Warning: Is 8xtrade a Scam?

Is 8xtrade (8xtrade.com) a Scam?

8xtrade (8xtrade.com) has been flagged as a suspected fraud platform.

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 claims to be a trading firm, but it is unlicensed by any major financial regulator, like the ASIC or CySEC.

Cannot Withdraw from 8xtrade?

If 8xtrade fails to return your money, you need to act. Fill out the form below to consult our recovery team for a free assessment.

Is 8xtrade Legit?

8xtrade operates without supervision.

Trading with unregulated firms is highly risky. Legitimate firms are always registered with agencies like the FINRA or FCA for your protection.

8xtrade lacks this supervision. This means there is no legal recourse if they withhold your funds. Many online scams use unregulated entities, and recovering funds from them is difficult without professional assistance.

For instance, in the UK, unlicensed firms are outside the jurisdiction of the Financial Ombudsman. In the US, they are not part of SIPC, so your capital is completely exposed.

How They Steal Money

Investment fraud is getting smarter. 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 brutal tactic where scammers groom victims over weeks. They fake a friendship on social media. Eventually, they introduce a special crypto opportunity. It is a lie to get you onto a scam site like 8xtrade.

Rigged Platforms

Scammers build websites that mimic legit trading apps. They have charts and balances that increase. But it is a game. The scammer controls the prices to make you feel rich so you invest more. When you try to withdraw, the "profits" disappear.

Red Flags

• Unsolicited Contact: You get calls from "brokers" you don't know.
• No License: The firm lacks authorization.
• High Returns: They promise huge profits with no risk.
• Cannot Withdraw: You cannot get your money out. They demand "tax fees" before releasing funds.
• Pressure Tactics: Agents push you to deposit more.

Ignore fake reviews. Scammers frequently write their own positive reviews to look legitimate.

Conclusion

We advise against 8xtrade. It is likely a scam. Save your funds and use a regulated broker. Avoid 8xtrade.com at all costs.