Reported Website: https://8xtrade.com/
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.
