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12Trader Review and Tutorial 2021

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Facts & Figures

12Trader is a regulated online broker offering trading in forex & CFDs.

 

Awards

N/A

 

Bonus None
Instruments Forex, CFDs, indices, stocks, commodities, cryptocurrency
Demo Account Yes
Min. Deposit $500
Pay Methods Neteller, PayPal, Skrill
Min. Trade 0.01 lots
Regulated By CySEC, VFSC
MetaTrader 4 No
MetaTrader 5 No
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading No
Social Trading Yes
Copy Trading No
Trade Signals Yes
Islamic Account Yes
CFD
FTSE Spread 1
GBPUSD Spread 0.6
Oil Spread 0.05
Stocks Spread Variable
Leverage 1:400
Forex

Forex trading on dozens of majors, minors and exotics

 

GBPUSD Spread 0.5
EURUSD Spread 0.6
EURGBP Spread 0.5
Assets 41
Cryptocurrency

Trade cryptocurrency CFDs

 

Spread variable
Coins BTC, XRP, LTC
Risk Warning – Your capital is at risk

12Trader offers forex, CFDs, stocks, and cryptographic forms of money through a web stage and portable application. This audit investigates the advantages and disadvantages of 12Trader, including their demo account, free day-by-day signals, and social exchanging. Likewise, we will unload the store and withdrawal alternatives to give merchants the data needed to make a protected, educated decision.

12Trader Details

12Trader was established in 2013 and set up in the United Kingdom, where its worldwide workplaces are based. Made by a gathering of monetary specialists, 12Trader offers to exchange an enormous scope of stocks, items, lists, and cryptographic forms of money with individual guides and unregulated economy examination.

SIRIX Trading Platform

12Trader utilizes the online social exchanging stage – SIRIX. Without expecting to download any product, merchants can use SIRIX to execute exchanges from any PC rapidly. SIRIX accompanies a high-level diagramming bundle and numerous markers. The implicit social exchanging stream allows you to gain from and duplicate different brokers.

Assets & Markets

12Trader offers a scope of business sectors and tradeable monetary instruments. Not exclusively would you exchange with 41 forex sets, yet there are additionally CFDs and digital forms of money like Bitcoin, Ripple, and Litecoin, alongside files, wares, metals, and stocks.

Spreads & Commissions

12Trader brings in its cash through space. The most petite distances with the Gold record are by different representatives, for instance, 0.6 pips on the EUR/USD pair. In any case, spreads are less severe for Silver and Micro record holders. The absence of commission on any exchanges places 12Trader in a solid situation from an exchanging charge.

Leverage

12Trader offers influence at a base pace of 1:200 for all record types. This can go up to 1:300 and 1:400 for Silver and Gold record individuals – higher than numerous specialists. Although influence can be utilized to expand expected benefits, the danger of misfortunes is also more significant, so it ought to be used 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 ongoing outlines, admittance to exchanging history, and moment executions on an efficient stage. This implies brokers can open and close positions, deal with their portfolio, and access live rates with only a telephone or tablet and the web.

Payment Methods

Stores and withdrawals are both secure and straightforward with 12Trader. Their records can be supported utilizing a broad scope of charges and Visas, including Visa and Mastercard, just as PayPal, Skrill, and wire moves. The enormous content of installment alternatives is a decent sign for a dealer’s cash security and well-being. For every technique to be added, 12Trader should fulfill a few security principles endorsed by the installment organization. 

The base store shifts between accounts yet begin from $500. There are no installment charges.

Demo Account

12Trader offers a free demo account that is an incredible instrument to facilitate and investigate day exchanging. Run-on a similar stage and follow the equivalent login page, yet utilizing reenacted cash and markets, the demo account implies you can grasp the location and exchange systems before opening a live record.

Deals & Promotions

There are no unique arrangements or advancements offered at the hour of composing. Be that as it may, clients are offered an instructive focus with online courses and forex preparing recordings for experienced and unpracticed dealers the same. 12Trader additionally gives free signals, day by day and week by week market investigation, a digital book, and a charge card for Silver and Gold record holders.

Regulation

As day exchanging puts your capital in danger, wellbeing and security are essential while thinking about a dealer. Even though settled in London, 12Trader is managed by the Vanuatu Financial Services Commission (VFSC) and Cyprus Securities and Exchange Commission (CySEC). Notwithstanding this, there have been some adverse client surveys, so we suggest an alert when opening another record.

Additional Features

There are a few extra highlights offered by 12Trader to make exchanging and examination more straightforward. An instruction program is intended to help more current merchants gain proficiency with the nuts and bolts of forex and CFD exchanging. The course is an extraordinary method to comprehend exchanging wording, dangers, and venture methodologies more readily. For experienced dealers, there is a program specifying progressed techniques and market investigation. 12Trader additionally gives a monetary schedule.

