EFX Algo Reviews 470

Joe, Danny, Bogdan & the entire EFX team have been an absolute pleasure to work with. I have nothing but positive things to say about their business. From returns, communication, transparency - the EFX team is by far the best. I have worked with several other companies like EFX in the past & was always left with a sour taste in my mouth. I took a chance with EFX & would recommend anyone who is "thinking" about doing it, do it immediately. You will not be disappointed.

6 weeks since my first post. From a community that could engage regularly and were always treated with special care and respect to now get 2 posts a month with the comments disables and not a single person able to speak in the community forum EFX has really failed their users lately. I see a few reviews that are positive from individuals that says its been amazing. The issue is like myself they joined in a time after the big drawdown. Like me they will have decent returns. I almost had 25% growth in 6 months. But like me the day will come when the drawdown will suddenly shoot up to 40%. I have gone from +20% to - 10% on my capital investment. As things stand at the moment I am still down 40% on my drawdown and its been consistently at this level since the start of April. Don't really know why I keep holding and staying with them as they have proven for weeks now that its just business as usual. That of course is fair but don't fall for the advertisements all over facebook about a successful and transparent community. It simply is not true.

I funded my account May 2024 and enjoyed good returns averaging over 4% per month. Then in April of this year I lost over 6% and my equity (the amount that is actually in the account) is $5,000 less than the amount I funded the account with. So as of today, after just over 1 year in their trading system I'm $5k in the red and over the last 2 months there has been no improvement.
More concerning is they send an occasional update saying in essence "hold on, things will improve we hope". I get no response from my requests for information even asking if it would help to add more funds to my account. The management's actions are disgusting and unacceptable. Stay away from this group EFX Algo if you are looking for a fair investment. You're better off leaving your funds in an interest paying bank account.

April 4th, 2025...down 14.64%
April 7th, 2025...down 17.37%
April 9th, 2025...down 26.85%
I closed all my accounts with EFX on 10 April to prevent further loss. Accounts went from $315,866.91 to $235,267.03 in three days for losses totaling $80,599.88. Losses were occurring while EFX failed to respond to phone, voicemail or emails while blocking info like mine to the shared EFX member page.

I've been with them for a few years and Danny and the team are awesome! They developed a great product and really care about serving all their customers well. Recently the tariff situation has caused unprecedented shifts in the market, so yeah there were a couple of months that didn't go as well. But honestly there are some people in our community who are losing their minds because of this drawdown and posting some bad reviews here. If you understand the risk of doing a forex trading bot you know that sometimes crazy world events like the tariff nonsense has got literally every market going nuts. They may have got kind of backed up with receiving DMs also but they regularly post updates for us in our circle group and emails explaining what's going on and breaking it down for us. Some people are trying to say EFX is bad because its losing money now but if your money was in stocks you would have been way down too! Overall it's a great product with a great track record until this point and I am confident it will straighten out and we will see great long term gains.

My account was growing slowly over the first several months but hit a wall in April 2025 and has been negative since. If this algo is so good why is everyone losing money especially when other systems appear to be profitable on myfxbook? Unfortunately, I am reluctant to recommend EFX - easyfxtrading at this time.
To clarify, the drawdown in my account has been stuck at 30.92%. My balance is -5.2% from my initial deposit and my equity due to the drawdown is 30% lower than my initial deposit. At one point my account was up 8% but that profit was lost. If I was to include fees from EFX my loss would be even greater. I hope this will turn around and be profitable but I'm losing confidence every day there is no improvement.

I'm so sorry that I was convinced to think this worked. Been almost 6 months and end result is me losing money. On top of that a monthly fee. After the very large deposit to use their algo I am down almost 50%. Tried calling rep. He stated they are not taking calls. Omg if you are not there for people when times are bad, this explains everything about someone who said they will always pick up and be there for us.
Just stay away no such thing as easy money

Soon or later, you will lose all your money

The EFX Algo trading software is not well designed. The Stop Loss is very poor. When market falls, EFX took all my values and put into Floating Trade, and cashout in Closed Trade the next day. It forced my account to ZERO. When market crashes, the Forex is very bad. Why cash out at this time and lose all my money? I don’t understand the logic behind EFX. Where did my money go? EFX won’t tell me, they won’t show me the trading history neither! They won’t even talk to me. They are irresponsible. They probably took all my money away?

I joined EFX Algo a year ago. With normal return showing on myfxBook. When I sensed the market wasn’t stable, I took some asset out, the trading bots (or EFX Algo) went banana. Moved all my asset to Floating Trade (why?). I cannot stop it. Then the next day, EFX cashed out all my positions and account went to ZERO. It’s very scary.

I need the money. It's my retirement money and EFX won’t even talk to me! I didn’t expect this (down to ZERO) will happened to me. Because I have been a very careful person. But it did. The EFX Auto Trading software is not mature, and cannot handle many critical situations. All members should be very careful. Don’t trust EFX Algo, or you will lose all your money soon or later.

David, 408-627-2334.

My account is down by 50%, I have lost about 50,000 in a year. Everytime I tried to cancel and get my money back they push you not to cancel. This highly NOT recomended. Even if you invest mony in random stocks you will come out ahead.

Don't buy the Algo it's not worth it. They do large trades amount trades and just few trades can blow up the account. My account is 40% down. This is not okay, they should have stopped the bots when it was down like 5 or 10 percent.
They are also very expensive

On the 3rd April, my account dropped its profitability by 60%, further and worse than this, they sent a message out saying due to a volatile market the bot would go into capital preservation mode. This is not what happened, instead my drawdown trebled to 30% just two days, the losses increased, and now my account floating profit and loss stands at a loss of c$45k and it’s getting worse. If that wasn’t bad enough, the owners then decided to stop people discussing the issue on the community feed and disabled the feed so that nobody could see what others were saying. This is horrific business, not transparent, and raises serious questions. I’m shocked, and I’ll be asking for all of my money back.

This is worked out great as an investment and since we started in mid January, we have already received a 20% plus return. As far as service, they have been readily available and have helped answer any of all questions.

After 1 year of running the Algo has made us +30%. No funds or other trading bot can do that with a moderate risk profile simultaneously. The support is very responsive and always helpful. I cannot recommend them enough, I have a huge esteem for them.

The EFX folks have been great to work with. They understand that getting started takes some effort. Their "onboarding" process is outstanding. They help you with every step to get things going. After (almost) 2 months my account is up about 6%. Very pleased with the EFX team and results!

Doing very well, got set up and running in the beginning of December and now in mid feb I’m up 14%! Couldn’t ask for better results!

Trust is everything in the forex industry, and as someone who is naturally skeptical, I can confidently say this company has earned mine. From day one, the team—Danny, Mirko, and Joe—has been incredibly responsive, answering every question (no matter how small or silly) with patience and clarity. Their dedication to transparency and customer success is truly refreshing.

Beyond their top-tier support, the results speak for themselves—absolutely insane performance! Their latest product is another game-changer, and I couldn’t be happier. If you’re looking for a forex bot backed by a genuine, trustworthy team, look no further. Highly recommend!

I have been trading with Algo for 4 months and I am very pleased with the team, they are very approachable and transparent. I am also satisfied with the results achieved so far and I look forward into the future. Thank you!

The setup was easy and the gains even easier! I thoroughly enjoy the openness of the community and th expertise of EFX, in general.

Andres is knowledgeable, professional and helpful. Getting an account set up was easy with his guidance. I look forward to a long and profitable relationship,