12Trader Review

Is 12Trader Scam or Legit Broker?

No, it is not safe to trade with 12Trader. 12Trader  is owned by Safe Side Trading Ltd, which is an offshore company registered in St. Vincent and the Grenadine.

• St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the low setup cost, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as CapitalXP, Welkron, and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

What is 12Trader?

According to the website, 12Trader claims to be a group of the world’s best global financial market experts, who have come together in order to provide you with the best services available in Forex trading, stocks and contracts. However, the company doesn't back up all these claims with the information about its regulation. It claims to be located in London, UK. We also couldn't find any records of the company's license with the British regulator Financial Conduct Authority.

• In fact, the UK’s Financial Conduct Authority license costs USD 50,000 and needs USD 100,000 of capital for the STP license aside from client deposits. In case, of obtaining Italian trading license with the CONSOB, the company would need to have EUR 50,000 of corporate capital.

12Trader Review Conclusion

We advise all investors and traders to avoid 12Trader and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets, FXGT Forex, FBS Trading Broker.

12Trader Update

As we found, the 12Trader website remains inactive and unavailable to reach. This means the broker no longer operates its trading offering and does not propose account openings, however, it is best to avoid and stay alert in case any proposals show up.