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Eric D

United States

1 Reviews
2 Reads
4 Useful

1 review

EFX Algo

Stay away and don’t buy this Algo!

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.

2026-05-07Helpful 4