The offshore trading expert TRADE12 offers 3 types of trade accounts called Beginner, Trader, and Expert. The fourth account is also provided called VIP with no information available. Trading gears available are FX, CFDs on stocks, metals, natural resources, and indexes. Make use of our scam broker review to decide better about this broker.
The minimum deposits required are $ 250, 10000, and 50000 with the minimum trade size of 0.01 lots. The maximum leverage offered is 1:400. It is high according to market value. The average spreads featured are in the range of 0.8 to 1.2 pips. The owner of the TRADE12 brand is an offshore enterprise named Exo Capital Markets LTD addressed in the Marshall Islands. The broker is neither regulated nor licensed. The website of TRADE12 claims to be operated in compliance with regulated markets. Unfortunately, TRADE12 appeared several times in potential scam broker’s list issued by financial regulators worldwide. The financial regulators such as FMA of New Zealand, CONSOB of Italy, CyCES of Cyprus, and KROUFR of Russia are few to mention who blacklisted this broker.
In addition, there are several scam reports against TRADE12 on social media, reviews, blogs, comments, and feedback provided by its users. It is our utmost responsibility to warn traders from a potential scam broker. The above facts are sufficient to aks traders to avoid this broker. We would recommend you to trade with regulated brokers.
There are some positive things about this broker and we would like to mention them for an unbiased review. TRADE12 features amazingly anticipated trading platform MetaTrader in all forms like desktop, web-based, and mobile. This is the first choice of many brokers and proves crucial features to make trading easy and exciting for a higher profit. The funding and withdrawal are provided by all popular channels like cards, bank transfer, mobile wallets are few to mention.
Is TRADE12 is a scam or legit?
The offshore-based unregulated TRADE12 broker wants to fetch as many traders as from its advertisements. The advertisement campaign featured Mike Tyson and ticket to Australian Open’s final. Unfortunately, all this went into vain as several financial authorities slammed TRADE12 for doing unauthorized brokerage practices in their jurisdictions. The initial deposit is high and the leverage provided is inappropriate. The Spreads are OK but trade size is insufficient to make any profit. All these trading conditions are designed to attract investors but also to lose their money. We advise avoiding a potential scam broker TRADE12 and select regulated ones.
If you have been a victim of a Trade12 scam make a Trade12 complaint by filling out the form above and we will do our utmost to get back to you as soon as we can.