FAQ
We’ve listed all the most commonly asked questions for your convenience
My Account
Upon login, click the Forgot your password? link under the button and enter your email address. A new password will be sent directly to your inbox and you can then log in and change the password in the Change Password page. If you do not remember which email address you used to open your trading account, please contact Customer Support.
Your transaction history together with all the rest of your account activities may be accessed from the trading platform. Simply click the Reports button to access the information. You may need to use advanced filters to locate historical data.
On the dropdown next to your name, click Update Details. Change the details and click Save. Additionally, for your convenience, our Customer Support can assist you via email, live chat or phone.
All major currencies (USD, GBP, EUR) are supported. Your selected currency cannot be changed after the account registration process has been completed.
Banking
Depositing funds into your trading account can be made in multiple ways, using major credit cards, e-payments and bank transfers.
You can open your trading account without having to deposit. However, in order to start trading and get unlimited access to our education center and professional services, you need to fund your account with a minimum of $250.
The minimum withdrawal amount for credit/debit cards and e-wallets is $50. Additionally, the minimum withdrawal amount for wire transfers is $100. Click here for a full description of Go4rex‘s withdrawal terms and conditions.
Platinum and Black account holders are granted their first withdrawal free of charge. A service fee of 3.5% is charged on all other withdrawals. In the event that this percentage equals an amount of $30 or below, the trader will be charged a standard $30 withdrawal fee. 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.
You are able to withdraw the funds displayed in your trading account balance (minus the initial margin, payouts for open trades, and pending bonuses).
Withdrawal processing time is between 3-5 business days. Typically, the funds will be displayed on your bank statement a few days after the transaction has been processed, as the withdrawal procedure additionally requires your credit card company and bank’s approval.
Log in to your Go4rex account, go to the trading platform, click your name on the right-hand side of the screen and select Withdrawal. Enter the desired withdrawal amount (minimum $100 for wire transfer and $50 for all other payment methods) and click Withdraw. Your account manager will then contact you to finalize the transaction and you will receive your funds after approval and processing time (between 3-5 business days).
The withdrawal procedure is subjected to the initial investment method of payment you used. For instance, if you invested using your MASTERCARD and subsequently gained profits in your account, the initial withdrawal amount (up to the amount of the deposit) will be returned to your MASTERCARD. Any additional profit you have gained will be credited to you using a payment method of your choice out of our supported payment methods.
Please email [email protected] the following details for a wire transfer (if your account is eligible for this transaction):
Beneficiary name: Go4rex
Beneficiary address: Go4rex
Bank name: Go4rex
Bank address: Go4rex
Bank Account number: Go4rex
SWIFT: Go4rex
IBAN: Go4rex
Bank phone number: Go4rex
A Swift Code is a standard format of Bank Identifier Code (BIC) supplied by your banker. You will need this code in order to withdraw your funds via wire transfer. The Swift code consists of 8 or 11 characters, typically ending in Go4rex (letter format).
If there hasn’t been any trade executed in your account within 60 days, your account will be subjected to a dormant account administrative fee of $50.00. The fees will be deducted from your account balance on the date of the 61st day and monthly onwards until you resume your account activity, or until the balance reaches zero.
Trading on the Go4rex platform is subjected to a profit clearance fee. The fee is variable and depends on the profit volume generated from each position. ranging between a minimum of 1.50 and maximum of 5.00 per trade (USD, GBP or EUR).
No, the profit clearance fee applies to successful trades or those sold for profit. Additionally, the commissions of wire withdrawals will be charged to the beneficiary.
The profit clearance fee is determined by the total profit of the successful position. The fees are as follows:
250 or less = 1.50
251 – 500 = 2.00
501 – 1,000 = 3.00
1,001 – 2,500 = 4.00
2,501 or more = 5.00
These sums refer to the currency used in your account (USD, GBP, EUR).
Maintenance fees are a monthly account charge encompassing all services and features available for traders. Starting from the initial trade an investor executes, a monthly maintenance fee of 20 (USD, GBP, EUR) will be charged to the trading account on the last day of the month. If you begin trading after the 1st day of the month, you will then be prorated for the remaining fees, in accordance with how many days remain in the month.
Taxation generally depends on the tax law governing your country of residence. Therefore, Go4rex cannot delegate responsibility with its clients and they must tend to their own tax liabilities.
Account verification
As a regulated investment broker, we protect our clients from fraud or identity theft. It is for that reason that we require all clients to provide the necessary documentation for account verification purposes. All documentation is treated with 100% confidentiality. Click here for a full description of our account verification process. Upon login, clients can upload their documents directly through the site.
