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8X Trade

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8X Trade - Pros and Cons

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Company Information

Get to know 8X Trade

8xTrade is a trading platform offering a range of trading tools, low spreads, and access to various financial instruments. The company is registered with business number HE 410889.

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  • Forex Retail BrokerPRIMARY

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TrustFinance Intelligence Agency

Research date: Thg 06 28, 2025

Ather Energy's IPO opens today with a grey market premium (GMP) that has dropped to nil, indicating flat trading at around ₹321 per share. The IPO is valued at ₹2,981.06 crore with a price band of ₹304 - ₹321 per share. Analysts recommend subscribing to the IPO for long-term gains, highlighting Ather’s position in the growing electric two-wheeler market and its plans for capacity expansion. However, concerns exist regarding its financial performance, including ongoing losses and significant borrowings. The subscription window closes on April 30, 2025, with expected listing on May 6, 2025.

Ather Energy's IPO opens today with a grey market premium (GMP) that has dropped to nil, indicating flat trading at around ₹321 per share. The IPO is valued at ₹2,981.06 crore with a price band of ₹304 - ₹321 per share. Analysts recommend subscribing to the IPO for long-term gains, highlighting Ather’s position in the growing electric two-wheeler market and its plans for capacity expansion. However, concerns exist regarding its financial performance, including ongoing losses and significant borrowings. The subscription window closes on April 30, 2025, with expected listing on May 6, 2025.

A major stock broking scam in Surat has been uncovered, involving 15 individuals who allegedly created fraudulent Demat and trading accounts on Zerodha, leading to tax and GST evasion of Rs 2.20 crore. The CID crime branch has filed charges against the accused, including a former client associate of Zerodha who opened 432 accounts over two years using forged documents. The scam exploited 'iceberg trades' to generate high brokerage fees, resulting in significant financial losses for the involved accounts. Legal actions are currently underway against the perpetrators.

A major stock broking scam in Surat has been uncovered, involving 15 individuals who allegedly created fraudulent Demat and trading accounts on Zerodha, leading to tax and GST evasion of Rs 2.20 crore. The CID crime branch has filed charges against the accused, including a former client associate of Zerodha who opened 432 accounts over two years using forged documents. The scam exploited 'iceberg trades' to generate high brokerage fees, resulting in significant financial losses for the involved accounts. Legal actions are currently underway against the perpetrators.

The article discusses recent market movements, highlighting a significant rebound in Chinese stock markets as authorities attempt to stabilize the situation ahead of the Lunar New Year. BP's strong earnings report led to gains in the FTSE 100, with net profits surpassing expectations. The Reserve Bank of Australia expressed caution regarding interest rate cuts, noting that while inflation is easing, it remains high. The article emphasizes the delicate balance central banks must maintain to manage inflation pressures while supporting economic recovery.

The article discusses recent market movements, highlighting a significant rebound in Chinese stock markets as authorities attempt to stabilize the situation ahead of the Lunar New Year. BP's strong earnings report led to gains in the FTSE 100, with net profits surpassing expectations. The Reserve Bank of Australia expressed caution regarding interest rate cuts, noting that while inflation is easing, it remains high. The article emphasizes the delicate balance central banks must maintain to manage inflation pressures while supporting economic recovery.

Investors are advised to exercise caution with margin trading due to rising costs and market volatility. The margin trade funding (MTF) book of brokerages has seen significant growth, increasing from R7,100 crore in February 2020 to over R57,100 crore in March 2024. However, interest rates for margin funding have risen from 12-14% to 18-20%, driven by regulatory tightening and internal risk adjustments by non-banking lenders. Investors are encouraged to trim their margin leverage and overall exposure amidst uncertainties related to upcoming elections.

Investors are advised to exercise caution with margin trading due to rising costs and market volatility. The margin trade funding (MTF) book of brokerages has seen significant growth, increasing from R7,100 crore in February 2020 to over R57,100 crore in March 2024. However, interest rates for margin funding have risen from 12-14% to 18-20%, driven by regulatory tightening and internal risk adjustments by non-banking lenders. Investors are encouraged to trim their margin leverage and overall exposure amidst uncertainties related to upcoming elections.

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8XTrade Review: Is 8XTrade Broker Good?

Broker overview and general information

8XTrade was founded in 2018 and is one of the leading online trading brokers, offering Forex, stocks, indices, commodities and other digital assets.
The broker’s website does not provide much history or information about the company, which is a concern for investors, as the lack of information about history and transparency may indicate potential risks.

To make sure, we review all aspects of the broker to see if it has the qualities to be a quality broker.

Broker Licensing and Regulation

If you ask whether 8XTrade broker is good or not, you should start by considering the license factor first, which is not available for the broker's license information.

⚠️Warning: No licensing and regulatory information for this broker was found. Investors should be aware of the risks involved as there may be no financial protection from regulatory bodies. It is recommended to conduct thorough studies and consideration before investing.

Trading products and services

Trading products

  • Currency Pairs: Trade foreign currencies such as EUR/USD, GBP/AUD, and CAD/CHF, which are popular investments.

  • Stocks: Trade stocks from leading global companies such as esla, Spotify and Alibaba, allowing investors to be a part of their growth.

  • Commodities: Covers major commodities such as gold and oil, which are assets often used as a hedge against inflation and market volatility.

Trading Platform

Broker has its own platform to support usage on different devices with the following highlights:

  • Supports Windows, macOS and Android operating systems.

  • It has a wide range of tools and functions such as chart analysis, trading orders, and real-time market news tracking.

  • It has a user-friendly interface.

  • Access from anywhere, whether via computer, mobile phone or tablet, you can access the platform.

Platform type:

  • Windows applications

  • macOS applications

  • Android Application

  • Web platform:Accessible via browser, no additional software installation required.

Account Type

There are two main account types as follows:

  1. Live Account: This account is designed for real money trading. Users can open a real account by providing information such as email, country and setting an account password. The minimum deposit to start trading is: $10Suitable for beginners, as it has a low initial investment, this live account allows users to trade on real markets on all trading instruments available on the platform.

  2. Demo Account: For those who want to practice or test their trading strategies, brokers also offer demo accounts, which use virtual money to trade, simulating real market conditions, allowing traders to learn and get familiar with the platform without risking real money.


Deposit and Withdrawal Review

Deposit

MethodMinimum AmountCommissionProcessing Time
Bank Cards300 INR
4 EUR
4 GBP
4 USD
4%20 minutes - 3 business days

VISA

MasterCard

Withdrawal

BankDeposit MethodMinimum Deposit AmountFeeProcessing Time
Krung Thai BankKrung Thai Bank / QR350 THB
10 EUR
10 GBP
700 RUB
10 USD
0%Instant
Bank of Ayudhya (Krungsri)Bank of Ayudhya / QR0%Instant
Bangkok BankBangkok Bank / QR0%Instant
Siam Commercial BankSiam Commercial Bank / QR0%Instant
Kasikorn BankKasikorn Bank / QR0%Instant

Customer Service

  • Address: Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis

  • E-Mail :support@8xtrade.com

Broker Review Overview Summary

8xTrade broker is a trading platform that offers access to financial markets, but there are several considerations to consider. For example, the lack of regulation from a recognized authority makes it unreliable in terms of the safety of funds. There are also restrictions on services in many countries, and limited channels for customer service, which makes it difficult to get help. There has also been criticism of the unclear details of account types, which may leave investors without sufficient information to make decisions.


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