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• Our Review Method

• Is 8888Markets Scam or Legit Broker?

• What is 8888Markets?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding 8888Markets due to the issues we've identified.

Is 8888Markets Scam or Legit Broker? ▲

Engaging in trading activities with 8888Markets is deemed unsafe due to the absence of regulatory oversight. The broker is unregulated, raising substantial doubts regarding its legitimacy. Additionally, there are allegations suggesting fraudulent activities. Our investigation into the broker revealed that it lacks any form of authorization or registration, casting further suspicion on its operations. The absence of a legitimate address or transparent operational details suggests that 8888Markets may be conducting its business from an undisclosed location, far removed from any regulatory scrutiny.

What is 8888Markets? ▲

8888Markets positions itself as a Forex and CFD broker, allegedly based in Dublin, Ireland. Despite its claims, the firm lacks the necessary licensing to legally offer financial services within Ireland. The situation is further complicated by the Central Bank of Ireland's public warning against engaging with 8888Markets. This lack of regulation means that 8888Markets does not adhere to any financial or ethical standards, putting traders at significant risk. It is our firm recommendation to avoid trading with 8888Markets or any other unregulated entity, as they operate outside the boundaries of established financial regulations.

Conclusion ▲

In light of our comprehensive review and the significant concerns identified, we strongly urge traders to seek out only those brokers that hold valid licenses from reputable regulatory authorities. Such entities are required to adhere to a strict set of rules and regulations, ensuring a higher degree of safety and reliability. Trading with regulated brokers, like those in the UK or Australia, offers traders peace of mind and a level of protection that unregulated brokers simply cannot provide. Given the issues surrounding 8888Markets, including its lack of active operation and regulatory oversight, we advise traders to steer clear of offshore-based brokers, which are often characterized by instability and a disregard for stringent regulatory standards.