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Update: We have received an overwhelming number of reports of people who have been defrauded by Go4Rex. If you have also been scammed by Go4Rex and wish to get your money back, you should use a money recovery service called Mychargeback to recover your lost funds from them, they will help you file chargebacks and also if necessary, report your case to the relevant authorities.
Go4Rex (Go4rex.com) is a CFDs, Crypto Currency, and Forex scam platform to rear its head in the trading world. Go 4rex is claiming to be a global leader in online trading. Such claims are unfounded as most members are crying foul after singing up. Reports from members indicate the platform is refusing to allow withdrawals. Want to know more? Read this genuine and honest GO4REX Review and get the truth.
Go4Rex is claiming to offer commodities, Cryptos, Forex, Indices, and Stock trading. After receiving numerous email complaints from members, we decided to investigate. Our findings are shocking to say the least. As it turns out, Go 4Rex is another online trading scam targeting unsuspecting online investors. By cloning a trading website, these scam artists are enticing investors to sign up. Most of the claims and promises found are fake and lack actual basis in regards to trading.
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Professional scam artists are at it again this time, with a Crypto trading scam platform. Thanks to our years of trading experience, we know how to spot a scam from a mile away. All they have to do is deposit some funds with this broker. And this is where we draw the line and expose these scam artists for who they are. Read this entire review and find out the damning reasons not to sign up.
According to the disclaimer at the footer of the homepage, the website is owned by FX Capital Ltd. To be on the safer side, we have to confirm their registration details ourselves. Shocking details emerged that this broker is not registered by any company register. It means these scam artists are using an anonymous company.
Another perturbing problem we noticed with this broker is their level of anonymity. No one knows who the CEO or CFO of the above company. It would seem these scam artists have left out their names for a reason. Anonymity is a scammer’s best friend as it gives them the chance to steal from investors. Once you deposit funds to this broker, you are actually dealing with an unknown third party. Ask yourself, who are the founding members of this platform? Who is actually operating or running this website?
By posting random numbers, investors are led to believe this is a licensed entity. Go 4Rex is claiming to be licensed by the FSA in Seychelles. Numbers used to indicate their license are SD023. Reading their disclaimer, it is evident these scam artists are preparing to make losses. It reads that FX Capital Ltd is not liable to any losses incurred when trading with CFDs. What if the losses are because of their negligence?
A real broker will post copies of their licensing certificates for all to see. By doing this, users will be able to verify the document as well as contact regulatory bodies. Scam artists don’t want users to find out they are using random numbers. And this is a red flag we must raise in regards to their licensing. Go4Rex is not licensed by any official regulatory body. You should stay away from unlicensed entities.
Due to the large number of complaints we have received, it is clear this is a scam. Stay away from Go 4Rex as these scam artists are only interested with your funds. Those members who send withdrawal requests are having a hard time. Any online trading platform must allow users to withdraw funds as per the laws and regulations. Without such strict rules, this would be a chaotic industry.
Go4Rex is furnishing users with five different account types to choose from. Accounts are named Basic, Bronze, Silver, Gold, and Platinum. What we found odd was the welcome bonus which starts at 20% to 100%. When asking for withdrawals, these scam artists will demand you pay them back any bonuses issued. Bonuses have become a bone of contention as it is best to disregard them. Scam artists will bait investors by promising a huge welcome bonus, stay away.
Depositing funds with Go4Rex is easy and quick, and this is what scammers want. The platform has used various depository channels such as Bitcoin, Comodo, MasterCard, Neteller, Skrill, Visa, and more. Having these depository channels ensures any investor from any part of the world can deposit funds. By doing so, they have increased their chances of scamming hundreds, if not thousands of investors. A huge problem still remains lack of withdrawal from members.
According to their platform page, their platform is compatible to desktop and mobile devices. Go4Rex trading platform is vulnerable, it is not secure. Lack of proper SSL Encryption means hackers can easily target this broker. It means hackers took advantage of this vulnerability to steal credit card information. And this is another red flag which must be raised.
Another perturbing issue with this platform is having no response team. At the bottom right hand side of their website, one would expect a live chat support. After investigating for a few days, their chat team was always unavailable. And this is what has been a major thorn as the scammers choose which email to respond to.
How can funds be safe with an anonymous and unlicensed entity? Segregation of accounts is also another problem as Go4Rex is pooling funds in one account. Merging assets in one account can prove disastrous when bankruptcy or insolvency knocks. Another problem is how they hide details regarding handling of funds. Go 4Rex does not indicate where their bank funds.
Evidence clearly points to this being a rotten online platform. Thanks to our investigation, we can strongly suggest Go4Rex is a scam. Ensure you stay away from this broker or else face huge financial risks. Mark their emails as spam and warn your family and friends from joining any of their affiliate programs.
Protecting our readers means we have to add this broker to our scam blacklist. Don’t open an account with any anonymous online platform. For details regarding Forex products, ensure you read our reviews.
Wishing all investors a lucrative trading experience.
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