Trade12

Definition of Online Brokers

An online broker is a go between the buyer and seller of a stock or any investment asset. Online brokers offer this service in exchange for a fee, commission, or both. Before technology arrived to facilitate such trades online, traders and buyers had to make such trades physically through brokers and exchanges. Such exchanges have now moved to online transactions through online brokers. Read on to learn more about the Trade12 platform, an online broker we are reviewing today.

Benefits of Investing Through Online Brokers

Most veteran traders use online brokers to let their members make unbiased and independent decisions. Traditionally, brokers and agents who work for them promote investment products that will yield the best commissions for them. This makes online trading more practical as traders can book their trades without bias, track their investments, and execute transactions from anywhere in the world.
Online trading is also easier for managing portfolios in volatile markets and price changes. This is due to the quicker response possible through online trading. It is also cheaper as most online platforms charge lower fees compared to conventional brokerages.

Trade 12 Highlights

Trading platform 

Trade 12 is a straightforward platform for multiple types of traders to use. The platform has several membership options for trading. 

Fees & commission 

Fees on main currency sets like EUR/USD start at 1.2 pips, while it is 4 pips for silver and 4.5 for gold. Premium account holders earn more as they get competitive, fixed spreads and lower transaction charges. 

Leverage 

The leverage options on Trade12 are set at 1:400. This is the same for all account types and asset classes. 

Platforms & tools 

Trade12 offers trading in three primary asset groups. These are Forex, CFDs, and commodities. 

Account opening & deposit/withdrawal experience 

Trade12 allows its clients to open accounts and place their deposits, withdraw funds and make payments through standard options like Bank wire transfers, credit and debit cards, and e-wallets like Skrill, CashU, Ali Pay, and Moneybookers. 

Customer service & support 

The customer support seems somewhat adequate as traders can get in touch with customer support 24/5 through different avenues. There is an email address and telephone number given. There is also live chat support available on the website. 

Education & learning resources 

There are inadequate educational resources available at Trade12.com. These educational options are limited, and most are not reachable unless users have a trading account on the website. 

Research & analysis 

The Trade12 platform does not offer users a demo account. This is a real drawback, as demo accounts are a standard offering in forex trading to let users get the chance to assess their skills and the platform before they invest funds. 

Regulatory compliance & security 

There is no information about the company’s team or operations, and no controlling agency holds it accountable.  All we know is that it is based in the Marshall Islands. 

Mobile trading 

Trade12 does have a mobile trading option that allows its members to trade through the MT4 mobile interface. This app is offered for both Android and iOS devices for free downloads. 

Overview of the Trade12 platform

Fees and Commission 

Fees on main currency sets like EUR/USD start at 1.2 pips, while it is 1.5 pips for EUR/GBP. Spreads in commodities begin at 4 pips for silver and 4.5 for gold. Premium account holders gain more as they get competitive, fixed spreads and lower transaction charges. Beginner and trader accounts are charged on a floating spread. 

Range of Investment Opportunities

The trading options on Trade 12 are common to most financial markets, and users can select from currency pairs, forex trading, soft commodities, and stocks. This gives users a lot of room for diversification and growing their profits. 

All instruments have specified charges, which vary according to the account type, with lower accounts getting lower leverages and more expensive accounts getting greater leverages. 

Overall Ratings

There is some detail about the company, but no regulations or controlling body is mentioned. This means that investing money through this platform will be risky as there is no recourse to any controlling body.  

In-Depth Review of Trade12

Trading Platform 

Trade12 is a straightforward platform for multiple levels of traders to use. The platform has basic and advanced (paid) options for trading. Trade12 offers trading in three primary asset groups: Forex, CFDs, and commodities. In forex, users can trade in more than 50 currency pairs covering the major, minor and exotic currencies. In CFDs, users can trade in futures of commodities, stocks, and stock indices. 

Commodity traders can pick both hard and soft commodities like oil or gold. 

Platforms and Tools 

One of the significant features of the Trade12 platform is its MetaTrader 4 platform. This platform is available in desktop, mobile, and tablet versions. This user-friendly trading system offers support in multiple languages and single-click trading. The easy-to-use interface allows both new and practiced traders to trade efficiently. The MetaTrader 4 platform has a range of customizable features, like in-built and customizable technical indicators, risk management tools, automated trading, live price monitors, MT4 market, charting tools, and multiple charting timeframes

Trade12 also has MetaTrader’s WebTrader platform, which allows users to trade directly from the browser of their choice, with no downloads required. This is an excellent feature for instant trades and has all the features of the downloadable version. 

