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Mustafa Faizani

United States

1 Reviews
4 Reads
14 Useful

1 review

EFX Algo

Very disappointing! I have been with EFX for over a year…

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.

2025-09-02Helpful 14