Go4ReX Broker Summary
- Overall Rating
Here at The Next Bitcoin you can learn about many trading platforms, one of them is Go4ReX, we have concluded that Go4ReX is a good trading platform, it is NOT a scam! Read our Go4ReX review today and learn all you need to know about the Go4ReX trading platform and why we recommend it for all traders.
The global financial terrain has over the years experienced massive transformation and upgrade solely due to the technological advancement and evolution of mankind. At one point in time, societies all over the world had the practice of trade by barter as the means of exchange as far as commodities are involved. Gradually, people evolved to the use of fiat currency for the payment of services which we can see today. However, this global financial development is taken further with the establishment of digital economies and systems. It is due to this digitization that online trading as a venture can be developed and established. People can now conduct business activities from any region of the world regardless of physical and geographical boundaries and limitations. Online trading, therefore, has contributed majorly in bringing ease to the process of exchanging goods and services globally.
Online trading has also led to the establishment and creation of digital currency which is popularly known as cryptocurrency. Cryptocurrency involves digital assets which have monetary value and can be exchanged in the market. One major market that utilizes online trading is the foreign exchange market which largely involves the exchange and trade of currencies and other commodities. The forex market is one of the biggest markets in the world as it is being traded on all the continents in the world. With the help of digital means, there are no physical or geographical limitations to the conduct of trade on this platform and this contributes majorly to the level of acceptance it enjoys on the global scale. In the forex market, there are several tradeable instruments and the market is a highly volatile one as it is subject to rapid price changes. For these and many other reasons, individuals and institutions need to interact with the market through forex brokers and this is Go4Rex as a firm comes in.
Forex brokers are companies and firms that help individuals and institutions trade effectively on the foreign exchange. They are firms that make it possible for individuals to interact with the market. Without the existence and operations of these brokers, it would be impossible for you to carry out trade activities therefore their relevance in the financial sector can not be overlooked or undermined. Presently, there are numerous brokers with which you can trade however for a profitable and pleasant trading experience, certain factors should be put into consideration. Before choosing a broker, you should consider its regulation status which simply means whether or not such a platform is regulated.
Being regulated as a forex broker implies that the conduct and operations carried out on the platform are subject to certain regulations and restrictions laid down by a financial regulatory body which is usually an authority in the global financial system. When a firm adheres strictly to the regulations of these bodies, it automatically grants them a form of credibility and trustworthiness which in turn gives prospective clients and users assurance of quality. Regulated brokers are also known to have standard procedures and processes for business conduct and are very professional in dispensing their duties. Other factors to consider include customer support system, security, and trading services offered as they go a long way in determining how much patronage a firm enjoys. Within the context of this review, important information about this forex broker would be provided and it would certainly be highly beneficial to you on your trading journey.
What is Go4Rex?
If you are ever in search of a profitable platform to make investments and trade conveniently, then this broker is the perfect choice for you. This is because the firm is a well-known and renowned provider of financial services or products and is open to investors and traders all around the world. The goal of this broker is to help individuals achieve trading success by utilizing standard and advanced technological innovations combined with high-level financial consistency and proficiency. To do this, the firm seeks to build a high level of trust between them and their traders and investors. To this end, the firm is constantly improving its features and bringing onboard more trading services and products that would give traders an enjoyable trading experience.
For this forex firm, meeting the financial needs of traders and making sure their trading experience is a warm one is a major priority. This is why the platform is dedicated to creating a seamless trading experience and a convenient environment for the conduct of transactions involving various assets. In addition to helping traders make maximum profits, the firm also offers them the opportunity to build their knowledge of forex trading and the market in general. This is achieved through the educational materials and contents provided on the platform that is aimed at giving traders especially the new ones and amateurs a standard understanding of trading and how it essentially functions.
Go4Rex Trading Services
Most traders and forex investors often prefer brokers who have multiple services which are also very beneficial to offer and in this regard, this particular broker is a perfect choice. Trading on this platform is highly profitable as the firm offers several tradeable assets which include forex, stocks, commodities, indices, and cryptocurrency. By making all these assets available, the firm gives its traders a variety of instruments to choose from and even the opportunity to conduct multiple trades and investments. So you can have a portfolio with these different assets and earn massive profits from each instrument.
In addition to these instruments, the platform also provides certain tools to aid the conduct of trade and the success of traders. These tools include trading signals, financial news, daily market news, economic calendar, financial calculator, and chart analysis. Each of these tools is beneficial to traders especially new ones who are yet to grasp a full understanding of the market operations. Trading signals and chart analysis are quite instrumental in the success of any trader as they help you determine when and how to enter or close a trade. They are also essential in developing trading strategies. Most brokers would stop at allowing you to make deposits and simply trade but this platform is specifically concerned with your market success and as such provides adequate tools to make such happen.
How Does Investment Work on Go4Rex?
Go4Rex offers six levels of trading accounts for its users. Every one of these accounts has distinct features and advantages associated with them. They include the basic account which is the primary trading account on the platform. It has a minimum stake of $250 and a welcome bonus of 20%. Other features in this account include 24/6 customer care service, exposure to education, exposure to stock market reviews, webinars, price notifications, etc.
The bronze account has a minimum deposit of $1000. Users with this account receive a 40% welcome bonus and other incentives. Its features include 24/6 customer service, daily videos on market analysis, junior account supervisor, price notifications, etc. In the silver account, traders are provided with a 60% welcome bonus and a minimum deposit of #2500. Users with this account benefit from 24/6 customer service and can use the platform’s education center. PRO webinars, price notifications, and video market analysis are available on this account. Users with this account are aided by senior account officers and personal training with professional account experts. The gold account is provided with an 80% welcome bonus and a minimum of $10000 for staking. On this account, users benefit from direct lectures and mentorships from experts and interact with VIP account officers to help them make good trading decisions. Its features include gold trading indications, trading strategies, 26/6 customer service.
