8xTrade Review 2025: Safety, Features, and Reliability

8xTrade is an online brokerage firm established in 2023 and registered in St. Kitts and Nevis. The broker primarily focuses its services on the Southeast Asian market, specifically Thailand and South Korea. Currently, 8xTrade holds a WikiFX Score of 1.35, which is considered very low. It operates without valid regulatory information, classifying it as an unregulated entity. Due to the lack of oversight and a recent influx of user complaints, traders are advised to exercise extreme caution.

Pros and Cons of 8xTrade

Based on the available data and user feedback, here is an objective breakdown of the broker's strengths and weaknesses.

• ✅ Support for English customer service via Email and Facebook.
• ✅ Extensive local payment support for clients in Thailand, including major banks and QR payments.
• ❌ No Regulation: The broker is not supervised by any recognized financial authority.
• ❌ Low Trust Score: A WikiFX score of 1.35 indicates high risk.
• ❌ Withdrawal Issues: Multiple user reports regarding blocked accounts and denied withdrawals.
• ❌ Offshore Registration: Registered in St. Kitts and Nevis, a jurisdiction with loose financial oversight.
• ❌ New Entity: Established in 2023, offering a limited track record.

Is 8xTrade Safe? Regulatory Analysis

Regulatory status is the most critical factor in determining the safety of funds. Upon reviewing the regulatory certificates and registration details for 8xTrade, the following information was found.

Risk Warning

8xTrade currently operates without any valid regulation. The broker is registered in St. Kitts and Nevis, an offshore jurisdiction known for having fewer requirements for financial service providers compared to Tier-1 regulators like the FCA (UK) or ASIC (Australia).

Because this broker is unregulated:

• There is no guarantee of segregated client funds.
• There is no compensation scheme in place if the broker becomes insolvent.
• There is no external authority to arbitrate disputes regarding trade execution or withdrawals.

Real User Feedback and Complaints

In the past three months alone, WikiFX has received 4 formal complaints regarding 8xTrade. The majority of these reports come from users in Thailand and highlight a consistent pattern of issues.

Withdrawal Disputes and Account Blocking

Multiple users have reported that while small initial withdrawals (e.g., 1,600 units) are processed successfully, larger profit withdrawals are frequently denied.

• Account Closures: One user reported that after generating significant trading profits, the broker blocked the account and cancelled the balance, citing “rule violations” without providing clear evidence.
• Accusations of Violations: Another trader mentioned that they traded normally without using VPNs or prohibited programs. However, when they attempted to withdraw profits, 8xTrade claimed they did not follow the rules and refused the payout.
• Reduced Payouts: A focused complaint described a situation where the broker claimed a “game bug” occurred, cut the user's balance, and only returned the initial capital/first bill, effectively erasing 500k in potential value.

Trading Conditions and Fees

While specific data regarding leverage, spreads, and trading software is not explicitly detailed, the available information highlights the funding methods and support structure.

Deposit and Withdrawal Methods

8xTrade places a heavy emphasis on the Thai market, offering a wide array of local banking options. This suggests an entry condition tailored for local convenience. Supported institutions for funds transfer include:

• Bank Transfers: Bangkok Bank, Bank of Ayudhya (Krungsri), Government Savings Bank, TMB Bank, UOB, Siam Commercial Bank, Krung Thai Bank, Kasikorn Bank, CIMB Thai Bank, and Thanachart Bank.
• QR Payments: QR code payment options are available for most of the major banks listed above, facilitating quick transfers.

Final Verdict

8xTrade presents a high-risk profile for traders. Although it offers convenient banking methods for clients in Thailand and English language support, the negatives significantly outweigh the positives. The broker was only established in 2023, holds a very low WikiFX Score of 1.35, and is completely unregulated. Furthermore, multiple verified complaints detail serious issues regarding denied withdrawals and arbitrary account closures when traders become profitable.

Due to the lack of regulatory protection and the severity of user allegations, 8xTrade is not recommended at this time.

To stay safe and view the latest regulatory certificates, check 8xTrade on the WikiFX App.