Go4Rex

Read this review of Go4Rex as it will shed some light on its nature and, and answer the most important question of all. Should traders invest here?

FX Capital Ltd is the parent or holding company that has its location in Seychelles, and is regulated by the Seychelles Financial Services Authority. The regulation speaks that the broker is legitimate, yet everything about the website tells a completely different story, as we shall see. But since we found the parent company name in the official database of the regulator, we have to treat this review as is appropriate.

We easily opened an account with it, and were brought against the typical illicit broker client portal and trading terminal. There were acquired a EUR/USD of 4.5 pips which is useless. However, on the Home Page of the broker’s website, there is a spread table claiming that the EUR/USD cost of trade is 3 pips which is no use to anyone. As for the leverage, it’s stated as being 1:200.

The trading assets we have on the trading terminal are Forex Pairs, Stocks, Commodities, Indices, and Crypto.

Spanish and English are the only two available languages in which the website is available.

GO4REX LOGIN

Without hiding anything, the trading terminal here is completely reminiscent of most scammer broker platforms, like those of FLIXGM and FXCoinClub. The platform comes with one huge drawback that breaks the whole experience. And that is the fact that the chart package does not belong to Go4Rex but to a third party chart provider. This mean that the broker has only half a functioning terminal for trades.

The spread has not changed from when we last noted it in the first section of the review: 4.5 pips, which is only profitable to the broker. The leverage is said to be 1:200.

The terminal is available as a browser based platform and, surprisingly as a mobile trader.

There are commissions on opening a CFD commission, but there is no clear indication as to the exact amount of these fees.

GO4REX MINIMUM DEPOSIT

The minimum deposit as per the client portal is $250. This the most common minimum deposit.

The only two depositing methods, again taken from the client area, are Credit/Debit cards and Cashier.

The only two base currencies are EUR and USD.

Judging by the methods of funding, the time should be immediate.

There are no depositing fees indicated.

GO4REX WITHDRAWAL TIME AND FEES

The broker will pay withdrawal within 2 days.

Any withdrawal fees have not been indicated.

Payment methods are probably the same as the depositing ones, although the legal documents keep mentioning bank transfers.

The withdrawal of bonus funds has to be done after a trader completes a withdrawal amount, that is not clarified.

The dormant account fee of $60 is activated after 60 days of inactivity. Furthermore if a cline that has not verified their account in 30 days, there is a monthly charge of $20.

BOTTOM LINE

Go4Rex might be regulated, but that does not rule out the fact that it offers poor trading conditions. We do not recommend it at all.