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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 67

Exposure

Open Account
Website

Score

Regulatory Index3.92

Business Index7.18

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

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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

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2025-05-17
  • The number of the complaints received by WikiFX have reached 65 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

67 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

DECEPTION

DOES NOT RETURN MY MONEY, KEEPS ASKING FOR DEPOSITS, AND NOW ASKS FOR A DEPOSIT OF $5000.00 DOLLARS

2024-12-10 18:40
Unable to Withdraw

Don't fall for total scams any more.

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.

2024-11-09 07:06
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

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
Scam

They are scammers

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.

2025-05-03 04:56
Unable to Withdraw

I cannot withdraw my funds

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?

2024-07-25 03:47
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
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
Unable to Withdraw

Scam by GO4REX

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.

2025-05-15 11:51
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?

2025-03-15 08:07
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
Others

They keep insisting me to deposit.

Good afternoon, I continue with my complaints filed on June 27, 2024, July 1, and July 4, 2024. Today, July 5, 2024, Ms. Luna Reyes (a staff member of the company Go4rex) contacted me, telling me not to miss the offer to deposit $1,000 to avoid losing my benefits. She extended the deadline for me to do so until Monday, July 8, 2024. I asked her if she was aware of the entire process of my account, and she said not completely. I asked for a minute to briefly explain everything I have been through (exposure on June 27, 2024). Her response was that Ms. Sophia Romano no longer works for them. I mentioned that it seemed strange to me because I was informed that she was sick, then on vacation and still sick, and today she no longer works for them, which is very convenient for the company. Ms. Luna Reyes continued to insist on making the deposit and not missing the opportunity. I told her that continuing to deposit and lose money is not an opportunity for me. I also mentioned the case of a complaint filed on July 2 on this platform (Fx3626528458 18:47). She responded very firmly that I already knew that by investing, I could win or lose all my capital. I replied that I want to withdraw my capital, which appears as a net worth of $2,553.57 dollars, or at least my investment of $1,500 dollars. She replied that it is not possible and that I should take the offer and make the deposit. She reiterated that I have until Monday to do so, otherwise I will lose my capital, and then she hung up the call. Now my account is no longer up for auction, and I am going to lose my investment. Can you help me recover at least my investment? Regards, Thank you.

2024-07-06 06:37
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?

2025-01-25 01:28
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...

2025-04-07 10:32
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
Others

They keep asking me for money.

Good afternoon. Following up on my complaints made on June 27 and July 1, 2024, I am providing further information. Today, July 4, 2024, Ms. Alice Acosta (I believe that's her name) or someone from the Audit department of Go4rex called me again, asking if I will make a deposit of $1,500 to avoid losing my benefits, which amount to more than $16,553.84. She reiterates that if I don't do it within 72 hours, my account will be put up for auction. I ask for a moment to access the application and log into my account. Upon entering my account, I see that the profits she mentioned are no longer the same as before; now there is a lower amount (figures: 3, 4, and 5). Net worth: $2,955.95, balance: $1,450.08, and 2 contributions that generated profits: NVDA: $8,179.90, EUR/USD: $30.39, MINUS exchange costs (I don't know what this is): NVDA: $8,007.04, EUR/USD: $47.38, for a total profit of $4,561.90 USD (less than what she mentioned). When I communicate this to her, she asks me to give her a minute (it was more than 5). I think she was not informed about this, and when she resumes the call, she tells me that she has an offer for me and that by depositing only $1,000, I would receive my benefits. I comment that they should deduct it from the total profits obtained, and she replies again that it's not possible, that I have to deposit it, and that she is already making me an offer. I respond that it is possible, and as an example, I closed two out of the four operations I had open from the beginning. In one of them, I had a profit of $70, and in the other, a loss of $40, and upon closing them, they were reflected in the account balance. I tell her that I no longer want to be stressed and have problems; I want them to return my investment of $1,500.00 and part of the net worth (although I don't think it's fair because they made profits with my investment). She replies that it's not possible as long as the operations are still open. I respond that for me, this is already fraud, and in one way or another, they want to steal all the capital from my account. She replies that I knew from the beginning that I had to cover a margin level of 738% (which is a lie because they never informed me about that) and that I have a maximum of 72 hours to make the deposit; otherwise, my account will be put up for auction. She hangs up the call and doesn't give me a chance to ask about that margin level. At the end of the call, I tried to withdraw the amount shown as net contribution (figure 6), and I see that it is a lower amount, $2,555.32, but it doesn't give me the option. The box where the word "WITHDRAWAL" is located is blank, and when I click on it, I receive the following message: "Dear Roberto Torres Marmolejos, at the moment, your withdrawal request cannot be processed due to insufficient trading volume." My second last name is misspelled; it should be just Marmolejo. I hope you can help me recover at least my investment. I am at your service. Regards, Thank you.

