8xtrade
We checked 8xtrade against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Although 8xtrade seems to have been using its domain name for about five years, the company behind the brand still lacks a valid license for its operations. The broker claims to be operated by Digital Smart LLC, allegedly registered in St. Kitts & Nevis, an offshore jurisdiction that does not regulate or supervise forex brokers operating out of its territory. Without any other valid licenses to prove its legitimacy in the forex markets, 8xtrade is considered illegitimate. In essence, 8xtrade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 8xtrade appears to be a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report 8xtrade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.