Go4rex, a trading name of FX Capital Ltd., claims to be a licensed and regulated broker under the Financial Services Authority of Seychelles. However, it’s crucial to note that Seychelles is a well-known offshore zone for forex brokers, appealing to providers with low registration fees, minimal taxes, and loose regulatory requirements. Offshore brokers like Go4rex are not subjected to the strict oversight that reputable regulatory bodies impose, such as keeping clients' funds in segregated accounts or offering insurance in case of bankruptcy. This lack of regulatory rigor leaves traders vulnerable, as the broker is not obligated to prioritize client safety. Reports about Go4rex have raised concerns, with many users alleging misleading practices, difficulties in withdrawing funds, and lack of transparent customer support. These red flags should caution potential traders who prioritize secure and regulated trading environments. If you want to know more, read a complete Go4rex Review here.