8xTrade Forex Broker

8xTradeReview SummaryFounded2018Registered Country/RegionSaint Kitts and NevisRegulationNo regulationMarket InstrumentsCurrency pairs, stocks, gold, oilDemo Account✅ ($10 000 in virtual fund)LeverageUp to 1:50Spread/Trading PlatformWindows, macOS, mobile APP and the web-based platformsMin Deposit$10Customer Support24/7 - email: support@8xtrade.comFacebook: https://www.facebook.com/8xTrade/Address: Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, NevisRegional RestrictionsUSA, 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 allowed8xTrade 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 ConsPros Cons Demo accountsNo regulationLow minimum deposit requirementLimited trading assetsVarious feesNo MT4/MT5 platformLimited payment optionsOnly email supportRegional restrictionsIs 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 FeesAdministrative Fee$20Commission ❌Document Fraud Fee$20Deposit Fee ❌Withdrawal Fee $31 or the equivalentDormant Account/Inactivity Fee 10 EUR for 90 consecutive calendar days or more the cient does not place orders to make trades/transactionsSwap Fee 0.01% – 0.5% and in extreme circumstances up to 1.7%3 times higher than normal (Friday - Saturday)Trading PlatformTrading PlatformSupported Available Devices Suitable for 8XTRADE platform ✔Windows, macOS, mobile APP and the web-based platforms/MT4❌/BeginnersMT5❌/Experienced traderDeposit 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 DepositFees Processing Time Krung Thai Bank, Bank of Ayudhya, Bangkok Bank, Siam Commercial Bank, Kasikorn Bank, Thanachart Bank, UOB, CIMB Thai Bank350 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 USD2%, max 30 EUR/25 GBP/1500 RUB/1000 THB/30 USDUp to 3 business daysKasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Bangkok Bank, TMB Bank, Bank of Ayudhya (Krungsri), Government Savings Bank17 EUR, 15 GBP, 60 RUB, 500 THB, 20 USD