Score

1.54 /10
Danger

GO4REX

Seychelles

5-10 years

Regulated in Seychelles

Retail Forex License

Suspicious Scope of Business

High potential risk

Offshore Regulated

C

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Comparison

Quantity 69

Exposure

Time Machine
Website

Score

Regulatory Index3.92

Business Index7.20

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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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

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Warning: Low score, please stay away! 4
Previous Detection : 2025-06-13
  • The number of the complaints received by WikiFX have reached 67 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 Verification

Pyramid scheme complaint
Expose
Scam

Fraud at Go4rex

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.

2024-09-03 08:18
Unable to Withdraw

High and dubious costs to withdraw/close the account.

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!!!!!

2025-05-27 08:13
Unable to Withdraw

Go4Rex acted without regard for regulatory standar

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.

2025-06-01 02:05
Unable to Withdraw

I am not allowed to withdraw my funds.

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.

2024-11-30 12:38
Unable to Withdraw

Fraud with Go4rex, there are no profits, just theft.

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.😡

2025-05-15 23:26
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.

2024-12-31 03:53
Unable to Withdraw

I cannot withdraw my investment and profits.

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.

2024-12-05 21:36
Scam

They keep insisting that I make the deposit.

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.

2024-07-10 02:11
    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
    GO4REXPC, 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

    User Reviews

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    User comment

    29

    Comments

    Write a review

    Olga Palacios
    0-3months
    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.
    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.
    Translate to English
    2025-06-01 02:05
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    FX2759797077
    0-3months
    Estoy con Go4rex hace 3 años, actualmente estoy tratando de cerrar mi cuenta y retirar mi dinero, me han cobrado una inmensidad de costos, los he pagado todos hasta que se me acabó el dinero, si no puedo pagar más me dicen que van a subastar mi cuenta en el mercado, que hay mercados que los están presionando por esta cuenta. Nadie responde o te devuelve lo que pagaste por un proceso que no se va a realizar. Tengo muchas dudas si son reales los costos que me cobraron, sellos, IVA, costo cambio a mi moneda, entre otros, porque no envían ningún comprobante. Por otro lado, les he solicitado que solo me envíen mi capital para tener dinero de seguir pagando los costos para lo que cuesta el envío del resto del dinero, pero tampoco es posible, ellos dicen que debe ser todo o nada, que no se puede fraccionar, lo que me parece super extraño. Con todo esto hasta el momento solo me queda pensar que es una estafa. Adjunto comprobante depósito reciente a la plataforma de go4r Ayuda por favor!!!!!
    Estoy con Go4rex hace 3 años, actualmente estoy tratando de cerrar mi cuenta y retirar mi dinero, me han cobrado una inmensidad de costos, los he pagado todos hasta que se me acabó el dinero, si no puedo pagar más me dicen que van a subastar mi cuenta en el mercado, que hay mercados que los están presionando por esta cuenta. Nadie responde o te devuelve lo que pagaste por un proceso que no se va a realizar. Tengo muchas dudas si son reales los costos que me cobraron, sellos, IVA, costo cambio a mi moneda, entre otros, porque no envían ningún comprobante. Por otro lado, les he solicitado que solo me envíen mi capital para tener dinero de seguir pagando los costos para lo que cuesta el envío del resto del dinero, pero tampoco es posible, ellos dicen que debe ser todo o nada, que no se puede fraccionar, lo que me parece super extraño. Con todo esto hasta el momento solo me queda pensar que es una estafa. Adjunto comprobante depósito reciente a la plataforma de go4r Ayuda por favor!!!!!
    Translate to English
    2025-05-27 08:13
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