12Trader Review: Online Forex Broker
12Trader Review: Online Forex Broker - 12Trader is an online broker that offers Forex, CFDs, stocks and cryptocurrencies through a web platform and mobile app. This review explores the advantages and disadvantages of 12Trader, including demo accounts, free daily signals, and social trading. We'll also go into depth on deposit and withdrawal options to provide traders with the information they need to make safe and informed decisions.
12 Trader Trading Information
12Trader was founded in 2013 and is registered in the UK, where its international office is located. Created by a group of financial experts, 12Trader offers trading in a variety of stocks, commodities, indices and cryptocurrencies with personal advisors and free market analysis.
SIRIX trading platform
12Trader uses a web-based social trading platform - SIRIX. Without the need to download any software, a trader can use SIRIX to quickly execute trades from any computer. Sirix comes with an advanced charting package and many indicators. Built-in social trading streams allow you to learn and copy other people's trades.
12 trading platforms
Assets and Markets
12Trader offers a wide range of tradable markets and financial instruments. You can trade not only 41 currency pairs, but there are also CFDs and cryptocurrencies such as Bitcoin, Ripple and Litecoin, as well as indices, commodities, metals and stocks.
Spreads and commissions
12 A trader makes money from spreads. The minimum spread for gold accounts is in line with other brokers, for example, 0.6 pips for the EUR / USD pair. However, spreads are less competitive for Silver and Micro account holders. However, the lack of commission per trade puts 12Trader in a strong position in terms of commission per trade.
12Trader offers 1: 200 base rate leverage for all account types. This can go up to 1: 300 and 1: 400 for members of the Silver and Gold accounts - higher than many brokers. While leverage can be used to maximize potential profits, the risk of loss is also higher and should be used with caution.
If you are a Silver or Gold account holder, you can download the 12Trader app to trade on the go. Available on Android (APK) and Apple (iOS) devices, the mobile app provides real-time charts, access to trade history and instant execution on a fully functional platform. This means that traders can open and close trades, manage their portfolios and access current prices using only their phone, tablet and the Internet.
12Trader mobile app
Payment method or payment
Depositing and withdrawing funds from 12Trader is simple and secure. Their accounts can be funded using a variety of debit and credit cards, including Visa and Mastercard, as well as PayPal, Skrill and bank transfer. The large selection of payment options is a good sign of the safety and security of a trader's funds, since for each method added, 12Trader must meet several security standards set by the payment company.
The minimum deposit varies between accounts, but starts at $ 500. There are no fees for payment.
12Trader offers a free demo account, which is a great tool to learn about the broker and learn about day trading. Launch the same platform and follow the same login page, but with funds and simulated markets, a demo account means you can control the platform and trading strategy before opening a live account.
Offers and promotions
At the time of this writing, no special offers or promotions have been offered. However, users are provided with an educational center with webinars, as well as training videos on Forex trading for experienced and inexperienced traders. 12Trader also provides free signals, daily and weekly market analysis, e-books and credit cards for silver and gold account holders.
Since day trading puts your capital at risk, safety and reliability are extremely important when choosing a broker. Although headquartered in London, 12Trader is regulated by the Vanuatu Financial Services Commission (VFSC) and the Cyprus Securities and Exchange Commission (CySEC). Regardless, there have been some negative customer reviews, so we recommend that you exercise caution when opening a new account.
12Trader offers many additional features to facilitate trading and analysis. There are tutorials designed to help novice traders learn the basics of Forex and CFD trading. This course is a great way to better understand trading terminology, risks, and investment strategies. For experienced traders, there are programs that detail advanced strategies.