Read our Go4Rex review at FStar Capital Forex and Cryptocurrency Trading blog, find the answer to your question “is Go4Rex scam or legit” and much more! We have checked all the aspects of this broker and we recommend Go4Rex for online trading. It is NOT a scam. You can sign up with Go4Rex in the link below, or continue reading the full review.
Every trader starts with some skeptical thoughts in mind. When you start trading, you will also be wondering about a lot of things. You have many questions that you need answers to. At the end of the day, every trader is looking to trade without any hassles. Is that really possible? How can you make sure that you trade without hassle and inconvenience? How can you be sure that your trading journey will be profitable for you? That’s where it becomes imperative that you choose the right trading platform. It might not be the most important thing for new traders, but it soon becomes one.
The trading platform you choose has an effect on a lot of things. You can’t just trade without any risks. Yes, you will always have to take risks when you trade, but the main idea is to minimize those risks no matter how you manage that. At the same time, you don’t want to fall for things that can prove to be regretful at the end. For example, it can hurt you big time if you end up with a company that is not there to allow you to trade at all, but it only serves the purpose of making money from you.
Don’t be under the impression that this cannot happen. Many people become prey to online scammers. I don’t want that to happen to you and that’s why I am telling you about Go4Rex. This is a trading platform that has been liked by millions of traders from around the world. Why? You will know in this review.
|Trading Type||CFDs and Forex|
|Assets||Forex, Indices, Commodities, Cryptocurrencies, Stocks|
|Trading Platform||Mobile, Desktop, Tablet|
|Customer Support||Phone and Email|
|Account Types||Basic, Bronze, Silver, Gold, Platinum|
|Operated By||FX Capital Ltd.|
Deposits with No Hassle
For me, I personally hate it when I am told about things at the eleventh hour. You will be surprised to know that a lot of online companies will do that to you. When you sign up with them, there is nothing other than the deposit you make in your account. However, as soon as you start trading and withdrawing money from your account, you have to face a lot of different fees and service charges. Okay, so it still makes sense to me when they charge me service charges on other things. But why would you charge unnecessary commissions on my deposits.
I am just putting money in my own account. Why would you take money from me for that. I loved when I signed up with Go4Rex and for the first time, I did not have to spend my money on these commissions and unnecessary fees. I signed up with a small amount of just $250. That’s the amount you require to sign up with the basic account with this company. In other words, you will have access to all the things that this broker has to offer with just that small amount. Now, more importantly, I did not have to pay any unknown fees and commissions.
Everything that was going out of my pocket, I already knew about it. There were not unpleasant surprises or shocks. The best thing is that I was able to use the method that I like the most. I am modern person who likes to do things in the modern way. So, I choose to use my mobile phone to make payments through the internet payment systems. I use a couple of them, including but not limited to Neteller, Skrill, etc. I was able to use these methods and you can use them too. In addition to that, you can use your credit card for funding your account in addition to the bank wire transfer.
Pick an Account from Five
You will not be forced to sign up with something you don’t want to sign up with when you are on Go4Rex trading platform. At this moment, you might think that this is not a huge point, but I can tell you that it is much bigger than you think. Some online companies will ask you to make a small deposit of some money and tell you that you will get access to all their features with that amount. They will even promise that you will not lose any trade, which is a huge lie. In most cases, they are not even providing you with any trading services.
In the case of other companies, they will give you only a couple of account types to choose from. I don’t think that’s a good strategy either. When you have only a couple of accounts and you don’t like the features with the basic account, you are forced to sign up with something that does not fit your budget. That’s not going to happen when you sign up with Go4Rex. The company has made sure to give you a lot of option, five to be precise. You can pick the option that you think you can afford easily. You can always go with features that you will serve some value to you.
You don’t have to sign up with something that offers features you will not use. That usually happens when you have to pick an account for advanced traders even when you are just a basic trader. The basic trading account with Go4Rex will cost you only $250. You will have access to all the regular assets with this account. If you think you are not getting what you want, I would recommend that you go with the bronze account. This account requires no more than $1000 from you to sign up and start trading your favorite assets.
