General Information
GO4REX is a Seychelles-registered financial services provider, established in 2018, offering more than 1,000 financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. GO4REX is owned and operated by FX Capital Ltd which is regulated by the Financial Services Authority (FSA) in the Republic of the Seychelles under license number SD023. Traders can engage in trading stocks, indices, forex, commodities, and cryptocurrencies, offering diverse opportunities for investment and speculation. The broker offers a comprehensive selection of over 1,000 global assets, allowing traders to diversify their portfolios and take advantage of market movements. With the GO4REX desktop and mobile trading platforms, traders can stay connected and execute trades efficiently, benefiting from real-time charts and data display.
The broker offers different account types, such as Basic, Bronze, Silver, Gold, and Platinum, with varying minimum deposit requirements and commission structures. Traders can choose the account type that best suits their trading preferences and goals.
To support traders' growth and development, Go4Rex provides educational resources, including video courses, eBooks, and an asset index, allowing traders to enhance their trading knowledge and skills. Additionally, customer support is available through email, telephone, and a contact form, but it is a drawback that the platform dont offer online chat.
Is Go4Rex legit or a scam？
Go4Rex is regulated by the Seychelles Financial Services Commission (FSA) with license number SD023. The SFSC oversees financial activities in Seychelles, ensuring client fund protection, risk management, and ethical conduct. Go4Rex follows robust Know Your Customer (KYC) procedures, maintains segregated client accounts, and promotes risk transparency to provide a regulated trading experience.
Pros and Cons
Go4Rex platform has its own set of pros and cons. On the positive side, it is regulated by the Seychelles Financial Services Commission, providing a level of security and regulatory oversight. The platform offers multiple deposit and withdrawal channels, a wide range of trading instruments, high leverage options, and abundant educational resources to enhance traders' knowledge. However, a notable drawback is the absence of live chat support, which may inconvenience traders in obtaining prompt assistance. Additionally, traders should be mindful of transaction fees associated with using the platform. It is important for traders to carefully consider these pros and cons and make informed decisions based on their individual trading needs and objectives.
Go4Rex platform has its own set of pros and cons. On the positive side, it is regulated by the Seychelles Financial Services Commission, providing a level of security and regulatory oversight. The platform offers multiple deposit and withdrawal channels, a wide range of trading instruments, high leverage options, and abundant educational resources to enhance traders' knowledge. However, a notable drawback is the absence of live chat support, which may inconvenience traders in obtaining prompt assistance. Additionally, traders should be mindful of transaction fees associated with using the platform. It is important for traders to carefully consider these pros and cons and make informed decisions based on their individual trading needs and objectives.
Market Instruments
GO4REX 's offering includes some popular financial tradable instruments, such as Forex currency pairs, indices, stocks, commodities, and cryptocurrencies.
Go4Rex is a brokerage firm, providing a diverse range of market instruments, catering to the needs and preferences of its traders.
One of the key offerings of Go4Rex is its stock trading instruments. Traders can engage in buying and selling shares of publicly listed companies, allowing them to invest in well-established corporations and potentially benefit from their growth and profitability. In addition to stocks, Go4Rex offers a wide range of indices as trading instruments. Indices represent a basket of stocks from a specific market or sector, providing traders with a way to track the overall performance of a particular segment of the market.
Forex, or foreign exchange, is another prominent trading instrument provided by Go4Rex. The forex market allows traders to speculate on the fluctuations in currency pairs, providing opportunities for profit from the exchange rate movements between different countries' currencies.
Commodities trading is another option offered by Go4Rex. Traders can participate in the commodities market by buying and selling various physical goods, such as gold, silver, oil, natural gas, agricultural products, and more. Commodities can serve as a hedge against inflation or provide opportunities for speculative trading based on supply and demand dynamics.
Lastly, Go4Rex recognizes the growing popularity of cryptocurrencies and offers them as trading instruments. Cryptocurrencies, such as Bitcoin, Ethereum, and others, have gained significant attention in recent years. With Go4Rex, traders can engage in cryptocurrency trading, speculating on the price movements of these digital assets and potentially benefiting from the volatility and growth of the cryptocurrency market.
Minimum Deposit
To meet different traders' trading needs and experience, GO4REX offers five different types of accounts: Basic (minimum deposit of $250), Bronze (minimum deposit of $1,000), Silver (minimum deposit of $2,500), Gold (minimum deposit of $10,000), and Platinum (minimum deposit of $25,000).
The Basic account requires a minimum deposit of $250 and provides access to a range of trading instruments, including forex, commodities, indices, and major shares. The commission fee for this account is set at the standard rate.
The Bronze account, with a minimum deposit of $1,000, offers traders commission discounts of up to 15%. In addition to the instruments available in the Basic account, Bronze account enjoy same available instruments as Basic account.
The Silver account, requiring a minimum deposit of $2,500, provides even greater benefits. Traders with a Silver account can enjoy commission discounts of up to 65%. Alongside the instruments offered in the Bronze account, Silver account holders have the opportunity to trade US and ES shares, expanding their trading opportunities.
The Gold account, with a minimum deposit of $10,000, offers substantial advantages. Traders with a Gold account can benefit from commission discounts of up to 75%. In addition to forex, commodities, indices, and US and ES shares, Gold account holders can also trade cryptocurrencies, diversifying their investment portfolio.
For experienced and high-volume traders, the Platinum account offers exclusive features. With a minimum deposit of $25,000, Platinum account holders can enjoy commission discounts of up to 85%. This account type provides access to a wide range of instruments, including forex, commodities, indices, US and ES shares, cryptocurrencies, ETF US, and premium stocks.
