Significant red flags were found for this broker: it reportedly charges a "profit clearance fee" on winning trades, offers no demo account or educational materials, and doesn't use MT4 or MT5 (an unnamed proprietary platform instead). Multiple independent complaint threads describe alleged fund manipulation, pressure to deposit more, and withdrawal refusals or surprise fees demanded before payout -- one reviewer explicitly lists it as "not recommended." A second, independent research pass found that go4rex.com was added to the official blacklist of Chile's financial regulator (the Comisión para el Mercado Financiero) on 10 June 2025, for offering financial services without being registered or licensed there -- a confirmed regulator action, not just a review-site opinion. This is the most consistently red-flagged broker identified in this research; exercise significant caution.
| Regulated entity | FX Capital Ltd |
|---|---|
| Regulation | FSA Seychelles No. SD023 |
| Other Tier-1 regulators | None confirmed |
| Founded | Not independently confirmed |
| Headquarters | Claimed address in Seychelles -- an independent WikiFX investigation reportedly found no physical presence there, so this is disputed rather than confirmed. |
| Minimum deposit | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | Not independently confirmed |
| Instruments | Forex, shares/stocks, commodities, and indices offered as CFDs, per the broker's own site as relayed by a reviewer; crypto availability is unconfirmed, and no total instrument count was found. |
See GO4REX's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
|---|---|
| Execution model | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Withdrawals & deposits | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Overnight financing (swap) | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Currency conversion cost | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Inactivity fee | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Customer service | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Mobile experience | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
| Educational offering | Not independently confirmed in our research -- check the broker's own site or contact support directly. |
See how GO4REX's spread cost compares across every researched broker → · Forex broker fees explained
Is GO4REX regulated?
Yes -- FSA Seychelles No. SD023. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if GO4REX fails?
Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at GO4REX?
Not independently confirmed in our research -- verify directly with the broker.
What trading platforms does GO4REX offer?
Not independently confirmed in our research -- verify directly with the broker.
What is GO4REX's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was GO4REX founded?
Not independently confirmed in our research -- verify directly with the broker.
How is GO4REX's overall score calculated?
GO4REX currently scores 1.87/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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