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GO4REX -

Score

1.53 /10
Danger

GO4REX

Seychelles

5-10 years

Regulated in Seychelles

Retail Forex License

Suspicious Scope of Business

High potential risk

Offshore Regulated

https://www.go4rex.com

Influence

D

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Comparison

Quantity 64

Exposure

Open Account
Website

Score

Regulatory Index3.92

Business Index7.17

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

FX Capital Ltd

Company Abbreviation

GO4REX

Platform registered country and region

Seychelles

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2025-04-30
  • The number of the complaints received by WikiFX have reached 62 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

GO4REX

Seychelles

WikiFX Verification

Exposure

64 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Go4rex is a complete scam

I have been using the application for a while and when I want to withdraw my funds, it tells me that I don't have the verifications to do so. I try to contact them but they don't respond. I want to withdraw my funds and they don't allow me to. It was $600 USD, which in my country is $13,252 pesos, and they still don't let me withdraw. Can someone help me recover my funds, please?

FX4114714934
2025-01-25 01:28
Unable to Withdraw

I cannot withdraw my money.

Hello, I contacted them and initially I could deposit 100 dollars, then they kept asking me and I ended up depositing around 2500 dollars. They gave me information about gold and I accepted it. I earned about 3200 dollars during this time. They also opened another asset for me, either copper or bronze, and I earned about 8000 dollars from it. However, I cannot close this asset. The issue is that now I want to withdraw my profits and they are asking me to deposit an additional 52000 Mexican pesos. Can you help me?

FX2365701186
2025-03-15 08:07
Scam

I GOT SCAMMED WHILE WITHDRAWING MY MONEY

HELLO THERE, I'D LIKE TO SHARE MY STORY ABOUT A PLATFORM CALLED GO4REX. THEY PROMISED HUGE RETURNS ON THEIR WEBSITE. I INVESTED OVER $30,000 WITH THEM AND WAS LED TO BELIEVE THAT I'D MADE OVER THREE TIMES MY INITIAL DEPOSIT. HOWEVER, WHEN I ATTEMPTED TO WITHDRAW MY EARNINGS, THEY STARTED TELLING ME I HAD TO DEPOSIT MORE MONEY TO ACCESS MY FUNDS. CLEARLY, IT WAS ALL A SCAM :( THEY MADE ME SUBMIT MY PERSONAL INFORMATION AND GAVE ME NOTHING IN RETURN... I NEED HELP RECOVERING MY MONEY, PLEASE. IF ANYONE COULD ASSIST ME, I'M BANKRUPT...

Jav53
2025-04-07 10:32
Unable to Withdraw

TELEPHONE HARASSMENT TO DEPOSIT MORE MONEY

I signed up on the platform with a basic initial plan for $100 dollars, which they hold without movement until you send the signed documents. They call you 4 to 5 times a day to deposit, insistently asking you to deposit. They pressure you to schedule calls and emails, the purpose of the calls is to deposit an additional $150 dollars on top of the initial amount, since the initial account is worth $250,000 dollars. I explain to them that I will not deposit more money because I don't have any more money. Sebastian Burdos is my financial advisor, he generates a "BONUS of 150" voluntarily, which I did not request or agree to. He tells me that if there is no activity, the platform will charge its interest and I will not be able to access the benefits. I remain firm in my word - I HAVE NO MORE TO DEPOSIT. He gets upset and tells me that this is not for learning and that money, not losses, is generated here. I ask for advice and he tells me that he cannot give me investment advice. All communication is done via telephone.

TAESGA
2024-12-31 03:53
Data Source WikiFX Data provide
Updated: 2025-04-30
GO4REX · Company summary
GO4REX Review Summary
Founded2018
Registered Country/RegionSeychelles
RegulationFSA (offshore)
Market InstrumentsForex, stocks, commodities, indices
Demo Account/
LeverageUp to 1:400
EUR/USD Spread2.5 pips (Classic Account)
2.0 pips (Silver Account)
1.8 pips (Gold Account)
1.3 pips (VIP Account)
Trading PlatformGO4REX
Min Deposit/
Customer SupportContact form
Tel: +442038078564 (Reino Unido); +528339800456 (Mexico City); +5984054565 (Llamada gratuita); +576019174706 (Bogota); +5117073887 (Lima); +50321131757 (San Salvador); +56224053050 (Santiago)
Email: Support@go4rex.com
Address: Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles

GO4REX was registered in 2018 in Seychelles. On its platform, customers can explore the forex, stocks, commodities, and indices markets. Besides, it offers 4 types of accounts, and the leverage can be up to 1:400. However, it is offshore regulated in Seychelles, which means potential risks may exist.

