Trade12 DetailsMT4 Trading PlatformTrade12 ProductsSpreads & FeesLeverageMobile AppsPayment MethodsDemo AccountTrade12 BonusesRegulationAdditional FeaturesAccountsBenefitsDrawbacksTrading HoursCustomer SupportSecurityTrade12 VerdictAccepted CountriesAlternatives to Trade12FAQ
Trade12 is an unregulated forex broker offering multi-asset trading on the MT4 platform. This review explores the company’s services, including leverage, fees, trading conditions and security. Find out whether Trade12 is a trustworthy broker.
Trade12 Details
Established in 2008, Trade12 is an unlicensed broker headquartered in the Marshall Islands. The company operates internationally, from Ukraine to Israel. Its range of forex, commodities and futures are traded daily, across the globe.
The broker’s reputation, however, does raise trust concerns. Many online reviews cite withdrawal issues and security concerns.
MT4 Trading Platform
Trade12 offers the widely used MetaTrader 4 trading platform. Available on desktop, mobile and tablet devices, the MT4 platform offers a user-friendly interface, multi-lingual support and one-click trading. The easy-to-use platform caters to both novice and experienced traders and offers a range of customisable features, including:
Built-in & customisable technical indicators
Automated trading (EAs)
Risk management tools
Live price monitoring
MetaTrader Market
Advanced charting
9 timeframes
MT4 platform
Trade12 also offers the MetaTrader WebTrader platform. The online solution enables users to execute trades instantly with no download required. The browser-based terminal offers many of the same features as the downloadable platform, including one-click order execution, social trading, plus live graphing and charting tools.
WebTrader is compatible with most major internet browsers.
Trade12 Products
Trade12 offers three primary asset classes:
Forex – trade over 50 currency pairs including majors, minors and exotics, such as EUR/USD, EUR/GBP and USD/CHF
CFDs – trade futures on commodities, shares and indices, including the Dow Jones and Microsoft
Commodities – trade hard and soft commodities such as oil and precious metals
Whilst the broker offers a reasonable list of products, a greater breadth and depth of assets can be found at other providers.
Spreads & Fees
Spreads on major and minor currency pairs such as EUR/USD begin at 1.2 pips and for EUR/GBP, start at 1.5 pips. For commodities, spreads begin at 4.5 pips for gold and 4 pips for silver. Premium account holders benefit from more competitive, fixed spreads whilst floating spreads are available for Beginner and Trader account holders. Premium account holders also enjoy lower transactional fees.
Note, clients should be wary of hidden fees such as swap charges on overnight positions. We would recommend checking for any additional fees with the customer support team when you open an account.
Leverage
Leverage up to 1:400 is available with Trade12. Leverage is fixed across all account types. To change leverage levels, clients should contact the support team. Leverage should be used only with the experience to do so securely, as margin trading carries increased risk.
Mobile Apps
Trade12 offers clients the ability to trade anytime, anywhere via the MT4 mobile platform. The app is available for use on Android and iOS devices and is free to download. The app is synced with a trader’s desktop platform to facilitate seamless trading. Features include:
Social trading
Interactive charts
Account management tools
High-speed order execution
Live streaming market prices
MT4 mobile app
Payment Methods
Trade12 permits clients to make deposits, withdrawals and payments via multiple options:
Bank wire transfer
Credit/debit card – Visa & Mastercard
E-wallets – Skrill, Moneybookers, Ali Pay and CashU
The minimum deposit is $250. Trade12 does not charge additional transaction fees. However, whilst deposits can be made easily, traders have reported issues when attempting to withdraw funds from the broker. This is a serious cause for concern and one of the reasons we wouldn’t recommend registering for a Trade12 account.
Demo Account
Trade12 does not offer a demo account. This is a real shame as having an opportunity to test a broker’s services prior to investing funds is something that many potential clients look for.
Trade12 Bonuses
At the time of writing, Trade12 does not offer any bonuses or promotional codes. The broker falls short of the typical promos and offers provided by its competitors.
