Trade 12 Forex Broker

Trade 12 Broker - Complete Information Guide

1. Broker Overview

　　Trade 12 is an online forex and CFD broker operated by Exo Capital Markets Ltd, which was established in 2014. The company is headquartered in Majuro, Marshall Islands, a common location for many offshore brokers. Trade 12 operates as a privately held entity, providing services primarily to retail clients seeking to engage in forex trading and other financial instruments.

　　Since its inception, Trade 12 has aimed to provide a user-friendly trading environment, offering various trading accounts to cater to different trader needs. The broker has experienced significant milestones, including expanding its trading offerings and enhancing its platform capabilities. However, it has also faced scrutiny due to regulatory issues, which have raised concerns about its legitimacy.

　　As an offshore broker, Trade 12 primarily serves clients from various regions, focusing on those interested in trading forex, commodities, and CFDs. The broker's business model includes retail forex trading, catering to individual traders looking for access to global financial markets.

2. Regulation and Compliance Information

　　Trade 12 operates without regulation from any major financial authority, which is a significant concern for potential clients. The broker has been subject to warnings from various regulatory bodies, including:

• Financial Conduct Authority (FCA), UK
• Australian Securities and Investments Commission (ASIC)
• New Zealand's Financial Markets Authority (FMA)
• Italian Commissione Nazionale per le Società e la Borsa (CONSOB)

　　These warnings indicate that Trade 12 is not authorized to provide financial services in these jurisdictions, raising red flags about its operations. The company does not have a valid regulatory license, and there is no assurance of client fund protection or segregation of accounts.

　　Trade 12's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is questionable, as it lacks oversight from a recognized regulatory authority. This absence of regulation puts clients' funds at risk, making it crucial for traders to exercise caution when considering this broker.

3. Trading Products and Services

　　Trade 12 offers a variety of trading products, including:

• Forex Trading: The broker provides access to over 20 forex currency pairs, including major, minor, and exotic currencies.
• CFDs: Trade 12 also offers contracts for difference (CFDs) on various assets, including commodities, indices, and cryptocurrencies, with a total of over 220 CFD products.
• Precious Metals: Gold and silver trading options are available for clients looking to invest in these commodities.

　　The broker updates its product offerings periodically, aiming to keep up with market demand. However, there is limited information regarding the frequency of these updates or the introduction of new trading instruments.

　　Trade 12 primarily focuses on retail trading services, catering to individual investors. While there is no mention of institutional client services or white-label solutions, the broker does provide educational resources to assist traders in improving their skills and knowledge.

4. Trading Platforms and Technology

　　Trade 12 supports the widely-used MetaTrader 4 (MT4) platform, providing traders with access to various versions, including desktop, web, and mobile applications. MT4 is favored for its user-friendly interface and robust analytical tools, allowing traders to implement strategies effectively.

　　The broker also offers a web-based trading platform that enables clients to trade without the need for software installation. Additionally, a mobile application is available for both iOS and Android devices, facilitating trading on the go.

　　In terms of execution, Trade 12 operates on a Market Making model, which may not provide the same level of transparency as ECN or STP brokers. The broker claims to ensure fast order execution without slippage, but the lack of regulation raises concerns about the reliability of these claims.

　　Trade 12 does not provide information on API access or support for automated trading, which may be a drawback for algorithmic traders seeking advanced trading solutions.

5. Account Types and Trading Conditions

　　Trade 12 offers several account types to cater to different trading preferences:

• Beginner Account: Requires a minimum deposit of $250, with spreads starting from 1.2 pips.
• Trader Account: Requires a minimum deposit of $10,000, with tighter spreads.
• Expert Account: Requires a minimum deposit of $50,000, offering the best trading conditions, including lower spreads.

　　The broker does not specify the features of a VIP account or any special account types, such as Islamic accounts or corporate accounts.

　　Leverage offered by Trade 12 can go up to 1:400, which is relatively high and may attract traders looking for significant trading power. The minimum trade size is set at 0.01 lots, allowing for flexible trading options.

　　Trade 12 has not provided clear information on overnight fees or swap rates, which are essential for traders to understand the cost of holding positions overnight.

6. Fund Management

　　Trade 12 supports a variety of deposit methods, including:

• Bank Transfers
• Credit/Debit Cards
• Electronic Wallets such as Skrill, WebMoney, and Yandex Money

　　The minimum deposit requirement varies by account type, with the beginner account starting at $250. Deposits are generally processed quickly, but specific processing times have not been disclosed.

　　Withdrawal methods mirror the deposit options, but the broker has not provided detailed information on withdrawal processing times or any associated fees. Clients have reported challenges in withdrawing funds, raising concerns about the broker's reliability in managing client funds.

7. Customer Support and Educational Resources

　　Trade 12 offers customer support through various channels, including:

• Email
• Phone Support
• Live Chat

　　The support team is available 24/5, covering major trading hours, but the specific time zones have not been mentioned. The broker supports multiple languages, including English, Spanish, French, Italian, and Portuguese, catering to a diverse client base.

　　Educational resources provided by Trade 12 include webinars, tutorials, and an economic calendar. However, the depth and quality of these resources are not extensively covered, leaving potential clients to seek additional information elsewhere.

　　Market analysis services, such as daily analysis and research reports, are available, but the broker does not specify the frequency or depth of these insights.

8. Regional Coverage and Restrictions

　　Trade 12 primarily serves clients from various regions, focusing on those interested in forex and CFD trading. However, the broker does not accept clients from certain countries, including the USA, France, and Belgium, due to regulatory restrictions.

　　The broker operates without proper licensing in many jurisdictions, raising concerns about its compliance with local laws. This lack of regulatory oversight may limit its ability to provide services in many regions, making it essential for potential clients to verify their eligibility before opening an account.

　　In conclusion, while Trade 12 presents an array of trading opportunities and features, the absence of regulation and the numerous warnings from financial authorities should prompt potential clients to approach with caution. It is advisable to consider regulated brokers that offer similar or better trading conditions to ensure the safety of funds and compliance with applicable laws.