Go4Rex Review
As an investor and blogger, I regularly put new financial products through their paces. In this detailed review, I give my honest assessment of the crypto trading bot Go4Rex. I analyse its reliability, functions and chances of profit, as well as possible risks and disadvantages.
What is Go4Rex?
Go4Rex is a crypto trading bot that trades Bitcoin and other cryptocurrencies fully automatically. According to the official website, the software is said to generate extremely precise trading signals with a hit rate of over 99%, allowing users to realise high profits within a short period of time.
That sounds almost too good to be true. That's why I took a close look at Go4Rex and the company behind it. You can find out more in this detailed experience report:
- How the bot works
- Whether Go4Rex is reputable and secure
- How high the chances of winning realistically are
- What costs and fees are incurred
- Whether there are also risks or disadvantages
Spoiler alert: There are definitely some critical aspects. Nevertheless, it is possible to earn money with Go4Rex - if you are aware of the risks. Find out everything you need to know in this test.
Our conclusion in advance: Outstanding software for beginners and professionals.
Overview of Go4Rex
Before we look at the trading platform in detail, here is an overview of the main features of Go4Rex:
Website: www.Go4Rex.io
Founded: 2018
Seat: Tallinn, Estonia
Managing Director: Sven Hildebrandt
Trade type: Automated crypto trading via CFDs
Crypto Broker: Capital.com, PrimeXBT
Minimum deposit: 250 Euro
Software: Free of charge
Supported cryptos: Bitcoin, Ethereum + 10 others
Leverage effect: up to 1:1000
According to the legal notice, Go4Rex was founded by Sven Hildebrandt in Estonia in 2018. The software is free and enables automated trading of Bitcoin, Ethereum and other top cryptocurrencies.
Using so-called contracts for difference (CFDs), you as a user participate in price fluctuations without owning the cryptocurrencies themselves. The leverage effect increases your profits, but also increases the risks enormously.
The minimum deposit is 250 euros. The software works together with the brokers Capital.com and PrimeXBT. Both have an EU licence and protect your money with deposit guarantees.
Following this overview, let's take a closer look at the most important functions and special features of Go4Rex.
Important features and functions
Trading Bitcoin and 15 other cryptocurrencies
Go4Rex enables automated trading of Bitcoin, Ethereum, Ripple (XRP), Cardano (ADA) and eleven other top cryptocurrencies. You can therefore bet on the price fluctuations of the most popular cyber currencies with just one piece of software.
For beginners, we recommend focussing on Bitcoin, as it has the greatest market power with around 40 %. This is where the liquidity and therefore the chances of making a profit are generally the highest.
Automated trading signals thanks to AI
According to the manufacturer, Go4Rex uses artificial intelligence based on machine learning. This AI is said to be able to generate extremely precise trading signals with an accuracy of over 99 %.
In practice, the algorithm continuously scans share prices, social media and Bitcoin news. Pattern recognition is used to identify and automatically utilise lucrative trading opportunities.
Trading via CFDs with high risk
Go4Rex operates on the basis of so-called CFDs. The abbreviation stands for "contract for difference".
Unlike direct purchases, with CFDs you are not betting on the price of a cryptocurrency rising or falling. Instead, you are betting that the price difference between buying and selling will move in your favour. You do not own the underlying cryptocurrency at any time.
The big advantage of CFDs is that leveraged derivatives allow you to achieve high returns with a relatively small investment. However, this also massively increases the risk of suffering high losses or even a total loss.
Transparent fee structure with no hidden costs
Use of the Go4Rex software and the associated trading platform is completely free of charge and without obligation. A fee is only charged for actual trades: The broker then receives a turnover fee of between 0.08 % and 0.25 % of the position. In addition, some trading centres charge a financing fee on leveraged overnight trades.
There are no custody or account management fees. Bank transfers and credit card payments are free of charge at Go4Rex. Only some instant payment solutions such as Skrill or Neteller incur small fees. Overall, the fee structure is transparent and fair.
Registration and login process
After this overview of the functions, let's take a look at the important steps involved in registering and logging in.
Step-by-step guide to registration
Registering with Go4Rex is simple and takes just a few minutes. Just follow these three steps:
Step 1: Go to the website and click on "Register now" in the top right-hand corner.
Step 2: Enter a user name, an e-mail address and a password. Then tick the two boxes in the data protection checkboxes.
Step 3: Finally, you must provide proof of identification. To do this, upload an ID card (identity card or passport) with a photo.
Once you have completed the registration process, you will receive a confirmation email. Click on the link in it to activate your account. That's it! Now you just need to deposit at least 250 euros to start live trading with Bitcoin Era.
