EFX Algo Reviews 470

TrustScore 3 out of 5

3.0

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Review summary

Based on reviews, created with AI

Most reviewers were somewhat happy with their experience overall. Many customers are satisfied with the staff, highlighting their responsiveness, helpfulness, and commitment to client success. People appreciate the clear communication and the team's efforts to provide support and guidance. Reviewers often mention the team's integrity and their dedication to addressing concerns. However, some people were dissatisfied with the pricing, finding the initial costs and ongoing fees to be high, especially when considering the performance of the products. There is also mixed feedback regarding customer service and the products themselves, with some experiencing negative outcomes and a lack of support when issues arose, while others found the service excellent and the products performing as advertised.

What people talk about most

Customer service

Customers consistently note ambiguous experiences with customer service. Many reviewers report significant... See more

Price

Consumers express significant dissatisfaction with the price and associated costs. Many reviewers report... See more

Product

Users describe ambiguous interactions with product. Many reviewers express significant dissatisfaction,... See more

Staff

People report positive experiences with staff, highlighting their helpfulness, professionalism, and... See more

Service

Clients share ambiguous opinions on service. Many reviewers express dissatisfaction, citing significant... See more

Based on these reviews

Rated 2 out of 5 stars

A 41+% drawdown since April 2025. Equity reduced to less than half of what my account says. Account that moves back and forth a few dollars daily says $24,460, equity says $14,150. Called to find out... See more

Company replied

Rated 2 out of 5 stars

Started out well, but after April 1st this year 2025 the algo tanked and has never recovered, been waiting months now for it to return, lost over 30% of the value, not a good performing Algo for the u... See more

Company replied

Rated 2 out of 5 stars

Started with EFX in Aug-2024, I did like the forum features, and open communication with customers. But in April 2025, everything changed, the algo started to make bad decisions, driving high draw dow... See more

Company replied

Rated 2 out of 5 stars

Bought the octane made profit in 3 months almost 10 % so happy then April and July tariff happened and wipe off most of my profits. I decided to stop the bot to mitigate more losses and until no... See more


Company details

  1. Educational Consultant

Written by the company

EFX Algo provides structured, rules-based trading technology designed for individuals who want greater clarity, control, and discipline around how capital is deployed. We work with entrepreneurs, business owners, and investors who prefer systems over speculation, and who value transparency, defined risk parameters, and decision-making frameworks over hype or short-term promises. EFX does not take custody of client funds. All trading activity runs inside accounts owned and controlled by the user, with clearly defined rules, visibility into performance data, and the ability to start, pause, or stop at any time. Our focus is not on predicting markets, selling financial advice, or guaranteeing outcomes. Instead, we help clients evaluate whether a rules-based, automated approach fits their goals, risk comfort, and expectations—before relying on it as part of a broader capital strategy. EFX emphasizes education, evaluation, and long-term alignment. Many clients begin with a structured evaluation period to better understand how the technology behaves in live market conditions and whether it belongs in their portfolio. As with all market-based strategies, trading involves risk and is not suitable for everyone. We encourage prospective clients to ask questions, take their time, and make decisions they feel confident standing behind.


Contact info

3.0

Average

TrustScore 3 out of 5

470 reviews

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Replied to 40% of negative reviews

Typically replies within 1 month

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Rated 5 out of 5 stars

I have been with EFX since Jan 22

I have been with EFX since Jan 22, 2024. The entire experience has been great! Danny and his team are awesome and the algo bot has been performing just as they had promised.
I would recommend EFX to anyone who is serious about growing their investments without the hassle of manual trading!

October 21, 2024
Unprompted review
Rated 5 out of 5 stars

Excellent experience

I have subscribed to several Algo strategies in the past, which rarely fulfilled their expectation. Working with the team at EFX Algo has been a great experience. They are upfront with the expectations, and very transparent. They stay involved and connected throughout the setup process and beyond, and the Algo has outperformed my expectations. I am fortunate to have found EFX Algo!

October 19, 2024
Unprompted review
Rated 5 out of 5 stars

8.52% profit in the first month!

