FX808 has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
FX808 locked my account without warning and demanded documents I had already submitted. for over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Segregated accounts|Fast deposits|No hidden fees|Risk management tools
Cons: Account statements could be more detailed|Search feature is basic
After using FX808 since I opened my account last year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Automated trading options|Dividend tracking
Cons: Alert system is basic
FX808 seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Social trading features|Demo account available|Professional team
Cons: Limited demo account features
The onboarding at FX808 was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Portfolio tracking tools|Clear documentation|Economic calendar
Cons: No fractional shares|Could offer more webinars
FX808 has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Great customer service|Personal attention|Segregated accounts
Cons: Cannot customize dashboard fully
FX808 advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Dedicated account manager|Fast execution|Educational resources|Professional team
Cons: Could offer more webinars|No live chat on mobile
I lost a significant amount because FX808 did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Multi-currency support|Risk management tools
Cons: No phone support on weekends
What really bothers me about FX808 is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after attending a webinar they hosted and I fell for the polished exterior. Never again.
Pros: Regular platform improvements|Stable platform
Cons: Would like more payment methods
I want to warn everyone about FX808. They have been flagged by Comisión Nacional del Mercado de Valores as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
The hidden fees at FX808 are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Two-factor authentication|Automated trading options|Easy to use platform|Real-time alerts
Cons: Inactivity fee applies after 12 months|Wait times can be long during peak hours