Reported as a scam / unregulated
Why 8xtrade is on the register
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. 8xtrade appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.