In order to start trading and withdraw funds, you must first provide us with: 1. Scan/photo of your government-issued identification (ID card, passport) 2. Scan/photo of your proof of residence (gas/electricity/home phone bill, Bank statement etc.) In addition, in a case where you deposited funds via credit card – a scan/photo of the front and back sides of your card. Click here for a full description of our account verification process.
The entire document must be clear and visible, including your full name, ID number, photo and expiration date. The expiration date must be valid (as well as not expiring within 3 months of submission).
The entire document must be clear and visible, including your full name, address, date of issue and utility company logo. Must be issued within the last 6 months of submission.
Identification documents can be:
1. Passport (For all nationalities)
2. Identification card (For all nationalities)
Address documents can be:
1. Water bill/invoice
2. Electricity bill/invoice (or voucher)
3. Gas bill/invoice
4. Landline phone bill/invoice
5. Home internet bill/invoice
6. Bank statement
An electronic bank statement is acceptable, as long as it is stamped by the bank.
Please make sure you sent/uploaded all the required documentation listed here. If you have further questions, please contact Customer Support.
If you are unable to provide a valid utility bill or a bank statement under your name, you must provide a valid utility bill or bank statement of the person(s) you are living with, accompanied by a signed letter confirming that you are indeed living with that person(s). The company will review this request and decide whether to verify your account or not.
The front of the card must clearly display the last 4 digits of the card number, the expiration date and the full name. The back of the card must clearly display the signature. Please ensure that the 3 digit CVV and first 12 numbers of the card are concealed.
If the credit/debit card is not under your name, both you and the card holder are required to sign a Credit Card Authorization Form. Make sure that you provide us with the credit card holder’s government-issued identification, proof of residence and email address. Please contact Customer Support to receive the form and further details.
If the credit/debit card is no longer in your possession, you will have to sign a Funds Authorization Form. Please contact Customer Support for further details.
Please email your documents to [email protected] or click here to upload them directly to the site.
Once the documents are provided by you, they are reviewed within 48 business hours. You will then receive an update via email as to whether they have been approved or not.
As a regulated investment broker, we require all our clients to complete a short questionnaire. Its purpose is to assess your financial knowledge, skills and expertise to better help us customize your trading experience and supply you with compatible guidance.
A professional client is a client who possesses the experience, knowledge and expertise to make their own investment decisions and properly assess the risks that they incur. In order to be considered a professional client, you must comply with one of the following criteria:
Entities which are required to be authorized or regulated to operate in the financial market, either from entities authorized by a Member State under a Directive, entities authorized or regulated by a Member State without reference to a Directive, and entities authorized or regulated by a non-Member State:
1. Credit institutions
2. Investment firms
3. Other authorized or regulated financial institutions
4. Insurance undertakings
5. Collective investment schemes and management companies of such schemes
6. Pension funds and management companies of such funds
7. Commodity and commodity derivatives dealers
8. Locals
9. Other institutional investors
Large undertakings meeting two of the following size requirements, on a proportional basis:
1. Balance sheet total at least EUR 20.000.000
2. Net turnover at least EUR 40.000.000
3. Own funds at least EUR 2.000.000
4. National and regional governments and public bodies.
5. Other institutional investors whose main activity is to invest in financial instruments including entities dedicated to the securitization of assets or other financing transactions.
Eligible counterparties may be considered to be falling within one of the following categories:
1. Investment firms
2. Credit institutions
3. Insurance companies
4. UCITS and their management companies
5. Pension funds and their management companies
6. Other financial institutions authorized or regulated under community or national law
7. Commodity and commodity derivative traders (dealing on own account)
8. National governments and their corresponding offices including public bodies which manage public debt
9. Central Banks
10. Supranational organizations
11. Third country entities equivalent to the categories mentioned above
When dealing with eligible counterparties, the CIF obtains express confirmation from the counterparty that it agrees to be treated as an eligible counterparty. This can be obtained either as a general agreement or on a transaction by transaction basis.
A retail client is a client who is not a professional client or an eligible counterparty. A retail client receives the highest possible level of protection.
Due to regulatory protocols, if a client does not verify their Go4rex account within a specific time period, the trading account is suspended. Only once the necessary documentation has been provided and approved, the account will be unsuspended. Click here for a full description of our account verification steps.
Trading basics
The investment amounts are the sums a trader invests in trades. The amounts are not fixed and can vary, according to your trading preferences. These amounts also set the level of pre-determined payout percentages and return on investment.
