8inFX Review

Is 8inFX Scam or Legit Broker?

No, 8inFX is a non-regulated broker. It is NOT SAFE to trade. Our research showed that the company does not have authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

What is 8inFX?

8InFX offers about 50 forex currency pairs, equity indices, futures, CFDs, energy contracts, and metals as trading options.

• 8inFX is owned by 2dots Limited. It is an offshore forex broker registered in Vanuatu with Vanuatu Financial Services Commission. The advantages of this license are speed and low cost. 2% of Forex companies start without licenses and operate in places such as Vanuatu or the Caribbean island of Nevis, so at some point, it is risky to trade with offshore-based brokers.
• We highly recommend that traders avoid offshore brokers and invest with brokers supervised by proper regulators, such as UK’s Financial Conduct Authority (FCA). All clients of FCA-regulated brokers are protected by the Financial Services Compensation Scheme up to GBP 50,000 per person, in case the company goes bankrupt.

8inFX Review Conclusion

We advise opening a trading account only with brokers that are regulated by respected world authorities and 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 HotForex, and BlackBull Markets.

8inFX Update

We found the 8inFX website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.