Trade 12 overview 2021
Trade12 is an unregulated forex broker offering multi-asset trading on the MT4 platform
Trade12, founded in 2008, is an unlicensed broker headquartered in the Marshall Islands. The company operates internationally from Ukraine to Israel. Its range of currencies, commodities and futures are traded daily around the world.
However, the broker’s reputation is questionable. Many online reviews mention withdrawal issues.
Trading platform
Trade12 offers the widely used MT4 trading platform. MT4 platform, available for desktop, mobile and tablet, offers a user-friendly interface, multilingual support and one-click trading. This easy-to-use platform is suitable for both beginners and experienced traders and offers a range of customizable features, including:
- Built-in and customizable technical indicators
- Automated Trading (EA)
- Risk management tools
- Real-time price monitoring
- MetaTrader Market
- Extended charts
- 9 timeframes
Trade12 also offers the MetaTrader WebTrader platform. The online solution allows users to make deals instantly without the need for downloading. The browser-based terminal offers many of the same features as the downloadable platform, including one-click order execution, social trading, and real-time charting and charting tools.
WebTrader is compatible with most major internet browsers.
Trade 12 offers three main asset classes:
- Forex – Trade over 50 currency pairs including major, minor and exotic such as EUR / USD, EUR / GBP and USD / CHF.
- CFDs – Trade futures on commodities, stocks and indexes including Dow Jones and Microsoft.
- Commodities – trade in hard and soft commodities such as oil and precious metals.
Spreads and commissions
Spreads for major and minor currency pairs such as EUR / USD start at 1.2 points, and for EUR / GBP they start at 1.5 points. For commodities, spreads start at 4.5 points for gold and 4 points for silver. Premium account holders benefit from more competitive fixed spreads, while floating spreads are available for beginner account holders and traders. Premium account holders also receive lower transaction fees.
Please note that clients should be wary of hidden fees such as swaps on overnight positions. We recommend that you check with Customer Service for additional fees when you open an account.
Leverage
Leverage up to 1: 400 is available at Trade12. The leverage is fixed for all account types. To change the leverage level, customers must contact support. Leverage should only be used if you have sufficient experience in this regard, as margin trading carries an increased risk.
Mobile applications
Trade12 offers clients the ability to trade anytime, anywhere through the mobile MT4 platform. The app is available for use on Android and iOS devices and is available as a free download. The app synchronises with the trader’s desktop platform to make trading easier. Features include:
- Social trading
- Interactive charts
- Account management tools
- High speed of order execution
- Market prices for live broadcasts
Payment methods
Trade12 allows clients to make deposits, withdraw funds and make payments in several ways:
- Bank transfer
- Credit / Debit Card – Visa and Mastercard
- Electronic wallets – Skrill, Moneybookers, Ali Pay and CashU
The minimum deposit is $ 250. Trade12 does not charge additional transaction fees. However, while deposits can be easily made, traders have reported problems when trying to withdraw funds from a broker. This is a serious cause for concern and one of the reasons why we do not recommend registering for a Trade12 account.
Demo account
Trade12 does not offer a demo account.
Trade 12 Bonuses
At the time of writing, Trade12 does not offer any bonuses or promotional codes. The broker does not match the typical promotions and offers offered by its competitors.
Additional features
Several additional resources can be found at Trade12.com. The functions are basic and many of them are not available until you open a live account:
- Economic calendar
- Education Centre
- Market news
Accounting records
Trade12 offers four types of accounts; Beginner, Trader, Expert and VIP. All accounts offer daily analysis, 24/7 customer support and mobile trading. Benefits as you move towards premium accounts include free VPS hosting, free bank transfers, and tighter fixed spreads.
To log into your Trade12 account, go to the broker homepage and select the client portal located in the upper right corner.
Support
Traders can contact support 24/5 through:
- Email – support@trader12.com
- Phone – +18886834913
- Live chat – located in the lower right corner of the site.
Safety
The broker states that it uses SSL bit technology, risk management tools and secure withdrawal payment options, however it provides minimal security information. In addition, as an unregulated broker, the safety of client funds cannot be guaranteed.
Outcomes
Trade12 provides a very standard offering in terms of account types, rates, assets and terms of trade. It offers the popular MT4 platform, but its additional resources are few and the unlicensed status should be a warning.
Reviews for another brokers: