EFX Algo provides structured, rules-based trading technology designed for individuals who want greater clarity, control, and discipline around how capital is deployed.We work with entrepreneurs, business owners, and investors who prefer systems over speculation, and who value transparency, defined risk parameters, and decision-making frameworks over hype or short-term promises.EFX does not take custody of client funds. All trading activity runs inside accounts owned and controlled by the user, with clearly defined rules, visibility into performance data, and the ability to start, pause, or stop at any time.Our focus is not on predicting markets, selling financial advice, or guaranteeing outcomes. Instead, we help clients evaluate whether a rules-based, automated approach fits their goals, risk comfort, and expectations—before relying on it as part of a broader capital strategy.EFX emphasizes education, evaluation, and long-term alignment. Many clients begin with a structured evaluation period to better understand how the technology behaves in live market conditions and whether it belongs in their portfolio.As with all market-based strategies, trading involves risk and is not suitable for everyone. We encourage prospective clients to ask questions, take their time, and make decisions they feel confident standing behind.
Written by the business, not verified by us.
Is EFX Algo legit?
EFX Algo (easyfxtrading.com) has a 1.9 out of 5 rating on OK.one, based on 101 user reviews collected here. It is listed under Business Services and its reputation is poor. 71% of reviews are 1 star, a relatively high share; The business has replied to 17% of negative reviews; Reviews mostly discuss Customer service, Product, Price. Last updated 2026-10-24.
What reviewers say
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Most reviewers were unhappy with their experience overall. Consumers frequently reported that the automated trading systems failed to deliver expected results, leading to significant financial drawdowns, disappointing performance, and expensive fees. Furthermore, users faced ongoing communication barriers, frequently stating that support representatives neglected to answer emails or provide meaningful updates regarding technical issues. Many people expressed deep frustration over closed community forums and a perceived lack of accountability from management during market downturns.
Some reviewers were happy with the company, noting that the team was knowledgeable, highly responsive, and offered genuinely helpful guidance. Certain customers also felt that overall communication was clear and appreciated the proactive support provided during challenging market periods.
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My experience with this broker was incredibly frustrating. Their marketing campaigns heavily emphasized high returns, rapid payouts, and a seamless withdrawal process, but the reality was completely different. Despite meeting all of their specified conditions, the promised rewards and credits were never applied to my account.
The customer support only added to my frustration. Whenever I reached out, I was met with generic, automated responses that failed to explain why my funds were being withheld. It became obvious that these promotions were just a tactic to lure in new clients, with no actual intention of honoring the advertised benefits.
After numerous failed attempts to resolve the issue with the broker, I was left out of options. I ultimately decided to reach out to the team at Aph𝐫𝐨𝐝𝐢𝐭eic𝐮 for assistance. They were quick to respond, polite, and highly professional, requesting the necessary documentation and evidence to evaluate my claim. After reviewing my case, they confirmed my complaint was valid and assured me they would take action.
Though I was skeptical at first, I chose to wait it out. To my surprise, I received notification just a few days later that my refund had been successfully processed. The relief was immense, and I immediately shared the update with my family, who had been supporting me through the ordeal. They were thrilled with the outcome and reminded me to be far more cautious moving forward. Thanks to the dedicated efforts and expertise of the team, this stressful situation was successfully resolved. I am deeply grateful for their prompt communication, professionalism, and invaluable support throughout the entire recovery process.
This is a complete scam. I paid $25k for access, invested a $100k and immediately lost money every month for the last 15 months. At the 90 day trial period I asked for my money back and to get out and no one ever responded. I still can't get a response from any of the emails I write to. This is a complete and utter scam. I will be contacting State regulators shortly.
Current status bad! Bought their software bot in early Feb 2025 and followed all the requirements for funding etc. It never produced a profit. Ok, they made adjustments to account for market changes etc, so I gave it the full year as required to honor the refund policy. Requested a refund in Feb 2026, got automated reply they are getting lots of requests. I am sure they are given no profits to be found. I am ok with loosing money on the investment in the market, but NOT ok with lack of replying and NOT HONORING the refund after a year as they outlined in their own material. I would have never signed up if it were not for the refund of the software/bot fee if it didn't profit at least that amount. Now as others have posted, they seem to be ghosting all customers, phone number points to email and emails don't get human reply. This should certainly be a legal fraud matter at this point. Not because their product didn't make a profit, but for failing to honor refunds and selling software promising support that isn't as described.
