lose money. When you factor that in with the high pricetag on the license plus the monthly fee, you can see that this is a poor investment.

I purchased a package a year ago started off. OK last five months have been negative. My account is in the negative. It’s time to take my losses and move on.

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.

6 weeks since my first post. From a community that could engage regularly and were always treated with special care and respect to now get 2 posts a month with the comments disables and not a single person able to speak in the community forum EFX has really failed their users lately. I see a few reviews that are positive from individuals that says its been amazing. The issue is like myself they joined in a time after the big drawdown. Like me they will have decent returns. I almost had 25% growth in 6 months. But like me the day will come when the drawdown will suddenly shoot up to 40%. I have gone from +20% to - 10% on my capital investment. As things stand at the moment I am still down 40% on my drawdown and its been consistently at this level since the start of April. Don't really know why I keep holding and staying with them as they have proven for weeks now that its just business as usual. That of course is fair but don't fall for the advertisements all over facebook about a successful and transparent community. It simply is not true.

I funded my account May 2024 and enjoyed good returns averaging over 4% per month. Then in April of this year I lost over 6% and my equity (the amount that is actually in the account) is $5,000 less than the amount I funded the account with. So as of today, after just over 1 year in their trading system I'm $5k in the red and over the last 2 months there has been no improvement. More concerning is they send an occasional update saying in essence "hold on, things will improve we hope". I get no response from my requests for information even asking if it would help to add more funds to my account. The management's actions are disgusting and unacceptable. Stay away from this group EFX Algo if you are looking for a fair investment. You're better off leaving your funds in an interest paying bank account.

April 4th, 2025...down 14.64% April 7th, 2025...down 17.37% April 9th, 2025...down 26.85% I closed all my accounts with EFX on 10 April to prevent further loss. Accounts went from $315,866.91 to $235,267.03 in three days for losses totaling $80,599.88. Losses were occurring while EFX failed to respond to phone, voicemail or emails while blocking info like mine to the shared EFX member page.

It was a bad experience.