Company name: 2dots Limited
Registration/license requirement: USD 2,000
Is 8inFX a regulated forex broker or a scam?
no, 8inFX broker is Non-Regulated Broker. It is NOT SAFE to trade.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.
8inFX is owned by the 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 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.
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