Is 8888Markets  a scam or a legit broker?

It is not safe to trade with 8888Markets, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

About 8888Markets
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is 8888Markets safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

8888Markets is an unregulated Forex and CFD broker that claims to be located in Dublin, Ireland. Although, the company is not licensed to offer its financial services in Ireland they have been targeting Irish residents. Moreover, Central Bank of Ireland has issued a warning against 8888Markets.

We don’t recommend to trade with 8888Markets or any other unregulated financial entities as they are not bound by any financial or ethical rules.

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Yet, it is always great to hear your personal opinion about 8888Markets. So you may share your experience or thoughts or discuss them below or ask us for additional information.

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