12Trader Account Types

12Trader offers three genuine cash account alternatives: 

  1. Micro – The most fundamental record type, intended for easy availability into forex and CFD exchanging for new and unpracticed merchants, with a base store of $500. 
  2. Silver– Aimed at more experienced brokers, offering a Visa, admittance to the whole training place, more instruments, and the portable stage for a base store of $10,000. 
  3. Gold– For a base store of $25,000, Gold records accompany extra client assistance, counsel alternatives, and more aggressive spreads. 

The above alternatives can be opened as Islamic records that follow the standard of without interest exchanging.

Benefits

Solid purposes behind picking 12Trader include: 

  • Social trading– The social exchanging abilities of the SIRIX stage are broadly viewed as simple to utilize and successful, permitting both duplicates exchanging and social communication between merchants. 
  • Customer service– There is an emphasis on client assistance, furnishing live visits with an individual record director at all record levels close by email, telephone, web-based media and post. 
  • Leverage – Generous influence rates can see clients exchange with up to 1:400.

Drawbacks

Tragically, 12Trader misses the mark in a couple of regions: 

  • Automated trading – Many experienced merchants utilize robotized exchanging, the absence of which at 12Trader is a disgrace. 
  • Reviews – There have been a couple of negative client surveys regarding issues when pulling out benefits. 
  • Minimum deposit – The $500 least is very high, making it less open for unpracticed brokers.

Trading Hours

The bespoke exchanging stage is open and useable all day, every day, nonetheless various business sectors will open and close on multiple occasions, so there can, in some cases, be a thump on impact when exchanging specific instruments throughout the end of the week, for instance.

Customer Support

Client assistance is a vigorously underscored part of 12Trader, furnishing each record with an individual record supervisor that can address questions, give direction, and assist with clarifying the administration of the immediate sign advertised. 

12Trader can be handily reached in a few unique manners, with groups accessible 24/6: 

  • Phone – + 44 20 39361313 
  • Email – Support@12trader.com 
  • Live visit – accessible through the site 

Follow their most recent stage and limited-time news on Facebook and Twitter.

User Security

All classified data is scrambled utilizing a 128-digit Secure Sockets Layer (SSL) convention. The stage and site are ensured with electronic firewalls and disengaged workers.

12Trader Verdict

12Trader gives viable, serious assistance for brokers of all experience levels, offering solid client care and influence rates. The scope of tradeable resource types and sans commission exchanging make it an extraordinary representative to investigate and preliminary, which should be possible with their free demo account. Nonetheless, it ought to be noticed that the presence of negative surveys may deflect some forthcoming clients. In that capacity, we suggest thinking about different specialists first.

Accepted 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. 

Dealers can not utilize 12Trader from United States, Syria, Korea.

Alternatives to 12Trader

If you are searching for options in contrast to 12Trader, we have gathered a rundown of the leading 5 dealers that are like 12Trader beneath. This rundown of intermediaries like 12Trader is arranged by similitude and incorporates organizations that acknowledge brokers from your area. 

  • EagleFX– EagleFX is a mainstream exchanging specialist offering forex, stocks, cryptos and items. 
  • ThinkMarkets  – ThinkMarkets is a multi-managed forex and CFD dealer 
  • FP Markets – FP Markets is a multi-resource dealer offering a decision of exchanging stages. 
  • OctaFX – OctaFX offers multi-resource exchanging on a scope of stages and versatile arrangements. 
  • Fortrade – Fortrade is a multi-resource representative contributing a primary live record with cutting-edge instruments.

FAQ

Is 12Trader Regulated?

Indeed, both the Vanuatu Financial Services Commission and the Cyprus Securities and Exchange Commission control 12Trader.

Is 12Trader a trustworthy broker?

12Trader is genuine forex and CFD merchant directed by two different commissions, has a wide assortment of installment strategies and undeniable degrees of network safety; these are fine finishes paperwork for a dependable and safe intermediary. In any case, as exchanging puts your capital in danger, you ought to consistently practice alert.

Does 12Trader offer negative balance protection?

Indeed, negative equilibrium assurance is accessible, which prevents your record from going under nothing, regardless of whether the market drops out of nowhere.

Is there a 12Trader demo account?

12Trader offers a demo account with a great deal of usefulness, permitting you to figure out the stage and attempt various methodologies.

Does 12Trader offer copy trading?

Indeed – social exchanging at 12Trader permits you to follow and duplicate the exchanges that high-positioning dealers make handily. There are likewise approaches to convey and collaborate with different brokers, like remarks, likes and connections.

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