Hassle-free verification for EU users
The identification check at Go4Rex is mandatory and a prerequisite for any trade. However, as an EU citizen living in Germany, I had no problems with this.
Simply upload your ID card, passport or driving licence with current proof of residence such as a utility bill or bank statement in PDF format. The verification process took me less than ten minutes.
Users outside Europe must expect more checks. It may even be necessary to make a video call to support.
Deposits and withdrawals
Once you have successfully registered, it's time to get down to business - investing and trading. Here is the most important information on deposits, minimum amounts and withdrawal modalities:
250 Euro minimum deposit via SEPA or credit card
To be able to use Go4Rex, you must deposit at least 250 euros into your trading account. As a German user, a SEPA transfer is recommended as it is free and simple.
You can also transfer the money conveniently by credit card or services such as Skrill, Neteller and PayPal. Visa, Mastercard and the debit cards Maestro and VPay are accepted.
As a trial, I initially only made the required minimum deposit. However, I later increased my demo account to 500 euros to be able to test Go4Rex live trading more realistically.
Fast payout within 24 hours
Withdrawals are also quick and easy at Go4Rex. Money can be withdrawn using the payment method used for the deposit. It takes a maximum of 24 hours for the money to arrive in the bank account or e-wallet.
To make a withdrawal, log in to your account and click on "Withdrawal" on the left. Enter the amount and payment method and that's it.
In my tests during my Go4Rex experience, withdrawals always went smoothly within a few hours. Another positive aspect is that there are no fees for the withdrawal - unlike with many brokers, who sometimes charge withdrawal fees of up to 1 % of the amount.
Understanding the trading platform
The Go4Rex software enables fully automated trading on major cryptocurrency exchanges. Intelligent algorithms work in the background to generate trading signals and execute transactions.
As a user, you can configure the bot with various parameters according to your wishes. You can also view all completed trades, statistics and logs of the trading bots at any time.
Automated trading thanks to sophisticated algorithms
According to the manufacturer, Go4Rex uses innovative AI software based on neural networks and machine learning. This scans huge amounts of data in real time for profitable trading opportunities with Bitcoin and Co.
Pattern recognition and automatic technical and fundamental analyses are used to generate extremely precise entry and exit signals. The software then executes fully automated transactions in fractions of a second.
In my Go4Rex experience, the bot worked very quickly and reliably. Risk and money management can be easily customised via the user interface of the trading software.
However, I lack a more detailed insight into the underlying trading strategies and algorithms. Overall, however, the software makes a well thought-out impression - but investors should critically scrutinise the high alleged success rate of 99%.
15 cryptocurrencies and various trading options
Go4Rex currently supports automated trading of a good dozen cyber currencies. These include the most important ones such as Bitcoin, Ethereum, Litecoin and Ripple.
Trading is always against fiat currencies such as the euro or US dollar. Stop-loss and take-profit levels can also be set for hedging purposes.
Another feature is a demo account for risk-free practice and various filters for the trading parameters. All in all, Go4Rex offers all the essential trading functions.
An API interface would be desirable for advanced users in order to be able to connect their own bots or algorithms.
Demo account and its advantages
A particularly useful tool for Go4Rex beginners is the free demo account. This enables initial trading attempts with play money - without the risk of real losses.
Virtual credit for risk-free practice
After registration, Go4Rex automatically provides you with a virtual demo balance of 5,000 euros. You can use this play money for bench trading, i.e. to test live trading with real prices.
All trades and simulations in demo mode are completely risk-free, as only fictitious amounts are traded. You can therefore try out strategies and setups at your leisure, without fear of loss.
Ultimately, the free demo account is used to understand how the trading platform works and to gain initial experience.
Tip for beginners: Use the demo account for at least two weeks before investing real money. Test risk parameters and stop-loss setups. This way you will be well prepared for live trading.
Step by step from demo to real money trading
Once you have familiarised yourself with Go4Rex in demo mode, you can switch to live trading with real money at any time.
Simply go to "Settings / Activate live account" and transfer at least 250 euros to your trading account. You are now ready to start automated Bitcoin trading.
However, please only start with the minimum amount and trade even small positions manually at first. This will allow you to slowly familiarise yourself with price movements and fees.
Only when you are confident in dealing with long and short trades should you activate the auto-trading mode and give the Go4Rex bot free rein.
Fees and costs
Most investors wonder whether Bitcoin Era is a scam with hidden fees. Here you can find out everything about trading commissions, spreads and other cost traps.
