12Trader Data & Facts
12Trader Review: 12Trader is a controlled online representative contribution trading forex and CFDs.
- Instruments: Forex, CFDs, indices, stocks, commodities, cryptocurrency
- Demo Account: Yes
- Minimum Deposit: $500
- Pay Methods: Neteller, PayPal, Skrill
- Minimum Trade: 0.01 lots
- Regulated By: CySEC, VFSC
- MT4 Integration: No
- MT5 Integration: No
- Mobile Apps: Yes
- Auto Trading: No
- Social Trading: Yes
- Copy Trading: No
- Trade Signals: Yes – daily
- Islamic Account: Yes
CFD
CFDs are available on indices, stocks, FX, commodities, and crypto pairs.
- FTSE Spread: 1
- GBPUSD Spread: 0.6
- Oil Spread: 0.05
- Stocks Spread: Variable
- Leverage: 1:400
Forex
Forex exchanging on many majors, minors, and exotics.
- GBPUSD Spread: 0.5
- EURUSD Spread: 0.6
- EURGBP Spread: 0.5
- Assets: 41
Cryptocurrency
Trade cryptocurrencyCFDs:
- Spread: Variable
- Coins: BTC, XRP, LTC
12Trader Fundamentals
12Trader is an online broker that offers Forex, CFDs, Stocks, and Cryptocurrencies through a web stage and a mobile application. This scrutiny investigates the advantages and disadvantages of 12Trader, including their demo account, free day-by-day signals, and social trading. We will likewise blow the gaff on the deposit and withdrawal choices to give dealers the data needed to make a prudent, educated decision.
Resources and Markets
12Trader offers a scope of markets and tradeable monetary instruments. Not only would you be able to exchange with 41 forex sets, however, but there are also likewise CFDs and digital forms of money, for example, Bitcoin, Ripple, and Litecoin, alongside indices, commodities, metals, and stocks.
SIRIX Trading Platform
12Trader utilizes the electronic social exchanging platform – SIRIX. Without expecting to download any product, merchants can utilize SIRIX to execute exchanges from any PC rapidly. SIRIX accompanies a high-level charting package and different indicators. The built-in social trading stream allows you to gain from and duplicate different brokers.
Demo Account
12Trader proposes a free demo account that is an incredible apparatus to expedite and investigate day exchanging. Run-on a similar stage and following the equivalent login page, yet utilizing reenacted cash and markets, the demo account implies you can will grasps with the stage and exchanging procedures before opening a live record.
12Trader Features
12Trader was established in 2013 and set up in the United Kingdom, where its global workplaces are based. Made by a specialist monetary gathering, 12Trader offers to exchange a huge scope of stocks, products, records, and cryptographic forms of money with personal consultants and free market analysis.
Leverage & Benefits
12Trader offers influence at a base pace of 1:200 for all record types, which can lead up to 1:300 & 1:400 for Silver & Gold record individuals – higher than numerous agents. Even though influence can be utilized to build likely benefits, the danger of misfortunes is likewise a lot higher, so it ought to be utilized with alert.
Mobile App
On the off chance that you are a Silver or Gold record holder, you can download the 12Trader application to exchange in a hurry. Accessible on Android (APK) and Apple (iOS) gadgets, the portable application offers constant diagrams, admittance to exchanging history, and moment executions on a complete sound stage. This implies dealers can open and close positions, deal with their portfolio, and access live rates with only a telephone or tablet and the web.
Spreads and Commissions
12Trader brings in its cash through the spread. The least spreads with the Gold record are in accordance with different dealers, for instance, 0.6 pips on the EUR/USD pair. In any case, spreads are less serious for Silver and Micro record holders. All things considered, the absence of commission on any exchanges places 12Trader in a solid situation from a trading charge point of view.
Installment Methods
Deposits and withdrawals are both simple and secure with 12Trader. Their records can be supported utilizing a wide scope of charge and Visas, including Visa and Mastercard, just as PayPal, Skrill, and wire transfer. The huge scope of installment alternatives is a decent sign for the security and wellbeing of a broker’s cash on the grounds that, for every technique to be added, 12Trader should fulfill a few security guidelines recommended by the installment organization.
The base store shifts between accounts; however, it begins from $500. There are no installment expenses.
Arrangements and Promotions
There are no exceptional arrangements or advancements offered at the hour of composing. Notwithstanding, clients are offered an instructive focus with online classes, in addition to forex preparing recordings for experienced and unpracticed dealers the same. 12Trader likewise gives free signals, every day and week after week market investigation, a digital book, and a charge card for Silver and Gold record holders.
