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Score
Seychelles
Regulated in Seychelles
Retail Forex License
Suspicious Scope of Business
High potential risk
Offshore Regulated
Influence
Add brokers
Comparison
Quantity 69
Exposure
Score
Regulatory Index3.92
Business Index7.20
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
FX Capital Ltd
Company Abbreviation
GO4REX
Platform registered country and region
Seychelles
Company website
Company summary
Pyramid scheme complaint
Expose
DOES NOT RETURN MY MONEY, KEEPS ASKING FOR DEPOSITS, AND NOW ASKS FOR A DEPOSIT OF $5000.00 DOLLARS
First they call you and promise that your money will grow very fast, and after you make the first deposit of 100 dollars, they start asking for another 250 dollars or 4500 dollars to supposedly grow your investments quickly. But when you try to withdraw your money, it shows that there is an error and you cannot withdraw your money. Look, it even says that I can't even withdraw my money.
They induce the client to increase deposits to increase profits, and then make immediate withdrawals. As a lure, they offer "credits or supports" to raise the account level. Then they start changing account managers, who in different ways lead to deception. In the end, when the funds are about to be released, they induce the client to deposit one last amount. After making that deposit, they no longer respond to messages or calls, and a few days later a new manager appears to set up the same scheme. In my case, I was scammed for over US$10,000.
I've been with Go4rex for 3 years, and currently I'm trying to close my account and withdraw my money. They have charged me immense fees which I have paid until my funds ran out. If I can't pay more, they threaten to auction my account on the market, claiming there are markets pressuring them for this account. No one responds or refunds what you paid for a process that is not being completed. I have serious doubts about the authenticity of the costs they've charged me for stamps, VAT, currency conversion, among others, because they don't provide any receipts. Also, I've requested to just receive my capital to continue paying the fees for the withdrawal of the rest of the money, but this isn't possible either. They say it's all or nothing, that it can't be fractioned, which seems extremely odd to me. Based on all this, I can only think that it's a scam. Attached is the recent deposit receipt to the go4r platform. Please help!!!!!
You reach a point where you can't proceed further, there's no assistance like there was in the beginning, in clearer terms, it's a robbery.
Good afternoon. I need your help, please. I made a deposit of over 5000 dollars, and I cannot withdraw it. I called to have my capital returned, and they told me that I had to send an email. They told me what I have to put in that email, and it is this: I authorize the activation of the commercial social network service in my account... a tool that, when activated, opens and closes operations automatically. I sent this email and checked my account, but each time my funds are less. What should I do?
I opened an account with Go4Rex in January 2021 and was assigned an advisor who continuously pushed for higher deposits, gave misleading investment advice, and manipulated my trading activity. Despite being a beginner, I was guided into high-risk positions and pressured to deposit funds under the pretext of recovering losses or unlocking bonuses. Repeated attempts to withdraw funds were met with conditions that required further deposits. When I refused, positions were closed without notice, bonuses were revoked, and communication became evasive. The final blow came when the platform was blocked, and all communication ceased. Go4Rex, operated by FX Capital Ltd in Seychelles, acted without regard for regulatory standards, interfered in my decision-making, and misled me repeatedly, causing a total loss of almost $60,000.
Hello, my name is Alexis Matamoros, I would like to know how I can withdraw my initial funds since I have only received negative responses from them. I have sent emails on November 4th, 8th, and 20th, but to date, I have not received any response. Similarly, when I finally manage to communicate with them by phone, they tell me that they will call me back, but I have not received any response to date. Initially, they were very insistent on calling me all the time to invest more resources, to which I did not agree. On the contrary, when I told them that I wanted to withdraw my funds, there was no response from them. In the application, I also cannot withdraw my funds because it asks me to upload some identification documents, which I have already uploaded. Now, every time I see my funds in the application, I have less and less, even though I haven't made any transactions because my account does not allow me to do so, supposedly because it has not been verified. Thank you very much in advance for your attention.
I was scammed by Go4rex for $350 and I don't know what to do. Though it's not much, it's my savings. These are photos of the three times I deposited: the first for an entry of $100, the second for AI $100, and the third to withdraw money $150. Every day they asked me for more money to withdraw, but I didn't give them any more. Thanks for helping us.
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?
