ANSWER Dear Investor,
8xTrade is a fraudulent broker. It does not display any legitimate regulatory information and merely claims that its operating company, Digital Smart LLC, is registered in Saint Vincent and the Grenadines. However, a search in the official registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines shows that the company’s registration status is listed as “Discontinued.” Moreover, even if active, such a registration would not constitute a license to provide forex or investment services, as the FSA in Saint Vincent and the Grenadines does not issue regulatory authorizations for trading activities.
In reality, 8xTrade holds no authorization from any recognized financial regulator. We strongly advise against investing with this platform.
If you suspect you have already been defrauded, we recommend that you immediately report the incident to your local authorities. Please gather all relevant evidence, including transaction records, chat logs, emails, and screenshots. Additionally, you may file a formal complaint through our official website here, where our team will carefully review your case and provide guidance or explore potential solutions.
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