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88 traders Review - is scam or good forex broker?

RATING: 1.5 / 5 REVIEWS ForexBrokerz is an offshore broker. Your money is not safe.



Trading Accounts


Account type 

Minimum deposit 

Maximum leverage




















88traders is a broker, which offers forex and CFD trading via multiple account types, as described above. As you can see, the deposit requirements jump fairly drastically from one level to the next. The company either has technical difficulties or has yet to set-up its servers properly, but you can’t currently download their trading platform. 


The Company. Security of Funds





88 Traders Ltd.




88 Traders Ltd. is the company behind It is registered in Vanuatu and falls under the regulatory oversight of the local VFSC, which is known for its loose standards. Usually the risks involved with off-shore brokers are enough for us to avoid trading with such a company.


Vanuatu in particular has attracted lots of dishonest forex brokers (and outright scammers) due to its low regulatory demands – a company needs to have only $2,000 in capital, in order to get the license. Compare that with the Australian Securities and Investments Commission (ASIC)’s demand of AUD 1 million, for instance, and you would get the picture. Furthermore, ASIC forces brokers to implement the segregated accounts principle. This is a measure, which ensures companies can not mix their own funds with their clients’ investments (and then “accidentally” spend some of the latter). In essence, this prevents the most simple form of fraud – a company not being a broker at all, and refusing to allow “clients” to withdraw anything. Vanuatu and Australia both lure forex brokers, but for different reasons, hence different types of companies register with each.


If the VFSC regulation wasn’t dubious enough, 88traders also heavily emphasizes on offering its clients Expert Advisors and Managed Accounts. Both of these practices are not often used by credible brokers, as they create a massive potential for conflict of interest. If a company operates with a STP/ECN model, they have the hidden incentive to offer strategies which trade more frequently, providing more commissions in the process. On the other hand, if a company is a Market Maker, the catch is even more obvious.


Trading Conditions


Minimum Initial Deposit has set a minimum initial deposit of $50. This is quite normal, when compared with other brokers. That being said, some go even lower, like FXTM, who only require $5 for a cent account.


The minimum requirement should only be an important factor for new traders, who are willing to step it up after months of demo trading. Serious (and well capitalized) traders do not consider this as an important factor, when comparing brokers.


Average spreads & Commissions

There is no information regarding spreads at 88traders. We couldn’t even download the trading platform, in order to see their offer. This is a rather unusual situation, which may be indicative of a serious technical issue. While we can’t really tell you what the conditions at 88traders are, we have set-up a real-time comparison of the spreads offered by some of the world’s leading forex brokers here. Feel free to check it out. 



88traders offers leverage up to 1:500. This may seem like quite a lot if you are used to trading other asset classes, but is not that uncommon for the forex market.


Do keep in mind, higher leverage only gives you the ability to take bigger positions. This can lead to massive gains, but also greater losses (in relation to your account balance). Do not invest money you can not afford to lose without having a solid trading plan, involving strict risk management. 


Trading Platforms


88traders provides its services via MetaTrader 4 (MT4). Although we have some issues with this broker, this trading platform is one of the best. That being said, you can not currently download it. Again, this may be due to a temporary technical glitch or a sign of a more serious issue. 


MT4 has great charting capabilities, can handle a lot of instruments at the same time (depending on your hardware, of course) and has an easy to learn programming language. The latter, combined with its popularity, has led to development of many custom add-ons. They are mostly new technical indicators and automated trading systems (called Expert Advisors). The coolest thing about them is the fact they are broker independent. Basically, if you choose to switch to a different MT4 broker, you can easily transfer your entire collection. 

Methods of Payment


V88traders provides a few payment options. The funding methods include Credit Card, Skrill, Neteller and eHKonnect. 




88traders is an off-shore forex broker. The company is registered and regulated in Vanuatu, which is notorious for its loose standards. Furthermore, at the time of writing of this review, we couldn’t download the platform from the website. If this wasn’t enough to turn you away, we have some other issues with the broker. Here is a summary of this broker’s pros and cons:


Pros Cons
MetaTrader4 Platform Off-shore regulation
  No clarity on spreads
  Also offering EAs and Managed accounts
  Platform not downloadable (may be temporary)


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Traders` reviews for
















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88 brokers

88 brokers were good till I asked for money

Barry McQueen 10/13/2018

deposited money and no luck

getting money back , they have a different story every day

luke patrick JOYCE 10/07/2018

Fraude Grande

Esta compania es un fraude yo deposite $250 US dollars en diciembre del 2017 y nunca he podido recuperar mi dinero, siempre me dicen que mi cuenta no esta activada he mandado la informacion requerida para activarla pero siempre dicen que nos se activo, es ahora Marzo 02 de 2018 y he visto que han desaparecido $50 US dollars de mi deposito, posiblemente van a decir que es un fee o algo asi, yo tengo toda la documentacion y e-mails con las respuestas, alguna idea de como poner fuera de negocio a estas ratas? toda ayuda sera bien apreciada
Gracias y mucho cuidado!!! recuerden

Translated by Google:

This company is a fraud I deposit $ 250 US dollars in December 2017 and I have never been able to recover my money, they always tell me that my account is not activated I sent the information required to activate it but they always say that we are active, it is now March 02 of 2018 and I have seen that $ 50 US dollars have disappeared from my deposit, possibly they will say that it is a fee or something, I have all the documentation and e-mails with the answers, some idea of how to put these businesses out of business rats? all help will be well appreciated
Thanks and much care !!! remember

Antonio Schlemmer-Badachi 03/02/2018

Scam operation

This company Capital88 is running a scam, do not invest any money with them, as soon as you try communicating with them or have a complaint they disappear. They are only helpful and communicative when they want you to deposit large sums of money after your minimum $250 deposit. Do not invest with them, you will loose all your money in weeks and get a notification that your funds are low and need to add more money to your account to keep it active.

Do not invest with them.

Stacey-Ann 01/09/2018
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