Underlying financial assets are the measured value of the stock, commodity, currency pair or index from which the position is derived. Because of the assets’ lack of ownership, when purchased, the cash value reflects the live market price of the asset it is based upon. Most common assets refer to the following four major markets:
Stocks (Coca Cola, Barclays PLC, Google Inc., Snapchat, etc.)
Indices (NASDAQ, DAX30, CAC40, DJIA, etc.)
Commodities (Gold, Silver, Oil, coffee, etc.)
Currencies (EUR/USD, GBP/USD, AUD/CHF, etc.)
The maximum investment amount varies and is determined by a number of factors, though traders are not restricted to buy or sell multiple positions or trades. If you were denied to trade because your investment exceeded the maximum amount on a single position, you can spread your investment across several positions.
The default assets that are displayed on the trading platform are assets which have proven to be in highest demand. For a full list of the assets available for Go4rex traders visit our Asset Index.
The underlying asset value often changes and as a result, the change reflects the asset’s quoted price – the bid/ask rate. The rates express the average bid/ask prices of the assets according to global financial exchanges, based upon an algorithmic data feed which is retrieved from various providers.
The colors reflect the relative position of the price against the previously obtained price or quote. The underlying asset price is either higher (green) or lower (red) than the previously obtained price or quote.
If a trader’s account holds insufficient funds, they will not be able to complete a position. Check your account wallet for the available margin of your trading account.
The permitted trading amount, to be spent on a single position, varies due to several parameters (asset class, available margin, account type etc.).
In the Asset Index, we provide you with the lists consisting of the precise trading hours and available assets, along with expiry times and descriptions.
Order execution expresses the way your trade is submitted. Because the market prices are in constant movement, not every submission of a trade request is approved. Therefore, to ensure that your trade request is submitted according to your terms, the order execution tool connects your trade to the markets, and control the price at which your order/trade is executed.
Go4rex offers 2 order execution types traders can enter the market with:
1. At Requested Price – allows you to determine one specific price at which your orders can be executed. By choosing this execution type, your order will either be rejected or accepted, depending on the asset’s market price. If the asset’s price changes, the system won’t be able to execute the trade. However, if the market price doesn’t change, your order will receive an approval and will be executed according to your request.
2. At Market – permits you to execute an order, even at times when the price change doesn’t allow it. This option prevents you from having trades rejected; instead, it executes your trade at the best available current market price.
The default execution type is set to At Requested Price.
If you have a question about a past trade, simply email it to Customer Support, at [email protected]. The email should include a print screen as well.
FX trading
FX, more commonly known as Forex or Foreign exchange, is the biggest and most traded market in the world, where global currencies are bought and sold with an average turnover of more than $5 trillion per day. Forex is traded 24 hours a day, 5 days a week and unlike other financial markets, there is no centralized marketplace for it. As a result, the Forex market attracts many traders, beginners and experienced alike. Click here to learn more.
FX trading with the Go4rex platform is very simple and involves buying one currency pair and simultaneously selling another. After you log in to your trading account, you are prompted with a click of a button into the trading platform, where you can select a variety of currency pairs, such as majors, minors or exotic. Once chosen, all that’s left to do is enter the amount you wish to BUY or SELL, set the stop loss and take profit parameters (optional) and click the Invest button. The same principle also applies to CFDs.
The base currency (also called the transaction currency) is the currency against which the exchange rate is quoted. As a rule, it will always be the first currency of any pair. For instance, in GBP/USD, the base currency is GBP.
The quote currency (also called the secondary currency) is the second currency quoted in a currency pair. For instance, in GBP/USD, the quote currency is USD.
The answer is no. There is absolutely no need for any previous experience in order to start trading Forex with Go4rex.
The maximum leverage that we offer currently stands at X200.
A strike price reflects the entry level market price for an underlying asset when a position is executed.
The returns on a successful investment at Go4rex may vary and depend on market movements. You can follow this formula to get an idea as to how returns on successful investments are calculated: (Closing Rate-Opening Rate) x (Closing {quote}/{home currency}) x Units.
The difference between traditional trading and forex trading is primarily regarded to their acquisition, or better yet, lack of acquisition. Traditional trading (such as stocks trading) has to go through stock exchanges, whereas forex trading does not involve any acquisition, just pure trading.
Technical
The most common reason for login errors happens when the password is copy-pasted (since there may be spaces before or after the password.) Make sure you type it correctly. An additional reason for login error is when your browser is storing old passwords through cookies. Please clear the cookies through the browser settings and if the problem persists, try entering with a different browser. For further assistance, please contact Customer Support.