Guidelines
As day exchanging puts your capital in danger, wellbeing and security are of indispensable significance while thinking about a dealer. Despite the fact that it settled in London, 12Trader is directed by the VFSC (Vanuatu Financial Services Commission) &CySEC (Cyprus Securities and Exchange Commission). Regardless of this, there have been some negative client audits, so we suggest alert when opening another record.
Extra Features
There are a few extra highlights offered by 12Trader to make exchanging and investigation simpler. There is a training program intended to help more up to date brokers become familiar with the nuts and bolts of forex and CFD exchanging. The course is an extraordinary method to more readily comprehend exchanging phrasing, dangers, and speculation methodologies. For experienced brokers, there is a program enumerating progressed systems and market examination. 12Trader additionally gives a monetary schedule.
12Trader Account Types
12Trader offers three genuine cash account alternatives:
- Miniature – An essential record type, intended for simple openness into forex and CFD exchanging for new and unpracticed dealers, with a base store of $500.
- Silver – Aimed at more experienced dealers, offering a Mastercard, admittance to the full instruction community, more devices, and the portable stage for a base store of $10,000.
- Gold – For a base store of $25,000, Gold records accompany extra client care, guidance alternatives, and more serious spreads.
The entirety of the above alternatives can be opened as Islamic records that are in accordance with the standard of sans interest exchanging.
Pros
- Solid purposes behind picking 12Trader include: Social exchanging – The social exchanging abilities of the SIRIX stage are generally viewed as simple to utilize and powerful, permitting both duplicate exchanging and social collaboration between merchants.
- Client support – There is attention on client support, giving live visits to an individual record administrator at all record levels close by email, telephone, online media, and post.
- Leverage – Generous influence rates can see clients exchange with up to 1:400
Cons
- Tragically, 12Trader misses the mark in a couple of zones: Robotized exchanging – Many experienced brokers utilize computerized exchanging, the absence of which at 12Trader is a disgrace.
- Audits – There have been a couple of negative client surveys in regards to issues when pulling out benefits.
- Least Store – The $500 least is very high, making it less open for unpracticed merchants.
Exchanging Hours
The bespoke exchanging stage is open and useable all day, every day, anyway various business sectors will open and close on various occasions, so there can now and then be a thump on impact when exchanging certain instruments over the course of the end of the week, for instance.
Client Service
Client support is an intensely accentuated part of 12Trader, giving each record an individual record chief that can respond to questions, give direction, and help clarify the administration of the immediate sign advertised.
12Trader can be effectively reached in a few distinct manners, with groups accessible 24/6:
- Phone – + 44 20 39361313
- Email – support@12trader.com
- Live talk – accessible through the site
- Follow their most recent stage and limited time news on Facebook and Twitter.
Client Security
All secret data is scrambled utilizing a 128-bit Secure Sockets Layer (SSL) convention. The stage and site are ensured with electronic firewalls and detached workers.
12Trader Verdict
12Trader gives viable, serious help for brokers of all experience levels, offering solid client service and influence rates. The scope of tradeable resource types and sans commission exchanging make it an extraordinary dealer to investigate and preliminary, which should be possible with their free demo account. Notwithstanding, it ought to be noticed that the presence of negative surveys may deflect some forthcoming clients. Thusly, we suggest thinking about different dealers first.
Acknowledged Countries
12Trader acknowledges dealers from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most different nations.
Brokers can not utilize 12Trader from United States, Syria, Korea.
FAQs
- Is 12Trader Regulated?
Indeed, both the Vanuatu Financial Services Commission, as well as the Cyprus Securities and Exchange Commission, manage 12Trader.
- Is 12Trader a Dependable Broker?
12Trader is legit; licit forex and CFD broker managed by two distinct commissions have a wide assortment of payment methods and significant levels of network protection; these are all signs of an acceptable, reliable and safe dealer. In any case, as exchanging puts your capital in danger, you ought to be consistently alert.
- Does 12Trader Offer Negative Equilibrium Security?
Truly, negative equilibrium security is accessible, which prevents your record from going under zero, regardless of whether the market drops out of nowhere.
- Is There a 12Trader Demo Account?
12Trader offers a demo account with a ton of usefulness, permitting you to figure out the platform and attempt various methodologies.
Truly – social trading at 12Trader permits you to effortlessly follow and duplicate the exchanges that highly positioned brokers make. There are likewise approaches to convey and interface with different dealers, for example, remarks, likes, and connections.