My account is up 8.52% in the first month. I am looking forward to seeing what EFX can do for me long term. My account manager, Leigh, was extremely helpful throughout setup and is always there for me to answer any questions I have. The algorithm works great and EFX team is always there for any assistance.

October 15, 2024
Unprompted review
Rated 5 out of 5 stars

As advertised

I've been with EFX Algo for about 5 months. The experience has been great and as advertised. There is a bit of setup that has to happen, but after that it is pretty hands off. You can check your status a few ways. First, you'll get a daily email from the brokerage. Second you will setup a portfolio on MyFxBook to check. And lastly you can just remote into the VPS and watch the Metatrader running if you like. I'm making about 3.5% per month on the 'moderate' setting. Great feedback and help on the EFX community chat on Circle. I would highly recommend these guys.

October 16, 2024
Unprompted review
Rated 5 out of 5 stars

Hi Everyone,

Hi Everyone,
I’m very happy with this company!
Austin Lu is my account manager/point man for the setup process and has guided me flawlessly. He answers my texts in a timely manner and is knowledgeable. I hope EFXALGO, Austin and I will be partners for many years!

October 14, 2024
Unprompted review
Rated 5 out of 5 stars

I was looking for a stock trading…

I was looking for a stock trading strategy That would not require a steep learning curve I came across this company, and after some investigation and a personal conversation I decided to give it a try. I was intrigued by the hands off aspect. I am delighted to report that in just under one month I am up over 4%, hands off! I'm going to be watching it a little while longer, and if the trend continues I will be investing more

October 12, 2024
Unprompted review
Rated 5 out of 5 stars

1 year in

1 year in. I have now been running Octane for 12 months so lets first do some stats, Gain (Time weighted return) 56.20%, Abs gain (ROI as a percentage of total deposits) 40.63%, Daily average gain 0.12% and Monthly 3.71% it probably should have been a touch better monthly but due to a glitch with my VPS and me thinking I could fix it we had to close all positions and restart the software and I state very clearly it was not an issue with the algo! the EFX support team dealt with it swiftly and kept me fully up to date with what they were doing with Danny Reardon personally messaging me to explain. There was also a couple of times earlier in the year I did have to reach out to support as I noticed it wasn't closing position but within a couple of hours it was all sorted and to be fair I have never come across any software that doesn't occasionally need to be rebooted but in the interest of doing an honest review I wanted to mention it, and having said that there has now been some back end updates introduced a few months ago and its been rock solid ever since. Am I happy with Octanes performance, the quick answer is yes, I have made further deposits throughout the year increasing my equity and also made a few withdrawals (Ox securities is spot on with money landing in 1-4 business days) I am genuinely excited to see what the next 12 months brings with this being hands down the best investment I have come across, its built to protect your equity first and foremost earlier in the year when there was some crazy moves going on Octane navigated through it safely getting out of all positions without while still making some profit. I can't recommend this highly enough if your after a 99.9% hands free return on your money I suggest you hit up the EXF team!!

October 11, 2024
Unprompted review
Rated 5 out of 5 stars

Opened account five months ago, Excellent so far

Opened account five months ago. Was seamless experience . Slowly increasing my deposit. So far 12.6 percent absolute return. I withdrew money to make sure withdrawal works well. Another 2500 withdrawal, and the price of the bot will get recovered completely.
Then rest is regular profit, after paying $97 per month maintainence fee. It apparently increases to 197 above 100k. Mason who helped me set up was very good, and regularly replied immediately to my questions.

October 3, 2024
Unprompted review
Rated 5 out of 5 stars

Night and Day Difference So Far

After having had an absolutely horrible experience with QuantumBots, I was advised by a colleague with a similar experience at QB to try EFX and so far, its been a night and day difference!

It's still very early in the game for me, so this review will be updated periodically. However, their team is professional, consists of more than a single person (Quantumbots had one person that sold and onboarded me) and overall seems to have their act together.

All of their customers are part of an observability platform and you can clearly see performance and actual results... unlike the other guys.

