This review is a result of months spent with the brokerage firm, 12Trader. The review team had performed an exhaustive examination of all the firm’s offers and services so as to render a pointed and informed assessment of its capabilities:
1. The firm’s regulatory status
2. The trading instruments that 12Trader allows access to
3. The trading accounts available through the firm
An online brokerage that offers multiple assets, 12Trader was established back in 2013 in the United Kingdom, its base of operations for a number of its international offices.
12Trader is known for offering a wide range of stocks, commodities, indices, and cryptocurrencies. In addition, the firm also makes a number of personal advisors and free market analysis available.
12Trader is being regulated by two notable regulatory bodies: the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC).
Offers and Services
Accessible Trading Instruments
12Trader offers a wide range of assets, namely Foreign Currency Pairs, Contract for Difference (CFD), Indices, Stocks, Commodities, and Cryptocurrencies.
For the CFDs, 12Trader allows for the trade of CFDs on Indices, Stocks, Forex, Commodities, and Cryptocurrecy Pairs. The FTSE Spread is pegged at 1, the GBP/USD Spread is at 0.6, and the Oil Spread is at 0.05. The Stocks Spreads offered here are variable.
For CFDs on Crytocurrencies, the Spreads are also variable for the digital coins, Bitcoin (BTC), Ripple (XRP), and Litecoin (LTC).
12Trader avails its clients a number of Major Pairs, Minor Pairs, and Exotic Pairs. The GBP/USD pair has a Spread starting at 0.5, for the EUR/USD is at 0.6, and the EUR/GBP at 0.5. The total number of available assets has a total of 41.
The leverage that the brokerage provides its clients are at 1:200 across all the accounts that 12Trader provides. The leverage can go as high as 1:300 and 1:400 for traders who had chosen to get the Gold and Silver accounts. It should be noted that this is considerably higher than the other seasoned brokers who are actively operating. As this is the case, there are greater risks of losses.
Available Trading Accounts
12Trader offers the following three accounts:
The Micro Account is seen as the most standard of the three accounts being offered by 12Trader. The account has been designed to the quick access to Foreign Currency and CFD trading for both the more seasoned traders and the novice traders through a minimum deposit of $500, an amount seem to be too high for a standard account.
The Silver Account is engineered for the more experienced clients that are amenable to hold credit cards. The account also offers access to a number of research and education materials and a selection of additional trading tools alongside a mobile platform through a deposit of $10,000.
The Gold Account allows for an additional customer support that is highly responsive, experts’ advice, and more helpful Spreads. However, given that this is 12Trader’s VIP account counterpart, it has the highest cost being $25,000.
The costs, as one might note, are pricey. While understandable for the Micro to the Silver Account, the jump from the Silver Account to the Gold Account can be seen as quite a leap.
Offered Trading Platforms
12Trader is wise to have chosen to offer MetaQuotes’ flagship trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Lauded by the online trading community, MetaTrader 4 (MT4) offers a a considerable number of beneficial features that allow for good trading conditions and highly lucrative transactions. The platform offers one-click trading, a wide range of technical indicators, charting tools, and a number of Expert Advisors (EAs) that permit automated algorithmic trading.
While not as known as MT4, MT5 offers a lot of advantageous features such as flexible lot sizing, a number of funding and withdrawal options, tight spreads, and market depth just to name some.
Trade with 12Trader Today!
With everything that had been discussed throughout the review, it is apparent that enlisting with the firm is a viable trading option. Save for the costly pricing of the firm’s accounts, 12Trader is actually attractive in light of the following aspects:
1. The trading accounts being offered
2. The wide range of available trading instruments
3. The competence of the provided trading platform