No. All that is required to trade with Go4rex is to register online and fund your account.
Languages can be altered using the drop down menu at the top of the page.
Our eBooks are in PDF format. Some browsers support them without any additional plugins. If yours does not, please install a PDF viewer. The most common one is Adobe Reader. For further assistance please contact Customer Support.
No. Java™ is not required.
Yes, some pages, trading platform and video tutorials included, require Flash. Please download Adobe Flash Player.
There may be several reasons as to why you do not see our emails in your Inbox:
1. It went to the Spam folder (due to the email server mistakenly identifying our emails as spam).
2. Various email servers have interruptions, you may be encountering a temporary delay.
Please contact Go4rex Customer Support for further assistance.
You may need to check if you are using https:// – if so, please change it to http://.
Promotions
Traders points are trading volume indicators. They are calculated per traded position amount and are accumulated each time you close CFD positions.
CFDs calculation method:
For example, You bought 100,000 EURUSD, the value of the position is converted to your account nominated currency. Therefore, if your account currency is USD, the value of the position will be converted to USD using the real time EURUSD conversation rate. Let’s assume the EURUSD conversation rate is 1.07 therefore 100,000 EUR * 1.0700 = 107,000 USD. The USD ($) value of the position is now multiplied by 0.001%, which eventually entitles you with 1.07 trader points (107,000 USD * 0.001% = 1.07 trader points).
Please note, the example above describes a case where your account currency is USD.
The monthly amount of traders points required to maintain account types:
| Account Type | Min. Traders Points per Month |
|---|---|
| BASIC | 0 |
| BRONZE | 5 |
| SILVER | 15 |
| GOLD | 64 |
| PLATINUM | 165 |
| BLACK | 665 |
A pending money bonus, when granted, is not added to your account right away. Instead, there is a requirement of specific trading volume that needs to be generated for it to be released into your trading account (before expiration). With this, your account does not have any additional restrictions upon withdrawing. To view your current bonus requirements, check out our Bonus Terms and Conditions.
You can easily check your pending bonus status on the trading platform:
1. Click the Trading Room button (located on the upper right-hand side).
2. Click the Reports link (located under the Deposit button).
3. Select the Bonus Report tab.
4. Monitor the Points Achieved column to track the volume accumulated daily, and subtract it from the Points Requirement column to understand how many traders points are needed.
Please take into consideration the expiry date for each pending bonus. To get the bonus expiry date, contact your account manager.
Before the trading volume is met, your pending bonus is segregated from your available funds and is not available for trading or withdrawing.
To qualify for participation in the challenge and get a chance to win cash prizes, all you need is to fund your trading account and contact your account manager.
Each month there will be 10 winners. Rewards vary from challenge to challenge and can range from $300 all the way up to $50,000.
Each month the parameters change. Points can be earned depending on trading volume, trading on specific assets, the number of successful trades and so on.
Participants must claim their winnings in the first 2 weeks following the end of the challenge. Please contact Customer Support for further assistance.
If the challenge results in a tie for one of the winning ranked places, the prizes will be equally split among the contenders.
Our Refer a friend program is an exclusive reward program in which an Go4rex trader invites his friends to trade with us. When the referred friends become traders, the referrer is rewarded with referral bonuses.
Entering the program is simple. You send your contacts an invitation link via Facebook, Twitter, Google + and email. In addition, you can also enter your friends’ details and we invite them for you. On each deposit of up to $1,999 your friends make, you get $200 in referral bonus. On deposits of $2,000 and up you get $300 in referral bonus.
To be eligible for the referral bonus, your referred friend must make a deposit within 120 days of the referral date. You’ll be able to redeem your referral bonus once the referred friend opened 8 positions or reached a 0 balance on his account. Read the full terms and conditions here.
Regulation
“Go4rex is a licensed online broker, regulated by the FSA Seychelles, license number SD023”
We make sure your funds at are 100% secure at any given time. That’s exactly why we distinguish our clients’ funds by segregating them in separated bank accounts, completely isolated from Go4rex‘s own money.
Your account details are being kept safe thanks to Go4rex‘s state-of-the-art security measures. Your funds and personal information are SSL encrypted and safely stored. Additionally, our site is constantly monitored, to ensure complete protection from identity theft and/or credit card fraud.
Yes. As a part of the services we offer, we are required to provide you with a fully-transparent trading environment. Our advanced system is programmed to quote up-to-the-minute market prices with zero delay.