Proceed with caution, but so far, I have not stepped in lava.

October 3, 2024
Unprompted review
Rated 5 out of 5 stars

This has been an exciting and eye…

This has been an exciting and eye opening experience. I was only slightly familiar with Forex and the team was patient and willing to explain how everything worked. I'm so pleased recommended a friend who has also joined the program.

September 20, 2024
Rated 5 out of 5 stars

I love the transparency of all customer…

I love the transparency of all customer accounts on one site to see. Not just a give us your money and trust what we’ve told you we’ll do. You can see what they’ve created and actual results of all clients. The customer service has been top notch, the owners are very hands on, and respond to my messages and texts personally. I’m very satisfied and tell everyone I run across about this. They have created something that will truly change my family’s financial future over the next 10-15yrs. Very grateful to EFX!

October 2, 2024
Unprompted review
Rated 5 out of 5 stars

EFX Algo Client

EFX Algo is transparent and answers questions VERY quickly. The owner even responds to emails/requests/questions which is extremely impressive. What's even more impressive is the product they have developed. Not get rich quick, but instead, a RISK MANAGEMENT approach that is producing outstanding results. I've been involved with Forex over 25 years and this product is by FAR the best. It starts with people at EFX Algo who care about their clients, their product, and their results.

September 30, 2024
Rated 5 out of 5 stars

I am as skeptical as it comes with…

I am as skeptical as it comes with investment advice or products. I decided to try the EFX "bot" after reading all the reviews and doing a side by side comparison of other similar products. Josh was a fantastic salesperson, not pushy, extremely knowledgable, followed up when I was on the fence, what a salesperson should be. Let me make the decision when I was ready. I started out on April 29, 2024 with an initial investment of $25k. Since that time, all my reservations have gone away and to date I have invested about $275k total in my account that runs automatically by the EFX algorithm. AS of September 28, I am up $24k. On an annual basis, with the staggered deposits that I have invested, it annualizes to about a 45%. Unreal and unheard of. Compare that to your mutual funds or CD returns. This is LITERALLY a no stress investment, let the algo do its thing and check it once or twice weekly. I have averaged anywhere from .67% for a few days in April to as high as 6.7% in June. My only regret is that I did not find this product a year ago. EFX is second to none with respect to honesty, integrity and transparency in their communications. Without reservation or compensation for this endorsement 5 STARS and 2 thumbs up UNCONDITIONALLY.

September 26, 2024
Unprompted review
Rated 5 out of 5 stars

Solid People, Solid Returns

Responsive, professional, patient. The staff knows the business of FX Trading, and they know systems and automation. The result is solid returns and steady growth. I am very happy with the entire process and ongoing results.

September 27, 2024
Rated 1 out of 5 stars

DON'T DO IT! .......YOU ARE WELCOME IN ADVANCE!!!

8/12/25: I am updating my review after being with EFX for over 1 year now. I am EXTREMELY DISAPPOINTED with the results since I wrote the review below. Their sales pitch was great and their claim of 3-5% monthly return is fairly accurate, BUT nobody in that organization ever mentioned the DRAWDOWN! I invested $50,000 and as of today, my account has grown to $67,000. BUT, my account drawdown is over 39%!! In other words, my $50,000 investment is now worth just over $40,000 PLUS it cost me $10,000 to get into this program. The salesperson who got me and 2 of my good friends into EFX, is now with another company pitching the same type of program. DON'T EVEN THINK ABOUT MAKING THE SAME MISTAKE THAT I DID!!!
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9/26/24: I joined EFX in June and my ABSOLUTE GAIN is 16.5% as of this morning. I am very pleased with the results for only 4 months of investing. The sales person did a wonderful job in explaining how things work with their company and held my hand through the somewhat complicated process of onboarding. I invested $10K initially with OX and have since added an additional $10K, with more to come. I have been burned in the past with trading systems, but these guys are the "real deal". And the best part is you let the bots do the work and you do not have to make any decisions on which currencies to trade. Sit back, relax and enjoy the ride!!

August 13, 2025
Unprompted review

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