Don't wast your time, Spent 2 years with this algo started off ok up 30% then in November of 2024 it was just downhill dropped 15% and started recovering, traded about even nothing really happened for a year then out of no where volume picked up and lost another 10% in 2 days. no communication from the team about whats going on just silence.
I closed all my trades today. Out 7k for Octane, two years of monthly subscriptions and thousands lost in trades.
The three guys that sold us with lies all ran away like cowards and continued to charge us to cover their losses. I know you read your sinking reviews. I just want to say you guys destroyed a lot of peoples hopes and dreams and hard earned money.
I would caution any trial period or even use of EFX Algo at this point, as they disappear when you need answers about your account. The have no phone support at their webpage. There are plenty of other options, if you are lookoing for Forex trading bots.
The Trial was sold as an easy money back (minus Profits) for my fees, but after two weeks EFX Algo has not answered three emails, and two phone calls. I have notified the tech support team and sale team, who are also silent.
I’m not sure why my reviews continue to be removed. I was a real customer of EFX and provided documentation and emails verifying my account and experience.
My experience with the company was extremely negative, and I personally lost over $100,000 while using their services. I believe potential customers deserve to hear honest feedback — both positive and negative — before making a decision.
Unfortunately, it appears many critical reviews may no longer be visible. In my opinion, the current rating does not accurately reflect all customer experiences.
This review is based solely on my personal experience as a paying customer. I strongly encourage anyone considering this company to do extensive due diligence and research before investing.
Poor performance not honoring their refund policy to date
Since march 2026 lost money on account. I requested my funds to be returned because of poor performance.
I have been waiting since march 2026 for my refund. It appears they have no intention on reimbursing the sign up fees.
One star is too high for this company.
Beware!
Well as you can see EFX own Bot octane has tanked and stuck in 40-50 % DD for the last 10 months
US02 and XGB are 3rd party BOTs they sold to Octane buyers
We all 3 have just not performed and lost for 12 months on top of that the owners have switch off all communication and turned there back on the investors in there BOTs
Shameful and disgraceful
Keep away from these guys !!!!!!! Or you will lose money for sure like the rest of us
It's a total SCAM! Lost 50% in retirement funds and 50% from my personal account. Both their Algos, Octane & US-02 failed miserably. They do not respond now and I believe they are bankrupt!
apparently they are out of business. no way to contact them nothing works i lost 10k under guarantee period ending 3-24-2026 and luke said it takes time but now they dont reply i got scammed by efx algo luke weston
At first it was going well then it tanked. My drawdown hit over 50% and each time it would start to recover, it would tank again. I reached out several times to see what some options may be to help the account recover and I was told by them that they can't give me financial advice. They now have cut off communication. I bought the software on the premise that there was open communication between the the company as well as other members. There was at first but as soon as things started going bad, this communication was cut off. I finally have given up.
The Octane product itself continues to perform poorly with pitiful (at best) returns mixed in with steady losses. I have lost about half of the "gains" I had previously made. "Gains" that are totally academic in that they are made meaningless by their massive drawdowns which have been essentially permanent for about a year now.
About a month ago members were contacted. Support apologized for their lack of updates and promised to provide updates more frequently in the future. That was about a month ago.
After almost a month with no update I turned in a ticket requesting some clarification about roughly WHEN the next update was going to occur. Their automated response included a promise to reply within 24 to 48 hours but there has been no response for about a week.
They not only received this support ticket but opened and read it as confirmed by my email tracking software. After about a week of waiting for them to reply I sent ANOTHER support ticket asking for a committment on the next update. My software confirms they have also read THAT support ticket but have not answered it.
These people are quite simply ducking their clients AND Trustpilot in that there replies on THIS website have also tanked. They are understandably EMBARRASSED by this product's performance and I can't say as I blame them for that. Still their disappearance is unprofessional and revealing...