You then have the silver, gold, and platinum accounts. The amounts for these accounts are higher but you are going to love the additional features and perks that come with these account. You should pick them only when you are an advanced trader though
Learn Trading before You Start
Don’t trade unless you are sure what you are doing. You can’t just trade because you understand the basic concepts of the assets and the financial markets. These basic concepts are not going to help you much. There is a lot that you will have to learn before you can start trading. I have to tell you that there are many other sources from which you can get all the learning material about trading that you want. However, they are going to charge you fees for those courses. Not to mention, you can’t really trust their education because you never know how much they understand trading.
On the other hand, you have your online trading platform. These are the people and teams who really understand trading from the inside out. When they teach you something, you know it is valuable. You are going to love the fact that this broker has arranged for a lot of training material for you. You can use this training material to get some basic knowledge about trading. The trading glossary is also there on the website so you can know all the terms you will encounter when you become a trader.
Furthermore, you have some really in-depth courses that contain ebooks and videos for you to learn from. These videos can teach you even the most complicated and intricate concepts in trading with ease. They contain everything in the form of visuals and animations so you can understand them without any issues. That’s what I like about the best online trading platforms. These teams provide you with all the training material in the format that you can easily grasp. You can see that there are some courses that are entirely based on videos only for your convenience.
However, there is something you will like even more when you sign up with this team. You have the webinars available as well. Webinars are there for you to learn from the best experts in the industry. These people conduct what you call a seminar in the digital world (hence the name webinar) for you to ask your questions and get clarification. They discuss the latest trends in the trading world and tell you all the tips and tricks to help you trade successfully. Webinars have proven to be one of the most effective ways for online traders to learn trading. You will get access to them for free once you join this trading platform with one of the paid trading accounts.
Trade Assets and Diversify Your Trading Portfolio
One of the biggest issues you will face when you start trading is of trading many assets at the same time. I have to tell you here that based on my experience, I have found some online platforms that do not allow you to open multiple trades at the same time. You have to open one trade, let it close, and only then you can open another one. However, there are many platforms that will let you open many trades or orders at the same time. This feature, however, only makes sense when you have many assets in your access.
What if you have only a few handful assets in your access for trading? It will kill the purpose of trading and diversifying your trading portfolio. For you to diversify that, you will have to have access to a variety of assets, not from one but many financial markets. So, when you sign up with Go4Rex, you will love the fact that you can trade many assets at the same time. Firstly, you will be able to trade multiple assets at the same time. Secondly, you will have access to a variety of assets so you can pick and choose the ones that you prefer.
You will not be stuck in a particular trading market. If you like forex currency pairs, I am sure you will love the many options you will have in just this market. With other online platforms, you are only allowed to trade in a particular market. For example, some will allow you access to only the forex currency pairs. In addition to that, they will let you trade only the major currency pairs because they are stable and they offer these platforms some safety as well. But with Go4Rex, you will be able to access the most exotic and minor currency pairs that you don’t have access to with other companies.
I have to tell you that you are not limited to trading only the conventional CFDs with this broker. You will also have access to ETFs if you want. However, you will have to go with the right type of account if you want to trade those assets. Other than that, you can trade stocks from the biggest companies of the world and indices from many countries. This will allow you to diversify your portfolio like you have always wanted.
Before I close this particular passage, I have to bring this to your notice that you can trade digital currency pairs as well if you want with Go4Rex. You will have access to a variety of them on the same trading platform with some great leverages and spreads.
Spreads and Leverages
Spreads and leverages create what you call the trading conditions. The trading conditions that you have with online trading services providers indicate how long you will be able to trade with them. If the trading conditions are not good, you cannot really make much no matter how many years you trade for. You have to look at the opportunities that the broker creates for you on its trading platform and within its trading system. When you sign up with Go4Rex, you will notice that there are many opportunities for you to trade and make a lot of money.