Traders with platinum account enjoy a 100% welcome bonus. Also, it should be noted that the minimum amount for investment is $25000. Users on this account are offered unrestricted access to the company’s trading platform. Also, on this account, users can grow their trading strategies through mentorships and training from professionals. Some of its features include VIP account officer, videos on daily analysis, and Platinum trading indications.
On this broker, one of the essential things to note is its compatibility. Generally, trading systems worldwide have evolved and taken new shapes, and Go4Rex is not left out of this evolution. On this platform, it is possible to make your preferences as a user rather than being subjected to the options provided by the broker. Traders on the forex firm can make their trades in numerous formats, making the trading process easy. Also, the platform supports every mobile device and can be accessed from any location, provided there is the availability of the internet.
It does not matter whether you prefer PCs or smartphones. The platform experience does not diminish.
If you are not comfortable using a web browser to access the platform, there are options for mobile apps for iOS and Android devices that are more seamless and smooth during trading sessions. Trading on this forex platform is a great prospect as it is a platform that is widely known for a seamless and smooth trading experience. To be a user on this platform, you must be registered. The registration process happens in three procedures. Registration is the first important step. It is a prerequisite. In this process, you fill in your correct details, so you can listed on the platform’s database. It is free and straightforward.
The details required are your last and first name, contact, zip code, the country you are located in, and your email address. Finally, to keep your account safe, you must provide a strong and unique password. To ensure its security, let your password be a combination of numbers, symbols, and letters, to avoid a guess on your password by a third party. In case you find difficulties logging into your account with your details, you can change your password using your registered email address. However, this process consumer time and will require a re-verification by the platform to keep your funds safe.
Also, take note that you will be required to fill a space in the registration form to attest to your maturity as someone over 18 years and your agreement to the terms and conditions of the platform. The platform has provided different methods of making deposits to allow traders to make a choice that suits and fits them. Making a deposit is a criterion for trading. Your brokerage account is your access to the financial market. With your account, you can access the five most influential markets in the world. Once the deposit is made into your brokerage account, you can make purchases and start trading.
Go4Rex is focused on safeguarding the funds protecting the private information of its users. It uses well encrypted and updated technology to maintain customers’ security. Also, the broker keeps the funds of its users in a separate account, away from the third party. Its users are protected by different policies set up by the firm to uphold the trust between itself and its users.
This forex broker makes use of the Know Your Customer (KYC) system. This system requires its users to be verified. The regulatory body, Anti-Money Laundering (AML) has a system that mandates every broker to oversee the activities of their users, to avoid financial anomalies. In addition to this, the platform is controlled by regulatory bodies like the Financial Services Authority (FSA) and the International Financial Services Commission (IFSC).
The user interface on Go4Rex is easy to navigate through and understand. It has a display that gives regular updates on the stock market.
Also, the platform indicates price alerts when necessary. Educating your customers is the indication of a reputable and trustworthy broker. A cheat broker doesn’t want its traders to know the ins and outs of the trading because, this way, it might expose itself in front of its customers. A legal broker like Go4Rex that is customer-oriented wants its users to learn the basics of online trading.
Without learning basic information and abilities, an individual cannot be effective in any sector of professional life. Go4Rex assumes the obligation of educating traders when they trade on its platform. The instructional material in the educational center tab on the broker’s website is thoroughly planned and designed by specialists to cover the basic and advanced themes that directly impact trading. A vocabulary is included in the instructional resources for easy access.
This glossary comprises all of the trading terminologies that are regularly used and gives a better conceptual knowledge of the trading languages. The rest of the educational tools include videos on various themes. Videos provide a more in-depth understanding of online trading, and traders consider them entertaining. Some videos include lectures by well-known financial gurus who teach chart analysis and other important issues for a greater understanding.
The educational center features a part of commonly asked questions where customer support professionals have compiled the questions that are regularly asked, and trading enthusiasts usually ask them by contacting the hotline number. For traders’ convenience, all queries and their solutions from financial professionals are compiled in a separate section. Ebooks are instructional products that are provided as a free incentive for trading with this broker. On the trading platform, there is a great assortment of carefully selected books from some of the most knowledgeable traders and financial consultants. They have contributed their decades of work expertise and wisdom in the shape of a book for new traders.
Deposit and Withdrawal Fees
However, Go4Rex allows different methods for payments and withdrawals. The popular ones are transfer, online banking, card, BTC, etc. The minimum allowable amount for wire transfer withdrawal is $100, but for other methods, it is $50. For users with the Platinum account, there are no charges for first withdrawals. But for other accounts, a general charge of 3.5% is taken for their first withdrawals. The highest service charge for a withdrawal on the firm is about $3,500. For wire transfer withdrawals, the beneficiaries will be charged a service fee and a commission.
One of the ways and reasons this broker has evolved to this stage is through its customer support. This avenue helps it communicate and interact with its customers to aid improvement and development. For Go4Rex to keep meeting the needs of its clients, it offers phone support and email support.
From the overview, it can be seen that this broker has a well-established platform to meet users’ trading needs and grant them a seamless trading experience. However, some vital information is held by the firm, and this keeps its users in the dark. For prospective customers, it can seem like a red flag, and they will become undesirable to trade and invest in the platform. Its customer service operates every minute for six days and ensures to meet customer complaints.
Also, following its regulatory bodies, it offers adequate security for its users to maintain a healthy relationship with them and stay on top in the market.