I joined EFX Algo in May 2024. Things started off, promising with profits of 3-5% monthly as they advertised. I was thrilled. Not long after that the bot started losing more and more trades and I went from + 30 to 40k of profit to -80 K of drawdown. Max draw down was around 40%, which is ridiculous. 
Needless to say after a year and a half I decided enough of the pain. I’m pulling the plug. Ended up losing tens of thousands of dollars. I’m kind of embarrassed to say how much I lost. I really had faith in this company. I got delirious from using that compound interest calculator that shows that you can turn 150 K into millions after a couple years with consistent returns. Such a pipe dream!
On the Circle app, we used to be able to talk to other members, but once the market went sideways and the bot started losing trades and increasing draw down the company shut that down. EFX posted a monthly letter saying don’t give up the bot is doing what it’s supposed to do and is slowly reducing the draw down, which was total lies.
I closed out that account and even gave their new bot XGB eight months of my time and money and that lost money as well. My advice to anyone considering purchasing this algo is to run away as fast as you can. If you’re serious about investing, just do long-term invest investing in the stock market or long-term investing in an index fund of the S&P 500 and you’ll do way better than EFX ever could. If I could give this company zero stars, I would. You’ve been warned!!! Stay away and save your money do not invest in this company. The max draw down of my first account was around 40%, which is ridiculous.
Like so many others I was caught up in the promises, vibe and commitments of EFX. And trusted them with a big investment not even considering they weren't legit, or wouldn't go through with their promises.
But it turns out they are half baked. You will pay massive money and not get what you pay for. They don't deal with crisis well, they don't reply to emails promptly, they shut down the circle forum which was a big part of their sale at the start.
I like so many others lost piles of money on this, for me it was a total of about 60,000 euros. And this was after more than 12 months of rollercoaster.
Not only that but they will also try and sell on their upcoming projects as they know this brand/compony is trash.
Oh and their response to me asking for a refund for my 10,000USD investment?
Pretending I didn't, it is embarrassing frankly.
I am, like many others exploring legal options for getting some of my money back.
I lost over 15k. Asked for the garanteed refund and have been ghosted. First month they did make 3.5% but then quickly started losing. They also went over the 1.5 draw down and have absolutly no off-boarding.
I signed up in June 2024. For the first 8 months the returns were good, the drawdowns were manageable, and overall I was really impressed.
However, things started to change around January 2025 when drawdowns began increasing into double digits. Then April came—“trump tariff day”—and the algorithm has never really recovered since. For almost six months the drawdowns have been around 45–50%, with the system supposedly “hedging,” but it often seemed to be going the wrong way.
Today I finally decided to cut my losses because I honestly don’t see how it can trade its way out of the situation it’s in. At one point I had trades open at both the bottom and the top of the markets on the same pair, and some of those trades had been open since January 2025.
On top of that, for some unknown reason I had two trades that were not being managed by Octane. No one has been able to clearly explain how they were opened. One had apparently been partially closed manually, which meant it was no longer managed by Octane.
Although EFX say these drawdowns are not “realised losses”—which is technically true until trades are closed—the chances of exiting such a deep drawdown without taking significant losses seem extremely small.
I genuinely believe the people behind EFX are well-intentioned and want the best for their clients. However, in my personal opinion the issue lies with the system itself. Long-standing drawdowns can happen in trading, but I feel the system now needs a major overhaul.
I have not just lost profits I have also lost capital invested which I know is the risk and the name of the game
EFX are trying there hardest to remove my post this will be the 4th time I have wrote it
I bought the OCTANE license Back in August of 24 and it only been bad news ever since. I call three or four times when I first started and was still eligible for the refund however, they always pressured me and said it was gaining 3% to 5% monthly as advertised. They have some weird way to calculate your balance and it is not what you can withdraw. You can only withdraw the equity and there was like a $5000 difference. Bottom line, after two years,I lost the almost $10,000 I paid for OCTANE and another $5,000 from trading losses. I wish I had never heard of these people.
