Warning: Is 8xtrade a Scam?

8xtrade (8xtrade.com) Review

8xtrade (8xtrade.com) has been identified as a potential fraud operation.

We found that the company name is Digital Smart LLC, it is located at Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis, and the support email is support@8xtrade.com.

8xtrade appears to be a financial provider, but it appears unlicensed by any top-tier authority, such as the FCA or SEC.

Victim of 8xtrade?

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Is 8xtrade Safe?

8xtrade runs without regulation.

Investing with unregulated entities is very dangerous. Legitimate firms are always registered with bodies like the FCA, CySEC, or CFTC for your protection.

8xtrade lacks this supervision. As a result, there is no legal recourse if they keep your funds. Most online scams use unregulated entities, and recovering funds from them is difficult without professional assistance.

For example, in Europe, unlicensed firms are outside the jurisdiction of the compensation schemes. In the US, they are not members of regulatory bodies, so your capital is at risk.

How They Steal Money

Online trading fraud is evolving. Criminals use social engineering to take your savings. Below are common methods used by brokers like 8xtrade (8xtrade.com).

Pig Butchering & Romance Scams

"Pig Butchering" is a common method where scammers groom victims over weeks. They build a friendship online. Eventually, they mention a secret investment. It is a lie to get you onto a scam site like 8xtrade.

Fake Trading Dashboards

Scammers build websites that look exactly like real trading apps. You see graphs and balances that increase. But it is a simulation. The scammer manipulates the numbers to make you feel rich to deposit more. When you try to withdraw, the "profits" are gone.

Red Flags

• Unsolicited Contact: You get calls from "brokers" out of the blue.
• Unregulated: The firm has no legal registration.
• Guaranteed Profits: They promise 1% daily returns with no risk.
• Cannot Withdraw: They refuse withdrawals. They ask for "tax fees" first.
• Aggressive Sales: Agents push you to invest bigger amounts.

Ignore fake reviews. Scammers frequently write their own positive reviews to appear real.

Final Thoughts

Our verdict is to avoid 8xtrade. It appears to be a fraud. Protect your money and find a regulated broker. Avoid 8xtrade.com at all costs.