General Information
12Trader was established in 2013 and set up within the United Kingdom, where its universal workplaces are based. Created by a gather of monetary specialists, 12Trader offers exchanging in a expansive run of stocks, commodities, records, and cryptocurrencies with individual advisors and free market analysis
12Trader Regulation
12Trader is regulated by the Vanuatu Financial Services Commission (VFSC) and Cyprus Securities and Exchange Commission (CySEC). Despite this, there have been some negative customer reviews, so we recommend caution when opening a new account. No valid regulatory information. Please be aware of the risk!
Account Type
Oanda offers a single, standard account, that requires no minimum deposit. Unfortunately, high volume traders with deep pockets may be disappointed by the lack of additional perks that some brokers offer traders with significant capital. However, it does mean everyone gets to benefit from over seventy currency and precious metal pairs, plus trades of any size.
Spreads & Commissions
12Trader wins its cash through the spread. Least spreads with the Gold account are in line with other brokers, for illustration, 0.6 pips on the EUR/USD pair. Be that as it may, spreads are less competitive for Silver and Small-scale account holders. Still, the need of commission on any exchanges puts 12Trader in a solid position from an exchanging expense perspective.
12Trader Leverage
12Trader offers use at a base rate of 1:200 for all account sorts. This may go up to 1:300 and 1:400 for Silver and Gold account individuals – higher than numerous brokers. Even though use can be utilized to extend potential benefits, the hazard of misfortunes is additionally much higher, so ought to be utilized with caution.
Deposit & Withdrawal
Deposits and withdrawals are both simple and secure with 12Trader. Their accounts can be supported employing a wide run of charge and credit cards, counting Visa and Mastercard, as well as PayPal, Skrill, and wire exchanges. The expansive range of payment choices may be a great sign for the security and security of a traders cash since, for each strategy to be included, 12Trader must fulfill a few security benchmarks endorsed by the installment company. The least store changes between accounts but begins from $500. There are no payment fees.
12Trader Trading Platform
12Trader utilize the web-based social exchanging stage – SIRIX. Without requiring to download any program, dealers can utilize SIRIX to rapidly execute exchanges from any computer. SIRIX comes with an progressed charting bundle and numerous markers. The built-in social exchanging stream lets you learn from and duplicate other traders.
Trading Hours
The bespoke trading platform is open and useable 24/7, however different markets will open and close at different times, so there can sometimes be a knock-on effect when trading certain instruments over the weekend, for example.
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