GO4REX Leverage
The leverage offered by Go4Rex varies depending on the chosen account type. The Basic, Bronze, and Silver accounts provide traders with a leverage of 1:200, offering increased trading power and flexibility. The Gold account offers a higher leverage of 1:300, allowing traders to amplify their positions even further. For those seeking the highest leverage available, the Platinum account provides a leverage of 1:500, enabling traders to maximize their trading potential. It's important for traders to consider their risk tolerance and trading strategies when selecting an account type and leverage ratio that best suits their individual needs.
Spreads & Commissions
The broker charges fixed spreads as commission for all trading products offered. Forex main spreads: 4.5 pips for EURUSD, 4.7 pips for GBPUSD, and 5.3 pips for USDCAD. Major spreads on commodities: 2.1 pips on spot gold, 0.04 pips on spot silver, and 0.12 pips on WTI crude oil. Major spreads for indices: 5 pips for Nasdaq Composite, 3 pips for S&P 500, and 18 pips for Hang Seng 50. Major spreads for cryptocurrencies: Bitcoin spreads are 115, Litecoin is 2.4.
Forex:
EURUSD: 4.5 pips
GBPUSD: 4.7 pips
USDCAD: 5.3 pips
Commodities:
Spot gold: 2.1 pips
Spot silver: 0.04 pips
WTI crude oil: 0.12 pips
Indices:
Nasdaq Composite: 5 pips
S&P 500: 3 pips
Hang Seng 50: 18 pips
Cryptocurrencies:
Bitcoin: 115 pips
Litecoin: 2.4 pips
It's important to note that these spreads may vary due to market conditions. Traders are advised to stay updated with the latest spread information provided by Go4Rex to effectively manage their trading strategies and expenses.
Go4Rex implements commission fees that are tailored to the different account types available. The Basic account operates with standard commission rates, while the Bronze account offers a 15% discount on commissions. Traders who opt for the Silver account can enjoy a generous commission discount of up to 65%, providing substantial cost savings. For those with a Gold account, the commission discount increases to 75%, enabling traders to further reduce their trading expenses. The Platinum account offers the highest commission discount of up to 85%, providing significant savings for high-volume traders. These varying commission fees cater to traders of different experience levels and trading volumes, allowing them to select an account type that suits their specific requirements and trading preferences.
GO4REX Trading Platform
GO4REX offers traders a GO4REX desktop version and mobile version trading platform. The GO4REX desktop trading platform balances simplicity and sophistication, enabling traders to access over 1,000 global assets from the global forex, stock, and commodity markets as well as a range of major indices to trade, with one-click order execution, real-time charts, and real-time data display. The GO4REX iOS and Android platforms provide traders with the freedom and flexibility needed to trade effectively, and traders can trade freely at any time and from any location.
Deposit & Withdrawal
GO4REX welcomes several flexible deposit and withdrawal methods, mainly online banking, wire transfer, credit card, NETELLER, Skrill, Bitcoin, etc. The minimum withdrawal amount is $100 for wire transfers and $50 for all other methods. The first withdrawal is free for traders with platinum accounts, and a 3.5% service fee is charged for all other accounts. The maximum service fee for a single withdrawal is capped at $3,500. Service fees for wire withdrawals will be charged to the beneficiary. Additionally, the commissions of wire withdrawals will be charged to the beneficiary.
Customer Support
The Go4REX customer support can be reached through several contact channels, including email, telephone, as well as a contact form. However, live chat support is not available, though it is the quickest way to get responded. Besides, there is also a “FQA” section designed for most common answers.
Educational Resources
Go4Rex offers a variety of educational resources to enhance traders' knowledge and experience. They provide video courses covering topics such as forex, CFDs, and cryptocurrencies, allowing traders to learn at their own pace. The platform also offers a range of eBooks that delve into various trading subjects, offering valuable insights and practical tips. Additionally, Go4Rex provides an asset index that gives traders a comprehensive overview of tradable instruments and their characteristics. These educational resources aim to help traders stay informed about market trends, learn effective trading strategies, and make informed decisions. Whether traders are beginners or experienced professionals, Go4Rex's educational resources are designed to improve their trading skills and achieve their financial goals.
Conclusion
In conclusion, Go4Rex is a brokerage firm offering a diverse range of trading instruments, providing traders with access to global markets. The advantages of Go4Rex include a wide selection of trading assets, real-time data, and one-click order execution. And, the firm is regulated by the Seychelles Financial Services Commission. However, it is important to note that Go4Rex does not offer live chat support, which may inconvenience some traders seeking immediate assistance. Despite this drawback, Go4Rex provides educational resources and other customer support channels to assist traders in their journey.
FAQs
F: Is Go4Rex regulated？
Q: Yes, Go4Rex is regulated by the Seychelles Financial Services Commission.
F: What types of trading instruments are available on Go4Rex？
Q: Go4Rex offers a variety of trading instruments, including stocks, indices, forex, commodities, and cryptocurrencies.
F: What are the minimum deposit requirements for opening an account on Go4Rex？
Q: The minimum deposit requirements vary depending on the account type, starting from $250 for the Basic account.
F: What are the available deposit and withdrawal methods on Go4Rex？
Q: Go4Rex supports various deposit and withdrawal methods, including online banking, wire transfer, credit card, NETELLER, Skrill, and Bitcoin.
F: Are there any fees associated with deposits or withdrawals on Go4Rex？
Q: Go4Rex does not charge any fees for deposits, but there may be fees for withdrawals depending on the chosen method.
F: Does Go4Rex offer educational resources for traders？
Q: Yes, Go4Rex provides educational resources such as video courses, eBooks, and an asset index to help traders enhance their knowledge and skills.
F: How can I contact the customer support team at Go4Rex？
Q: You can reach Go4Rex's customer support team through email, telephone, or by using the contact form available on their website.
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