GO4REX's homepage

Pros and Cons

Pros Cons
Diverse tradable assetsOffshore regulation risks
Various account choicesNo physical office
Popular payment optionsWide spreads
No MT4 or MT5

Is GO4REX Legit?

No, GO4REX is offshore regulated by the Seychelles Financial Services Authority (FSA). It should be noted that offshore regulation means potential risks may exist.

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
The Seychelles Financial Services Authority (FSA)Offshore RegulatedSeychellesRetail Forex LicenseSD023
Offshore regulated by FSA

WikiFX Field Survey

WikiFX field survey team visited GO4REX's regulatory address in Seychelles, but we did not find its physical office.

WikiFX Field Survey

What Can I Trade on GO4REX?

GO4REX provides several types of products, including forex, stocks, commodities, and indices.

Tradable Instruments Supported
Forex✔
Stocks✔
Commodities✔
Indices✔
Cryptos❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on GO4REX?

Account Type

GO4REX provides 4 types of accounts, including Classic Account, Silver Account, Gold Account, and VIP Account.

Account comparison

Leverage

For the 4 types of accounts above, the leverage can be up to 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

SpreadEUR/USD GBP/USD USD/JPY Crude Oil
Classic2.5 pips2.8 pips2.8 pips0.14
Silver2.0 pips2.1 pips2.2 pips0.12
Gold1.8 pips2.0 pips2.0 pips0.10
VIP1.3 pips1.5 pips1.5 pips0.05

Trading Platform

GO4REX uses its own trading platform, and it does not support MT4 or MT5.

Trading PlatformSupported Available Devices Suitable for
GO4REX✔PC, mobile/
MT4❌/Beginners
MT5❌/Experienced traders
GO4REX

Deposit and Withdrawal

GO4REX supports several types of payment options, including MasterCard, VISA, Bitcoin, Bank Transfer, and COMODO. However, other details such as the processing time and fees are not clear.

Payment options

News

ExposureExposing GO4REX: Unveiling the Deceptive Practices of a Rogue Broker

In recent years, the rise of online trading has brought with it a proliferation of brokerage firms, promising lucrative returns and financial success. However, alongside legitimate platforms, there exists a shadowy underbelly of deceitful operators preying on unsuspecting investors. Among these, GO4REX stands out as a prime example of a broker tarnishing the industry's reputation with its fraudulent activities.

WikiFX
2024-05-22 18:15
Exposing GO4REX: Unveiling the Deceptive Practices of a Rogue Broker
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User Reviews

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User comment

24

Comments

Write a review

FX1048710259
more than one year
Aunque esta empresa ofrece más de 1.000 productos financieros, y en teoría puedo operar con los productos financieros que me gustan, vi que en realidad cobra tarifas por los retiros... Las tarifas que cobran esas instituciones de pago ya me han incomodado Sí, la empresa cobra extra. Por qué no me cobra todas mis ganancias de una vez por todas?
Aunque esta empresa ofrece más de 1.000 productos financieros, y en teoría puedo operar con los productos financieros que me gustan, vi que en realidad cobra tarifas por los retiros... Las tarifas que cobran esas instituciones de pago ya me han incomodado Sí, la empresa cobra extra. Por qué no me cobra todas mis ganancias de una vez por todas?
Translate to English
2022-11-27 10:00
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Dreckyu
more than one year
GO4REX has a decent selection of payment methods, but I'm not entirely sure about their commission structure. It's worth taking a closer look to see if it aligns with your trading needs and budget.
GO4REX has a decent selection of payment methods, but I'm not entirely sure about their commission structure. It's worth taking a closer look to see if it aligns with your trading needs and budget.
Translate to English
2024-07-17 18:00
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