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
AI generated
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.
Auto-generated from all reviews of this business. For reference only.
If you are considering EFX Algo/Their bot or are currently running it, read this right now. This bot uses zero real risk management, operates on a dangerous grid/averaging strategy with no stop-losses, and will eventually blow your account. The marketing is entirely false advertising. 4-6% Return per month, what a joke. Definitely false advertising
Here is the exact mathematical reality of what this system did to my account:
Current status of My account balance over $150,000 and this bot trapped me in over $93,000 of floating drawdown.
In the beginning, I had over $200k+ invested, but I started withdrawing some of my equity and im glad i did, because i started noticing a lot of red flags on how the bot was operating
It opened massive, unhedged 0.62 and 0.64 lot "Sell" positions on AUD/CAD at the absolute bottom of the market (0.85450) last year april 2025 and completely abandoned them while the market trended over 1,000 pips against me. It did the exact same thing with heavy 0.40 lot "Buy" trades on GBP/USD. Every single one of these trades was bleeding thousands of dollars, and the bot simply refused to cut the losses. It just sat there as my equity evaporated.
I couldn't just watch it drain my money. I had to step in manually, take over my account, and actively trade my way out of this massive mess myself just to save the $50k+ in equity I had left.
Also Is there currently an active class-action lawsuit against EFX Algo for false advertising and negligence? If anyone is organizing one, please reply to this. There are too many traders sitting in massive drawdowns right now who were sold a "safe" automated system with capital protection and none that is actually true. They need to be held accountable for this.
HOW TO DISCONNECT THE BOT (DO NOT BELIEVE THEIR LIES):
If you contact them, they will tell you that the ONLY way to disconnect the algorithm is to close all of your open positions. This is completely false and is just a deceptive tactic. You do NOT have to close your trades to disconnect the bot.
Take back control of your account and save your remaining equity. Do not trust this system.
Please let me know, if anyone is doing a class action.
i trusted their team and regret it now. Things looked stable in the beginning, but after that, my account kept going down slowly. I held on, hoping for recovery, but it never came. I ended up losing about $27k. When I tried contacting them to close my positions, they stopped responding. My broker had to step in to resolve the situation.
I gave this bot several chances, but each time it just wrecked my portfolio. Every trade was a loss, and support was completely unhelpful. I can’t believe how much money I lost before I finally gave up. I would not recommend this bot to anyone. Just don’t do it!
Consistent excuses that the volatility we have been seeing during the last year 1. Tarriff's (didn't Trump run on this) 2. War with Iran (Wars unfortunately happen) isn't the type of volatility the bot is programed to take advantage of. So what other volatility isn't it programed to for? After to 2 years, I am almost back to zero earning. A $17k outlay for the bot and a $99 per month fee.
If you have money to invest that is not needed for living, this is an exciting investment. You get daily email updates on your investment to stay informed. AI is the future of investing and EFX Algo is on the forefront. I have started slowly to make sure the system proves itself. Every time EFX increases my position by 10%, I add more funds. I TRUST NO ONE, results matters period!
Don't waste your money - 1.5 years wasted and HUGE losses
I again wanted to update any who might think this is a good AI program. This is my 3rd and final review. (MARCH 2026) Since January, 2025 this trading bot has been nothing more than horrible. EFX customer service is okay but the bot can't handle huge swings that we have seen since Trump Tariff's of 2025 - My $359K account hit a low of $211K a week ago and I had to get out. It has recovered to $261K but after closing out I will have lost $100,000.00 in trading capital along with paying $10K+ for the bot + another $7,000.00 +/- for their hosting platform.
Now did it show that I had made money? Yes my account balance was over $450K at 1 point, but the drawdown hit $200,000.00!??! I have multiple (MORE THAN 10!!) buys and sells that are $15k-$20K in the red- each!!?! I have British Pound trades short at 1.225 when it hit a high of 1.385!! (These are 1-3 full lots in size!!) WHEN THE FLORIDA is the program going to close those out? SHouldn't it have had a protective stop?
Anyways - just stay away. program sucks.
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.
Warning: Long but Truthful Review Regarding EFX & their Octane Algo
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..
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
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!
This feels like a company built with longevity in mind. The focus on process, education, and responsible use gives me confidence that they’re thinking long term rather than chasing short-term wins.
Manually closed six family related accounts in recent weeks after further increased drawdowns since April of 2025. Our accounts have been floating between 40% to 45% drawdown and all earned profits are gone and equity fell/closed below deposits for all accounts. Was a sad day for my family and I understand the Trump tariffs have changed the market to a degree, despite that we held steady and believed opportunity for a turnaround was possible, but soon became evident we were holding on by threads and when considered with the fact of minimal EFX support or response we made decision to cut losses. I am saddened this occured and really believed EFX was the algo that had it right. Certainly don't wish anybody harm but apparently ALGO trading with no possible manual intervention is not capable at this time. All trades based on historical patterns but continually chased the negative trades in response and my family lost in excess of $250,000 minimum, not counting the EA bot costs. Thought I had a relationship with EFX and the management as we conversed many times but information became less and less along with no guidance and we chose to exit. The main Octane bot which is the basis for my purchase and the historical performance provided now is no longer is even active and cannot be located on myfxbook.com and appears to be shut down. The two new bots they are selling people XGB and US-02 are performing poorly as well. Stay away, sorry Danny, sorry Joe but we lost many thousands and you went dark on communication.
