Score
8xTrade
Saint Kitts and Nevis|1-2 years| https://8xtrade.com/en
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Kitts and Nevis
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed 8xTrade also viewed..
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Website
8xtrade.com
Server Location
Netherlands
Website Domain Name
8xtrade.com
Server IP
80.92.202.10
Company Summary
| 8xTradeReview Summary | |
| Founded | 2018 |
| Registered Country/Region | Saint Kitts and Nevis |
| Regulation | No regulation |
| Market Instruments | Currency pairs, stocks, gold, oil |
| Demo Account | ✅ ($10 000 in virtual fund) |
| Leverage | Up to 1:50 |
| Spread | / |
| Trading Platform | Windows, macOS, mobile APP and the web-based platforms |
| Min Deposit | $10 |
| Customer Support | 24/7 - email: support@8xtrade.com |
| Facebook: https://www.facebook.com/8xTrade/ | |
| Address: Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis | |
| Regional Restrictions | USA, Canada, Switzerland, Australia, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea, Republic of the Marshall Islands, Puerto Rico, Liberia, New Zealand, the Russian Federation and/or any country of the European Economic Area (EEA) clients are not allowed |
8xTrade Information
Founded in 2018, 8xTrade is an unregulated broker registered in Saint Kitts and Nevis, offering trading on currency pairs, stocks, gold and oil with leverage up to 1:50 on Windows, macOS, mobile APP and the web-based platforms. The minimum deposit requirement is as low as $10.
Pros and Cons
| Pros | Cons |
| Demo accounts | No regulation |
| Low minimum deposit requirement | Limited trading assets |
| Various fees | |
| No MT4/MT5 platform | |
| Limited payment options | |
| Only email support | |
| Regional restrictions |
Is 8xTrade Legit?
8xTrade asserts that it implements Anti Money Laundering (AML) and Know Your Customer (KYC) policies to safeguard trading safety. However, the absence of valid regulation means that there is no governmental or financial authority overseeing their operations. Please be aware of the risk!
What Can I Trade on 8xTrade?
| Tradable Instruments | Supported |
| Currency pairs (EUR/USD, GBP/AUD, CAD/CHF) | ✔ |
| Stocks (Tesla, Spotify, Alibaba) | ✔ |
| Gold | ✔ |
| Oil | ✔ |
| Indices | ❌ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The broker offers flexible leverage options, varying by market instruments from 1:20 to 1:50. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
8xTrade Fees
| Administrative Fee | $20 |
| Commission | ❌ |
| Document Fraud Fee | $20 |
| Deposit Fee | ❌ |
| Withdrawal Fee | $31 or the equivalent |
| Dormant Account/Inactivity Fee | 10 EUR for 90 consecutive calendar days or more the cient does not place orders to make trades/transactions |
| Swap Fee | 0.01% – 0.5% and in extreme circumstances up to 1.7% |
| 3 times higher than normal (Friday - Saturday) |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| 8XTRADE platform | ✔ | Windows, macOS, mobile APP and the web-based platforms | / |
| MT4 | ❌ | Beginners | |
| MT5 | ❌ | Experienced trader |
Deposit and Withdrawal
The broker accepts payments via Krung Thai Bank, Bank of Ayudhya, Bangkok Bank, Siam Commercial Bank, Kasikorn Bank, Thanachart Bank, UOB, CIMB Thai Bank, VISA and MasterCard.
Deposit Options
| Deposit Options | Min Deposit | Fees | Processing Time |
| Krung Thai Bank, Bank of Ayudhya, Bangkok Bank, Siam Commercial Bank, Kasikorn Bank, Thanachart Bank, UOB, CIMB Thai Bank | 350 THB, 10 EUR, 10 GBP, 700 RUB, 10 USD | / | / |
Withdrawal Options
Clients have 1 free withdrawal per calendar month.
| Withdrawal Options | Min Withdrawal | Commission | Processing Time |
| Bangkok Bank, Bank of Ayudhya (Krungsri), CIMB Thai Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Thanachart Bank, TMB Bank, UOB, | 2 EUR, 2 GBP, 60 RUB, 70 THB, 2 USD | 2%, max 30 EUR/25 GBP/1500 RUB/1000 THB/30 USD | Up to 3 business days |
| Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Bangkok Bank, TMB Bank, Bank of Ayudhya (Krungsri), Government Savings Bank | 17 EUR, 15 GBP, 60 RUB, 500 THB, 20 USD |
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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นัท4511
Thailand
Scamming can earn 500,000, revealing the game... cutting off the total and only returning the first bill
Exposure
11-09
FX3301006859
Thailand
Be careful, you cannot withdraw.
Exposure
10-30
FX3301006859
Thailand
Trading a lot and refusing to pay will result in the closure of our account, claiming that we have violated the rules. Be careful.
Exposure
10-18
FX3301006859
Thailand
I trade normally without using any programs or VPN programs. In the first round, I had a small balance of 1600 and I was able to withdraw it as usual. I can play a lot and I admit that I did not follow the rules.
Exposure
10-16
FX3301006859
Thailand
I trade normally without using any programs or VPN programs. In the first round, I had a small balance of 1600 and I was able to withdraw it as usual. I can play a lot and it is said that I do not follow the rules.
Exposure
10-15