WARNING: Massive Drawdown Trap ($91k Loss)
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.