It saddens me to write this review but it has been more than enough time that I speak up.
I strongly caution anyone against investing with EFX at this point. I purchased the Octane bot in October 2023 (one of their first 50 clients) and holding on through 9 months of extremely high drawdown has come at significant cost. While their team communicated well during the first 18 months, Octane never delivered the advertised 5–8% monthly returns originally advertised—nor even the later revised 3–5% monthly returns. Performance worsened significantly after the tariffs hit in April 2025, and communication from EFX largely stopped along with them permitting us to post comments on the circle platform that they set up for all their clients to communicate on...
Since then, EFX has removed nearly all transparency tools:
1. They disabled member communication inside their Circle platform after complaints increased due to large losses and extremely high drawdowns.
2. They shut down the live MyFxBook ticker that allowed clients to view and compare account performance between all 1,000 plus accounts.
3. They made their own Octane MyFxBook page private after clients noticed EFX’s account gained ~10% in April while most client accounts lost 5–30%. Questions about this on the Circle platform were deleted and never addressed—raising serious conflict-of-interest concerns and whether or not they were being entirely truthful with their clients about their personal bots performance....
I was one of the largest account holders, with over $700k invested initially. Despite aggressive settings, first-year returns averaged closer to 2% per month at best, while severe drawdowns restricted liquidity. The account currently showed approximately $95k in profit, yet about $270k remained locked in hedged trades (mind you a percentage of these locked trades were still holding from Jan of 25, almost a full year). Liquidating now would result in a net loss of roughly $195k after nearly two years—particularly frustrating during a record-breaking stock market year.
My 2025 gains with the Octane algo totaled only 7% for the entire year, far below the advertised expectation of 3–5% monthly (or roughly 36–60% annually). By comparison, the rest of my stock portfolio was up about 40% for 2025, which makes the bot’s underperformance even more pronounced.
Since April, 90-95% of their clients have been trapped in 30–45% drawdown, which now stands at almost a full year. The bot continues using a martingale-style strategy, doubling down rather than adapting, despite claims of AI learning. There have been no meaningful updates to the software to fix this. EFX insists the bot is “working as intended,” but no one—including EFX—can say if drawdown will ever normalize to a reasonable 5–8%.
Despite this, EFX continues charging monthly fees ranging from $99 to $499, with no suspension offered during this 9 month prolonged period of losses and high drawdown. With over 1,000 clients, this likely generates $200k+ per month for EFX while clients remain stuck.
I would strongly discount most 5-star reviews posted since April of 2025. They were once rated 4.8 stars on Trustpilot, but their score has fallen sharply all the way to 3.3. In my opinion, it would likely be much lower if current clients, many of whom feel trapped and hesitant to post honest negative reviews, spoke openly.
This has been one of the most frustrating financial decisions I’ve ever made. If I could go back, I would not invest in EFX or Octane. I strongly advise staying away and not trusting their advertised performance claims.
Many clients remain only because exiting now would lock in heavy losses. However, as we approach the one-year mark since this breakdown began, it is becoming increasingly clear that Octane may be fundamentally broken and unable to recover no matter what their monthly verbal update says...
I hope this helps current and prospective clients approach EFX and its trading algos with caution—observe from a distance, but do not purchase.
Despite wanting the platform to succeed, nine months of extreme drawdown, including five months of heavy losses, strongly suggest no meaningful updates to the Octane software—eroding confidence so I officially pulled the plug today...
Proceed with extreme caution—or better yet, avoid this company entirely. When problems surfaced with their product, red flags multiplied, and the company went silent when customers needed transparency and support the most..
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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.
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