2024-07-05 08:49
    Data Source WikiFX Data provide
    Updated: 2025-05-17
    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 comment

    27

    Comments

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    FX4207526923
    0-3months
    Pues al principio todo perfecto empecé con un depósito de 100 dólares y después me pidieron aumento de otros 125 dólares y después ingresé 100 dólares más y después me pidieron para poder cobrar mis ganancias otros 200 dólares siendo un total de 525 dólares y que solo obtuve el primer retiro solo fueron 15 dólares y después tuve que dar los 200 dólares siendo un total de 4 mil pesos mexicanos para poder hacer un retiro ya aprobado y todo de 21 mil dólares ya que estaba en cobre pero casualmente ya haciendo mi depósito de 200 dólares y que ya me van hacer mi depósito solo me llega la cantidad de 40 dólares 789 pesos mexicanos solamente eso, ya que mi asesor me dice que el mercado dice que hay un negativo de 5865 dólares yo con un margen de 12,865 dólares que supuestamente ya está aprobado me salen con que necesito depositar 1200 dólares para poder liberar la cantidad y eso la mitad, ya que me pedían un 50% de importe de 600 dólares ya que es súper denigrante este robo.😡
    Pues al principio todo perfecto empecé con un depósito de 100 dólares y después me pidieron aumento de otros 125 dólares y después ingresé 100 dólares más y después me pidieron para poder cobrar mis ganancias otros 200 dólares siendo un total de 525 dólares y que solo obtuve el primer retiro solo fueron 15 dólares y después tuve que dar los 200 dólares siendo un total de 4 mil pesos mexicanos para poder hacer un retiro ya aprobado y todo de 21 mil dólares ya que estaba en cobre pero casualmente ya haciendo mi depósito de 200 dólares y que ya me van hacer mi depósito solo me llega la cantidad de 40 dólares 789 pesos mexicanos solamente eso, ya que mi asesor me dice que el mercado dice que hay un negativo de 5865 dólares yo con un margen de 12,865 dólares que supuestamente ya está aprobado me salen con que necesito depositar 1200 dólares para poder liberar la cantidad y eso la mitad, ya que me pedían un 50% de importe de 600 dólares ya que es súper denigrante este robo.😡
    Translate to English
    2025-05-15 23:26
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    FX3041681606
    0-3months
    Me estafaron con 350 dólar go4rex y no se que hacer gracias ,no es mucho Pero son mis ahorros gracias , eses son las fotos de las 3 veces que deposite ... La primera para entrar 100 la segunda para IA 100 más las tercera para sacar dinero 150 y cada día me pedían para sacar dinero pero yo no les dí más... gracias por ayudarnos
    Me estafaron con 350 dólar go4rex y no se que hacer gracias ,no es mucho Pero son mis ahorros gracias , eses son las fotos de las 3 veces que deposite ... La primera para entrar 100 la segunda para IA 100 más las tercera para sacar dinero 150 y cada día me pedían para sacar dinero pero yo no les dí más... gracias por ayudarnos
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    2025-05-15 11:51
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