What is 8xtrade (8xtrade.com)?
8xtrade is presented as an online financial service but has no approval from trusted regulators such as the FCA, SEC, or ASIC.
According to publicly available information, 8xtrade lists its website as 8xtrade.com, shows an address at Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis, mentions the email support@8xtrade.com, and claims to be operated by Digital Smart LLC.
Lost Money with 8xtrade?
If you lost funds to 8xtrade, act quickly. Use the form below for a free case review from cyber intelligence specialists.
Is 8xtrade Trustworthy or a Scam?
The biggest warning sign is that 8xtrade is unregulated. Genuine brokers are supervised by authorities to protect investors. Without this oversight, your funds are at serious risk.
When a company is not licensed, there are no safety nets such as compensation schemes or financial ombudsmen to turn to if problems occur.
Typical Scam Tactics
Fraudulent brokers often look professional but use tricks to take your money. Common warning signs include:
- Unsolicited Contact: Random phone calls, emails, or chat messages.
- No Real License: Missing or fake regulatory details.
- Unrealistic Profits: Promises of daily or guaranteed returns.
- Blocked Withdrawals: Delays, excuses, or demands for extra fees before releasing money.
- Fake Dashboards: Trading screens showing false balances or profits.
These schemes may also use fake reviews or celebrity endorsements to appear reliable, but they are fabricated.
What to Do if You’re a Victim
If you believe 8xtrade scammed you, don’t delay. Steps to take include:
- Stop all contact: Ignore calls, chats, or promises of refunds.
- Inform your bank: Immediately report the fraud and ask for help with chargebacks or reversals.
- Keep evidence: Save emails, chats, account screenshots, and payment records.
- Report to authorities: File a complaint with your local police or cybercrime unit.
Always choose regulated platforms and stay alert to common fraud tactics. Walking away is often the best protection.