This broker was not featured in our 2023 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.
We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. All brokers are then given a score out of 100. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.
If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.
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12Trader is a brokerage service made up of financial experts from all over the world to offer investors a high quality service in trading Forex, stocks and contracts. With a focus on maximising their clients’ profits, this broker is committed to transparency and credibility, and for this reason that have rapidly grown to become one of the biggest and most popular Forex companies worldwide. Offering innovative, cutting edge technology to facilitate the trading experience, 12Trader also takes pride in having an impressive customer support team who are there to provide meaningful assistance with 24 hour technical support.
|Forex, Precious Metals, Equity Indices, Energies|
12Trader’s Trading Platforms
This broker is aware of its clients’ preferences for a fast, reliable, modern trading platform that requires no memory intensive downloads but which can offer quick access to the markets. 12Trader has a one click platform that allows easy execution of trades, and their specialised graphics facilitate technical analysis. For those who prefer to trade while on the move, 12Trader offer their mobile trading platform which can be accessed from either Android or Apple smartphones or tablets. These easy to download apps allow access to all of the site’s main features, with all live market movements being easy to see. Deals can be opened or close at the touch of a button and live news is brought straight to the palm of your hand to inform your investments.
Account Types Offered by 12Trader
12Trader are eager to meet the needs of both beginner and more experienced investors by offering several different account types. Whichever account type you select, there are many benefits which are offered by this operator including:
- Free daily signals
- The opportunity to trade with micro lots or standard lots
- Unlimited access to trading platforms
- Unlimited access to expert advisor trading
- Free technical analysis
- Free market updates
- Personal account manager
- Access to multilingual customer support
There are three main account types available from 12Trader. These include:
A Micro account can be opened with a minimum deposit of $50 and is geared towards new and inexperienced traders who are looking to gain more experience in the markets. One of the benefits of this account type which is often not available with other novice accounts is the services of a personal account manager who can help facilitate trading.
Designed to accommodate those with more experience in the financial markets, the Silver account requires a minimum deposit of $10,000 and comes with many extra benefits such as better access to customer care and the chance to earn even more profits. With high accuracy trading tools, daily market news updates and daily analysis from international experts, this account type is ideal for those who are ready to maximise their gains.
This account is geared towards the most experienced investors and requires a minimum deposit of $25,000. Giving access to a comprehensive selection of advantages and features, the Golden account allows night and day access to market opportunities without any additional fees or commissions as well as constant access to a market expert who can offer advice at any stage of the trading process.
All of 12Trader’s accounts are Islamic accounts meaning that they are suited to the needs of Muslim investors as well as those of other faiths.
Which Products are Available for Trading and What Tools are Available?
12 Trader offers an impressive selection of tradable products including:
This broker also offers a wide range of helpful tools to make trading easier and more effective. Some of these include:
- Market Analysis
- Graphic Charts
- Social Trading
- Pips calculator
There are also lots of excellent educational resources offered by 12Trader to improve the skills of new traders to to improve the techniques of those with more experience. Some of these resources include:
- Forex glossary
Customer Support Options and Payment Methods
12Trader has a strong focus on customer service and try to make it as easy as possible for potential clients to get all of the necessary information both before opening an account and when executing trades. The website features a useful Frequently Asked Questions section which answers all of the most common queries that potential customers may ask, and anyone with further questions can use one of the numerous supplied methods to access the customer support team. Contact options include using the online web form to submit a question, using one of the eight targeted email addresses that make it easy for clients to quick and easy contact the support team that best suits their needs or by calling the supplied telephone number to speak to a support advisor. Customer support is available in several languages to cater for the needs of traders whose first language is not English, and the website itself is also available in 5 languages: English, Arabic, Spanish, German and Russian. Those who value the opportunity to use a range of banking methods will also appreciate this broker’s effort to encompass a broad spectrum of options. For those who like the tried and tested traditional options, traders can use either the classic bank transfer method or a debit or credit card to deposit funds into their account. However, those who would rather use one of the more convenient online e-Wallet options will be pleased to discover that Skrill is also an available option. There is a minimum withdrawal amount from trading accounts of $500 with the maximum withdrawal amount being $10,000. The maximum amount of funds which can be placed in an account within a single day is $10,000. Overall, 12Trader has plenty to offer its clients with a great choice of tradable assets, three different account types to suit the needs of all kind of investors and an impressive customer support service (although the lack of a live chat facility is a slight downside). With so many excellent deposit and withdrawal methods to choose from and so many tools and educational resources, it is easy to see why this broker is becoming so popular.
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