Upon Verification: 8xtrade Is Operated Through The Website Https://8xtrade.com/, And The Domain Name Was Registered On December 5, 2018.
Reviewed 8xtrade Is An Unregulated Broker
Although 8xtrade Appears To Have Been Using Its Domain Name For About Five Years, The Company Behind The Brand Still Lacks A Valid License To Operate.
The Broker Claims To Be Operated By Digital Smart LLC, Which Is Allegedly Registered In St. Kitts And Nevis, An Offshore Jurisdiction That Does Not Regulate Or Supervise Forex Brokers Operating Outside Its Territory.
8xtrade Is Considered Illegal Without Any Other Valid License To Prove Its Legitimacy In The Forex Market.
Essentially, 8xtrade Is Not Regulated By Any Governing Body. Entrusting Investors' Funds To The Company Carries A High Risk Because There Are No Legal Safeguards To Keep The Funds Safe.
The Sum Judges That 8xtrade Is Actually A Scam.
And Most Non-compliant Brokers Do Not Disclose Providing Their Direct Real Contact Information, Such As Phone Numbers Or Company Addresses.
Note: 8xtrade As An Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Lack Of Regulation Increases The Risk Of Potential Financial Losses Due To The Lack Of A Regulator To Hold Companies To Account.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And When Choosing A Broker, Remind Everyone To Stay Away From These Unregulated As Much As Possible.