Before I proceed, I have to tell you that you can’t just make money without any efforts. No matter how many opportunities you have, you will still have to put in your trading efforts to make any money on your trades. Profits are not generated automatically. You have to keep an eye on the market, speculate a lot, and make the right decisions to make the money that you have been aiming for. However, even when you put in your best efforts, you can’t really make much difference if your trading platform does not allow you to make money.
Small leverages and loose spreads can easily bit away from your trading profits. When you have loose spreads, you lose a lot of money in your trades. When you have small leverages, you can’t really make huge profits on your trades. However, I am pretty sure that you can avoid both these situations when you sign up with Go4Rex. The company has given you some of the tightest spreads on your trades. Not to mention the fact that you will get some really amazing discounts on your commissions as well. These are the commissions that you have to pay when you trade, but with Go4Rex, you will get up to 85% discount on those commissions if you go with the right account.
Now, I have to tell you that with the basic account, you will have leverages of up to 1:200. That’s already huge if you ask me. This leverage allows you to enter trades with only $1 while the $200 come from the broker that you have signed up with. You can imagine how big the trade would be if you are willing to invest $200 in a trade and the trading platform matches every dollar you invest with $200. What makes things even better is the fact that you can have even bigger leverages when you sign up with higher accounts. For example, if you go with the platinum account, you will have leverages of 1:400.
KYC and AML Policies
Yes, these policies are in place when you sign up with Go4Rex. The company has provided you with plenty of information about these policies right on the website for your peace of mind. How can these policies offer you peace of mind? Well, you will know that the trading service provider that you have signed up with is not letting any illegal activities take place on its platform. When you have a platform that does not have the AML policies in place, you can be sure that people who are laundering money will be able to sign up on it.
There are no checks in place that would stop such people from signing up with the company. They can provide the details of any bank account and credit or debit card. This debit or credit card might not even belong to them, but how would the broker know? The only way for the company to know is to have the AML policies in place. Through this policy, the online trading platform will require the customer to provide with the pictures of the account details, debit card, credit card, and/or the banks statement. In addition to that, the trader can only withdraw money or deposit it if they have their own name on the account.
As for the KYC policy, you can’t even think about signing up with the company if you don’t provide your personal information. You will have to provide the picture of the card on which you have your personal identification number. This allows for the online platform to recognize every single trader when they sign up with it. It also prevents any illegal entities from signing up because they know they will have to disclose their identity.
Regulation from a Regulatory Authority
You can’t really sign up with a company and feel safe unless they have proper regulation in place. This is something that many new traders can oversee when they sign up with online companies. The issue here is that they don’t think it is an important point to consider. If you are thinking about trading, I have to inform you here that regulation is probably the most important thing that you have to pay attention to when you sign up with an online trading service provider. This is the same advice you will get from expert traders when you ask them about signing up with online companies.
The problem here is that anyone can pretend to be a company with trading services. However, when you sign up with these companies, you have to give them your money. You have to be sure that the money is going in safe hands. In addition to that, you have to provide the online company with your personal details. You can’t really do that unless you are sure that your information will be protected thoroughly. That’s where brokers like Go4Rex come in. They provide you with the peace of mind that you are seeking with online trading.
You can rest assured while trading with this company because you will always know that it is regulated. Financial Services Authority is a well known regulatory body that you will hear the name of often. I can say that because when I was researching online trading platforms for my trading career, I usually found this name on the websites that were regulated broker. FSA regulates Go4Rex as well and that information is given right on the website. With this peace of mind, you can always trade with Go4Rex without any inconvenience and worries.
I have not even talked about the type of customer support you will get when you sign up with Go4Rex. I have not seen many companies that provide you with 10 different contact numbers for 10 different countries. However, that’s what happens on this website. You can always call the number that will make the call most affordable for you. In addition to that, you can send an email when you are not in a hurry to get a response. With all the great training, an amazing platform, and an expansive asset index, I am sure you will love your trading experience with Go4Rex.