8xTrade

8xTrade | 2024-11-28 18:08

Abstract：Founded in 2018, 8xTrade is an unregulated broker registered in Saint Kitts and Nevis, offering trading on currency pairs, stocks, gold and oil with leverage up to 1:50 on Windows, macOS, mobile APP and the web-based platforms. The minimum deposit requirement is as low as $10.

8xTradeReview Summary
Founded	2018
Registered Country/Region	Saint Kitts and Nevis
Regulation	No regulation
Market Instruments	Currency pairs, stocks, gold, oil
Demo Account	✅ ($10 000 in virtual fund)
Leverage	Up to 1:50
Spread	/
Trading Platform	Windows, macOS, mobile APP and the web-based platforms
Min Deposit	$10
Customer Support	24/7 - email: support@8xtrade.com
	Facebook: https://www.facebook.com/8xTrade/
	Address: Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis
Regional Restrictions	USA, Canada, Switzerland, Australia, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea, Republic of the Marshall Islands, Puerto Rico, Liberia, New Zealand, the Russian Federation and/or any country of the European Economic Area (EEA) clients are not allowed

8xTrade Information

Founded in 2018, 8xTrade is an unregulated broker registered in Saint Kitts and Nevis, offering trading on currency pairs, stocks, gold and oil with leverage up to 1:50 on Windows, macOS, mobile APP and the web-based platforms. The minimum deposit requirement is as low as $10.

Pros and Cons

Pros	Cons
Demo accounts	No regulation
Low minimum deposit requirement	Limited trading assets
	Various fees
	No MT4/MT5 platform
	Limited payment options
	Only email support
	Regional restrictions

Is 8xTrade Legit?

8xTrade asserts that it implements Anti Money Laundering (AML) and Know Your Customer (KYC) policies to safeguard trading safety. However, the absence of valid regulation means that there is no governmental or financial authority overseeing their operations. Please be aware of the risk!

What Can I Trade on 8xTrade?

Tradable Instruments	Supported
Currency pairs (EUR/USD, GBP/AUD, CAD/CHF)	✔
Stocks (Tesla, Spotify, Alibaba)	✔
Gold	✔
Oil	✔
Indices	❌
Cryptos	❌
Bonds	❌
Options	❌
ETFs	❌

Leverage

The broker offers flexible leverage options, varying by market instruments from 1:20 to 1:50. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

8xTrade Fees

Administrative Fee	$20
Commission	❌
Document Fraud Fee	$20
Deposit Fee	❌
Withdrawal Fee	$31 or the equivalent
Dormant Account/Inactivity Fee	10 EUR for 90 consecutive calendar days or more the cient does not place orders to make trades/transactions
Swap Fee	0.01% – 0.5% and in extreme circumstances up to 1.7%
Swap Fee	3 times higher than normal (Friday - Saturday)

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
8XTRADE platform	✔	Windows, macOS, mobile APP and the web-based platforms	/
MT4	❌		Beginners
MT5	❌		Experienced trader

Deposit and Withdrawal

The broker accepts payments via Krung Thai Bank, Bank of Ayudhya, Bangkok Bank, Siam Commercial Bank, Kasikorn Bank, Thanachart Bank, UOB, CIMB Thai Bank, VISA and MasterCard.

Deposit Options

Deposit Options	Min Deposit	Fees	Processing Time
Krung Thai Bank, Bank of Ayudhya, Bangkok Bank, Siam Commercial Bank, Kasikorn Bank, Thanachart Bank, UOB, CIMB Thai Bank	350 THB, 10 EUR, 10 GBP, 700 RUB, 10 USD	/	/

Withdrawal Options

Clients have 1 free withdrawal per calendar month.

Withdrawal Options	Min Withdrawal	Commission	Processing Time
Bangkok Bank, Bank of Ayudhya (Krungsri), CIMB Thai Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Thanachart Bank, TMB Bank, UOB,	2 EUR, 2 GBP, 60 RUB, 70 THB, 2 USD	2%, max 30 EUR/25 GBP/1500 RUB/1000 THB/30 USD	Up to 3 business days
Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Bangkok Bank, TMB Bank, Bank of Ayudhya (Krungsri), Government Savings Bank	17 EUR, 15 GBP, 60 RUB, 500 THB, 20 USD	2%, max 30 EUR/25 GBP/1500 RUB/1000 THB/30 USD	Up to 3 business days