Regulation
Trade12 is an unregulated broker. Its operations are not supervised by a regulatory body and therefore any capital invested may be at risk. Trade12.com also offers no insight into the legal standards it adheres to which does raise trust and safety concerns. As a result, we’d recommend using an alternative provider.
Additional Features
A handful of additional resources can be found at Trade12.com. The features are basic and many are not accessible until you have opened a live account:
Economic calendar
Education centre
Market news
Accounts
Trade12 offers four account types; Beginner, Trader, Expert and VIP. All accounts offer daily analysis, 24-hour customer support and mobile trading. The benefits as you progress towards the premium accounts include free VPS hosting, free bank transfers and tighter, fixed spreads. Deposits start from $250.
To login into your Trade12 account, head to the broker’s homepage and select the client portal located in the top right-hand corner.
Benefits
Benefits of trading with Trade12 include:
Multiple account levels
Education centre
MT4 platform
Social trading
Mobile app
Drawbacks
Downsides of opening a Trade12 account include:
Unregulated
No demo account
US clients not accepted
Cryptocurrency trading unavailable
Trading Hours
Forex trading is accessible 24 hours a day from 5:00 pm ET Sunday to 5:00 pm ET Friday. For more information, head to the ‘Market Trading Hours’ tab on the broker’s website or contact the customer support team.
Customer Support
Traders can speak to customer support 24/5 via:
Email – support@trader12.com
Phone – +18886834913
Live chat – located in the bottom right-hand corner of the website
Trade12’s registered office is in the Marshall Islands.
Security
The broker states that it uses SSL bit technology, risk management tools and secure withdrawal payment options, however, minimal detail regarding security measures is provided. Also, as an unregulated broker, the safety of client funds cannot be guaranteed. Numerous reports online have raised scam concerns, and we too are worried about the legitimacy of operations.
Trade12 Verdict
Trade12 provides a very standard offering in regards to account types, rates, assets and trading conditions. It does offer the popular MT4 platform, but its additional resources are scarce and the unlicensed status should be a warning. We would advise traders to open an account with a more trustworthy broker.
Accepted Countries
Trade12 accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Trade12 from United States, France, Belgium, Afghanistan, Botswana, Cote D’Ivoire, Cuba, Cyprus, Gambia, Egypt, Ghana, Guinea-Bissau, Guinea, Iraq, Iran, Kyrgyzstan, Lesotho, Liberia, Libya, Niger, Korea, Senegal, Sierra Leone, Somalia, Tajikistan, Togo, Turkmenistan, Colombia, Uzbekistan, Yemen, Zimbabwe.
Alternatives to Trade12
If you are looking for alternatives to Trade12 we have compiled a list of the top 5 brokers that are similar to Trade12 below. This list of brokers like Trade12 is in order of similarity and only includes companies that accept traders from your location.
IronFX – IronFX offers online trading in forex, stocks, futures and commodities
TP Global FX – TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips. With a focus on innovation and transparency, they are a growing brand.
BlackBull Markets – BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Infinox – Infinox is a UK-based broker offering MT4 trading with tight spreads.
Swissquote – Swissquote is an FCA-regulated FX & CFD broker offering 160+ trading products.
FAQ
Is Trade12 safe to use?
We would advise caution when dealing with this broker. The company has been identified as fraudulent and many clients have reported issues.
Is Trade12 regulated?
No – Trade12 is unregulated. Opening an account with Trade 12 carries a significant risk to the security of funds.
Is trading with Trade12 easy?
For the most part, yes. The Trade12 website and MT4 platform are easy to navigate and users can open an account in just three steps. However, traders have cited issues with withdrawing funds.
Is Trade12 a legal entity?
Trade12 is a legal entity but it is not regulated and there are multiple complaints online from customers.
What is the minimum deposit at Trade12?
$250 is required to open a Beginner account. $10,000 is required to open the Trader account and $50,000 is needed to open the Expert account. The VIP account has no fixed minimum deposit and can be negotiated with the customer support team.