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/10

8 Bitnex

Australia Australia | 2-5 years |
Questionable Regulatory License | Self-developed | Suspicious Operational Region | High Potential Risk

https://8bxtrade.com/

Website

Rating Index

Influence

Influence

C

Influence Index NO.1

Ethiopia Ethiopia 2.96
Surpassed 14.70% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

https://8bxtrade.com/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region
Australia
Operating Period
2-5 years
Company Name
8 Bitnex Limited
Email
cs@bxfxcs.com
Company Website
Account Info
Business Region
Verified Site
Relationship Map
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Wiki Q&A
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Official Website

Verified Site

  • 8bxtrade.com
    99.83.198.95
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
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8 Bitnex

Related Companies

8 BITNEX PTY LTD(Australia)
Australia
8 BITNEX PTY LTD(Australia)
Deregistered
Australia
Registration No. 631034092
Est. Date
Source Official Statement

Company Profile

Company Profile

Review summary

8 Bitnex Review Summary
Founded2023
Registered Country/RegionAustralia
RegulationNo regulation
Market InstrumentsForex, stocks, commodities, indices
Demo Account/
SpreadFrom 0.9 pips
LeverageUp to 1:500
Minimum DepositUSD 100
Trading Platform8BXBTS
Customer SupportLive chat

8 Bitnex Information

8 Bitnex, a brokerage company who doesn't disclose much information about the background itselft, has Chinese website and mainly targets Chinese investors. It supports trading in more than 110 products including forex, stocks, commodities and indices.

The broker provides 3 tiered live accounts for different client groups, with an affordable minimum deposit of USD 100. Traders can execute trades on its proprietary platform 8BXBTS.

However, the broker is not being well-regulated by any official authorities so far, which degrades its credibility and trustworthiness.

8 Bitnex introduction

Pros and Cons

ProsCons
Affordable minimum depositNo regulation
Tiered accountsLimited customer support channels
Tight spreadsNo MT4/5 platforms
Live chat supportWithdrawal fees charged

Is 8 Bitnex Legit?

The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. 8 Bitnex is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose 8 Bitnex with caution.

8 Bitnex license

What Can I Trade on 8 Bitnex?

8 Bitnex offers 110+ trading instruments:

Tradable InstrumentsSupported
Forex
Commodities
Indices
Stocks
Cryptocurrencies
Bonds
Options
ETFs
8 Bitnex assets

Account Type & Fees

Bitnex does not provide demo accounts for practice. To start with the broker, you need to open a Standard account, with a relatively acceptable minimum deposit of USD 100.To go further, you need to invest more in higher tier accounts when gaining enough experience.

Spreads are tight, starting from 0.9 pips for the VIP account, 1.1 pips for the Professional account and 1.5 pips for Standard account.

Account TypeMinimum DepositSpread from
StandardUSD 1000.9 pips
ProfessionalUSD 5,0001.1 pips
VIPUSD 20,0001.5 pips
8 Bitnex account types

Leverage

8 Bitnex offers leverage up to 1:500 for all account types. It's always wise to be cautious with leverage since it's a double-edged sword which signifies your profits as well as losses at the same level.

Trading Platform

8 Bitnex offers a proprietary trading platform which can be downloaded on PC, mobile phones on Windows, iOS and Android devices. Traders can also access the platform via web, which has no limitation for devices to traders. The platform is said to have professional chart analysis indicators, efficient order execution.

Trading PlatformSupportedAvailable DevicesSuitable for
8BXBTSWindows/ iOS/ Android/Web8 Bitnex clients
MT4/Beginners
MT5/Experienced traders
8 Bitnex trading platform

Deposit and Withdrawal

You can deposit funds via UnionPay debit card through the internet bank with instant arrival.

While for withdrawals, processing time will be around 2 hours and minimum withdrawal should be CYN 1000, with below withdrawal fees charged:

Withdrawal FeeAmountFee
Less than USD 50USD 3
Less than 50% of account deposit6%
The first 3 times per day (withdrawal more than account deposit more than 60% and USD 50 )Free
From the 4th time within a day5%

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Self-developed
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is it risky to trade with 8 Bitnex?

Yes, trading with 8 Bitnex carries a high level of risk, as it is an unregulated entity operating without oversight from any recognized financial authority. WikiFX assigns it a very low overall score of 1.46. The broker's 'Suspicious Scope of Business' designation, combined with the lack of a client compensation scheme, means client funds are not protected by standard industry safeguards.

04-02
United States

What is the license number of 8 Bitnex?

8 Bitnex Limited does not hold any valid forex trading licenses from major regulatory bodies such as the ASIC, FCA, or CySEC. The entity operates without mainstream financial regulation.

04-02
United States

When was 8 Bitnex established?

8 Bitnex Limited has been in operation for between 2 and 5 years and is registered in Australia. The broker offers multiple account types, including a Standard account with a $100 minimum deposit and leverage up to 1:500, featuring floating spreads.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

Apa saja regulator forex yang paling umum dikenal?

Regulator forex yang umum dikenal antara lain Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), Cyprus Securities and Exchange Commission (CySEC), dan Monetary Authority of Singapore (MAS). Regulator-regulator tersebut biasanya memiliki standar pengawasan yang tinggi.

Two days ago

Apa itu WikiFX dan bagaimana membantu investor?

WikiFX adalah platform pihak ketiga yang menyediakan layanan pencarian informasi broker forex serta peringatan risiko. Platform ini mengintegrasikan informasi regulasi, umpan balik pengguna, dan riwayat operasional broker, serta melakukan evaluasi melalui model multidimensi untuk membantu investor memahami kondisi broker secara lebih menyeluruh.

Two days ago

Apa arti broker memiliki beberapa lisensi regulasi?

Broker yang memiliki beberapa lisensi regulasi biasanya beroperasi di berbagai yurisdiksi dan harus mematuhi persyaratan dari beberapa regulator, yang dapat menunjukkan tingkat kredibilitas operasional yang lebih tinggi. Namun demikian, kekuatan pengawasan setiap lisensi dapat berbeda, terutama lisensi offshore. Disarankan memeriksa lisensi dari regulator utama seperti FCA atau ASIC melalui WikiFX.

Two days ago

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States
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