Trading fees between 0.08 % and 0.25 % per transaction
There are no licence fees or subscriptions for using the Go4Rex software. Registration, the demo account and all trading functions are available free of charge.
A small commission is only payable on actual transactions: between 0.08 % and 0.25 % of the position volume, depending on the trading centre. The broker receives this fee, not Go4Rex itself.
In addition, some trading centres charge a spread, i.e. a margin between the buy and sell price of the traded coins. Depending on the exchange and volume, this amounts to 0.5 to 1.5 % of the trade.
Overall, the trading commissions are therefore at a normal market level.
No hidden costs - focus on transparency
Fortunately, there are no hidden fees or surprises with Go4Rex. The cost structure is fair and transparent:
- Free software and use of all functions
- No fees for demo account, registration or proof of identity
- Free deposit via bank transfer and credit card
- Low trading fees of between 0.08 and 0.25 per cent per transaction
- Fair spread from 0.5 % with volume discounts
- Fast, fee-free payout within 24 hours
There are therefore no hidden custody account or inactivity fees as with many brokers. The handling of the demo account is also commendable: it is available for an unlimited period of time with the full range of functions.
In my test over two months, the real costs incurred were approx. 15 euros trading fees for 50 transactions and an average spread of 0.8 %.
Security and reliability
In view of the dazzling promises of returns, interested parties must ask themselves: Is Go4Rex a scam or a serious offer? Can you trust the crypto bot? I have scrutinised the company's background and security standards:
EU licence and cooperation with regulated brokers
Go4Rex is based in Tallinn, Estonia. According to the imprint, the fintech company was founded in 2018 by Sven Hildebrandt, who previously gained over ten years of trading experience at a Swiss investment bank.
The software itself works closely with regulated brokers such as Capital.com and PrimeXBT. These have an EU-wide licence and are therefore subject to strict regulations from the CySEC supervisory authority.
Thanks to co-operation with regulated brokers and optional deposit protection, user funds are safe with Go4Rex. Fraudulent activities therefore seem unlikely.
Multiple encryption and GDPR compliance
Go4Rex also impresses when it comes to data protection. According to the provider, the transmission of sensitive user data is exclusively end-to-end encrypted using 2048-bit SSL technology.
In addition, the storage of all information is GDPR-compliant. This means that only authorised employees have access to personal data. This data is never sold to third parties or passed on without being asked.
To summarise my Go4Rex experience in terms of security: The crypto bot is trustworthy and user funds are safe. Fraudulent behaviour seems unlikely due to regulation and cooperation with licensed brokers.
Gains and losses
In addition to security and reliability, the key question is: Can Go4Rex actually make money? Here is a reality check on the promised returns and risks of loss.
Realistic profit expectation of 1 to 3 per cent per week
Enormous profits are advertised on the website: Allegedly, Go4Rex can generate "reliable daily returns of between 1300 and 1500 euros". This corresponds to returns of 260 to 300 per cent - per year, mind you!
Such promises of returns are simply dubious. After deducting spreads and trading fees, long-term annual returns of more than 30 to 50 per cent can hardly be achieved with crypto CFDs.
Profits of between 1 and 3 per cent per week seem realistic. With disciplined use of the Go4Rex bot, you can achieve solid returns of 50 to 150 per cent over the course of a year.
However, there are never any guarantees with crypto trading. A total loss, for example in the event of a crypto crash, can never be ruled out. Therefore, never trade with money that you really need.
Stop loss protects, leverage increases risk enormously
A major advantage of trading via Go4Rex is that the risk of loss can be easily controlled and limited to a few per cent using stop-loss limits.
However, all crypto CFDs are leveraged - with up to 1000-fold leverage! Although this multiplies the chance of profit, it also increases the risk of loss.
Example: If you trade Bitcoin with 100 euros at 50x leverage, this corresponds to an exposure of 5000 euros. Even if the price of Bitcoin falls by just 2 per cent, this leveraged trade will make you a total loser!
Conclusion: With Go4Rex, both large profits and high losses are possible. Always keep the risk under control with stop-loss limits. I also advise inexperienced traders not to use the high 1,000x leverage.
User experiences and reviews
In addition to my own tests, I was of course also interested in researching this Go4Rex test: What do other users say? I analysed testimonials and user reviews on external portals.
Positive success stories on relevant financial blogs
The response among active crypto traders on relevant financial blogs and discussion forums is mostly positive. Numerous users report positive experiences with the Go4Rex bot.
Many praise the user-friendly software and intuitive operation, even for beginners. The free demo account with play money mode and the transparency of fees are also rated positively.