Account opening & deposit/withdrawal experience 

Trade12 allows its clients to open accounts and place their deposits, withdraw funds and make payments through standard options like Bank wire transfers, credit and debit cards, and e-wallets like Skrill, CashU, Ali Pay, and Moneybookers. 

The smallest acceptable deposit is $250 and is not charged any additional transaction fees. While making deposits is straightforward, traders report issues withdrawing funds from the platform. This is a serious red flag and why it isn’t recommended to register for a Trade12 account. Poor reviews about repayment on feedback sites reinforce this.  Selecting another platform with better customer reviews about its withdrawal support is better. 

Customer service & support 

The customer support seems somewhat adequate as traders can get in touch with customer support 24/5 through different avenues. There is an email address and telephone number given. There is also live chat support available on the website. 

Education & learning resources

There are inadequate educational resources available at Trade12.com. These educational options are limited, and most are not reachable unless users have a trading account on the website. These resources include an economic calendar, which lists major economic events that affect trading prices and decisions, an education center, and a ticker for market news. 

Research & Analysis 

The Trade12 platform does not offer users a demo account. This is a real drawback, as demo accounts are a standard offering in forex trading to let users get the chance to assess their skills and the platform before they invest funds. Demo accounts allow users to try their trading strategies and examine their investment potential before staking their funds. The platform does claim to offer educational tools for its registered users.

Regulatory Compliance & Security 

There is no information about the company’s team or operations, and no controlling agency holds it accountable.  All we know is that it is based in the Marshall Islands. Trade12 is an unregulated platform, and this means that any funds placed or invested through it are unsecured and at risk. There are no insights about its legal liabilities and legal accountability. 

The platform does mention that it uses SSL technology and unspecified risk management tools for safe withdrawal. There is almost no detail about these security measures apart from these mentions.  As an unregulated platform, the safety of invested funds is not assured. 

Mobile trading 

Trade12 does have a mobile trading option that allows its members to trade through the MT4 mobile interface. This app is offered for both Android and iOS devices for free downloads. 

The app is linked with a trading desktop platform to enable smooth trading. Features available are trading, charts, and account management options. These include high-speed order placement and real-time market rates

Wrap-up

Summary of Key Features

The Trade12 website does not show in any way that it is a legally registered and regulated investment platform or broker. All registered brokers that fall under regulatory bodies must display their registration and compliance with regulatory agencies. This is done through the display of regulatory badges and certificates of compliance on their websites.

In the case of Trade12, there is no information about the regulations under which the company is registered. All we know is that it is located in the Marshall Islands. There is no mention of the team managing it or who is legally bound to regulate it based on geographical location. 

All these are major red flags that indicate that Trade12 is not a legitimate company. This means that members will find that their funds are not secured with this platform, and they should be cautious of financial dealings through this website.

The risk of trading through such shady platforms is high risk involved. No legal control or liability exists on anyone if the company decides to end its operations and vanish without a trace. It isn’t much you can do to recover your invested funds.

The platform mentions some safety tools inbuilt into the platform to keep users’ funds safe from third-party attacks on the forum. These safety tools include Secure Socket Layer (SSL) technology that helps to keep users’ data protected from malicious attacks. The use of this technology is fantastic, but it seems that users need to be kept safe from the company, which cannot be depended on to handle its member’s money honestly 

Pros & Cons – Trade12

Membership to the Trade12 platform requires some deposits, while beginner traders have no assistance. There are no demo accounts to help people get used to the Trade12 user interface, which makes the platform appear shadier.

The Trade12 platform claims to have the necessary security measures in place and seems to have focused on investors’ security. However, the lack of information about the platform and the team behind it is a huge red flag. The lack of regulatory and compliance certifications also warns against investing in the platform. 

Final Considerations

The absence of legal and background details and abysmal customer reviews on feedback forums are clear indicators for intelligent investors. Investors must keep clear of this shady and unverified platform to secure their capital from fraud. 

Conclusion

Trade12 is an offshore brokerage agency incorporated in the Marshall Islands. The company offers services from Israel to Ukraine and provides an array of options like forex, commodities, and futures trading.  It is running these operations with no transparency or security. The company does not share any information about its team, location, or background. It just lists a phone number and email address for users to use in case they need customer support.

The platform’s reputation raises reliability concerns, and multiple online reviews complain about fund withdrawal and security concerns. Such complaints are a certified red flag. There is little to show that the Trade12 platform can be a legitimate broker. Users should avoid this platform at all costs. The broker does not seem to be listed with any regulatory body and, therefore, cannot be trusted with your hard-earned money.

There is no need to use such shady brokerage platforms, especially since there are many other genuine and viable options for those looking to start online trading.