I wanted this to work so badly
Boy I was sure rooting for this to work. It just hasn’t performed. Their monthly fees and their guarantee is focused on your account balance, and not on the equity in your account. Unlike with a brokerage account, with Forex Trading, your account balance is NOT an amount that can be withdrawn. Open losing trades pull down your balance to what is referred to as your “equity” balance. Your monthly fees and the EFX money back guarantee is based on a number that is not really a liquid amount. I am 17 months in with EFX and have spent over $15,000 in license and monthly fees. My equity balance is less than my original deposit. Such a missed opportunity with dashed hopes.