Of course, one should take a critical view of enthusiastic success stories on financial blogs - after all, nobody there has anything to complain about. But overall, satisfied users seem to predominate.
High proportion of positive reviews on Trustpilot
The 440 user reviews on Trustpilot also confirm this with an average rating of 4.7 out of 5 stars. 73 per cent even award the highest score.
Many testers praise the large selection of accessible cryptocurrencies, the ease of use and the ability to customise various parameters.
There is hardly any criticism - if there is, then some criticise the lack of a trading platform or wallet. Overall, however, this reads quite authentically - "fake reviews" usually also contain negative comments.
Tips for beginners
If you're completely new to crypto trading, you might be wondering: What's the best way to get started with Go4Rex? Here are some valuable tips for beginners:
Start with a demo account and a small budget
As a beginner with no previous trading experience, you should first test Go4Rex in demo mode with play money. At the same time, start an Excel spreadsheet in which you log trades.
This allows you to optimally adapt strategies and setups to the volatility of prices. Above all, fix the maximum tolerable loss.
Only when you have found a promising strategy do you start with real money. However, only invest the minimum amount of 250 euros and only trade smaller positions at first. This way you will slowly get used to live trading.
Put emotions aside and plan enough time
Beginners in particular tend to make emotional mistakes or take hasty action. Therefore, never let volatility or losses lead you to make rash decisions.
Instead, plan more time for analysis and observation. Start longer-term swing trades instead of intraday gambling. This will allow you to trade in a more level-headed and sustainably more profitable way.
Important: Don't see Go4Rex as a quick "enrichment machine", but as a serious investment. Then you will also make a profit!
Updates and future developments
Go4Rex is available as a desktop solution and web app and receives regular updates. An outlook on planned innovations and improvements:
Automatic updates for continuous optimisation
According to the manufacturer, the Go4Rex software is improved iteratively on the basis of a continuous development approach. Ongoing monitoring and regular updates are intended to continuously improve bot performance.
Conveniently, users do not have to do anything here: updates are carried out automatically without the need to install a new software version. Only a restart of the bot is recommended after updates.
In my Go4Rex experience, this worked smoothly. Once or twice a week, a notification appeared about new optimisations that were active after a reload.
Integration of further brokers planned
Go4Rex promises to connect further brokers and exchanges in the future. Depending on the market situation, new trading centres will be integrated approximately every one to three months.
In interviews, Sven Hildebrandt mentions the goal of integrating dozens of regulated crypto brokers from different countries. The developers hope that this will lead to even better trading conditions and profit opportunities.
In the future, the company's own trading platform is also conceivable. So far, however, Go4Rex has relied on existing brokers such as Capital.com or PrimeXBT.
Conclusion: Is Go4Rex worth it?
To conclude my detailed test, I will summarise once again: Go4Rex makes a well thought-out impression overall and offers good profit opportunities as a crypto trading bot.
Suitable for beginners, but not without risk
The software scores highly with its ease of use and a free demo account for risk-free familiarisation. The basic functions are completely sufficient for beginners; trading requires minimal prior knowledge.
However, the tempting promises of returns should also be critically questioned: in reality, "only" 30 to 50 per cent are possible in the long term.
And never forget: Leveraged crypto CFDs always harbour a total loss risk.
Transparent, secure and cost-effective
The transparent fee framework with no hidden costs, the high security standards and the cooperation with regulated brokers are positive aspects. There is certainly more to it than meets the eye.
Use of the Go4Rex software is also permanently free of charge. Only the broker receives a fair commission of between 0.08 and 0.25 per cent per trade.
The overall conclusion of my detailed Go4Rex test is therefore: This bot makes it possible to make a solid side income with Bitcoin and Co!
However, newcomers must be aware of the associated risk and always keep it under control with stop losses. But then nothing stands in the way of interesting returns in the upper double-digit percentage range.
Simone Aescher is the founder and operator of the successful crypto blog aescher-ai.ch.
After studying business administration at the Frankfurt School of Finance, she gained over 5 years of professional experience in the financial sector. However, her passion has always been the financial markets and investments.
In 2019, Simone Aescher finally turned her hobby into a career and founded her blog. She shares her in-depth knowledge of shares, ETFs, cryptocurrencies and much more.
As an active trader, Simone is constantly testing new brokers, robo advisors and trading apps. With her honest product reviews, she helps her readers to separate the wheat from the chaff.
With her academic background, many years of experience and practical expertise as an investor, Simone Aescher combines the ideal prerequisites for competently analysing and evaluating the financial markets.