GO4REX-Some Important Points about This Broker

WikiFX | 2024-12-27 16:32

Abstract：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 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 and Cons

Pros	Cons
Diverse tradable assets	Offshore regulation risks
Various account choices	No physical office
Popular payment options	Wide 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 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

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

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	❌

Account Type

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

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

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

Trading Platform

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

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.