At first, everything seemed perfect. I started with a deposit of $100, then I was asked to increase it by another $125. I deposited an additional $100, but then to be able to withdraw my earnings, I was asked for another $200, bringing the total to $525. However, I only managed to withdraw $15 at first. I had to give $200 (around 4,000 Mexican pesos) just to be allowed to make an approved withdrawal of $21,000 that I had earned. But after making my $200 deposit and expecting my full withdrawal, I only received $40 (789 Mexican pesos). My advisor then informed me that due to market conditions, there was a negative $5,865. This, despite my supposedly approved balance of $12,865. Now I'm being told I need to deposit $1,200 just to release half of my return, requiring a 50% fee of $600. This feels like a massive, disgraceful rip-off.😡
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.
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?
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...
I invested over $3,000 USD in GO4REX. They made a payment of $50 USD to link my account so that my profits would arrive faster. Now, according to the girl Selena Tapia, who informed me that I needed to deposit $1,800 USD (for commissions and I made the deposit), my withdrawal was authorized. Later, a person named Juan Mendez called me and said that I needed to deposit an additional $3,000 USD in order to withdraw my investment and profits (apparently because the profits were high and my rank does not allow it). According to Selena Tapia, they are supporting me with $1,500, and if I don't make the deposit, I cannot withdraw any money. I am desperate. I am desperate and I need your support to find a way to recover my money (which is the result of my honest work). I am seeking support and looking for a way to prevent more people from falling into fraud.
Good afternoon, Continuing with my complaint made on June 27, 2024, July 1, 4, and 5, 2024, today on July 9, 2024, Ms. Luna Reyes (staff from Go4rex company) contacted me again. It turns out that my account did not go into auction as she had previously informed me. She has extended the deadline to Monday, July 15, 2024, to accept their offer to deposit $1,000 USD or otherwise I will lose the total of my account. I told her that I have read their clauses and have the right to close my operations whenever I require and to be able to withdraw my funds. I want to close the open operations (2) and withdraw my profits or at least my investment of $1,500 USD. I am no longer interested in any potential profits. She tells me that it is not possible because the stock market does not allow it and that I have to cover the exchange cost. I explained that even after closing the operation made with NVDA of $8,179.90 USD less exchange cost of $8,007.04 USD, I would have a profit of $172.50 USD. The other open operation with EUR/USD is $30.31 USD less exchange cost of -$47.38; I assume the loss of this operation and close it immediately (figure 7). I questioned why I cannot close the operation with NVDA and why she is conditioning me to have to deposit more money. She responds that I am not one to dictate how the stock market operates and reiterates that I have until that date to make the deposit. One way or another they want to keep my investment; hopefully you can help me recover it. Regards, Thank you.
GO4REX Review Summary | |
Founded | 2018 |
Registered Country/Region | Seychelles |
Regulation | FSA (offshore) |
Market Instruments | Forex, stocks, commodities, indices |
Demo Account | / |
Leverage | Up to 1:400 |
EUR/USD Spread | 2.5 pips (Classic Account) |
2.0 pips (Silver Account) | |
1.8 pips (Gold Account) | |
1.3 pips (VIP Account) | |
Trading Platform | GO4REX |
Min Deposit | / |
Customer Support | Contact 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.
Pros | Cons |
Diverse tradable assets | Offshore regulation risks |
Various account choices | No physical office |
Popular payment options | Wide spreads |
No MT4 or MT5 |
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 Authority | Current Status | Regulated Country | License Type | License No. |
The Seychelles Financial Services Authority (FSA) | Offshore Regulated | Seychelles | Retail Forex License | SD023 |
WikiFX field survey team visited GO4REX's regulatory address in Seychelles, but we did not find its physical office.
GO4REX provides several types of products, including forex, stocks, commodities, and indices.
Tradable Instruments | Supported |
Forex | ✔ |
Stocks | ✔ |
Commodities | ✔ |
Indices | ✔ |
Cryptos | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
GO4REX provides 4 types of accounts, including Classic Account, Silver Account, Gold Account, and VIP Account.
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 | EUR/USD | GBP/USD | USD/JPY | Crude Oil |
Classic | 2.5 pips | 2.8 pips | 2.8 pips | 0.14 |
Silver | 2.0 pips | 2.1 pips | 2.2 pips | 0.12 |
Gold | 1.8 pips | 2.0 pips | 2.0 pips | 0.10 |
VIP | 1.3 pips | 1.5 pips | 1.5 pips | 0.05 |
GO4REX uses its own trading platform, and it does not support MT4 or MT5.
Trading Platform | Supported | Available Devices | Suitable for |
GO4REX | ✔ | PC, mobile | / |
MT4 | ❌ | / | Beginners |
MT5 | ❌ | / | Experienced traders |
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.
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